Money Market Account Disclosures

This disclosure contains important information about the Stark Federal Credit Union Money Market Account.  You should read it carefully.

  1. Minimum opening balance is $2,500.

  2. Federal regulations limits the number of withdrawals and/or transfers that may be made by telephone, PC transfer, preauthorized transfer, check or debit card. You are limited to three (3) withdrawals and/or transfers each monthly statement cycle. If you exceed this limitation, your account will be closed and the balance transferred to your Regular Savings account.

  3. Account allows unlimited deposits and electronic Direct Deposit.

  4. Variable tiered rate subject to change at any time.  Rate is determined by the entire account balance when the daily balance threshold is met.

  5. Accounts are Federally insured by the National Credit Union Administration (NCUA) up to $250,000.

  6. A Money Market Account, whether it be individual or in joint name, is for personal use of the member(s) only and is non-transferable.

  7. Periodic statements will be provided to the member(s) not more frequently than once per month, at the Stark Federal Credit Union's option.  Any objection respecting any item shown on a periodic statement of this Money Market Account is waived unless made in writing to the credit union before the end of sixty (60) days after the statement is mailed.

  8. Stark Federal Credit Union reserves the right to refuse accounts and/or the use of the Money Market Account, at its discretion, and to terminate the deposit relationship at any time and without notice.

  9. This agreement governing the use of the Money Market Account may be amended at any time by posting such amendment in a conspicuous place in the Stark Federal Credit Union lobbies.  Such amendments will become effective immediately upon being posted, unless otherwise stated.