Disclosures
Savings Account
Family Financial Credit Union
TRUTH IN SAVING IMPORTANT INFORMATION ABOUT YOUR ACCOUNTS
The Truth in Savings Act (T-I-S) is a section of the Federal Deposit Insurance Corporation Act of 1991. The National Credit Union Administration is charged with enforcing the act which applies to ALL credit unions. The purpose of T-I-S is to promote and simplify comparisons among accounts at all financial institutions. T-I-S enables consumers to make informed choices/comparisons among competing claims of financial institutions by requiring disclosure of the interest rates payable on these accounts and the fees assessable against these accounts.
It is the intent of Family Financial Credit Union, to maintain compliance with this federal law pertaining to full disclosure regarding the terms and conditions of all savings programs. The following disclosure information illustrates the various savings alternatives available at Family Financial Credit Union.
Family Financial Credit Union herein be known as "FFCU", "the credit union" or "we" and account owners will be known as "you" or "members". The Rate and Fees Schedule sets forth certain conditions, rates, fees and charges applicable to your accounts at FFCU.
If you have questions regarding any of your accounts at FFCU please contact the credit union by phone at (231) 733-4600 or toll-free at 1-800332-0779 or in writing at: Family Financial Credit Union 3575 Henry Street Muskegon, MI 49441
REGULAR SAVINGS ACCOUNT
Account ID Number (000)
“Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.”
Rate Information
View the prospective dividend rate and anticipated annual percentage yield (APY) for the current dividend period on this account on the Rates page of our Website www.ff-cu. The prospective dividend rate and anticipated annual percentage yield (APY) on this account may change every quarter as determined by our board of directors. Rates shown on the Rates page were paid for the preceding dividend period.
Compounding and Crediting
Dividends will be credited and compounded quarterly.
For this account type, the dividend period is quarterly, for example the beginning date of the first dividend period of the calendar year is January 1st and the ending date is March 31st. of the same calendar year. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above would be April 1st.
If you close your account before the end of a dividend period, you will not receive the accrued dividends.
Account Restrictions and Features
During a calendar month, you may not make more than six withdrawals or transfers, which includes the following types of transactions: Preauthorized or automatic withdrawals; Telephone transfers; or Transfers initiated by personal computer to another account at the same credit union or to a third party during a calendar month or statement cycle. If you exceed the transfer limitations set forth above in any calendar month, the credit union may take action up to closing the account.
Balance computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day.
Minimum Balance Requirements
A $5.00 minimum deposit is required to open this account. This is your par value share in the credit union and is required for membership in FFCU. You are required to maintain a $5.00 balance in this account to be eligible for services.
Accrual of Dividends on Non-cash Deposits
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
Dormant Accounts
Regular Saving Accounts must have transaction activity at least once every 12 months, or the account will be charged a Dormant Account Fee each month the account remains dormant unless the account meets one of the Transaction Activity Exceptions listed below. Transaction activity includes deposits or withdrawals in any amount whether completed in person, by phone with staff assistance, or electronically via ACH, ATM, E-Branch, or Audio Teller systems. Cashing checks and the posting of dividends do not meet the transaction requirements.
*Transaction Activity Exemptions:
• The member/primary account owner is under 18 years of age.
• Qualified accounts, which are attached to the same member number, are utilized.
• Loan products, which are attached to the same member number, are utilized.
• A $50.00 Regular Saving Account balance is maintained.
Termination of Dormant Accounts and Membership:
It is the intent of the Dormant Account Fee to eliminate small balance Dormant Accounts. The Dormant Account fee may reduce the Regular Saving Account balance below the par value of one membership share in the credit union. The Regular Saving Account will be closed and membership terminated when the Regular Saving Account balance is reduced to zero by Dormant Account Fees.
