MERHO HOME BANKING

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Important Notice. Please Read
Effective July 21, 2011
FUNDS AVAILABILITY POLICY
Our general policy is to allow you to withdraw funds deposited in your "transaction account *" on the first business day after the day we receive your deposit. The first $200.00 of your deposit will be immediately available.

Depending on the type of check that you deposit, funds may not be available until the 2nd business day after the day of your deposit. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

· We believe the check you deposit will not be paid.
· You deposit checks totaling more than $5,000 on any one day.
· You redeposit a check that has been returned unpaid.
· You have overdrawn your account repeatedly in the last 6 months.
· There is an emergency, such as failure of computer or communications equipment.
· The account is opened on the same day as the deposit is received.

We will notify you if we delay your ability to withdraw funds for any of the above reasons. They will generally be available no later than the 5th business day after the day of your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit.
* “transaction account” = checking/share draft account.

OUR MISSION

The philosoply of MERHO Federal Credit Union is "People Helping People." This financial cooperative exists to provide loan, deposit and member-oriented services to its' defined membership with a high level of quality and efficiency.

OUR OBJECTIVES ARE TO:

Promote thrift among its' members by offering to them a means of making safe and regular investments
To enable members to obtain loans at a reasonable rate of interest for worthwhile purposes

MERHO Federal Credit Union was chartered on March 2, 1972. The credit union is a corporation supervised by the National Credit Union Administration.

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Share Insurance

Due to recent events in the headlines (bank failures, insurance company mergers
and an uncertain stock market) we have been receiving many phone calls
concerning insurance on member accounts. MERHO Federal Credit Union is
insured by the National Credit Union Administration (NCUA) Please visit their
website for actual account insurance information.

www.ncua.gov

Due to the President’s signing of the Emergency Economic Stabilization Act,
HR 1424, deposit insurance coverage has been increased to $250,000.
This coverage will remain in effect from October 3, 2008 until December 31, 2013.

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