Disclosures

What you need to know!

Member Agreement And Disclosures

Credit Insurance Notice

Any credit insurance I may have on a loan is voluntary and I may cancel this insurance at any time by notifying the credit union in writing.

Bankruptcy Notice

In the event of bankruptcy, this statement is provided only for informational purposes and to comply with the credit union's legal obligations to provide periodic statements. In any event, this statement is not an attempt to collect a debt.

NON-TRANSFERABLE AS DEFINED IN 12 C.F.R. PART 204 (REGULATION D)
DATES SHOWN ARE THE DATES THE CREDIT UNION POSTED THE AMOUNTS TO MY ACCOUNT.

Finance Charge on Open End Account

The finance charge is figured by multiplying the actual daily balance for each day the balance is outstanding times the daily periodic rate then in effect. The actual daily balance is the total of the outstanding balance at the beginning of each day, plus any new advances and minus any payments or credits made that day. Use of the actual daily balance method to compute the finance charge is equivalent to the use of the average daily balance method described in section 2-402 of the Maine Consumer Credit Code.

In case of Errors or Inquiries about your statement of open end loan account

If you think your statement is wrong or if you need more information about a transaction on your statement, write us at P.O. Box 1746, Lewiston, ME 04241-1746 as soon as possible. We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, give us the following information:

1. Your name and account number
2. The dollar amount of the suspected error
3. Describe the error and explain, if you can, why you believe there is an error

If you need more information, describe the item you are unsure about.

You do not need to pay any amount in question while we are investigating, but you are still obligated to pay amounts you owe that are not in question. While we investigate your question, we cannot report you as delinquent or take any action to collect the amount you question.

in case of errors or questions about your electronic transfers

Telephone us at (207) 783-1475 (8:30 a.m. to 5:00 p.m., Monday through Friday, except holidays) or write us at P.O. Box 1746, Lewiston, ME 04241-1746, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the first statement on which the problem or error appeared.

1. Tell us your name and account number (if any)
2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information
3. Tell us the dollar amount of the suspected error

We will investigate your complaint and will correct any errors promptly. If we take more than 10 business days to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes to complete our investigation.

Notices by Internet or e-mail to the credit union are not acceptable and will not be acted upon by the credit union. Disclosures for electronic services are included with the printed application forms. When a member signs up for any of the electronic services, the credit union requires their signature. The disclosures are mailed to the member to retain. There is no option for the member to accept the disclosure online.