Credit Union Liability definition

Credit Union Liability. If we do not properly complete a transaction according to this Agreement, we will be liable for your losses or damage not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if:
View Source
Credit Union Liability. A downloadable application (Software) is available for Credit Union’s Mobile Check Deposit. Use of the Software is secure and requires log in authentication. The Service and/or Software may not be available at any time for any reason outside of the reasonable control of the Credit Union or any service provider. Delivery and receipt of deposit transactions through the Service may be delayed or impacted by factors pertaining to your phone carriers, other parties, or because of other reasons outside our control.
View Source
Credit Union Liability. The Credit Union shall be responsible only for performing the funds transfer services provided in this agreement and shall be liable only for its negligence or willful misconduct in performing these services. The Credit Union shall not be liable for acts of omissions by the Member, without limitation, any funds transfer system, any Federal Reserve Institution, any beneficiary’s institution, and any beneficiary, none of which shall be deemed the Credit Union’s agent. Without limitation, the Credit Union shall be excused from delaying or failing to act if caused by legal constraint, interruption of transmission or communications facilities, equipment failure, war, emergency conditions, strikes, or other circumstances beyond the Credit Unions control. In addition, the Credit Union shall be excused from delaying or failing to execute a transfer if it would result in the Credit Union exceeding any limitation on its intra-day net funds position established through Federal Reserve guidelines or if it would result in violating any present or future risk control program of the Federal Reserve or a rule or regulation of other governmental regulatory authorities. In no event shall the Credit Union be liable for any consequential, special, punitive, or indirect losses or damages incurred relating to this agreement including, without limitation, subsequent wrongful dishonor resulting from the Credit Union’s acts or omissions. Reconcilement: All transfers will appear on the Member’s regular account statement. It is the Member’s obligation to examine the statement for any discrepancy concerning any payment order. If the Member fails to notify the Credit Union of any such discrepancy within 60 days after the member receives the statement, the Credit Union shall not be liable for and the member shall indemnify and hold the Credit Union harmless from any loss of interest with respect to the payment order and any other loss which could have been avoided had the Member given such notice.
View Source

Examples of Credit Union Liability in a sentence

  • General Limitations on Credit Union Liability: We are not liable to you for any Loss caused by an event that is beyond our reasonable control including if circumstances beyond our reasonable control prevent us or delay us in performing our obligations with regard to any transaction, including acting on a payment order, crediting any funds transfer to your Account(s), processing an Item or crediting your Account(s).

  • General Limitations on Credit Union Liability: We are not liable to you for any loss caused by an event that is beyond our reasonable control including if circumstances beyond our reasonable control prevent us or delay us in performing our obligations with regard to any transaction, including acting on a payment order, crediting any funds transfer to your Account(s), processing an Item or crediting your Account(s).

  • Any written notice to the Credit Union by the Member must be hand delivered or sent by U.S. mail or express carrier to: Credit Union Liability: The Credit Union shall be responsible only for performing the fund/wire transfer services provided in this Agreement and shall be liable only for its willful misconduct in performing such services.

  • General Limitation on Credit Union Liability: We are not liable to you for any Loss caused by an event that is beyond our reasonable control including if circumstances beyond our reasonable control prevent us or delay us in performing our obligations with regard to any transaction, including acting on a payment order, crediting any funds transfer to your account(s), processing an item or crediting your account(s).

  • Credit Union Liability for Failure to Make Electronic/Pre-Authorized Transfers If the credit union does not complete an electronic/pre-authorized transfer to or from your account on time or in the correct amount according to its agreement with you, the credit union will be liable for your losses or damages.

  • General Limitations on Credit Union Liability: We are not liable to you for any Loss caused by an event that is beyond our reasonable control, particularly if circumstances beyond our reasonable control prevent us or delay us in performing our obligations with regard to any transaction, including acting on a payment order, crediting any funds transfer to your account(s), processing an item or crediting your account(s).

  • Alcoa Tenn Federal Credit Union PO Box 9001 Alcoa, TN 37701 Alcoa Tenn Federal Credit Union Liability Access to the Digital Banking System may be temporarily unavailable from time to time due to system updating, maintenance or technical difficulties.

  • Patent & Trademark Office Federal Credit Union Liability: If the Patent & Trademark Office Federal Credit Union does not properly complete a transaction according to this Agreement, the Patent & Trademark Office Federal Credit Union will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law.

  • General Limitations on Credit Union Liability: We are not liable to you for any loss caused by an event that is beyond our reasonable control, including if circumstances beyond our reasonable control prevent us or delay us in performing our obligations with regard to any transaction, including acting on a payment order, crediting any funds transfer to your Account(s), processing an item or crediting your Account(s).


More Definitions of Credit Union Liability

Credit Union Liability. If we do not properly complete a transaction according to this Agree- ment, we will be liable for your losses or damage not to exceed the amount of the transac- tion, except as otherwise provided by law. We will not be liable if:
View Source

Related to Credit Union Liability

  • Credit Union means a cooperative, nonprofit association incorporated under chapter 533 or the Federal Credit Union Act, 12 U.S.C. §1751 et seq., that is insured by the national credit union administration and includes an office of a credit union.

  • Risk Participation Liability means, as to each Letter of Credit, all reimbursement obligations of Borrowers to the Issuing Lender with respect to an L/C Undertaking, consisting of (a) the amount available to be drawn or which may become available to be drawn, (b) all amounts that have been paid by the Issuing Lender to the Underlying Issuer to the extent not reimbursed by Borrowers, whether by the making of an Advance or otherwise, and (c) all accrued and unpaid interest, fees, and expenses payable with respect thereto.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Environmental, Health and Safety Liabilities means any cost, damages, expense, liability, obligation, or other responsibility arising from or under Environmental Law or Occupational Safety and Health Law and consisting of or relating to:

  • Credit union service organization means an organization, corporation, or association whose membership or ownership is primarily confined or restricted to credit unions or organizations of credit unions and whose purpose is primarily designed to provide services to credit unions, organizations of credit unions, or credit union members.