Privilege Pay is a service that allows us to pay an item presented for payment against your checking account even if it causes the account to become overdrawn. This may include share drafts, ATM withdrawals, Debit and ATM Card Transactions, ACH items and WebPay (online bill paying service).

Privilege Pay may provide members in “good standing” with the ability to overdraw their account up to a maximum of $750 including fees incurred if the eligibility requirements are met. “Good Standing” is defined as: A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance at least once every 30 days; C) Not having overdrawn balances on other credit union accounts; D) There are no legal orders outstanding on your account; E) You do not have any loans with us that are more than 30 days past due;  F) There is not documented “Kiting” occurring on your account; G) You did not provide false information on your membership application; H) We have not received documentation of an unpaid closure or account abuse at another financial institution and I) You have not caused the credit union a loss.

Eligibility requirements: A) agreement to opt-in to this service for one time Debit Card and ATM items; B) account is not classified as dormant; and C) we have a current mailing address.

• Qualification for $150 limit: Account must be in "good standing" and meet all eligibliity requirements
• Qualification for $300 limit: Account must be opened 61 days, be in “good standing” and meet all eligibility requirements.
• Qualification for $750 limit: Account must be opened 121 days, be in “good standing” and meet all eligibility requirements.

This non-contractual courtesy of paying overdrafts requires opt-in agreement for everyday Debit Card charges and ATM transactions. A confirmation will be provided confirming your choice to opt in. This service is not a loan. No additional agreements need to be signed, and it cost nothing unless the privilege is used. If you maintain the account in good standing and have the need for this “privilege”, we may, at our sole discretion, pay the item(s) up to the authorized limit, and your account will be assessed a fee of $30.00 for each transaction. Transactions may not be processed in the order in which they occurred which could affect the total amount of overdraft fees. The amount of the fees assessed is subtracted from the overdraft protection limit.  We will send you a notice each time an overdraft occurs. Once your account becomes overdrawn, you have 33 days to bring your account back to a positive balance.

Privilege Pay applies after your pre-existing overdraft protection resources such as your line of credit or savings account transfers are exhausted. You may opt-out of this service at the time that you open your account or revoke this service by signing an opt-out notice at any of our branches. Please see a member service representative to inquire about a line of credit as an alternative to privilege pay services.

SHARE DRAFT REASONS FOR CLOSING

      1. Not making regular deposits sufficient to cover transactions.

       2. Not bringing your account to a positive balance at least once every 30 days.

       3. Account becoming overdrawn more than the allowed privilege pay limit.

       4. Documented “kiting” deposits of uncollected funds.

       5. You have caused the Credit Union a loss.

       6. Documentation of an unpaid closure or account abuse at another financial institution.

       7. Providing false information on your membership application.

If your account is closed because of overdrafts, it will reported to chexsystems. You will be responsible to pay any charged off balance including fees incurred through chexsystems.

MasterCard-CHECK AND CASH CARD

(Debit Card)

Effective 5-1-2010

This disclosure is for a check/cash card, not a credit card. Card transactions and fees, if any, post immediately to your share draft or share account.

CARD USES:

1)      Withdraw cash at any Cirrus, Visa, MasterCard, Discover, Jeanie, CU24 machine nationwide.

2)      Purchases at all merchants nationwide that accept MasterCard such as supermarkets, gas stations, restaurants and department stores.

3)      Access Line of Credit. (approval required)

 CARD TERMS AND CONDITIONS:

1)      ATM cash withdrawal limit of up to $500 within a 24 hour period.

2)      No withdrawals will be permitted if any loans with us are more than thirty days delinquent.

3)      You agree to keep your PIN (personal identification number) in a secure location.

4)      You will be allowed 5 FREE ATM transactions per month at an ATM not owned by us. A $1/ATM transaction fee will be assessed after the 5th transaction.

5)      When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. And you may be charged a fee for a balance inquiry even if you do not complete a fund transfer. Be aware that your credit union has no control over such surcharges.

6)      Listed below are the locations of ATM’s owned by C-Plant Federal Credit Union to ensure members access to their funds without a transaction fee. 

a)     USEC Plant- Cafeteria (restricted access)

b)     C-Plant FCU-Main Service Center-2500 Lone Oak Road-Paducah

c)     Southside Branch-3201 Wayne Sullivan Drive-Paducah

d)     LaCenter Branch-339 E. Kentucky Avenue-LaCenter

e)     Village Square Branch-4900 Village Square Drive-Paducah

A fee of $30.00 will be imposed for each debit card transaction that is processed with insufficient funds if you opt i to overdraft services. You agree to deposit funds to cover insufficient balances. Use of this card could activate the Privilege Pay Service if you choose to opt in. Contact an account representative at any Branch for more details so you can opt in to the Privilege Pay service.

 C-Plant Federal Credit Union is the issuer of this card and may cancel or limit its use at any time. Use of the card constitutes your agreement to be bound by the terms and conditions as amended from time to time. You agree to return the card upon demand. You cannot transfer this card. C-Plant FCU reserves the right to revoke or suspend use of said card in the event of excessive overdrafts or misuse.

Please call 1-800-528-2273 to report a lost or stolen ATM card after hours or on holidays. During business hours please call 1-877-273-3488.

• Inactive Share Accounts will be closed 30 days after dropping below the par value of 5.00.
• Certificate Rates, Terms and Conditions Subject to Change Weekly.
• Dividends are paid based on Anticipated Available Earnings
• All Savings and Certificate Accounts Insured to $100,000 by the National Credit Union Administration, an Agency of the Federal Government.
• IRA share and Certificate Accounts Insured to $250,000 by the National Credit Union Administration, an Agency of the Federal Government.
• Contact Credit Union Employee for further Information on Fees and Terms
  
  

***SPECIAL NOTES***  

Inactive Accounts:  An account is not considered inactive until it has not had any activity (no transactions) for 12 consecutive months.  The posting of interest is NOT considered activity on the account.  It must be a deposit or withdrawal, etc.  Inactive account fees will not be charged to members that have IRA's, Share Certificates (CDs), HSA’s, loans, primary members under the age of 18 or accounts that have an aggregate balance of $5000 or more.