Privacy & Disclosures

Membership & Account Agreement

This Agreement covers the rights and responsibilities concerning your Accounts and the rights and responsibilities of the credit union providing this agreement (Credit Union).  In this Agreement, the words “you” and “yours” mean anyone who signs an account card or account change card (Account Card or any account opening document).  The words “we,” “us,” and “our” mean the Credit Union.  The word “account” means anyone or more share or other accounts you have with the Credit Union. 

Your account type(s) and ownership features are designated on your Account Card.  By signing an Account Card, each of you, jointly and severally, agree to the terms and conditions in this Agreement and Account Card, the Funds Availability Policy Disclosure, Truth-in-Savings Disclosure, Electronic Funds Transfer Agreement and Disclosure, Privacy Notice Disclosure and any Account Receipt accompanying this Agreement, and the Credit Union’s Bylaws and policies, and any amendments to these documents from time to time which collectively govern your Membership and Accounts.

1.         Membership Eligibility – To join the Credit Union you must meet the membership requirements including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s Bylaws.  You authorize us to check your account, credit, and employment history, and obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.

2.        Individual Accounts – An individual account is an account owned by one member (individual, corporation, partnership, trust or other organization) qualified for credit union membership.  If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of the Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death and to any security interest or pledge granted by the account owner and subject to our statutory lien rights.

3.        Joint Account – An account owned by two or more persons is a joint account.

a.        Rights of Survivorship.  Unless otherwise stated on the Account Card, a joint account includes rights of survivorship.  This means when one owner dies, all sums in the account will pass to the surviving owner(s).  For a joint account without rights of survivorship, the deceased owner’s interest passes to his or her estate.  A surviving owner’s interest is subject to the Credit Union’s statutory lien of the deceased owner, even if a surviving owner did not consent to it.

b.        Control of Joint Accounts.  Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account matters.  Each owner guarantees the signature of any other owner(s).  Any owner may withdraw all funds, stop payment on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s).  We have no duty to notify any owner(s) about any transaction.  We reserve the right to require written consent of all owners for any change to or termination of an account.  If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners to act.

c.        Joint Account Owner Liability.  If an item deposited in a joint account is returned unpaid, a joint account is overdrawn, or if we do not receive final payment on a transaction, the owners, jointly and severally, are liable to us for the amount of the returned item, overdraft, or unpaid amount, and any charges, regardless of who initiated or benefited from the transaction.  If any account owner is indebted to us, we may enforce our rights against any account of the indebted owner, including all funds in the joint account regardless of who contributed the funds in the account.

4.        POD/Trust Account Designations – A Payable on Death (POD) account or trust account designation is an instruction to the Credit Union that an individual or joint account so designated is payable to the owner(s) during his, her or their lifetimes and, when the last account owner dies, payable to all surviving POD or trust beneficiary/payees.  If there is more than one surviving beneficiary/payee, the account is owned jointly by such beneficiaries/payees without rights of survivorship upon the death of the last account owner.  Any POD or trust beneficiary/payee designation shall not apply to Individual Retirement Accounts (IRAs).  We are not obligated to notify any beneficiary/payee of the existence of any account or the vesting of the beneficiary/payee’s interest in any account, except as otherwise provided by law.  This paragraph does not apply to an account held on behalf of or held in the name of a trust.

5.        Accounts For Minors – We may require any account established by a minor to be a joint account with an owner who has reached the age of majority under state law and who shall be jointly and severally liable to us for any returned item, overdraft, or unpaid charges or amounts on such account.  We may pay funds directly to the minor without regard to his or her minority.  Unless a guardian or parent is an account owner, the guardian or parent shall not have any access rights.  We have no duty to inquire about the use or purpose of any transaction.  We will not change the account status when the minor reaches the age of majority, unless authorized in writing by all account owners.

6.        Uniform Transfers/Gifts to Minors Account – A Uniform Transfers/gifts to Minors Account (UTTMA/UGMA) is an individual account created by a custodian who deposits funds as an irrevocable gift to a minor.  The minor to whom the gift is made is the beneficiary of the custodial property in the account.  The custodian has possession and control of the account for the exclusive right and benefit of the minor and barring a court order otherwise, is the only party entitled to make deposits, withdrawals, or close the account.  We have no duty to inquire about the use or purpose of any transaction.  If the custodian dies, we may suspend the account, until we receive instructions from any person authorized by law to withdraw funds or a court order authorizing withdrawal.

7.        Agency Designation on an Account – An agency designation on an account is an instruction to us that the owner authorizes another person to make transactions as agent for the account owner regarding the accounts designated.  An agent has no ownership interest in the account(s) or Credit Union voting rights.  We have no duty to inquire about the use or purpose of any transaction made by the agent.

8.        Deposit of Funds Requirements – Funds may be deposited to any account, in any manner approved by the Credit Union in accordance with the requirements as set forth in the Truth-9n-Savings Disclosure.  Deposits made by mail, at night depositories, or at unstaffed facilities are not our responsibility until we receive them.  We reserve the right to refuse or to return any deposit.

a.        Endorsements.  We may accept transfers, checks, drafts, and other items for deposit into any of your accounts if they are made payable to, or to the order of, one or more account owners even if they are not endorsed by all payees.  You authorize us to supply missing endorsements of any owners if we choose.  If a check, draft, or item that is payable to two or more persons is ambiguous as to whether it is payable to either or both, we may process the check, draft or item as though it is payable to either person.  If an insurance, government, or other check or draft requires an endorsement, we may require endorsement as set forth on the item.  Endorsements must be made on the back of the share draft or check within 1 ½ inches from the top edge, although we may accept endorsements outside this space.  However, any loss we incur from a delay or processing error resulting from an irregular endorsement or other markings by you or any prior endorser will be your responsibility.

b.        Collection of Items.  We act only as your agent and we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care.  We are not liable for the negligence of any correspondent or for loss in transit, and each correspondent will only be liable for its own negligence.  We may send any item for collection.  Items drawn on an institution located outside the United States are handled on a collection basis only.  You waive any notice of nonpayment, dishonor, or protest regarding items we purchase or receive for credit or collection to your account.  We reserve the right to pursue collection of previously dishonored items at any time.  Including giving a payor bank extra time beyond any midnight deadline limits.

