ECC Sponsor (Insured) AAUB - ECC's #1 Insured Bank!

AAUB
[Austro-Aurora United Bank]
[Temporarily Closed]
ECC's #1 Insured Bank!
on
Main, Main East, and Main North!
​

Founders: @_Royal_Vulpes_, @6_28 (Known formerly as Tau/OinkyOverlord)​

Owners: @_Royal_Vulpes_, @Nicit6, @WeirdBuilder, and @6_28

Investors:
@Natelev
@Canadian_Apple
@LaggyTryHard
@Quackk
@Revanrose6
@zwunder
@OtterInAOnesie
@SUBYT
@Capbo_
@Black_Cod35​

Partners:
America
Cove Casino,
Grimoire Vaults,
Otter Farms

Why choose AAUB?
With @Nicit6 and @_Royal_Vulpes_, they have issued over $166,000,000ECD($166mil) in forms of Loans, Leases, and Mortgages!
See all the services we offer and apply today!!! ​

Bank Provisions and Services-

Credit Risk Management (i)

Credit Behavior (ii)

Donation Features (iii)

Loans (iv)

Mortgages (v)

Lock Boxes (vi)

Investing (vii)

Star-Tool Leasing (viii)

Star-Tool Rentals (ix)

[a] – General Terms and Conditions

Spoiler: General Terms & Conditions

To request any of the services provided by the Austro-Aurora United Bank(AAUB), you will be required to fill out an application form via a reply on this thread. This thread will be where you fill out your application. Note that if you have not used our bank previously or are new to the community, it may take a little longer for your application to be processed, and depending on the funds available, you may be placed on a waitlist and you will be assisted in the order your application was posted.

(i)

Spoiler: Credit Risk

Credit Risk Management is a form of safeguard that will determine if a player will qualify for any type of loan and the amount. This will be mandatory for anyone wanting to use any of our financial services.

Credit Risk is based on -

• Type and Number of Bans
• Type and Number of Complaints
• Length of Time with the Community
• ECC and Donation Ranks
• Loan payment history(i.e. late or negligent)
• Financial responsibility(how you spend money)

(ii)

Spoiler: Credit Behavior

Credit Behavior is based on the financial background check will always be performed on every player applying for a loan or donation features. The maximum amount of money one requires for a loan will all depend on their credit risk or credit behavior. Any current(at time of financial application) ECC Staff Members will be exempted from background checks due to being trustworthy enough to be a member of the ECC Staff.

(iii) Donation Features
Donation feature purchases are one of our few services we provide to any player who qualifies. Credit Risk or Credit Behavior will limit how much applicants are allowed to spend. First-time donators will be required to pay first before receiving their donation feature. We do provide two payment methods, “Pay in Full” and “Payment Plan.” When paying for donation features in full, our rates are *10k/USD.

Spoiler: [a] Donation Terms

When paying in full -

• Our rates are *$10k ECD per $1 USD.
• One is required to pay first prior to receiving their feature.

When paying on a payment plan -

• Our rates are *$12k ECD per $1 USD.
• All applicants are to be placed under an approved forum contract.
• 1 installment(payment) is required prior to receiving the donation feature(s) to ensure good faith.
• The maximum amount of time you are allowed to pay the plan by is 4* weeks

The reason for the first installment charge is that this is a risk to @_Royal_Vulpes_ in-game and financially in real life.

*Prices/rates and timeframes are subject to change due to the economy.

(iv) Loans
Loans are one of the primary services that we provide here at AAUB for Main, Main East, and Main North. AAUB loans are also available for Cove Casino, Grimoire Vaults, and Otter Farms

• Our loaning policies are fair and are open to all ranks, but we will not give loans without going through procedures found in sections 1 and 2 and we always require an application.
• We offer one-time-charge interest rates that will vary from 7.5-15% WPR(Weekly Percentage Rate), 15-20% TWPR(Tri-Weekly Percentage Rate), or 17-22% MPR(Monthly Percentage Rate).

When filling out the application for a loan, there will be set terms aside from the due date and late fees.

