who is not a member of your immediate family

• Obtain balance information on specified savings, checking, or loan 

accounts you have with us*

Michigan State University Federal Credit Union makes available to members 
various electronic fund transfer services, made possible by our advanced 
electronic data processing system. Some of these transfers are made by use 
of ATM, credit, or debit cards that we issue. Other transfers are made by use 
of a telephone through the MoneyLine program; a check converted into 
an electronic debit; through ComputerLine—our online banking by use of 
a personal computer; or through Green on the Go® mobile banking or the 
MSUFCU Mobile app by use of an internet-enabled mobile device.

THE FOLLOWING SECTIONS RELATE TO ALL ELECTRONIC FUND TRANSFERS 
AFFECTING YOUR ACCOUNT(S), WHETHER MADE BY USE OF AN ATM, 
CONVERSION OF A CHECK INTO AN ELECTRONIC DEBIT, OUR MONEYLINE 
PROGRAM, COMPUTERLINE ONLINE BANKING, GREEN ON THE GO® MOBILE 
BANKING, THE MSUFCU MOBILE APP, OR OTHERWISE.

1.  Accounts Affected: Each of the following types of MSUFCU accounts can 

be affected by some kind of electronic fund transfer service: 

If we also provide a personal identification number (called a “PIN”) to a 
member, ATM cards can be used, together with the PIN, in various automated 
teller machine networks to make electronic fund transfers to, from, or between 
one or more of your accounts at MSUFCU. We issue different plastic cards that 
can be used in this manner, including Visa Debit Cards and Visa Credit Cards. 
In this disclosure, we call the cards simply “ATM cards” because they can be 
used in automated teller machines, and we sometimes refer to these different 
automated teller machines as simply “ATMs.” Your card and PIN may also be 
used to make purchases of goods and services at participating merchant 
locations.

We will, upon request, issue you a MoneyLine Personal Access Code, which 
you can use with a touch-tone telephone to make electronic fund transfers to, 
from, or between one or more accounts at MSUFCU by following the rules and 
procedures of our MoneyLine program. 

We will, upon request, issue you a ComputerLine password, which you can 
use with an internet connection to make electronic fund transfers to, from, or 
between one or more accounts at MSUFCU following the rules and procedures 
of our ComputerLine program. You may also use your ComputerLine password 
to make electronic fund transfers to, from, or between one or more accounts 
at MSUFCU following the rules and procedures of Green on the Go® mobile 
banking or the MSUFCU Mobile app.

You agree that you will keep your PINs, Personal Access Code, and 
passwords secret.

This is a disclosure and a contract. That is, the terms and conditions set out 
here are binding on you and on us to the making of such electronic fund 
transfers and the use of the ATM cards, the PINs, and the passwords, in the 
following cases: 

• If you use the account(s) covered by this disclosure after receipt of this 

agreement 

Holiday/Vacation Savings Account 
Insured Money Management Account (IMMA) 
Junior Spartan Saver
Spartan Saver
Summer Pay
Classic Checking
Health Savings Checking Account (HSA)
Money Market Checking
Rebuild Checking 
Totally Green Checking
Individual Retirement Account (IRA)
Loan Account 

These types of accounts are sometimes referred to in this disclosure as “asset 
account(s)” or simply as your “account(s).”

As is your right, you have previously designated which of your account(s) you 
want to be subject to any particular type of electronic fund transfer service. 
You may change those instructions in the future, and we will follow your new 
directions to the extent our electronic fund transfer programs permit at that 
time.

2.  Account Agreements: The terms and conditions of the account 

agreements relating to your accounts with us remain in effect except to 
the extent modified by this disclosure. 

• Automatic transfers from your account(s) to make payments to another 

person’s loan(s) owing to us

• Transfers from your account(s) to your other asset or loan accounts that 
we make at your request or through ATMs, MoneyLine, ComputerLine, 
Green on the Go® mobile banking, or the MSUFCU Mobile app

• Withdrawals from your account(s) made by your telephone request (a 

check will be mailed to your address on file)

• Payment for purchases from your checking account at places that have 

agreed to accept your ATM card 

MoneyLine Transactions:
If we provide you with access to your accounts through our MoneyLine 
audio response service, a separate Personal Access Code will be assigned 
to you. You can use your Personal Access Code along with your account 
number to access your accounts and perform the following transactions: 

• Check withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, 
Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking

• Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, 

Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking

• Transfers from your loan account to your Spartan Saver, Junior Spartan 
Saver, IMMA, Summer Pay, Classic Checking, Totally Green Checking, 
Money Market Checking, Rebuild Checking, or HSA Checking

• Transfers from your checking account to make a loan payment

3.  Minimum Balance: You must always maintain a minimum of $5.00 

• Transfers from your account to another account with us that you own or 

in your Spartan Saver to be entitled to make electronic fund transfers 
affecting your account(s). We reserve the right to increase minimum 
balance requirements or to impose other restrictions in the future. 

