Advertising Disclosure
  1. Home
  2. Community
  3. Miscellaneous
  4. USSFCU New Terms For Online/Mobile

USSFCU New Terms For Online/Mobile

racecar
  |     |   628 posts since 2014

FYI on UCCFCU's website is notice that starting in Feb you must accept new terms to continue to use online/mobile banking. Doesn't state what the terms are yet, except that you must "...agree to our updated Online Banking Agreement and a software End User License Agreement with our online banking partner, Jack Henry."

I have to say, I honestly don't know Jack about Mr. Henry, but I heard "he" makes a great fudge cake.

Pretty standard these days to have to keep doing this, but worth it to at least peruse quickly to make sure other things (like arbitration etc) aren't slipped in as well.

"Please note that when you log in to Online or Mobile banking in February 2025, you will be prompted to review and agree to our updated Online Banking Agreement and a software End User License Agreement with our online banking partner, Jack Henry.

This annual update is a standard process to ensure we stay current with industry best practices and maintain the highest level of safety and security for your online banking experience.

If you have any questions regarding this process, feel free to reply to this email or chat with one of our team members inside online banking during regular business hours. Thank you for your continued membership with the United States Senate Federal Credit Union."

  Post a comment
2


txFish1
  |     |   479 posts since 2023
If I remember correctly I had to do this last year with USSFCU. On another note with them they must have taken in way more deposit funds than they needed last year when their rates were higher as I must get 2 or 3 emails a week wanting to take out a car or home improvement loan all the while their deposit rates are awful right now in fact I think they are the least competitive rates I have seen from them for over 10 years that I have been a member.
Reply
2
me1004
  |     |   1,381 posts since 2010
Good mentioning the arbitration clause. Everyone should do as I always do: send in the notice that you opt out of the mandatory arbitration. There is nothing good in mandatory arbitration for you, only for the company/business. And the company might even not want arbitration, and the clause always allows them opt for that. That is generally when they want to use the tactic of burying you with a ton of paperwork a d lawyer fees in a drawn out litigation running for years. They can use that tactic against you, but you can't use it against thiem -- which is a major part of the reason they want to impose mandatory arbitration -- on you, not on them. So, 99% of people cave in and settle for somethig the bank likes.

Without accepting the mandatory arbitration clause, you can still ask for it, and other than that tactic I just mentioned,they will be happy to use that, it gives them the upper hand in previaling or at minimum getting a tremendously lower liability.

Isthis knew to have the thrid party handle the online banking site? I donot laike any third party geting that infomation, that is a security risk. Even Zelle is insaneto yuse. Regardless of what Zelle does or does not do, they have had alotof hacking at all that information, and the banck whoget youtouseit don;ttellyou aboutthat sginfincat secuirty risk, nor does Zelle. Toomamny peolehavelost money inthoseknidof systems. And thisthird party being used by USS FCU scares me. They willeven hae my login!
Reply
3


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.