Ohio Catholic Federal Credit Union

Terms and Conditions of Your Account

AGREEMENT® This document, along with any other documents we give you pertaining to your account(s) is a contract establishing rules that control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, fees and charges. If you have any questions, be sure to ask us for clarification.

This agreement is subject to applicable federal laws and the laws of the state of Ohio (except to the extent that this agreement can and does vary such rules or laws). Because the body of state and federal law that governs our relationship with you is too large and complex to be reproduced here we provide this document to:

(1) summarize some laws that apply to common transactions;

(2) establish rules to cover transactions or events that the law does not regulate;

(3) establish rules for certain transaction or events that the law regulates but variation by agreement; and

(4) disclose to you some of our policies that may affect our relationship with you or in which you maybe interested.

If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. Although we may permit some variations from our standard agreement, if we agree to any variation, it must be in our writing on a document that identifies your account. Only an authorized officer of ours may agree to variations.

As used in this document the words "we", "our", and "us" mean the financial institution and the words "you" and "your" mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretations of the provisions. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular.

BYLAWS® Our bylaws, which we may amend from time to time, establish basic rules about our credit union policies and operations that affect your account and membership. You may obtain a copy of the bylaws on request. The bylaws state our right to require you to give us notice of your intention to withdraw funds from your account. Unless we have agreed otherwise, you are not entitled to receive any original item after it is paid, although you may request that we send you an item(s) or a copy of an item(s).

YOUR LIABILITY® You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of fees or charges. You authorize us to deduct these directly from your balance as accrued. You will pay any additional reasonable charges for services you request which are not covered by this agreement.

Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited form the charge or overdraft. This includes liability for our costs to collect the deficit including, to the extent permitted by law, or reasonable attorneys’ fees.

DEPOSITS® We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn "on us"). Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transactions received after our "daily cutoff time" on a business day we are open, or received on a day we are not open for business, as if initiated on the next following business day that we are open.

WITHDRAWALS® Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to endorse any item payable to you or your order for your deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (if any) as your act of closing the account. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. See the funds availability policy disclosure for information about when you can withdraw funds your deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit, when those funds will be available for withdrawal.

OWNERSHIP OF ACCOUNT AND BENEFICIARY DESINATION® These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We reserve the right to refuse some forms of ownership on any or all of our accounts. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds.

Individual Account® An account in the name of one person.

Joint Account – With Survivorship (And Not As Tenants In Common)® An account in the name of two or more persons. Each of you intends that when you die the balance in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). If two or more of you survive, you will own the account balance as joint tenants with survivorship, not as tenants in common.

Joint Account – No survivorship (As tenants In Common)® Owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. However, this information will not affect the "number of signature" required for withdrawal.

Revocable Trust or Pay-On-Death Account® If two or more of you create this type of account; you own the account jointly with survivorship. Beneficiaries cannot withdraw unless: (1) all persons creating the account die, and (2) the beneficiary is then living. If two or more beneficiaries are named and survive the death of all persons creating the account, beneficiaries will own this account in equal shares, without right of survivorship. The person(s) creating either of these account types may: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at any time.

BUSINESS ACCOUNTS® We may require the governing body of the legal entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we receive written notice of a change from the governing body of the legal entity. Interest, dividends, credits earned will be paid only on colleted funds, unless otherwise provided by law or our policy.

STOP PAYMENT® 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. To be effective, your stop payment order must precisely identify the payee, the draft number, date and amount of the item.

You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release of the stop payment request may be made only by the person who initiated 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. The law provides additional limitations on our obligation to stop payment (e.g., we paid the item in cash or we certified the item).

TELEPHONE TRANSFERS® A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. See Account Transfer and Withdrawal Limitations in our separate Savings & Checking Rate and Fee Schedule and Truth-in-Savings Disclosure. Other account transfer restrictions may be described elsewhere.

AMENDMENTS AND TERMINATION® We may change our bylaws and any term of this agreement. Rules governing changes in rates are provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may close this account if your membership in the credit union terminates, or by giving reasonable notice to you and tender of the account balance personally or by mail. At our option, we may suspend your rights to member services if you violate the terms of this agreement. You must keep us informed of your current address at all times. Notice from us to any one of you is notice to all of you.

STATEMENTS® You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signature or alterations, you must promptly notify us of the relevant facts. As to between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care with respect to items on the statement but to other items with unauthorized signatures or alterations by the same wrongdoer.

You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent or made available to you.

You further agree that if you fail to report any unauthorized signatures, alterations forgeries, or any other errors in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us regarding any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to when we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.

ACCOUNT TRANSFER® This account may not be transferred or assigned without our prior written consent.

DIRECT DEPOSITS® If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the sender for any reason, you authorize us to deduct the amount of our liability to the sender from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.

TEMPORARY ACCOUNT AGREEMENT® If this option is selected, this is a temporary account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if, within a reasonable time, you fail to comply with the requirements we have imposed.

RIGHT TO REPAYMENT OF INDEBTEDNESS® You agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such person’s or legal entity’s right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount for which we are entitled to demand payment under the terms of the note at the time we charge the account, including any balance the due date for which we properly accelerate under the note.

