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Community Reinvestment Act (CRA) Electronic Funds Transfer Disclosure Home Mortgage Disclosure Act (HMDA) Deposit Terms and Conditions (PDF Download)
Under the Federal Community Reinvestment Act (CRA), the Office of Thrift Supervision (OTS) evaluates our record of helping meet the credit needs of this community consistent with safe and sound operations. The OTS also takes this record into account when deciding on certain applications submitted by us. Your involvement is encouraged. You are entitled to certain information about our operations and performance under CRA, for example, information about our branches, such as their locations and services provided at the; public section of our most recent CRA Performance Evaluation prepared by the OTS, and comments received from the public relating to our performance of helping to meet community credit needs, as well as our response to those comments. You may review this information today. At least 30 days before the beginning of each quarter, the OTS publishes a nationwide list of the savings associations that are scheduled for a CRA examination in that quarter. The list is available from the Regional Director of the OTS Consumer Affairs, PO Box 105217, Atlanta, GA 30348. You may send written comments about our performance in helping to meet community credit needs to the CRA Officer, Waterfield, 11595 N. Meridian Street, Suite 250, Carmel, IN 46032 and the OTS Regional Office at the address listed above. Your letter, together with any responses by us will be considered by the OTS in evaluation of our CRA performance and may be made public. You may ask to look at any comments received by the OTS Regional Director and request an announcement of our applications covered by the CRA filed with the OTS. We are an affiliate of Federal City Bancorp, a bank holding company. You may also request from the OTS Regional Director, PO Box 105217, Atlanta, GA 30348, an announcement of application covered by the CRA filed by the bank holding companies.
The Electronic Funds Transfers we are capable of handling for consumers are indicated below, some of which may not apply to your account. Some of these may not be available at all terminals. Please read this disclosure carefully because it tells you your rights and obligations for these transactions. You should keep this notice for future reference. TYPES OF TRANSFERS, FEQUENCY AND DOLLAR LIMITATIONS Prearranged Transfers - Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking and/or savings account(s). Telephone Transfers - You may access your account(s) by telephone at 800-258-7092 using a touch tone phone, your account numbers, and personal identification number (PIN) to: - Transfer funds from savings to checking - Make payments from checking to loan accounts with us. - Get checking account(s) information - Get savings account(s) information - Get loan account(s) information ATM Transfers – You may access your account(s) by ATM using your VISA Debit Card and personal identification number (PIN) to: - Make deposit to savings account(s) - Get cash withdrawals from checking account(s) you may withdraw no more than $500.00 per day. - Get cash withdrawals from savings accounts you may withdraw no more than $500.00 per day. - Transfer funds from savings to checking - Transfer funds from checking to savings - Get checking account(s) information - Get savings account(s) information Point-Of-Sale Transactions – Using your card: - You may not exceed more than $1500.00 in transactions per day. Computer Transfers – You may access you account(s) by computer at … Electronic Check/Draft Conversion - You may access your account(s) with check writing capabilities by electronic check or draft conversion. Your authorization to make these types of electronic funds transfers may be expressed in writing or implied through the posting of a sign. You may:… Electronic Fund Transfers Initiated By Third Parties. General Limitations – In addition to those limitations on transfers elsewhere described, if any, the following limitations apply: Except as indicated above, we do not charge for Electronic Fund Transfers. DOCUMENTATION Terminal Transfers. You can get a receipt at the time you make any transfer to or from your account using on of our terminals. Preauthorized Credits. If you have arranged to have direct deposits made to your account at lease once every 60 days from the same person or company, you can call us at the telephone number listed below to find out whether or not the deposit has been made. In addition, PREAUTHORIZED PAYMENTS Here’s how: - We charge $30.00 for each stop payment. Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. FINANCIAL INSTITUTION’S LIABILITY - If through no fault of ours, you do not have enough money in your account to make the transfer. - If the transfer would go over the credit limit on your overdraft line. - If the automated teller machine where you are making the transfer does not have enough cash. - If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. - If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. - There may be other exceptions stated in our agreement with you. UNAUTHORIZED TRANSFERS Consumer Liability. Tell us at once if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could loose all the money in your account (Plus your maximum overdraft line of credit). If you believe your card and/or code has been lost or stolen and you tell us within 2 business days after you learn of the loss or theft, you can loose no more than $50 if someone used your card and/or code without your permission. Also, if you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as along trip or a hospital stay) kept your from telling us, we will extend the time period. - Visa Card Debit – Additional Limits on Liability for Debit Card. Unless you have been grossly negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen Visa card. This additional limit on liability does not apply to ATM transactions, to transactions using your Personal Identification Number, which are not processed by Visa, or to commercial cards. Visa is a registered trademark of Visa International Service Association. - Contract in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed at the end of this disclosure. ERROR RESOLUTION NOTICE - Tell us your name and account number (if any). We will determine whether an error occurred within 10 business days (5 business days if involving a Visa transaction or 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 day if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days if involving a Visa transaction or 20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. An account is considered a new account for 30 days after the first deposit is made, if you are a new customer. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation. INSTITUTION: For purposes of these disclosures, our business days are Monday through Friday. Holidays are not included.