Address Changes and Returned Mail
It is your responsibility to notify the credit union directly if your mailing address and/or residence address changes. You will be charged a Return Mail Fee for each item (other than marketing materials) that is returned by the US Postal Service for address correction. Address changes may only completed in one of the following methods: In person at any FFCU branch, in writing mailed to the credit union, online using the E-Branch Secure Mail system (requires active E-Branch login) or by Fax at (231) 733-1631. The credit union cannot accept address changes initiated through general email or the US Postal Service. Address changes must include the following the following information: name of member or joint owner, Member or Account number(s) to be changed, old address, new address, new contact information if changing, and signature of member or account co-owner.
Mail address changes to:
Address Change Family Financial Credit Union
3575 Henry Street Muskegon, MI 49441
Kasasa Account Rate and Truth-in-Savings
This Kasasa Account Rate and Truth-in-Savings Disclosure sets forth current rates and conditions applicable to your Kasasa checking and savings accounts at Family Financial Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth in this Kasasa Account Rate and Truth-inSavings Disclosure and acknowledges that it is a part of the Member Service Agreement.
| Kasasa Cash Back Checking | Dividend Rate | Annual Percentage Yield | Minimum Opening Balance | Minimum Balance to Recieve Dividends | Minimum Balance to Avoid Fee | Dividends Compounded and Credited | Dividend Period |
|---|---|---|---|---|---|---|---|
| $0.01 - $7,499.99 | 2.25% | 2.27% | n/a | n/a | n/a | Monthly | Calendar Month |
| $7,500.00 or more | 0.15% | 2.27% - 0.015% | n/a | n/a | n/a | Monthly | Calendar Month |
| Non - qualifying | 0.05% | 0.05% | n/a | n/a | n/a | Monthly | Calendar Month |
| Kasasa Cash Back Checking | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Kansasa Tunes Checking* | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
* Kasasa accounts must meet the following account qualifications to earn the qualifying dividend rate and APY:
Kasasa Checking and Savings Accounts
1) A minimum of 12 signature-based debit card purchases post to your Kasasa Cash, Kasasa Cash Back, or Kasasa Tunes account;
2) You receive monthly e-Statements for the account; and
3) You must access online banking at least once during the period.
4) If your Kasasa checking account fails to meet account qualifications in 6 consecutive months, your Kasasa checking account will revert to a FFCU Share Draft checking. Further details are set forth in the Truth in Savings Disclosures below.
Christmas Club And Dream Club Savings Account
Account ID Numbers (055, 059)
“Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.”
Rate Information
View the prospective dividend rate and anticipated annual percentage yield (APY) for the current dividend period on this account on the Rates page of our Website www.ff-cu. The dividend rate and annual percentage yield (APY) on this account may change every quarter as determined by our board of directors. The rates displayed were paid for the previous dividend period.
Compounding and Crediting
Dividends will be credited and compounded quarterly. For this account type, the dividend period is quarterly, for example the beginning date of the first dividend period of the calendar year is January 1st and the ending date is March 31st. of the same calendar year. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above would be April 1st. If you close your account before the end of a dividend period, you will not receive the accrued dividends.
Account Restrictions and Features
The Christmas and Dream Club accounts are annually renewing accounts. At maturity the accumulated funds in the account will be dispersed to a FFCU account of your choice. No withdrawals are allowed prior to maturity. The account may be closed at anytime prior to maturity with no penalty. The account will not automatically renew if closed prior to maturity.
Christmas Club ID Number (059) matures October 1st and the Dream Club ID Number (055) matures April 1st.
Balance computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day.
Minimum Balance Requirements
No minimum deposit or balance requirements apply to this account; however, members must maintain a $5.00 par value share in the credit union to be eligible for additional services.
Accrual of Dividends on Non-cash Deposits
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
Dormant Accounts
Christmas and Dream Club Accounts must have transaction activity at least once every 12 months. Transaction activity includes deposits or withdrawals in any amount whether completed in person, by phone with staff assistance, or electronically via ACH, ATM, E-Branch, or Audio Teller systems. The posting of dividends does not meet the transaction requirements.
