DCU Membership Application Checklist

Transcription

1 DCU Membership Applicatin Checklist T speed up the prcessing f yur applicatin, please fllw these steps: 1. Fill ut the applicatin cmpletely and sign it. Incmplete r unsigned applicatins will be returned. 2. Include riginals r true cpies f the required identificatin (see belw) fr bth Prime Member and Jint Owner(s). A recent pay stub is required if yu are applying fr a lan fr all applicants. Frward true legible cpies (by mail) r prvide riginals (in persn) fr tw f the fllwing frms f identificatin ne f which must include a picture and ne f which must reflect yur current address. (If ne f these frms f identificatin includes bth yu need nly submit that ne.): Valid US Driver s License US Scial Security Card Passprt Utility Billing Statement US Military ID US Wrk Visa Other Picture ID Issued by US Federal, State, r Lcal Gvernment 2nd frm f identificatin always required with Federal, State r Lcal ID card DCU reserves the right t require additinal infrmatin. Applicatins that are sent withut the prper identificatin will be returned t yu unprcessed. 3. Scial Security Number r ITIN is required fr all applicants. 4. Enclse a check r mney rder made ut t Digital Federal Credit Unin: Membership Yu must enclse a minimum depsit f at least $5.00 t a Primary Savings Accunt t pen yur membership. NOTE: Each Membership is limited t ne cre savings prduct (i.e. Primary Savings Accunt r Savings Accunt, as applicable). Fr additinal savings ptins please visit dcu.rg r stp by any branch lcatin. Secured Visa Credit Card Please nte if applying fr a secured Visa Credit Card yu must include cashier s check r mney rder fr the amunt f credit yu are requesting. This will be held as security against the lan. 5. Mail yur applicatin, check, and cpies f yur identificatin, and (if applicable) cpies f yur pay stub t: What yu can expect Once yu mail yur applicatin, please... Digital Federal Credit Unin Accunt Services Department 220 Dnald Lynch Bulevard, PO Bx 9130 Marlbrugh, MA Allw 2 weeks t receive yur New Member Welcme Kit including a DCU membership, disclsures, and a fee schedule. Allw 2 weeks t receive yur DCU PIN (Persnal Identificatin Number). This is the secret number yu ll need t use ATMs, Online Banking, and Easy Tuch Telephne Teller. Allw 2-4 weeks fr prcessing f yur Membership and receipt f member card infrmatin. If yu re pening a DCU Checking Accunt, please als... Allw 2 weeks t receive yur starter checks and infrmatin t select yur first rder f checks. Allw 3 weeks fr yur DCU Visa Check Card. If yu re applying fr a DCU Visa Credit Card and have been apprved, please... Allw 2 weeks t receive yur card(s).

2 Definitins Cashier s Check A check drawn n the accunt f a financial institutin, nt that f a private persn. Persnal accunt funds may be used t purchase a cashier s check. Field f Membership (FOM) A defined categry within which an individual must fall t be eligible fr membership in a particular credit unin. Federal regulatins in effect since March 5, 1999 affecting all Federal Credit Unins set the requirements fr DCU membership eligibility. Please read the infrmatin belw befre applying fr membership. Secured Visa A credit card lan with a credit limit secured by funds n hld in yur DCU savings accunt. Fr members trying t reestablish credit r wh ve nt yet established a significant credit line. Credit lines frm $500 t $5,000. DCU Membership Eligibility Eligibility by Family Relatinship t a Current DCU Member Relatives f DCU members are eligible t jin by federal regulatin if yu are a spuse, dmestic partner, child, sibling, parent, grandparent r grandchild f a current member. This includes stepchildren, stepparents, stepsiblings, and adpted children. Eligibility by Field Membership Our Field Membership (FOM) is the list f cmpanies and rganizatins whse emplyees, retirees, r members are eligible t jin DCU under ur charter. Our FOM is listed n the Membership page in the DCU web site ( Yu are eligible t jin if yu currently wrk fr r retired frm a cmpany r rganizatin in ur FOM, r yu belng t an rganizatin in ur FOM. Eligibility by Cmmunity Yu are autmatically eligible t jin DCU if yu live, wrk, wrship, r attend schl in ne f the cmmunities in ur list (see dcu.rg fr the grwing list). Any business r ther legal entity lcated in ne f these areas is als autmatically eligible t jin. Rev

