Thank you for your continued loyalty to Education First Credit Union. As a member owned financial co-operative, we are always mindful that it is our duty to protect Credit Union resources. As good stewards it is imperative that we stay up to date with all regulatory and legal requirements placed upon the Credit Union.
Because of this ongoing duty we are proposing an Arbitration and Waiver of Class Action provision. This new provision provides more clarity as to how legal disputes between the Credit Union and its members shall be resolved. We are making this change to protect our member-owners and the Credit Union through the parties working together to resolve disputes quickly and amicably in the limited instances where they arise. You are, of course, free to opt-out of this Agreement according to the instructions in the Agreement should you feel differently.