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Legacy Member
A legacy member is a long-time member of a credit union, with family membership often spanning multiple generations.
More Details
A legacy member is a member of an organization or group who has a long history of involvement or has made significant contributions to the organization. The term "legacy" typically refers to something that has been passed down from the past, and a legacy member is often someone who has been associated with the organization for a long time or who has played a key role in its development.
Example
You are a third-generation member of MCU and have been a part of our community your entire life. You are a valued legacy member of MCU.
Related Terms
Collateral
Property or assets offered as security for a loan. If the borrower defaults, the lender can seize the collateral to recover the value of the loan.
Federal Reserve
The US central bank, responsible for monetary policy, bank regulation, and government financial services.
Terms of Service
Terms of Service (TOS) are the legal agreements between a service provider and a user that govern the use of the service.

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