Dormant Christmas or Dream Club Accounts with balances below $50.00 will be closed and funds transferred to the Regular Savings Account. A notice will sent to the address on file 30 days prior to the account being closed. These accounts can be reopened at any time.
Special Purpose Saving Account
IMPORTANT INFORMATION ABOUT YOUR ACCOUNTS
Special Purpose Saving Accounts ID Numbers (001-012, 021, 022, 024) Earnie Youth Saving Account ID Number (000, 023) “Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.”
Rate Information
View the prospective dividend rate and anticipated annual percentage yield (APY) for the current dividend period on this account on the Rates page of our Website www.ff-cu. The dividend rate and annual percentage yield (APY) on this account may change every quarter as determined by our board of directors
Compounding and Crediting
Dividends will be credited and compounded quarterly. For this account type, the dividend period is quarterly, for example the beginning date of the first dividend period of the calendar year is January 1st and the ending date is March 31st. of the same calendar year. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period., and for the example above would be April 1st. If you close your account before the end of a dividend period, you will not receive the accrued dividends.
Account Restrictions and Features
During a calendar month, you may not make more than six withdrawals or transfers, which includes the following types of transactions: Preauthorized or automatic withdrawals; Telephone transfers; or Transfers initiated by personal computer to another account at the same credit union or to a third party during a calendar month or statement cycle. If you exceed the transfer limitations set forth above in any calendar month, the credit union may take action up to closing the account.
Balance computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day.
Minimum Balance Requirements
No minimum balance or minimum deposit to open requirements apply to this account; however, you are required to maintain a $5.00 par value share in the credit union by maintaining a $5.00 minimum Regular Savings Account balance.
Accrual of Dividends on Non-cash Deposits
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
Dormant Accounts
Special Purpose Accounts must have transaction activity at least once every 12 months. Transaction activity includes deposits or withdrawals in any amount whether completed in person, by phone with staff assistance, or electronically via ACH, ATM, E-Branch, or Audio Teller systems. The posting of dividends does not meet the transaction requirements. Dormant Special Purpose Accounts with balances below $50.00 will be closed and funds transferred to the Regular Savings Account. A notice will sent to the address on file 30 days prior to the account being closed. These accounts can be reopened at any time.
High Yield Savings Account
Account ID Number (030) “Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.”
Compounding and Crediting
Dividends will be credited and compounded monthly.
For this account type, the dividend period is monthly, for example the beginning date of the first dividend period of the calendar year is January 1st and the ending date is January 31st. of the same calendar year. All other dividend periods follow this same pattern of dates. Dividends will be compounded and credited monthly following the ending of a dividend period. If you close your account before the end of a dividend period, you will not receive the accrued dividends.
Account Restrictions and Features
During a calendar month, you may not make more than four withdrawals or transfers to another credit union account. An Excessive Withdrawal Fee will be assessed for each withdrawal after four per calendar month. During a calendar month, you may not make more than six withdrawals or transfers, which includes the following types of transactions: Preauthorized or automatic withdrawals; Telephone transfers; or Transfers initiated by personal computer to another account at the same credit union or to a third party during a calendar month or statement cycle. If you exceed the transfer limitations set forth above in any calendar month, the credit union may take action up to closing the account.
Balance computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the day end balance in the account each day.
Minimum Balance Requirements
Members must maintain a $5.00 par value share in the credit union to be eligible for additional services. A minimum deposit of $2,500.00 is required to open. Dividends will not accrue for balances below $2,500.00.
Dividend Rate Computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day. The dividend rate applied to the day end balance is based on a tiered rate structure and is determined by the end of day balance.