c.        Restrictive Legends.  Some checks and drafts contain restrictive legends or similar limitations on the front of the item.  Examples of restrictive legends include “two signatures required”, “void after 60 days”, or “not valid over $500.”  We are not liable for payment of any check or draft contrary to a restrictive legend or other limitation contained in or on the item unless we have specifically agreed in writing to the restrictions or limitations.

d.        Final Payment.  All items or Automated Clearing House (ACH) transfers credited to your account are provisional until we receive final payment.  If final payment is not received, we may charge your account for the amount of such items or ACH transfers and impose a return item charge on your account.  Any collection fees we incur may be charged to your account.  We reserve the right to refuse or return any item or funds transfer.

e.        Direct Deposits.  We may offer preauthorized deposits (e.g., payroll checks, Social Security or retirement checks, or other government checks) or preauthorized transfers from other accounts.  You must authorize direct deposits or preauthorized transfers by filling out a separate form.  You must notify us at least thirty (30) days in advance to cancel or change a direct deposit or transfer option.  If your account is overdrawn, you authorize us to deduct the amount your account is overdrawn from any deposit, including deposits of government payments or benefits.  Upon a bankruptcy filing, unless you cancel the authorization, we will continue applying payment from direct deposits in accordance with your authorization on file with us.  If we are required to reimburse the U.S. Government for any benefit payment directly deposited into your account, we may deduct the amount returned from any of your accounts, unless prohibited by law.

f.         Crediting of Deposits.  Deposits made after the deposit cut-off time and deposits made on either holidays or days that are not our business days will be credited to your account on the next business day.

9.        Account Access –

a.        Authorized Signature.  Your signature on the Account Card authorizes your account access.  We will not be liable for refusing to honor any item or instruction if we believe the signature is not genuine.  If you have authorized the use of a facsimile signature, we may honor any check or draft that appears to bear your facsimile signature even if it was made by an unauthorized person.  You authorize us to honor transactions initiated by a third person to whom you have given your account number even if you do not authorize a particular transaction.

b.        Access Options.  You may withdraw or transfer funds from your account(s) in any manner we permit (e.g., at an automated teller machine, in person, by mail, internet access, automatic transfer, or telephone, as applicable).  We may return as unpaid any check or draft drawn on a form we do not provide, and you are responsible for any loss we incur handling such a check or draft.  We have the right to review and approve any form of power of attorney and may restrict account withdrawals or transfers.  We are under no obligation to honor any power of attorney.

c.        Credit Union Examination.  We may disregard information on any check or draft, other than the signature of the drawer, the amount, and any magnetic encoding.  You agree we do not fail to exercise ordinary care in paying an item solely because our procedures do not provide for sight examination of items.

10.     ACH & Wire Transfers – Except as amended by this Agreement, electronic funds transfers we permit that are subject to Article 4A of the Uniform Commercial Code will be subject to such provisions of the Uniform Commercial Code as enacted by the state of Iowa.  We may execute certain requests for electronic funds transfers by Fedwire.  Fedwire transactions are subject to Federal Reserve Board Regulation J.  You may order electronic funds transfers to or from your account.  We will debit your account for the amount of an electronic funds transfer and will charge your account for any fees related to the transfer.  Unless we agree otherwise in writing, we reserve the right to refuse to execute any order to transfer funds to or from your account.  We are not obligated to execute any order to transfer funds out of your account if the amount of the requested transfer plus applicable fees exceeds the available funds in your account.  We are not liable for errors, delays, interruptions or transmission failures caused by third parties or circumstances beyond our control including mechanical, electronic, or equipment failure.  We will not provide you with net day notice of ACH, wire transfers, and other electronic payments credited to your account.  You will receive notice of such credits on your account statements.  You may contact us to determine whether a payment has been received.  If we are required by law to pay you interest, we will pay you interest based on the lowest nominal dividend or interest rate we paid on any accounts during the period for which we owe you interest.  Payment orders we accept will be executed within a reasonable time of receipt.  A payment order may not necessarily be executed on the date it is received.  Cut-off times may apply to the receipt, execution and processing of funds transfers, payment orders, cancellations, and amendments and if received after cut-off time, may be treated as having been received on the next following funds transfer business day.  Information about any cut-off times is available upon request.  When you initiate a wire transfer, you may identify the recipient and any financial institution by name and by account or identifying number.  The Credit Union and any other financial institutions facilitating the transfer may rely strictly on the account or identifying number even if the number identifies a different person or financial institution.  Any account owner may amend or cancel a payment order even if that person did not initiate the order.  We may refuse requests to amend or cancel a payment order that we believe will expose the Credit Union to liability or loss.  Any request to amend or cancel a payment order that we accept will be processed within a reasonable time after it is received.  You agree to hold us harmless from and indemnify us for all losses and expenses resulting from any actual or attempted amendment or cancellation of a payment order.  We may require you to follow a security procedure to execute a payment order or certain electronic funds transfer transactions.  We will notify you of any such security procedures and you agree that our security procedures are commercially reasonable.

11.     Account Rates and Fees – We pay account earnings and assess fees against your account as set forth in the Truth-In-Savings Disclosure.  We may change the Truth-in-Savings Disclosure at any time and will notify you as required by law.

12.     Transaction Limitations –

a.        Withdrawal Restrictions.  We will pay checks or drafts, permit withdrawals and make transfers from your account from available funds in your account.  The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure.  We may also pay checks, drafts, permit withdrawals and make transfers from your account from insufficient available funds if you have established an overdraft protection plan or, if you do not have a plan with us, according to our overdraft payment policy.  We refuse to allow a withdrawal in some situations, and will advise you accordingly; for example: (1) a dispute between account owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; or (5) you fail to repay a Credit Union loan on time.  We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals

b.        Transfer Limitations.  We may limit the dollar amount or the number of transfers from your account.  Please consult your Truth-in-Savings Disclosure or your Electronic Funds Transfer Agreement and Disclosure.

13.     Certificate Accounts – Any time deposit, term share, share certificate, or certificate of dep0sit account allowed by state law (Certificate Account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure and Account Deposit Receipt for each account, the terms of which are incorporated herein by reference.

