Disclosures

USA PATRIOT ACT DISCLOSURE STATEMENT

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you:

When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. and retain this statement with your Credit Union records.

  1. Types of Available Transfers
    1. Point-of-sale transfers;
    2. Automated teller machine transfers;
    3. Direct deposits or withdrawals of funds;
    4. Transfers initiated by telephone; and
    5. Transfers resulting from debit card transactions, whether or not initiated through an electronic terminal.
  2. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’s how: Call us at 1-800-336-0284 (toll-free) or write us at P O Box 148, Alexandria, VA 22313-0148 in time for us to receive your request three (3) business days or more before the payment is scheduled to be made. If you call, we will also require you to put your request in writing and get it to us within fourteen (14) days after you call. If you fail to send written confirmation of your oral stop-payment order, the oral stop-payment order shall cease to be binding fourteen (14) days after it has been made.
  3. We do not charge for this service.
  4. Transaction Limitations-
    1. Visa Debit Card ATM cash withdrawals are limited to three transactions per 24 hour period and not more than $500 total per 24 hour period
    2. Visa Debit Card Purchases are limited to nine transactions per 24 hour period.
  5. If you believe that someone has transferred or may transfer money from your account without your permission, call: Member Services, 1-800-336-0284 (toll-free). Write P O Box 148, Alexandria, VA 22313-0148.
    Also, if your statement shows transfers that you did not make, inform us at once. If you do not inform us within sixty (60) days after the statement was mailed to you, you may not receive a refund of any money lost after sixty (60) days if we can prove that we could have stopped the transfer if you had informed us in time. If a good reason (such as a long trip or hospital stay) kept you from informing us, we will extend the deadlines.
  6. We are open for business Monday through Friday, excluding Holidays.
  7. We will disclose information to third parties about your account or the transfers you make:
    1. In order to comply with Government Agency or Court orders.
    2. If you give us written permission.
  8. You will not receive a notice that a deposit has been made if you have arranged to have direct deposits made to your account at least every 60 days. You will receive a monthly statement if you have a Checking account. Quarterly statements will be mailed to you for all other accounts.
  9. If we do not complete a transfer to or from your account on time or in the correct amount, according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:
    if, through no fault of ours, you do not have enough money in your account to make the transfer; if circumstances beyond our control (such as fire or flood) prevent the transfer despite reasonable precautions. There may be other exceptions stated in our agreement with you.
  10. In case of errors or questions about your electronic transfers telephone us at :1-800-336-0284 (toll-free) Member Services Department

    Or write us at:

    NAPUS Federal Credit Union
    P O Box 148
    Alexandria, VA 22313-0148

    as soon as you can if you think your statement is wrong or if you need more information about a transfer listed on the statement. We must hear from you no later than sixty (60) days after we sent you the FIRST statement on which the problem appeared.
    1. Tell us your name and account number, if any.
    2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. If you tell us orally, we will require that you send us your complaint or question in writing within ten (10) business days.
    3. Tell us the dollar amount of the suspected error.

      We will tell you the results of our investigation within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your account within ten (10) business days for the amount you think is in error, so that you will have use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your account. If we decide that there was no error, we will send you a written explanation within three (3) business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation.
  11. Liability for unauthorized transfers using the Visa Debit Card– If you notify the credit union within two business days after learning of the loss or theft of your Visa Debit Card, your liability shall not exceed the lesser of $50 or the amount of unauthorized transfers that occur before you notify the credit union. If you fail to notify the credit union within two business days after learning of the loss or theft of your Visa Debit Card, your liability shall not exceed the lesser of $500; or, the sum of $50 or the amount of unauthorized transfers that occur within the two business days, whichever is less; and, the amount of unauthorized transfers that occur after the close of two business days and before notice to the institution, provided the institution establishes that these transfers would not have occurred had the consumer notified the institution within that two day period.

Non-Transferable

Federal banking legislation, passed in October 1980, provides that a Reserve Tax may be placed on your Credit Union account for telephone and pre-authorized transfers from savings. In order to avoid the tax and to comply with the Electronic Fund Transfer Disclosure, your Board of Directors has set a policy limiting such transfers from savings to three (3) per calendar month.

Rev 3/99

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications, race, gender, and income of applicants and borrowers, and information about loan approvals and denials.