Rate Information
View the current interest rates and annual percentage yield (APY) on the Rates page of our Website www.ff-cu.org. The prospective dividend rate and anticipated annual percentage yield (APY) on this account may change every monthly as determined by our board of directors. Rates shown on the Rates page were paid for the proceeding dividend period. The dividend rate is determined by the rate tier that corresponds with the end of day balance.
Dormant Accounts
High Yield Saving Accounts with balances below $2500.00 must have transaction activity at least once every 12 months. Transaction activity includes deposits or withdrawals in any amount whether completed in person, by phone with staff assistance, or electronically via ACH, ATM, E-Branch, or Audio Teller systems. The posting of dividends does not meet the transaction requirements. Dormant High Yield Savings Accounts with balances below $2,500.00 will be closed and funds transferred to the Regular Savings Account. A notice will be sent to the address on file 30 days prior to the account being closed. These accounts can be reopened at any time.
Certificate of Deposit (CD) Accounts
CD, Jumbo CD, CD Plus, and IRA CD
Compounding and Crediting
Interest will be credited and compounded monthly* on the anniversary date of the CD. Interest will not be available for withdrawal except as provided below. *At account opening you may direct us to credit interest to another account of your choice at FFCU or you may direct us to mail interest to you in a check. If you direct us to credit interest to another account or mail interest to you, interest will not compound and you will not earn the quoted APY.
Balance computation Method
Interest is calculated by the daily balance method which applies a daily periodic rate to the end of day account balance.
Minimum Balance Requirements
Member must maintain a $5.00 par value share in the credit union to be eligible for additional services. The minimum deposit to open CDs is determined by the account type. See the Rate Information and Minimum Deposit section below for minimum deposit amounts.
Transaction Limitations
No deposits or withdrawals may be made to a certificate of deposit account prior to maturity except, for the CD Plus certificate of deposit. Deposits are allowed at any time prior to maturity on CD Plus certificate of deposit accounts.
Early Withdrawal Penalty and Grace Period Information
There is a seven (7) day grace period for withdrawals from a certificate of deposit after its maturity date. If a certificate of deposit is presented for payment on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. If a certificate of deposit is presented for payment before maturity or more than seven (7) days after maturity, thirty (30) days prior notice must be furnished to FFCU. When such prepayment occurs, 90 days of CD terms 12 months or less, and 180 days for CD terms over 12 months, interest on the entire principle and compounded interest amount shall be forfeited and the certificate of deposit shall be cancelled. If the interest to be forfeited exceeds the interest paid to the account at the time of prepayment, the difference shall be deducted from the principle amount.
Renewal Information
If a certificate of deposit is not presented for payment on its initial or any subsequent renewal maturity date, it will be automatically renewed; from its last maturity date unless FFCU shall prior to maturity, give written notice to you that it will not be renewed. The interest rate to be paid upon renewal shall be determined by FFCU at or before maturity. For interest rate information at the time of maturity, visit our Rates page at www.ff-cu.org, or call FFCU at (231) 733-4600 or 1-800-332-0779. All other terms and conditions, including the length of the term of the certificate of deposit, shall be the same as provided herein unless FFCU shall, prior to maturity, give written notice of a change in terms and conditions.
Dividend Rate Computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day.
Rate Information and Minimum Deposit
View the current interest rates and annual percentage yield (APY) on the Rates page of our Website www.ff-cu.org. The rates displayed for these accounts may change at any time without notice.
IRA Certificate of Deposit
Funds from Traditional IRA accounts may be invested in certificate of deposit and jumbo certificate of deposit accounts. A Traditional IRA account must be established to qualify for IRA certificates of deposit.
Individual Retirement Accounts
Traditional IRA Savings Account ID Number (026) Roth IRA Savings Account ID Number (027) Coverdell Educational IRA Account ID Number (029)
“Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.”
Rate Information
View the prospective dividend rate and anticipated annual percentage yield (APY) for the current dividend period on this account on the Rates page of our Website www.ff-cu. The prospective dividend rate and anticipated annual percentage yield (APY) on this account may change every quarter as determined by our board of directors. Rates shown on the Rates page were paid for the preceding dividend period.
