b'11. Finance Charges on Account Balance\nA FINANCE CHARGE computed on a monthly periodic rate (\xe2\x80\x9cMPR\xe2\x80\x9d)\nwill begin to accrue for new Purchases, if you do not pay the New\nBalance in full within 25 days after the billing date of the statement on\nwhich the new Purchases first appear. A FINANCE CHARGE computed\non a monthly periodic rate (\xe2\x80\x9cMPR\xe2\x80\x9d) will begin to accrue on the transaction\ndate of Cash Advance(s) or Purchases (except as provided above), or\nthe first day of the billing cycle, whichever is later, and will continue to be\nimposed until you have paid any outstanding balance in full. The Credit\nUnion calculates the FINANCE CHARGE as follows:\na. The FINANCE CHARGE will be figured by applying the monthly\nperiodic rate of your Account, indicated in the following schedule, to the\naverage daily balance of Purchases and Cash Advances. The monthly\nperiodic rate and ANNUAL PERCENTAGE RATE (APR) to be used is\ndetermined by the Account applied for or approved by us pursuant to the\nterms of your application.\nAPR\nMPR\n\n10.85%\n.904%\n\n11.85%\n.988%\n\n14.85%\n1.24%\n\n16.85%\n1.40%\n\n17.90%\t\t\n1.49%\t\t\n\nThe APR and MPR are variable and are based on individual\ncreditworthiness and our underwriting standards. Your actual rate will be\nset forth in your monthly statements.\nYou may consult with one of our loan officers regarding the category\nassigned after evaluation of a completed application for our Credit Card.\nYour APR will be set forth in each monthly statement.\nb. To get the total average daily balance on your Account, we take the\nbeginning balance of your Account each day, add any new Purchases and\nCash Advances, unpaid Finance Charges, current late payment fees, any\nannual fee, if applicable, and other fees, and subtract any payments or\ncredits. This is your daily balance. Then we add up all the daily balances\nfor the billing cycle and divide their total by the number of days in the\nbilling cycle. This gives you the average daily balance. This determines the\nbalance subject to the FINANCE CHARGE.\nThe Credit Union, in its sole discretion, may change the Monthly\nPeriodic Rate and ANNUAL PERCENTAGE RATE from time to time. Any\nchange in the Finance Charge shall apply both to the outstanding balance\nand any new Purchase and Cash Advances. If the current effective rates\nare different, they are disclosed on an enclosed/attached insert.\n12. Promotional Finance Charges\nFrom time to time and in our sole discretion we may offer a special rate\napplicable to certain transactions such as particular purchases (as defined by\nus), Balance Transfers or Cash Advances. Applicable terms and conditions\nwill be disclosed at the time any such promotion is offered, and are\nincorporated into this Agreement by reference. The promotional rate will\napply only to the transactions and for the period of time set forth in any\nsuch offer from us. Existing balances and new purchases or advances not\nexpressly subject to any such promotion will remain governed by the terms\nand conditions of this Agreement. In addition, the terms and conditions of\nthis Agreement will govern your obligations regarding any unpaid balance\nor transactions that are made subject to any such promotional offer, that\nare not fully paid within the time period set forth in such promotional offer.\n13. Interest Rate Adjustment (Default Rate)\nFounders Federal Credit Union will adjust the interest rate on your\nAccount whenever your Account is three Minimum Payments past due.\nWe will change the interest rate to a variable rate of 17.9% ANNUAL\nPERCENTAGE RATE, which is a monthly periodic rate of 1.49% on the\nfirst day of the billing cycle following the cycle that was three (3) Minimum\nPayments past Due. After six consecutive billing cycles of your Account\nbeing paid pursuant to the terms of your agreements with the Credit Union,\nwe will change the interest rate to the rate that is then applicable to your\nAccount, which will become effective on the first day of the billing cycle\nfollowing the sixth consecutive billing cycle.\n14. Monthly Statement\nWe will send you a monthly billing statement whenever there is\nactivity on your Account. Your monthly statement will show an itemized\nlist of current charges (Purchases and Cash Advances) to your Account,\nyour new balance, any Finance Charges, the Minimum Payment Due, and\nthe payment due date. In addition, it will show your current Credit Limit,\npayments, and credits, a summary showing your Purchases and Cash\nAdvances, the merchant, electronic terminal or financial institution at which\n\ntransactions were made, as well as other information concerning your\nAccount. Sales, Cash Advance, credit or other slips cannot be returned\nwith any statement. You will retain a copy of such slip furnished at the time\nof the transaction in order to verify your monthly statement.\neStatements: If provided electronically, you will be sent a notice via\nemail that will direct you to a site we maintain or cause to be maintained\nwhere you may access, review, print and otherwise copy/download your\nperiodic statements using procedures that we authorize. Emails from us\nwill be sent to the email address provided by any owner.\n15. Merchant Disputes/ATM\nThe Credit Union is not responsible for the refusal of any merchant or\nfinancial institution to honor your Card except as set forth in the Special\nRules for Credit Card Purchases set forth at the end of this Agreement.\n16. Additional Benefits/Card Enhancements\nThe Credit Union may from time to time offer additional services to\nyour Account, such as travel accident insurance, purchase rewards or\nrebates at no additional cost to you. You understand that the Credit Union\nis not obligated to continue or to offer such services and may withdraw\nor change them at any time. If these benefits are withdrawn prior to any\naccrued use by you, the Credit Union will have no obligation to provide\nthe benefit or enhancement, or any other compensation or consideration.\n17. Skip Payment Option\nAt our option, we may offer you the opportunity to not make (\xe2\x80\x9cskip\xe2\x80\x9d)\na Minimum Payment during certain designated billing cycles (\xe2\x80\x9cskip\npayment period\xe2\x80\x9d). If you do not make your Minimum Payments as provided\nin this Agreement, during such designated billing cycles, you understand\nthat we will continue to apply Finance Charges to your Account. Beginning\nwith the billing cycle following an allowed skip payment period, all other\nprovisions of this Agreement will apply. We have no obligation to accept\nyour application for any skip payment period offered, and you authorize\nus to investigate your creditworthiness including obtaining consumer\ncredit reports. We may charge you an application processing fee of up to\n$35 for each skip payment period that we may offer to cover our costs of\ninvestigating your qualifications for this extension including but not limited\nto the costs associated with researching your creditworthiness.