Spoiler: [a] Loan Terms

When filling out an application for a loan -

• We will require a reason for your loan to determine the risk the bank will be taking.
• The bank may require item(s) of equal value as a form of collateral.
  • Depending on the item(s) they may be placed in a secure lockbox that will not require a rental fee.
  • Tools that are set aside as collateral with require ownership to be transferred to @_Royal_Vulpes_ until the loan is paid.
• Loan amounts exceeding $750,000ECD will require an approved forum contract by ECC staff will be required before receiving your funds.
• Loan amounts below $750,000ECD will only require an in-game contract.
• The maximum amount of time a player is allowed to pay back the loan is 16 weeks(4 months)*.

*The maximum amount of time is at the bank's discretion​

When requesting a loan for Cove Casino -

• Loans can only be requested at the AAUB Cove Casino Location.
• Loans will only require an in-game contract.
• The Casino Loan is only to be used at Cove Casino.
• AAUB reserves the right to approve or deny requests for any reason(see sections i & ii).
• Players are charged a one-time interest of 15%.
• Players must pay the loan back within 2 weeks at the AAUB Branch at /warp cove.
• The minimum a player may request is $5,000ECD
• The maximum a player may request is $100,000ECD

(v) Mortgages
With AAUB, we provide mortgages for those who wish to buy plots, homes, or towns(i.e. Mayor, President, and Additional Towns). Like our loans, we will also have to follow the procedures found in sections 1 and 2.

• Mortgage one-time interest rates will vary from 6-12%.
  • For town plots/apartments, a 3% closing cost will be added on to the mortgage that is given to the town Official Owner.
• Our interest rates will all be based on -
  • the amount they need
  • the time it will take
  • how often payments will be made
• Early "pay off" amounts can be placed in the contract.
• When applying for a Mortgage for a plot, the town official owner will be receiving the payment.
• The maximum amount of time a player is allowed to pay back the loan is 8 weeks(2 months).

Spoiler: [a] Mortgage Terms

When filling out the application for a mortgage-

• An approved forum contract by ECC staff will be required before receiving your funds or property.
• There will be terms set aside from the due date and late fees.
• We may require you to set personal and valuable assets aside as collateral.
  • Depending on the item(s) they may be placed in a secure lockbox that will not require a rental fee.
  • Tools that are set aside as collateral with require ownership to be transferred to @_Royal_Vulpes_ until the loan is paid.
• Failure to make payments after a set length of time will result in the bank confiscating the land and/or any valuable items that may be within the land, home, or business.

(vi) Lockboxes[Temporarily Unavailable]
AAUB lockboxes are security deposit boxes that players may rent to store their personal valuables. If you have items wish to keep stored and locked away in case you may go inactive for long periods of time, moving, need a place to store your excess items, or for whatever reason.

• We will keep your items in one of our many chests that you will have complete access to!
• Players may rent any of our available 1x1 or 1x2 Chests
  • The price for a 1x1 Chest is $100/week
  • The price for a 1x2 Chest is $175/week
• Players may cancel at any time!
  • Players are given a 2-day grace period to remove their items from the chest(s).

Spoiler: [a] Lockbox Terms

When applying for a lockbox -

• You will agree to the terms and conditions for the rent of our lockboxes.
• The terms and conditions are that you must intend to pay the full rental period when you apply.
  • For example, if you rent a 1x1 lockbox for 4 weeks, the total cost will be $400.
• The maximum amount of weeks a player may apply/renew for is 12 weeks.
• The minimum amount of weeks a player may apply/renew for is 2 weeks.
• If you cancel before your renewal date, you will only receive a refund for the weeks that remained.
• If you have not renewed your rental time -
  • You will have 2 days to empty your chest or
  • Your items will be taken and held in another storage area in the bank
  • You must pay $50 for each slot the items occupy.

