Reg E

Effective July 1, 2010 all financial institutions, including GWFCU, will be required to comply with this new federal law named, Reg E, of the Electronic Funds Transfer Act. This law requires the credit union to obtain a written consent from every member possessing an ATM/Debit card before assessing any overdraft charges.  After July 1, 2010, any member who has not provided written consent using our ATM/Debit card and creating an overdraft in their account, will find their account has been closed.

To avoid any inconveniences or disruptions from using our ATM/Debit card, simply stop by and complete an Opt-In authorization form or call us at 860-945-0611 and request a form be mailed to you.

If you never overdraft your account at the credit union and do nothing regarding the completion of an Opt-In authorization form, this change should have no impact on your account with the credit union.