4. 

Electronic Fund Transfer Services: At the present time, you can 
authorize the following types of electronic fund transfers to or from your 
asset account(s) at MSUFCU:

own jointly with another member

• Obtain balance information on specified savings, checking, or loan 

accounts you have with us*

• Determine if a particular item has cleared*

• Determine savings and loan rates*

• If you already have an ATM card and PIN provided by us and you use them 

Transfers TO Your Account(s) (Credits):

to make such transactions after receipt of this agreement 

• If you ask us to provide you with a PIN and you thereafter use it, together 

with an ATM card we have issued, to make such transactions 

• Direct Deposit of payroll deductions or net pay checks from Michigan 
State University or Oakland University or any other employer who has 
agreed to send such deposits to us (Contact your employer to see if Direct 
Deposit of payroll deductions or net pay is available.) 

• If we issue a Personal Access Code at your request and you use it to make 

• Direct Deposit of various governmental benefits 

transactions through our MoneyLine program 

• Direct Deposit of pension payments 

• If we issue a password at your request and you use it to make transactions 
through ComputerLine, Green on the Go® mobile banking, or the MSUFCU 
Mobile app 

In all such cases, your use of the account(s) or your making of such 
transactions constitutes your acceptance of the terms and conditions set out 
in this disclosure.

Although your account(s) may be subject to the terms and conditions of this 
disclosure, you may continue to use those account(s) to the same extent and 
in the same manner that you have in the past, insofar as “over-the-counter” 
and other non-electronic transactions are concerned.

In this disclosure, “you” and “your” includes the plural in cases where two or 
more persons have an interest in a single account affected by an electronic 
fund transfer service. “We” or “us” refers to Michigan State University Federal 
Credit Union.

This disclosure is being furnished to all of our members. Members who have 
not authorized any electronic access to any of their MSUFCU account(s) when 
they receive this disclosure need not concern themselves with it.

• Deposit(s) or payment(s) from any third party through the Federal Reserve    
or the facilities of an automated clearing house association of which we 
are a member 

• Automatic transfers to your account(s) from the account of another 

person, unless that other person is an immediate family member and the 
transfer was not requested by you 

• Transfer to your account(s) from your other asset or loan accounts 

that we make at your request via an overdraft line of credit, 
MoneyLine, ComputerLine, Green on the Go®  mobile banking, or the                    
MSUFCU Mobile app

Transfers FROM Your Account(s) (Debits):

• Your home mortgage payment, insurance premiums, and utility bills, 

as well as other types of payments to third parties, through the Federal 
Reserve or the facilities of an automated clearing house association of 
which we are a member

Visa Debit Card and ATM Point-of-Sale Transactions:

• Use of your ATM or Visa Debit Card when making a purchase of 

consumer goods from a merchant who uses the card in an electronic 
terminal is an electronic fund transfer. Funds to cover your purchase will 
be deducted from your checking account. 

Automated Teller Machine (ATM) Transactions:
If you have an ATM or Visa Debit Card for which we have issued a PIN, you 
can use any of the automated teller machine networks to make transactions 
as follows: 

• Deposits to your Spartan Saver, Junior Spartan Saver, IMMA, Summer 

Pay, Classic Checking, Totally Green Checking, Money Market Checking, 
or HSA Checking 

• Cash withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, 
Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking 

• Cash advances on your Instant Cash Line-of-Credit, Visa Line-of-Credit, or 

Home Equity Line-of-Credit 

• Transfers between any of the following: Spartan Saver, Junior Spartan 
Saver, IMMA, Summer Pay, Classic Checking, Totally Green Checking, 
Money Market Checking, HSA Checking, Instant Cash Line-of-Credit, Visa 
Credit Card, or Home Equity Line-of-Credit

ComputerLine Transactions:
If you are provided access to our ComputerLine online banking service, you 
can use ComputerLine to perform the following electronic fund transfers 
24 hours a day (service may be interrupted for short periods for data 
processing): 

