I/We authorize the State Employees Credit Union - (the credit union) to establish a special share account for me/us to be known as a “Checking Account.” The credit union is authorized to pay checks signed by me (or by any of us, if this agreement is signed by more than one person) and to charge the payments against the Checking Account. It is agreed that:

1. only check blanks and other methods approved by the Credit Union may be used to withdraw funds from this Checking Account;
   
2. the credit union is under no obligation to pay a check which exceeds the balance in the Checking Account; the credit union, may, however, pay such a check and charge the amount of the resulting overdraft plus a service charge against any other savings account from which the person who signed the check is entitled to withdraw shares; the credit union is under no obligation to pay a check on which the date is more than six months old;
   
3. except for negligence, the credit union is not liable for any action it takes regarding the payment or nonpayment of a check;
   
4. any objections respecting any item shown on a monthly statement of the Checking Account shall be waived unless made in writing to the credit union on or before the twentieth day following the day the statement is mailed;
   
5. all non-cash payments received on shares in the Checking Account will be credited subject to final payment;
   
6. the Checking Account shall be subject to service charges in accordance with the rate schedules adopted by the credit union from time to time;
   
7. the use of the Checking Account is subject to such other terms, conditions and requirements as the credit union may establish from time to time; and
   
8. if signed by more than one person, this agreement is subject to the additional terms and conditions* of any joint share account agreement that applies to a savings account in our joint names.
   
9. The credit union will in no way be responsible or liable for: certification or payment through error, inadvertence, negligence or carelessness of post dated checks.

*Additional Terms & Conditions
(Joint Share Account Agreement)

The credit union is authorized to recognize any of the signatures shown hereof in the payment of funds or the transaction of any business for this account. The joint owners of this account hereby agree with each other and with the credit union that all sums now paid in on shares, or heretofore or hereafter paid in on shares by any or all of said joint owners to their credit as such joint owners with all accumulations thereon, are and shall be owned by them jointly, with right of survivorship and be subject to the withdrawal or receipt of any of them, and payment to any of them or the survivor or survivors shall be valid and discharge the credit union from any liability for such payment.

The right or authority of the credit union under this agreement shall not be changed or terminated by said owners, or any of them except by written notice to the credit union which shall not affect transactions theretofore made.

Federal regulations and credit union policies limit the number of overdraft transfers to no more than three (3) per calendar month.