ABE MEMBER CONNECT WEB BANKING  AND BILL PAYER SERVICE AGREEMENT

This Agreement is between ABE Federal Credit Union, including any agent, independent contractor, designee, or assignee that ABE Federal Credit Union may in its sole discretion involve in the provision of Member Connect Web (collectively "we", "us", "our" or "Bank") and each consumer who has enrolled in our Member Connect Web and any person authorized by the consumer to access Member Connect Web (collectively "you", "your" or "yours").

You should refer to Appendix "A" of this Agreement for the meanings of certain capitalized terms used throughout this Agreement. All references to time of day in this Agreement refer to Eastern Standard Time.

By submitting an ABE Federal Credit Union Member Connect Web First Time User Registration, you are agreeing to the following terms and conditions.

I.                     Setup and Use of Member Connect Web

1. Eligibility and Registration.

In order to use Member Connect Web you must have a Checking Account with us. When you register for Member Connect Web you will be asked to designate a Primary Checking Account and select a unique access code. Your access code is confidential and should not be disclosed to third parties. You should keep your access code in a secure location. Any person having access to your credit union account no. and access code will be able to access the Member Connect Web and perform all transactions, including reviewing Account information and making transfers to other Accounts and to other persons. You acknowledge that no person from the credit union will ever ask you for your access code.

2. Access.

Member Connect Web  is generally accessible twenty-four (24) hours a day, seven (7) days a week. However, Member Connect Web may be temporarily unavailable due to record updating or other maintenance or technical difficulties. In addition, access to Member Connect Web is made available to you as the result of a license agreement between us and Online Resources Corporation ("Online Resources"). Therefore, any interruption of service or access caused by Online Resources may also prevent you from using Member Connect Web. We reserve the right to modify, suspend, or terminate access to the Member Connect Web at any time (for any reason) without notice to you or refund of fees you have paid.

3. Equipment and Software Requirements.

To use Member Connect Web you need a computer with a modem, an Internet service provider and a Web browser [such as Netscape Navigator® or Microsoft Internet Explorer® (Version 4.0 or higher)]. You are responsible for the set-up and maintenance of your home computer and modem.

II. Features of Member Connect Web

1. Account Access.

You can use Member Connect Web to access one primary checking account for bill pay. Member Connect Web offers the following features:

*       viewing of Account balances and online transactions;

*       Bill Payment.

These features are limited to the extent noted elsewhere in this Agreement and are subject to the terms and conditions contained in the various agreements governing your Accounts. You should refer to these agreements for restrictions and service charges.

2. Bill Payment.

a) Payee Designations and Limitations.

When you maintain a Payee list, you are electing to utilize the Bill Payment feature of Member Connect Web. You may utilize the Bill Payment feature to make payments to a maximum of 45 Payees. No single payment to a Payee may exceed $9,999.99. You are required to provide us with the name and address of the Payee, your account number with that Payee and any other information we require to properly debit your Primary Checking Account with us and remit payment to the Payee. We may refuse to allow you to designate a particular Payee or class of Payees. Currently, you are prohibited from designating a federal, state or local governmental or tax unit as a Payee. You are also prohibited from using Bill Payment to settle securities transactions, to make court-ordered payments, child or spousal support payments, or payments to a Payee located outside of the United States. All Bill Payments are made in U.S dollars. We reserve the right to refuse to honor a Bill Payment request that reasonably appears to us to be fraudulent or erroneous.

b) Scheduling Bill Payments.

In many cases, your Bill Payment will be electronically delivered to the Payee within two (2) business days of the start date you have selected. However, some Payees are unable or may choose not to accept electronic payments. In these cases, a check will be sent to the Payee using the U.S Postal Service. A Bill Payment that must be mailed can take up to five (5) business days to be delivered to the Payee. You must allow sufficient time (2 or 5 business days, depending upon how the payment will be remitted) for us to receive your Bill Payment request and process it so that the funds can be delivered to the Payee before the payment due date, excluding grace periods. (For mortgage payments, you must schedule your payments on or before the actual due date of your payment, excluding any grace period that your mortgage may provide). If you do not allow sufficient time for a payment to be made, you assume full responsibility for all late fees, finance charges, and any other actions taken by the Payee. When you add a Payee, we may contact the Payee to verify the information you have provided and the payment instructions. You will not be able to schedule a start date for a Bill Payment to a Payee until verification is completed (as noted by display of "Available" on your Bill Payment status field). Verification of a Payee can take up to ten (10) business days.

c) Processing Bill Payments.

