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• An agreement that defines membership eligibility and conditions of your share accounts. It also defines many other important banking operations such as how to order a stop payment on share drafts, transaction limitations on your accounts, overdrafts fees, and what happens if your account becomes dormant. The agreement may disclose if the credit union has a security interest if your loan becomes delinquent or your share account becomes negative. The agreement also discloses if the credit union has a cross collateralization clause for your automobile, for example, it can hold the automobile for security for other loans you have with the credit union.

  National Credit Union Administration - Cite This Source - This Definition
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  Cite Definition for Account Agreement

  American Psychological Association (APA)

  Account Agreement. (n.d.). Pocket Cents Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/account-agreement.

  Chicago Manual of Style (CMS)

  Account Agreement. www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/account-agreement (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Account Agreement." Pocket Cents Glossary. National Credit Union Administration. 1 April. 2023 http://www.expertglossary.com/definition/account-agreement.

• Browse Related Terms: Account Agreement, Checking Account (Share Draft Account), Credit card issuer, Credit Union, Credit Union Statement, Dividends, Drawee, Drawee Institution, Financial Performance Report (FPR), Furnisher, Index-linked Share Certificate (SC), Peer Average Ratio, Percentile Rankings, Personal Savings Account, Share Account, Share Certificate, Share Draft Account, Wire transfer

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