Terms of Service

This web page represents a legal document that serves as our Terms of Service and it governs the legal terms of our website, www.spiritfinancialcu.org, sub-domains, and any associated web-based and mobile applications (collectively, “Website”), as owned and operated by Spirit Financial Credit Union.

Capitalized terms, unless otherwise defined, have the meaning specified within the Definitions section below. This Terms of Service, along with our Privacy Policy, any mobile license agreement, and other posted guidelines within our Website, collectively “Legal Terms”, constitute the entire and only agreement between you and Spirit Financial Credit Union, and supersede all other agreements, representations, warranties and understandings with respect to our Website and the subject matter contained herein. We may amend our Legal Terms at any time without specific notice to you. The latest copies of our Legal Terms will be posted on our Website, and you should review all Legal Terms prior to using our Website. After any revisions to our Legal Terms are posted, you agree to be bound to any such changes to them. Therefore, it is important for you to periodically review our Legal Terms to make sure you still agree to them.

By using our Website, you agree to fully comply with and be bound by our Legal Terms. Please review them carefully. If you do not accept our Legal Terms, do not access and use our Website. If you have already accessed our Website and do not accept our Legal Terms, you should immediately discontinue use of our Website.

The last update to our Terms of Service was posted on June 19, 2018.

The terms “us” or “we” or “our” refers to Spirit Financial Credit Union, the owner of the Website.

A “Visitor” is someone who merely browses our Website, but has not registered as Member.

A “Member” is an individual that has registered with us to use our Service.

Our “Service” represents the collective functionality and features as offered through our Website to our Members.

A “User” is a collective identifier that refers to either a Visitor or a Member.

All text, information, graphics, audio, video, and data offered through our Website are collectively known as our “Content”.

Legal Compliance
You agree to comply with all applicable domestic and international laws, statutes, ordinances, and regulations regarding your use of our Website. Spirit Financial Credit Union reserves the right to investigate complaints or reported violations of our Legal Terms and to take any action we deem appropriate, including but not limited to canceling your Member account, reporting any suspected unlawful activity to law enforcement officials, regulators, or other third parties and disclosing any information necessary or appropriate to such persons or entities relating to your profile, email addresses, usage history, posted materials, IP addresses and traffic information, as allowed under our Privacy Policy.

Intellectual Property
Our Website may contain our service marks or trademarks as well as those of our affiliates or other companies, in the form of words, graphics, and logos. Your use of our Website does not constitute any right or license for you to use such service marks/trademarks, without the prior written permission of the corresponding service mark/trademark owner. Our Website is also protected under international copyright laws. The copying, redistribution, use or publication by you of any portion of our Website is strictly prohibited. Your use of our Website does not grant you ownership rights of any kind in our Website.

Links to Other Websites
Our Website may contain links to third party websites. These links are provided solely as a convenience to you. By linking to these websites, we do not create or have an affiliation with, or sponsor such third party websites. The inclusion of links within our Website does not constitute any endorsement, guarantee, warranty, or recommendation of such third party websites. Spirit Financial Credit Union has no control over the legal documents and privacy practices of third party websites; as such, you access any such third party websites at your own risk.

General Terms
Our Legal Terms shall be treated as though it were executed and performed in PA, USA, and shall be governed by and construed in accordance with the laws of PA, USA, without regard to conflict of law principles. In addition, you agree to submit to the personal jurisdiction and venue of such courts. Any cause of action by you with respect to our Website, must be instituted within one (1) year after the cause of action arose or be forever waived and barred. Should any part of our Legal Terms be held invalid or unenforceable, that portion shall be construed consistent with applicable law and the remaining portions shall remain in full force and effect. To the extent that any Content in our Website conflicts or is inconsistent with our Legal Terms, our Legal Terms shall take precedence. Our failure to enforce any provision of our Legal Terms shall not be deemed a waiver of such provision nor of the right to enforce such provision. The rights of Spirit Financial Credit Union under our Legal Terms shall survive the termination of our Legal Terms.