In addition to these contract rights, we may also have rights under a "statutory lie." A "lien" on property is a creditor’s right to obtain ownership of the property in the even a debtor defaults on a debt. A "statutory lien" is one created by federal or state statute. If federal or state law provides us with a statutory lien, then we are authorized to apply, without prior notice, your shares, certificates, dividends and interest to any debt you owe us, in accord with the statutory lien.

Neither our contract rights nor rights under a statutory lien apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check or draft when the dishonor occurs because we charge and deduct an amount you owe us from your account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to repayment.

AUTHORIZED SIGNER (Individual Accounts only)® A single individual is the owner. The authorized signer is merely designated to conduct transactions on the owner’s behalf. We are under no obligation to monitor transactions to determine that they are on the owner’s behalf.

RESTRICTIVE LEGENDS® We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples are "not valid for more than $500.00" or "not valid after 60 days".

PLEDGES® Unless we agree otherwise in writing, each owner of this account may pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of this account must first be satisfied before the rights of any surviving account owner of account beneficiary become effective.

ACH AND WIRE TRANSFERS® This agreement is subject to Article 4A of the Uniform Commercial Code – Fund Transfers as adopted in the state of Ohio. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things that payments made to you, or originated by you, are provisional until final settlement is made through Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403 (a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount within a reasonable time until so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.

FACSIMILE SIGNATURES® You authorize us, at any time, to charge you for all checks, drafts, or other orders for the payment of money, that are drawn on us, regardless of by whom or by what means the facsimile signature(s) - may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose.

ELECTRONIC FUND TRANSFERS

YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which my not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Preauthorized credits® You may make arrangements for certain direct deposits to be accepted into your share draft checking and share savings account(s).

Preauthorized payments® You may make arrangements to pay certain recurring bills from your share draft checking and share savings account(s).

Electronic check or draft conversion – types of transfers® Your check or draft can result in an electronic funds transfer. This can happen in several ways. For example:

> You can purchase goods or pay for services and authorize a merchant or service provider to convert your check or draft into an electronic funds transfer.

> At the time you offer a check or draft to a merchant or service provider, you may be asked to authorize the merchant or service provider to electronically collect a charge in the event the check or draft is returned for insufficient funds. Paying such a fee electronically is an electronic funds transfer.

Your authorization to make these types of electronic funds transfers may be expressed in writing or implied through the posting of a sign.

Ohio Catholic Federal Credit Union Voice Response Touch Tone Teller Access System Telephone Transfers – types of transfers® You may access your account by telephone 24 hours a day at (216) 663-0380 or 1-800-251-1231 using your personal identification number (PIN), touch tone phone, and account numbers, to:

> transfer funds from share draft to share draft

> transfer funds from share draft to share savings

> transfer funds from share savings to share draft

> transfer funds from share savings to share savings

> make payments form share savings to loan accounts with us

> make payments from share draft to loan accounts with us

> get information about:

the account balance of share draft accounts
the last ten deposits to share draft accounts
the last ten withdrawals from share draft accounts
the account balance of share savings accounts
the last ten deposits to share savings accounts
the last ten withdrawals from share savings accounts

ATM Transfers – types of transfers, dollar limitations, and charges® You may access your account(s) by using your ATM card or VISA Debit Check Card and personal identification number (PIN), to:

> make deposits to share draft checking account(s)

> make deposits to share savings and money market account(s)

> get cash withdrawals from draft account(s)

> you may withdraw no more than $200.00 per day with an ATM Card and $400.00 per day with a Debit Card

> get cash withdrawals from share savings and money market account(s)

> you may withdraw no more than $200.00 per day with an ATM Card and $400.00 per day with a Debit Card

> transfer funds from share savings and money market account(s) to share draft account(s)

> transfer funds from share draft to share savings and money market account(s)

> get information about:

the account balance of your share draft accounts
the account balance of your share savings and money market accounts
there is a charge of $1.00 per inquiry

Some of these services may not be available at all terminals.

Types of ATM card Point-of-Sale Transactions® You may access your share draft account(s) to purchase goods (in person), pay for services (in person), pay for services (in person), and get cash from a merchant, if the merchant permits, or from a participating financial institution.

Point-of-Sale Transactions – dollar limitations® Using your debit card: You may not exceed $200.00 in transactions per day in combination with ATM withdrawals

Types of VISA Check Card Point-of-Sale Transactions® You may access your checking account(s) to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that can be done with a credit card (that a participating merchant will accept with a credit card).

Point-of-Sale Transactions (POS) – dollar limitations ® Using your card:

· dollar limitations will be determined at card issuance. Please ask for information.

Currency Conversion® When you use your Visa Check Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a wholesale market rate or the government mandated rate in effect the day before the processing date, increased by 1%. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.

Advisory Against Illegal Use® You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

FEES

· We do not charge for Direct Deposits to any type of account.

· Please refer to our separate brochure for additional information about charges.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator / Network Fees® When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

DOCUMENTATION

Terminal transfers® You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machine.

Preauthorized credits® If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money.

Preauthorized credits® If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (216) 663-6800 to find out whether or not the deposit has been made.