1. "Future."
If I designate a Bill Payment as a "Future" transaction, I may request that the transaction be made on a future date that I may designate up to 364 days in advance of the Scheduled Initiation Date. Sufficient funds must be available by
midnight of the night before the Scheduled Initiation Date, but will be deducted from my designated account on the Scheduled Initiation Date. "Future" transactions may be canceled or changed until 12:00 midnight of the night before the Scheduled Initiation Date.

2. "Recurring."
If I designate a Bill Payment  as a "Recurring" transaction, I may request, and the ABE Federal Credit Union will use, a Scheduled Initiation Date that reoccurs on a specified regular basis (i.e. weekly, bi-weekly, monthly, etc). I will designate a "start" and "end" date. Sufficient funds must be available by
midnight of the night before the Scheduled Initiation Date, but will be deducted from my designated account on the Scheduled Initiation Date. "Recurring" transactions may be canceled or changed until 12:00 midnight of the night before the Scheduled Initiation Date.

d) Inability to Process Bill Payments Due to Insufficient or Uncollected Funds.

We will attempt to notify you if a Bill Payment is not processed because there are insufficient or uncollected funds in your Primary Checking Account on the day the transaction is scheduled to occur. We shall not be responsible if we are unable to reach you, whether or not this is due to events beyond our control. You are responsible for making us aware of any changes in your current mailing address and home or business telephone numbers. In all cases, you are responsible for either making alternate arrangements for the Bill Payment or rescheduling the Bill Payment through Member Connect Web.

e) Stopping Future or Recurring Bill Payments.

To stop a Future or Recurring Bill Payment, you must select the Bill Payment option on Member Connect Web’s navigation bar and choose and complete the Delete Payments option in the Bill Payments Window. (Detailed instructions are found in the online Help of Member Connect Web.) If you need assistance in stopping a Future or Recurring Bill Payment, you can call us at (800) 780-9496.

5. Authorizations and Provisions Applicable to Bill Payment  

a) Authorization to Deviate from Bill Payment Instructions.

From time to time we may receive instructions from a Payee that directs us, in order to ensure the timely processing of your payment, to send your payment to an address other than the one that you provided us, or that directs us to make your payment electronically rather than by check, to an account owned by the Payee at another financial institution. You authorize us to follow those instructions, to help ensure that your payment is received by the Payee and promptly credited to your account with the Payee.

b) Reversing Entries to Make Corrections.

You authorize us to initiate any reversing entry or reversing file, and to debit your account with us or an account maintained elsewhere, in order to correct any mistaken entry.

c) Information Disclosure.

You authorize us to disclose information to third parties about you or your Accounts and the Bill Payments  you make when it is necessary to verify or complete Bill Payments  or to resolve a problem relating to a Bill Payment . Disclosure of information for other purposes shall be made in accordance with "Our Privacy Policy." (The document "Our Privacy Policy" is displayed immediately after this Agreement.)

d) Termination of Primary Checking Account.

Your access to Bill Payment will be suspended or terminated automatically if your Primary Checking Account is closed, or access to your Primary Checking Account is restricted for any reason. If you would like to change your selection of a Primary Checking Account, you must notify us by calling one of our branches.

e) Overdraft Protection.

Any Personal Overdraft Protection that you have obtained for a Linked Account will be accessible using Member Connect Web transactions.

f) Custodians.

Custodians under UTMA certify that any funds withdrawn for Bill Payment  from an Account are being used for the benefit of the Minor named on the Account and that they will hold the Bank harmless from any and all liability with respect to such transactions.

6. Acceptance of Terms and Conditions.

You agree to comply with the terms and conditions set forth in this Agreement and that such documents may be amended from time to time. You understand and agree that by requesting Member Connect Web Service, you are authorizing ABE Federal Credit Union, and any agent, independent contractor, designee, or assignee that ABE Federal Credit Union may in its sole discretion select to conduct online banking transactions (including bill payment transactions that you may request) on your behalf. You authorize ABE Federal Credit Union to charge your account for providing Member Connect Web Internet Banking Service.