Fee Schedule

Effective September 1, 2019

Service FEE
Account History Printout $1.00
Account Reconciliation (By Appointment) $15.00 /Hr
Address Correction Fee / Return Mail $3.00
Automatic O/D Fee (after 6 per mo - Regulation D) $5.00
Bill Pay Free
Checks for Members Varies
Certified Credit Union Check Fee $5.00
Credit Union Checks Payable to a Third Party $3.00
Card Replacement Fee $5.00
Copy Service Fees: Check Copy $6.00
Statement Copy $10.00
Domestic Relation Hold $10.00
Dormant Account Fee (24 months of inactivity) $5.00 /Mo.
Escheat Fee (Dormant Acct reported to State) $75.00
Express Mail Delivery Fee / Domestic $25.00
Foreign Item Collection Fee $35.00
Home Banking Free
IRA Transfer Out Fee $25.00
IRS/State Levy Fee & Interrogatories $30.00
Minimum Primary Share Balance Fee: If below Par Value of $5.00
$2.50 /Mo.
Money Order Fee $2.00
Notary Services (Limited) Free
On Us Check Cashing for non-members $5.00
Overdraft Fees (Checks & ACH's)
NSF or Uncollected Funds
Courtesy Pay Privilege (CPP) $31.00
Overdraft Protection from another acct $5.00
Re-open Account Fee within 90 days $25.00
Return Item Fees:
If drawn on member’s own account $20.00
If drawn on non-member account $10.00
Stop Payment Fees: $25.00
Money Order Issued by Fairless CU $2.00
All other Stop Payment Fees $25.00
Subordination Fee (mortgage) $100.00
Teller Line Usage Free
Unauthorized Return Fee $29.00
VISA Credit Card: Late Fee $20.00
VISA Credit Card: Rush Fee $25.00
VISA Credit Card: Return Payment $25.00
VISA Gift Card $2.50
Western Union Fee $35.00
Wire Fees:
Wire-Out Fee / Domestic $25.00
Wire-Out Fee / Foreign $40.00
Safe Deposit Boxes:
3x5 annual rental $30.00
5x5 annual rental $40.00
3x10 annual rental $50.00
10x10 annual rental $130.00
Key replacement $25.00
Break open box (per occurrence) $150.00
Inventory of items (per hour) $35.00
Coin Counting Machine* Free

*Up to $5,000 per year, per member. All funds over $5,000 in a calendar year will be assessed a 10% fee

Transfers and Regulation D

Spirit Financial Credit Union strictly enforces compliance with Federal Reserve Regulation D concerning transfers from your savings account.

Regulation D allows you to make six (6) transfers from any share savings account per calendar month per suffix. Share accounts include Regular Shares and Club Accounts. The six (6) transfers include telephone transfers (Teller Line or Member Service Representative), Internet, automatic overdraft transfers and ACH debits (ie: mortgage payment, insurance payment, utility bill etc.).

When you have reached your limit, no more telephone, online, overdraft or ACH transfers will be allowed for that calendar month. You may want to consider having your ACH debits deducted directly from your share draft/checking account. The share draft account is not affected by Regulation D and may have an unlimited amount of transactions. Please plan your transactions accordingly.

Equal Housing Lender Notice

Deny a loan for the purpose of purchasing construction, improving, repairing or maintaining a dwelling, or deny any loan secured by a dwelling; or
Discriminate in fixing the amount, interest rate, duration, application procedures or other terms or conditions of such a loan, or in appraising property.

Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing & Urban Development
Washington, DC 20410

For processing under the Federal Fair Housing Act, send to:
National Credit Union Administration
Office of Examination and Insurance
1775 Duke St., Alexandria, VA 22314-3428

On the basis of race, color, national origin, religion, sex, marital status, or age,
Because income is from public assistance, or
Because a right was exercised under the Consumer Credit Protection Act.
National Credit Union Administration
Office of Examination and Insurance
1775 Duke Street, Alexandria, VA 22314-3428

NCUA National Credit Union Administration

NCUA Overview

Established in 1970, the National Credit Union Administration (NCUA) is the independent federal agency that regulates, charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF) to insure the deposits of more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. NCUA receives no appropriations for its operations and is funded by credit union fees.

Additional responsibilities of NCUA include operating the Central Liquidity Facility, the Community Development Revolving Loan Fund, and the Temporary Corporate Credit Union Stabilization Fund. NCUA further works to protect consumers and conduct industry outreach. Finally, the NCUA Chairman has one of ten voting seats on the Financial Stability Oversight Council, a body created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to monitor and ensure the stability of the U.S. financial system.

NCUA Leadership and Structure

NCUA is governed by a three member Board appointed by the President and confirmed by the Senate. The present members of the NCUA Board, who serve staggered six-year terms, include:

  • Board Chairman Deborah Matz. Board Chairman Matz was sworn into office August 24, 2009.

  • Board Member Michael E. Fryzel. Board Member Fryzel was confirmed by the Senate to serve on the NCUA Board July 29, 2008.

For more information about the latest activities of the NCUA Board, please visit the NCUA Board and Actions webpage.

Headquartered in Alexandria, Va., NCUA has five regional offices. NCUA’s day-to-day operations are overseen by an Office of the Executive Director.

Credit Union Industry Background and History

A credit union is a member-owned, not-for-profit, cooperative financial institution.

Federal credit unions are chartered by NCUA, and member accounts at federal credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF). NCUA also insures deposits at the vast majority of state-chartered credit unions across the country through the NCUSIF. State-chartered credit unions are chartered and regulated under state law.

For more information about the credit union industry, see Industry at a Glance or NCUA’s History of Credit Unions.

National Credit Union Share Insurance Fund

NCUA operates the National Credit Union Share Insurance Fund (NCUSIF), which insures the deposits of credit union members and functions like the FDIC’s Deposit Insurance Fund for banks.

  • The NCUSIF insures individual accounts up to $250,000 and joint accounts up to $250,000 per member.

  • The NCUSIF separately protects IRA and KEOGH retirement accounts up to $250,000.

  • The NCUSIF is funded by credit unions and has never received taxpayer dollars.

  • NCUSIF, like FDIC’s insurance fund, is backed by the full faith and credit of the U.S. Government.