• Check withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, 
Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking 

• Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, 

Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking 

• Obtain balance and transaction information for your Spartan Saver, 

Junior Spartan Saver, IMMA, Summer Pay, Classic Checking, Totally Green 
Checking,  Money Market Checking, Rebuild Checking, HSA Checking, 
IRA and Certificate Accounts* 

• Make loan payments from your Spartan Saver, Junior Spartan Saver, 

IMMA, Summer Pay, Classic Checking, Totally Green Checking, Money 
Market Checking, or Rebuild Checking

• Preauthorize debits for payment of certain bills

Green on the Go® Mobile Banking or MSUFCU Mobile App Transactions:
If you are provided access to Green on the Go® mobile banking or the 
MSUFCU Mobile app, you can use Green on the Go® mobile banking or the 
MSUFCU Mobile app to perform the following electronic fund transfers 
24 hours a day (service may be interrupted for short periods for data 
processing): 

• Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, 

Summer Pay, Classic Checking, Totally Green Checking, Money Market 
Checking, Rebuild Checking, or HSA Checking 

• Obtain balance and transaction information for your Spartan Saver, 

Junior Spartan Saver, IMMA, Summer Pay, Classic Checking, Totally Green 
Checking, Money Market Checking, Rebuild Checking, HSA Checking, or 
IRA and Certificate Accounts* 

• Make loan payments from your Spartan Saver, Junior Spartan Saver, 

IMMA, Summer Pay, Classic Checking, Totally Green Checking, Money 
Market Checking, or Rebuild Checking

Share Draft/Checking Conversion Transactions:

• A transfer through an automated clearing house when you provide 
a paper check to certain merchants or other payees that enables the 
merchant or other payee to capture the routing, account, and serial 
numbers to initiate the transfer, whether the share draft is blank, partially 
completed, or fully completed and signed; whether the share draft is 
presented at Point-of-Sale (POS), or is mailed to a merchant or other 
payee or lockbox and later converted to an electronic fund transfer; or 
whether the share draft is retained by the consumer, the merchant or 
other payee, or the payee’s financial institution. Your authorization to 
make such types of electronic fund transfers may be expressed in writing 
or implied, for example, by the posting of a sign.

You have previously told us which of these electronic fund transfer services 
you want to use. You can discontinue use of any such service whenever 
you want. If you begin using a different electronic fund transfer service 
after receipt of this disclosure, we must be notified of the account(s) to be 
affected.

We may make additional types of electronic fund transfer services available 
in the future; we may also discontinue one or more, or all, of our electronic 
fund transfer services.

6. 

7. 

transactions which, although electronic in nature, do not constitute 
electronic fund transfers described in that section. 

Fees for Electronic Fund Transfers: There are certain fees and 
charges for electronic fund transfer services we offer which you agree 
to pay.  For a current listing of all applicable fees and charges, see our 
current Fee Schedule, which is incorporated by reference into this 
disclosure and the receipt of which you hereby acknowledge.  

When you use an ATM not owned by us, the ATM operator may 
charge you a fee for any network used, and you may be charged a fee 
for a balance inquiry even if you do not complete the fund transfer. 

Limitations on Electronic Fund Transfers: We describe the types 
of electronic fund transfers you can make through our various 
electronic fund transfer services in Section 4. With respect to certain 
accounts, there are limitations as to how many automatic transfers 
you are allowed to make to third parties (e.g., mortgage payments 
or insurance premiums).  No more than six (6) such transfers may 
be made from these accounts during any single statement period.  
Please refer to your Truth-in-Savings Disclosure to determine if 
this account limitation applies. Aside from that limitation, and as 
to transactions other than those made at an ATM, there are, at the 
present time, no limitations as to how often you can make electronic 
fund transfers, nor is there any restriction as to the dollar amount of 
any one electronic fund transfer. We reserve the right to impose any 
such restrictions in the future as we deem reasonable. Please refer 
to Section 22 for limitations that apply to ATM and Point-of-Sale 
transactions.

8.  Documentation of Transfers:

• You can receive a transaction receipt at the time you make any 

transfer to, from, or between your account(s) using an ATM.

• If you have arranged to have Direct Deposits (which are electronic 

fund transfers as described in Section 4) made to your asset 
account(s) at least once every 60 days from the same person or 
company, the person or company making the deposit will tell you 
every time they send us the money. You may visit any branch, call us 
at 517-333-2424 or 800-678-4968, or access your transaction history 
via ComputerLine, MoneyLine, Green on the Go® mobile banking, or 
the MSUFCU Mobile app to find out whether the deposit has been 
made.