III. Statements.

A monthly account statement will be provided to you for any Account that has had a Bill Payment  occur during the monthly cycle. In any case, you will receive a statement for your statement Accounts at least quarterly.

IV. Fees.

You should note that depending on how you access the Member Connect Web you may incur charges. These include:

*       normal cycle service fees and service charges; and

*       Internet service provider fees.

For savings accounts (with or without check-writing privileges), you may also incur an excess transaction fee for each transfer made through Member Connect Web that exceeds the number of limited transfers permitted by Federal regulations each statement cycle. These fees are described in your deposit account agreement.

V. Parties´ Responsibilities.

1. Your Rights and Responsibilities.

a) Authorized Use of Services by Other Persons.

You are responsible for keeping your access code and Account data confidential. We are entitled to act on instructions received using your access code, and you agree that the use of your access code will have the same effect as your signature authorizing the transaction(s). If you authorize other persons to use your access code in any manner, your authorization will be considered unlimited in amount and manner until you have notified us by calling 516-763-7514 or sending a message to our Member Service Department using the Member Connect Web "Secure Mail" function that you have revoked the authorization. You are responsible for any transactions made by such persons until you notify us that transactions by that person are no longer authorized and we have a reasonable opportunity to act upon your notice and change your Password.

b) Reporting Unauthorized Transactions.

You should notify us immediately if you believe your access code has been lost or stolen or that someone has transferred or may transfer money from your Account without your permission or if you suspect any fraudulent activity on your Account. To notify us, call 516-763-7514 or contact us by sending a message to our Member Service Department using Member Connect Web "Secure Mail" function.

2. Consumer Liability for Unauthorized Transactions.

NOTE: Federal law requires that if you believe your access code has been lost or stolen, and you tell us within two (2) business days after you learn of the loss or theft, you can lose no more than $50 if someone used your access code without your permission.

Please tell us AT ONCE if you believe your access code has been lost or stolen. Telephoning us at 516-763-7514 or sending a message to our Member Service Department through the Member Connect Web "Secure Mail" function are the best way(s) of keeping your possible losses down. If you do not notify us promptly, it is possible that you could lose all the money in your Account (plus your maximum line of credit available through any Personal Overdraft Protection you maintain with us). If you tell us within two (2) business days, you can lose no more than $50 if someone used your Password without your permission.

If you do NOT tell us within two (2) business days after you learn of the loss or theft of your access code, and we can prove that we could have stopped someone from using your access code without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows Transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the FIRST statement showing such a Transfer is mailed to you, you may not get back any money you lost after the sixty (60) days, if we can prove that we could have stopped someone from taking the money if you had told us in time. Your role is extremely important in the prevention of any wrongful use of your Account. You must promptly examine your Account statement upon receipt. If you find that your records and ours disagree, your must call 516-763-7514 or write us at:

ABE Federal Credit Union
Electronic Banking Services Department
7-11 Front Street
Rockville Centre, NY  11570

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we may extend these time periods.

Resolving Errors or Problems.

If you think your statement is wrong or if you need more information about a Transfer listed on the statement, contact us by telephone at 516-763-7514 or write us as soon as you can at:

ABE Federal Credit Union
Electronic Banking Services Department
7-11 Front Street
Rockville Centre, NY  11570

We must hear from you no later than sixty (60) days after we sent the FIRST statement on which the problem or error appeared. When you contact us, our representative will need to know the following information:

(1) your name and Account number;

(2) a description of the error you are unsure about, and an explanation of why you believe it is an error or why you need more information; and

(3) the dollar amount of the suspected error.

