Information about Your LVCU Membership
The rights and responsibilities of Lower Valley Credit Union as a financial institution and of you as our member is listed below. The disclosures are in a PDF format so acrobat reader is required to view them. If your computer does not have acrobat reader installed on it, please stop into any of our locations and we can print a copy for you. If you have any questions, please call 1-509-836-2188 or email us.
Terms and Conditions About Your Account
|Courtesy Pay (Per Item)||$25.00|
|Return Check (Non-Mbr.)||$25.00|
|Debit Card Replacement||$20.00|
|Telephone Transfer||No Fee|
|Temporary Checks||$1.00 (4)|
|Counter Check Copies||$5.00|
|Counter Check Stop Payment||$25.00|
|Visa Gift Card||$3.95|
|Wire Transfer / Incoming||$15.00|
|Wire Transfer / Outgoing||$40.00|
|Notary Service||No Fee|
|Recon. Assist. (per hour)||$20.00|
|Acct. Research (per hour)||$20.00 1 hour minimum|
|Statement Copies (per page)||$2.00|
|Photocopies (per page)||$0.25|
|Fax (per page)||$0.25 – $0.50|
|Garnishment / Levy||$25.00|
|Dormant Account (per quarter)||$18.00|
In order to use the services of the Credit Union, members must maintain $50 in their share account. All fees may be subject to change. For complete details and/or to request a Rate and Fee Schedule and a Membership and Account Agreement please contact us or visit one of our locations.
Stop Payment Disclosure
We may accept an order to stop payment on any item from any one of you. You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. Because stop-payment orders are handled by computers, to be effective, your stop-payment order must precisely identify the number, date, and amount of the item, and the payee. You may stop payment on any item drawn on your account whether you sign the item or not. Generally, if your stop-payment order is given to us in writing it is effective for six months. Your order will lapse after that time if you do not renew the order in writing before the end of the six-month period. If the original stop- payment order was oral your stop-payment order will lapse after 14 calendar days if you do not confirm your order in writing within that time period. We are not obligated to notify you when a stop-payment order expires. A release of the stop-payment request may be made only by the person who initiated the stop-payment order.
If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, including attorneys’ fees. You assign to us all rights against the payee or any other holder of the item. You agree to cooperate with us in any legal actions that we may take against such persons. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order.
Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item).
eStatement Disclosure - ERROR RESOLUTION NOTICE
- Tell us your name and account number (if any).
- Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
- Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.
We will determine whether an error occurred within 10 business days (5 business days for VISA® Check Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days for VISA®)
Check Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.
We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.
You may ask for copies of the documents that we used in our investigation.
Lower Valley Credit Union
900 Yakima Valley Highway
Sunnyside, WA 98944
Website Terms and Conditions
All the information that is available through Lower Valley Credit Union (LVCU) web site is protected by copyright law.
The authorization to view the information available on LVCU web site is for personal financial purposes only.
For your convenience, links to third-parties have been provided. The third-party is responsible for the content an availability of its sites, partners or advertisers. Such sites are not within our control and may not follow the same privacy or security standards as ours.
This web site could include technical inaccuracies or typographical errors. The information contained in or accessed via the LVCU web site is provided “as is” without warranty of any kind, either expressed or implied. No warranty is made that operation of the LVCU web site shall be error-free, virus-free or uninterrupted. Changes may be periodically made to the information herein. LVCU makes no warranty of any kind with respect to the subject matter included herein, the products listed herein, or the completeness or accuracy of the information. For all of the products and services described on this web site, membership conditions, credit approval and other qualifications may apply. Any and all offers made on this web site are subject to change or end without notice; this includes all information, rates, fees and other conditions. Please contact LVCU for complete details.
Regulation D is a federal regulation that limits the number of transfers and withdrawals that are allowed from an interest bearing account (primary savings, secondary savings, etc.). The regulation was established to prevent consumers from using their savings account as a checking account. The new operating system here at LVCU now manage Regulation D and it is being implemented on all accounts. ALL savings (share) accounts will have a limit of 6 applicable transactions per month. The breakdown of the transactions that do and do not apply towards your Regulation D limit is shown below to help you better understand the change that is being implemented.
Transactions limited to 6 per month:
- Overdraft transfers
- Transfers from any savings to another member’s account
- Phone transfers (including payments made by Call Center and Collections)
- Transfers/withdrawals from any savings account using Online Banking/Bill Pay
- Pre-authorized, automatic, scheduled, or recurring transfers/withdrawals (including ACH and wires) from any savings accounts
Unlimited transactions per month
- Transfers from any checking accounts to any savings account
- Transfers/withdrawals from any savings account made in person
- Transfers/withdrawals from any savings account made at the ATM
- Transfers/withdrawals from any savings account to make a loan payment
- Transfers/withdrawals from any savings account sent in by mail with original signature
WHAT DO YOU NEED TO DO?
If you are using your savings account the wrong way, there’s an easy fix! Qualifying members can simply open up a checking account, it’s easy and FREE! A checking account also comes with a FREE Visa Debit Card so you can use our ATMs to access your funds after hours at no charge. Act now and contact us today to see if you qualify.