Embers Credit Union

Embers Credit Union Member Welcome Guide

Embers Credit Union Merger Booklet

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17 Mastercard charges us a Currency Conversion Assessment of 20 basis points (.2% of the transaction) for performing the currency conversion. In addition, Mastercard charges us an Issuer Cross-Border Assessment of 90 basis points (.9% of the transaction) on all cross-border transactions regardless of whether there is a currency conversion. As a result, we charge you a Currency Conversion fee of .2% and a Cross-Border Transaction fee of .9%. The Cross-Border Transaction fee is charged on all cross-border transactions regardless of whether there is a currency conversion. A cross- border transaction is a transaction processed through the Global Clearing Management System or the Mastercard Debit Switch in which the country of the merchant is different than the country of the cardholder. Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. Mastercard Automatic Billing Updater Notice of Right to Opt Out. Your Embers Credit Card and Embers Debit Card will be automatically enrolled in the free Mastercard ® Automatic Billing Updater (ABU) service. With ABU, your account files will be updated when information changes because of a product upgrade, card expiration, loss or theft, account closure or other changes. A participating merchant can access that updated card information before requesting a payment. Since not all merchants participate, you should also contact the merchants directly if your card information changes. You are entitled to opt out of this service. You may opt out at any time. If you want to opt out, phone us at (906) 228-7080 or mail us notice of your intention to opt out at Embers Credit Union, 1001 W. Baraga Ave., Marquette, MI 49855. You must include your name, account number and last four digits of your card number. If you opt out, you may opt back in if you decide you want the Mastercard Automatic Billing Updater service in the future. You may opt in the same way(s) that you can opt out. Health Savings Accounts (HSA). We permit some electronic fund transfers to and/or from your HSA. The electronic fund transfers we permit are offered for the convenience of managing your HSA. However, electronically moving funds to or from your HSA – for example, depositing more than the allowable amount, or getting additional cash back on an HSA debit card transaction – can raise a variety of tax concerns. As a result, before electronically accessing any account you may have with us, it is a good practice to make sure you are using the correct access device (such as a card) or accessing the appropriate account for the transaction. Also, it is your responsibility to ensure the contributions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. In the event of a conflict, the terms of the HSA Agreement control. You understand that your HSA is intended to be used for payment of qualified medical expenses. It is your responsibility to satisfy any tax liability resulting from use of your HSA for any purpose other than payment or reimbursement of qualified medical expenses. We do not monitor the purpose of any transaction to or from your HSA. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. Refer to your HSA Agreement for more information relating to the use of your HSA. Online Banking Transfers - types of transfers, dollar limitations, and charges - You may access your account(s) at www.embers.org by using your user ID and password, to: • transfer funds from share draft to share draft • transfer funds from share draft to share savings • transfer funds from share savings to share draft • transfer funds from share savings to share savings • transfer funds from line of credit to share draft • transfer funds from line of credit to share savings • make payments from share draft to loan accounts with us • make payments from share draft to third parties (Bill Pay) - limit of $25,000.00 for bill payments - if Bill Pay is inactive for three consecutive months, you may be charged an inactivity fee; see fee schedule • make payments from share savings to loan accounts with us • get information about: - the account balance of share draft accounts - deposits to share draft accounts - withdrawals from share draft accounts - the account balance of share savings accounts - deposits to share savings accounts - withdrawals from share savings accounts Mobile Banking - types of transfers - You may access your account(s) using the browser on your cell phone or mobile device or by downloading a mobile banking app, to: • transfer funds from share draft to share draft • transfer funds from share draft to share savings • transfer funds from share savings to share draft • transfer funds from share savings to share savings • transfer funds from line of credit to share draft • transfer funds from line of credit to share savings • make payments from share draft to loan accounts with us • make payments from share draft to third parties (Bill Pay) - limit of $25,000.00 for bill payments - if Bill Pay is inactive for three consecutive months, you may be charged an inactivity fee; see fee schedule • make payments from share savings to loan accounts with us • get information about: - the account balance of share draft accounts - deposits to share draft accounts - withdrawals from share draft accounts - the account balance of share savings accounts

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