If you tell us orally by contacting 516-763-7514 we may require that you send us your complaint or question in writing within ten (10) business days. We will tell you the results of our investigation within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your Account within ten (10) business 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 question in writing and we do not receive it within ten (10) business days, we may not credit your Account. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

3. The Bank's Responsibilities & Limitations on Responsibilities.

If we do not complete a bill payment from your Account or cancel a bill payment as properly requested on time and in the correct amount according to our Agreement with you, we are liable for your losses or damages. However, as noted in the next paragraph, there are some exceptions. We will not be liable, for instance:

(1) if, through no fault of ours, you do not have enough money in your Account to make the bill payment;

(2) if the bill payment would go over the limit on your Personal Overdraft Protection;

(3) if the funds in your Account were attached or the bill payment cannot be made because of legal restrictions affecting your Account;

(4) if the system was not working properly and you knew about the breakdown when you started the bill payment;

(5) if circumstances beyond our control (such as an interruption of telephone service or telecommunication facilities, or a natural disaster such as a fire or flood) prevent the bill payment, despite reasonable precautions that we have taken;

(6) if you have not provided us with complete and correct Bill Payment information, including without limitation the name, address, account number and payment amount for the Payee on a Bill Payment;

(7) if the estimate of time you allow for delivery of a Bill Payment to a Payee is inaccurate, delays in mail delivery, changes in the address of a Payee or account number, or the failure of a Payee to account correctly for or credit a Bill Payment in a timely manner;

(8) if you have not properly followed the instructions for using Member Connect Web;

(9) any errors or failures from any malfunction of your computer or any computer virus or other problems related to your computer equipment used with Member Connect Web.

(10) any error, damages or other loss you may suffer due to malfunction or misapplication of any system you use, including your browser (Netscape Navigator®, Microsoft Explorer®, or otherwise), your Internet service provider, your personal financial management or other software (such as Quicken® or Microsoft Money®), or any equipment you may use (including your telecommunications facilities, computer hardware and modem) to access or communicate with Member Connect Web; or

(11) there may be other exceptions stated in our Agreement with you.

VI. Warranties of Fitness and Merchantability.

NEITHER WE, NOR ANY OF OUR SUBSIDIARIES NOR ANY INFORMATION PROVIDERS MAKE ANY WARRANTY, EXPRESS OR IMPLIED, TO YOU CONCERNING EQUIPMENT, BROWSERS OR OTHER SERVICES INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE OR NON-INFRINGEMENT OF THIRD-PARTY RIGHTS, UNLESS DISCLAIMING SUCH WARRANTY IS PROHIBITED BY LAW.

VII. Consumer Privacy.

Except as otherwise provided in this Agreement, information about you and your Accounts will be disclosed only in accordance with "Our Privacy Policy." (The document "Our Privacy Policy" is displayed immediately after this Agreement.)

VIII. Termination.

You are responsible for complying with all the terms of this Agreement. We can terminate your access to Member Connect Web under this Agreement without notice to you if you do not pay any required fee when due, if you do not comply with this Agreement or the agreements governing your deposit accounts, or if your deposit account is not maintained in good standing. We may also terminate your access to Member Connect Web if you do not sign on to the Member Connect Web or do not have any Transfer or Bill Payment scheduled through the Member Connect Web during any consecutive twelve (12) month period.

You may terminate your access to Member Connect Web by calling 516-763-7514. Your termination of your Member Connect Web will automatically terminate any pending payments.

IX. Changes in Terms and other Amendments.

We may add, delete or amend terms, conditions and other provisions (including fees and charges) described in this Agreement at our discretion. We will notify you in the manner required by applicable law. In the event the notice of change is not subject to a legal or regulatory requirement, we reserve the right to notify you by e-mail or by posting the change on our Website. You are bound by such change if you use Member Connect Web after the effective date of the notice.

X. Other Provisions.

1. Electronic Notice.

Member Connect Web "Secure Mail" (provided on the Member Connect Web pages) is secure mail that you may use to compose and send messages concerning only Member Connect Web Internet Banking transactions to our Customer Service Department. (If you select the E-mail function on  our ABE Federal Credit Union Website  - and not Member Connect Web Mail - the E-Mail communication that you send will be launched via your E-Mail software program and, as a result, will not be secure. )

There may be times when you need to speak with someone immediately. In these cases, do not use Member Connect Web "Secure Mail." Instead, call us at 516-763-7514.

2. Hours of Operation.

Our representatives are available to assist you from 9:00am to 5:00pm edt weekdays by calling 516-763-7514.

