Issuance of Access Devices Clause Samples

Issuance of Access Devices. The Credit Union can only issue you an EFT access device, such as a VISA Check Card, upon your request or if its issuance is for renewing or substituting an access device you currently have. However, we may distribute an access device to you without request if each of the following conditions are met: The access device is not validated (i.e. the member can not use the access device without contacting the Credit Union). ◆ An initial disclosure statement accompanies the mailing, describing the member’s rights and liabilities if the access device is validated. ◆ You receive a clear explanation, stating that the device is invalid and instructing you on how to dispose of the device if you do not want it. ◆ The access device can be validated only in response to a member’s verbal or written request after the Credit Union verifies the member’s identity.
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Related to Issuance of Access Devices

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