• You will get a statement every month if you have authorized 

any electronic fund transfer service described in Section 4.  If no 
electronic fund transfer occurs in a particular calendar quarter, you 
will still receive a quarterly statement for that quarter.  However, for 
an asset account to which you have authorized no electronic fund 
transfers other than preauthorized credits, you will get a statement 
quarterly. On any account considered dormant, a statement will be 
sent to you annually. 

• Periodic statements we send you on accounts which are subject 

to electronic fund transfers described in Section 4 and transaction 
receipts issued by an ATM are admissible evidence.

• Your right to documentation as set forth above in this section does 
not apply when the electronic fund transfer occurs outside of the 
United States. 

9. 

Stopping Payment of Transfers From Your Account(s): The 
following rules apply only to electronic fund transfers as described in 
Section 4 of this disclosure. 

If you have arranged for regular automatic payments out of your 
account, you can stop any of these payments. Here’s how: 
call us at 800-678-4968 or 517-333-2424, visit any branch location, 
contact us online at www.msufcu.org, or write us: 
  Michigan State University Federal Credit Union 

in time for us to receive your request three (3) business days or more 
before the payment is scheduled to be made. If you call, you will 
be required to put your request in writing and get it to us within 14 
days of your call.  

There is a charge for each stop payment order. We reserve the right 
to impose a reasonable charge, or to increase such charges, in the 
future. Please see our Fee Schedule to determine the current stop 
payment fee. 

If these regular payments vary in amount, the person you are  
going to pay will tell you 10 days before each payment when it will 
be made and how much it will be. You may choose instead to get 
this notice only when your payment would differ by more than a 
certain amount from the previous payment, or when the amount 
would fall outside certain limits that you set; if so, you must make 
the necessary arrangements with the person you are going to pay. 

If you order us to stop one of these payments three (3) business 
days or more before the transfer is scheduled and we do not do so, 
we will be liable for your losses or damages. 

In Section 17 of this disclosure, we will tell you what our business 
days are. 

10.  Disclosure of Information to Third Parties: In the ordinary 

course of business, we will only disclose information concerning 
your account(s) or electronic fund transfers described in Section 4 
affecting your account(s):

• As provided by law

• With your written consent

• To furnish credit information under the federal Fair Credit 

Reporting Act

• If necessary to verify or complete an electronic fund transfer

• To verify the existence of your account(s) 

• If the information relates to improper use of your account(s) 

11. 

In Case of Error or Questions about Your Electronic Fund 
Transfers as Described in Section 4: Contact us at the telephone 
number or address set forth in Section 9 as soon as you can if you 
think your statement (which will include ATM, MoneyLine, check 
conversions, ComputerLine, Green on the Go® mobile banking, and 
the MSUFCU Mobile app transactions) or receipt is wrong or if you 
need more information about a transfer listed on the statement or 
receipt. We must hear from you no later than 60 days after we send 
the FIRST statement on which the problem or error appeared.

When contacting us:

• Tell us your name and account number.

• Describe the error or the transfer you are unsure about and 

explain as clearly as you can why you believe it is an error or why you 
need more information.

• Tell us the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint 
or question in writing within 10 business days. In Section 17 of this 
agreement, we list our business days.

We will tell you the results of our investigation within 10 business days 
(five (5) business days for a Visa Debit Card Point-of-Sale transaction 
and 20 business days if the transfer involves an account open less than 
30 days) after we hear from you and will correct any error promptly. If 
we need more time, however, we may take up to 45 days (if you give 
notice of an error within 30 days of opening an account; notice of an 
error involving a Point-of-Sale transaction; or notice of an error involving 

• Automatic transfers from your account(s) to the account of another person 

* These transactions are NOT electronic fund transfers.

5. 

Excluded Transactions: The terms and conditions of this disclosure 
only apply to those services and transfers which are electronic 
fund transfers as described in Section 4; they do not apply to other 

3777 West Road 
PO Box 1208 
East Lansing, MI 48826-1208 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
a transaction initiated outside of the United States, its possessions, 
and territories, we will have 90 days instead of 45) to investigate your 
complaint or questions. If we decide to do this, we will credit your 
account within 10 business days (five (5) business days for a Visa Debit 
Card Point-of-Sale transaction and 20 business days if the transfer 
involves an account open less than 30 days) for the amount you think 
is in error, so that you will have the use of the money during the time 
it takes us to complete our investigation. If we ask you to put your 
complaint or questions in writing and we do not receive it within 10 
business days, we may not recredit your account. 