3. Geographic Restrictions.

The Member Connect Web described in this Agreement is solely offered to citizens and residents of the United States of America residing in the United States of America. Citizens and residents may not be able to access the Member Connect Web outside the United States of America.

4. LIMITATION ON LIABILITY.

BY USING MEMBER CONNECT WEB YOU ACKNOWLEDGE THAT WE SPECIFICALLY DISCLAIM ANY LIABILITY (WHETHER BASED IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE ASSOCIATED WITH ANY VIRUSES WHICH MAY INFECT A USER'S COMPUTER) INCLUDING ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES ARISING OUT OF, OR IN ANY WAY CONNECTED WITH, YOUR ACCESS TO OR USE OF [SERVICE NAME] SITE (EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES).

5. Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of New York, without regard to New York conflict of law provisions. Your existing Account relationships shall continue to be governed by and construed in accordance with the laws as disclosed in such Account agreements.

 

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Appendix "A"  to
Member Connect Web Agreement

Account means a deposit account (except Ineligible Accounts) that you maintain with us for personal, family or household use.

Account Access means your ability to access balance and transaction information, transfer funds between deposit accounts, or engage in bill payment via personal computer.

Account Agreement means this Agreement, and the agreement between you and us that governs the use of your Account, including deposit account agreements, funds availability and electronic fund transfer disclosures, and the schedule of fees and charges provided to you at account opening, all as shall be amended from time to time.

Bill Payment means the Member Connect Web feature that allows you to pay  funds to designated Payees based upon your instructions to us via a personal computer.

Business Day means every weekday that we are open for business, except federal or state banking holidays.

Checking Account means a Basic Checking or Super or Super Plus Checking Account.

Electronic means electrical, digital, magnetic, wireless, optical or electromagnetic technology, or any other technology that entails similar capabilities.

Ineligible Account means an Account that is not eligible to be linked to Member Connect Web because of: (i) the manner in which the Account is maintained (for example, a court-ordered guardian Account), (ii) the legal status of the account (for example, an account where one of the account owners is deceased or the balance of which is restrained due to legal process), or (iii) account type (for example, a Minor Savings Account.)

Linked Accounts means Accounts that are accessible through Member Connect Web.

Member Connect Web shall mean the features and services available to you using Member Connect Web Service.

Access code means the access code that you designate for first time access to Member Connect Web.

Payee means any individual, financial or educational institution, company, merchant or other business entity we allow you to make Bill Payment to using Member Connect Web.

Primary Checking Account means the Checking Account that you have authorized us to debit in order to make a Bill Payment to a Payee.

Transfer means an electronic banking transaction.

 

 

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ABE FEDERAL CREDIT UNION PRIVACY NOTICE

 

American Broadcast Employees Federal Credit Union, your member owned financial institution, is committed to providing you financial products and services to meet your needs and reach your financial goals. We are equally committed to protecting our members’ privacy. You can be confident that your financial privacy is a priority of this credit union. We are required by law to give you this privacy notice to explain how we collect, use and safeguard your personal financial information.

 

Information We Collect and Disclose About You

We collect the following nonpublic personal information about you from the following sources:

 

·         Information we receive from you on membership and loan applications and other forms;

·         Information about your transactions with us or others;

·         Information we receive from a consumer reporting agency;

·         Information obtained when verifying the information you provide on an application or other forms, such as from your current or past employers or from other institutions where you conduct financial transactions.

 

Disclosure of Information to Parties That Provide Services to Us

We may also disclose all the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements. American Broadcast Employees FCU has contracted with The CUNA Mutual Group to offer our membership Auto and Homeowners Insurance Products via direct mail. ABEFCU believes that these products may be of value and benefit to our membership, however, if you would like to be removed from future mailing lists please contact your local branch office. To protect our members’ privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the member information we provide to other third parties.

 

In order to conduct the business of the credit union, we may also disclose nonpublic personal information about you under other circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records.

 

Disclosure of Information About Former Members

If you terminate your membership with ABE Federal Credit Union, we will not share information we have collected about you, except as permitted or required by law.

 

How We Protect Your Information

We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.