Disclosure Information

You may pick up a copy of our current disclosures at the Credit Union or request that one be mailed to you.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT — To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


This website contains linked sites that are separate from our credit union´s website. YS Federal Credit Union is not responsible for the content or the availability of these or other linked sites.

yscu@nline Online Service Disclosure and Agreement

This Disclosure and Agreement states the terms and conditions governing YSCU's yscu@nline Online service provided by YS FEDERAL CREDIT UNION. YSCU's yscu@nline Online service must be initiated and used by the Primary Accountholder only. You understand that by signing an application, completing and submitting an application online, using or continuing to use these services, you agree to the terms and conditions of this Agreement.

I. Definitions

“Account Access” means your ability to access account and transaction information on accounts, and transfer funds between accounts, through the Internet.

“Account Agreement” means the agreement between you and us that governs the use of your account, including deposit account agreement, any funds availability agreement, electronic funds transfer agreement or disclosure, line of credit agreement, credit card agreement and our schedule of fees and charges.

“Business Day” means normal scheduled business hours.

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

“Personal Identification Number” or “Password” means the confidential identification number or code assigned to you by us or selected by you for identification purposes in connection with YSCU's yscu@nline Online service.

“Transaction” means any deposit, order, payment, transfer, withdrawal or other instruction relating to any account or account services provided by the Credit Union.

II Setup and Use

Eligibility: In order to activate YSCU's yscu@nline Online service, you must have at least one account with us. Your accounts must be in good standing and remain in good standing with the Credit Union. We will assign a password that you must change when signing on to yscu@nline Online service.

To use YSCU's yscu@nline Online service, you must use a personal computer or other device with the capacity to interface by modem or otherwise with the Credit Union´s or our agent´s system. The Credit Union is not responsible for providing any equipment, services or advice related to equipment necessary to interface with our system, and is not responsible for any error in connections, transmissions or otherwise regarding any system, software, entries or instructions.

When using YSCU's yscu@nline Online service you must, when prompted enter your member number, personal identification number, and any other requested information. By entering the correct information you will have direct access to your Credit Union accounts. You should carefully review the section regarding security and your password. You should keep your password in a secure location. Any person having access to your YSCU's yscu@nline Online service password will be able to access the service and perform all transactions, including reviewing account information and making transfers.

Equipment and Software Requirements: To use YSCU's yscu@nline Online service, you need a computer with a modem and a web browser (such as Netscape Navigator, Microsoft Internet Explorer or an equivalent). You are responsible for the set-up and maintenance of your home computer and/or modem.

III. YSCU's yscu@nline Online Service

Account Access: You can use YSCU's yscu@nline Online service to access your accounts with us. The YSCU yscu@nline Online service allows you to: Transfer funds between checking, and savings, see a summary of your accounts, make transfer payments to Line of Credit, Personal Loan, Auto Loan, and Mortgage Loans with the Credit Union with funds transferred from checking or savings. Get account information and/or statement update for checking, savings, or loan accounts.  Make VISA payments and access information about the Credit Union, our products and services, and other items of general interest.

Additional Information about YSCU yscu@nline Online service: You must designate one account as your primary YSCU yscu@nline Online service account. We link your other accounts to your primary account.  

  1. Account Access. You may transfer funds through the YSCU yscu@nline Online service in any amount [between $1.01 and $99,999.99]
  2. Processing Fund Transfers. We can process a fund transfer on the same Business Day as your online session, if we receive your instruction before the end of the Business Day. If we receive your instruction after the end of our Business Day, we will process the transaction on our next Business Day.

If there are insufficient funds in your account to make the transfer or payment you have authorized, we may refuse to make the transfer or payment and overdraw your account. In either event, you are responsible for any non-sufficient funds ("NSF") and overdraft charges that may apply.

IV. Responsibilities

Member´s Responsibilities

Your Rights and Responsibilities.  
You are responsible for keeping your password and account data confidential. We are entitled to act on transaction instructions received using your password, and you agree that the use of your password will have the same effect as your signature authorizing [or "will authenticate your identity and verify the instruction you have provided to us for"] the transaction(s).

Reporting Unauthorized Transactions
You should notify us immediately if you believe your password 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 (937) 767-7377, or write to YS Federal Credit Union 217 Xenia Ave P.O. Box 479, Yellow Springs, OH 45387.

Member´s Liability for Unauthorized Transactions.  NOTE: Federal law requires that if you believe your password 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 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 password and we can prove that we could have stopped someone from using your password 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 60 days after the FIRST statement showing such a transfer was mailed to you, 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. 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, you must call the Credit Union (937) 767-7377 immediately.

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 (937) 767-7377, or write to us at YS Federal Credit Union 217 Xenia Ave. P.O. Box 479 Yellow Springs, OH 45387 as soon as you can.

We must hear from you no later than 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:

  • Your name and account number; 
  • A description of the error or the transfer you are unsure about, and an explanation of why you believe it is an error or why you need more information; and
  • The dollar amount of the suspected error.

If you tell us orally [or by electronic communication], 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 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. If we decide that there was not an error, we will send you a written explanation within three business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation.

The Credit Union´s Responsibilities.

Our Responsibility for processing transactions
If we do not complete a transfer to or from your Account or a transfer as properly requested on time or in the correct amount according to our agreement with you, we may be liable for your losses or damages.