Periodic statement® You will get a monthly account statement from us for your share draft accounts. You will get a monthly account statement from us for your share savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

PREAUTHORIZED PAYMENTS

Right to stop payment and procedure for doing so® If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give.

Notice of varying amounts® If these regular payments may vary in amount, the person you are going to pay will tell you 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

Liability for failure to stop payment of preauthorized transfer® If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so; we will be liable for your losses or damages.

FINANCIAL INSTITUTION’S LIABILTIY FOR FAILURE TO MAKE TRANSFERS

If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

1. If, though no fault of ours, you do not have enough money in your account to make the transfer.

2. If you have an overdraft line and the transfer would drive your balance over the credit limit.

3. If the automated teller machine where you are making the transfer does not have enough cash.

4. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.

5. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.

6. There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

1. where it is necessary for completing transfers; or

2. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or

3. in order to comply with government agency or court order; or

4. as explained in the Privacy Disclosure issued to you separately. Please ask.

UNAUTHORIZED TRANSFERS

(a) Consumer liability.

> Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in our account (plus you maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card and/or code without your permission.)

If you do NOT tell us within 2 business days after you learn of the loss or theft of your car and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

> Additional Limit on Liability for VISAâ Debit Check Card. Unless you have been grossly negligent of have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen VISAâ Debit Check Card. This additional limit on liability does not apply to ATM transactions, to transactions using your Personal Identification Number which are not processed by VISAâ, or to commercial cards.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in the ERROR RESOLUTION NOTICE section of this brochure.

ERROR RESOLUTION NOTICE

In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed at the end of this section, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear form you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. (This error correction procedure does not apply to business accounts or to business transactions performed via your account. Trust accounts and custodial accounts are exempt from this procedure in some states.)

1. Tell us your name and account number (if any).

2. 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.

3. 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 VISAâ Debit Check Card point-of-sale transactions and 20 business days if the transfer involved a new account) after we hear from you and we 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 VISAâ Debit Check Card point-of-sale transactions and 20 business days if the transfer involved anew 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 six months 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.

Ohio Catholic Federal Credit Union Error Resolution Department
13623 Rockside Rd.
Garfield Hts., Ohio 44125
(216) 663-6800 phone
(216) 663-8610 fax
Business Days: Monday thru Friday

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all accounts.

Our policy is to make funds from your cash and check deposits available to you immediately. Electronic Direct Deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problem involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturday, Sundays, and federal holiday. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If you make a deposit at an ATM before 3:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 3:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in you account. Those funds will be available at that time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

LONGER DELAYS MAY APPLY

Case-by-case delays® In some cases, we will not make all of the funds that you deposit by check available to you immediately. Depending on the type of check that you deposit funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, may be available immediately.

If we are not going to make all of the funds from your deposit available immediately, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard exceptions® In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

We believe a check you deposit will not be paid.

You deposit checks totaling more than $5,000 on anyone day.

You redeposit a check that has been returned unpaid.

You have overdrawn your account repeatedly in the last six months.

There is an emergency, such as failure of computer of communications equipment.

We will notify you if we delay your ability to withdraw funds from any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.

DEPOSITS AT AUTOMATED TELLER MACHINES

Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the second business day after the day of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines.

Disclosure: Truth-in-Savings for Savings & Checking

Except as specifically described, the following disclosures apply to all of the accounts.

1. Rate Information. The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends/interest to be paid on an account based on the rate and frequency of compounding for an annual period. For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club Vacation Club, Individual Retirement Accounts (IRA) Traditional IRA Savings and Roth IRA Savings, Coverdell Education IRA Savings the Rate and Annual Percentage Yield are fixed and will be in effect indefinitely. The Credit Union will notify you at least thirty (30) days in advance of any decrease. The Rates and Annual Percentage yields are the rates and yields as of the last dividend/interest declaration date, which is set forth in the Rate Schedule.

The Money Market Account is a Tiered Rate account. The Rate and Annual Percentage Yield for this account is based on the amount of money you have on deposit in the account. If your account balance is $4,999.99 or below, the first Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $5,000.00 to $24,999.99, the second Rate and Annual Percentage Yield listed for this account will apply. If your account balance is $25,000.00 or greater, the third Rate and Annual Percentage Yield listed for this account will apply. Once a particular balance range is met, the Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account unless your balance is reduced to a lower balance range.

2. Nature of Dividends/Interest. Dividends/interest are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend/Interest Compounding and Crediting. The compounding and crediting of dividends/interest and the earning period applicable to each account are set forth in the Rate Schedule. The Dividend/Interest Period is the period of time at the end of which an account earns dividend/interest credit. This Period begins on the first calendar day of the period and ends on the last calendar day of the period. The Rates and Annual Percentage Yields are the rates and yields as of the last dividend/interest declaration date that is set forth in the Rate Schedule.

4. Accrual of Dividends/Interest. For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club, Vacation Club, Money Market, Traditional IRA Savings, Roth IRA Savings, Coverdell Education IRA Savings Share Certificates and IRA Share Certificates, dividends/interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close any of these accounts before accrued dividends/interest are credited, the accrued dividends/interest will not be paid.

