This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which 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, and fees if they are not included in this document. If you have any questions, please call us.

Download the complete Terms and Conditions of Your Account

Effective 2/26/10

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after we receive your deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of deposit. Deposits made at an automatic teller machine may not be available for immediate withdrawal. Electronic direct deposits will be available on the day we receive the deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

The Federal Reserve’s Regulation D limits savings accounts to a maximum of six (6) electronic transfers per month. Our savings products meeting this definition include the following types of accounts: Share, Sub-Share, Saved Change Sub-Share, Money Markets, Coverdell Education Account, and IRA Savings. Electronic transfers include any combination of pre-authorized transfers, automatic transfers, phone or fax transfers, and transfers performed through Home Banking or Bill Payment services. Third party transfers or payments are also limited to no more than three (3) of the six (6) allowed transactions, they include: checks, drafts, or debit cards.

You are allowed to make certain transactions on an unlimited basis. These transactions require that they are performed in person or by a messenger, by mail, or by ATM:

• Transfers for the purpose of repaying loans and expenses within the Credit Union
• Transfers from one account to another that you are an owner of within the credit union
• Transfers into your account
• Withdrawals in person, by messenger, by mail, by ATM or by phone that are disbursed via a check mailed to you

The Unlawful Internet Gambling Act of 2006 prohibits AmeriChoice Federal Credit Union from processing restricted transactions through your business account.

The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Dept of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made”. As a member of AmeriChoice FCU, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business, we will ask that you provide evidence of your legal capacity to do so.

Member Identification Requirements

In accordance with section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identity including name, address and other identifying information.

In some cases, identification will be requested for current members if original documentation was not obtained with the opening of the account. In all cases, protection of our members’ identity and confidentiality is our pledge to you.

We proudly support all efforts to protect and maintain the security of our members and our country.

Respectfully,
The Board of Directors, Management, and Staff

More and more lenders are offering home equity lines of credit. By using the equity in your home, you may qualify for a sizable amount of credit, available for use when and how you please, at an interest rate that is relatively low. Furthermore, under the tax law – depending on your specific situation – you may be allowed to deduct the interest because the debt is secured by your home.^*

If you are in the market for credit, a home equity plan may be right for you or perhaps another form of credit would be better. Before making this decision, you should weigh carefully the costs of a home equity line against the benefits. Shop for the credit terms that best meet your borrowing needs without posing undue financial risk. And, remember, failure to repay the line could mean the loss or your home.

Download the complete Home Equity Line of Credit Disclosure

Download the complete Home Equity Early Disclosure - Important Terms Of Our Home Equity Line of Credit Plan

*Consult a tax advisor for further information regarding the deductibility of interest and charges.

Download the complete Truth In Savings Disclosure

Download the complete Electronic Funds Transfer

AmeriChoice Federal Credit Union and all its Mortgage Loan Originators are registered with the Nationwide Mortgage Licensing System, a free service for consumers to confirm that the mortgage company or mortgage professional with whom they wish to conduct business is licensed. Licensing information can be obtained at www.nmlsconsumeraccess.org.