Disclosures

NON-RETURN PRIVILEGE POLICY

NOTICE: The following is DATCU’s Non-Return Privilege (NRP) Policy. This is only a policy and is not part of your contractual arrangement with us.

DATCU recognizes that members may inadvertently write a check or perform other checking account transactions when sufficient checking account funds are not available to pay the transactions. To cover such transactions, our Automatic Overdraft Protection service will automatically transfer funds from other deposit accounts of yours to your checking account. You may also apply for an overdraft line of credit to cover overdrafts. For Automatic Overdraft Protection from deposit accounts, there is an Overdraft Protection Transfer fee per transfer (See our Truth-In-Savings Fee Schedule), but federal regulations limit the number of automatic or preauthorized transfers allowed each month from your savings accounts. Please refer to the DATCU Account Agreement for details about limitations on automatic and preauthorized transfers from savings accounts. To apply for an overdraft line of credit, please contact us.

For those occasions when overdraft protection is not available from a deposit or line-of-credit account, we also offer our Non-Return Privilege service. This is a non-contractual, discretionary service whereby DATCU may choose to pay inadvertent overdrafts of qualified members caused by in-person transactions, debit card transactions, preauthorized transfers (ACH), and transfers by other electronic means when no other form of overdraft protection is available. To qualify, you must (i) make regular deposits with us at least once a month, (ii) resolve any negative account balances or other amounts owing to us within 30 days of the event giving rise to the obligation, unless we have agreed otherwise in writing, and (iii) have no legal orders outstanding. This service may not be made available to you until we have verified that you qualify. In addition, we reserve the right to limit the number of checking accounts approved for NRP to one per household. Our payment of overdrafts using this service is limited at any one time to a maximum of $300 per member for Free Checking accounts and $500 to $700 for other qualified checking accounts, including overdraft fees. This service is not available for Money Market Draft Accounts.

The NRP service is not a contractual obligation of the Credit Union, is not a line of credit, and there is never any guarantee of payment. We retain the sole discretion to refuse to pay any overdraft at any time for any reason. You should not rely on this service as a means to pay ordinary and routine expenses.

If at any time you feel you need help with your financial obligations, please contact one of our Personal Service Representatives at (940) 387-8585 or (866) 387-8585.

There is an NRP fee each time we choose to pay a transaction using the NRP service (See our Truth-In-Savings Fee Schedule). There is no limit to the number of NRP fees that may be charged each day. You should be aware that we normally process transactions in the order in which they are received and not necessarily in the order they were transacted. We may also process payment orders and withdrawals in any order we choose. These practices can affect the number of NRP fees you may incur each day. Please remember that we are never under any obligation to pay any overdraft using the NRP service, and you should not expect that we will pay an overdraft at any time or give you notice that we will not or have not paid an overdraft, even if we have paid overdrafts for you in the past.

Our NRP service can help protect your good name in your community. Amounts advanced to you through this service require repayment in full immediately. Joint account owners are jointly and severally responsible for amounts advanced under this service. You may repay an overdrawn account by depositing funds or obtaining an approved loan with us. If you do not repay advanced funds within 60 days of the advance, we may terminate your access to the NRP service, refer the matter to collection, and exercise other rights as provided by law. We may also report your payment status to consumer reporting agencies such as ChexSystems.

We reserve the right to terminate your access to the NRP service at any time and for any reason without notice to you. We also reserve the right to add to, change, or delete the terms of this policy or to discontinue the NRP service at any time in our sole discretion.

If you have any questions or would prefer not to participate in the NRP service, you may opt out. To opt out, please contact us at one of the telephone numbers above.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency.	We do business in accordance with the federal fair housing law and the equal opportunity act.
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