What is a credit union electronic funds transfer agreement?

This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer (EFT) services offered to you by Superior Credit Union (“credit union”).

Can a credit union refuse to honor a transaction?

The credit union may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction, and there may be limits on the duration of each telephone call.

When to notify superior credit union of stop payment order?

You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification.

How does a credit union work with a mortgage modification?

For this modification, the credit union would use the existing mortgage rate at the time of modification to establish the terms of the new agreement. The credit union would then capitalize any amount in arrearage and calculate the resulting principal and interest payments.

What kind of mortgage can be modified by NCUA?

The modified mortgage must be a fully amortized, fixed-rate mortgage. Note NCUA’s previous guidance does not regulate amortization. So if your credit union is not limited by investor requirements, amortization could be a risk-based decision for the credit union.

How to become a member of first MidAmerica credit union?

Complete an application now for one of our low rate loans. Become a member and start doing more with your money. Give us a call or send a quick email to reach member support. What’s Happening? You could save with our low rates on auto loans! Learn more or apply online: www.1stmidamerica.org

How to submit comments on proposed credit union mergers?

To submit comments, find your credit union in the table listed below and use the link to go to the credit union-specific comment area. The NCUA will post your name along with your comments. As a result, do not include any personally identifiable information in your submitted comments or attachments.