This agreement governs your Home Financial Services (HFS) transactions, which we call "CU Online."  Each person who requests or uses service will be bound by all of these provisions

WHAT THE WORDS MEAN
In this Agreement, the words "you" and "your" refer to each person who requests or uses CU Online service. The words "we," "us" and "our" refer to Houghton Mifflin Employees Federal Credit Union.

OUR WEB BANKING PROGRAM
If you have requested and received our CU Online service, you can make certain transfers and request certain information via your personal computer (PC) and the Internet 24 hours a day, 7 days a week. You may use CU Online only in connection with those deposit accounts and loan accounts with us for which you requested and have been granted this service.

TYPES OF TRANSACTIONS
You may use our CU Online service to make the following types of transactions
1.         Transfer funds between accounts
2.         Transfer funds from a share draft or savings account to make a payment on an in-house loan you have from us.  (NOTE:  Credit card payments may not be made here.)
3.         Verify your deposit or loan account balances, loan payment amounts, loan payment due dates and transaction history
4.         Verify your deposit or loan account balances, loan payment amounts, loan payment due dates and transaction history
5.         Verify the amount and date of the most recent payroll deduction or direct deposit posted to your deposit and loan account
6.         Obtain information about drafts that have cleared your share draft account during the current statement period
7.         Obtain tax information, including total interest paid on each of your loan accounts and total dividends received on each of your deposit accounts during the current calendar year
8.         Reorder drafts
9.         Obtain additional services we may offer from time to time

What's New?

PERSONAL IDENTIFICATION NUMBERS
You must obtain a Personal Identification Number ("PIN") to use the CU Online service. Your PIN is confidential, and you agree not to reveal it to anyone else. You also agree that we may rely on the authority of anyone who provides your PIN at the time of making a CU Online transaction.  You agree to tell us immediately if someone else learns your PIN.

HOW TO USE CU Online
Each time you ask to transfer funds or obtain information, you must provide:
·          Your PIN
·          The number of your deposit or loan account about which you want information or from which you want funds transferred or advanced
For a transfer, the number of the deposit or loan account to which you want funds transferred.
We are not obligated to make CU Online transaction unless you provide the above information, but if we do so, you agree to be bound by such a transfer.
CU Online transactions processed after 11:00 A.M. on any business day will be posted on the following business day.  Transactions processed any time on Saturday, Sunday or a Credit Union holiday will be posted at 11:00 A.M. the next business day and will be effective on the date of posting.

LIMITS ON CU ONLINE
There is no limit on the number or amount of the CU Online transactions you my make, although we reserve the right to limit CU Online transactions to ensure the security of any or all of our accounts. We do not have any obligation to make a CU Online transfer from your deposit account if your account has insufficient available funds. If we inadvertently do so, you agree to pay us the amount in excess of your credit limit, or for which there were insufficient available funds, immediately and without demand from us.

TELEPHONE CHARGES
You are responsible for any telephone charges that you incur when using CU Online.

OUR LIABILITY FOR ERRONEOUS TRANSACTIONS
If you give an account number you did not intend to give in requesting a CU Online transaction, you are bound.  We may, but are not obligated to, reverse any transaction you notify us was made in error, and we are not liable for any damages to you arising out of the transaction. You are also bound if someone to whom you give authority performs any erroneous transactions.

LIABILITY REGARDING SOFTWARE AND HARDWARE
Except as specifically provided in this Agreement or where the law requires a different standard, you agree that neither we nor any service provider shall be responsible for any loss, property damage, or bodily injury, caused by the equipment, software, or Internet browsers (such as Netscape Navigator or Microsoft Explorer), or by Houghton Mifflin Employees Federal Credit Union or any internet access provider or online service provider, or by any agent or sub-contractor of any of the foregoing.  In addition, neither the Credit Union nor any service provider shall be responsible for any direct, indirect, special, consequential, or other damages arising in any way out of the installation, use, or maintenance of the equipment, software, or Internet browser.

STATEMENTS
You will continue to receive a monthly statement for all draft accounts and quarterly statement for all share accounts you access through the CU Online service even if there has been no activity in the account.

OTHER PROVISIONS
Use of CU Online to initiate electronic fund transfers is also governed by all of the provisions in the "Membership and Account Agreement" and "Electronic Funds Transfer (EFT) and Funds Availability Disclosures."