Notices & Disclosures

AMERICO Federal Credit Union member share accounts are federally insured up to $250,000 (up to $250,000 for IRA Accounts) by the National Credit Union Administration (NCUA), a Federal Government agency. Click here for more information on How your Accounts are Insured and for examples on Insurance Coverage.

AMERICO Federal Credit Union
Web Site Privacy Disclosure

Through our web site, Americo Federal Credit Union strives to conveniently serve you and provide you with valuable information. We hope this site answers your questions about our products, services and hours. Americo Federal Credit Union values your interest and is committed to protecting the privacy of our members.

While our website does not require you to disclose any personally identifying information, if you choose to contact us via email, your email address will be revealed to us. Americo Federal Credit Union will not sell or share your email address with any outside organizations unless we are compelled to do so by law. The credit union will occasionally use your email address to contact you with additional information about the credit union and services we offer.

Private information is required to enter the Internet Home Banking service provided to you by Americo Federal Credit Union. This service is supported by IntegraSys. It is hosted within the IntegraSys high-security, high-availability web data center located in Plano Texas. This highly secure facility provides multiple layers of physical and data security to ensure information integrity and service reliability. The date center uses firewall technology to separate sensitive data from the public Internet.

Americo Federal Credit Union may use a counter to obtain such information as type of browser used, time and number of browsers on our site, and other general tracking information. This information is used internally and will not be sold or shared with others outside the credit union unless compelled to do so by law.

To provide you with greater access to information, Americo Federal Credit Union's site may also contain links to other sites. While we hope these organizations join us in respecting your privacy, Americo Federal Credit Union is not responsible for the content or privacy practices of these other web sites.

We reserve the right to change this policy at any time by posting a new privacy policy.

AMERICO Federal Credit Union
Internet Security Practices Statement and Disclosure

Please read this Statement carefully, as any use of americofcu.org constitutes your agreement to all of Americo Federal Credit Union's Online Terms and Conditions, including but not limited to this Statement. This Internet Security Practices Statement is part of, and is incorporated into the Americo Federal Credit Union membership and Account Agreement and Americo Federal Credit Union's online terms and conditions.

Use of Americo Federal Credit Union's Internet Based Services
To qualify for and use Americo Federal Credit Union's Internet-Based services, a member must be in good standing.

Americofcu.com Content
Americo FCU makes every attempt to ensure all information, rates and promotional offers listed on americofcu.com are current and accurate. However, this information should be construed only as a guideline. Americo Federal Credit Union reserves the right to make subsequent changes to the content of americofcu.com at any time due to change in policy, State and Federal regulation, or otherwise.

Data Collection
Various pages of americofcu.com allow you to submit information to us via email. Americo FCU collects the email addresses of those Americo FCU members who send us email and the information provided in the email. Americo FCU also collects information volunteered by our members through surveys and electronic form. This information is used to improve the content of americofcu.com, and to enable you to have a voice in the future for the credit union and its services.

Security
The information you send Americo FCU is stored on web servers that reside behind a firewall to shield these servers and their information from unauthorized access. Security for our Internet Home Banking is supported by IntegraSys. It is hosted within the IntegraSys WebVault. IntegraSys high-security, high-availability web data center is located in Plano Texas. This highly secure facility provides multiple layers of physical and data security to ensure information integrity and service reliability. The data center uses firewall technology to separate sensitive data from the public Internet.

Web Access Users
For security purposes, your Member Number and Personal Identification Number (PIN) are required to access your account through our Internet service. Your PIN should not be stored on your computer and should not be the same as any of your other PINs. You will be better protected if you change your PIN frequently and do not use the same PIN for any other Internet site. Do not disclose or otherwise make your PIN available to anyone. If you authorized anyone to use your PIN, that authority may be attributed to, and obligate you. If you are ever uncomfortable communicating with Americo FCU electronically, you may instead use traditional methods of communication such as using the telephone, U.S. mail, or visiting Americo Federal Credit Union's offices at 4101 Main Street or 2545 West 23rd Street, Erie, PA.

Email security
Regular Internet email is not secure. Various sections of americofcu.org allow you to submit information to Americo FCU by email. You should use these sections to provide information that is not-sensitive and non-confidential. Americo FCU strongly urges you not to provide personal or account information through email or request information from us that is confidential or sensitive. As unsecured Internet email is not secure, you accept the risks associated with sending insecure email, messages and/or any files you attach to these insecure emails. If you request sensitive or confidential information from Americo FCU via unsecured email, you accept these risks as well. To communicate sensitive or confidential information, we strongly urge you to contact us by phone, mail, or by visiting our office.

Links to Other Internet Web Sites
Americofcu.org contains hyperlinks to other Internet web sites operated by third party companies or organizations. When you click on the links, you may leave americofcu.org and go to the linked site. Americo FCU is not responsible for the contents, use, or privacy and Internet security practices, and their terms and conditions that apply. Please review the privacy and Internet security practices for each of the linked Internet web sites you visit before you provide any personal identifiable information. All links or other connections to other Internet web sites, or mention of other companies or organizations is solely for informational purposes to Americo FCU members and should not be construed as an endorsement or relationship other than what is stated where such a connection is made.

