Privacy Statement

Cause of Loss Policy

It is the policy of the BVA Federal Credit Union to deny future services (with the exception of maintenance of the share account) to any member who causes the BVA Federal Credit Union to suffer a loss.

For the purposes of this policy, it shall be determined that the BVA Federal Credit Union has suffered a loss when the credit union determines that a member is past due or has defaulted on an obligation and that there is a reason to believe that the obligation will not be made current or the default cured.

The filing of a bankruptcy shall not be deemed to cause a loss to the BVA Federal Credit Union if:

(1) the credit union is completely made whole through the bankruptcy proceeding
or
(2) the member reaffirms the bankruptcy debt with Court approval.

It is also the Policy of the BVA Federal Credit Union to deny any or all services to any member who the Credit Union has determined to be a risk and could cause a loss to the Credit Union if permitted to use one or more of the services of the Credit Union. These services include, but are not limited to Direct Deposit, Electronic Funds access, Check Cashing, Share Draft Accounts and VISA Debit or VISA Credit Card.