3 Digital Federal Credit Unin 220 Dnald Lynch Blvd PO Bx 9130 Marlbrugh, MA dcu.rg (DCU ONLY: Member # ) Membership Applicatin Instructins: Sectins 1, 2, and 5 must be cmpleted. Please review entire applicatin and cmplete additinal sectins as applicable. Include n less than $5 with this applicatin. Incmplete r illegible applicatins will result in delays. 1. FIELD OF MEMBERSHIP MUST BE COMPLETED (Select One) if unsure please g t dcu.rg fr a cmplete listing f eligible entities: I am eligible t jin thrugh my Emplyer: Cmpany Name I am eligible t jin as a member f: Name f Organizatin r Assciatin I am eligible t jin thrugh the fllwing Immediate Family Member spnsr (includes adptive, in-law, and step relatinships) which yu may verify: This persn name is and s/he is my: spuse r dmestic partner, child, grandchild, parent, grandparent, r sibling. IMPORTANT INFORMATION: We are required, by federal law, t btain, verify, and recrd infrmatin that identifies each persn pening r having access t a DCU Accunt. We will ask fr yur legal name, residential address, Scial Security Number (SSN) r Individual Taxpayer Identificatin Number (ITIN), Phne Number, and Date f Birth. REQUIRED IDENTIFICATION: N individual can be named n this accunt in any capacity withut having prvided the fllwing current identificatin, ne f which must include a picture and ne f which must reflect the Individual s current residential address as given. If ne f these frms f identificatin includes bth yu need nly submit that ne: US Driver s License US Scial Security Card Passprt US Military ID US Wrk Visa Other Gvernment Issued picture ID (2 nd ID always required) Utility bill (fr residential address verificatin nly). DCU reserves the right t request additinal identificatin. Fr purpses f verifying the residential address nly, yu may als submit a cpy f a utility r ther bill reflecting the address. If yu are already a DCU member, yu are nt required t prvide the REQUIRED IDENTIFICATION but yu must prvide yur DCU Member #, Legal Name, and SSN belw. 2. GENERAL INFORMATION Please Print Clearly PRIME OWNER Legal Last Name JOINT OWNER/ CO-BORROWER Legal Last Name Legal First Name Legal First Name Middle Middle Scial Security # MUST enter Prime Owner s SSN, r ITIN in Sectin 5. n reverse. Male DOB / / Female Occupatin Residential Address City/State/ZIP # Year(s) at this address. If less than tw (2), my previus address is: Street City State ZIP Scial Security # - - Male DOB / / Female Occupatin Residential Address City/State/ZIP # Year(s) at this address. If less than tw (2), my previus address is: Street City State ZIP Phne # (Hme) (Wrk) Phne # (Hme) (Wrk) Address Address 3. ACCOUNTS & SERVICES Instructins: I will check Individual fr thse which I am applying fr in my name nly, Jint when applicable ONLY when I want that accunt accessible t the Jint Owner I have listed abve. NOTE: If I give my PIN t my Jint Owner, that Jint Owner will be able t access the Membership via Easy Tuch Telephne Teller and Online Banking, as well as with a DCU Check r ATM Card if ne is rdered in that Jint Owner s name. Individual Jint Primary Savings Accunt (please include n less than $5 with this applicatin required t pen and maintain Membership) Persnal Identificatin Number (PIN) fr Electrnic Service usage. (I understand this will be generated and mailed t the Prime Owner s address.) Electrnic Accessibility via Online Banking and Easy Tuch Telephne Teller I understand I will be receiving Electrnic Statements fr all my accunts, ntificatin f which will be sent t the address abve, unless I check here. FREE Checking* I have read the Disclsure n the last page f this Applicatin and wuld like t: Please read if pening Checking Accunt prduct Opt-in t Overdraft Payment Service. Opt-in t Overdraft Payment Service but d nt want DCU t Authrize and pay verdrafts fr my everyday check card transactins prcessed utside f the PIN netwrk. (I understand that I will receive an acknwledgement f this request in 2 business days) Print the fllwing n my checks (printer s charge will apply) Prime Name Jint Name Address Phne Other Visa Check (debit) Card r Savings ATM Card* (circle ne) Mney Market Accunt ($1,000 minimum required t earn dividends) Please als prvide Mney Market Checks at this time. Ltd Savings Accunt ($25,000 minimum required t earn dividends) *Upn Apprval Allw Days t Receive