14.     Overdrafts –

a.        Payment of Overdrafts.  If, on any day, the funds in your share or deposit account are not sufficient to pay the full amount of a check, draft, item, transaction or other items posted to your account plus any applicable fee (“Overdraft”), we may pay or return the Overdraft.  The Credit Union’s determination of an n insufficient available account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required.  We do not have to notify you if your account does not have sufficient available funds to pay an Overdraft.  Your account may be subject to a charge for each Overdraft regardless of whether we pay or return the Overdraft.  Except as otherwise agreed in writing, if we exercise our right to use our discretion to pay an Overdraft, we do not agree to pay Overdrafts in the future and may discontinue covering Overdrafts at any time without notice.  If we pay an Overdraft or impose a fee that overdraws your account, you agree to pay the overdrawn amount in accordance with our overdraft protection plan or, if you do not have such a plan, in accordance with our overdraft policy.

b.        Order of Payment.  Checks, drafts, items and other transactions may be processed in the order that you make them or in the order that we receive them.   We may, at our discretion, pay a check, draft or item and execute other transactions on your account in any order we choose.  The order in which we process checks, drafts, and items and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account.  Please contact us if you have questions about how we pay checks and drafts and process transfers and withdrawals.

15.     Postdated and Stale-dated Drafts – You agree not to issue any check or draft that is postdated.  If you do issue a check or draft that is payable on a future date and we pay it before that date, you agree that we shall have no liability to you for payment.  You agree not to deposit checks, drafts, or other items before they are properly payable.  We are not obligated to pay any check or draft drawn on your account that is presented more than six (6) months past its date.

16.     Stop Payment Orders –

a.        Stop Payment Order Request.  Any owner may request a stop payment order on any check or draft drawn on the owner’s account.  To be binding the order must be in writing, dated, signed, and must accurately describe the check or draft including the exact account number, check or draft number and the exact amount of the check or draft.  This exact information is necessary for the Credit Union’s computer to identify the check or draft.  In addition, we must receive sufficient advance notice of the stop payment order to allow us a reasonable opportunity for us to act on it.  If we re-credit your account after paying a check or draft over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to assign to us all of your rights against the payee or other holders of the check or draft and to assist us in any legal action.

b.        Duration of Order.  You may make an oral stop payment order which will lapse within fourteen (14) calendar days unless confirmed in writing within that time.  Stop payment orders are effective for six (6) months and may be renewed in additional six (6) month periods by requesting in writing that the stop payment order be renewed within a period which the stop payment order is effective.  We are not required to notify you when a stop payment order expires.

c.        Liability.  Fees for stop payment orders are set forth in the Truth-in-Savings Disclosure.  You may not stop payment on any certified check, cashier’s check, teller’s check, or any other check, draft, or payment guaranteed by us.  Although payment of an item may be stopped, you may remain liable to any item holder, including us.  You agree to indemnify and hold the Credit Union harmless from all costs, including attorney’s fees, damages, or claims related to our refusing payment of an item, including claims of any joint account owner, payee, or endorsee in failing to stop payment of an item as a result of incorrect information provided by you.

17.     Credit Union Liability – If we do not properly complete a transaction according to this Agreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law.  We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by yours or another financial institution’s negligence; or (4) your account funds are subject to legal process or other claim.  We will not be liable for consequential damages, except liability for wrongful dishonor.  We exercise ordinary care if our actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearinghouse rules, and general banking practices followed in the area we serve.  You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and terms of this Account Agreement.  Any conflict between what you or our employees may say or write will be resolved by reference to this Agreement.

18.     Checks Presented for Payment in Person – We may refuse to accept any check or draft drawn on your account that is presented for payment in person.  Such refusal shall not constitute a wrongful dishonor of the check or draft and we shall have no liability for refusing payment.

19.     Pledge/Statutory Lien – Unless prohibited by law, you pledge and grant as security for all obligations you may have now or in the future, except obligations secured by your principal residence, all shares and dividends and all deposits and interest, if any, in all accounts you have with us now and in the future.  If you pledge a specific dollar amount in your account for a loan, we will freeze the funds in your account(s) to the extent of the outstanding balance of the loan or, if greater, the amount of the pledge if the loan is a revolving loan.  Otherwise, funds in your pledged account(s) may be withdrawn unless you are in default.  Federal or state law, depending on whether we have a federal or state charger, gives us a lien on all shares and dividends and all deposits and interest, if any, in accounts you have with us now and in the future.  Except as limited by state or federal law the statutory lien gives us the right to apply the balance of all your accounts to any obligation on which you are in default.  After you are in default, we may exercise our statutory lien rights without further notice to you.  Your pledge and our statutory lien rights will allow us to apply the funds in your account to what you owe when you are in default, except as limited by state or federal law.  If we do not apply the funds in your account(s) to satisfy your obligation, we may place an administrative freeze on your account(s) in order to protect our statutory lien rights and may apply the funds in your account(s) to the amount you owe us at a later time.  The statutory lien and your pledge do not apply to any Individual Retirement Account or any other account that would lose special tax treatment under state or federal law if given as security.  By not enforcing our right to apply funds in your account to your obligations that are in default, we do not waive our right to enforce these rights at a later time.

20.     Legal Process – If any legal action is brought against your account, we may pay out funds according to the terms of the action or refuse any payout until the dispute is resolved.  Any expenses or attorney fees we incur responding to legal process may be charged against your account without notice, unless prohibited by law.  Any legal process against your account is subject to our lien and security interest.

21.     Account Information – Upon request, we will give you the name and address of each agency from which we obtain a credit report regarding your account.  We agree not to disclose account information to third parties except when: (1) it is necessary to complete a transaction, (2) the third party seeks to verify the existence or condition of your account in accordance with applicable law; (3) such disclosure complies with the law or a government agency or court order; or (4) you give us written permission.

22.     Notices –

a.        Name or Address Changes.  You are responsible for notifying us of any address or name change.  The Credit Union is only required to attempt to communicate with you at the most recent address you have provided to us.  We may require all names and address changes to be provided in writing.  If we attempt to locate you, we may impose a service fee as set forth in the Truth-in-Savings Disclosure.

b.        Notice of Amendments.  Except as prohibited by applicable law, we may change the terms of this Agreement.  We will notify you of any material changes in terms, rates, or fees as required by law.  We reserve the right to waive any term in this Agreement.  Any such waiver shall not affect our right to future enforcement.

c.        Effect of Notice.  Any written notice you give us is effective when we receive it.  Any written notice we give to you is effective when it is deposited in the U.S. Mail, postage prepaid, and addressed to you at your statement mailing address.  Notice to any account owner is considered notice to all account owners.