Inquire via our Comment Form or call the office at 1-800-336-0284 during business hours regarding the locations where HMDA data may be inspected.

Funds Availability Policy

IMPORTANT NOTICE TO NAPUS FEDERAL CREDIT UNION MEMBERS WHO HAVE THE FOLLOWING ACCOUNTS:

Checking, Money Market, Golden Years Checking and Golden Years Money Market Accounts.

  1. Funds from members’ deposits received by 2:00 PM are available for withdrawal on the day they are received. Deposits received after 2:00 PM on any business day shall be available for withdrawal the next business day on which the Credit Union is open.

    Five Day Holds on funds will be placed if:
    1. A member deposits more than $5,000.00 in checks to one or more transaction accounts in one day;
    2. A member re-deposits a check that has been returned unpaid;
    3. The Credit Union re-deposits a check that has been returned unpaid;
    4. The member has repeatedly overdrawn the account in the last six months;
    5. There is an emergency, such as failure of communications or computer equipment.
  2. Special Rules for all types of New Accounts (Accounts that have been opened less than 3 months)
    1. The first $5,000.00 in checks is available on the day of deposit.
    2. The amount in excess of $5,000.00 will be available on the fifth business day after we receive the deposit.
    3. Funds from wire transfer or cash will be available on the business day we receive the transfer.

SPECIAL NOTICE FOR ALL ACCOUNTS ABOVE:

FUNDS FROM DEPOSITS OF CASH, CERTIFIED CHECKS, CASHIER’S CHECKS, TRAVELER’S CHECKS, STATE AND LOCAL GOVERNMENT CHECKS, ELECTRONIC DEPOSITS, TREASURY CHECKS THAT ARE DEPOSITED INTO THE ACCOUNT OF THE ORIGINAL PAYEE WILL NOT BE SUBJECT TO HOLDS. A FIVE DAY HOLD MAY BE PLACED ON ANY CHECK THAT IS DEPOSITED TO ANY ACCOUNT IF THE CREDIT UNION HAS REASON TO BELIEVE IT WILL NOT BE PAID.

NAPUS Federal Credit Union Checking Agreement

I/We authorize NAPUS Federal Credit Union (“Credit Union”) to establish a special account for me/us to be known as a “Checking Account”. The Credit Union is authorized to pay checks signed by me (or by any of us, if this agreement is signed by more than one person) and to charge the payments against the Checking Account.

It is agreed that:

  1. only check blanks and other methods approved by the Credit Union may be used to withdraw funds from this Checking Account;
  2. the Credit Union is under no obligation to pay a check which exceeds the balance in the Checking Account or a check on which the date is more than six months old;
  3. except for negligence, the Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check;
  4. any objection respecting any item shown on a statement of the Checking Account shall be waived unless made in writing to the Credit Union on or before the sixtieth day following the day the statement is mailed;
  5. all non-cash payments received on shares in the Checking Account will be credited subject to final payments and after hold requirements have been met;
  6. the Checking Account shall be subject to service charges in accordance with the rate schedules adopted by the Credit Union from time to time;
  7. the use of the Checking Account is subject to such other terms, conditions, and requirements as the Credit Union may establish from time to time;
  8. if signed by more than one person, this agreement is subject to the additional terms and conditions of any joint share account agreement that applies to a share account in our joint names; or, if there is no such agreement, this agreement is subject to the additional terms and conditions attached to this agreement
  9. The Credit Union is under no obligation to pay a check which exceeds the balance in this account; the Credit Union may, however, pay such a check and charge the amount of the resulting overdraft plus a service charge against any other share, deposit or certificate account from which the person who signed the check is entitled to withdraw;
  10. I/We hereby authorize the Credit Union to reimburse itself for any check drawn on this Checking Account which the Credit Union pays, to the extent to which such check exceeds the balance in this Checking account, by making loan advances to this Checking account in the exact amount required.

Additional Terms and Conditions1

The Credit Union is hereby authorized to recognize any of the signatures subscribed on this agreement in the payment of funds or the transaction of any business for this account. The joint owners of this account hereby agree with each other and with the Credit Union that all sums now paid in on shares, or heretofore or hereafter paid in on shares by any or all of said joint owners to their credit as such joint owners with all accumulations thereon, are and shall be owned by them jointly, with right of survivorship and be subject tot he withdrawal or receipt of any of them, and payment to any of them or the survivor or survivors shall be valid and discharge the Credit Union from any liability for such payment.

