Disclosures:

ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE

This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic fund transfers (EFT) services offered to you by Light Commerce Credit Union (“Credit Union”). In this Agreement, the words “you,” “your,” and “yours” mean those who sign the application or account card as applicants, joint owners, or any authorized users. The words “we,” “us,” and “our” mean the Credit Union. The word “account” means any one (1) or more savings and checking accounts you have with the Credit Union. Electronic fund transfers are electronically initiated transfers of money from your account through the EFT services described below. By signing an application or account card for EFT services, signing your card, or using any

service, each of you, jointly and severally, agree to the terms and conditions in this Agreement and any amendments for the EFT services offered. Furthermore, electronic fund transfers that meet the definition of remittance transfers are governed by 12 C.F.R. part 1005, subpart B—Requirements for remittance transfers, and consequently, terms of this agreement may vary for those types of transactions. A “remittance transfer” is an electronic transfer of funds of more than $15.00 which is requested by a sender and sent to a designated recipient in a foreign country by a remittance transfer provider. Terms applicable to such transactions may vary from those disclosed herein and will be disclosed to you at the time such services are requested and rendered in accordance with applicable law.

E Statement Disclosure

In this Authorization and Consent you agree and understand that Credit Union will deliver your account statements to you electronically. You understand that you will be sent a notice via email alerting you that your statement is available to view, and will be directed access the Credit Union's secure e-statement site to view the statement.

You agree to keep us informed of any change in your email address. If we attempt to email you notices that your statements are available to view and our email is returned because your address is invalid, we will send a request for a valid email address to the postal address we have on file for you. If we do not receive a response within 14 days of sending you a request by mail, we will stop sending e-statements and instead send paper statements to the last postal address we have for you in our records. If postal mail is returned without a valid forwarding address, we will stop sending statements until you contact us with a valid email and postal address.

By consenting to electronic delivery of statements, you acknowledge that you will no longer receive statements by mail in paper form. If you wish to discontinue electronic delivery of your statements, you must notify the Credit Union that you wish to withdraw from the e-statement service. When you unsubscribe from the e-statement program, you will once again receive your statements in paper form by postal mail.

1. EFT SERVICES — If approved, you may conduct any one (1) or more of the EFT services offered by the Credit Union.

a. MasterCard Debit Card. If approved, you may use your card to purchase goods and services from participating merchants. However, you may not use your card to initiate any type of electronic gambling transactions through the Internet. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Funds to cover your card purchases will be deducted from your checking account. For one-time debit card transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without

your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.

For other types of transactions, if the balance in your account is not sufficient to pay the transaction amount, the Credit Union may pay the amount and treat the transaction as a request to transfer funds from other deposit accounts, approved overdraft protection accounts, or loan accounts that you have established with the Credit Union. If you initiate a transaction that overdraws your account, you agree to make immediate payment of any overdrafts together with any service charges to the Credit Union. In the event of repeated overdrafts, the Credit Union may terminate all services under this Agreement. You may use your card and personal identification number (PIN) in ATMs of the Credit Union, networks, and such other machines or facilities as the Credit Union may designate.

At the present time, you may also use your card to:

- Make deposits to your checking accounts.

- Withdraw funds from your savings and checking accounts.

- Transfer funds from your checking accounts.

- Obtain balance information for your checking accounts.

- Make loan payments from your checking accounts.

- Access your Line of Credit accounts.

- Make point-of-sale (POS) transactions with your card and personal identification number (PIN) to  

  purchase goods or services at merchants that accept MasterCard.

- Order goods or services by mail or telephone from places that accept MasterCard.

The following limitations on MasterCard Debit Card transactions may apply:

- You may withdraw up to a maximum of $505 in any one (1) day from an ATM machine, if there are 

   sufficient funds in your account.  The offline maximum is$205.

- You may purchase up to a maximum of $500 from POS terminals per day, if there are sufficient

   funds in your account.  The offline maximum is $200.

- You may transfer up to the available balance in your accounts at the time of the transfer.

- See Section 2 for transfer limitations that may apply to these transactions.

b. TeleBanking. If we approve Phone Banking for your accounts, a separate personal identification number (PIN) will be assigned to you. You must use your personal identification number (PIN) along with your account number to access your accounts. At the present time, you may use Phone Banking to:

- Withdraw funds from your savings, checking, and money market accounts.

- Transfer funds from your savings, checking, and money market accounts.

- Obtain balance information for your savings, checking, loan, money market, club, and certificate

  accounts.

- Make loan payments from your savings, checking, and money market accounts.