Our sole responsibility for an error in a transfer will be to correct the error, but in no case will we be liable for any indirect, special, incidental or consequential damages. In states, which do not allow the exclusion or limitation of liability for indirect, special incidental or consequential damages, our liability is limited to the extent permitted by applicable law.    

Limitations of Our Responsibility for Processing Transactions.
There are some exceptions to our liability for processing transactions on your accounts. 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 transfer;
  2. if the transfer would go over the credit limit on your overdraft line;
  3. if the funds in your account were attached or the transfer cannot be made because of legal restrictions affecting your account;
  4. if circumstances beyond our control such as interruption of telephone service or telecommunication facilities, or natural disaster (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken;
  5. for any failure to provide access or for interruptions in access to the YSCU yscu@nline Online service due to a system failure or due  to other unforeseen acts or circumstances;
  6. for any errors or failures from any malfunction of our computer or any computer virus or other problems related to your computer equipment used with the YSCU yscu@nline Online service; or
  7. for any error, damages or other loss you may suffer due to malfunction or misapplication of any system you use, including your browser (Netscape Navigator(r), Microsoft Explorer(r), or otherwise), your Internet service provider, your personal financial management or other software (such as Quicken(r) or  Microsoft Money), or any equipment you may use (including your telecommunications facilities, computer hardware and modem) to access or communicate with the YSCU yscu@nline Online service.  

V. Changes In Terms and Other Amendments

The Credit Union may change the YSCU yscu@nline Online service and the terms, including fees for multiple accounts, set forth in this Agreement at any time. You will be notified of any such change as required by applicable law, either by mail or by an electronic message. Your use of these services after any such change will evidence your agreement to any changes.

VI. Termination

You may terminate your YSCU yscu@nline Online services with 30 days´ prior notice to us in writing with your signature. Your YSCU yscu@nline Online service will remain in effect until terminated by you or us. You may notify us to cancel your YSCU yscu@nline Online service at any time via email, calling, or writing to us. This cancellation applies only to your YSCU yscu@nline Online service and does not terminate your other relationships with us. We may terminate your participation in YSCU yscu@nline Online service for any reason, at any time. We will attempt to notify you in advance, but we are not obligated to do so.

YS Federal Credit Union

Electronic Delivery of Statements and Notices

Effective June 30, 2011

This disclosure provides important information about YS Federal Credit Union’s (hereafter referred to as YSCU) electronic delivery option of member account periodic statements and notices.Please keep a copy for your records. You will have the opportunity at the end of this disclosure (in our internet banking site) to electronically accept these terms, giving consent to receive your statement and certain notices electronically.

By accepting this disclosure agreement you consent and agree that YSCU may provide certain disclosures and notices to you in electronic form instead of in paper form including electronic delivery of statements (eStatements). This consent is in addition to all other agreements you may have with YSCU including but not limited to funds availability agreements, electronic funds transfer agreement and disclosures, and deposit account agreements. With this agreement you will no longer receive paper statements via the U.S. Postal Service. By accepting eStatements you authorize YSCU to provide your account statements along with other disclosures and notices via statement messages or by email.

Notice of eStatement and/or electronic information will be sent to your last known email address on file at YSCU as provided by you.

To access your eStatement you will need:

  1. Internet access and a valid email address;
  2. A computer and Internet browser that supports 128-bit encryption;
  3. Note: for security purposes, you should use the most current version of your browser. Java script and cookies MUST be enabled on your computer.
  4. Access to a printer or storage medium to download or print statements and disclosures for your later reference.

You have a right to receive this disclosure in paper form. Contact us at 937-767-7377 or request in writing at 217 Xenia Avenue, Yellow Springs, OH 45387.

You can withdraw this consent at any time and begin receiving statements and notices on paper by mail by notifying us in writing within ten (10) days of the statement cycle end date.Fees may apply; refer to YSCU’s current fee schedule. Send requests to 217 Xenia Avenue, Yellow Springs, OH 45387.We may revise hardware/software requirements to access eStatements. If there is a material change that impacts you, you can withdraw your consent for eStatements and notices without penalty.

You are responsible to notify us of a change in your email address within ten (10) days of the statement cycle end date.You may do so in writing to 217 Xenia Avenue, Yellow Springs, OH45387 or on-line.

If your email is undeliverable, we may revert your statements back to paper and charge fees as disclosed in the current fee schedule.

YSCU reserves the right to change the terms and conditions of this agreement, including termination, in whole or part at any time. You agree that the Credit Union will not be liable if you can not gain access to the Internet, website, or online banking from time to time. This service may be unavailable at times due to maintenance, computer or network failure, communications or power availability causes beyond our control.

Statement notifications to one address are considered notification to all account parties. Any one party to an account can change the email address on file, and YSCU has no obligation to notify other account parties of such change.All account owners are liable for protecting the security of account information, passwords, usernames etc., and for ensuring that statements and information is not intercepted or viewed by others. Notify us immediately if you suspect unauthorized use of your User ID and Password. You agree to promptly review your statement and notify YSCU according to Error Resolutions procedures of any irregularities.Time frames for notification of errors begin on the eStatement email notification date regardless of when you access and/or review your eStatement.

With your acceptance, you agree to periodic statements in electronic format in place of paper format delivered via U.S. Postal Service. You will be bound by all laws, rules and regulations applicable to eStatements. You agree you have the necessary equipment to retrieve and view your eStatements and that you will notify us of any email address change or if you want to stop receiving statements electronically.

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