Review, Sign and Date for New/Updated Transfers
This agreement is to remain in full effect until North Iowa Community Credit Union has received written notification from all initial signers of its termination in such time and manner as to afford NICCU and other FINANCIAL INSTITUTION a reasonable opportunity to act on it. A new form can be used to cancel Payment Transfer Authorization at time of termination.
When you apply electronic signature with North Iowa Community Credit Union you are bound with the same force and effect as if you had signed on paper. By signing below, I authorize automatic payment transfer and understand it is my responsibility to maintain a balance in my NICCU account to enable the transfer to be made on the specified date. The transfers will continue until I notify NICCU in writing to cancel or update the transfer or if NICCU notifies me the transfer will be discontinued. NICCU must receive the written request for cancellation seven (7) business days prior to the transfer. Payments will stop automatically when loan is paid in full. If remaining balance of loan is less than the payment amount, the loan will be paid and any additional funds will be placed in your membership savings account. NICCU reserves the right to charge a fee if payment is returned for any reason.