4 4. VEHICLE LOAN I am at least 18 years f age and I am als applying fr the fllwing lan. I agree t sign all dcuments required t create a valid lan and security agreement. I will be cntacted by a DCU representative t discuss the details. (Nte: Cmplete the C-Brrwer sectins ONLY if making an applicatin fr JOINT credit.) Annual Incme: Brrwer: $ (PRIME wner n reverse) C-Brrwer (if applicable): $ (as named in Sec. 2 n reverse) Include a cpy f a recent paystub r ther incme verificatin with this request. Alimny, child supprt, r separate maintenance incme need nt be revealed as incme if yu d nt wish t have it cnsidered as a basis fr repaying this bligatin. Emplyer: Brrwer: C-Brrwer: (if applicable) Length f Emplyment: Brrwer: C-Brrwer: (if applicable) Husing Expense: Own ($ /Mnth) r Rent ($ /Mnth) Vehicle Lan Amunt $, r As much as I m apprved fr as an individual r with c-brrwer listed. Let Us See If We Can Save Yu Mney Please send infrmatin n Payment Prtectin. Give us the fllwing infrmatin abut yur current aut lan. We ll d a FREE refinance evaluatin and cntact yu with an answer sn. Institutin Name Their Phne # ( ) Mileage miles, Interest Rate %, Remaining Term mths, Year/Make/Mdel Cntact Me Via (address):, r By Phne (daytime #): ( ) 5. AGREEMENT AND TAXPAYER ID NUMBER (TIN) CERTIFICATION & BACKUP WITHHOLDING Agreement: I certify that I am within the field f membership, whether by way f emplyment, rganizatinal r assciatinal affiliatin, r an immediate family relatinship as defined in yur Truth-in-Savings (TIS) Disclsure and Accunt Agreements. Signing belw and/r use f my PIN cnstitutes an agreement t cnfrm t the terms and cnditins f the TIS Disclsure and Accunt Agreements, the Electrnic Services Disclsure and Agreements, and the Schedule f Fees and Service Charges all f which are incrprated by this reference, whether applicable t prducts and services I am currently requesting r thse I request in the future. Easy Tuch Telephne Teller and Online Banking will be immediately accessible. I may btain a cpy f any f these disclsures at any branch ffice r thrugh yur Infrmatin Center. These disclsures (as applicable) will be delivered t me nce my membership has been pened. If I, the Prime Owner, am under 17 years f age, I understand that I must have a parent r guardian f legal age jint n any checking accunt(s) I have with yu. I authrize yu t gather and exchange whatever credit, checking accunt and emplyment infrmatin yu cnsider apprpriate frm time t time and understand yu may make credit r ther decisins based in part n this infrmatin. Taxpayer Identificatin Number (TIN) - Enter yur TIN in the bx belw. Fr individuals, this is yur Scial Security Number (SSN). Hwever, if yu are a resident alien and d nt have and are nt eligible t get a SSN, yur TIN is yur IRS individual taxpayer identificatin number (ITIN). If the accunt is in mre than ne name, see the chart in the TIS Disclsure fr guidelines n what number t enter. Typically this will be the Prime Owner s SSN. TIN/SSN Bx: Payee exempt frm Backup Withhlding: See Part III Instructins in the TIS Disclsure Certificatin - Under penalties f perjury, I certify that: (1) The infrmatin n this frm is true, crrect, and cmplete and if prven therwise yu may demand payment in full n any debt I have utstanding with yu r revke any services I use, and (2) The number shwn n this frm is my crrect taxpayer identificatin number, and (3) I am nt subject t backup withhlding because: (a) I am exempt frm backup withhlding and have cmpleted and delivered t yu the apprpriate exemptin frm, r (b) I have nt been ntified by the Internal Revenue Service (IRS) that I am subject t backup withhlding as a result f failure t reprt all interest r dividends, r (c) the IRS has ntified me that I am n lnger subject t backup withhlding. I agree t crss ut number 3 just previus if I have been ntified by the IRS that I am subject t backup withhlding