5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule.

For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club, Vacation Club, Money Market, IRA Savings, Roth IRA Savings, Coverdell Education IRA Savings, Share Certificate and IRA Share Certificate accounts there is a minimum balance required to obtain the Annual Percentage Yield for the dividend/interest period. If the minimum balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using an Average Daily Balance method, dividends/interest are calculated by applying a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principle in the account for each day of the period and dividing that figure by the number of days in the period.

6. Account Limitations.

A. For Regular Savings, Special Savings, Business/Organization Savings, you may make no more than six (6) withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party in any month. An account which exceeds these limitations may be subject to a fee or be closed.

B. For a Christmas Club or Vacation Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after the last day of the interest period (October 31 for Christmas Club, May 31 for Vacation Club) and the account will remain open. If any withdrawal is made from these accounts before the last day of the interest period, we may close the account and no interest will accrue or be paid.

C. For a Money Market Account you may make no more than (3) three withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party in any month.

D. For Traditional IRA Savings, Roth IRA Savings and Coverdell Education IRA Savings you may not make any withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party.

E. We reserve the right to at any time require at least seven (7) days notice in writing before each withdrawal from an interest-bearing account or from any other savings account as defined by FRB Regulation D (time deposits accepted).

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September 1, 2003

USA Patriot Act – Identify Verification Notice

Addendum to Terms of Your Membership Agreement

Identity Verification Notice

On October, 2001, President Bush signed into law the USA Patriot Act. The purpose of this law is to help protect you, your family and our country from terrorism by preventing terrorist financing. We want you to know that section 326 of this Act requires our credit union to verify the identity of all new credit union members. We must also verify the identity of members and nonmembers added as signatories to and have access to new or existing deposit accounts and loans. We must also retain copies of documents used to verify your identity.

If you are an existing member who joined the credit union before the USA Patriot Act rules became effective we may also need to verify and retain copies of any documents used to verify your identity when you request a new deposit account, apply for a loan or are added as a signatory to a new or existing deposit or loan account.

We ask for your understanding as we work to support these efforts to maintaining the security of your funds and our country. Please speak with a credit union staff member if you have any questions or concerns about our identification policies.

Notice of Your Rights to Financial Privacy

Ohio Catholic Federal Credit Union (hereafter shown as “we”, “our”, or “us”) recognizes the important responsibility we have in protecting private information of our members’ (hereafter shown as “you” or “your”). We intend to protect the personal and financial information that you have entrusted to us and have developed the following privacy policy and approach that respects and addresses your needs. We believe that all personal and financial information that is specific to you that you provide to us by any process constitutes personal information.

Collection of Personal Information

1. When you apply for a Credit Union account or service with us, we collect personal information in order to process your application. We may retain this information so that we can provide the products and services you request. Our operating partners also handle some of this information. Our operating partners have agreed to abide by our policy.

2. When you open or use an account or service form us, we retain personal information you provide in the context of using that product or service, including transaction information.

3. After you sign up for our online services, our data system records certain online information, including the transactions you conduct online. These data enable us to process and confirm you transactions.

4. When you send us e-mail, we will retain the content of the e-mail, your e-mail address, and our response in order to assure we have adequately addressed your inquiry and to handle any follow up questions you may have. We may also use it to measure how effectively we address your concerns.

Use and Sharing of Personal Information

1. We will use personal information as appropriate in the normal course of our business to provide the products and services that you requested. We will also use this information to provide positive identification of you when you contact us.

2. We will not disclose information to third parties (excluding credit union affiliates) concerning your account with us, except: (a) when such disclosure is necessary to complete the transactions; (B) to verify the existence and condition of your account of a third party (such as a credit bureau) as is permitted by law; (c) to comply with any court order or applicable laws or regulations; or (d) when you give us your written permission.

3. We do not and will not sell or provide personal information to third parties for independent use. We may, however, share personal information with our credit union affiliates, as allowed by federal law, if that information is required to provide a product or service you have requested.

Accuracy of Personal Information

1. Our intention is to exercise reasonable procedures in order to assure the accuracy of our records and your personal information. Should you bring inaccurate information to our attention we will correct it as promptly as possible. If you have any questions regarding the accuracy of your personal information, please speak with our member service representative or contact us at ohiocatholicfcu.com. We will investigate your issue and update your records as needed.

2. We request that you keep your personal information as current as possible so that you may receive the maximum member/owner benefits form your Credit Union. It is especially important that you inform us of any address change, including e-mail, so that we may communicate with you.

Protection of Personal Information

1. We use multiple levels of security, beginning with your browser and ending with the credit union’s operating system that function as a virtual information vault inside the credit union. Information we receive via online applications is secure and requires industry standard Secure Socket Layer encrypted browsers.

2. We are committed to continuing protection of the privacy of your personal information. As business processes change we will review the measures we employ to protect member records and make changes to our information security practices and other internal control systems to take advantage of new technology.