- Determine if a particular item has cleared.

- Verify the last date and amount of your payroll deposit.

Your accounts can be accessed under Phone Banking via a touch-tone telephone only. Phone Banking service will be available for your convenience 24 hours per day. This service may be interrupted for a short time each day for data processing.

The following limitations on Phone Banking transactions may apply:

- There is no limit to the number of inquiries, transfers, or withdrawal requests you may make in any one  

  (1) day.

- See Section 2 for transfer limitations that may apply to these transactions.

The Credit Union reserves the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. All checks are payable to you as a primary member and will be mailed to your address of record. The Credit Union may set other limits on the amount of any transaction, and you will be notified of those limits. The Credit Union may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction and there may be limits on the duration of each telephone call.

c. Preauthorized EFTs.

- Direct Deposit. Upon instruction of (i) your employer, (ii) the Treasury Department or (iii) other financial

  institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments,   

  such as Social Security, to your savings or checking account.

- Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings

  and checking account.

- See Section 2 for transfer limitations that may apply to these transactions.

- Stop Payment Rights. If you have arranged in advance to make electronic fund transfers out of your

  account(s) for money you owe others, you may stop payment on preauthorized transfers from your   

  account. You must notify us in writing at any time up to three (3) business days before the scheduled

  date of the transfer. A stop payment request may apply to a single transfer, multiple transfers, or all

  future transfers as directed by you, and will remain in effect, unless you withdraw your request or all   

  transfers subject to the request have been returned.

- Notice of Varying Amounts. If these regular payments may vary in amount, the person you are going

  to pay is required to tell you, ten (10) days before each payment, when it will be made and how much it

  will be. You may choose instead to get this notice only when the payment would differ by more than a

  certain amount from the previous payment or when the amount would fall outside certain limits that you  

  set.

- Liability for Failure to Stop Payment of Preauthorized Transfers. If you order us to stop payment of

  a preauthorized transfer three (3) business days or more before the transfer is scheduled and we do not

  do so, we will be liable for your losses or damages.

e. Electronic Check Conversion/Electronic Returned Check Fees. If you pay for purchases or bills with a check or draft, you may authorize your check or draft to be converted to an electronic fund transfer. You may also authorize merchants or other payees to electronically debit your account for returned check fees. You are considered to have authorized these electronic fund transfers if you complete the transaction after being told (orally or by a notice posted or sent to you) that the transfer may be processed electronically or if you sign a written authorization.

d. Online Banking. If Online Banking is activated for your account(s), you will be required to use secure login information to access the account(s). At the present time, you may use Online Banking to:

- Withdraw funds from your savings, checking, and money market accounts.

- Transfer funds from your savings, checking, and money market accounts.

- Obtain balance information for your savings, checking, loan, money market, club, and certificate  

  accounts.

- Make loan payments from your savings, checking, and money market accounts.

- Determine if a particular item has cleared.

- Verify the last date and amount of your payroll deposit.

- Make bill payments to preauthorized creditors.

Your accounts can be accessed under Online Banking via personal computer. Online Banking will be available for your convenience 24 hours per day. This service may be interrupted for a short time each day for data processing. We reserve the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise

require us to increase our required reserve on the account. All checks are payable to you as a primary member and will be mailed to your address of record. We may set other limits on the amount of any transaction, and you will be notified of those limits. We may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction and there may be limits on the duration of each access.

The following limitations on Online Banking transactions may apply:

- There is no limit to the number of inquiries, transfers, or withdrawal requests you may make in any one  

  (1) day.

- See Section 2 for transfer limitations that may apply to these transactions.

e. Mobile Banking. If Mobile Banking is activated for your account(s), you will be required to use secure

    login information to access the account(s). At the present time, you may use Mobile Banking to:

- Transfer funds from your savings, checking, and Line of Credit accounts.

- Obtain balance information for your savings, checking, loan, money market, club, and certificate

  accounts.

- Make loan payments from your savings and checking accounts.

- Determine if a particular item has cleared.

- Verify the last date and amount of your payroll deposit.

- Make bill payments to preauthorized creditors.

Your accounts can be accessed under Mobile Banking via mobile device or other approved access device(s). Mobile Banking will be available for your convenience 24 hours per day. This service may be interrupted for a short time each day for data processing. We reserve the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. We may set other limits on the amount of any transaction, and you will be notified of those limits. We may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction and there may be limits on the duration of each access.

The following limitations on Mobile Banking transactions may apply:

- There is no limit to the number of inquiries, transfers, or withdrawal requests you may make in any one

  (1) day.