because I have failed t reprt all interest and dividends n my tax return, and (4) I am a U.S. persn (including a U.S. resident alien). The IRS des nt require me t cnsent t any f the prvisins f this dcument ther than the certificatin required t avid backup withhlding. NOTE: If applying fr a VEHICLE LOAN (Sectin 4 abve), bth the Brrwer and the C-Brrwer (if applicable) certify they have prvided a valid and verifiable Scial Security Number n this applicatin as is required by DCU in rder t btain a lan. If bth Brrwer and C-Brrwer infrmatin is supplied, and each signs belw, we understand and agree this cnstitutes ur making an applicatin fr jint credit. Prime Owner s Signature Date Jint Owner s (C-Brrwer s) Signature Date DID YOU REMEMBER TO (Yur membership cannt be pened withut yu ding the fllwing) Write clearly Enter yur Scial Security # abve Include initial depsit f at least $5 Sign (Prime and Jint Owner) Include Required Identificatin INTERNAL USE ONLY: Rec d / / Prc. By # Ver. By # SDC # Prime ID Type # Issue Date / / Exp / / Add l Dc Jint ID Type # Issue Date / / Exp / / Add l Dc M729a (9.2015)

5 Overdraft Payment Services Disclsure (What Yu Need t Knw Abut Overdrafts and Overdraft Fees) Please review carefully and save a cpy fr yur recrds. An verdraft ccurs when yu d nt have enugh mney (as described in Sectin 4 f this Disclsure) in yur checking accunt t cver a transactin, but we pay it anyway. We can cver yur verdrafts in tw different ways: We have standard verdraft practices that cme with yur DCU Checking Accunt if yu pt-in and are apprved. We call this ur Overdraft Payment Service. The Overdraft Payment Service is meant t cver unintentinal verdrafts and emergencies. This is nt a line f credit and any resulting verdrawn balance must be prmptly repaid. We als ffer verdraft prtectin plans, such as a link t a Primary Savings Accunt r t a Line f Credit (if yu apply and are apprved), which may be less expensive than ur Overdraft Payment Service. T learn mre, ask us abut these plans by cntacting us at r visiting any f ur branch lcatins. The fllwing explains ur Overdraft Payment Service. 1. What cmes with DCU s Overdraft Payment Service if yu pt-in and are apprved? DCU ffers tw different types f cverage based n the ptin yu select when yu pt-in. If yu pt-in t and are apprved fr Basic Overdraft Payment Service, we d authrize and pay verdrafts fr the fllwing transactins: Checks and ther transactins made using yur checking accunt number Autmatic bill payments and ther pre-authrized transactins We d nt authrize r pay verdrafts fr the fllwing transactins: Everyday debit card transactins (nn-pin) ATM transactins Everyday debit card transactins (prcessed thrugh the PIN netwrk) If yu pt-in t and are apprved fr Full Overdraft Payment Service, we d authrize and pay verdrafts fr the fllwing transactins: Checks and ther transactins made using yur checking accunt number Autmatic bill payments and ther pre-authrized transactins Everyday debit card transactins (nn-pin) We d nt authrize r pay verdrafts fr the fllwing transactins: ATM transactins Everyday debit card transactins (prcessed thrugh the PIN netwrk) We authrize and pay verdrafts at ur discretin, which means we d nt guarantee that we will always authrize and pay any type f transactin. If we d nt authrize and pay an verdraft, yur transactin will be declined. 2. What fees will yu be charged if DCU pays yur verdraft? Under ur Overdraft Payment Service: We will charge yu a fee f $30 each time we pay an verdraft, up t a maximum f $60 in paid 1

6 transactin verdraft fees per day per checking accunt. We may authrize and pay transactins that verdraw yur accunt up t $1500 at any ne time. If the verdrawn amunt PLUS the applicable fee wuld result in an verdrawn balance f greater than $1500, the transactin will nt be authrized/paid*. The paid transactin verdraft fee is the same amunt that yu wuld be charged if the transactin were returned. Please refer t DCU s Schedule f Fees and Service Charges fr infrmatin n verdraft, returned transactin, and ther fees. * This des nt include debit card transactins previusly authrized which DCU must hnr. 3. Hw t Opt-In r Opt-Out f DCU s Overdraft Payment Service Yu may