Any or all of said joint owners may pledge all or any part of the shares in this account as collateral security to a loan or loans.

The right or authority of the Credit Union under this agreement shall not be changed or terminated by said owners, or any of them except by written notice to the Credit Union which shall not affect transactions heretofore made.

1 Note: These additional terms and conditions apply ONLY if there is no joint share account agreement that applies to a share account in the names of the persons whose signatures are subscribed on the agreement.

NAPUS Federal Credit Union Money Market Agreement

I/We hereby authorize NAPUS Federal Credit Union (the Credit Union) to establish an account for me/us to be known as a Money Market Account. I/We authorize the Credit Union to honor my/our withdrawal and transfer requests and to pay checks signed by me (or by any of us if the account card is signed by more than one person) and to charge all such payments against the shares in this account.

I/We understand and agree with the Credit Union and with each other that:(1) subject to the provisions of the Credit Union’s bylaws and applicable State and Federal laws, rules and regulations, all sums now or hereafter paid into this account and all accumulations thereon may be withdrawn on the request of any of them, regardless of whether the others on the account are living or dead; (2) if they have signed the account card under JOINT ACCOUNT WITH SURVIVORSHIP, then upon the death of any of the undersigned the account belongs to the survivor or survivors as provided by law and the right of survivorship shall continue between the survivors; (3) the right of the Credit Union to permit the withdrawal of funds from this account in accordance with the terms hereof may be terminated only by its receipt of written notice from any of the undersigned that withdrawals should not be permitted but such notice shall not affect withdrawals previously made. for purposes of this account, “month” means calendar month.

It is agreed that:

  1. The minimum balance necessary to open this account is $2,500.
  2. The dividend rates paid on this account are set by the Board of Directors and are subject to change.
  3. Withdrawals are limited to three per month.
  4. Divdends are computed daily and will be paid directly to the account.
  5. Only check blanks and other methods approved by the Credit Union may be used to make withdrawals and transfers from this account.
  6. The Credit Union is under no obligation to honor a withdrawal or transfer request or pay a check that exceeds the fully paid and collected share balance on this account; the Credit Union may, however, honor such request or pay such check and transfer shares to this account in the amount of the resulting overdraft, from any other regular share account from which any of the undersigned is then entitled to withdraw.
  7. The Credit Union may charge against this account a check which is otherwise properly payable form this account, even though payment is made before the date of the check, unless you have given notice to the Credit Union of the post dating by describing the check with reasonable certainty.
  8. When paid, checks become the property of the Credit Union and will not be returned either with the periodic statement of this account or otherwise, unless specifically required by the member on an item by item basis and the submission of an applicable fee as established by the Credit Union.
  9. The Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check, except for negligence.
  10. Any objection respecting any item shown on a periodic statement of this account is waived unless made in writing to the Credit Union on or before the end of 60 days after the statement is mailed.
  11. This account is subject to the Credit Union’s right to require 7 days advance notice of withdrawal.
  12. This account is also subject to such other terms, conditions and service charges as the Credit Union may establish from time to time.
  13. If this agreement is signed by more than one person, the persons signing below shall be joint owners of this account.
  14. The member must have prime share account balance of at least $5.00

Revised 12/94

NAPUS Federal Credit Union Golden Years Checking Agreement

I/We hereby authorize NAPUS Federal Credit Union (the Credit Union) to establish an account for me/us to be known as a Golden Years Checking Account. I/We authorize the Credit Union to honor me/our withdrawal and transfer requests and to pay checks signed by me (or by any of us if the account card is signed by more than one person) and to charge all such payments against the shares in this account.

I/We understand and agree with the Credit Union and with each other that:(1) subject to the provisions of the Credit Union’s bylaws and applicable State and Federal laws, rules and regulations, all sums now or hereafter paid into this account and all accumulations thereon may be withdrawn on the request of any of them, whether others of them are living or dead; (2) if they have signed the account card under JOINT ACCOUNT WITH SURVIVORSHIP, then upon the death of any of the undersigned the account belongs to the survivor or survivors as provided by law and the right of survivorship shall continue between the survivors; (3) the right of the Credit Union to permit the withdrawal of funds from this account in accordance with the terms hereof may be terminated only by its receipt of written notice from any of the undersigned that withdrawals should not be permitted but such notice shall not affect withdrawals theretofore made.