If we decide that there was no error, we will send you a written 
explanation within three (3) business days of finishing our investigation. 

You may ask us for copies of the documents that we use in our 
investigation, and we will furnish them to you. We may, in such cases, 
require payment of a nominal charge for such copies. 

12.  Liability for Failure to Make Electronic Fund Transfer: If we do 
not complete an electronic fund transfer, as described in Section 
4, to or from your account(s) on time or in the correct amount 
according to our agreements with you, we will be liable for your 
losses or damages. However, there are some exceptions. We will not 
be liable for the following: 

• If, through no fault of ours, you do not have enough money 

available in your account to make the transfer

• If there is not enough money in your account, in excess of 

amounts you have specifically pledged to us as collateral, to make 
the transfer

• If funds in your account are subject to garnishment/levy or other 

legal process which prevents making the transfer

• If we have, because of your default, exercised our rights against 

the funds in your account

• If the transfer would go over the credit limit on your overdraft line

• If the ATM where you are making the transaction does not have 

enough cash or is not functioning properly, and you were aware it 
was not functioning properly prior to initiating a transaction

• If, through no fault of ours, your ATM card is damaged

• If you use or try to use your ATM card or your PIN after your right 

to use it has been canceled

• If circumstances beyond our control prevent the transfer, despite 

reasonable precautions that we have taken 

We will also be excused from such liability if you fail to observe the 
terms and conditions of this agreement, our MoneyLine program, 
ComputerLine online banking, Green on the Go® mobile banking, 
the MSUFCU Mobile app, or our account agreements with you, as 
they relate to electronic fund transfers. 

13.  Liability for Accuracy of Data: We will not be responsible to you 
for any claims, damages, losses, or expenses arising out of the 
preparation or delivery of data input for electronic fund transfers 
and credit or debit entries prepared by your employer or other 
person or company authorized to do so. In all cases, we will be 
entitled to rely upon the accuracy and correctness of this data input 
prepared by your employer or other authorized person or company, 
and we will have no obligation to investigate or determine the 
accuracy or authorization of this data input or the electronic fund 
transfers directed by your employer or other person or company 
authorized by you to do so.

14.  Consumer Liability for Unauthorized Use: If you furnish another 

person with your ATM card and PIN, MoneyLine Personal Access 
Code, checkbook, a check, or ComputerLine password (collectively, 
“access device”), you will be responsible for all electronic fund 

transfers initiated by the person. Your responsibility pertains to 
transfers from which you may receive no benefit, and applies 
even though that person may not have actual authority to initiate 
a transfer or transfers of an amount in excess of that which is 
authorized. Your responsibility for such transfers remains until you 
have notified us in writing that the person is no longer authorized 
to initiate transfers.  Until you have notified us in writing, you will be 
liable for all transfers initiated by that person. 

Tell us AT ONCE if you believe your access device has been lost 
or stolen. Contacting us immediately by phone, email, or at any 
branch location may help to minimize your potential loss. You could 
lose all the money in your account (plus your maximum overdraft 
line-of-credit). If you tell us within two (2) business days, you can 
lose no more than $50.00 if someone used your card without your 
permission. 

If you do not tell us within two (2) business days of learning of the 
loss or theft of your access device, and we can prove we could have 
stopped someone from using your access device without your 
permission if you had told us, you could lose as much as $500.00. 

Also, if your statement shows transfers that you did not make, tell us 
at once. If you do not tell us within 60 days of the statement being 
mailed, you may not get back any money you lost after the 60 days if 
we can prove that we could have stopped someone from taking the 
money if you had told us in time. 

If a good reason (such as a long trip or a hospital stay) kept you from 
telling us, we will extend the time periods. 

If you believe your access device has been lost or stolen or that 
someone has transferred money from your account without your 
permission, or may be about to do so, contact us at the telephone 
number, website, or address as provided in Section 9 IMMEDIATELY. 

15.  Special Unauthorized Use Liability Rule for Visa Debit Card: 

Unless you have been grossly negligent or have engaged in fraud, 
you will not be liable for any unauthorized transactions using your 
lost or stolen Visa Debit Card. This additional limit on liability does not 
apply to ATM transactions, to transactions using your PIN which are 
not processed by Visa, or to commercial cards. 