23.     Telephone Recording – The member(s) acknowledges, agrees, and consents on behalf of themselves and their agents that Aegis Credit Union may monitor and record telephone conversations at any time without further notice to the parties to such conversations.  The decision to record any conversation shall be solely in Aegis Credit Union’s discretion, and Aegis shall have no liability for doing so or failing to do so.

24.     Taxpayer Identification Numbers and Backup Withholding – Your failure to furnish a correct Taxpayer Identification Number (TIN) or meet other requirements may result in backup withholding.  If your account is subject to backup withholding, we must withhold and pay to the Internal Revenue Service (IRS) a percentage of dividends, interest, and certain other payments.  If you fail to provide your TIN, we may suspend opening your account.

25.     Statements –

a.        Contents.  If we provide a periodic statement for your account, you will receive a periodic statement of transactions and activity on your account during the statement period as required by applicable law.  If a periodic statement is provided, you agree that only one statement is necessary for joint accounts.  For share draft or checking accounts, you understand and agree that your original check or draft, when paid, becomes property of the Credit Union and may not be returned to you, but copies may be retained by us and made available upon your request.  You understand and agree that statements are made available to you on the date they are sent to you.  You also understand and agree that checks, drafts or copies thereof are made available to you on the date the statement is sent to you, even if the checks or drafts do not accompany the statement.

b.        Examination.  You are responsible for promptly examining each statement upon receiving it and reporting any irregularities to us.  If you fail to report any irregularities such as forged, altered, unauthorized, unsigned, or otherwise fraudulent items drawn on your account, erroneous payments or transactions, or other discrepancies reflected on your statement within a reasonable time of receiving your statement, we will not be responsible for your loss.  In addition, we will not be responsible for any such items, payments, transactions or other discrepancies reflected on your statement if you fail to notify us within thirty-three (33) days of the mailing date of the statement.  We also will not be liable for any items that are forged or altered in a manner not detectable by a reasonable person, including the unauthorized use of a facsimile signature machine.

c.        Notice to Credit Union.  You agree that the Credit Union’s retention of checks or drafts does not alter or waive your responsibility to examine your statements or the time limit for notifying us of any errors.  The statement will be considered correct for all purposes and we will not be liable for any payment made or charge to your account unless you notify us in writing within the above time limit for notifying us of any errors.  If you fail to receive a periodic statement, you agree to notify us within fourteen (14) days of the time you regularly receive a statement.

26.     Inactive Accounts – If your account falls below any applicable minimum balance and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant.  Unless prohibited by applicable law, we may charge a service fee as set forth in the Truth-in-Savings Disclosure for processing your inactive account.  If we impose a fee, we will notify you, as required by law, at your last known address.  You authorize use to transfer funds from another account of yours to cover any service fees, if applicable.  To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements.  If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned.  Funds in abandoned accounts will be reported and remitted in accordance with state law.  Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

27.     Special Account Instructions – You may request that we facilitate certain trust, will, or court-ordered account arrangements.  However, because we do not give legal advice, we cannot counsel you as to which account arrangement most appropriately meets the specific requirements of your trust, will, or court order.  If you ask us to follow any instructions that we believe might expose us to claims, lawsuits, expenses, liabilities, or damages, whether directly or indirectly, we may refuse to follow your instructions or may require you to indemnify us or post a bond or provide us with other protection.  Account changes requested by you, or any account owner, such as adding or closing an account or service, must be evidenced by a signed account change form and accepted by us.

28.     Termination of Account – We may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if: (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the account or of the funds in the account; (4) any checks or drafts are lost or stolen; (5) there are excessive returned unpaid items not covered by an overdraft protection plan; (6) there has been any misrepresentation or any other abuse of any of your accounts; or (7) we reasonably deem it necessary to prevent a loss to us.  You may terminate an account by giving written notice.  We reserve the right to require the consent of all owners to terminate a joint account.  We are not responsible for payment of any check, draft, withdrawal, or other item after your account is terminated; however, if we pay an item after termination, you agree to reimburse us.

29.     Termination of Membership – You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share, if any, and closing all your accounts.  You may be denied services for causing a loss to the Credit Union or may be expelled for any reason as allowed by applicable law.

30.     Death of Account Owner – We may continue to honor all transfer orders, withdrawals, deposits and other transactions on an account until we know of a member’s death.  Once we know of a member’s death, we may pay drafts or honor payments or transfer orders authorized by the deceased member for a period of ten (10) days after the date unless we receive instructions from any person claiming an interest in the account to stop payment on the drafts or other items. We may require anyone claiming a deceased owner’s account funds to indemnify us for any losses resulting from our honoring that claim.  This Agreement will be binding upon any heirs or legal representatives of any account owner.

31.     Severability – If a court holds any portion of this Agreement to be invalid or unenforceable, the remainder of this Agreement shall not be invalid or unenforceable and will continue tin full force and effect.  All headings are intended for reference only and are not to be construed as a part of the Agreement.

32.     Enforcement – You are liable to us for any loss, cost or expense we incur resulting from your failure to follow this agreement.  You authorize us to deduct any such losses, costs or expenses from your account without prior notice to you.  If we bring a legal action to collect any amount due under or to enforce this Agreement, we shall be entitled, subject to applicable law, to payment of reasonable attorney’s fees and costs, including fees on any appeal, bankruptcy proceedings, and any post-judgment collection actions.

33.     Governing Law – This Agreement is governed by the Credit Union’s Bylaws, federal laws and regulations, the laws, including applicable principles of contract law, and regulations of the state of Iowa, and local clearinghouse rules, as amended from time to time.  As permitted by applicable law, you agree that any legal action regarding this Agreement shall be brought in the county in which the Credit Union is located.

34.     Negative Information Notice – We may report information about your loan, share, or deposit accounts to credit bureaus.  Late payments, missed payments, or other defaults on your account may be reflected in your credit report and may affect your credit and credit score(s).