We do business in accordance with the federal fair lending laws. Deny a loan for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling, or to deny any loan secured by a dwelling, or If you believe you have been discriminated against, you should send a complaint to: Assistant Secretary for Fair Housing and Equal Opportunity For Processing under the Federal Fair Housing Act and to: For processing under FDIC regulations Under the equal credit opportunity act, it is illegal to discriminate in any credit transaction: On the basis of race, color, national origin, religion, sex, marital status or age. Because income is from public assistance, or because a right was exercised under the consumer Credit Protection Act. If you believe you have been discriminated against, you should send a complaint to: Office of Consumer Affairs
Notice: In accordance with Federal Regulation CC we need to inform you of our policy regarding your rights to draw funds against deposits you have made to any transaction account at our institution. Our Funds Availability policy is outlined below: General Policy: The Bank’s general policy is to make funds from deposits available to customers on the first business day after the day the Bank receives the deposit. Once deposited funds are available. Withdrawal of the funds may be made and the funds can be used to pay checks. In some cases we may delay your availability to withdraw funds beyond the next business day. For determining the availability of deposits, every day is a business day except Saturdays, Sundays, and Bank Holidays. If a deposit is made before 4:00 p.m. EST on a business day that the Bank is open, the Bank will consider that day to be the day of deposit.
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected.
Important Information About Opening An Account. What this means for you:
The Federal Deposit Insurance corporation requires FDIC-insured State-Charted Banks that are not members of the Federal Reserve System to prepare, and make available on request, annual disclosure statements of the bank’s financial condition. In accordance with Federal Regulation, Waterfield Bank does hereby make notice of the availability of certain financial information of the last 2 years ending 12/31. To obtain a copy of the financial information please contact: Waterfield Bank 18881 Von Karman Ave., Suite 17 Fl., Irvine, CA 92612
Important Notice About Customer Information Recognition of Your Expectation of Privacy Use, Collection, and Retention of Customer Information Sources of Information WB and WFS Collect Information that you have provided on applications or other forms via the internet, by telephone or other means; Information about your transactions with us or others; and Information about you that we obtain from consumer credit reporting agencies, real estate appraisers, and employers. Nonpublic Personal Information Means: (1) Personally identifiable financial information; and (2) Any lists, description, or other grouping of consumers (and publicly available information pertaining to them) that is derived using any personally identifiable financial information other than publicly available information. Maintenance of Accurate Information Security Procedures to Protect Information Sharing of Nonpublic Personal Information within the Bank and Affiliates and Nonaffiliated Third Parties WB and WFS do not disclose nonpublic personal information about you to any nonaffiliated third parties except as permitted by federal law. The confidentiality of your nonpublic personal information will continue to be maintained consistent with this privacy notice even if you decide to close your account(s), your account becomes inactive, or when WB and WFS work with a variety of nonaffiliated third parties in order to bring you the best quality financial services possible. We disclose information about you as necessary to fulfill these third party service agreements. For example, we may disclose information about you to third parties that assist us in servicing or maintaining your loan or deposit account, or other business relationship, such as printing checks or billing you for loan payments. We may also disclose information about you to governmental entities, such as sending annual income statements to the IRS, and to other third parties, such as credit reporting agencies, or in response to subpoenas. WB and WFS may also disclose information we collect or generate to companies that perform marketing services on our behalf or to other financial institutions, such as insurance providers, with whom we have joint marketing agreements. These companies must agree to strict confidentiality provisions to assure the protection of your information. Because we already limit the sharing of your nonpublic personal information as outlined above, no action is necessary on your part to limit such sharing. Disclosure of Our Privacy Principles To You These Privacy Principles apply only to individuals. We reserve the right to change them, along with related provisions from time to time and will provide adequate notice to you should a change occur. Click to Download a PDF version of our Privacy Policy* * This is an Adobe PDF file. If you do not have Acrobat Reader installed on your computer, you will need to install it. Download Acrobat Reader for Free
PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THIS SITE: Waterfield Bank requires that visitors to our site on the Internet adhere to the following terms and conditions. This site is maintained to provide you with information about Waterfield Bank, it’s products and services and to facilitate communication with Waterfield Bank. Your access to and use of the site are subject to these terms and conditions and all applicable laws and regulations. The terms and conditions may be revised from time to time. Not all the products or services described on the site are available in all geographic areas. You may not be eligible for all products or services described. Waterfield Bank reserves the right to determine the eligibility for any product or service. Unless otherwise required by applicable law, any communication or material you transmit to us via the site or Internet electronic mail is on a non-confidential basis and may be used by Waterfield Bank for any purpose within the limits of our privacy statement including reproduction, publication broadcast and posting. We will use our best efforts to include accurate information and up to date information on the site, but we make no warranties or representations as to the accuracy of the information. You agree that all access and use of the site and its contents is at your own risk. By using the site, you acknowledge that we disclaim any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of, or in any way connected with your access to, or use of the site, (even if we have been advised of the possibility of such damages) including liability associated with any viruses which may infect a user’s computer equipment.
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Waterfield Bank | 18881 Von Karman | Suite 1700 | Irvine, CA 92612 Copyright © 2010 Waterfield Bank. Users of this site agree to the terms of the Waterfield Terms and Conditions. |
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