Terms
& Conditions
Illegal
Use of Financial Service
Financial services provided by the credit union may only be used for transactions permitted by law. The use of any financial service provided by the credit union for an illegal transaction or an illegal purpose is strictly prohibited. If you use a financial service for an illegal transaction or an illegal purpose then 1.) you will be in default under the particular terms of the agreement establishing the financial service, notwithstanding any terms in that agreement to the contrary; 2.) at the discretion of the board of directors and at any time thereafter, pursuant to Section 370.340.2 RSMo, as amended from time to time, your membership privileges may be suspended or terminated and/or you may be expelled from membership in the credit union; and 3.) you waive your right to bring any legal action against the credit union that arises out of or relates to such illegal use or any activity directly or indirectly related to such use. You hereby agree to indemnify and hold the credit union harmless from any suits or other legal actions, or any other liability, directly or indirectly resulting from such illegal use, including, where permitted by law, court costs and reasonable attorney's fees.
Membership Termination
In accordance with the First Financial Credit Union By Laws section 4. 4 and the Loan Policy the following are reasons of termination from the credit union.
- Members who fail to maintain at least one general share or membership share in the credit union thereby terminate their membership.
- The credit union may exercise it's right to terminate membership if any member causes a financial loss to the credit union.
Pursuant to Missouri Revise Section 370.340 - the Board of Directors may expel a member pursuant to a written policy adopted by it. Any person expelled by the board shall have the right to request a hearing before the board to reconsider the expulsion.