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SPECIAL NOTICE
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Following is an excerpt from
our Membership Booklet. Federal Regulation D covers the following
for Transfer Limitations. Members need to be aware of the number of
transactions that qualify for Regulation D. Our data processing
system is set up to list the transactions which exceed the monthly
limit under Reg D as return items. Please be careful when
transferring from savings to checking by automated means. These are
limits that apply to every financial institution in West Virginia.
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"For all share
accounts, no more than six (6) preauthorized, automatic, or
telephone transfers and withdrawals may be made from these
accounts to another account of yours or to a third party in
any month, and no more than three (3) of these six (6) may
be made by check, draft, or access card to a third party.
If you exceed these limitations, your account may be subject
to a fee or be closed."
In an attempt to address
the rising cyber crime threat, the FTC (Federal Trade Commission
) on January 10, 2006 unveiled an online tool designed to help
consumers avoid becoming victims of Internet scams. Five federal
agencies and 13 private organizations partnered to sponsor the
OnGuard Online
website
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