Top of Disclosures

Truth-In-Savings Disclosure

Rate & Fee Disclosure Table

Effective Date AnnualMinimumMinimumMinimumDividends 
11/15/2009DividendPercentageOpeningBalance ToBalance ToCompoundedDividend
Account TypeRateYieldBalanceEarn APYAvoid Fee& CreditedPeriod
Member Share Account0.25%0.25% $   25.00 $     25.00 $   25.00QuarterlyQuarterly
Secondary Share Account0.25%0.25% $   25.00 $     25.00 $   25.00QuarterlyQuarterly
You Name It Savings0.25%0.25% $     5.00 $       5.00 QuarterlyQuarterly
IRA Share Account0.25%0.25% $     5.00 $       5.00 QuarterlyQuarterly
Kirby Club Account0.25%0.25% $     5.00 $       5.00 QuarterlyQuarterly
Vacation Club Account0.25%0.25% $     5.00 $       5.00 QuarterlyQuarterly
Christmas Club Account0.25%0.25% $     5.00 $       5.00 AnnuallyAnnually
(Rate as of 09-30-09) (Rate Determined at end of dividend period)  10-1 to 09-30
FREE Checking Account0.00%0.00% $               –   $                 –   MonthlyMonthly
Senior Checking Account0.00%0.00% $               –   $                 –   MonthlyMonthly
Money Market Share Account   $ 3,000.00 $ 3,000.00MonthlyMonthly
$.01 to $ 2,999.990.00%0.00%  $            –     
$ 3,000 to $ 9,999.990.25%0.25%  $  3,000.00   
$ 10,000 to $ 24,999.990.25%0.25%  $10,000.00   
$ 25,000 and over0.30%0.30%  $25,000.00   
Certificates & IRA CDs **   $  1,000.00  MonthlyMonthly
6 Months0.25%0.25%  $ 1,000.00   
12 Months0.25%0.25%  $ 1,000.00   
24 Months0.35%0.35%  $ 1,000.00   
36 Months0.40%0.40%  $ 1,000.00   
48 Months (Certificates Only)0.50%0.50%  $ 1,000.00   
60 Months (Certificates Only)0.65%0.655%  $ 1,000.00   
** CDs offered with $500.00 minimum balance for members age 18 – 21
** CDs offered with $250.00 minimum balance for members age 00 – 13
** CDs/IRAs over $100,000 may be offered a higher negotiated rate
** See “Savings” Page for CD Specials with One-Time Special Rates/Terms


Top of Disclosures

Truth-In-Savings Disclosures

The following disclosures apply to all accounts unless otherwise noted.

1.        Rate Information

The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For all accounts, the Dividend Rates and Annual Percentage Yields are the rates and yield as of the last dividend declaration date, which is set forth in the Rate Schedule.  The Money Market Account is a tiered rate account.  If your Average Daily Balance is $9.999.99 or below and above $2,999.99, the Second Dividend Rate and Annual Percentage Yield will apply.  If your Average Daily Balance is $24,999.99 or below and above $9,999.99, the Second Dividend Rate and Annual Percentage Yield will apply.  If your Average Daily Balance is over $24,999.99, the Third Dividend Rate and Annual Percentage Yield will apply.  Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.

2.       Nature of Dividends

Dividends are paid from current income and available earnings after required transfers to reserves and other expenses are paid at the end of the Dividend Period.

3.       Compounding and Crediting

The compounding and crediting frequency of dividends and the Dividend Period applicable to each account are stated in the Rate Schedule.  The Dividend Period is the period of time at the end of which an account earns dividend credit.  The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

4.       Accrual of Dividends

Dividends begin to accrue on noncash deposits such as checks, on the business day you make the deposit to your account.  If you close your account before accrued dividends are credited, accrued dividends will not be paid.  If you reduce the balance of an account below the minimum required balance you may be forced to close the account and will not be paid accrued dividends.

5.       Balance Information

To open any account you must deposit or already have on deposit at least the par value of one full share in the Primary Share Account.  The par value amount is stated in the Fee Schedule.  Some accounts may have additional minimum opening deposit requirements as stated in the Rate Schedule.  For accounts using the Average Daily Balance method, dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the Dividend Period.  The Average Daily Balance is calculated by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

6.       Account Limitations

(Except Checking Accounts)  No more than six pre-authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three of these six transfers may be made by check, draft, or debit card to a third party.  If you exceed these limitations your account may be subject to a fee or be closed.  For a Christmas Club Account, the entire balance will be paid to you by check or transferred to another account of yours on or about October 15 and the account will remain open.  If any withdrawal is made from this account before the end of the club term, you may be charged a withdrawal fee of $5.00 for each withdrawal.

7.       Fees for Overdrawing Accounts

Fees may be imposed on each check, draft, item, ATM card withdrawal, debit card point of sale purchase, preauthorized debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.  The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft, or item.  You may consult the Funds Availability Policy for information regarding the availability of funds in your account.  Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item, or transaction.  A draft or debit that is returned more than once may incur more than one fee. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit.  Please refer to the Fee Schedule for current fee information.

8.       Certificate of Deposit and IRA Certificate of Deposit Features

a.        Account Limitations

After your account is opened, you may not make additional deposits to a Certificate Account unless agreed to in writing at the time of opening.  You may make withdrawals from dividends that have been credited to the account since the later of the opening or last renewal of the Certificate.

b.       Dividend Period

Unless otherwise stated on your certificate, Certificate dividends will be calculated and paid each month on the last day of the month.

c.        Maturity

Your Certificate Account will mature on the maturity date set forth on your Certificate or on your Renewal Notice.

d.       Early Withdrawal Penalty

We may impose a penalty if you withdraw any of the principle of your Certificate Account before the maturity date.  That penalty may vary.

                 i.      Amount of Penalty.  The amount of the early withdrawal penalty is equal to 120 days dividends calculated on the amount withdrawn unless the certificate is for less than 13 months, in which case the penalty is equal to 90 days dividends.  If your Certificate has not yet earned that amount of interest, your penalty will reduce your principle.

                 ii.      How the Penalty Works.  The penalty is calculated as a forfeiture of part of the interest that has been or would be earned at the nominal interest rate on the account.  It applies whether or not the interest has been earned and paid.  In other words, if the account has not yet earned enough interest or if the interest has already been withdrawn, the penalty will be deducted from the principle.

                iii.      Exceptions to Early Withdrawal Penalties.  At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances. When an account owner dies or is declared legally incompetent by a court or other body of competent jurisdiction.

e.       Renewal Policy

Certificate Accounts are automatically renewable accounts unless otherwise stated on the certificate form.  Automatically renewable accounts will renew on the maturity date of the account.  The renewal period will be the same as the original certificate period unless the original Certificate Account was issued with a special term that we do not always offer.  Should that be the case, the renewal period will be the closest regular term that we offer.  For example, a Special 13 month Certificate would renew as a 12 Month Certificate if allowed to renew automatically.  You will have a ten (10) day grace period after maturity in which to withdraw funds from the account without being charged an early withdrawal penalty.

f.         Your account is nontransferable and nonnegotiable.  The funds in your account may not be pledged to secure any obligation of an owner, except obligations with Aegis Credit Union, unless agreed to by Aegis Credit Union and evidenced in writing.

