We have found it is unnecessary to return paid drafts since the account can be reconciled using the statement and the carbonless copies. Proof of payment can be established by receipt from the payee or by using the carbonless copy in conjunction with the statement showing the check has cleared. In the occasional circumstance where further proof becomes necessary, drafts are microfilmed and stored as a permanent record off-site, and can be obtained for a fee from the Credit Union. Each member will be provided with a statement of all accounts prepared on the last day of each month. Statements will be available to be picked up at the Credit Union the first few days of each month, and then mailed.
Members can also request to have their statements mailed immediately.
Member Responsibility Members are expected to use extreme care in using a share draft account. It is essential that members reconcile their account to their statement every month. This reduces the risk of overdrawing the account. On the back of your monthly statement is a reconciliation form. Reconciliation of an account is a very time consuming process if it has not been accomplished monthly.