16.  Reversing Electronic Fund Transfers: If an electronic fund transfer 

described in Section 4 was a payment of $50.00 or more for goods 
or services, you have the right to require us to reverse such transfer 
and to recredit your account with the full amount of the transfer if: (1) 
you tell us within four (4) calendar days of the date of the transfer to 
make such reversal, (2) you notify us that you have made a good faith 
attempt to resolve your dispute with the third party involved, and (3) 
you assure us that any returnable goods involved in the dispute will 
be returned. 

Office of Financial and Insurance Services 
PO Box 30224 
Lansing, MI 48909

19.  Location of ATMs: The number and locations of the ATMs we own 
or operate is subject to change at any time. Locate CO-OP ATMs by 
visiting our website at www.msufcu.org, via Green on the Go® mobile 
banking, or the MSUFCU Mobile app. 

20.  Card Ownership: All ATM cards, PINs, and passwords we provide 

are the property of MSUFCU. MSUFCU may, without liability or 
notice, revoke, cancel, or limit any or all use of the card privileges 
afforded in this agreement for good cause, and you will surrender 
the card to MSUFCU immediately upon demand. If this agreement 
is terminated, you agree to surrender the card to us.  The primary 
member is responsible for all ATM cards issued to the member or any 
joint owners. If joint owners are removed from the account, it is the 
responsibility of the primary member to recover and surrender all 
ATM cards.  Any transaction performed by a joint owner after the joint 
owner has been removed from the account shall be considered an 
authorized transaction for which the primary member is responsible, 
until the primary member has notified MSUFCU in writing that the 
joint owner is not authorized to perform transactions or the ATM 
card(s) has been surrendered to MSUFCU. 

21.  Secrecy of PIN: If we have issued a PIN or password to you, or if 
you have selected your own MoneyLine Personal Access Code or 
ComputerLine password, you agree to keep your PIN and password 
secret and you also agree that you will not write the PIN on your ATM 
card nor any item you keep with your card. 

22.  Limitations of Electronic Fund Transfer: There is no limitation on 
the number or dollar amount of deposits, payment transactions, or 
transfers between accounts you may make at an automated teller 
machine during its 24-hour operating cycle. To protect against 
possible losses, however, there are limitations on how much cash you 
can obtain from the machines during a single cycle or purchases made 
via Point-of-Sale transactions. 

Regardless of the number of cards we may issue to you, the following 
daily cash and purchase limits apply to use of an ATM card or Visa 
Debit Card: 

• The amount of cash that may be obtained by using your ATM card at 
an ATM is limited to $500.00 per day ($200.00 limit when the machine 
is offline).

• The amount of cash and purchases that may be obtained by using 
your ATM card at a POS terminal is limited to $1,000.00 when your 
account has been open for less than six months, and $2,500.00 when 
your account has been open for more than six months ($200.00 limit 
when the machine is offline).

If you do these things in writing, you MUST send us a letter or call us 
at the address or phone number set forth in Section 9. 

All limitations in this section are subject to the verified balance in the 
account(s).

If you tell us orally that you want such a transfer reversed, you must 
send us a letter to confirm your reversal request, your notice of 
attempted resolution of the dispute, and your assurance to return 
any returnable goods involved. We must receive this letter within 14 
calendar days of the date of your oral request for reversal.  We reserve 
the right to impose a reasonable charge for handling such reversal 
requests. 

17.  Business Days: Business days for our offices are as follows: Monday 

through Friday, excluding posted holidays. We reserve the right to 
change our business days and hours at any of our branch facilities.

18.  Regulatory Agency: If you believe that we may have violated the 
Michigan law regulating electronic fund transfers (Michigan Public 
Act No. 322 of 1978) you may contact: 

Michigan Department of Consumer and Industry Services 

In cases where an ATM card has been authorized for obtaining cash 
advances from ATMs or on a loan account, the maximums mentioned 
above include such cash advances.

There is a minimum $50.00 on Visa cash advance transactions 
performed at ATMs. 

We reserve the right to change these limitations on use of the 
machines at any time.

30.  Termination of Prior Agreements: This disclosure terminates and takes 
the place of any disclosure or agreement related to Electronic Fund 
Transfer laws we have previously furnished to you 21 days after we mail 
it to you. 

