Courtesy Pay

Courtesy Pay

Checking overdraft protection: Courtesy Pay is a service we add to your checking account to cover overdrafts to a set limit, subject to the eligibility criteria as explained below. While we reserve the right to unilaterally refuse to pay any item that is presented, with Courtesy Pay we will generally pay your overdraft items up to $500 if you have direct deposit into SCU checking and up to $250 if you do not have direct deposit.

Eligibility Criteria: No application is required for Courtesy Pay; eligibility is based on you managing your checking account in a responsible manner. You will be eligible for Courtesy Pay unless:

You are more than 15 days past due on any Credit Union loan or delinquent on any other obligation to the Credit Union.
You are subject to any legal or administrative orders, levy, or are currently a party in a bankruptcy proceeding.
You have an outstanding balance on an Overdraft Repayment Plan.
An extended hold is being placed on your checking account or any other account relationship, in which case your Courtesy Pay may be suspended without prior notice.
You are a minor.
A ChexSystems or any other negative indicator is present.
You have an account that has been opened less than 60 days, or if you were overdrawn for more than 5 consecutive days during the first 60 days that your account was open.
Your account is a fiduciary trust or escrow account.
Your account is classified as dormant.
Suspension/Removal of Privilege - You may be suspended or removed immediately from Courtesy Pay if:
You do not bring your account to a positive balance within a 33 day period
You fail to meet our eligibility criteria
If you meet all the criteria listed above, we may still remove the privilege if we believe you are not managing your account in a responsible manner which may harm you or us.

Transactions Covered by Courtesy Pay: Courtesy Pay will be available on eligible accounts for all checks, including in-person withdrawals, and Automated Clearing House (ACH) debits, if checking account funds are not available at the time of the transaction posting.

Payment Order of Items: The order in which items are presented may affect the total fees incurred by a member. We will pay checks presented over the counter upon presentment. With daily automated postings we first post Visa debit transactions, ACH debits then checks. Checks presented for payment are sorted by dollar amount and paid from smallest to largest.

Opt Out: You may never need to take advantage of the Courtesy Pay option but you may find it useful in the event of a temporary shortfall. If you do not want to have the Courtesy Pay privilege, simply contact us.

Additional Information:- Your account agreement describes the duties, obligations, and rights of depositors, authorized signatories and the Credit Union with regard to your deposit accounts. That account agreement is incorporated herein for all purposes as if it were set forth verbatim as to matters not directly addressed by this disclosure. Your account agreement and this disclosure shall be construed so as to minimize conflicts between them.

Waiver: The Credit Union's forbearance from, or delay in, exercising any of the Credit Union's rights, remedies, privileges, or right to insist on your strict performance of any provisions of your account agreement, this Courtesy Pay disclosure, or any other provision related to your account, shall not be construed to be a current or future waiver of the Credit Union's rights, remedies or privileges.

You and the Credit Union agree that the exclusive remedy and forum for all disputes arising out of Courtesy Pay your or Credit Union's performance there under, except for matters you or Credit Union take to small claims court, is arbitration by an independent arbitrator pursuant to the applicable rules of the American Arbitration Association, except as prohibited by law.

Effective Date - All information listed in this Courtesy Pay disclosure is effective as of July 1, 2006.