Compounding and Crediting
Dividends will be credited and compounded quarterly. For this account type, the dividend period is quarterly, for example the beginning date of the first dividend period of the calendar year is January 1st and the ending date is March 31st. of the same calendar year. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above would be April 1st. If you close your account before the end of a dividend period, you will not receive the accrued dividends.
Account Restrictions and Features
You may not make withdrawals or transfers to another credit union account of yours or to a third party by means of preauthorized or automatic transfer or telephonic order or instruction. No transfers may be made by check, draft, debit card, if applicable, or similar order to a third party.
Additional Account Restrictions
There are additional restrictions on use of this type of account imposed by the IRS. For IRS requirements, request an IRA brochure covering the type(s) of accounts you are interested in.
Balance computation Method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the end of day balance in the account each day.
Minimum Balance Requirements
You are required to maintain a $5.00 par value share in the credit union to be eligible for services. There is no minimum deposit required to open this type of account.
Accrual of Dividends on Non-cash Deposits
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
Privacy Policy
| FACTS | WHAT DOES FAMILY FINANCIAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION? |
|---|---|
| Why? | Financial companies choose how they share Your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires Us to tell You how We collect, share, and protect Your personal information. Please read this notice carefully to understand what We do. |
| What? |
The types of personal information We collect and share depend on the product or service You have with Us. This information can include:
When You are no longer our member, we continue to share your information as described in this notice. |
| How? | All financial companies need to share member’s personal information to run their everyday business. In the section below, We list the reasons financial companies can share their member’s personal information; the reasons Family Financial Credit Union chooses to share; and whether You can limit this sharing. |
| Reasons we can share your personal information | Does Family Financial Credit Union share? | Can you limit this sharing? |
|---|---|---|
| For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus |
Yes | No |
| For our marketing purposes — to offer our products and services to you |
Yes | No |
| For joint marketing with other financial companies | No | We don't share |
| For our affiliates' everyday business purposes — information about your transactions and experiences |
No | We don't share |
| For our affiliates' everyday business purposes — information about your creditworthiness |
No | We don't share |
| For affiliates to market to you | No | We don't share |
| For nonaffiliates to market to you | No | We don't share |
| Questions? | Call (231) 733-4600 or go to www.ff-cu.org or write to Us at: 3575 Henry Street, Muskegon, MI 49441 | |
| Who we are | |
|---|---|
| Who is providing this notice? | Family Financial Credit Union |
| What we do | |
|---|---|
| How does Family Financial Credit Union protect my personal information? | To protect Your personal information from unauthorized access and use, We use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. Our employees are trained in the importance of maintaining confidentiality and member privacy. |
| How does Family Financial Credit Union collect my personal information? |
We collect your personal information, for example, when you
We also collect Your personal information from other companies. |
| Why can't I limit all sharing? |
Federal law gives you the right to limit only
State law and individual companies may give you additional rights to limit sharing. |
| Definitions | |
|---|---|
| Affiliates |
Companies related by common ownership or control. They can be financial and nonfinancial companies.
|
| Non-Affiliates |
Companies not related by common ownership or control. They can be financial and non-financial companies.
|
| Joint marketing |
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
|
Funds Availability Disclosure Policy
EXCEPT FOR CHECKS DRAWN ON FOREIGN BANKS IN FOREIGN COUNTRIES, THIS DISCLOSURE DESCRIBES YOUR ABILITY TO WITHDRAW FUNDS FROM TRANSACTION ACCOUNTS AT FAMILY FINANCIAL CREDIT UNION. YOU SHOULD ALSO REFER TO THE SECTION OF THESE AGREEMENTS AND DISCLOSURES THAT DESCRIBES THE DETAILS OF YOUR SPECIFIC ACCOUNT TYPE FOR ADDITIONAL INFORMATION.
