Notices

For Funds Availability Schedule, scroll to bottom of page.

Online Banking Agreement

Please read the following Online Banking Agreement.

By using our Credit Union's Online Banking service each of you, jointly and severally, agree to the terms and conditions set forth in this Agreement. The terms and conditions of this Agreement can change at any time without prior notification.

You are responsible for the installation, maintenance and operation of any software and hardware required to access our Online Banking service. We will not be responsible for any errors or failures involving telephone service, Internet service, software installation or your computer. The Online Banking service is normally accessible 24 hours a day, 7 days a week with the exception of short periods for processing, maintenance, upgrades, or circumstances beyond our control.

Your accounts will continue to be governed by their original agreements and by all applicable state and federal laws and regulations. We reserve the right to refuse or reverse any transaction that would draw upon insufficient or unavailable funds, funds that are set aside for automatic loan payments, or transactions that would lower an account below a required balance. For security reasons, we may further limit the frequency or dollar amount of transactions from your account.

Security and Liability for Unauthorized Access
Access to all accounts requires a Personal Identification Number (PIN). We recommend you change your PIN when using the Online Banking service for the first time and regularly thereafter. You agree not to disclose your PIN or otherwise make it available to others. We have the right to act on instructions received under your PIN. If you disclose your PIN to others, you are responsible for all transactions conducted by them. You agree to check your account statements for unauthorized use when you receive them. You agree to notify the Credit Union immediately if you suspect unauthorized access or transactions on your account(s). If your failure to keep your PIN secured or to contact us immediately causes the Credit Union a loss, we reserve the right to terminate your access to our Online Banking service. If you notify us within two business days, you will lose no more than $50 if someone accesses your accounts without your permission. If you do not notify us within 2 business days and we can prove that we could have prevented someone from accessing your account, you could lose up to $500. If you fail to notify us within 60 days after your account statement was mailed, any preventable losses occurring after the 60 day period may not be refundable.

Termination
If you wish to have your account removed from our Online Banking service, please contact the Credit Union. Termination of access to our Online Banking service, whether precipitated by you or the Credit Union, in no way affects your liability or obligation under this Agreement.

Legalities
No delay or omission on the part of the Credit Union in exercising any rights will act as a waiver of such rights. Except for the extent that we are liable under terms of this Agreement or any other agreement that governs your account(s), you agree to indemnify and hold the Credit Union, its employees, volunteers, and agents harmless from all loss, liability, claims, demands, judgements, and expenses arising out of or in any way connected with an account or the performance of our Online Banking service, except to the extent such indemnification is not permitted by law. You further agree that in the event either party brings legal action to enforce this Agreement, you will be liable to us for any liability, loss or expense, including reasonable attorneys fees, if we win and you authorize us to deduct such amount from your account(s) with the Credit Union without prior notification.

Privacy Policy

We at the Bridgeport Police Federal Credit Union respect our members' right to privacy and vow to protect it with regard to information we have on file. We pledge the following:

We will not sell or provide a membership list to third parties that are not endorsed by the Credit Union.

We will comply with all applicable privacy laws.

We will provide you the opportunity to verify the accuracy of identifying information about you.

To collect and utilize information for legitimate Credit Union business only.

To maintain accurate records based on information provided by you.

To maintain reasonable security measures to protect all information provided by you.

Third Party Service Providers and Affiliates:

Data processors Insurance providers (life, disability, AD&D, etc)

Legal/Accounting firms Consumer reporting agencies

Repossession/collection companies Payroll/ACH providers

Mail processing centers (statements) Identity verification providers

Check printing companies (personal checks)

Third Party Restriction:

The Credit Union only discloses member information to our service providers, consumer reporting agencies, and other affiliates who are necessary in conducting Credit Union business. We do not provide information to companies that are not necessary to the operation of the Credit Union, except as required by law, therefore, we do not provide an opt-out option.

