If you give Credit Union a certain pledge of Shares by signing a separate pledge of Shares, your pledged Shares will protect your account. You may not withdraw amounts specifically pledged to secure your account until the credit union agrees to release all or part of the pledged amount.
You grant us a security interest in all individual and common stock and / or custody accounts that you have with us now and in the future to secure your credit card account. Shares and deposits with an IRA or other account subject to special tax treatment under state or federal legislation when issued as collateral are not subject to the security interest you have provided for your shares and deposits. You can collect these other shares unless you are in default. If you are in default, you authorize us to use the amount due in these accounts. For example, if you have an unpaid credit card balance, you agree that we may use funds in your account or accounts to pay all or part of the unpaid balance. You acknowledge and agree that your commitment will not apply during a period when you are a Covered Borrower under the Law on Lending. For the sake of clarity, you are not considered a covered borrower, and your promise applies if: (i) you set up your credit card account when you were not a covered borrower; or (ii) you are no longer a covered borrower.
Unless otherwise prohibited by federal and / or state laws, collateral for other loans you have with Credit Union may also secure this loan, except that an apartment will never be considered as collateral for that account, regardless of any other provisions in another agreement.
1. USING YOUR ACCOUNT - By using the Account or keeping the Card, you agree to the terms of this Agreement. You agree to use your account under this Agreement. Your account may only be used for legitimate transactions.
2. CREDIT LIMIT - We may set a credit limit under this Agreement that you do not expect to exceed. If you exceed the credit limit, you promise to immediately repay the amount that exceeds the credit limit, including amounts due to financing charges, fees, or other costs. You can only request an increase in the credit limit for your account using a method acceptable to the credit union. We may increase or decrease your credit limit, make an advance payment for any reason permitted by law and / or terminate your account at any time.
3. COMFORT CONTROLS - We occasionally give you comfort checks that can be claimed on your account. Convenience checks can not be used for payments on your account. If you use a comfort check, it will be credited to your account as a cash advance. We reserve the right to refuse payment of a convenience check drawn into your account for any reason whatsoever, and such refusal does not constitute an illegal misrepresentation. You may request that We pay a check drawn into your account for convenience to adjust. You agree to pay all fees specified in this Agreement to prevent payment based on a check issued on your account. You may verbally, if permitted, or in writing make a request for payment for the stop. Your request must be made for payment in good time before the check is presented to give us a reasonable opportunity to process your request. In addition, your request must accurately describe the check, including the exact account number, the payee, any check number, and the exact amount of the check. If permitted, you can request an oral pay-out. However, such a request expires after 14 days if you do not confirm your request in writing within that time. Written stop payment orders are valid for only six months and can be extended for a further six months by requesting in writing the extension of the stop payment order. We do not have to notify you when a stop payment order expires.
If we re-credit your account after paying a check for a valid and timely stop payment order, you agree to a statement of disputes with the payee
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