Membership Application

Back Continue

Web Authorization (ACH Debit) — One Time $5.00 Payment

Please process the $5.00 opening deposit from the following account on the next available business date:

Authorization

By checking the box below and clicking Submit, I authorize Penlanco Federal Credit Union to initiate a one time ACH/electronic debit from my bank account in the amount of $5.00 on or after today's date, from the account I provide (routing & account number; checking or savings). I agree that ACH transactions I authorize comply with all applicable U.S. law and Nacha Operating Rules.

Error Correction

If a debit is made in error, I authorize Penlanco FCU to initiate an ACH credit to my account to correct the erroneous debit.

Revocation/Cancellation

I may revoke this authorization by contacting Penlanco FCU at 717-569-9621 or memberservices@penlancofcu.com. Penlanco FCU will either cancel the transaction, or reverse the transaction, depending on if it has already occurred.

Copy of Authorization

Penlanco FCU will provide me an electronic or paper copy of this authorization for my records and will retain it as required.

Identity Authentication & Account Validation (WEB entries)

I understand that, because this authorization is given online, Penlanco FCU may use commercially reasonable methods to authenticate my identity and validate my account before initiating the debit (e.g., secure login, micro deposit verification, or third party account validation).

Consumer Rights (E-SIGN)

By proceeding electronically, I consent to use electronic records for this authorization. I acknowledge I can withdraw consent and request paper copies at no charge by contacting Penlanco FCU at 717-569-9621 or memberservices@penlancofcu.com; and that I have the hardware/software needed to access and retain this record (e.g., a device with a web browser and PDF reader).

Back Continue

Skip this section if you are opening a savings account only.

WHAT YOU NEED TO KNOW ABOUT OVERDRAFTS AND OVERDRAFT FEES

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. Please refer to the Membership and Account Agreement (Agreement) for a more thorough explanation of factors that determine when an overdraft occurs and when you may incur a fee for overdrawing your account. The terms of the Agreement are incorporated herein, and both this document and the Agreement are meant to be interpreted together. We can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account.

2. We also offer overdraft protection plans, such as a link to a savings account or a line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

1. Share drafts/checks, and other transactions made using your checking account

2. Automatic bill payments

3. ACH transactions

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

1. ATM Transactions

2. One-time debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What are the standard overdraft practices that come with my account?

Under our standard overdraft practices:

1. We will charge you a fee of $3.00 each time we pay an ATM or debit card transaction overdraft.

2. There is no limit on the total fees we can charge you for overdrawing your account.

What if I want the Credit Union to authorize and pay overdrafts on my ATM and one-time debit card transactions?

If you want us to authorize and pay overdrafts on ATM and one-time debit card transactions, complete the section below and submit it electronically, present it at a branch, or mail it to:

Penlanco Federal Credit Union

20E East Roseville Rd

Lancaster, PA 17601

717-569-9621

penlancofcu.com

If there are multiple owners on your account, any account owner can act on behalf of all account owners. Only one (1) account owner signature is needed to add or decline/remove the overdraft coverage.

Back Submit

When a checking account is opened, we automatically order a debit card for each account owner and include a starter pack of checks. If you do not want checks or would like to limit debit cards to certain owners, please indicate your preferences.

Are there any other account types you’d like us to contact you about — such as Additional Savings, Share Certificates, IRAs, or Money Market Savings?

Is there anything additional you'd like to share with us?

Back Continue

To help protect you and your money, and to aid in the prevention of fraud and money laundering, Penlanco FCU collects some basic information about how you plan to use your account. Your responses don’t need to be exact — just a general idea of what typical activity might look like. This helps us recognize unusual or suspicious transactions and reach out to you quickly if something doesn’t seem right. Providing this information is a required step in opening an account at Penlanco FCU and helps us keep your finances safe.Label

What is your main purpose for the account?

Would you like to set up a passcode for extra security for when you call us about your account?

If yes, please enter a passcode and a reminder question to help you remember it.

How will you normally make deposits?

How will you normally make withdrawals?

For Checking Accounts Only:

This section is optional, but could help us to recognize unusual or suspicious activity in the event of fraud.

Back Finish

Thank you — your information has been received.

Thank you for your interest in joining Penlanco FCU. You can expect to receive the necessary membership forms via our secure e-sign platform within the next business day. The email notification will include a passcode for accessing the e-signing process. Once you have completed the e-signature, we will promptly finalize your account opening and process your specified opening deposit.

Should you have any questions, please contact us at 717-569-9621 (option 2) or via email at memberservices@penlancofcu.com.

We look forward to having you as part of the Penlanco FCU family!