(vii) Investing
At AAUB, we want to be more open to the public and we want you to be a part of our growth as an investor. Our investors are key to ensuring we have enough assets set aside for loans and for our investors to share a little of the profit. Not only do we want our investors to contribute to the AAUB and make a little profit with their investments, but we also would want them to be a voice in our Board of Investors to help continue to make AAUB strive to be ECC's #1 Insured Bank! With that said, AAUB offers the following options for investing:

• Certificate of Deposit(CD)*
  • Spoiler: Rates

    
    
    *MPY is Monthly Percentage Yield or the amount of interest earned per month.
    **American Certificates of Deposit Accounts are reserved for members of ECC American Citizens

• Savings & Premier Money Market(MMDA) Accounts*
  • Spoiler: Rates

    
    *MPY is Monthly Percentage Yield or the amount of interest earned per month.
    **American Savings and Money Market(MMDA) Accounts are reserved for only members of ECC American Citizens
  • Spoiler: What is a Savings Account?

    "A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
    
    Savings accounts have some limitations on how often you can withdraw funds, but generally offer exceptional flexibility that’s ideal for building an emergency fund, saving for a short-term goal like buying a car or going on vacation, or simply sweeping surplus cash you don’t need in your checking account so it can earn more interest elsewhere." cited source
  • Spoiler: What is a Premier Money Market Account(MMDA)?

    "A money market deposit account (MMDA), also known as a money market account (MMA), is a special type of bank or credit union savings account with some features not found in regular savings accounts.
    
    Most money market deposit accounts pay a higher interest rate than regular passbook savings accounts and often include check-writing and debit card privileges. MMDAs also come with restrictions that make them less flexible than regular checking or savings accounts." cited source

• Shareholder Equity(SE) Account**
  • Spoiler: What is a SE Account?

    A Shareholder Equity Account, by AAUB's definition, is an account that a player establishes when they purchase shares into the Bank, thus claiming a partial ownership of such.
  • Current available shares to purchase: 0

*

Spoiler

These types of investment accounts do not permit you to the board of investors.

**

Spoiler

When shares are for sale or if a shareholder will sell, when one has 10 shares, they will be made a member of the board.

Spoiler: Certificate of Deposit(CD) Terms

When applying for a Certificate of Deposit-

• A forum contract will need to be signed to protect both you and the bank.
• You will have 3 days(US est time) to cancel you CD without any penalty fees.
  • After the 3 days(US est time) have ended, you must wait until your CD matures.
• If you insist on wanting to cancel your CD prematurely, you will be charged a 10% early withdraw fee.
• By closing your CD prematurely, your interest will also be forfeited.
• Remember that a CD is for setting aside money to let it grow over time.

Spoiler: Savings Account Terms

When applying for a Savings Account-

• A forum contract will need to be signed to protect both you and the bank.
• With a Savings Account, you are free to close your account at any point.
• In order to begin accruing interest the same month, you must apply between the 1st and 3rd of each month.
• If you apply after the 3rd, interest will begin the following month.
• Savings and Premier Money Market(MMDA) Accounts to give compounding interest.
• Savings Accounts are limited to no more than 6 withdrawals within a revolving 30-day period.
  • If you go over this amount, you are subject to a $100 fee for every excessive withdrawal.
• You will be given 3 warnings of the excessive withdrawals.
  • Each warning will be issued via forum pm at the end of each week(Saturday) an excessive withdrawal occurs.
  • On the 3rd warning, your account will be closed 30 days from when it is issued.

Spoiler: Premier Money Market Account Terms

When applying for a Premier Money Market(MMDA) Account-

• A forum contract will need to be signed to protect both you and the bank.
• With a Premier Money Market(MMDA) Account, you are free to close your account at any point.
• In order to begin accruing interest the same month, you must apply between the 1st and 3rd of each month.
  • If you apply after the 3rd, interest will begin the following month.
• Savings and Premier Money Market(MMDA) Accounts to give compounding interest.
• With this type of savings account, you must maintain a minimum balance of $100,000(100k)ECD in your balance for this type of account.
  • If the balance goes below $100,000(100k)ECD, you will be charged a $500 maintenance fee for the month that your balance goes below the minimum amount.
  • These types of savings accounts are for those who are able to contribute more and are wanting a higher interest-bearing account.
• If your balance falls below the minimum required to earn the rate of interest you were requesting, you will be given the minimum interest that a standard Premier Money Market(MMDA) Account earns, 0.04% MPY(Monthy Percentage Yield).
• Premier Money Market(MMDA) Accounts are limited to no more than 10 withdrawals within a revolving 30-day period.
  • If you go over this amount, you are subject to a $250 fee for each excessive withdrawal.
• You will be given 3 warnings of the excessive withdrawals.
  • Each warning will be issued via forum pm at the end of each week(Saturday) an excessive withdrawal occurs.
  • On the 3rd warning, your account will be closed 30 days from when it is issued.