\n18. Late Payment Fee\nCredit Union will charge your Account a late payment fee of up to $32\nfor each billing period in which your Minimum Payment is not received by\nthe statement closing date. This fee will be added to your Account Balance.\n19. Returned Payment or Insufficient Funds Fee\nCredit Union will charge your Account up to a $32 fee if your payment\nby any method, including check, electronic transfer, home banking\ntransaction or otherwise, is not honored, collected by us, or if we must\nreturn it to you because it cannot be processed for any reason. This fee\nmay be added to your Account Balance, or collected from you on demand.\n20. Charge for Copies and Research\nIf you ask for a copy of any document, such as a sales slip or billing\nstatement, a charge of $20 per hour may be imposed for the time it takes\nto research and locate the document. In addition, a copying fee of $2 per\ncopy will be imposed. However, no charge will be imposed in connection\nwith any actual or asserted billing error.\n21. Your Responsibility and Liability for Unauthorized Use and Lost\nor Stolen Cards\nIf your Card is lost or stolen, or if you believe someone used it\nwithout your permission, you must notify the Credit Union at once by\ncalling 1-800-845-1614, or providing written notice to: Founders Federal\nCredit Union, 737 Plantation Road, Lancaster, South Carolina 29720. If\nnotice is given orally, you will promptly confirm it in writing. The Credit\nUnion may require you to provide us certain information in writing to help\nus investigate any unauthorized use. Further, you agree to cooperate\nand assist us or any government or law enforcement agent or agency in\ninvestigating, collecting or pursuing any other rights (civil and criminal)\nrelating to any unauthorized use. In this regard, you agree to file an\nappropriate police report when asked to do so. Do not use the Card after\nyou have notified the Credit Union, even if you find them or have them\nreturned to you.\nYou are liable for all transactions that you authorize. No Liability: You\n\nwill have no liability for unauthorized use of your Card or other Access Devices for non-ATM transactions made over the \xe2\x80\x9cVisa Network\xe2\x80\x9d if the following\nconditions are met: (1) You have not been negligent; and (2) You have not\ncommitted, participated in or conspired to commit any fraudulent act or\nscheme involving the use of your Credit Card Account. Limited Liability: For\ntransactions on other networks or ATM transactions, you may be liable for\nunauthorized transactions using your Card or other Access Devices that occur\nbefore we are notified. However, your liability for unauthorized use on networks\nother than Visa will not exceed $50. In any case, you will not be liable for any\nunauthorized use after notifying us of the loss, theft or unauthorized use of your\nCard or other Access Devices.\n22. Default\nYou will be in default if: (a) you fail to pay the Minimum Payment Due\nby the Payment Due Date; (b) the Credit Union, in its sole discretion, feels\ninsecure (For example: Our good faith belief that your ability to pay your acount\nis impaired; use of your Account in any manner or in any way that may expose\nthe Credit Union to a risk of loss; etc); (c) your ability to repay is materially\nreduced by a change in your employment, by an increase in your obligations,\nby bankruptcy or insolvency proceedings involving you, by your death, or (for\ncommunity property state residents only) by a change in marital status or\ndomicile; (d) you exceed your Credit Limit without our permission; (e) you have\nmade a false or misleading statement to us in your application or otherwise; (f)\nyou are in default under any other agreement with us; (g) if you use or authorize\nthe use of any Card(s) to make or facilitate any illegal transaction; or (h) you fail\nto perform any of your other obligations under the terms of this Agreement as it\nmay be amended. Upon default we may close your Account to future purchases\nand advances and, to the extent not prohibited by Governing Law, demand\nimmediate payment of your entire Account Balance, after giving you any notice\nand opportunity to cure the default if required by applicable law. The Credit\nUnion\xe2\x80\x99s sole obligation hereunder with regard to determining and declaring\nan event of default is the exercise of \xe2\x80\x9cgood faith,\xe2\x80\x9d based on its subjective\nunderstanding of applicable facts and law. We shall also have the right to close\nyour Account and terminate access privileges where your Account is inactive for\nsuch periods of time as we may from time-to-time determine to be appropriate\nfor protecting both our and your interests.\n23. Collection Costs\nYou agree to pay all costs incurred by the Credit Union in collecting any\namounts you owe or in enforcing or protecting the Credit Union\xe2\x80\x99s rights under\nthis Agreement, including attorneys\xe2\x80\x99 fees of 15% of the unpaid balance or\nsuch greater sum as may be reasonable, and also those costs, expenses and\nattorneys\xe2\x80\x99 fees incurred in any appellate, bankruptcy and post-judgment\nproceedings, except as limited or prohibited by applicable law.\n24. Updating and Disclosing Financial Information\nWe may report your performance under this Agreement to credit reporting\nagencies and secure follow-up credit reports on you for any legitimate\nbusiness reason, including if you fail to make your Minimum Payments on\ntime. We can reinvestigate and reevaluate any information you provide on your\nCredit Card application at any time, and in the course of doing so, we may\nask you to provide additional information, request credit bureau reports and/or\notherwise verify your current credit standing. Access to Account Information: You\nagree that all borrowers and authorized users will have access to information\nregarding transactions on your Account, including but not limited to Purchases\nand Cash Advances, Account Balances, Account History, Payments and other\ninformation relating to or arising with regard to this Account or any transaction.