pt-in r pt-ut f DCU s Overdraft Payment Service anytime by: Lgging int nline banking: select Accunt Manager, Manage Accunts, and then Overdraft Payment Service under Services; Cntacting ur Infrmatin Center at Stpping by any branch lcatin; r Letting us knw in writing by prviding yur name, member number, signature and date, and the ptin yu ve chsen: Basic Overdraft Payment Service Full Overdraft Payment Service N Overdraft Payment Service 4. Understanding Yur DCU Checking Accunt Balance and When a Transactin May Result in an Overdraft DCU uses yur available accunt balance when determining whether a transactin verdraws yur accunt. Yur DCU checking accunt has tw types f balances: the current balance and the available balance. Yu generally have access t bth balances when reviewing yur accunt nline, at an ATM, by phne, r at a branch; hwever, the available balance will nly reflect transactins that have been authrized r psted t yur accunt. This means that the available balance that yu can review in yur accunt will nt necessarily reflect a check that yu have written r electrnic withdrawal that yu have authrized, but which has nt yet psted t yur accunt. This makes it imprtant fr yu t keep track f all transactins that yu authrize, but which have nt yet psted t yur accunt. The infrmatin belw explains the differences between yur current accunt balance and yur available accunt balance and hw an verdraft may ccur when yu d nt have the necessary available balance in yur accunt t cver transactins yu have made. Yur Current Accunt Balance Yur current balance is the amunt f mney that is actually in yur accunt at any given time. Yur current balance reflects transactins that have psted t yur accunt, including depsit transactins which may be subject t a hld. The current balance des nt include ther transactins that yu have initiated but which have nt yet reached yur accunt such as debit card purchases that have been authrized and are pending r checks yu have written that have nt yet cleared. Yu shuld nt rely n the current balance when determining hw much mney yu can spend withut incurring an verdraft. Examples f Current Balance Yu have a $100 current balance and yu write a check fr $60. Until that check clears yur accunt, yur current balance is $100, because it des nt include the pending check transactin which has nt yet psted. While yur current balance is $100, yu knw yu have already allcated 2

7 $60 f that fr the check yu wrte. Yu have a $100 current balance and yu make a $60 nline purchase with yur debit card (nn- PIN). In mst cases, the merchant will submit an authrizatin hld against yur accunt fr the $60; hwever, whether r nt the merchant des this, yur current accunt balance remains at $100, because the pending nline debit card transactin has nt yet psted t yur accunt. While yur current balance is $100, yu again knw yu have already allcated $60 f that fr yur nline debit card purchase. Yur Available Balance Yur available balance is the amunt f mney that is available t be spent and accunts fr hlds n depsited funds as well as funds that have already been reserved r allcated fr anther transactin, such as a debit card transactin fr which a merchant submitted an authrizatin, but that has nt actually been withdrawn frm the accunt (in ther wrds, mney yu have already spent). When deciding whether yu can spend mney withut incurring an verdraft, yu shuld review yur available balance and accunt fr any transactins that yu have authrized (e.g., checks written r electrnic withdrawals yu have already authrized), but which have nt yet psted t yur accunt. Examples f Available Balance (assuming yu have pted-in t Full Overdraft Payment Service cverage) Yu have a $100 actual balance and yu write a check fr $60. Until that check cmes in t clear yur accunt, yur current balance will reflect $100 because it des nt include the pending check transactin which has nt yet psted. While yur current balance is $100, yu knw have already allcated $60 f that fr the check yu wrte, leaving $40 available t spend. Yu withdraw $70 in cash. The fllwing day, the $60 check clears. The check draws yur accunt balance negative $30 and thereby creating an verdraft. The check is paid, and an