SHARE DRAFT ACCOUNT AGREEMENT
WITH OVERDRAFT PAYMENT PROVISIONS

I/We hereby authorize Georgia Power Valdosta Credit Union to establish this Share Draft Account for me/us. The Credit Union is authorized to pay share drafts signed by me (or by any of us) and to charge all such payments against the shares in this account. It is further agreed that:

A.

Only share draft blanks and ACH'S approved by the Credit Union may be used to make withdrawals from this account.
B.
The Credit Union is under no obligation to pay a share draft that exceeds the fully paid and collected share balance in this account. However, if any of the undersigned writes a share draft that would exceed such balance and result in this account being overdrawn, the Credit Union may: 
(1)





Treat such share draft as a request to the Credit Union for a loan advance for the amount of the draft from a loan account identified as an overdraft line of credit. Advances are to be credited to the loan account. Service charges will be waived for loan advances.
___________________________________
Primary Owner
___________________________________
Joint Owner
(2)
If none of the undersigned is then eligible to received a loan advance as provided above, the Credit Union may, nevertheless, pay such drafts and transfer shares to this account in the amount of the resulting overdraft, plus a service charge, from any other regular share account from which any of the undersigned is then eligible to withdraw shares. If there are not sufficient funds to cover the overdraft, plus service charges, in any other regular share account, it is agreed that the credit union shall be immediately reimbursed, by one or more of the undersigned, to the extent that such a draft exceeds the share balance in this account, such reimbursement shall be in cash.
C.
The credit union may pay a share draft on whatever day it is presented for payment, notwithstanding the date (or any other limitation on the time of payment) appearing on the share draft, unless the credit union has prior to presentment and within reasonable time for the credit union to act, received a separate notice of stop payment order concerning the share draft.
D.
When paid, share drafts become the property of the credit union and will not be returned either with periodic statements of this account or otherwise. The credit union can charge a $3.00 fee per copy of cancelled checks.
E.
Except by negligence, the Credit Union is not liable for any actions it takes regarding the payment or nonpayment of a share draft.
F.
Any objection respecting any item shown on a periodic statement of this account is waived unless made in writing to the Credit Union before the end of 60 days after this statement is mailed.
G.
This account is subject to the Credit Union's right to acquire advance notice of withdrawal, as provided in its bylaws.
H.
This account is also subject to such other terms, conditions and service charges as the credit union may establish from time to time. If applicable to loan advance, the credit union may change the terms and conditions of this account upon giving a 30 day written notice. Notice may be given by U.S. mail, first class postage prepaid, to my/our last known address as reflected in the credit union's records. Notice to any one owner shall be notice to all owners.
I.
If this agreement is signed by more than one person, the persons signing below shall be the joint owners of this account, which, in that event, shall be subject to the additional terms and conditions printed on the share draft application hereof.
Date __________________________ Signature(s)
_______________________________
Primary Member
_______________________________
Joint Owner

THE CREDIT UNION RESERVES THE RIGHT TO CLOSE ANY SHARE DRAFT ACCOUNT INPOSING PROBLEMS WITHOUT PRIOR NOTICE.

You Must Print, Sign and Return to Credit Union
along with Share Draft Application