Spoiler: Shareholder Equity Account Terms

When applying to be a Shareholder -

• The lowest one can invest is $10,000 which is equal to 1 share.

• The minimum requirement to be a board member is to have invested $100,000+(the purchase of 10 shares).*

• The rate of profit from a will range from 0.05%-25% of each loan taken, depending on the number of shares you hold in the bank.

• Any investor is free to pull out at any time but must be an investor for 2 weeks to receive any profit. Dividends are distributed at the end of each month.

• Players who apply between the 1st-10th of each month, your interest accrual(profits gained) will begin that month.

• Players who apply between 11th-31st(this also applies for months that have 28, 29, and 30 days), must wait until the following month to have interest accrue.

*Note that membership requirements to the board of investors are subject to change.*

(viii) Star-Tool Payment Plans
Star-Tool Payment Plans are available at AAUB! Why go through the hassle of having to apply for a loan that could cost you almost $2,000,000ECD or if you are not able to afford the tool upfront when you could have a payment plan Instead? After much contemplating and seeing a few loans going out for Star-Tools, it was decided that this would give an opportunity for people to save some money and have one flat rate on a Star-Tool with a timeframe no longer than 16 weeks(4 months)*.
The steps in this leasing are as follows:

• Apply for the Leasing Program via forum pm to @_Royal_Vulpes_.
• Agree to the terms and conditions of the lease.
• Make a minimum 10% down payment on the total amount of the lease as to ensure good faith.
• Once the contract is accepted by ECC Staff, AAUB will purchase the Star-Tool from your confidential seller.
• Receive your leased Star-Tool and begin making money to pay it off!
• Current Available Star-Tools for sale at AAUB: Star Hoe and a god Crossbow(Glorified Star Crossbow) (Private Message @_Royal_Vulpes_ with offers)

*The maximum amount of time is at the bank's discretion

Spoiler: [a] Star-Tool Payment Plan Terms

When filling out an application for the Star-Tool Lease-

• You must ONLY send the application via forum pm to @_Royal_Vulpes_ in order to keep the seller's name private, and your price private as well.
• Once the contract is accepted by ECC Staff and you have made the minimum 10% down payment of the total amount, you will receive the Star-Tool
• The Star-Tool will remain under the ownership of @_Royal_Vulpes_ until it is paid off. The ownership will then be transferred to you.
• We can only offer a timeframe of up to 16 weeks* max as of now for a payment timeframe and a one-time interest charge of 10%.

*The maximum amount of time is at the bank's discretion

(ix) Star-Tool Rental Service [Temporarily Discontinued]
With the ever-growing demand for Star-Tools and the amazing income that one tool can generate when in use, AAUB is now going to be offering to rent out Star-Tools!

What tools do we have available?

• 0x Star/god* Star Rods
  
  Spoiler: Rates

  Rates-
  1 Day - $40,000ECD
  1 Week - $200,000ECD

• 0x Star/god* Efficiency 10 Axes
  
  Spoiler: Rates

  Rates-
  1 Day - $20,000ECD
  1 Week - $100,000ECD

• 0x Star/god* Efficiency 10 Shovels
  
  Spoiler: Rates

  Rates-
  1 Day - $20,000ECD
  1 Week - $100,000ECD

• 0x Star/god* Hoes
  
  Spoiler: Rates

  Rates-
  1 Day - $80,000ECD
  1 Week - $500,000ECD

• 0x Star/god* Melon Swords
  
  Spoiler: Rates

  Rates-
  1 Day - $60,000ECD
  1 Week - $300,000ECD

*Keep in mind that all "god" tools are no different than regular Star-Tools. The only difference is that they just have the "god Lore."