\n25. Correcting the Credit Union\xe2\x80\x99s Credit Report\nIf you think the Credit Union reported erroneous information about you to\na credit reporting agency, call the Credit Union at the telephone number listed\non your monthly billing statement. Credit Union will promptly investigate the\nmatter. Credit Union will contact each credit reporting agency whose records\nmay reflect an error. Credit Union will require them to correct your report if its\ninvestigation decides that you were correct. If Credit Union disagrees with you\nafter the investigation, Credit Union will advise you, in writing or by phone, and\ninstruct you how to submit to those agencies a statement of your position that\nwill become a part of your credit record with them. The instructions will include\nthe name, address, and phone number of each such agency, along with other\npertinent information.\n26. Closing Your Account\nAny individual cardholder without the consent of other cardholders, may\nclose your Account at any time by notifying the Credit Union in writing. Credit\n\nUnion may close your Account or suspend your Card privileges at any time\nwithout prior notice. Credit Union may also reissue a different Card or different\nchecks at any time. You must return the Card to the Credit Union upon request.\nYou agree that the Card remains the property of Credit Union. Each Card we\nissue will have an expiration date. Upon expiration of your Card your Account\nwill automatically terminate; or the Credit Union, in its sole discretion, may\nextend your Agreement and issue a new Card with a new expiration date. If your\nAccount is closed, expires or your credit privileges are terminated or suspended,\nyou will remain responsible for paying all amounts you owe us according\nto the terms of this Agreement. Without limiting the foregoing, the Credit\nUnion has the right to terminate your line of credit or any part of the services\nprovided persuant to this Agreement and to demand the return of all Cards,\nAccess Checks and other access devices if the Credit Union, in its sole discretion,\nfeels that it is insecure for any reason whatsoever; including but not limited\nto mismanagement of your Account, failing to safeguard any access device,\ncreation of any credit balances by you that may increase the risk of loss or\nexposure of the Credit Union or failing to cooperate with the Credit Union or\nothers with regard to any claim of unauthorized use or any other defense to\npayment under applicable law.\n\nalso be subject to all rules and regulations of Visa U.S.A., Inc. as applicable.\nIf there is any conflict between this Agreement and the rules and regulations\nof Visa U.S.A., Inc. the rules and regulations of Visa U.S.A., Inc. will control.\n\n27. Changing This Agreement\nThe Credit Union may change the terms of this Agreement, including the\nAnnual Percentage Rate, at any time. Except where limited by applicable law,\nthe new terms, including, but not limited to, increasing the finance charge or\nthe way the Credit Union calculates finance charges, late charges, and the\nMinimum Payment Due, will apply both to new purchases and cash advances\nand to the existing outstanding balance of your Account as of the day of the\nchange. In accordance with applicable law, the Credit Union will notify you of\nany increased charge or change by writing to you at the most recent address\nshown for you on the Credit Union\xe2\x80\x99s records.\n\n33. CURewards\xc2\xae\nThe Credit Union Rewards program is subject to the terms, conditions\nand limitations set forth in CURewards (R) Program Rules which is\nincorporated herein by reference. Access your account at curewards.com or\ncall 1-800-845-1614 for a complete list of program rules.\n\n28. Delay in Enforcement/Waivers\nThe Credit Union may delay or waive enforcement of any of the\nprovisions of this Agreement, including any agreement to make timely\npayments, without losing its right to enforce the same provision later or any\nother provisions of this Agreement. You waive the right to receive notice\nof any waiver or delay or presentment, demand, protest or dishonor. You\nalso waive any applicable statute of limitations to the full extent permitted\nby law and any right you may otherwise have to require the Credit Union to\nproceed against any person before suing you to collect. You understand that\nthe Credit Union will not be liable for a merchant\xe2\x80\x99s or other parties\xe2\x80\x99 refusal to\nhonor your Card whether due to an error by the Credit Union, the merchant,\nthe Credit Union\xe2\x80\x99s authorized agent, or other third party.\n29. Change of Name, Address or Employment\nYou will notify immediately the Credit Union in writing if your name, home\naddress, or employment changes.\n30. Additional Terms of Credit Card Agreement\nTo the extent not prohibited by applicable law, the terms, interpretation\nand enforcement of any claim or dispute arising under this Agreement, as\nwell as all parties\xe2\x80\x99 rights and duties, will be governed by South Carolina\nlaw regardless where you may reside or use your Account. Further,\nthis Agreement is the contract which governs all transactions on your\nAccount even though sales, Cash Advances, credit or other slips may\ncontain different terms. You may not transfer or assign your Account or Card\nto any other person. The Credit Union may assign or transfer this Account,\nyour Account balance, or this Agreement to another person, who will have all\nof our rights hereunder. This Agreement is binding on your heirs and legal\nrepresentatives. If there are joint obligors or authorized users for this credit\nplan, each of you will have the right to use the Account to obtain loans pursuant\nto the terms hereof. Any one obligor\xe2\x80\x99s elections, transactions and directions\nto the Credit Union shall be binding upon all obligors. Each of you will be\nliable for all obligations owing on the Account whether borrowed by you or\notherwise and whether within or beyond the Credit Limit. Your liability will be\njoint and several. Either party has the right to cancel this Agreement. Further\neach of you are responsible for all amounts borrowed by any authorized\nuser(s). Authorized users and other users may also be required to repay\nthe amount owed for charges they make; however, you remain, at all times,\nprimarily responsible for all amounts owed. All Cards, billing statements and\nnotices will be mailed or delivered to the address given on the application\nfor either applicant unless you direct otherwise in writing. If any law or\njudicial ruling makes any provision of this Agreement unenforceable, the other\nprovisions will remain in full force and effect. You agree that your Account will\n\n31. Convenient Payment Option\nIf you requested the Convenient Payment Option in your Application,\nall Minimum Payments due will automatically be deducted from your\ndesignated Checking or Savings Account on your Payment Due Date. If\nyour designated Account does not contain sufficient funds, no automatic\ndeduction will be made; we will bill you for the Minimum Payment Due; and\nyour Account will be charged up to a $32 insufficient funds fee and you will be\nresponsible for making the payment by some other means.