31.  Effective Date: Except as provided in Section 30, the effective date of 

this disclosure (Agreement) is 07/2014.

ELECTRONIC FUND TRANSFER 
AGREEMENT AND DISCLOSURE

checking account agreement with us, (2) an advance on your line-of-
credit loan account with us will be made to cover the overdraft and you 
will repay that advance in accordance with the terms and conditions 
of your line-of-credit plan, or (3) if you do not have a line-of-credit with 
us but qualify for our overdraft Courtesy Pay program, we may cover 
the overdraft and assess a fee as disclosed in our Fee Schedule. If there 
are not sufficient funds to make a transfer according to (1) or (2) of 
this sentence, or if you do not qualify for overdraft Courtesy Pay, then 
such overdraft will be paid to us as provided in the first sentence of this 
section. 

24.  Crediting of Deposits and Payments: Deposits or payments made 

in an ATM, whether in cash, check, or money order, are subject to 
verification and the posting of such deposits and payments to savings, 
checking, or loan accounts may be delayed until they can be collected 
from the machine, verified, and entered into our accounting system. 
Further delay may occur if the transaction is made on or immediately 
prior to a Saturday, Sunday, or holiday on which we are closed. If you 
place a check or money order in the machine as a deposit or payment, 
it is subject to collection in accordance with your account agreement 
with us and our Funds Availability Policy as was disclosed to you upon 
opening your account and as may have since been amended. 

25. 

International Transactions: When you use your Visa Debit Card, 
Visa Credit Card, or ATM card for international transactions, a fee will 
be assessed. You agree to pay a 1.00% International Transaction Fee 
for ATM and Point-of-Sale (i.e., PIN-based) transactions and a 3.00% 
International Transaction Fee for all other international transactions and 
cash advances. The fee will be assessed on international transactions if 
a currency conversion does take place or if the transaction is processed 
in U.S. dollars. 

When you use your Visa Debit Card, Visa Credit Card, or ATM card 
at a merchant that settles in, or at an ATM that dispenses, currency 
other than U.S. dollars, the charge will be converted into the U.S. 
dollar amount. The currency conversion rate used to determine the 
transaction amount in U.S. dollars is either a wholesale market rate or 
the government-mandated rate in effect the day before the processing 
date. The conversion rate in effect on the processing date may differ 
from the rate in effect on the transaction date or posting date. The 
International Transaction Fee will be calculated after the transaction has 
been converted to U.S. dollars. 

26.  Advisory Against Illegal Use: You agree not to use your card(s) for 
illegal gambling or other illegal purposes. 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. 

27.  Governing Law: This Electronic Fund Transfer Agreement and 

Disclosure is governed by the Bylaws of Michigan State University 
Federal Credit Union, federal laws and regulations, state laws and 
regulations, and local clearing house rules, as may be amended from 
time to time. Any disputes regarding this agreement shall be subject 
to the jurisdiction of the appropriate court in Ingham County or the 
Federal District Court for the Western District of Michigan. 

28.  Enforcement: You agree that you will be liable to us for any loss, cost, 

or other expenses, including reasonable attorney’s fees, we incur as 
a result of your failure to comply with the terms and conditions set 
forth in this Agreement and as we may amend from time to time.  You 
authorize us to deduct any loss, cost, or other expenses, including 
reasonable attorney’s fees, for any action we may take to enforce this 
Agreement from any account you hold at Michigan State University 
Federal Credit Union. 

23.  Responsibility for Overdraft: If you obtain cash from an ATM which 

29.  Amendments Termination: We reserve the right to amend this 

creates an overdraft in your savings account, the overdraft amount 
is due and payable the moment you get it and you agree to pay the 
full amount of it to us. You also authorize us, in such a case, to apply 
from any other shares you may have at MSUFCU such amount as may 
be necessary to pay such overdraft amount. If the overdraft is created 
in your checking account, (1) a transfer will be made from your other 
share account(s) to cover the overdraft, in accordance with your 

disclosure (Agreement) in any manner and at any time. If we do so, we 
will give you such notice thereof as we deem to be reasonable under 
the circumstances; however, in specific cases when required by law we 
will give you at least 21 days advance written notice. We also reserve 
the right to terminate this disclosure (Agreement) by sending a notice 
of such termination by first-class mail to your last known address on our 
records, which notice shall be effective when mailed. 

Federally insured 
by NCUA

10%

                                                  BB13R    200    03/16