b'Municipal Credit Union\nMCU VISA PLATINUM CARDHOLDER AGREEMENT AND DISCLOSURE STATEMENT\nRETAIL INSTALLMENT CREDIT AGREEMENT\n1. Definitions: In this Agreement the words \xe2\x80\x9cwe,\xe2\x80\x9d \xe2\x80\x9cus,\xe2\x80\x9d \xe2\x80\x9cour\xe2\x80\x9d and \xe2\x80\x9cCredit Union\xe2\x80\x9d mean Municipal Credit\nUnion, 22 Cortlandt Street, New York, New York 10007. The words \xe2\x80\x9cyou\xe2\x80\x9d, \xe2\x80\x9cyour\xe2\x80\x9d and \xe2\x80\x9ccardholder\xe2\x80\x9d\nmean anyone in whose name an MCU VISA Platinum Card is issued.\nAnnual Percentage Rate: The cost of your credit as a yearly rate.\nFinance Charge: The dollar amount the credit will cost you.\n2. Purchases: Your Card can be used to buy or lease goods or buy services any place that honors VISA.\nThe debt that results from a Purchase will be transferred to us.\nBalance Transfers: In our discretion, we may allow you to transfer balances from other Accounts or\nloans from other credit card companies, other lenders or other balance transfers we may allow using\nprocedures and forms we provide. Those transfers are \xe2\x80\x9cbalance transfers.\xe2\x80\x9d Balance transfers are treated\nas Purchases and so the amounts transferred will be applied to your Purchases Account. Generally, you\nare not authorized to transfer balances to this Account from other Accounts or loans with us. If you\nrequest a balance transfer but do not have enough available credit, we may transfer only a part of the\nrequested amount.\n3. Advances: Your Card can be used to obtain an advance (loan) at any of our branch offices, at any\nfinancial institution which honors VISA or any other authorized location. If you have received a personal\nidentification number (PIN), you may use your Card and PIN to obtain advances at any ATM that accepts\nyour Card. Except as otherwise provided in this Agreement, such advances shall be treated as Cash\nAdvances under this Agreement.\n4. Convenience Checks: Upon request, and from time to time, we may send you convenience checks for\nuse in borrowing under this Agreement. All convenience checks you use will be treated as Cash Advances\nunder this Agreement unless we advise you otherwise. You may not use the convenience checks to make\npayments on any credit card Accounts, lines of credit or loans with us. You understand that if you use a\nconvenience check to make a purchase and you have a dispute with that purchase, the dispute is not\ncovered by the Billing Rights Summary below. You understand that the convenience checks will not be\nreturned to you.\n5. Purchases Treated as Cash Advances: We consider certain transactions to be the equivalent of Cash\nAdvances, and we reserve the right to treat them as Cash Advances under this Agreement. Those\ntransactions include using the Card or Account to purchase wire transfer money orders, money orders that\nare not issued by a financial institution or are not in U.S. currency, travelers checks, casino gaming chips,\nlottery tickets, off-track betting, wagers at racetracks, and tax payments.\n6. Maximum Credit Limit: We will from time to time notify you of the maximum amount of credit\nwhich we will extend you under this Agreement. A portion of your credit limit, called the Cash Advance\nlimit, will be available for Cash Advances. We may increase or decrease the credit limit or Cash Advance\nlimit at anytime. The Cash Advance limit will be shown on your monthly statement. We will not be\n\n\x0cresponsible for failing to extend credit to you under this Agreement. You agree not to allow the balance\non your Account to go over the maximum credit limit. We will not extend credit if:\nThe extension of credit would cause the balance of your Account to exceed your credit limit or if\nthe balance of your Account already exceeds your credit limit, or\nAnything has happened that allows us to declare your Account in default and therefore\nimmediately due, or\nYour Card has been canceled or suspended, or\nYour Card has expired.\nIf we do extend credit under any of the conditions above, it will be covered by the terms and provisions of\nthis Agreement. We may delay extending credit if you have previously sent us a payment check or other\nnegotiable instrument which has been returned as unpaid for any reason.\n7. Monthly Billing Statement: If you have a balance in your Account, we will send you a monthly\nbilling statement. It will show, among other things, the total amount of your Purchases and Cash\nAdvances Accounts, the periodic interest charges and other fees and charges, the minimum payment due,\nand the date the payment is due.\n8a. Periodic Interest Charge on Purchases: A periodic interest charge (finance charge) will be imposed\non each Purchase from the date the Purchase is posted to your Account until the date it is paid in full, with\nthe following exceptions: You may avoid periodic interest charges on Purchases during any billing period\nif: (1) the opening balance on Purchases for that billing period was zero (0); or (2) the total of payments\nand credits posted during the billing period equals or exceeds the opening balance for that billing period.