Your Ability to Withdraw Funds
Our Policy is to delay the availability of funds from Your cash and check deposits. During the delay, You may not withdraw the funds in cash and We will not use the funds to pay checks that You have written.
Determining the Availability of A Deposit
The length of the delay is counted in business days from the day of Your deposit. Every day is a business day except Saturdays, Sundays and federal holidays. If you make a deposit before We are open, We will consider that day to be the day of your deposit. However, if You make a deposit after closing or on a day We are not open, We will consider that the deposit was made on the next business day We are open. The length of the delay varies depending on the type of deposit and is explained below.
Same-Day Availability
Funds from electronic direct deposits to Your Account will be available on the day We receive the deposit.
If you make the deposit in person to one of Our employees, funds from the following deposits are also available on the business day We receive Your deposit:
U.S. Treasury checks that are payable to You.
Wire transfers.
Checks drawn on Us.
Cash.
State and local government checks that are payable to You.
Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you.
If You do not make Your deposit in person to one of Our employees (for example, if You deposit in the Night Depository or mail the deposit), funds from these deposits will be available on the 1st business day after the day We receive Your deposit.
Other Checks
Of the first $225 from a deposit of other checks, the first $100 will be available on the business day We receive Your deposit and the remaining amount will be available on the 1st business day after the after the day of Your deposit. The remaining funds will be available on the 2nd business day after the day of Your deposit. For example, if You deposit a check of $700 on a Monday, $100 of the deposit is available on Monday and another $125 on Tuesday. The remaining $475 is available on Wednesday.
ATM Deposits
For deposits made at Automated Teller Machines (ATMs) owned and operated by the Credit Union, deposits subject to delayed availability will become available for withdrawal on the 2nd business day following the day of deposit. For deposits made at Automated Teller Machines (ATMs) not owned and operated by the Credit Union, deposits subject to delayed availability will become available for withdrawal on the 5th business day following the day of deposit. All ATMs that We own or operate are identified as Our machines.
Longer Delays May Apply
Funds You deposit by check may be delayed for a longer period under the following circumstances:
We believe a check You deposit will not be paid.
You deposit checks totaling more than $5,000 on any one day.
You redeposit a check that has been returned unpaid.
You have overdrawn Your account repeatedly in the last six months.
There is an emergency, such as failure of computer or communications equipment.
We will notify You if We delay Your ability to withdraw funds for any of these reasons and We will tell You when the funds will be available. They will generally be available no later than the 7th business day following the day of Your deposit. In any case, We reserve the right to refuse an item for deposit or encashment.
Holds on Other Funds
If We cash a check for You that is drawn on another institution, We may withhold the availability of a corresponding amount of funds that are already in Your account. Those funds will be available to You at the time funds from the check We cashed for You would have been available if You had deposited it. If We accept for deposit a check that is drawn on another institution, We may make funds from the deposit available for withdrawal immediately but delay Your availability to withdraw a corresponding amount of funds that You have on deposit in another account with Us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this policy for the type of check that You deposit.
Special Rules for New Accounts
If You are a new member, the following special rules apply during the first 30 calendar days Your account is open. Funds from electronic direct deposit to Your account will be available on the day We receive the deposit. Funds from deposits of cash, wire transfers, and federal, state, and local government checks will be available on the business day We receive Your deposit if the deposit meets certain conditions. For example, the checks must be payable to You. The excess of $5,525 will be available on the 7th business day after the day of Your deposit. If Your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 will not be available until the 2nd business day after the day of Your deposit.
Location of Check Endorsements
Federal law requires all check endorsements to be in the first 1-1/2 inches of the trailing edge of the back of the check. The trailing edge is opposite the left side of the face of the check, the side of the check just behind Our address. You will be responsible for any costs incurred by Us due to delays in returning checks deposited into Your account that do not comply with the endorsement standards.