Online Membership Opening Terms

The Terms of Use Agreement is between you, the Depositor, and Aldergrove Credit Union (“ACU”). This agreement, as well as the Personal Contract (Member and Account) Terms and Conditions, governs your use of the online membership application tool. By proceeding with the online membership application process, you agree to the following:

Your obligation to provide accurate and current information to ACU is required by law to verify your identity when you become a member. You agree to provide accurate and current information and that you will not misrepresent your identity.  ACU’s ability to verify your identity depends on the information you provide and failure to provide current and accurate information may result in ACU being unable to accept your application.

Use of your personal information

When you apply online to become a member, ACU uses a third party service provider to assist with collecting your information and verifying your identity (the “Account Opener”). The information that you provide in the course of filling out your application will be collected and processed by the Account Opener. The Account Opener may, in turn, request information about you from credit reporting agencies, other financial institutions and other third parties.  

The information you provide during the online membership application process may be stored and processed outside of Canada, including but not limited to the United States.  Accordingly, the personal information you provide during the online membership application process may be collected, used, disclosed, stored and processed outside of Canada for the purposes described in ACU’s Privacy Policy.  Accordingly, the personal information you subject to valid information requests made by foreign government agencies, including lawful requirements to disclose personal information to government or national security authorities in certain circumstances.

If you are not comfortable with your personal information being shared with our Account Opener or being processed or stored outside of Canada, please make an appointment to open an account in person at an Aldergrove Credit Union Branch.

You are required to provide your Social Insurance Number (“SIN”) as part of the application process to enable ACU and the Account Opener to verify your identity. ACU also requires your SIN to report interest payments to Revenue Canada in accordance with the Income Tax Act. ACU’s use of your SIN for other purposes, and your ability to opt out of that use, is set out in ACU’s Privacy Policy.

Set up of pre-authorized payments

During the online membership application process, you may choose to set up pre-authorized payments for recurring bills you receive from merchants, such as monthly phone, cable television or utility bills. If you choose to use this functionality, those bills will be automatically paid out of your account with us each month when they arrive. ACU uses a third party service provider to provide this functionality. By choosing to use this functionality, you authorize ACU and its third party service provider to contact the merchants involved and to update your billing information with them on your behalf.

Use of cheque imaging functionality

As part of the online membership application process, you will be required to make an initial deposit to your new account, along with an additional $5.00 deposit to your memberSHARE® account. You may do so in a number of ways, including by taking a photograph of a cheque drawn on your account with another financial institution. If you choose to make your deposit in this way, the terms contained in the Remote Deposits section of the Direct Services Agreement – Personal Accounts will apply.

Signature and signature card

Information generated throughout the course of the application process, including your account number and Personal Access Code, will be recorded by ACU and will constitute your signature and signature card for the purposes of opening a membership.

Use of email address

ACU will use email to correspond with you and with any joint applicants throughout the application process. You are responsible for ensuring you check your email regularly to ensure you receive notices from ACU in a timely manner, and for ensuring that any other applicants you will hold accounts with jointly do the same. Unless otherwise agreed upon between you and ACU, ACU may also use your email address to provide you with notices required by law, such as account statements.

Liability

ACU and the Account Opener are not responsible for any losses you may sustain arising from a failure of ACU to approve a membership within a given period of time or at all.

General

The application process will be conducted entirely online. The terms that you agree to in the course of the application process, including the Terms of Use Agreement, the Personal Contract (Member and Account) Terms and Conditions, and the Privacy Policy, will be legally binding on you and on ACU, just as they would be if you were to fill out and sign a paper application. These terms will be legally binding as of the time that you indicate that you agree to them and no exchange of signed paper copies is required for them to be enforceable.
This agreement is governed by the laws of the Province of British Columbia and the federal laws of Canada applicable in British Columbia, irrespective of where you live or where and when you are located when you apply for membership.




 

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