\nWe figure the Periodic Interest Charge on Purchases by applying the periodic rate to the \xe2\x80\x9caverage daily\nbalance\xe2\x80\x9d of your Purchases Account (including current transactions). To get the \xe2\x80\x9caverage daily balance\xe2\x80\x9d\nwe take the beginning balance of your Purchases Account each day, add any new Purchases and subtract\nany payments or credits applied to Purchases that day, unpaid periodic interest charges and other fees and\ncharges. This gives us the daily balance. Then, we add up all the daily balances for the billing period and\ndivide the total by the number of days in the billing period. This gives us the \xe2\x80\x9caverage daily balance\xe2\x80\x9d\nwhich is shown on your statement as the Balance Subject to Interest Rate for Purchases. Finally, we\nmultiply the average daily balance by the daily periodic rate and the number of days in the billing period.\nThe daily periodic rate and corresponding annual percentage rate may vary (increase or decrease)\nquarterly based upon the movement in the highest prime rate as published by The Wall Street Journal on\nMarch 15th, June 15th, September 15th, and December 15th of each year (\xe2\x80\x9cindex date\xe2\x80\x9d). If The Wall\nStreet Journal is not published on any of these dates, the index will be the highest prime rate published on\nthe first publication date immediately following the index date. To obtain the annual percentage rate we\nadd, depending on your creditworthiness, 6.90%, 8.40%, or 9.90% to the published index. To obtain the\ndaily periodic rate we divide the annual percentage rate by 365. A change in the daily periodic rate and\ncorresponding annual percentage rate resulting from a change in the index on the index dates stated above\nwill be effective as of the beginning of your billing period in the May, August, November or February\nnext following the index date. If the annual percentage rate increases, you will pay a higher interest\ncharge and may pay a higher minimum payment. The daily periodic rate and corresponding annual\npercentage rate in effect within 30 days of the date this Agreement was sent to you are disclosed in the\naccompanying Supplement.\n8b. Periodic Interest Charge on Cash Advances: A periodic interest charge (finance charge) will be\nimposed on each Cash Advance from the day the Cash Advance is obtained until the date it is paid in full.\n\n\x0cWe figure the Periodic Interest Charge on Cash Advances by applying the periodic rate to the \xe2\x80\x9caverage\ndaily balance\xe2\x80\x9d of your Cash Advances Account (including current transactions). To get the \xe2\x80\x9caverage daily\nbalance\xe2\x80\x9d we take the beginning balance of your Cash Advances Account each day, add any new Cash\nAdvances, and subtract any payments or credits applied to Cash Advances that day, unpaid periodic\ninterest charges and other fees and charges. This gives us the daily balance. Then, we add up all the daily\nbalances for the billing period and divide the total by the number of days in the billing period. This gives\nus the \xe2\x80\x9caverage daily balance\xe2\x80\x9d which is shown on your statement as the Balance Subject to Interest Rate\nfor Cash Advances. Finally, we multiply the average daily balance by the daily periodic rate of .04904%\n(corresponding Annual Percentage Rate of 17.90%) and the number of days in the billing period.\n8c. Minimum Interest Charge: There will be a minimum interest charge (finance charge) of fifty cents\n($.50) for each billing period in which a periodic interest charge is payable on your Purchases Account.\n8d. Cash Advance Transaction Fee: You will pay a transaction fee (finance charge) each time you\nobtain a Cash Advance. The transaction fee will be, depending on your creditworthiness, either 3% of the\namount advanced but not less than $2.00 or more than $30.00, or 3% of the amount advanced but not less\nthan $1.00 or more than $30.00\n8e. Foreign Transactions/Fees: A 1% International Transaction Fee (finance charge) will be assessed on\nall transactions where the merchant is located outside the U.S. (even if the currency used is U.S. dollars).\nThe converted transaction amount will be shown separately from the International Transaction Fee on\nyour billing statement. This fee will be assessed on all international purchases, credit vouchers, and cash\ndisbursements.\nThe exchange rate for transactions in a foreign currency will be a rate selected by VISA from the range of\nrates available in wholesale currency markets for the applicable central processing date, which rate may\nvary from the rate VISA itself receives, or the government mandated rate in effect for the applicable\ncentral processing date, plus the 1% International Transaction Fee.\n9. Late Payment Fee: We will charge you a late fee any time a required minimum payment is not paid in\nfull on or before the date it is due. The amount of this late fee will be the lesser of (a) $25.00, or (b) the\namount of the required minimum payment which was due immediately prior to the assessment of this fee.