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	Home About Us Join Us Rates Links Newsletters Contact Us Disclosures/Notices
216.663.6800 330.733.6002 USA PATRIOT ACT requires IDENTITY VERIFICATION for all new accounts.	Disclosures/Notices Terms and Conditions of Your Account AGREEMENT® This document, along with any other documents we give you pertaining to your account(s) is a contract establishing rules that control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, fees and charges. If you have any questions, be sure to ask us for clarification. This agreement is subject to applicable federal laws and the laws of the state of Ohio (except to the extent that this agreement can and does vary such rules or laws). Because the body of state and federal law that governs our relationship with you is too large and complex to be reproduced here we provide this document to: (1) summarize some laws that apply to common transactions; (2) establish rules to cover transactions or events that the law does not regulate; (3) establish rules for certain transaction or events that the law regulates but variation by agreement; and (4) disclose to you some of our policies that may affect our relationship with you or in which you maybe interested. If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. Although we may permit some variations from our standard agreement, if we agree to any variation, it must be in our writing on a document that identifies your account. Only an authorized officer of ours may agree to variations. As used in this document the words "we", "our", and "us" mean the financial institution and the words "you" and "your" mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretations of the provisions. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular. BYLAWS® Our bylaws, which we may amend from time to time, establish basic rules about our credit union policies and operations that affect your account and membership. You may obtain a copy of the bylaws on request. The bylaws state our right to require you to give us notice of your intention to withdraw funds from your account. Unless we have agreed otherwise, you are not entitled to receive any original item after it is paid, although you may request that we send you an item(s) or a copy of an item(s). YOUR LIABILITY® You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of fees or charges. You authorize us to deduct these directly from your balance as accrued. You will pay any additional reasonable charges for services you request which are not covered by this agreement. Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited form the charge or overdraft. This includes liability for our costs to collect the deficit including, to the extent permitted by law, or reasonable attorneys’ fees. DEPOSITS® We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn "on us"). Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transactions received after our "daily cutoff time" on a business day we are open, or received on a day we are not open for business, as if initiated on the next following business day that we are open. WITHDRAWALS® Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to endorse any item payable to you or your order for your deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (if any) as your act of closing the account. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. See the funds availability policy disclosure for information about when you can withdraw funds your deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit, when those funds will be available for withdrawal. OWNERSHIP OF ACCOUNT AND BENEFICIARY DESINATION® These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We reserve the right to refuse some forms of ownership on any or all of our accounts. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. Individual Account® An account in the name of one person. Joint Account – With Survivorship (And Not As Tenants In Common)® An account in the name of two or more persons. Each of you intends that when you die the balance in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). If two or more of you survive, you will own the account balance as joint tenants with survivorship, not as tenants in common. Joint Account – No survivorship (As tenants In Common)® Owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. However, this information will not affect the "number of signature" required for withdrawal. Revocable Trust or Pay-On-Death Account® If two or more of you create this type of account; you own the account jointly with survivorship. Beneficiaries cannot withdraw unless: (1) all persons creating the account die, and (2) the beneficiary is then living. If two or more beneficiaries are named and survive the death of all persons creating the account, beneficiaries will own this account in equal shares, without right of survivorship. The person(s) creating either of these account types may: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at any time. BUSINESS ACCOUNTS® We may require the governing body of the legal entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we receive written notice of a change from the governing body of the legal entity. Interest, dividends, credits earned will be paid only on colleted funds, unless otherwise provided by law or our policy. STOP PAYMENT® 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. To be effective, your stop payment order must precisely identify the payee, the draft number, date and amount of the item. You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release of the stop payment request may be made only by the person who initiated 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. The law provides additional limitations on our obligation to stop payment (e.g., we paid the item in cash or we certified the item). TELEPHONE TRANSFERS® A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. See Account Transfer and Withdrawal Limitations in our separate Savings & Checking Rate and Fee Schedule and Truth-in-Savings Disclosure. Other account transfer restrictions may be described elsewhere. AMENDMENTS AND TERMINATION® We may change our bylaws and any term of this agreement. Rules governing changes in rates are provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may close this account if your membership in the credit union terminates, or by giving reasonable notice to you and tender of the account balance personally or by mail. At our option, we may suspend your rights to member services if you violate the terms of this agreement. You must keep us informed of your current address at all times. Notice from us to any one of you is notice to all of you. STATEMENTS® You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signature or alterations, you must promptly notify us of the relevant facts. As to between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care with respect to items on the statement but to other items with unauthorized signatures or alterations by the same wrongdoer. You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent or made available to you. You further agree that if you fail to report any unauthorized signatures, alterations forgeries, or any other errors in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us regarding any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to when we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section. ACCOUNT TRANSFER® This account may not be transferred or assigned without our prior written consent. DIRECT DEPOSITS® If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the sender for any reason, you authorize us to deduct the amount of our liability to the sender from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. TEMPORARY ACCOUNT AGREEMENT® If this option is selected, this