Legal Information

Envision Financial - Internet Banking AGREEMENT

In exchange for Envision Credit Union permitting the Member to use the Internet Banking services, the Member agrees as follows:

1. Definitions

"Account" - means any account under any membership held by the Member with Envision Credit Union;

"Internet Banking" - means all of the services available through the use of the PAC in combination with the Equipment, currently known as MemberDirect® Internet Banking;

"Equipment" - means the equipment, such as personal computer equipment which when used in combination with an Internet browser and the PAC, permit access to the Internet Banking services;

"PAC" - means the personal access code selected by the Member for the Member's use, which when used with the Equipment and an Internet browser, permits access to the Internet Banking services;

"Signing Authority" - means any person authorized to sign on an Account;

"Transaction" - means any transaction performed using any of the Internet Banking services.

2. Use of Internet Banking Services

The Member may use the Internet Banking services to access any permitted Account and to conduct Transactions as may be permitted with respect to any such Account. When using the Internet Banking services, the member will not be permitted to pay bills from, or transfer funds out of any Account on which more than one signature is required to authorize a transaction, unless prior authorization is received in writing from all required signers. The Member agrees to follow the instructions of Envision Credit Union in effect from time to time with respect to the use of the Internet Banking services.

When a PAC is used to conduct any Transaction, the authorization given at the time of the Transaction will be treated as if it was given by the Member in person, and the Member agrees to be bound by each such Transaction. The Member irrevocably authorizes and directs Envision Credit Union to debit or credit, as the case may be, the amount of any Transaction to the Account or Accounts designated by the Member at the time of the Transaction, in accordance with Envision Credit Union's normal practices. Envision Credit Union's practices respecting the debiting or crediting of any Transaction under any of the Internet Banking services may be revised from time to time with or without notice to the Member.

The Member agrees not to conduct or try to conduct any Transaction that would result in a negative balance in any Account or would exceed the unused balance of any authorized overdraft or line of credit, if available. The Member will indemnify Envision Credit Union for all liability or loss arising out of any such Transaction.

3. Limitations

The Member agrees that the Internet Banking services will be available only on an "as is" and "as available" basis.

Envision Credit Union offers the Internet Banking services in order to improve the accessibility of Envision Credit Union to its Members. However, the provision of Internet Banking services is dependent in part on communication lines and other third party equipment and services. The member agrees Envision Credit Union will not be liable for any delay, loss, damage (direct, indirect or consequential) or inconvenience whatsoever caused by or arising from the provision of or failure to provide services or the malfunction or failure to operate any software or equipment for any reason whatsoever.

In no event will Envision Credit Union be liable for any personal injury, or property damage or any loss of business or profit or other indirect or consequential damages whatsoever. Envision Credit Union strictly manages access to its Member services and financial systems and databases using technological and procedural systems to ensure security is not breached. This includes physically securing all Envision Credit Union computer hardware and telecommunications systems. Internet communication involves a risk of interception by third parties. The Member must share in the responsibility for the security of the Internet banking services. Envision Credit Union uses industry standard security techniques that include Secure Socket Layer (SSL) and encryption to help ensure that the Member's personal and financial information is protected while in transit between the Equipment and the Envision Credit Union Server. Envision Credit Union cannot accept responsibility for interception of Internet communications by third parties.

4. Confidentiality of PAC

The PAC is for the Member's use alone and may not be assigned or transferred. The Member agrees to keep the PAC confidential and not to disclose it to any person other than to a Signing Authority on the Account. The Member agrees not to record the PAC in any manner or on any media, whether in writing or otherwise, including without limitation in electronic form, or by voicemail or e-mail. For security reasons, Envision Credit Union recommends that each Member change their PAC on a regular basis, such as every 90 to 120 days. Further, Envision Credit Union recommends that Members do not use numbers that are part of their PIN, easy to guess or that are based on personal information. If the PAC becomes known to other than a Signing Authority on the Account, confidential information about the Member's Account may be accessed and Accounts could be debited.

5. Transaction Verification and Records

All Transactions are subject to verification and acceptance by Envision Credit Union, and if not accepted will be reversed from the Account. Verification may take place on a date later than the date the Member authorized the Transaction, which may affect the Transaction date.