Changes
Americo FCU reserves the right to change any part of its Internet Security Practives Statement at any time. You agree to check our Statement periodically to make sure you remain comfortable with its content. Nothing in this Statement affects our ability to collect, combine, use, verify, retain and report including sharing with our regulator information submitted in connection with the provision of Americo FCU's products and services. Americo FCU also reserves the right to do the same with information that does not personally identify you, without reference to this Internet Security Practices Statement.

This disclosure describes your ability to withdraw funds at Americo Federal Credit Union. It only applies to the availability of funds in transaction accounts. The credit union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which of your accounts are affected by this policy.

1. General Policy. Our policy is to make funds from your cash and check deposits available to you on the next business day after we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and Federal Holidays. We have different deposit cut-off hours for different deposit locations. The earliest cut-off time that might apply is 3:00 p.m. If you make a deposit before our cut-off hour on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after our cut-off hour or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Our cut-off hours are available at the Credit Union.

2. Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the next business day after we receive your deposit. Funds may not be available until the second business day after the day of your deposit. However, the first $100.00 of your deposit will be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the next business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you left the premises, we will mail you the notice by the next business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

3. Holds on Other Funds. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

4. Longer Delays May Apply. We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons:

We believe a check you deposited will not be paid.
You deposit checks totaling more than $5000.00 on any one (1) day.
You deposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six (6) months.
There is an emergency, such as failure of communications or computer equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

5. Special rules for new accounts. If you are a new member, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers and the first $5,000.00 of a days total deposits of cashiers, certified, tellers, travelers, and federal, state, and local government checks will be available on the next business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit

6. Deposits at Shared Service Centers. Funds from deposits at Shared Service Centers will be made available in accordance with the availability rules set forth above.

7. Deposits at Nonproprietary ATMs. Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth business day after the date of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines.

8. Foreign Checks. Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institutions upon which it is drawn.

2/27/10

The rates and terms applicable to your account at Americo Federal Credit Union are provided in our Rate Schedule / Truth in Savings Account Disclosures. The Credit Union may offer other rates for these accounts from time to time.

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Truth-In-Savings Disclosure are share accounts.

1. Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Regular Share, Christmas Club, Club, Other Club, IRA Share and Share Draft accounts, the dividend rate and annual percentage yield may change quarterly as determined by the Credit Union's Board of Directors. For Money Market Share accounts, the dvidend rate and annual percentage yield may change monthly as determined by the Credit Union's Board of Directors. The dividend rates and annual percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
The Money Market Share account is a tiered rate account. If your daily balance is from $2,500.00 to $9,999.99, the first dividend rate and annual percentage yield listed for this account in the Rate Schedule will apply. If your average daily balance is from $10,000.00 to $49,999.99, the second dividend rate and annual percentage yield listed for this account will apply. If your average daily balance is from $50,000.00 to $99,999.99, the third dividend rate and annual percentage yield listed for this account will apply. If your average daily balance is $100,000.00 or greater, the fourth dividend rate and annual percentage yield listed for this account will apply. Once a particular range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account.

2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Compounding and Crediting. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Schedule. The dividend period is the period of time at the end of which an account earns dividend credit. The dividend period begins on the first calendar day of the period and ends on the last calendar day of the period.

4. Accrual of Dividends. For all accounts, dividends will begin to accrue on noncash deposits (e.g.checks) on the business day you make the deposit to your account.

5. Balance Information. To open any account, you must deposit or already have on deposit at least the par value of one (1) full share in a Regular Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For Money Market Share accounts, there is a minimum Daily Balance required to earn the annual percentage yield disclosed for the dividend period. If the minimum daily balance is not met each day of the dividend period, you will not earn the stated annual percentage yield. For accounts using the daily balance method as stated on the Rate Schedule, dividends are calculated by applying a daily periodic rate to the balance in the account each day.

6. Account Limitations. For Regular Share, Christmas Club, Other Club, IRA Share and Money Market Share Accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic or Internet transfer, by telephonic order or instructon, or by check, draft, debit card or similar order. If you exceed these limitations, your account may be subject to a fee or be closed. For Christmas Club accounts, the entire balance will be transferred to another account of yours on or after September 30th and the account will remain open. For Share Draft accounts, no account limitations apply.

7. Fees for Overdrawing Accounts. Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.

For ATM and one-time debit transactions, you must consent to the Credit Union's overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member's opt-in choice for overdraft protection and the Schedule of Fees and Charges.

The USA Patriot Act is part of the anti-terrorism legislation enacted after Setpember 11, 2001. This act requires all finanicial institutions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, a joint owner added to an account, or co-applicant on a loan if not currently a member. These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations against the United States and its citizens.

When an account is opened or changed, members are asked for their name, address, date of birth, or other information that will allow us to identify them. We will also ask to see their driver's license or other identifying government issued documents. The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts or other extension of credit. The required verification may be inconvenient for some but a strong deterrent for terrorists and other criminals.

We will only request the information required by the law, and we will use the information only for purposes of complying with the law. Privacy is our top concern, and we will respect and protect it as always, consistent with the law's requirements.

If you are in default on a financial obligation to Americo Federal Credit Union, Federal Law gives us the right to apply member shares, dividends and deposits in your account(s) at the time of default to satisfy the obligation. When you default, we may exercise the right without further notification to you. Further, we may impress shares of any member who is a responsible party on a financial obligation in default at the credit union.