For purposes of this account, “month” means calendar month.

It is agreed that:

  1. The dividend rates paid on this account are set by the Board of Directors and are subject to change
  2. Dividends are computed daily and will be paid directly to the account.
  3. Only check blanks and other methods approved by the Credit Union may be used to make withdrawals and transfers from this account.
  4. The Credit Union is under no obligation to honor a withdrawal or transfer request or pay a check that exceeds the fully paid and collected share balance on this account; the Credit Union may, however, honor such request or pay such check and transfer shares to this account in the amount of the resulting overdraft, from any other regular share account from which any of the undersigned is then entitled to withdraw.
  5. The Credit Union may pay a check on whatever day it is presented for payment, notwithstanding the date (or any limitation on the time of payment) appearing on the check.
  6. When paid, checks become the property of the Credit Union and will not be returned either with the periodic statement of this account or otherwise.
  7. Except negligence, the Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check.
  8. Any objection respecting any item shown on a periodic statement of this account is waived unless made in writing to the Credit Union on or before the end of 60 days after the statement is mailed.
  9. This account is subject to the Credit Union’s right to require 7 days advance notice of withdrawal.
  10. This account is also subject to such other terms, conditions and service charges as the Credit Union may establish from time to time.
  11. If the account card is signed by more than one person, the persons signing shall be joint owners of this account.
  12. Must have prime share account balance of at least $5.00

Revised 10/94

NAPUS Federal Credit Union Golden Years Money Market Agreement

I/We hereby authorize NAPUS Federal Credit Union (the Credit Union) to establish an account for me/us to be known as a Golden Years Money Market Account. I/We authorize the Credit Union to honor my/our withdrawal and transfer requests and to pay checks signed by me (or by any of us if the account card is signed by more than one person) and to charge all such payments against the shares in this account.

I/We understand and agree with the Credit Union and with each other that:(1) subject to the provisions of the Credit Union’s bylaws and applicable State and Federal laws, rules and regulations, all sums now or hereafter paid into this account and all accumulations thereon may be withdrawn on the request of any of them, regardless of whether the others on the account are living or dead; (2) if they have signed the account card under JOINT ACCOUNT WITH SURVIVORSHIP, then upon the death of any of the undersigned the account belongs to the survivor or survivors as provided by law and the right of survivorship shall continue between the survivors; (3) the right of the Credit Union to permit the withdrawal of funds from this account in accordance with the terms hereof may be terminated only by its receipt of written notice from any of the undersigned that withdrawals should not be permitted but such notice shall not affect withdrawals previously made.

For purposes of this account, “month” means calendar month.

It is agreed that:

  1. The minimum balance necessary to open this account is $10,000.
  2. The dividend rates paid on this account are set by the Board of Directors and are subject to change.
  3. Withdrawals are limited to three per month.
  4. Dividends are computed daily and will be paid directly to the account.
  5. Only check blanks and other methods approved by the Credit Union may be used to make withdrawals and transfers from this account.
  6. The Credit Union is under no obligation to honor a withdrawal or transfer request or pay a check that exceeds the fully paid and collected share balance on this account; the Credit Union may, however, honor such request or pay such check and transfer shares to this account in the amount of the resulting overdraft, from any other regular share account from which any of the undersigned is then entitled to withdraw.
  7. The Credit Union may charge against this account a check which is otherwise properly payable form this account, even though payment is made before the date of the check, unless you have given notice to the Credit Union of the post dating by describing the check with reasonable certainty.
  8. When paid, checks become the property of the Credit Union and will not be returned either with the periodic statement of this account or otherwise, unless specifically required by the member on an item by item basis and the submission of an applicable fee as established by the Credit Union.
  9. The Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check, except for negligence.
  10. Any objection respecting any item shown on a periodic statement of this account is waived unless made in writing to the Credit Union on or before the end of 60 days after the statement is mailed.
  11. This account is subject to the Credit Union’s right to require 7 days advance notice of withdrawal.
  12. This account is also subject to such other terms, conditions and service charges as the Credit Union may establish from time to time.
  13. If this agreement is signed by more than one person, the persons signing below shall be joint owners of this account.
  14. The member must have prime share account balance of at least $5.00

Revised 10/94