Credit Union Basics and Terminology

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Across
  1. 1. right to keep possession of property belonging to another person until debt owed
  2. 2. makes payments to vendors electronically or by mail
  3. 5. payments made by companies to shareholders
  4. 6. National Credit Union Administration
  5. 8. Account to account
  6. 9. a person who signs a loan or lease jointly with another in order to guarantee payment
  7. 12. Automated clearing house
  8. 13. legal process that allows creditors to collect unpaid debts directly from a debtors wages
  9. 14. Annual percentage rate
  10. 15. dormant accounts
  11. 17. move from one place to another
  12. 18. money in coins or notes
  13. 19. not enough money to cover a transaction
  14. 22. payment card that allows you to borrow money and repay it later with potential fees & interest
  15. 23. a request made to prevent a check, ACH transfer, or other payment from being processed
  16. 25. Non-Profit Cooperatives
  17. 26. For-Profit Institutions
  18. 27. Written order from an account holder to their branch
  19. 28. Date a bank must return your principal
Down
  1. 1. Scheduled payment made by borrower to a lender
  2. 3. Payment card linked to your bank account
  3. 4. allows member to deposit or withdraw money or make loan payments from one branch to another
  4. 7. When a creditor writes a debt off as a loss
  5. 10. the digital movement of money between bank accounts
  6. 11. Electronic method of sending money, either domestically or internationally
  7. 16. Move exsisting debt from one credit card or loan to another account
  8. 20. something pledged as security for repayment of a loan
  9. 21. Person to person
  10. 24. Short term credit facility that allows you to withdraw more money than your account balance