Notices, Terms, and Conditions

Notice to Credit Union Members

If you have a problem with the services provided by this credit union, please contact us at:

Beaumont Community Credit Union
660 S. Martin Luther King Jr. Pkwy.
Beaumont, TX 77703
409-899-1035
www.bmtccu.com

This credit union is incorporated under the laws of the State of Texas and under state law is subject to regulatory oversight by the Texas Credit Union Department. If any dispute is not resolved to your satisfaction, you may also file a complaint against the credit union by contacting the Texas Credit Union Department through one of the means indicated below:

Mail: Texas Credit Union Department
914 East Anderson Lane
Austin, Texas 78752-1699

Phone -- (512) 837-9236

Website: www.cud.tx.gov

Please note that the Department does not have authority to resolve contractual disputes or undocumented factual disputes between a member and this credit union. If your dispute is of this nature, you may want to consult with legal counsel regarding your rights to resolve the situation.

Member Identification Requirements

In accordance with Section 326 of the USA PATRIOT Act signed October 26, 2001, Beaumont Community Credit Union is required to obtain a copy of the documents used in identifying our new account members and in identifying signatory individuals added to an existing or new account. In some cases, identification will be requested for those individuals banking with the Credit Union prior to the effective date of the member identification requirements because original documentation was not obtained with the opening of the account, or the Credit Union is unable to form a reasonable belief that it knows the true identity of the existing member. In all cases, protection of our members' identity and confidentiality is the Credit Union's pledge to you.

Notices, Terms, & Conditions

Upon request, a Beaumont Community Credit Union member is entitled to review or receive a copy of the most recent version of the following credit union documents:

  • Balance Sheet and Income Statement

  • A summary of the most recent Annual Audit

  • Written Board policy regarding access to the articles of incorporation, bylaws, rules, guidelines, board policies, and copies thereof; and

  • Internal Revenue Service Form 990

Funds Availability Policy Disclosure

This Disclosure describes your ability to withdraw funds at Beaumont Community Credit Union. It only applies to the availability of funds in your transaction accounts. The Credit Union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those outlined in this disclosure. Please ask us if you have a question about which accounts are affected by our availability policy.

For purposes of this disclosure, the terms “you” or “your” mean the member, and the terms “our,” “we,” or “us” mean Beaumont Community Credit Union. The term “check” means check or share draft, as applicable.

  1. YOUR ABILITY TO WITHDRAW FUNDS - Our policy is to make funds from your cash and check deposits available to you on the same business day that we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash, and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before close of business on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after the close of business or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Our business hours are available at the Credit Union.

  2. LONGER DELAYS MAY APPLY - In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive your deposit. Depending on the type of check you deposit, funds may not be available until the second business day after the day of your deposit. The first $275.00 of your deposits, however, may be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will send you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

    In addition, funds you deposit may be delayed for a longer period under the following circumstances:

    - We believe a check you deposit will not be paid.

    - You deposit checks totaling more than $6,725.00 on any one (1) day.

    - You redeposit a check that has been returned unpaid.

    - You have overdrawn your account repeatedly in the last six (6) months.

    - There is an emergency, such as failure of computer or communications equipment.

    We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

  3. SPECIAL RULES FOR NEW ACCOUNTS - If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $6,725.00 of a day's total deposits of cashier's, certified, teller's, travelers, and federal, state, and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $6,725.00 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S Treasury check) is not made in person to one of our employees, the first $6,725.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the twentieth business day after the day of your deposit.

  4. HOLDS ON OTHER FUNDS FOR CHECK CASHING - If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

  5. HOLDS ON OTHER FUNDS IN ANOTHER ACCOUNT - If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.