\n32. Insurance\nIf you elect insurance, as set forth in your application, then the charges\nwill be added to your Account balance on each billing cycle, if your\ninsurance application is approved. Credit insurance is voluntary and not\nrequired to obtain a Credit Card Account with us. You have a right to terminate\nthis insurance at anytime by notifying us in writing.\n\n34. Compliance with Applicable Laws and Prohibition of Illegal\nTransactions\nYou warrant and agree that you will at all times comply with all Applicable\nLaws; and that your card and services are at all times subject to Applicable\nLaws. Further you warrant and agree that your Credit Card, other access\ndevice or any related Account will not be used to make or facilitate any\nillegal transaction(s) as determined by applicable law; and that any such use,\nincluding any such authorized use, will constitute an event of default under\nthis Agreement. Certain federal and/or state laws or Card Service Providers\xe2\x80\x99\nRules may limit or prohibit certain transactions such as (but not limited\nto) those coded as possible gambling transactions. The Credit Union may\ndecline to accept, process or pay any transaction that we believe to be\nillegal or unenforceable (regarding your obligation to pay us or otherwise)\nunder applicable law; or which is otherwise limited or prohibited, including\nbut not limited to any transaction involving or relating to any gambling activity.\nSuch prohibition or limitations may affect some otherwise proper or allowable\ntransactions such as charges incurred at a hotel-casino. You understand and\nagree such limitations/prohibitions are not within the Credit Union\xe2\x80\x99s control\nand that the Credit Union will not have any liability, responsibility or culpability\nwhatsoever for any such use by you or any authorized user(s); or for\ndeclining to accept, process, or pay any such transaction. You further agree\nto indemnify and hold the Credit Union harmless from any suits, liability,\ndamages or adverse action of any kind that results directly or indirectly from\nany such use of your Account and/or access devices.\n35. \xe2\x80\x9cElectronic Signature\xe2\x80\x9d Disclosure, Communications, Statements,\nAgreements and Notices\nYou specifically agree that the Credit Union may provide all disclosure,\nstatements, agreements, notices, amendments, revisions and other\ndocuments electronically. For instance, if you apply for any service on our\nWebsite, all agreements and disclosures will be made available to you\nelectronically. You will be able to download and/or print these disclosures,\nstatements, agreements and notices through an appropriate electronic\nterminal and/or printer. You should review all such disclosures, statements,\nagreements and notices, and keep them in a safe and convenient place.\nYou consent and agree that your use of a key pad, mouse or other device\nto select an item, button, icon or similar act/action while using any electronic\nservice we offer; or in accessing or making any transactions regarding any\nagreement, acknowledgment, consent, terms, disclosures or conditions\nconstitutes your signature, acceptance and agreement as if actually signed\nby you in writing. Further, you agree that no certification authority or other\nthird party verification is necessary to the validity of your electronic signature;\nand that the lack of such certification or third party verification will not in\nany way affect the enforceability of your signature or any resulting contract\nbetween you and the Credit Union.\nYou agree that we have no obligation, liability or responsibility\nto respond, act upon, or follow any instruction to us that is received\nelectronically, by email or otherwise, unless we are able to authenticate\n\nthe communication to our satisfaction. You further agree that the Credit\nUnion has no obligation or liability for acting upon any such instruction that\nit in good faith believes to be authentic. You further acknowledge and agree\nthat the Internet is inherently insecure; and agree that we have no liability or\nresponsibility for any loss, claim or damages that arises or in any way relates\nto our response(s) to any email or other electronic communication which we\nbelieve you have submitted to us.\n36. Recording Conversations\nYou understand and agree that for our mutual protection we may monitor\nand record any of our telephone conversations.\n37. VISA Account Updater (VAU)\nVAU is an account updating service in which your card is automatically\nenrolled. When your card(s) expire, are lost or stolen and new cards are\nissued, the service may update relevant card data (card numbers and\nexpiration dates) to appropriate merchants who participate in an effort to\nfacilitate uninterrupted processing of your recurring charges. This service\nprovides updates to a Visa database only. The database is accessed by\nthose qualified merchants seeking your account information after you have\nrequested they process a recurring payment or payments. This service is\nprovided as a free benefit to you. If at any time you wish to opt-out of the VAU\nservice or if you have any questions, please call 1-800-845-1614 to do so.\n38. Member Communication\nBy providing a telephone number(s) to us now or anytime at a later date,\nyou authorize us or our affiliates and designees to contact you regarding\nsuspicious activity at such number using any means, including but not\nlimited to text messages and pre-recorded voice calls, even if charges may be\nincurred for the calls or text messages by your wireless carrier. Carriers are not\nresponsible for undelivered messages.\n\nYour Billing Rights\nKEEP THIS NOTICE FOR FUTURE USE\nThis notice contains important information about your rights and our\nresponsibilities under the Fair Credit Billing Act.\nNOTIFY US OF ERRORS OR QUESTIONS ABOUT YOUR BILL.\nIf you think your bill is wrong, or if you need more information about a\ntransaction on your bill, write us (on a separate sheet) at the address listed on\nyour bill. Write to us as soon as possible. We must hear from you no later than\n60 days after we sent you the first bill on which the error or problem appeared.\nYou can telephone us, but doing so will not preserve your rights.\nIn your letter, give us the following information:\n- Your name and Account number\n- The dollar amount of the suspected error\n- Describe the error and explain, if you can, why you believe there is an error.