Top of Disclosures

Charges & Fee Schedule

Checking Account Monthly Service Fee………………………………………………….. $  FREE

Debit Card Monthly Maintenance Charge………………………………………………..$  FREE

ATM/Debit Transactions at Aegis ATMs (Six ATMs in Clinton)………….. $  FREE

First 10 Monthly ATM/Debit Card Inquiries/Withdrawals……………………. $  FREE

ATM/Debit Card Inquiries/Withdrawals …………………………………………………. $   FREE

ATM Deposits………………………………………………………………………………………………. $  FREE

Debit Card Purchases………………………………………………………………………………….. $  FREE

Telephone Transfers…………………………………………………………………………………… $  FREE

Teller Transactions (Many Banks Now Charge a Fee!)………………………….. $  FREE

Draft/Check Registers………………………………………………………………………………… $  FREE

Per-Item overdraft Non-sufficient Funds (NSF) Paid………………………….. $ 10.00

Per-Item overdraft Non-sufficient Funds (NSF) Returned………………….. $ 10.00

MICR Unreadable Drafts (Not Ordered Through Aegis)………………………… $ 15.00

Inactive Debit/ATM/MasterCard (after 90 days)……………………………………. $   3.00

Upon Request NSF fees paid by Noon are reduced by……………………………. $  -3.00

Stop Payment on Member Drafts or ACH……………………………………………….. $ 19.50

Deposit Items Returned Unpaid………………………………………………………………. $ 15.00

Overdraft Transfers (1st one free each month)……………………………………… $   1.50

Each Periodic Duplicate Account Statement (Per Month of report)….. $   3.95

Copy of Cleared Drafts (We Print Both Sides)………………………………………. $   2.95

Copy of Cleared Corporate Drafts………………………………………………………….. $   4.95

Wire Transfers (Domestic)……………………………………………………………………… $ 19.00

Wire Transfers (Foreign)………………………………………………………………………… $ 45.00

Loan Payment Book…………………………………………………………………………………. $   5.00

Early Account Closure (Open Less Than6 Months)…………………………….. $ 25.00

Public Fax, Incoming/Outgoing First Page (Extra Pages $ 0.50 each)$   1.00

ATM/Debit/Credit Card Replacement……………………………………………………. $ 12.50

Rushed Card Service (Two Days)……………………………………………………………. $ 45.00

Check Printing Costs Vary According to Style & Quantity…………………….. N/A

Credit Union Corporate Drafts……………………………………………………………….. $   2.00

Credit Union Corporate Drafts…if we mail them for you……………………. $   3.00

Undeliverable Statement/Address Correction (Per Occurrence)……….. $   4.00

Transaction Receipts if Mailed……………………………………………………………….. $   1.50

Account Research (Items > 6 Months) Per Hour…Charged in ¼ hour increments………………………………………………………………………………………………… $ 36.00

Garnishments / Levies (Varies by type) Up To…………………………………….. $ 50.00

Copies of Security Tapes (Per Time Period Covered)………………………….. $ 95.00

Copies of items from current files (Per Page)……………………………………… $   0.25

Force-Close or Suspend Checking / Debit / ATM Privileges……………… $ 20.00

Reinstate Suspended Checking/Debit/ATM Privileges………………………. $ 12.00

Inactive Account (after 12 months) per Dividend Cycle…………………….. $   5.00

Bulk Change Count…………………………………………………………………………………. %   2.00

Stop Payment of Corporate Drafts……………………………………………………….. $ 35.00

VISA Late Payment Charge……………………………………………………………………. $ 15.00

VISA Over-Limit Charge……………………………………………………………………….. $ 15.00

VISA Copy of Receipt…………………………………………………………………………….. $ 10.50

VISA Copy of Statement……………………………………………………………………….. $ 10.50

VISA Cash Advance Fee………………………………………………………………………… %   3.00

Visa Foreign Transaction Charge (% of Transaction Amount)……… %   1.00

Top of Disclosures

Consent Form Overview for Overdraft Services

What You Need To Know About Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account ot cover a transaction, but we pay it anyway.  We can cover your overdrafts in two different ways:

1.       We have standard overdraft practices that come with your account.

2.       We also offer overdraft protection plans, such as a link to your savings account(s), which may be less expensive than our standard overdraft practices.  To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

·         Checks and other transactions made using your checking account number

·         Automatic bill payments

·         Cash withdrawals made in person

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

·         ATM transactions

·         Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if the credit union pays my overdraft?

Under our standard overdraft practices:

·         We will charge you a fee of up to the amount shown in our Fee Disclosure, (currently $10.00), each time we pay an overdraft. If a draft is presented for payment more than once, you may be charged a fee more than once.

·         Also, if your account is overdrawn for 45 or more consecutive days, we will charge you interest at an annual percentage rate (APR) of 21.00% APR.

·         There is no limit on the total fees we can charge you for overdrawing your account.

What if I want the credit union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below and present it at any Aegis Credit Union branch or mail it to: Aegis Credit Union, 1200 N 2nd St., Clinton, IA 52732.

What if, at a later date, I change my mind?

Whether you opt in or out at this time, you may always change your designation at a later date by the same methods described above.___ I/We do want Aegis to authorize and pay overdrafts on my ATM and everyday debit card transactions

___ I/We do not want Aegis to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Printed Name: ________________________________

Date: ______________

Account Number: _____________________________

Signature: ______________________________________________________

Top of Disclosures

Funds Availability Policy

Our general policy is to allow you to withdraw funds deposited to your account on the first business day after the day we receive your deposit.  Funds from electronic direct deposits will be available on the day we receive the deposit.  In some cases, we may delay your ability to withdraw funds beyond the first business day.  If so, the funds will generally be available by the fifth day after the deposit.  This date may vary by circumstances and may be longer.