verdraft fee is assessed. Yur resulting balance is negative $60. $100 - $70 (cash) - $60 (check) - $30 (verdraft fee) = -$60 Yu have a $100 current balance and yu make a $60 nline purchase with yur debit card. In mst cases, the merchant will submit an authrizatin hld against yur accunt fr the $60. When the merchant des this, yur current accunt balance remains at $100, because this pending nline debit card transactin has nt yet psted. While yur current balance is $100, yu again knw yu have already allcated $60 fr yur nline purchase, leaving $40 available t spend. Yu make anther (nn-pin based) debit card purchase fr $70. The fllwing day, the first $60 debit transactin clears, and the next day the $70 debit card transactin clears, drawing yur accunt balance negative $30 and thereby creating an verdraft. An verdraft fee is assessed. Yur resulting balance is negative $60. $100 - $60 (1st debit purchase) - $70 (2nd debit purchase) - $30 (verdraft fee) = -$60 It is very imprtant t understand that yu may still verdraw yur accunt even thugh the available balance appears t shw that there are sufficient funds t cver a transactin that yu want t make. This happens because the available balance des nt include certain transactins, such as scheduled Payment Center transactins, depsits with hlds n them, checks that yu have written but that have nt yet cleared yur accunt, and debit card purchases fr which either the merchant did nt submit an authrizatin hld r the merchant s hld expired befre the merchant submitted the transactin fr settlement. Yu can avid verdrafts by simply keeping clse track f the mney yu spend regardless f hw yu spend it. Once yu write a check, swipe r dip yur debit card, authrize an electrnic withdrawal, r use any ther transactin methd yu shuld mentally (r by hand in a register) subtract that dllar amunt frm the balance f funds in yur accunt available t yu t spend. Fr infrmatin n hw DCU psts transactins t yur accunt, refer t the Truth-in-Savings Disclsure and Accunt Agreements. 3

8 5. Hw D Yu Qualify fr and Maintain Access t DCU s Overdraft Payment Service? In rder t initially be apprved fr Overdraft Payment Service and t remain eligible, yu must be at least 23 years f age and a member in gd standing with a DCU Checking Accunt pen fr a minimum f 90 days. Please understand that, althugh yu may pt-in anytime, yu will nt be apprved until these cnditins are met. Any negative balance in yur checking accunt that results frm DCU having paid a transactin that causes an verdraft must be repaid prmptly. Negative balances nt repaid prmptly will result in yu being suspended r terminated frm access t the Overdraft Payment Service. 6. Hw Can Yu Avid Overdrafts? Everyne makes mistakes, but here are a few things members can d t avid verdrafts: Recrd all debit card purchases, checks, Payment Center transactins, depsits, credits, transfers, and ATM withdrawals in yur check register. D this as sn as yu initiate the transactin if it's a withdrawal (i.e. as sn as yu write the check, use yur debit card, etc.), r as sn as the transactin actually ccurs if it's a depsit. Remember t include any recurring withdrawals yu have scheduled t ensure the mney is in yur accunt befre the withdrawal clears yur accunt. T cver ptential mistakes, keep a cash cushin in yur accunt. If yu can manage it, an amunt equal t ne week s typical bills is a gd rule f thumb. Set up a Balance is Less Than ntificatin in Online Banking. Pick a minimum safety balance and we will send yu an if yur balance drps belw that amunt. Cntact billers. If the day yu receive yur payrll depsits makes meeting yur current due dates challenging, many billers will allw yu t mdify yur due date. Cntact BALANCE, a free service ffered t ur members. They ffer n-cst financial educatin services. Visit the BALANCE website: Call BALANCE: Call a Financial Cunselr, tll-free at Abve all, make sure there is enugh mney in yur accunt t cver yur transactins befre yu initiate them and review yur accunt nline frequently and yur mnthly statement prmptly t prevent a small mistake frm becming a larger prblem. Fr mre infrmatin regarding verdrafts, g t dcu.rg, call ur Infrmatin Center , r us at dcu@dcu.rg. 4 M729a (Rev. March )