\n- If you need more information, describe the item you are not sure about.\nIf you have authorized us to pay your Credit Card bill automatically from your\nSavings or Checking Account, you can stop the payment on any amount you\nthink is wrong. To stop the payment, your letter must reach us three business\ndays before the automatic payment is scheduled to occur.\nYOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR\nWRITTEN NOTICE\nWe must acknowledge your letter within 30 days, unless we have\ncorrected the error by then. Within 90 days, we must either correct the error or\nexplain why we believe the bill was correct.\nAfter we receive your letter, we cannot try to collect any amount you\nquestion, or report you as delinquent. We can continue to bill you for the amount\nyou question, including finance charges and we can apply any unpaid amount\nagainst your Credit Limit. You do not have to pay any questioned amount while\nwe are investigating, but you are still obligated to pay the parts of your bill that\nare not in question.\nIf we find that we made a mistake on your bill, you will not have to pay\nany finance charges related to the questioned amount. If we didn\xe2\x80\x99t make a\nmistake, you may have to pay finance charges, and you will have to make up\nany missed payments on the questioned amount. In either case, we will send\nyou a statement of the amount you owe and the date that it is due. If you fail\nto pay the amount that we think you owe, we may report you as delinquent.\nHowever, if our explanation does not satisfy you and you write us within 25\ndays telling us that you still refuse to pay, we must tell anyone we report you to\n\nthat you have a question about your bill and we must tell you the name of\nanyone we reported you to. We must tell anyone we report you to that the\nmatter has been settled between us when it finally is.\nIf we don\xe2\x80\x99t follow these rules, we cannot collect the first $50 of the\nquestioned amount, even if your bill was correct.\n\nM-132327\n\nSPECIAL RULES FOR CREDIT CARD PURCHASES\nIf you have a problem with the quality of property or services that you\npurchase with a Credit Card and you have tried in good faith to correct the\nproblem with the merchant, you may have the right not to pay the remaining amount due on the property or services. There are two limitations on\nthis right:\n(a) You must have made the purchase in your home state, or if not\nwithin your home state, within 100 miles of your current mailing address;\n(b) The purchase price must have been more than $50.\nThese limitations do not apply if we own or operate the merchant, or if\nwe mailed you the advertisement for the property or services. Further, the\nCredit Union has no liability for any tort or related claims arising from such\npurchases.\n\nState Law Disclosures\nNotice to New York and Vermont Residents: We may obtain your credit reports at\nany time for any legitimate purpose associated with the Account, and application or a\nrequest for an Account including but not limited to reviewing, modifying and collecting\non your Account. On your request we will inform you if such a report was ordered. If\nso, you will then be given the name and address of the consumer reporting agency\nfurnishing the report. New York residents may contact the New York State\nDepartment of Financial Services by telephone (1-877-226-5697) or by visiting their\nwebsite at https://www.dfs.ny.gov/consumers/banking_money for a comparative list of\ncredit card rates, fees and grace periods.\nNotice to Ohio Residents: Ohio laws against discrimination require that all creditors\nmake credit equally available to all creditworthy customers, and that credit reporting\nagencies maintain separate credit histories on each individual upon request. The Ohio\nCivil Rights Commission administers compliance with this law.\nNotice to Married Wisconsin Residents: No agreement, individual statement, or court\norder, applying to marital property will adversely affect the creditor\xe2\x80\x99s interest unless the\ncreditor, prior to the time credit is extended, is furnished with a copy of the agreement,\nstatement, or order, or has actual knowledge to the adverse provision when the\nobligation to the creditor has occurred.\nNotice to California Residents: Regardless of your marital status, you may apply for\ncredit in your name alone. After credit approval, you may use the Credit Card Account\nup to its credit limit. You will be liable for payment of all amounts extended under the\nplan to you, any joint applicant or authorized user. Further, a negative credit report\nreflecting your credit record may be submitted to a credit reporting agency if you fail to\nperform the terms of your credit obligations.\n\nFederally insured by NCUA.\nForm 4366\n\nM-132327\n\nVisa Signature Agreement and\nDisclosure Statement\n\n\x0cThe information about the costs of the card described in this application is accurate as of October 1, 2020.\nThis information may have changed after that date. To find out what may have changed, call 1-800-845-1614,\nvisit foundersfcu.com, or write Founders FCU, 737 Plantation Road, Lancaster, SC 29720.\n\nThe credit union will acquire a security interest in the property purchased with your Credit Card; and\ncollateral securing other loans with us may also secure this account. Also, you are giving us a security\ninterest in your shares and other deposits in the credit union.\n\nBilling Rights: Information on your rights to dispute transactions and how to exercise those rights is\nprovided in your account agreement.\n\nHow will we calculate Your Balance: We will use a method called \xe2\x80\x9caverage daily balance (including new\npurchases)\xe2\x80\x9d. See your account agreement for more details.\n\nLate Payment Fee: Up to $32\nReturned Payment Fee: Up to $32\nPenalty Fees\n\nCash Advance Fee: $0\nReceipt Copy Fee: $5\nExpedited Card Fee: $20\nTransaction Fees\n\nSet Up and Maintenance Fees\n\nFees\n\nNone\n\nBalance Transfer Fee: $0\nResearch Fee: $20/hr ($2 per copy)\n\nTo learn more about factors to consider when applying for or using a credit card,\nvisit the website of the Consumer Financial Protection Bureau at:\nwww.consumerfinance.gov/learnmore\nFor Credit Card Tips\nfrom the Consumer\nFinancial Protection\nBureau\n\nPaying Interest\n\nYour due date is at least 25-days after the close of each billing cycle. We will not\ncharge you any interest on purchases if you pay your entire balance by the due\ndate each month. We will begin charging interest on cash advances and balance\ntransfers on the transaction date.