ASECU Student Organization Membership and Account Application

Notice to Authorized Signers

NOTICE TO AUTHORIZED SIGNERS: The individual(s) signed on this account application or any corresponding new or amended applications (herein “I,” “We,” “My/Our,” “Authorized Signer[s],” “Signer[s],” “Signatory[ies],” “Transactor[s]”) are recognized as the authorized signers and transactors for this account. The business, organization, it’s owners and signatories (herein “Business”) authorize ASECU to recognize any of the signatures subscribed below hereof in the payment or withdrawal of funds or the transaction of any business for this account. This membership and account application, as properly changed or amended from time to time, will serve as the primary document used to recognize those persons authorized to transact on behalf of the business. In the event of any dispute involving ownership of funds or rights to transact, the credit union reserves the right to suspend all account activity and may require a court ordered resolution. The individual identified below as “Signer #1” will be designated as the only person authorized to vote in credit union elections on behalf of the Business. Further, the Business and all Signers will be bound by the same Credit Union policies, procedures, rules and restrictions as any natural person  accounts, plus any additional rules contained in this agreement.

Signers

---

By signing below, the Organization and its Signers apply for membership in, and agree to abide by the policies, procedures, rules and bylaws, plus any amendments or changes thereof, in the Associated School Employees Credit Union (herein “ASECU,” or “Credit Union”). I agree to the terms and conditions of the Membership and Account Agreement, Truth-in-Savings Disclosure, Schedule of Fees, Funds Availability Policy Disclosure, if applicable, and to any amendment the Credit Union makes from time to time which are incorporated herein, for any account I have with the Credit Union now or in the future and agree that ASECU may change those terms, conditions and schedules from time to time without notice. I acknowledge receipt of a copy of the agreements and disclosures applicable to the accounts and services requested herein. If an access card or Electronic Fund Transfer (EFT) service is requested and provided, I agree to the terms of and acknowledge receipt of the EFT Agreement and Disclosure. In accordance with the Unlawful Internet Gambling Enforcement Act, credit union members are prohibited from engaging in unlawful internet gambling. I agree that I will not use my account and access card(s) to engage in unlawful internet gambling, or any other transaction that is illegal under applicable federal, state, or local law. I certify that the Organization and at least a majority of Authorized Signers are within the field of membership of this Credit Union, and the information provided on this application is true and correct. If requested, I agree to give up to sixty (60) days advance notice prior to any withdrawals. I authorize the Credit Union to verify my identifying information, account and collection history, credit report and current account standing with consumer reporting agencies; and further allow the Credit Union to report the same to such agencies.
If a checking account is granted, heretofore or hereafter, the Organization agrees the Credit Union is authorized to pay checks signed by the Signatories on this form and to charge all such payments against the funds in this account. I/We further agree that: (a) Only checks and other methods approved by the Credit Union may be used to make withdrawals from this account. (b) The Credit Union is under no obligation to pay a check that exceeds the fully paid and collected balance in this account. The Credit Union may, however, pay such check and transfer savings to this account in the amount of the resulting overdraft, plus a service charge, from any other account from which any of the undersigned is then eligible to withdraw. In addition, the Credit Union may, at its sole discretion, pay overdrafts using an overdraft program plus a non-sufficient funds (NSF) charge for each item; subject to the policy, terms and conditions of said program,regardless of which Authorized Signer created the overdraft situation. The Organization and its Signatories hold harmless and indemnify ASECU from any liability arising from this activity. (c)
The Credit Union may pay a check on whatever day it is presented for payment, notwithstanding the date (or any limitation on the time of payment) appearing on the check. (d) When paid, checks become the property of the Credit Union and will not be returned either with the periodic statement of this account or otherwise. (e) Except for negligence, the Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check. (f) Any objection regarding any item shown on a periodic statement of this account is waived unless made in writing in accordance with the Credit Union’s dispute resolution policy. (g) This account is subject to the Credit Union's right to require advance notice of withdrawals. (h) This account is also subject to such other terms, conditions and service charges as the Credit Union may establish from time to time, including the provisions incorporated herein. (i) All signers of this agreement hall be subject to any additional terms and conditions of membership contained on this application.
IMPORTANT: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: when you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Transactions to or from any account may be limited until the verification of identity for all account signers is completed. All account owners must sign below and submit a copy of a valid drivers license or other government issued identification.

---

Certification of Membership

By signing below, I apply for membership in, and agree to abide by the policies, procedures, rules and bylaws, plus any amendments or changes thereof, in the Associated School Employees Credit Union (herein “ASECU,” or “Credit Union”). I agree to the terms and conditions of the Membership and Account Agreement, Truth-in-Savings Disclosure, Schedule of Fees, Funds Availability Policy Disclosure, if applicable, and to any amendment the Credit Union makes from time to time which are incorporated herein, for any account I have with the Credit Union now or in the future and agree that ASECU may change those terms, conditions and schedules from time to time without notice. I certify that I am within the field of membership of this Credit Union, and the information provided on this application is true and correct. I authorize the Credit Union to verify my identifying information, account and collection history, and current account standing with consumer reporting agencies at the time of application and with the addition of products or services in the future; and further allow the Credit Union to report the same to such agencies.

IMPORTANT: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: when you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Transactions to or from any account may be limited until the verification of identity for all account signers is completed. All account owners must sign below and submit a copy of a valid driver’s license or other acceptable government issued identification.

Certification as to Taxpayer Identification Number and Backup Withholding

Instruction to signer: If you have been notified by the Internal Revenue Service (IRS) that you are subject to backup withholding due to payee underreporting and you have not received a notice from the IRS that the backup withholding has terminated, you must strike out the language in clause 2 of the following certification.

By signing here I certify, under penalties of perjury, (1) that the number on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and (2) I am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and (3) I am a U.S. person (including a U.S. resident alien).

THE INTERNAL REVENUE SERVICE DOES NOT REQUIRE YOUR CONSENT TO ANY PROVISIONS OF THIS DOCUMENT OTHER THAN THE CERIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING

Electronic Signature Agreement: By affixing your name below, you are signing this document electronically and agree your electronic signature (hereafter referred to as "E-Signature") is the legal equivalent of your manual signature for this document. By signing below, you consent to be legally bound by this membership certification, E-Signature agreement and ASECU’s terms and conditions.

You agree that no certification authority or other third party verification is necessary to validate your E-Signature and that the lack of such certification or third party verification will not in any way affect the enforceability of your E-Signature or any resulting contract between you and ASECU. You represent that you are authorized to enter into this Agreement for all persons who own or are authorized to access any of your accounts and that such persons will be bound by this membership certification, E-Signature agreement and ASECU’s terms and conditions. You also understand and agree that your E-Signature executed in conjunction with the electronic submission of this application will be legally binding and such transaction will be considered authorized by you.