Approved: 6/00     Reviewed:   1/10

______________________________________________________________ Funds Availability Schedule ______________________________________________________________

A. Check clearing: When you cash or deposit a check, it must be sent to the institution on which it's drawn for payment. That institution will either pay the check or refuse payment and return it to us. This process is called "check clearing". During this check clearing period, we may or may not allow you to withdraw or use the funds to pay checks or other items you have authorized.  The Credit Union will charge an overdraft fee for each transaction that overdraws the available balance in your account except for ATM and everyday debit card transactions if you have not opted-in to our Overdraft Program.

B. Determining the availability of a deposit: The length of delay in funds availability is counted in business days from the day of your deposit. For purposes of this Schedule, every day is a business day except Saturdays, Sundays, and federal holidays (even if our offices are open on those days).

C. Same Day Availability (no hold):  If you make a deposit in person to one of our employees, funds from the following deposits are available on the business day your deposit is made:

Cash

Government checks payable to you (includes US Treasury checks, US Postal money orders, and Federal Reserve Bank or Federal Home Loan Bank checks)

State and local government checks payable to you (includes City payroll checks)

Checks drawn on the Bridgeport Police FCU (on-us checks)

Cashier's, certified, and teller's checks payable to you

Electronic payments, which include wire transfers and ACH credits, are available the business day we receive the funds

Computer-generated, machine-signed payroll checks if you have a checking account with us

If you do not make your deposit in person with one of our employees (ex. if you deposit in our night drop), funds from these deposits will be available on the first business day after the day we receive your deposit. This does not apply to electronic payments.

D. All other check deposits: The first $100 is available on the first business day after the day of deposit; the remaining funds are available on the second business day after the day of deposit.

Type of check
When funds are available Ex. If deposit is made on Monday, funds will be available:

Cashier's, Certified, Teller's and all Government checks; On-us checks;  Computer-generated machine-singed payroll checks if you have a checking account with us.

Note: Checks must be payable to you and deposited in person

Same day availability

Same day availability

All Other Checks

The first $100 is available on the first business day after the day of your deposit, remaining funds on the second business day.

First $100 available Tuesday

Remaining funds available Wednesday

E. Longer Delays May Apply: Funds you deposit by check may be delayed for a longer period under the following circumstances:

We believe a check you deposit will not be paid.

You deposit checks totaling more than $5,000 on any one day.

You redeposit a returned check.

You have overdrawn your account repeatedly in the last six months.

There is an emergency such as an equipment failure or the suspension of payments by another financial institution.

We will notify you if we delay your ability to withdraw funds for any of these reasons and we'll let you know when the funds will be available unless, at the time of notice, we are unable to establish a timeframe due to an emergency situation.  Funds will generally be available no later than the sixth business day after the day of deposit.

F. Special Rules for New Members: The following rules apply during the first 30 days of new membership:

Cash and funds from electronic payments will be available on the business day we receive the funds.

The first $5,000 from a deposit of any check type listed in section C of this Schedule will be available on the business day of your deposit providing the items are made payable to you and are deposited in person to one of our employees. If you do not deposit the items in person to one of our employees, the first $5,000 will not be available until the first business day after the day of your deposit. The excess over $5,000 will be available on the sixth business day after the day of your deposit.

Funds from all other check deposits will be available on the sixth business day after the day of your deposit.

G. Holding Alternate Funds Already on Deposit: We may make funds from a check immediately available if you have funds to cover the check already on deposit with us. In this event, the funds on deposit will be held for the time period that corresponds with the type of check deposited.

PLEASE READ: WHEN FUNDS FROM A CHECK BECOME AVAILABLE IN YOUR ACCOUNT, THERE IS STILL A POSSIBILITY THAT THE CHECK WILL BE RETURNED AND THE FUNDS WITHDRAWN FROM YOUR ACCOUNT. THIS OCCURS WHEN THE CHECK CLEARING PROCESS TAKES LONGER THAN THE HOLD PERIOD.

Funds Availability Disclosure     Revised 8/15/10