\n\nHow Long will the Penalty APR Apply? If your APRs are increased, the Penalty\nAPR will apply until you make six consecutive minimum payments when due; and\nyou do not again default on these conditions during this time.\n\n17.90%\n\nThis APR may be applied to your account if your account is three minimum\npayments past due (60 days).\n\nPenalty APR and\nWhen it Applies\n\nIntroductory APR for\nBalance Transfers\n\n2.85% to 6.85%\n\nIntroductory rates for first 6 month for qualified applicants based on your credit\nworthiness and applies to balance transfers made between 10/1/2020 and 12/31/2020.\nYour introductory rate will apply for 6 months from the date of the balance transfer.\nAfter 6 months your APR will vary with the market based on the Prime rate.\n\nThis APR will vary with the market based on the Prime rate.\n\nbased on your creditworthiness.\n\n10.85%, 11.85%, 14.85%, 16.85% or 17.90%,\n\nStandard ANNUAL PERCENTAGE\nRATE (APR) for Purchases, Cash\nAdvances and Balance Transfers\n\nInterest Rates and Interest Charges\n\nFounders Federal Credit Union Visa Signature Credit Card Disclosure\n\nSecurity For Advances and Purchases: The Credit Union will acquire a\nsecurity interest in the property purchased with your Credit Card; and\ncollateral securing other loans with us may also secure this Account.\nAlso, you are giving us a security interest in your shares and other\ndeposits in the Credit Union. This information was accurate as of the\nprinting October 1, 2020, and after that date is subject to change. For changes\nsince printing, call Founders Federal Credit Union at 1-800-845-1614 or\nwrite us at: Founders Federal Credit Union, 737 Plantation Road, Lancaster,\nSouth Carolina 29720.\nAGREEMENT AND DISCLOSURE\nThis is your Agreement and Disclosure Statement with Founders\nFederal Credit Union. Please read it carefully and keep it for your records. It\nsupersedes all prior agreements and disclosure statements relating to your\nAccount. You do not have to sign this Agreement. Your agreement to all of\nthese provisions, as amended from time to time including the Card issued by\nus, will be shown by your application for the Card, your acceptance of the\nCard, or your use of the Card, whichever occurs first.\nMILITARY LENDING ACT NOTICE\nFederal law provides important protections to members of the Armed\nForces and their dependents relating to extensions of consumer credit.\nIn general, the cost of consumer credit to a member of the Armed Forces\nand his or her dependent may not exceed an annual percentage rate of 36\npercent. This rate must include, as applicable to the credit transaction or\naccount: the costs associated with credit insurance premiums; fees for\nancillary products sold in connection with the credit transaction; any\napplication fee charged (other than certain application fees for specified\ncredit transactions or accounts); and any participation fee charged (other\nthan certain participation fees for a credit card account). To receive this\ninformation and a description of your payment obligation verbally, please call\n1-800-845-1614 during our normal business hours.\n1. Definitions\nIn this Agreement, the word \xe2\x80\x9cCard\xe2\x80\x9d means either one or more Visa\nCredit Cards and any duplicates, renewals or substitutions we issue. The\nwords, \xe2\x80\x9cyou,\xe2\x80\x9d \xe2\x80\x9cyour,\xe2\x80\x9d and \xe2\x80\x9cyours\xe2\x80\x9d mean all Cardholders (borrowers and\nco-borrowers); anyone any cardholder permits to use the Card(s); as well as\nany authorized user for whom an additional Card(s) is issued to the extent of\ntheir purchases and cash advances, as well as transactions by anyone they\npermit to use the Card(s). The word \xe2\x80\x9ccardholder\xe2\x80\x9d means any applicant or\nco-applicant to whom a Card is issued by us. The words \xe2\x80\x9cCredit Union,\xe2\x80\x9d \xe2\x80\x9cwe,\xe2\x80\x9d\n\xe2\x80\x9cus,\xe2\x80\x9d and \xe2\x80\x9cour\xe2\x80\x9d mean Founders Federal Credit Union. \xe2\x80\x9cApplicable Law\xe2\x80\x9d shall\ninclude: \xe2\x80\x9c(i) Visa U.S.A. Inc. Bylaws, Visa U.S.A. Inc. Operating Regulations,\nVisa U.S.A. Inc. Certificate of Incorporation, Visa International Bylaws, and\nVisa International Operating Regulations; and (ii) any and all laws, treaties,\nrules, regulations, or regulatory guidance of the government of the United\nStates, and any state thereof, or of any applicable foreign government or\nstate thereof, as the same may be amended and in effect from time to time.\n2. Pledge of Shares and Security Interest\nBy signing an application, acceptance or authorized use of any\nCredit Cards, you grant and pledge a consensual lien to us on all shares on\ndeposit as defined by your membership agreement to secure payment\nof your obligations on this account. In addition, you acknowledge our\nstatutory lien rights under the Federal Credit Union Act; you agree\nthat such a lien is impressed as of the date that this account is\nopened; and you agree that we can apply the shares pledged at the\ntime of any default on this account without further notice. \xe2\x80\x9cShares\xe2\x80\x9d\nfor the purpose of your pledge to secure your obligations to the\nCredit Union means all deposits in any savings, checking, share\ndraft, club, certificate, P.O.D., revocable trust or custodial account(s),\nwhether jointly or individually held \xe2\x80\x93 regardless of contributions,\nthat you have on deposit now or in the future. Your pledge does\nnot include any I.R.A., Keough, tax escrow, irrevocable trust or\nfiduciary account in which you do not have a vested ownership interest.\n\nSECURITY AGREEMENT: Payments on your Account are secured by\nany security interest in any property securing your other obligations to the\nCredit Union, whether existing now or in the future, except your household\ngoods and your primary residence. Further, you hereby grant Credit Union\nsecurity interest in all property purchased through this credit plan, including\na purchase-money security interest in any household goods purchased\nwith an extension of credit upon this Account. These Purchase-Money\nSecurity Interests shall secure faithful performance of all obligations\narising under this Agreement; and the Credit Union shall have all of the\nrights of a secured party in accordance with Article Nine of the Uniform\nCommercial Code and/or other applicable law.\nMilitary Lending Act Partial Exception: If you or your dependents are\nexpressly covered and entitled to the protections provided by the\nMilitary Lending Act then any provisions of the Agreement (below) that\naddress the items expressly excepted in any section to the contrary also do\nnot apply to such Loans.