The credit union revised your Membership Account Agreement and Disclosures due to the rapidly evolving technologies and related issues, rampant fraudulent activities, burdensome regulatory requirements, and litigation exposure. Please read the whole of your Agreement which can be found on our website. We will provide you a printed copy, if you wish, by contacting the credit union at a branch office or by telephone at 800.336.6309, or by mailing us your request. While minor verbiage changes may occur throughout the agreement, this Change of Terms notice indicates additions or substantial changes that are taking effect. This change takes effect 45 days after 11/01/2024, which is the date this Change of Terms notice is provided to all members.
THIS AGREEMENT IS SUBJECT TO ARBITRATION UNDER THE STATE LAWS AS STATED IN THE SECTION, HEREIN, TITLED “RESOLVING CLAIMS” AND IS SUBJECT TO ARBITRATION PURSUANT TO SECTION 15-48-10 ET AL OF THE SOUTH CAROLINA CODE OF LAWS. THIS SECTION, BEGINNING ON PAGE 26 OF THIS AGREEMENT, EXPLAINS ANY OPT-OUT RIGHTS YOU MAY HAVE AND STEPS TO EXERCISE SUCH RIGHTS.
Reassignment of Account Numbers, Access Devices, and Related Matters: If we suspect fraud, illegal or improper activity, or if we have any legitimate need to make changes pursuant to Credit Union policies or operational requirements; we may, at our discretion, transfer your existing account(s) to replacement account(s) with a new account number(s). We may also make this reassignment when your account is reported compromised by you. If we issue you a replacement account number(s), all terms of this agreement will continue to apply, without interruption, as if you retained the discontinued account number(s). We may also reissue new access devices and require you to change access via usernames, passwords, and other actions as deemed necessary to accomplish the purposes for any reassignment hereunder. You agree that this will not create a new customer relationship and our existing relationship will continue uninterrupted with this reassignment.
Greenville County School District High School Student Memberships: Special membership shares and checking accounts are available for all Greenville County School District High School students. These accounts are designed to serve only minors in these high schools with basic account services promoting thrift, financial literacy, and responsibility. Unlike Minor/Youth accounts noted, above, these accounts do not require an adult’s authorization or ownership to open. Par Value for these memberships is $5 instead of the usual $25. Upon reaching the age of majority, account owners may be required to sign membership agreements as an adult to continue using the account(s). Additionally, the Par Value will increase from $5 to $25.
Partial Debit Card Transactions: Some merchants may be enrolled in Visa’s Partial Authorization service. This means that if you chose ‘No’ to ATM and Debit Card Overdraft Service, your transaction may be approved for only part of your total purchase amount. This occurs when you do not have a sufficient Available Balance, necessary to pay for the entire transaction, at the time of the purchase. Additionally, funds from your designated account(s) linked for Overdraft Protection (if applicable) may be considered when determining the amount that is authorized. For example, if you attempt a $30.00 transaction when your account has an Available Balance of $20.00, your purchase may be approved for $20.00 instead of the entire transaction being declined.
Par Value Requirements: The Par Value of a membership share, which must be fully paid to become a member or maintain membership or to receive and maintain any accounts or services with us, is $25. The sum of your membership share shall be paid into and retained in your membership share savings account. For Youth and Student Memberships, this amount is $5. When you turn 18, your membership will be converted to a General Membership, and the Par Value will change from $5 to $25.
Your accepting and agreeing to the revised terms will be shown by your continued use of any existing or new account(s) or services after the effective date. If you do not wish to accept this change you may close your accounts and services prior to the effective date.