Convenience payment terms and conditions.

Please print a copy of these terms and conditions for your records.

Electronic Signatures In Global And National Commerce Act (“E-Sign Act”) Disclosure And Consent

This E-Sign Disclosure applies to and documents your consent to receive disclosures, agreements and notices related or in connection to the processing of your Park Community Credit Union, Inc. (“PCCU”) loan payment with your checking, savings account or your debit card with another financial institution.

Definitions. As used herein, the word “Account” means your share, checking and/or loan account. The words “we,” “us” and “our” mean PCCU. The words “you” and “your” mean you, the individual(s) identified on the Account and any joint owners and authorized users of your Accounts. The term “Communication(s)” is defined below.

Consent to Receive Communications in Electronic Form

By clicking “Submit,” you affirmatively consent to the terms of this E-Sign Disclosure, and hereby authorize PCCU to provide all Communications, to the extent allowed by law, to you electronically and to do business with you electronically in order to process your online loan payment transaction. Communications will no longer be provided or mailed to you in paper form. You understand, agree and acknowledge that accepting this E-Sign Disclosure and its terms constitutes your signature in the same manner as if it was physically signed by you. Your consent will also apply to any other person or entity named on your Account, including all joint owners and authorized users. Your consent under this E-Sign Disclosure will apply initially and on an ongoing basis until your consent is withdrawn as specified herein.

Scope of Consent

Your consent to the terms and conditions of this E-Sign Disclosure, includes but is not limited to, your agreement to receive in electronic form this E-Sign Disclosure, and to the extent allowed by law, any disclosures, agreements, notices, fee schedules and other information related to your request and authorization to make a one-time loan payment, including those required by the Electronic Fund Transfer Act, Regulation E and the NACHA Operating Rules & Guidelines and other applicable federal and state laws and regulations and any changes, additions, updates, amendments or deletions of terms and conditions applicable to your online loan payment (collectively referred to as “Communication(s)”).

Method of Providing Communications in Electronic Form

All Communications we provide to you in electronic form will be provided by the following methods: (1) via e-mail; or (2) by other electronic means.

Updating Your Contact Information and Records

PCCU will use the e-mail address you have provided to us to send you electronic Communications. It is your responsibility to provide us with true, accurate and complete contact and other information and to promptly notify us if your e-mail address changes or is no longer functioning. You understand and agree that any Communications sent to the e-mail address you have in our files is deemed to have been provided to you in the methods described in this E-Sign Disclosure.

Withdrawal of Consent

You may withdraw your consent to receive Communications in electronic form by contacting us at 502.968.3681 or writing us at P.O. Box 99586, Louisville, KY 40269-0586. If you withdraw your consent, PCCU may stop providing you with Communications electronically. Any withdrawal of your consent to receive electronic Communications will be effective only after we have a reasonable period of time to process your withdrawal. PCCU will not impose any fee to process the withdrawal of your consent. PCCU may treat your provision of an invalid e-mail address or the subsequent malfunction of a previously provided valid e-mail address as a withdrawal of your consent to receive Communications in electronic form. No fee will be imposed for the withdrawal of your consent in this manner.

Limitation of Liability

You understand that you have no expectation of privacy if a Communication is transmitted to an e-mail address owned by your employer. You further agree to release PCCU from any liability if any Communications are intercepted or viewed by an unauthorized party.

Paper Selection

You may order a paper copy of any Communications referred to in this E-Sign Disclosure and provided to you electronically by calling PCCU at 502.968.3681 or writing us at P.O. Box 99586, Louisville, KY 40269-0586. If there is a fee associated with your request, it will be based on PCCU’s most current Fee Schedule, which is located at or available at any of our branch locations.

Hardware and Software Requirements

It is your responsibility to maintain the proper equipment and software that will enable you to view, download, print and save all electronic Communications from PCCU for your records. To access and retain electronic Communications, you will need a PC or laptop computer, a printer, access to the Internet and current browser software (i.e. Microsoft Internet Explorer and Mozilla Firefox). You will also need Adobe Acrobat Reader, which you can download for free here. PCCU will notify you of any change to software and/or hardware requirements needed to access the system.

Federal Law

You acknowledge and agree that your consent to receive electronic Communications is being provided in connection with a transaction affecting interstate commerce that is subject to the federal E-Sign Act, and that you and PCCU both intend that the E-Sign Act apply to the fullest extent possible to validate PCCU’s ability to conduct business with you by electronic means.

Online Loan Payment Terms And Conditions

You agree that you are authorized to initiate transfers from the designated account and not acting as a third party service provider. You understand that is it your responsibility to maintain a balance in the designated account to enable the transfer to be made on the specified date.  If the payment date requested is a weekend or bank holiday, the payment will be processed on the next business day.  In that case, your financial institution may put a hold on those funds, and treat it as a pending transaction.  The payment amount will be debited in a single transaction.  No recurring or partial withdrawals will be made.  You authorize Park Community Credit Union to make credits and correct errors as needed.  You further agree that the payments authorized by you comply with all state and federal laws and regulations.  Contact your financial institution immediately in there is an error in the amount withdrawn.

You may cancel this authorization by contacting Park Community Credit Union at 502.968.3681. You may cancel your payment by contacting us at 502.968.3681 prior to 5:00pm EST the date of authorization.  You must provide us with a reasonable amount of time to cancel the payment or it will be processed according to your original instructions.  This one-time authorization will remain in effect until you cancel it.  We cannot guarantee that any request to process a payment will be canceled.

If any payment is rejected due to insufficient funds, because your account has been closed, because you provided incorrect account information or for any other reason, Park Community Credit Union may charge you a fee and your financial institution may also charge you a fee. In the event your financial institution is unable to process your payment request or fails to do so, you will be responsible for making other payment arrangements and for any penalties, fees or additional interest accrued on your loan.  Please allow 2-3 business days from your processing date for your payment to be posted to your Park Community Credit Union loan account.  If your loan payment has posted and the payment is rejected, the loan payment will be reversed.  Submitting a payment has no bearing on your due date.  Plan ahead to ensure timely payment.

If you have any questions, you may call Park Community Credit Union at 502.968.3681.