\n3. How to Use this Account\nYou must sign the Card in order to use it. You can purchase or lease\ngoods and services (\xe2\x80\x9cPurchases\xe2\x80\x9d) from any merchant who honors your\nCard up to your Maximum Credit Limit by presenting your Card and\nsigning a sales slip for the amount of the Purchase. You may also use\nthe Card to obtain cash loans (\xe2\x80\x9cCash Advances\xe2\x80\x9d) up to the lesser of your\nestablished credit limit or $5,000.00 from financial institutions that\naccept a Visa Credit Card. Funds advanced from your credit card for Balance\nTransfers and at ATMs are considered Cash Advances and will decrease\nyour Available Cash amount. See your monthly billing statement for your\nAvailable Cash amount. At our discretion, we may change your limits for cash\nadvances. We will notify you if we do through your monthly billing statement.\nYou agree not to present your Card or obtain a Cash Advance for any extension\nof credit in excess of your available Credit Limit (the difference between your\noutstanding balance and your Maximum Credit Limit) on your Account.\nCertain purchases and cash advances will require an authorization\nprior to completion of the transaction. In some cases, you may be asked to\nprovide identification. If our system is not working, we may not be able to\nauthorize a transaction, even though you have sufficient credit available.\nAlso, for security reasons, we may block the usage of your Card in certain\ncountries or geographic areas. We will not have any liability to you or others\nif any of these events occur.\nYou authorize us to honor any Purchase or Cash Advance you make\nby telephone or mail on this Account. You agree that a signature is not\nnecessary as identification in such cases. We reserve the right to refuse to\nhonor any request for credit, to reduce your Credit Limit or terminate your\nAccount at any time using our sole discretion, based on changes in the\neconomy, the Credit Union\xe2\x80\x99s financial condition, your creditworthiness or for\nany other reason not prohibited by law.\n4. ATM Access\nIf you have received a personal identification number (PIN), you may\nuse your Card and PIN to obtain Cash Advances at any Automatic Teller\nMachine (\xe2\x80\x9cATM\xe2\x80\x9d) that accepts your Card. Your PIN is confidential and should\nnot be disclosed to anyone. You agree not to write your PIN on your Card,\nyou will not keep your Card and PIN together, and you will not provide your\nPIN to anyone who is not an authorized user. Except as otherwise provided\nin this agreement, advances through ATM access will be treated as Cash\nAdvances under this Agreement. Advances at authorized ATM\xe2\x80\x99s are limited\nto a total of $500 during any 24-hour period. The total of all cash advances on\nyour Account and any withdrawals from your other Accounts through an ATM\nin any 24-hour period may be combined for the purpose of this limitation.\nWe are not responsible if any ATM does not have enough cash for your\ntransaction or is not in proper working order.\nAlthough we do not charge a fee for this service, others may. Owners\nof ATMs that we do not own may charge fees in addition to any fees\ndisclosed in this Agreement. This is not a fee charged by your Credit\nUnion; however, any such fee will be added to your Account. The party\ncharging the fee is required to provide appropriate disclosures to you with\nregard to any such fees.\n5. Maximum Credit Limit\nYour Maximum Credit Limit and your Cash Revolving Credit Line (Cash\nAdvance Limit) will appear on your monthly statement. At our discretion, we\n\nmay change your Credit Limits at any time, and may provide separate limits for\npurchases and for cash advances. We will notify you if we do, either by mail or through\nyour monthly billing statement. You may request a change to your Credit Limit by\ncontacting the Credit Union by telephone or mail. Your continued use of the card\nwill show your agreement to any such increase. If you object to an increase in\nyour Credit Limit, you must notify Credit Union in writing. Upon receipt of such\nnotice, your Credit Limit will be reduced to its prior limit; however, you will be\nresponsible for paying any amounts by which you have exceeded the reduced\nlimit. You agree to pay any amounts you owe that exceed your Maximum Credit\nBalance upon demand.\nYou agree we are not obligated to extend to you credit for any amount that\nwould cause your outstanding balance to exceed your Maximum Credit Limit,\nor for any amount if your outstanding balance already exceeds your Maximum\nCredit Limit. Any increase in your Maximum Credit Limit requested by you will\nrequire you to make a written application for our approval. In assessing any\nincrease to your Credit Limit under the provisions in this Section (either at our\ndiscretion or upon request): (a) we may and you authorize us to review your\ncredit history, including consumer credit reports; (b) you authorize us to have\nthis review made by third parties to determine whether you meet the criteria we\nhave set for such an increase; and (c) this process shall not be pre-screening\nunder the Fair Credit Reporting Act or other applicable laws or regulations\nbased on our existing relationship and this Agreement.\nCredit Balances in excess of $1 will be refunded upon your written\nrequest or automatically after six months by depositing the Credit Balance to\nyour savings Account or by mailing a check to the address to which statements\nare provided payable to the order of any cardholder. You agree that the\nMaximum Credit Limit will at no time exceed the agreed upon amount, and that\nany Credit Balance will not be available or increase the Maximum Credit Limit\navailable for new purchases or cash advances during any billing cycle.\n6. Payments\nYou will be jointly and severally liable and agree to pay the Credit Union for\nall charges (purchases, cash advances, finance charges, and other charges\nadded to your Account under the terms of this or any other agreements with\nus) extended to you or anyone else using any Card issued for your Account,\nunless the use of such Card is by a person other than you, who does not have\nactual, implied or apparent authority for such use and from which you receive no\nbenefit. Authority includes, but is not limited to, any authorized user\xe2\x80\x99s permitting\nanother person to use any Card(s). Further, all users are obligated to us for all\ncharges they make, authorize or permit.