Envision Credit Union's records of each Transaction, and Envision Credit Union's accounting records, will be deemed to be correct, and will be conclusive and binding upon the Member. Any record of a Transaction generated for the Member as part of the Internet banking services will be for the Member's convenience only. If the Member believes that Envision Credit Union's records contain an error or omission, the Member must give written notice of the suspected error or omission to Envision Credit Union within the time provided in the Application for Membership and Account Operation Agreement between the Member and Envision Credit Union for the relevant Account or Accounts.

If Envision Credit Union does make an error or omission for any reason, with respect to the recording of any transaction, the liability of Envision Credit Union will be limited to the amount of the error or omission in recording, plus any applicable service charges that may have been charged to the member by Envision Credit Union. Specifically, the member agrees that Envision Credit Union will not be liable for any other loss, or any loss of business or profit or any other damage (direct or indirect or consequential) or delay or inconvenience whatsoever caused by or arising from any such error or omission.

6. Service Fees

Envision Credit Union will establish service fees for use of the Internet Banking services and/or for conducting Transactions and may change these service fees from time to time. The Member authorizes Envision Credit Union to deduct any applicable service fees from any Account.

7. Transaction Processing

Except for those Transactions, which are authorized to take effect on a future date (which can be revoked or countermanded prior to such date), once the PAC is used by the Member to conduct a Transaction by accessing the Internet Banking services the Member may not revoke or stop any such Transaction once the Transaction request has been processed.

When the Member uses the Internet Banking services to make bill payments from the Account, transfer funds to another member's account or otherwise transfer funds out of the Account, the Member is responsible for ensuring the accuracy of any billing account number, member account numbers or other recipient account numbers to which the Member intends to transfer funds. Envision Credit Union will not be liable for any loss or damage as a result of funds being transferred to the wrong recipient resulting from the Member providing the wrong account number. Envision Credit Union will not be responsible or obligated to retrieve or return such funds to the Member.

Envision Credit Union reserves the right to apply daily limits and transaction limits.

8. Member's Liability

The Member agrees to notify Envision Credit Union immediately, in writing, if his or her PAC becomes known to anyone other than the Member.

The Member is liable for all unauthorized use of the PAC until such notification is made and acknowledged, in writing, by Envision Credit Union. Until the Member receives Envision Credit Union's acknowledgment, notification is not deemed to have been received by Envision Credit Union.

9. Termination

Envision Credit Union may at any time without notice withdraw permission to use any of the Internet Banking services, or cancel or alter any of the Internet Banking services without being liable for any loss resulting from such action. The termination of Internet banking services for any reason will not relieve the Member of any obligations under this Agreement with respect to the Internet Banking services.

10. Changes to Agreement

Envision Credit Union can add to or change the terms and conditions of this Agreement from time to time, but Envision Credit Union will give at least 30 days notice of any such additional or amended terms and conditions. Such notice may be given to the Member either in writing addressed to the last address provided by the Member to Envision Credit Union, or in the form of a notice displayed at all Envision Credit Union branches, or in the form of a notice displayed on the login screen accessed when using the Internet Banking services. If the Member continues to use any of the Internet Banking services after the effective date of any additional or amended terms or conditions to this Agreement, then the Member will be deemed to have accepted such additional or amended terms or conditions.

11. Other Agreements

The terms and conditions of the Application for Membership and Account Operation Agreement with Envision Credit Union and any other conditions or agreements between the Member and Envision Credit Union regarding any Accounts shall remain in full force and effect and shall apply to each Transaction, except as expressly modified by the terms of this Agreement. If there is a conflict between any provision of any of these other agreements and this Agreement, this Agreement will prevail with the exception that the Application for Membership and Account Operation Agreement between the Member and Envision Credit Union will prevail over this Agreement.

12. Execution

This Agreement may be executed in several counterparts or electronically. When executed in counterparts, each counterpart shall be deemed to be original and such counterparts together shall constitute one and the same instrument and notwithstanding the date of execution shall be deemed to bear date as of the date written on the counterpart Agreement. When executed electronically, use of Internet Banking services shall be deemed to be acceptance of the terms and conditions hereof as of the date of first use.

13. General

If the Member is the joint holder of an Account, then each joint holder of that Account will be jointly and severally liable for all Transactions conducted using the Internet Banking services with respect to that Account.