| ACH |
Automated Clearing House. A nationwide electronic payments
network used by financial institutions, the government and other
companies. |
| ATM |
Automated Teller Machine |
|
Endorsement |
How the
check is signed |
| NSF
|
Non-sufficient Funds. When you write a check for more money than
you have in your account (a “bounced” check). |
|
Overdraft |
A
situation created in your Checking Account when transactions
clear your account for more than the balance of your Checking
Account. |
|
Overdraft Protection |
A
service SELCCU offers to automatically transfer available funds
needed from a designated account to cover an overdraft. |
|
Payee |
Who the
check is made out to. |
| PIN
|
Personal Identification Number. This number is issued by the
Credit Union and is needed in order to make ATM transactions.
Its purpose is for additional security in the event of a lost
card or stolen identity. |
| POS
|
Point
of Sale. Business location where you make a purchase. |
|
SELCCU |
School
Employees Lorain County Credit Union, Inc. |
|
SELCCU Online |
Allows
you to view and access your account online. |
|
Share Savings Account |
Your
Club FLY Savings Account |
|
Share Draft Account |
Your
Club FLY Checking Account |
| TTT
|
SELCCU’s automated phone system which allows you to check on
account balances, transfer funds, etc. 24/7. |
| MMIA
|
Money
Market Investment Account |
|
VISA® Check Card |
A card
that can be used to access your money at an ATM or merchant;
also referred to as a Debit Card. |