Application Formats-


Donation Features--

Spoiler

What is your In-game name?:

What donation feature are you requesting and the price of the feature?:

What form of payment are we using? (payment plan or one full payment):

How long will it take you to pay off your payment plan?:

Do you understand when applying for any of our services, and depending on how many people apply, you will have to wait in the order your application was received?:

Loan/Mortgages--

Spoiler

What is your In-game name?:

What is your current rank(depending on your credit behavior/risk, rank, or donation status, you may be limited to the amount you can take out)?:

Are you requesting a loan or a mortgage?:

Do you have any pending loans or debts at the moment?:

How much are you requesting for the loan?:

How long will it take you to pay off your loan(consider interest)?:

What is your reason for requesting a loan?:

Do you agree to our terms and conditions of our services?:

Do you understand when applying for a loan, we will have to have a contract made and approved, and no one will be exempted from having a contract filled out for a loan, no matter the price?:

Finally, do you understand that depending on how many people apply for a loan, and depending on how much funds we have, you may have to be put on a waitlist in the order your loan was received?:

Lockboxes-- [Temporarily Unavailable]

Spoiler

What is your in-game name?:

What type of lockbox are you applying for(1x2 or 1x1)?:

How many weeks are you applying for(max amount of time is 16 weeks at a time)?:

Are you going to be sharing this lockbox? If not, how many others will you need to be added?:

Do you understand the terms and conditions to the rental of our lockboxes?:

Do you understand when applying for any of our services, and depending on how many people apply, you will have to wait in the order your application was received?:

Investment Account--

Spoiler

What is your in-game name?:

What type of investment account are you requesting? If it is a Certificate of Deposit Account, how long will you want your money invested?:

How much are you wanting to invest in your type of investment account?:

Do you understand the terms and condition of the type of account you are applying for?:

For the safety of your money and the safety of the bank, do you understand that you will need to have a forum contract?:

Do you understand depending on how many people apply, you will have to wait in the order your application was received?:

Shareholder Equity Account--

Spoiler

What is your in-game name?:

How much are you wanting to invest?(Investments $100,000ECD+ qualify for board member):

If you were to be acceptable in the board of investors, what changes or ideas would you like to bring to our bank?:

Are you willing to participate in making a decision for the bank when an idea is brought before the board?:

Do you understand depending on how many people apply, you will have to wait in the order your application was received?:

Star-Tool Payment Plan--

Spoiler

[!WARNING!] Please submit your Star-Tool Request application via Forum pm to @_Royal_Vulpes_ for confidential purposes! The seller and his price must be kept confidential for AAUB and the Seller's best interests.

What is your In-game name?:

What is your current rank(depending on your credit behavior/risk, rank, or donation status, your credit risk fee will vary)?:

Do you have any pending loans or debts at the moment?:

What is your Seller's In-game name?:

What Star-Tool are you requesting and the price of the item?:

How long will it take you to pay off your payment(consider interest)?:

Do you agree to our terms and conditions of our services?:

Do you understand when applying for a loan, we will have to have a contract made and approved, and no one will be exempted from having a contract filled out for a payment plan, no matter the price?:

Do you understand when applying for any of our services, and depending on how many people apply, you will have to wait in the order your application was received?:

Star-Tool Rentals--

Spoiler

What is your In-game name?:

What Star-Tool are you requesting to rent?:

How long will you want to rent the Star-Tool for?:

Do you understand and accept the terms and conditions of the Star-Tool Rental?:

Do you understand that if the Star-Tool you request is unavailable that you may be placed into a queue and you will receive the tool requested in the order your application is in?:

***Disclaimer*** Austro-Aurora United Bank[AAUB] will hold the full rights to deny an application for any reason because we need to be responsible lenders and we want to protect our investors. Any unrealistic or immature application or attempt to post anything irrelevant to business with AAUB that is posted here will be taken as an act of Trolling/Harassment/Slander.

 

Thank you for pointing that out!

 

***UPDATE***
Donation feature terms have been updated!

 

$1 million ECD is currently available. For Loans @Ethannnnnn

 

~Loan Accepted(will be set 1st on a reserve list for next feature sell time, Nov. 30th, 2018)

 

~Loan Accepted

 

~Loan Accepted

 

~Donation Feature Request Application Accepted @techy88

 

@Awesomah
~Donation Feature Request Application Accepted @Awesomah