Notices, Terms & Conditions - UT Federal Credit Union

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Terms & Conditions

Dormant Account Fees

All inactive accounts are charged $5.00 per month if the account has a balance of $100 or less, there is no activity in the past 12 months and no other services or accounts are maintained with the credit union. All primary account owners 17 and younger are exempt from the $5.00 dormant fee.

Important Information about Procedures for Opening a New Account

Bank Secrecy Act (BSA) and Patriot Act regulations require all financial institutions to obtain, verify, and record information that identifies each person who opens an account to help the government fight the funding of terrorism and money laundering activities.

You will be asked to provide identification and proof of residency at the time you apply for an account or for other account services at UTFCU. We will ask for your name, address, date of birth, and other information to help us verify your identity. We will ask for supporting documentation such as a valid state driver’s license or other approved documents that help us establish your identity. Information such as personal credit history and reports from other financial institutions and federal government agencies will be used to determine our ability to provide you with account services and extensions of credit.

Other Credit Union Notices, Terms of Service and Instructions

Please see our Privacy Policy, Rates and Frequently Asked Questions.

Important Information about Website Accessibility

Website accessibility for all users is very important to UT Federal Credit Union. We are actively working toward making our website easier to navigate for all users by following recommendations set forth by the Americans with Disabilities Act. While no website mandates are currently in law, we are still proactively striving to increase accessibility for everyone.