For the latest updates on the performance of the NCUSIF, visit the Preliminary/Unaudited Statements section in NCUSIF Reports and Statements. Additionally, the Share Insurance Estimator allows individuals to estimate their coverage from the NCUSIF.

Consumer Protection

NCUA gives special emphasis to protecting consumers through sound regulation and promoting the importance of thrift, wise use of financial resources, and full disclosure of consumer banking products. NCUA’s efforts ensure consumers are well equipped to navigate an increasingly complex financial landscape. NCUA hosts a consumer oriented website, www.MyCreditUnion.gov and the consumer assistance toll-free hotline at 1-800-755-1030.

Central Liquidity Facility

The Central Liquidity Facility (CLF) is a government corporation managed by NCUA and owned by member credit unions. Created by Congress, the CLF serves as a back-up lender meeting member liquidity needs when funds are unavailable from a standard credit source. The CLF contributes to the financial stability of the credit union industry during periods of economic volatility.

By statute, CLF is authorized to borrow up to 12 times its subscribed capital stock and retained earnings. The current statutory limit for CLF lending is approximately $50 billion.

Community Development Revolving Loan Fund

The Community Development Revolving Loan Fund (CDRLF) was established by an act of Congress through a $6 million appropriation to enable low-income credit unions to:

  • Provide financial services to their communities;

  • Stimulate economic activities in their communities, resulting in increased income, ownership, and employment; and

  • Operate more efficiently.

The CDRLF underwrites loans and provides technical assistance grants to low-income credit unions. Since the initial loan program appropriation in 1979, Congress has appropriated an additional $7.4 million for the CDRLF’s loan program and approximately $13.4 million for the technical assistance grant program.

Temporary Corporate Credit Union Stabilization Fund

In 2009, Congress amended the Federal Credit Union Act to create a Temporary Corporate Credit Union Stabilization Fund administered by the NCUA Board. This Stabilization Fund pays expenses associated with the problems stemming from the corporate credit union crisis, which resulted from the purchase of faulty mortgage – backed securities in the run up to the 2008 financial crisis. The Stabilization Fund spreads the costs from that crisis to insured credit unions over multiple years.

NCUA Outreach

NCUA recognizes the importance of fostering an active communication culture as a vital part to achieving transparency, accountability and interactivity throughout the credit union industry. As such, the NCUA continues to identify new and innovative ways to communicate and collaborate with the credit union industry through evolving communication avenues.

Through its Resource Connection initiative—which consists of the Credit Union Connection, the Partnership Connection, and the Training Connection—NCUA works to provide credit unions with the tools needed to improve performance. NCUA also hosts free events for credit unions across the nation.

Additionally, the agency recognizes the evolving role that technology plays in the 21st century and its impact in the industry. The NCUA has successfully leveraged these tools with the launch of the NCUA YouTube® channel, Facebook® and Twitter® pages, as well as two new online electronic notifications systems, NCUA Express and NCUA Dispatch.

Expedited Funds Availability Act (Regulation CC)

The Federal Reserve Board has finalized efforts to consolidate check processing sites due to the significant decline in the volume of paper check processing. As a result, funds from certain check deposits will be subject to a faster availability schedule.

Effective July 21, 2011, the Spirit Financial Credit Union Funds Availability Policy Disclosure is amended as follows:

RESERVATION OF RGHT TO HOLD—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. Funds may not be available until the SECOND business day after the day of your deposit. However, the first $200.00

of your deposit will 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 mail you the notice by the next business 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.

LONGER DELAYS MAY APPLY – We may delay your ability to withdraw funds deposited by check into your account an additional number of days for any of the following these reasons:

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

  • You deposit checks totaling more than $5,000.00 on any one (1) day.

  • You deposit 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 communications or computer 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.


For your protection, we may require more than one form of identification. We thank you in advance for your cooperation. Our primary goal is requesting identification is to protect your accounts.

  • At least one form of identification must include a photo

Acceptable identification cannot be expired

Home Mortgage Disclosure Act

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda).

Unlawful Internet Gambling and Other Illegal Activities

You agree that you are not engaged in unlawful Internet gambling or any other illegal activity. You agree that your will not use any of your accounts, access devices or services for unlawful Internet gambling or other illegal activities. We may terminate your account relationship if you engage in unlawful Internet gambling or other illegal activities.

Disclosure Regarding Electronic “Wholesale Credit” Transactions Subject to Uniform Commercial Code Article 4A

Provisional Payment Disclosure

Credit given by Spirit Financial Credit Union to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making the payment to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry.

Notice Disclosure

Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, Spirit Financial Credit Union is not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statements we provide to you.

Choice of Law Disclosure

Spirit Financial Credit Union may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses (ACH) and which are not subject to the Electronic Fund Transfer Act (EFT) and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the state of Pennsylvania as provided by the operating rules of the National Automated Clearing House Association (NACHA), which are applicable to ACH transactions involving your account.

Patriot Act 

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account at Spirit Financial Credit Union. When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.
If you presently have an account with us and you open additional accounts, add joint owners to an existing account, or apply for a loan, we must also verify and retain copies of your identification. We ask for your understanding as we work to support these efforts to maintain the security of your funds and our country.