is a temporary account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if, within a reasonable time, you fail to comply with the requirements we have imposed. RIGHT TO REPAYMENT OF INDEBTEDNESS® You agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such person’s or legal entity’s right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount for which we are entitled to demand payment under the terms of the note at the time we charge the account, including any balance the due date for which we properly accelerate under the note. In addition to these contract rights, we may also have rights under a "statutory lie." A "lien" on property is a creditor’s right to obtain ownership of the property in the even a debtor defaults on a debt. A "statutory lien" is one created by federal or state statute. If federal or state law provides us with a statutory lien, then we are authorized to apply, without prior notice, your shares, certificates, dividends and interest to any debt you owe us, in accord with the statutory lien. Neither our contract rights nor rights under a statutory lien apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check or draft when the dishonor occurs because we charge and deduct an amount you owe us from your account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to repayment. AUTHORIZED SIGNER (Individual Accounts only)® A single individual is the owner. The authorized signer is merely designated to conduct transactions on the owner’s behalf. We are under no obligation to monitor transactions to determine that they are on the owner’s behalf. RESTRICTIVE LEGENDS® We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples are "not valid for more than $500.00" or "not valid after 60 days". PLEDGES® Unless we agree otherwise in writing, each owner of this account may pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of this account must first be satisfied before the rights of any surviving account owner of account beneficiary become effective. ACH AND WIRE TRANSFERS® This agreement is subject to Article 4A of the Uniform Commercial Code – Fund Transfers as adopted in the state of Ohio. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things that payments made to you, or originated by you, are provisional until final settlement is made through Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403 (a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount within a reasonable time until so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. FACSIMILE SIGNATURES® You authorize us, at any time, to charge you for all checks, drafts, or other orders for the payment of money, that are drawn on us, regardless of by whom or by what means the facsimile signature(s) - may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose. ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which my not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. Preauthorized credits® You may make arrangements for certain direct deposits to be accepted into your share draft checking and share savings account(s). Preauthorized payments® You may make arrangements to pay certain recurring bills from your share draft checking and share savings account(s). Electronic check or draft conversion – types of transfers® Your check or draft can result in an electronic funds transfer. This can happen in several ways. For example: > You can purchase goods or pay for services and authorize a merchant or service provider to convert your check or draft into an electronic funds transfer. > At the time you offer a check or draft to a merchant or service provider, you may be asked to authorize the merchant or service provider to electronically collect a charge in the event the check or draft is returned for insufficient funds. Paying such a fee electronically is an electronic funds transfer. Your authorization to make these types of electronic funds transfers may be expressed in writing or implied through the posting of a sign. Ohio Catholic Federal Credit Union Voice Response Touch Tone Teller Access System Telephone Transfers – types of transfers® You may access your account by telephone 24 hours a day at (216) 663-0380 or 1-800-251-1231 using your personal identification number (PIN), touch tone phone, and account numbers, to: > transfer funds from share draft to share draft > transfer funds from share draft to share savings > transfer funds from share savings to share draft > transfer funds from share savings to share savings > make payments form share savings to loan accounts with us > make payments from share draft to loan accounts with us > get information about: the account balance of share draft accounts the last ten deposits to share draft accounts the last ten withdrawals from share draft accounts the account balance of share savings accounts the last ten deposits to share savings accounts the last ten withdrawals from share savings accounts ATM Transfers – types of transfers, dollar limitations, and charges® You may access your account(s) by using your ATM card or VISA Debit Check Card and personal identification number (PIN), to: > make deposits to share draft checking account(s) > make deposits to share savings and money market account(s) > get cash withdrawals from draft account(s) > you may withdraw no more than $200.00 per day with an ATM Card and $400.00 per day with a Debit Card > get cash withdrawals from share savings and money market account(s) > you may withdraw no more than $200.00 per day with an ATM Card and $400.00 per day with a Debit Card > transfer funds from share savings and money market account(s) to share draft account(s) > transfer funds from share draft to share savings and money market account(s) > get information about: the account balance of your share draft accounts the account balance of your share savings and money market accounts there is a charge of $1.00 per inquiry Some of these services may not be available at all terminals. Types of ATM card Point-of-Sale Transactions® You may access your share draft account(s) to purchase goods (in person), pay for services (in person), pay for services (in person), and get cash from a merchant, if the merchant permits, or from a participating financial institution. Point-of-Sale Transactions – dollar limitations® Using your debit card: You may not exceed $200.00 in transactions per day in combination with ATM withdrawals Types of VISA Check Card Point-of-Sale Transactions® You may access your checking account(s) to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that can be done with a credit card (that a participating merchant will accept with a credit card). Point-of-Sale Transactions (POS) – dollar limitations ® Using your card: · dollar limitations will be determined at card issuance. Please ask for information. Currency Conversion® When you use your Visa Check Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a wholesale market rate or the government mandated rate in effect the day before the processing date, increased by 1%. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Advisory Against Illegal Use® You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. FEES · We do not charge for Direct Deposits to any type of account. · Please refer to our separate brochure for additional information about charges. Except as indicated elsewhere, we do not charge for these electronic fund transfers. ATM Operator / Network Fees® When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). DOCUMENTATION Terminal transfers® You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machine. Preauthorized credits® If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money. Preauthorized credits® If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (216) 663-6800 to find out whether or not the deposit has been made. Periodic statement® You will get a monthly account statement from us for your share draft accounts. You will get a monthly account statement from us for your share savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly. PREAUTHORIZED PAYMENTS Right to stop payment and procedure for doing so® If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give. Notice of varying amounts® If these regular payments may vary in amount, the person you are going to pay will tell you 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) Liability for failure to stop payment of preauthorized transfer® If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so; we will be liable for your losses or damages. FINANCIAL INSTITUTION’S LIABILTIY FOR FAILURE TO MAKE TRANSFERS If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: 1. If, though no fault of ours, you do not have enough money in your account to make the transfer. 2. If you have an overdraft line and the transfer would drive your balance over the credit limit. 3. If the automated teller machine where you are making the transfer does not have enough cash. 4. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. 5. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. 6. There may be other exceptions stated in our agreement with you. CONFIDENTIALITY We will disclose information to third parties about your account or the transfers you make: 1. where it is necessary for completing transfers; or 2. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or 3. in order to comply with government agency or court order; or 4. as explained in the Privacy Disclosure issued to you separately. Please ask. UNAUTHORIZED TRANSFERS (a) Consumer liability. > Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in our account (plus you maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card and/or code without your permission.) If you do NOT tell us within 2 business days after you learn of the loss or theft of your car and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods. > Additional Limit on Liability for VISAâ Debit Check Card. Unless you have been grossly negligent of have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen VISAâ Debit Check Card. This additional limit on liability does not apply to ATM transactions, to transactions using your Personal Identification Number which are not processed by VISAâ, or to commercial cards. (b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in the ERROR RESOLUTION NOTICE section of this brochure. ERROR RESOLUTION NOTICE In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed at the end of this section, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear form you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. (This error correction procedure does not apply to business accounts or to business transactions performed via your account. Trust accounts and custodial accounts are exempt from this procedure in some states.) 1. Tell us your name and account number (if any). 2. 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. 3. 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 VISAâ Debit Check Card point-of-sale transactions and 20 business days if the transfer involved a new account) after we hear from you and we 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 VISAâ Debit Check Card point-of-sale transactions and 20 business days if the transfer involved anew 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 six months 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. Ohio Catholic Federal Credit Union Error Resolution Department 13623 Rockside Rd. Garfield Hts., Ohio 44125 (216) 663-6800 phone (216) 663-8610 fax Business Days: Monday thru Friday YOUR ABILITY TO WITHDRAW FUNDS This policy statement applies to all accounts. Our policy is to make funds from your cash and check deposits available to you immediately. Electronic Direct Deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problem involving your deposit. For determining the availability of your deposits, every day is a business day, except Saturday, Sundays, and federal holiday. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If you make a deposit at an ATM before 3:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 3:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in you account. Those funds will be available at that time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. LONGER DELAYS MAY APPLY Case-by-case delays® In some cases, we will not make all of the funds that you deposit by check available to you immediately. Depending on the type of check that you deposit funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, may be available immediately. If we are not going to make all of the funds from your deposit available immediately, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Safeguard exceptions® In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: We believe a check you deposit will not be paid. You deposit checks totaling more than $5,000 on anyone day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. There is an emergency, such as failure of computer of communications equipment. We will notify you if we delay your ability to withdraw funds from any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit. DEPOSITS AT AUTOMATED TELLER MACHINES Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the second business day after the day of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines. Disclosure: Truth-in-Savings for Savings & Checking *Except as specifically described, the following disclosures apply to all of the accounts.* 1. Rate Information. The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends/interest to be paid on an account based on the rate and frequency of compounding for an annual period. For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club Vacation Club, Individual Retirement Accounts (IRA) Traditional IRA Savings and Roth IRA Savings, Coverdell Education IRA Savings the Rate and Annual Percentage Yield are fixed and will be in effect indefinitely. The Credit Union will notify you at least thirty (30) days in advance of any decrease. The Rates and Annual Percentage yields are the rates and yields as of the last dividend/interest declaration date, which is set forth in the Rate Schedule. The Money Market Account is a Tiered Rate account. The Rate and Annual Percentage Yield for this account is based on the amount of money you have on deposit in the account. If your account balance is $4,999.99 or below, the first Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $5,000.00 to $24,999.99, the second Rate and Annual Percentage Yield listed for this account will apply. If your account balance is $25,000.00 or greater, the third Rate and Annual Percentage Yield listed for this account will apply. Once a particular balance range is met, the Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account unless your balance is reduced to a lower balance range. 2. Nature of Dividends/Interest. Dividends/interest are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. 3. Dividend/Interest Compounding and Crediting. The compounding and crediting of dividends/interest and the earning period applicable to each account are set forth in the Rate Schedule. The Dividend/Interest Period is the period of time at the end of which an account earns dividend/interest credit. This Period begins on the first calendar day of the period and ends on the last calendar day of the period. The Rates and Annual Percentage Yields are the rates and yields as of the last dividend/interest declaration date that is set forth in the Rate Schedule. 4. Accrual of Dividends/Interest. For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club, Vacation Club, Money Market, Traditional IRA Savings, Roth IRA Savings, Coverdell Education IRA Savings Share Certificates and IRA Share Certificates, dividends/interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close any of these accounts before accrued dividends/interest are credited, the accrued dividends/interest will not be paid. 5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Regular Savings, Special Savings, Business/Organization Savings, Interest Checking, Christmas Club, Vacation Club, Money Market, IRA Savings, Roth IRA Savings, Coverdell Education IRA Savings, Share Certificate and IRA Share Certificate accounts there is a minimum balance required to obtain the Annual Percentage Yield for the dividend/interest period. If the minimum balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using an Average Daily Balance method, dividends/interest are calculated by applying a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principle in the account for each day of the period and dividing that figure by the number of days in the period. 6. Account Limitations. A. For Regular Savings, Special Savings, Business/Organization Savings, you may make no more than six (6) withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party in any month. An account which exceeds these limitations may be subject to a fee or be closed. B. For a Christmas Club or Vacation Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after the last day of the interest period (October 31 for Christmas Club, May 31 for Vacation Club) and the account will remain open. If any withdrawal is made from these accounts before the last day of the interest period, we may close the account and no interest will accrue or be paid. C. For a Money Market Account you may make no more than (3) three withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party in any month. D. For Traditional IRA Savings, Roth IRA Savings and Coverdell Education IRA Savings you may not make any withdrawals or transfers by means of a preauthorized, automatic, telephone or similar transfer from these accounts to another account of yours or to a third party. E. We reserve the right to at any time require at least seven (7) days notice in writing before each withdrawal from an interest-bearing account or from any other savings account as defined by FRB Regulation D (time deposits accepted). ================================================================ September 1, 2003 USA Patriot Act – Identify Verification Notice Addendum to Terms of Your Membership Agreement Identity Verification Notice On October, 2001, President Bush signed into law the USA Patriot Act. The purpose of this law is to help protect you, your family and our country from terrorism by preventing terrorist financing. We want you to know that section 326 of this Act requires our credit union to verify the identity of all new credit union members. We must also verify the identity of members and nonmembers added as signatories to and have access to new or existing deposit accounts and loans. We must also retain copies of documents used to verify your identity. If you are an existing member who joined the credit union before the USA Patriot Act rules became effective we may also need to verify and retain copies of any documents used to verify your identity when you request a new deposit account, apply for a loan or are added as a signatory to a new or existing deposit or loan account. We ask for your understanding as we work to support these efforts to maintaining the security of your funds and our country. Please speak with a credit union staff member if you have any questions or concerns about our identification policies. Copyright 2002 CUNA Mutual Notice of Your Rights to Financial Privacy Ohio Catholic Federal Credit Union (hereafter shown as “we”, “our”, or “us”) recognizes the important responsibility we have in protecting private information of our members’ (hereafter shown as “you” or “your”). We intend to protect the personal and financial information that you have entrusted to us and have developed the following privacy policy and approach that respects and addresses your needs. We believe that all personal and financial information that is specific to you that you provide to us by any process constitutes personal information. Collection of Personal Information 1. When you apply for a Credit Union account or service with us, we collect personal information in order to process your application. We may retain this information so that we can provide the products and services you request. Our operating partners also handle some of this information. Our operating partners have agreed to abide by our policy. 2. When you open or use an account or service form us, we retain personal information you provide in the context of using that product or service, including transaction information. 3. After you sign up for our online services, our data system records certain online information, including the transactions you conduct online. These data enable us to process and confirm you transactions. 4. When you send us e-mail, we will retain the content of the e-mail, your e-mail address, and our response in order to assure we have adequately addressed your inquiry and to handle any follow up questions you may have. We may also use it to measure how effectively we address your concerns. Use and Sharing of Personal Information 1. We will use personal information as appropriate in the normal course of our business to provide the products and services that you requested. We will also use this information to provide positive identification of you when you contact us. 2. We will not disclose information to third parties (excluding credit union affiliates) concerning your account with us, except: (a) when such disclosure is necessary to complete the transactions; (B) to verify the existence and condition of your account of a third party (such as a credit bureau) as is permitted by law; (c) to comply with any court order or applicable laws or regulations; or (d) when you give us your written permission. 3. We do not and will not sell or provide personal information to third parties for independent use. We may, however, share personal information with our credit union affiliates, as allowed by federal law, if that information is required to provide a product or service you have requested. Accuracy of Personal Information 1. Our intention is to exercise reasonable procedures in order to assure the accuracy of our records and your personal information. Should you bring inaccurate information to our attention we will correct it as promptly as possible. If you have any questions regarding the accuracy of your personal information, please speak with our member service representative or contact us at ohiocatholicfcu.com. We will investigate your issue and update your records as needed. 2. We request that you keep your personal information as current as possible so that you may receive the maximum member/owner benefits form your Credit Union. It is especially important that you inform us of any address change, including e-mail, so that we may communicate with you. Protection of Personal Information 1. We use multiple levels of security, beginning with your browser and ending with the credit union’s operating system that function as a virtual information vault inside the credit union. Information we receive via online applications is secure and requires industry standard Secure Socket Layer encrypted browsers. 2. We are committed to continuing protection of the privacy of your personal information. As business processes change we will review the measures we employ to protect member records and make changes to our information security practices and other internal control systems to take advantage of new technology. ========================================================================
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