Legal
Share Insurance
Compliance Notices
Safe and Secure
We understand you may have concerns about your financial assets. But rest assured, Alliance Credit Union has been a trusted and stable financial institution for over 55 years. Your deposits are insured by the NCUA. We invite you to take a look at the resources below to get a better understanding of share insurance and the benefits of banking with credit unions.

Easy to understand information

How your accounts are federally insured.
This brochure offers information about the NCUA and share insurance.

Additional Resources

NCUA: Electronic Share Insurance Calculator
NCUA: Easy-to-use Share Insurance guide
Compliance Notices

Notice of Changes in Temporary NCUA Insurance Coverage for Transaction Accounts

Beginning on January 1, 2013, NCUA will no longer insure noninterest –bearing transaction accounts in excess of the standard $250,000 share insurance amount.

The Dodd-Frank Act included a temporary provision for unlimited federal share insurance on all amounts held in noninterest bearing transaction accounts (such as share draft accounts) in federally insured credit unions.

Federally insured credit union members will continue to have unlimited coverage on noninterest bearing transaction accounts until the end of 2012. This unlimited coverage is separate from, and in addition to, the coverage provided members on all other accounts held at the same federally insured credit union. For more information on Temporary NCUA insurance coverage of transactions accounts, visit www.ncua.gov.



Effective October 1, 2012 – Changes to ATM/debit card fees

Effective October 1, 2012, the following applies to out-of-network ATM usage:
One (1) out-of-network ATM transaction per month = no charge*
Two (2) or more out-of-network ATM transactions per month = $2 each*
Point-of-sale = varies (imposed by merchant at time of sale)

The Alliance ATM network of over 60,000 surcharge-free ATMs includes the CO-OP Network®, Allpoint Network® and MoneyPass® ATMs. Click here to learn more.

Please contact us at 800.232.8669 with any questions.

*Additional charges may be assessed by out-of-network ATM providers.



Notice of Change in Funds Availability Policy

As of July 21, 2011 the first $200 (not $100) of the aggregate of any deposits via “other” checks will be available on the first business day after the day of deposit.

“Other” checks are checks other than those issued by the federal, state, or local government and payable to the member, or checks drawn on the credit union. As of March 2010 all checks are centrally processed by the Federal Reserve. There is no longer a distinction between local and nonlocal checks, which are now grouped under the “other” checks.


Notice of Changes in Temporary NCUA Insurance Coverage for Transaction Accounts

6.24.2011

All funds in a ‘‘noninterest-bearing transaction account’’ are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules. The term ‘‘noninterest-bearing transaction account’’ includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (‘‘NOW’’) account, money market deposit account, and Interest on Lawyers Trust Account (‘‘IOLTA’’), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.


Effective August 1, 2011 – Changes to ATM/debit card fees

Effective August 1, 2011, the following applies to out-of-network ATM usage:
  • One (1) out-of-network ATM transaction per month = no charge*
  • Two (2) or more out-of-network ATM transactions per month = $2 each*
  • Point-of-sale = varies (imposed by merchant at time of sale)
Alliance’s network of surcharge-free ATMs include all CO-OP Network®, US Bank® and 7-Eleven® stores ATMs. Click here to learn more about the CO-OP Network.

Also effective August 1, 2011, the following changes apply to foreign/international MasterMoney® ATM/debit transactions:
  • Transactions made outside the United States = 1% of transaction amount
  • Transactions made in foreign currencies = 1% of transaction amount
For more information about your MasterMoney ATM/debit card, please click here.

Please contact us at 800.232.8669 with any questions.

*Additional charges may be assessed by out-of-network ATM providers.


Unlawful Internet Gambling Enforcement Act

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG, this notification is to inform you that unlawful Internet gambling transactions are prohibited from being processed through your account or relationship with our institution and are restricted. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling.

Under UIGEA, the term “unlawful internet gambling” means “to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made.”

In other words, UIGEA relies on State and Federal law to determine what’s illegal under the statute. Online state lotteries, horse racing and fantasy football are not considered illegal under the statute.

For more information, please call at 800.232.8669 or use the online Contact Us form.



Effective June 1, 2010: The $250,000 in additional share insurance from American Share Insurance (ASI) will no longer be available.
4.15.2010

Your savings at Alliance Credit Union continue to be federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), and if you have deposits exceeding $250,000 you may be able to restructure your accounts to expand your federal insurance coverage.

IRA and joint accounts are insured up to $250,000 separately from your other accounts.

If you have any questions or concerns about this change in share insurance or want assistance reviewing your accounts, please call us at 800.232.8669 or click here to download an easy-to-understand guide.



IMPORTANT CHANGE IN TERMS NOTICE: Federal Reserve – Reg CC Change in Funds Availability
2.27.2010

Due to restructure of the Federal Reserve’s check processing operations, effective February 27, 2010, all checks are considered local checks for determining availability of funds. No checks are considered non-local at that time. Please refer to the local checks sections of the Funds Availability Policy in your Handbook. All checks [except cashiers or tellers checks, or checks drawn on the U.S. or State Government] are now generally available on the second business day after the day of deposit, unless we have reason to be concerned about payment, in which case you will be notified and the funds will generally available by the seventh business day after the day of deposit.

Please call us at 800.232.8669 for more information or click here to view the entire Funds Availability Policy.
©2010 Alliance Credit
Union, All Rights Reserved
Your savings federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency