Disclosures

Privacy Policy

Your Rights, Your Privacy, Your Credit Union's Commitment

Baker Federal Credit Union Privacy Disclosure

Baker Federal Credit Union, your member owned financial institution, is committed to providing you with financial products and services to meet your needs and reach your financial goals. We are equally committed to protecting our members' privacy. You can be confident that your financial privacy is a priority of this credit union. We are required by law to give this privacy notice to explain how we collect, use and safeguard your personal financial information. If you have any questions, please contact a Baker FCU representative at 908-859-2340 or 1-800-992-2365 or email us at memberservice@bakerfcu.org.

Information We Collect and Disclose About You

We collect nonpublic personal information about you from the following sources:

  • Information we receive from you on applications and other forms;
  • Information about your transactions with us or others;
  • Information we receive from a consumer reporting agency;
  • Information obtained when verifying the information you provide on an application or other forms. This may be obtained from your current or past employers, or from other institutions where you conduct financial transactions.
  • Information obtained via the Internet.

We may disclose all the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements. To protect our members' privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the member information we provide to other third parties.

In order to conduct the business of the credit union, we may disclose nonpublic personal information about you under other circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records.

If you terminate your membership with Baker Federal Credit Union, we will not share information we have collected about you, except as permitted or required by law.

How We Protect Your Information

We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.

If any member provides personal identifying information via e-mail (such as name and address), the information will only be used to communicate with the member in handling the request. It will not be sold, given, or disclosed to other parties.

The information contained on any web site to which a member 'links' from our web site is solely the responsibility of the provider of that web site.

What You Can Do to Help Protect Your Privacy

Baker Federal Credit Union is committed to protecting the privacy of its members. Members can help by following these simple guidelines:

  • Protect your account numbers, card numbers, PINs (personal identification numbers) and passwords. Never keep you PIN with your debit or credit card, which can provide free access to your accounts if your card is lost or stolen.
  • Use caution when disclosing your account numbers, social security numbers, etc. to other persons. If someone calls you, explains the call is on behalf of the credit union and asks for your account number, you should beware. Official credit union staff will have access to your information and will not need to ask for it.
  • Keep your information with us current. It is important that we have current information on how to reach you. If we detect potentially fraudulent or unauthorized activity or use of an account, we will attempt to contact you immediately. If your address or phone number changes, please let us know.

Click here to read our ATM Safety brochure.

If you have questions concerning this notice, please do not hesitate to call us - we are here to serve you.

Fee Schedule

Effective January 1,  2015

Checking Services Fee
Personal Checking - no minimum balance required No monthly service charge
Personal Tiered Checking with Interest: No monthly service charge if minimum balance maintained
Average daily balance greater than $1000 with Personal Tiered Checking with Interest No monthly service charge
Average daily balance falls below $1000 with Personal Tiered Checking with Interest 10.00 mo
Related Account Services Fee
Account history printout $3.00
Account Research $20.00 per hour
Certified Check $5.00
Check or statement copy $4.00 each
Check copy (corporate) $5.00 each
Check copy (over 1 year ) $5.00 each
Foreign check collection $25.00
Overdraft transfer from savings $10.00
Returned item (Overdraft) $40.00
Returned 3rd party check $15.00
Stop payment request $15.00
Stop payment (corporate check) $15.00
Bill Payer Fee
Check Copy $10.00
Stop Payment $20.00
Return Item $40.00
Loan Services Fee
Loan Late Charge (after 10 day grace)- grandfathered $15.00
Loan Late Charge (after 10 day grace) $30.00
Loan modification fee $100.00
Safe Deposit Boxes - Phillipsburg location only Fee
5 x 5 $20.00 per year
3 x 10 $30.00 per year
5 x 10 $40.00 per year
10 x10 $60.00 per year
Lost Key Replacement Charge $10.00
Drilling Charge Current Drilling Charge Plus $25.00
Miscellaneous Services Fee
Replacement of lost/damaged Night Depository Bag $30.00
Replacement of lost/damaged Bag Key $10.00
ATM/Visa Check Card - first card Free
Foreign ATM Transaction $0.75 each withdrawal
Replacement ATM/Visa Check Card $15.00
New Debit/ATM Pin $3.00
Captured ATM /Debit Card $20.00
Stop Payment (Debit Card) $35.00
American Express Gift Check $2.00 each
Visa Gift Card $3.00 each
Cashier's Check $3.00 each
Return Mail $5.00 each piece
Dormant account fee* $5.00 mo
Tax Levy/Writ $100.00
Western Union $25.00
Western Union international $60.00
Wire transfers domestic $20.00
Wire transfers international $50.00
Visa/MasterCard currency conversion 1%
Night Depository Bag each lost/damaged $30.00
Replacement of lost/damaged key $15.00
Coin Boxes (per box) $3.00

*Effective 6/30/12 *Accounts that have been inactive for over 12 months. Fee is assessed monthly

Regulation D

Regulation D is a regulation that impacts the number of transactions permitted on savings accounts. This Regulation was implemented by the Board of Governors of the Federal Reserve System. Compliance with Regulation D is required by Banks and Credit Unions, and has been in effect for many years. Effective October 1, 2006, Baker Federal Credit Union will comply with this regulation.

How does Regulation D affect you?

It limits the number of pre-authorized, automatic or phone transactions you make each month on a savings account to a maximum of 6 per month. (alternate savings, club accounts and High Yield Savings would fall into this category.)

Regulation D transactions include:

  • Baker’s Bank-By-Phone transfers
  • Baker’s Banking From Home
  • Overdraft protection services
  • Transfers done over the phone with one of our Member Service Representatives or on our answering machine
  • ACH withdrawals (preauthorized debits)

THERE IS NO LIMIT TO TRANSFERS OR WITHDRAWALS DONE IN PERSON, BY AN ATM, OR THOSE MADE FROM A CHECKING ACCOUNT OR A LINE OF CREDIT.

Unlimited transactions that do not fall within Regulation D:

  • Withdrawals done in person at our office
  • Transfers done in person at our office
  • Cash withdrawals performed at an ATM
  • Transfer requests made at an ATM
  • Check withdrawals made payable to the accountholder done using Bank-By-Phone.
  • Check withdrawals made payable to the account holder requested over the phone to one of our Member Service Representatives.
  • Automatic loan payments made on a BFCU loan.

Any transfer requests (including overdraft transfers) that are received after you have exceeded your limit of six per month will be rejected. In addition, any ACH debits that are received after the limit has been exceeded will be returned for Non-Sufficient funds. All fees associated with Non-Sufficient funds will apply.

How can I avoid exceeding Regulation D limits?

  • Make recurring payments (ACH debits) from your checking account instead of your savings.
  • Keep sufficient balances in your checking account to avoid overdrafts.
  • Use a line of credit for overdraft protection instead of a savings account.
  • Perform transfers at an ATM or in person in our office.

If you have any questions, please feel free to contact us at (800) 992-2365

REGULATION D IS A DIRECTIVE OF THE FEDERAL GOVERNMENT, NOT YOUR CREDIT UNION

Disclaimer

All Web site design, text, graphics, the selection and arrangement thereof, and all software are property of Baker Federal Credit Union

bakerfcu.org ALL RIGHTS RESERVED.

Permission is granted to electronically copy and to print in hardcopy portions of this Web site for the sole purpose of placing an order with Baker Federal Credit Union and any of its affiliates and for using this Internet promotion as a shopping or informational resource.

Any other use of the materials on this Web site, including reproduction for purposes other than those noted above, modification, distribution, or republication — without the prior written permission from Baker Federal Credit Union representing bakerfcu.org is strictly prohibited.

Baker Federal Credit Union and bakerfcu.org are Trademarked. All other trademarks, product names and company names or logos cited herein are the property of their respective owners.

Disclaimer

BAKER FEDERAL CREDIT UNION IS PROVIDING THIS SITE AND ITS CONTENTS ON AN "AS IS" BASIS AND MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WITH RESPECT TO THIS SITE OR ITS CONTENTS. BAKER FEDERAL CREDIT UNION DISCLAIMS ALL SUCH REPRESENTATIONS AND WARRANTIES, INCLUDING FOR EXAMPLE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. IN ADDITION, BAKER FEDERAL CREDIT UNION DOES NOT REPRESENT OR WARRANT THAT THE INFORMATION ACCESSIBLE VIA THIS SITE IS ACCURATE, COMPLETE OR CURRENT.

Except as specifically stated on this site, neither Baker Federal Credit Union nor any of its directors, employees or other representatives will be liable for damages arising out of or in connection with the use of this site.

mOBILE REMOTE DEPOSIT CAPTURE USER AGREEMENT

This Mobile Check Deposit User Agreement ("Agreement") contains the terms and conditions for the use of Baker Federal Credit Union's (BFCU) Mobile Check Deposit and/or other remote deposit capture services that BFCU or its affiliates ("BFCU", "us", or "we") may provide to you ("you" or "User").  Other agreements you have entered into with BFCU, are incorporated by reference and made part of this agreement.

  1. Services: The mobile remote deposit capture services ("Services") are designated to allow you to make deposits to your checking or main savings accounts from home or other remote locations by scanning checks and delivering the images associated deposit information to BFCU or BFCU's designated processor.
  2. Acceptance of these Terms: Your use of the Services constitutes your acceptance of this Agreement.  This Agreement is subject to change from time to time.  We will notify you of any material change via e-mail or on our website(s) by providing you with a link to the revised Agreement or by an online secure message.  Your acceptance of the revised terms and conditions along with the continued use of the Services will indicate your consent to be bound by the revised Agreement.  Further, BFCU reserves the right, at its sole discretion, to change, modify, add, remove portions from the Services.  Your continued use of the Services will indicate your acceptance of any such changes to the Services.
  3. Limitations of Service: When using the Services, you may experience technical or other difficulties.  We will attempt to post alerts on our website to notify you of these interruptions in Service.  We cannot assume responsibility for any technical or other difficulties or any resulting damages that you may incur.  Some of the Services have qualification requirements, and we reserve the right to change the qualifications at any time without prior notice.  We reserve the right to change, suspend or discontinue the Services, in whole or in part, or your use of the Services, in whole or in part, immediately and at any time without prior notice to you.
  4. Hardware and Software: In order to use the Services, you must obtain and maintain, at your expense, compatible hardware and software as specified by BFCU from time to time.  BFCU is not responsible for any third party software you may need to use the Services.  Any such software is accepted by you as is and is subject to the terms and conditions of the software agreement you enter into directly with the third party software provider at time of download and installation.
  5. Eligible items: You agree to scan and deposit only "checks" as that term is defined in Federal Reserve Regulation CC ("Reg CC").  When the image of the check transmitted to BFCU is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.  You agree that you will not scan and deposit any of the following types of checks or other items which shall be considered ineligible items:
  • Checks payable to any person or entity other than the person or entity that owns the account that the check is being  deposited into
  • Checks containing an alteration on the front of the check or item, or which you know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn
  • Checks payable jointly unless deposited into an account in the name of all payees
  • Checks previously converted to a substitute check, as defined in Reg CC
  • Checks drawn on a financial institution located outside the United States
  • Checks that are remotely created checks, as defined in Reg CC
  • Checks not payable in United States currency
  • Checks that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution
  • Checks with any endorsement on the back other than that specified in this agreement
  • Checks payable on sight or payable through Drafts, as defined in Reg CC
  • Checks or items prohibited by BFCU's current procedures relating to the Services or which are otherwise not acceptable under the terms of your BFCU account
  • Checks dated more than 6 months prior to the date of deposit
  • Checks or items that are drawn or otherwise issued by the U.S. Treasury Department
  1. Endorsement and Procedures: You agree to restrictively endorse any item transmitted through the Services as "For Deposit Only Acct #_______" or as otherwise instructed by BFCU.  You agree to follow any and all other procedures and instructions for use of the Services as BFCU may establish from time to time.
  2. Receipt of Items: We reserve the right to reject any items transmitted through the Services, at our discretion, without liability to you.  We are not responsible for items we do not receive or for images that are dropped during transmission.  An image of an item shall be deemed received when you receive a confirmation from BFCU that we have received the image.  Receipt of such confirmation does not mean that the image is error free, complete or will be considered a deposit and credited to your account.  We further reserve the right to charge back to your account at any time, any item that we subsequently determine was not an eligible item.  You agree that BFCU is not liable for any loss, costs, or fees you may incur as a result of a chargeback of an ineligible item.
  3. Availability of Funds: You agree that items transmitted using the Services are not subject to the funds availability requirements of Federal Reserve Board Regulation CC.  In general, if an image of an item you transmit through the Service is received and accepted before 2:30 p.m. Eastern Time on a business day that we are open, we consider that day to be the day of your deposit.  Otherwise, we will consider that the deposit was made on the next business day we are open.  Funds deposited using the Services will generally be made available in two business days from the day of deposit. 
  4. Disposal of Transmitted Items: Upon receipt of a confirmation from BFCU that we have received an image that you have transmitted, You agree to retain the check for at least 30 calendar days from the date of the image transmission.   After 30 days, You agree to destroy the check that you transmitted as an image, mark it "VOID", or otherwise render it incapable of further transmission, deposit, or presentment.  During the time the retained check is available, you agree to promptly provide it to BFCU upon request.
  5. Deposit Limits: We may establish limits on the dollar amount and/or number of items or deposits from time to time.  If you attempt to initiate a deposit in excess of these limits, we may reject your deposit.  If we permit you to make a deposit in excess of these limits, such deposit will still be subject to the terms of this Agreement, and we will not be obligated to allow such a deposit at other times.  The current daily dollar limit is $1,000 per business day.  There is no daily or monthly statement cycle limit on the number of items, as long as the respective dollar limits are not exceeded. 
  6. Presentment: The manner in which the items are cleared, presented for payment, and collected shall be in BFCU's sole discretion subject to BFCU's Member Services Agreement governing your account.
  7. Errors:  You agree to notify BFCU of any suspected errors regarding items deposited through the Services right away, and in no event later than 30 days after the applicable BFCU account statement is sent.  Unless you notify BFCU within 30 days, such statement regarding all deposits made through the Services shall be deemed correct, and you are prohibited from bringing a claim against BFCU for such alleged error.
  8. Errors in Transmission: By using the Services you accept the risk that an item may be intercepted or misdirected during transmission.   BFCU bears no liability to you or others for any such intercepted or misdirected items or information disclosed through such errors.
  9. Image Quality: The image of an item transmitted to BFCU using the Services must be legible, as determined in the sole discretion of BFCU.  Without limiting the foregoing, the image quality of the items must comply with the requirements established from time to time by BFCU, the National Credit Union Administration, or any other regulatory agency, clearinghouse or association.
  10. User Warranties and Indemnification: You warrant to BFCU that:
  • You will only transmit eligible items
  • You will not transmit duplicate items
  • You will not re-deposit or re-present the original item
  • All information you provide to BFCU is accurate and true
  • You will comply with this Agreement and all applicable rules, laws and regulations
  • If you are not aware of any factor which may impair the collectability of the item
  • You agree to indemnify and hold harmless BFCU form any loss for breach of this warranty provision
  1. Cooperation with Investigations: You agree to cooperate with us in the investigation of unusual transactions, poor quality transmissions, and resolution of member claims, including by providing, upon request and without further cost, any originals or copies of items deposited through the Service in your possession and your records relating to such items and transmissions.
  2. Termination: We may terminate this Agreement at any time and for any reason.  This Agreement shall remain in full force and effect unless and until it is terminated by us.  Without limiting the foregoing, this Agreement may be terminated if you breach any term of this Agreement, if you use the Services for any unauthorized or illegal purposes or you use the Services in a manner inconsistent with the terms of your Member Service Agreement or any other agreement with us.
  3. Enforceability: We may waive enforcement of any provision of this Agreement.  No waiver of a breach of this Agreement shall constitute a waiver of any prior or subsequent breach of this Agreement.  Any such waiver shall not affect our rights with respect to any other transaction or to modify the terms of this Agreement.  In the event that any provision of this Agreement shall be deemed to be invalid, illegal, or unenforceable to any extent, the remainder of the Agreement shall not be impaired or otherwise affected and shall continue to be valid and enforceable to the fullest extent permitted by law.
  4. Ownership and License:  You agree that BFCU retains all ownership and proprietary rights in the Services, associated content, technology, and website(s).  Your use of the Services is subject to and conditioned upon your complete compliance with this Agreement.  Without limited the effect of the forgoing, any breach of this Agreement immediately terminates your right to use the Services.  Without limiting the restriction of the forgoing, you may not use the Services (i) in any anti-competitive manner, (ii) for any purpose which would be contrary to BFCU's business interest, or (iii) to BFCU's actual or potential economic disadvantage in any aspect.  You may use the Services only for non-business, personal use in accordance with this Agreement.  You may not copy, reproduce, distribute or create derivative works from the content and agree not to reverse engineer or reverse compile any of the technology used to provide the Services.
  5. DISCLAIMER OF WARRANTIES: YOU AGREE YOUR USE OF THE SERVICES AND ALL INFORMATION AND CONTENT (INCLUDING THAT OF THIRD PARTIES) IS AT YOUR RISK AND IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS.  WE DISCLAIM ALL WARRANTIES OF ANY KIND AS TO THE USE OF THE SERVICES, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF THE MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT, WE MAKE NO WARRANTY THAT THE SERVICES (i) WILL MEET YOUR REQUIREMENTS, (ii) WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS THAT MAY BE OBTAINED FROM THE SERVICE WILL BE ACCURATE OR RELIABLE, AND (iv) ANY ERRORS IN THE SERVICES OR TECHNOLOGY WILL BE CORRECTED.
  6. LIMITATION OF LIABILITY: YOU AGREE THAT WE WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT,, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER LOSSES RESULTING FROM THE USE OF THE INABILITY TO USE THE SERVICES INCURRED BY YOUR OR ANY THIRD PARTY ARISING FOMR OR RELATED TO THE USE OF, INABILITY TO SUE, OR THE TERMINATION OF THE USE OF THIS SERVICES, REGARDLESS OF THE FORM OF ACTION OR CLAIM (WHETHER CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE), EVEN IF BFCU HAS BEEN INFORMED OF THE POSSIBILITY THEREOF.