Updates: Membership Agreement and Disclosure

The following is a list of changes to the Membership Agreement and Disclosure booklet. An electronic version can be found here: Policies and Disclosures

SectionAugust 1, 2019July 1, 2020Reason
i.10Account Rates and Fees – The Credit Union’s payment of dividends on any account is subject to the account rates, fees, earnings, payment, and balance requirements as set forth on the Fee Schedule. You agree the Credit Union may impose fees for the deposit account services provided by us. A current Fee Schedule has been provided to you separately. Current rates can be found on jordan-cu.org . You agree the Credit Union may change the Fee Schedule and rates from time to time and you will be notified of such changes as required by law.Account Rates and Fees – The Credit Union’s payment of dividends on any account is subject to the account rates, fees, earnings, payment, and balance requirements as set forth on the Fee Schedule and Rate Sheet. You agree the Credit Union may impose fees for the deposit account services provided by us. A current Fee Schedule and Rate Sheet has been provided to you separately. Current rates can be found on jordan-cu.org . You understand and agree that the Credit Union may change rates and fees as detailed in the Fee Schedule and Rate Sheet from time to time. If a change occurs, you will be notified of such changes as required by law.Updated for clarity.
i.12.c. . . by visiting a credit union branch, or by calling us at 801-566-4195.…by visiting a credit union branch, or by calling us at 801-566-4195 or at 800-866-1655.Toll Free Number included for compliance.
i.22Inactive, Dormant and Abandoned Accounts – If your account falls below any applicable minimum balance or you have not made any transactions over a period of time, we may classify your account as inactive or dormant. You authorize . . .Inactive, Dormant and Abandoned Accounts – If your account falls below any applicable minimum balance or you have not made any transactions over a period of time, we may classify your account as inactive or dormant. If an account is dormant or inactive the account may be subject to a fee as defined on the Fee Schedule. You authorize. . .Updated for clarity.
ii.2However, the first $200 of your deposit will be available on the next business day. However, the first $225 of your deposit will be available on the next business day. Updates to Regulation CC
ii.4a. You deposit checks totaling more than $5,000.00 on any one (1) day.a. You deposit checks totaling more than $5,525.00 on any one (1) day.Updates to Regulation CC
ii.5. . . Funds from deposits of cash and the first $5,000 of certain checks (such as US Treasury, Government, US Postal Money Order or Cashier’s) will be available on the first business day after the banking day of deposit. Funds deposited in excess of $5,000 will be made available by the seventh business day after the banking day of deposit. . .. . . Funds from deposits of cash and the first $5,525 of certain checks (such as US Treasury, Government, US Postal Money Order or Cashier’s) will be available on the first business day after the banking day of deposit. Funds deposited in excess of $5,525 will be made available by the seventh business day after the banking day of deposit. . .Updates to Regulation CC
iii.1.eOnline e-Teller Service. If we approve your application for online banking service to your accounts, a password will be given to you. You must change this password on first log in. You must use your password and your account number to access your accounts. E-Teller service is accessible seven (7) days a week . . .Online Banking Service. To register for Online Banking you must use your member number and your personal information provided during account opening. During this process you will choose a username and password. Online Banking is accessible seven (7) days a week . . .Online process changed, updated to reflect new name and process.
iii.8.b. . . the deposit has been made by calling 801-566-4195.. . . the deposit has been made by calling 801-566-4195 or 800-866-1655.Toll Free Number included for compliance.

If you wish to receive a physical copy of the updated Membership Agreement and Disclosure booklet, please visit the nearest branch.