Top of Disclosures

Privacy Disclosure

Aegis Credit Union is committed to providing you with financial products and services to meet your needs and help you reach your financial goals.  We are required by law to give you this privacy notice to explain how we collect, use, and safeguard your personal financial information.  If, after reading this notice, you have any questions, please contact us at {563} 242-0531 or

Our commitment to providing you with the competitive products and services necessary to meet your financial needs often requires that we share certain information about you necessary to complete your transactions and to provide you with certain financial opportunities.  In order to provide these products and services and to complete requests from you, we have entered into agreements with other companies that either provide services to us or provide additional financial products for you to consider.

Under these arrangements, we may disclose all of the information we collect, as described below, to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements.  To protect our members’ privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide.  We do not permit these companies to sell the information we provide them to third parties.

Information About You That We Collect and May Disclose

1.        Information we receive from you on applications, forms, correspondence, and conversations with you

2.       Information about your transactions with us or others

3.       Information we receive from consumer reporting agencies

4.       Information obtained when verifying the information you provide on applications or other forms, such as from your current or past employers or from other institutions where you conduct financial business.

We may also disclose information we collect about you under other circumstances as permitted or required by law.  These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of your financial records.

Confidentiality and Security

If you terminate your membership with Aegis Credit Union, we will not share information we have collected about you, except as permitted or required by law.

We restrict access to non-public personal information about you to those employees who have a specific business purpose in utilizing your data.  Our employees are trained in the importance of maintaining confidentiality and member privacy.  We maintain physical, electronic, and procedural safeguards that comply with federal regulations and with leading industry practices to safeguard your non-public personal information.

Top of Disclosures

NCUA – Your Insured Funds

What is the NCUA?

The National Credit Union Administration, commonly referred to as NCUA, is the federal government agency that charters and supervises federal credit unions.  NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF).  Backed by the full faith and credit of the U.S. government, NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions.

Share insurance coverage offered through the NCUSIF protects members against losses if a federally insured credit union should fail.  You can confidently join and conduct business with federally insured credit unions because no member has ever lost money insured by the NCUSIF.

NCUA regularly reviews the operations of all federal credit unions and works closely with state regulatory authorities to evaluate federally insured state-chartered credit unions such as Aegis Credit Union.

What Basic Coverage Does NCUSIF Provide?

The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their individual accounts.  These accounts include regular shares, share drafts (Checking Accounts), money market accounts, and share certificates.  Individuals with account balances totaling $250,000 or less at the same insured credit union have full NCUSIF coverage.  If a person has more than $250,000 at any single credit union, several options are available for additional coverage because, as discussed in greater detail below, the NCUSIF provides separate insurance for other types of accounts.

While NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings accounts and checking products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities.

Additional Coverage

All members of federally insured credit unions have options for coverage that is separate from and in addition to the coverage available to their individual accounts.

·         Retirement Accounts

Members with Traditional and Roth Individual Retirement Accounts (IRAs) have additional coverag available at each federally insured credit union where they qualify and become members.  The NCUSIF insures member IRAs for $250,000 in the aggregate at each credit union. 

Retirement account insurance protection is separate and apart from insurance coverage on other credit union accounts.  For example, if you have a regular share account and an IRA at Aegis, the NCUSIF insures your regular share account for up to $250,000 AND the IRA for up to an additional $250,000.

·         Joint Accounts

Joint accounts are savings or checking accounts owned by two or more people who have equal rights to withdraw money from the account.  The NCUSIF provides joint account holders with $250,000 coverage for their aggregate interests at the credit union.  For example, a two person joint account has $500,000 in coverage.  This coverage is separate from and in addition to the coverage available for other accounts such as individual accounts and retirement accounts.

·         Trust Accounts

The NCUSIF provides separate coverage for both revocable and irrevocable trusts.  Credit unions can establish a common revocable trust payable-on-death (POD) account without additional documentation; however, some trusts require additional, valid documentation to qualify for coverage.  Always ask your Member Service Representative if additional documentation is required.

·         Revocable Trusts

Revocable trust accounts may qualify for insurance coverage of up to $250,000 per beneficiary named by the owner that is separate from the individual coverage available to the trust owner.  For example if a person with a revocable trust for $750,000 names a spouse and two children as beneficiaries, the entire $750,000 would have separate NCUSIF coverage ($250,000 per beneficiary).  This coverage is separate from the coverage provided to the other types of accounts held by the trust’s owner at the same federally insured credit union.

·         Irrevocable Trusts

Funds placed in an account by a trustee under an irrevocable trust have separate coverage based on the beneficial interest under such trust.  The interest of each beneficiary in an account (or accounts) established as irrevocable trust has separate NCUSIF coverage of $250,000.  In cases where a beneficiary has an interest in more than one trust arrangement created by the same owner, the interests of the beneficiary in all accounts established under such trusts are added together for insurance purposes and insured for a total of $250,000 that is separate from and in addition to the coverage the NCUSIF provides for other types of accounts.

A Simple Example for a Family of Two

       Insured $$ 
 IndividualHusbandIndividual $    250,000 
 AccountsWifeIndividual $    250,000 
 JointHusband ANDJoint $    500,000 
 RevocableHusband as Trustee for Wife $    250,000 
 TrustsWife as Trustee for Husband $    250,000 
   Total: $ 1,500,000 

How Can I Get More Information?

A brochure entitled Your Insured Funds is available at NCUA’s Internet Site:

This comprehensive brochure contains a detailed discussion of all available types of coverage offered by NCUSIF, along with examples illustrating how the coverage actually works in practice.

Is My Credit Union Insured?

Yes, Aegis Credit Union is Federally Insured by NCUA and covered under the NCUSIF and we have been for every day since we opened November 29, 1979!

Top of Disclosures

Fraud Protection

Some Basics…

·         Beware of giving out personal data online…

·         Each time you give out your personal data, you are risking your identity. Know who you are giving it to and give only what is truly necessary.

·         Be wary of E-mails that don’t contain identifying information… 

·         Verify the information before you conduct any business with anyone.  Contact Aegis for a few simple ways to verify information contained in an e-mail.

