Inspirus: Disclosure & Policy FAQ | Inspirus Credit Union FAQs

Inspirus: Disclosure & Policy FAQ

The following are common questions from our members and the answers that normally fulfill the associated need. If you have additional questions, please feel free to contact us directly via phone at 206-628-4010, toll free at 888-628-4010 or via secured message within your digital banking account.

Loan Contract Terms

You can view and download a copy of the Consumer Loan Agreement via the link directly below:

Consumer Loan Agreement

Visa Credit Card Agreement

You can view and download a copy of the Visa Credit Card Agreements via the link directly below:

Visa Credit Card Agreement

Visa Signature Rewards Credit Card Agreement

Electronic Communication Disclosure and Agreement

You can view and download a copy of the Electronic Communication Consent Agreement via the link directly below:

Electronic Communication Consent Agreement

eStatement Disclosure Agreement

You can view and download a copy of the Online Statement Access Agreement via the link directly below:

Online Statement Access Agreement

About The Inspirus Privacy Policy

The Privacy Policy describes the use of personal information you share with the credit union. It can be accessed by clicking the following link (Inspirus Privacy Policy).

What is the Reg-D Fee and what is Regulation-D?

Federal regulations govern the transactions we can allow members to make from their savings accounts. One regulation (called Regulation D) states that certain withdrawals and/or transfers must not exceed six per month. We do allow withdrawals and transfers beyond the limit, but there is a $10.00 fee for each one beyond the first six transactions in one statement period. Please read further for information on which types of transactions are affected, which are exempt, and a list of ways for you to avoid the fee.

The types of savings withdrawals and/or transfers that must not exceed six per month are:

  • Transfers from savings to checking by phone, Telephone Banking, Digital Banking, e-mail, fax or automatic transfer.
  • Savings to Savings transfers.
  • Withdrawals that use your savings account number to pay a bill or other third party by phone, e-mail, or fax.
  • Pre-authorized withdrawals from savings that use your savings account number to pay a bill or other third party invoice.
  • Transfers from savings to another member's account.

The types of savings withdrawals and/or transfers that are not limited:

  • Any transfer from savings to your credit union loan account.
  • Any withdrawal checks payable directly to you.
  • Any withdrawals or transfers requested in person, requested by mail, or made using an ATM.

Here are some suggestions to help you avoid Regulation D penalties:

  • When transferring money from savings to checking, increase the amount so transfers won't be needed as often.
  • Add Overdraft Protection (a line of credit) to your checking account.
  • Keep more funds in your checking account instead of savings.
  • Transfer funds while you're at the ATM.
  • Change pre-authorized withdrawals so they're taken from checking rather than savings.