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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
Fair Credit Reporting Act (FCRA)
A federal law that protects consumers' credit information and gives them the right to access and dispute their credit reports.
Frozen Account
An account that is temporarily inaccessible, often due to suspected fraudulent activity or a court order.
Vesting
The entitlement to a present or future asset or benefit, usually referring to an employer-provided benefit such as a retirement account.

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