·         Don’t Judge By Appearances…

·         Anyone can obtain software to build quite impressive looking web sites that look professional.

·         Build Walls To Protect You…

·         Virus and Anti-Spyware software is readily available. Buy it and keep it updated.

·         Have firewalls installed on your computers and keep them updated… 

·         Firewalls help keep strangers out of your system.  Plus, have a professional service your computer regularly…Many can run diagnostics remotely now!

·         Passwords…

·         Passwords should be at least 6 characters long and should include a combination of letters, numbers, and other characters. Plus use some upper and some lower case letters.  Change your passwords often. Avoid birthdays, kids names, etc.  If you have to write them down, encode them in a longer document.  Don’t hide them under the keyboard.


Using fraud e-mails that appear to be from your credit union, a government agency, or someone else you trust that direct you to a website to “Verify Information” is called Phishing. If you go there, they will steal your identity!

·         Do Not Click the e-mail link! Instead, pull up the site on your own using the address you have always used…or simply pick up the phone!



Pharming works in a similar manner but uses a copycat website to con you into entering your information.

·         If ANY unsolicited or unexpected e-mail arrives, be suspicious! And, respond by using a familiar address rather than whatever comes with the e-mail.

·         Our website is  If the address is off even one letter, don’t go there!

·         Whenever you are told to click to go somewhere, hold your curser over the spot for a moment.  It should give you the address before you even click on it.  You can then tell if you are being sent someplace other than

Spyware or Malware

Malicious software, known as Malware or Spyware, is often sent with spam e-mails.  It can also be attached (like a virus) to an e-mail from someone you know and trust.  Once the “Spyware” is in your computer it gathers information and forwards it to the crooks who introduced the software to the worldwide internet. Some spyware programs actually record your typing and send files out so that the fraudsters can figure out your passwords, account numbers, social security numbers etc.

·         Install & Update Anti-malware Programs

·         Install & Update Anti-virus Software

·         Check Regularly For and Install Operating system updates and patches.

·         Install & Update Firewall

·         Have your computer checked out Regularly by an expert…not by your friend who knows just enough to be dangerous.  Many companies can now access your computer by having you logon to their secure websites so they can scan and fix your computer without you ever unplugging it.

Who to Contact if You are Being Phished, Pharmed, or Spied On…

Resource List

·         Aegis Credit Union          (563) 242-0531

·         Clinton Police    {563} 243-1458

·         Consumer Fraud


·         Federal Trade Commission Consumer Response Center (FTC)

·         FirstGov “Your First Click to the U.S. Government”

·         Identity Theft Resource Center

·         Internet Fraud Complaint Center (IFCC)

·         Social Security Administration         Fraud Hotline: 800-269-0271

Top of Disclosures

Fraud Policy

*** Aegis Credit Union Prosecutes Fraud of All Kinds – Aggressively! ***

Used to be you got a bad check & passed it, you were considered a victim.  Things are changing and your obligations are greater now. Read on…

You’ve Got This Fat Check…

·         Where did it come from? 

·         Was it unsolicited? 

·         Was it for more than what you were expecting? 

·         Did it come with a cover letter saying that you won some contest?  Did you even enter the contest?

·         If it came with a cover letter, was it well written or were there misspellings and improper grammar?

·         Did it come from someone claiming to represent another party?

·         Did it come with a request to send part back after some length of time?

·         Did someone ask to meet you to get cash for part of it while you keep the rest as a fee?

·         Did you get it from something you advertised for sale on the internet such as on Ebay?  Did they give some excuse why they didn’t want to use PayPal?


Seems Risky…But So What…Everybody Does It…

·         If you recognize that there is a high risk of the transaction being a scam and you cash or deposit the check anyway, you may be guilty of a crime. If It Sounds Too Good To Be True It Is!

·         Financial Institutions are now actively prosecuting the guy who cashes the check. If you should have known better, you’re not a victim!  Aegis aggressively prosecutes all fraud!

What Should You Do?

·         First, BE SUSPICIOUS.

·         Contact Aegis Credit Union immediately at

·         Next…Give the check, money order, or bank check to a teller and tell them about how you obtained the check.  Let us help you try to verify funds before you commit a crime by cashing or depositing the check.

·         If we believe the check is fraudulent, we’ll work with you and the police so you can feel good that you have helped stop internet and check fraud.  We will help you preserve any evidence and we have contacts within the local police and the FBI.  Work with us.

·         Click Here For A More Complete Resource List!

What To Do BEFORE You Ever Get A Check…

·         Porn sites, gambling sites, game sites, shopping sites, etc. are high risk places to login to.  Stay away from them.

·         Never enter Internet Contests.

·         Be careful who you give personal information to on the internet.

·         Keep your Anti-Spyware, Anti-Virus, and Firewalls up to date.

·         Always Be Suspicious…Or plan to be scammed!

Some Other Facts You Need To Know About Checking Accounts…

·         Writing A Bad Check…It is a crime to write a check if there is not enough money in the account to cover the check.  If someone writes a bad check to you and you believe it was on purpose, press charges.  We actively pursue people who use our accounts for such purposes.

·         Stop Payments…Just because someone places a stop payment on a check, that does not release them from liability for the check. If someone buys something from you or owes you money and they stop payment on a check given to you, you may actually be able to collect more than the amount they originally owed you.

·         Check 21…The new Check 21 rules allow the conversion of checks you write into electronic transactions.  These items may clear much faster than the old paper checks used to; often the very same day.

·         Courtesy Pay Checking…Some financials now offer “Courtesy Pay” Checking or some other similarly named product that allows you to overdraw your checking to a certain $$ amount…although with fees.  Aegis Credit Union does not offer such a product. We have always cleared checks for members, even if they are overdrawn, if we believe there is a high likelihood that the funds will be deposited within a day or two.  Unlike with a “Courtesy Pay” program, we do not guarantee we will allow your account to be overdrawn, we simply weigh the risks with each transaction and make a decision at the time it happens. And, just because we allow your account to be overdrawn one time, there is no guarantee that we will allow it the next time.  Do Not confuse your checking account at Aegis Credit Union with a “Courtesy Pay” or similarly named account.

·         Negative Checking Accounts Now Show Up On Your Credit Report…If your checking account at Aegis Credit Union is overdrawn for more than 45 days, it can show up on your credit report…FOR 7 YEARS OR MORE!