Credit Union Basics and Terminology

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