Common use of Unjust Enrichment Clause in Contracts

Unjust Enrichment. The credit union has the right to reverse a transaction, take collection action or demand restitution when a member profits or is unjustly enriched at the expense of another, or at the expense of the credit union because of a clerical or system error. The member will be required to make restitution for the reasonable value of any cash, negotiable instrument, property, services, or other benefits that have been unfairly received and retained. INACTIVE ACCOUNTS - If your account has had no activity for at least six (6) months, has less than a $50.00 aggregate balance and no open loans, it can be assessed an “Inactive Account Fee” as disclosed in the schedule of Fees & Charges (or any part therein, if your account balance is below the fee) each quarter, for as long as the account remains inactive. If your account reaches a zero balance, it will be closed. To reactivate your account and avoid the fee, please contact the credit union.

Unjust Enrichment. The credit union has the right to reverse a transaction, take collection action or demand restitution when a member profits or is unjustly enriched at the expense of another, or at the expense of the credit union because of a clerical or system error. The member will be required to make restitution for the reasonable value of any cash, negotiable instrument, property, services, or other benefits that have been unfairly received and retained. INACTIVE ACCOUNTS - – If your account has had no activity for at least six (6) months, has less than a $50.00 aggregate balance and no open loans, it can be assessed an “Inactive Account Fee” as disclosed in the schedule of Fees & Charges (or any part therein, if your account balance is below the fee) each quarter, for as long as the account remains inactive. If your account reaches a zero balance, it will be closed. To reactivate your account and avoid the fee, please contact the credit union.