\nThe Credit Union can accept late or partial payments as well as payments\nthat are marked with \xe2\x80\x9cpaid in full\xe2\x80\x9d or other restrictive endorsements, without\nlosing any of our rights under this Agreement. If you pay more than the\nMinimum Payment Due, we will allocate the excess amount to your Account\nbalance with the highest annual percentage rate. You must pay the Credit\nUnion in U.S. dollars drawn on funds on deposit in the United States. If you\nmake payment with other currencies or from an institution domiciled outside\nthe United States, then your payment will not be credited until the funds have\nbeen collected by us in U.S. dollars. The Credit Union will determine the\nmethod of applying payments and credits to your Account.\nIf you have a promotional rate balance on your Account, Founders will\nallocate payments/credits to your Account as follows: Minimum Payments Due\non your Account will be applied first to pay balances incurred during the lowest\nAPR promotional period still in effect on your Account. Payments in excess of\nthe Minimum Payment Due will be applied first to pay balances incurred during\nthe highest APR period still in effect on your Account. Applicable terms and\nconditions, which are disclosed at the time any such promotion is offered, shall\nsupersede the terms outlined under \xe2\x80\x9cPayments\xe2\x80\x9d in the Credit Card Agreement\nand Disclosure Statement.\nUnless otherwise required by specifically applicable laws, for payments\nreceived by mail by 5:00 PM EST, you will receive credit that day; and for\npayments made in any other manner, including in person, your Account will be\ncredited the day payment is received.\nYou authorize us to honor any Purchase or Cash Advance you make by\ntelephone or mail on this Account. You agree that a signature is not necessary\nas identification in such cases. We reserve the right to refuse to honor any\nrequest for credit, to reduce your Credit Limit or terminate your Account at any\ntime using our sole discretion, based on changes in the economy, the Credit\nUnion\xe2\x80\x99s financial condition, your creditworthiness or for any other reason not\nprohibited by law.\nTo protect you and us, the Credit Union, in its sole discretion, may place a\ntemporary freeze on the credit available to you under this agreement any time\nthe Credit Union receives a large payment ($500 or more), by a method other\n\nthan cash. In such cases, the Credit Union may freeze your credit line until\npayment is actually collected by us.\n7. Minimum Payment Due\nYou can pay off your Account balance in full each month or you can\npay in monthly installments. If you do not pay your balance in full, you\nagree to pay at least a Minimum Payment of 2% of your new balance\n(rounded to the nearest whole dollar) or $25, whichever is greater. If\nthe new balance shown on your periodic statement is $25 or less, you\nagree to pay this amount. Unless the Credit Union takes other action as\na result of a default under this Agreement, the Minimum Payment Due\nwill also include any amount that is past due and any amount by which\nyour new balance exceeds your Credit Limit. Payments and credits will\nbe applied first to pay billed but unpaid finance charges, late charges,\nand similar charges and next to pay cash advances and purchases. You\nmust pay at least the Minimum Payment each month, but you may pay more\nthan that amount at any time without a penalty. The sooner you pay your new\nbalance, the less you will have to pay in finance charges.You may pay your entire\nAccount balance at any time without penalty.\nGrace Period For Repayment Of The Balance For Purchases:\nGrace period for repayment of the balance for purchases is approximately\n30 days from the close of the billing cycle. There is no grace period for\ncash advances or balance consolidations. See your statement for billing\ncycle date.\n8. Returns and Adjustments\nMerchants and others who honor your Card may give credit for returns\nor adjustments, and they will do so by sending the Credit Union a credit\nslip which will be posted to your Account. If your credits and payments\nexceed what you owe the Credit Union, the amount will be applied against\nfuture purchases and cash advances. If the credit balance amount is $1 or\nmore, it will be refunded upon your written request or automatically after\nsix months.\n9. Charges Made in Foreign Currencies\nAdditional Charges for Transactions in a Foreign Currency and\n\xe2\x80\x9cCross-Border\xe2\x80\x9d Transactions. Currency Conversion Fee: If you effect\nor authorize a transaction with your access device in a currency other\nthan U.S. Dollars, Visa will convert the charge into a U.S. Dollar amount.\nThe Visa currency conversion procedure includes use of either a\ngovernment mandated exchange rate, or a wholesale exchange rate\nselected by Visa, as applicable. The exchange rate Visa uses will be a\nrate in effect on the day the transaction is processed. This rate may differ\nfrom the rate in effect on the date of the purchase or the date the\ntransaction was posted to your Account. A Currency Conversion Fee of\nup to 1% may be applied to transactions that are converted from foreign\ncurrencies to U.S. dollars. Cross-Border Transaction Fee: In addition, Visa\ncharges us a Cross-Border Assessment up to 1% on each transaction\non all Cross Border Transactions regardless of whether there is a currency\nconversion. For purposes of this Section, \xe2\x80\x9cCross-Border Transaction\xe2\x80\x9d\nshall include both (a) transactions initiated in a foreign country which are\nsubsequently settled in the United States, and (b) transactions initiated\nin the United States but which are ultimately settled in a country outside\nof the United States. The Credit Union will assess these fees to you to\nreimburse it for the fee it is required to pay for each of your transactions\nsubject to these terms. The fee(s) will be shown separately on your\nperiodic billing statement(s). The Currency Conversion Fee, if it applies\nto the transaction, will be included in the transaction amount posted on\nyour statement.\n10. Variable Rate Information\nYour APR for purchase, cash advances and balance transfer\ntransactions may vary. Your Credit Card has a variable rate feature\nmeaning the Annual Percentage Rate (corresponding to the periodic\nrate) and the term of your Visa Credit Card may change due to\ninterest rate fluctuations. The rate is determined by adding a margin\nbetween 7.60% and 14.65% to the prevailing U.S. Prime Rate. The\nPrime Rate, used to determine your APR, is the rate published in the\n\xe2\x80\x9cMoney Rates\xe2\x80\x9d section of the Wall Street Journal on the 25th day of\nthe prior month. The APR will change, if needed, based on this rate\ncalculation method at your billing cycle date.We reserve the right\nNOT to increase the variable rate if Prime increases.\n\n\x0c'