\nIf you make another late payment within six (6) billing cycles of a previous late payment we will charge\nyou the lesser of (a) $30.00, or (b) the amount of the required minimum payment which was due\nimmediately prior to the assessment of this fee.\n10. Returned Item Fee: We will charge you a returned item fee whenever your payment is returned to us\nfor insufficient funds or any other reason. The amount of this fee will be the lesser of (a) $20.00, or (b)\nthe amount of the required minimum payment due immediately prior to the date the payment is returned.\nIf both a late payment fee and a returned item fee could be charged in any one billing cycle, only the fee\neligible to be assessed first will be charged (and not both fees).\n11. Payment: You promise to pay us all the amounts borrowed under this Agreement and any other\namount which you may owe us pursuant to this Agreement.\nAt any time, and without penalty, you may repay all or part of what you owe. You must, however,\nmake at least the minimum payment each month. This minimum payment will be the total of: (1) the\ngreater of [a] 1/60th of the outstanding principal Cash Advances and Purchases, or [b] $20.00, or the\nbalance due, whichever is less; plus (2) currently calculated periodic interest charges, Cash Advance\ntransaction fees and other fees and charges incurred during the billing period; plus (3) any minimum\npayment amount which is past due. Paying more than the minimum payment for your Account for any\n\n\x0cbilling period will not relieve you of the obligation to pay any future minimum payment for your\nAccount.\n12. Payment Allocation: Your payment will be applied in the following order to any of these costs you\nowe: (1) collection costs, (2) fees and other Card charges, (3) late charges and periodic interest charges in\nthe manner and order the Credit Union elects, and (4) unpaid principal balance of accrued Purchases and\nCash Advances.\n13. Insurance: Credit life insurance and/or credit disability insurance may be made available to you by\nthe Credit Union. Insurance coverage is not required by us as a condition for the extension of credit and\nmay be cancelled by you at any time. A certificate of insurance issued by the insurer will describe in\ndetail the terms, conditions and limitations of this coverage. This certificate will be mailed or provided to\nyou no later than thirty (30) days after coverage begins. If you wish to have this coverage, you will give\nus a written statement that you desire to obtain insurance coverage. The monthly premiums for this\ninsurance will be treated as a Purchase and added to your Purchases Account balance each month.\n14. Default: You will be in default if you fail to make a minimum payment when due. You will be in\ndefault if you break any promise you made under this Agreement, or under any other written agreement\nmade in connection with use of the Card. You will also be in default if you become insolvent, declare\nbankruptcy or die. When you are in default, the Credit Union may demand immediate payment of the\nentire amount you owe under this Agreement without giving you advance notice.\nAlso, we may prohibit any further transactions on your Account, cancel the Cards, and revoke any\nprivileges attaching to the Cards. You agree to surrender all Cards to us or our designee upon demand. If\nyou default, we, at our option, may refuse to pay any of your convenience checks that are presented to us.\nIf we decide to honor such checks, you will owe us the amount of such checks under the terms of this\nAgreement.\n15. No Notice or Loss of Rights: We do not have to notify you if any amount owing under this\nAgreement is not paid by the day it becomes due. We can do any of the following without notifying you\nor losing any right against you:\na. accept a check or money order marked \xe2\x80\x9cpaid in full\xe2\x80\x9d or with similar language, as a payment under this\nAgreement, or\nb. give additional time for payment of any amount owing under this Agreement, regardless of the length\nof any additional time we previously gave, or\nc. exercise, give up, fail to exercise, or delay exercising any right against any person.\n16. Collection Costs: If you are in default, you agree to pay actual costs of collection. This may include\nreasonable attorney fees not to exceed 20% of the amount due.\n17. Amendment: We can change the terms of this Agreement, including the periodic interest charge and\nthe annual percentage rate, at any time. Except where limited by applicable law, the new terms will apply\nboth to new Purchases and Cash Advances and to the full outstanding balance of your Account as of the\nday of the change. In accordance with applicable law, we will notify you of any increased charge or\nchange by writing to you at the most recent address shown for you on our records.\n18. Statement, Notices and Change of Address: Any statement for your Account or any notice\nconcerning your Account or this Agreement we send you will be sent to your current mailing address as\n\n\x0cshown in our records concerning your Account. We can send it by regular mail. If your mailing address\nchanges, you must promptly notify us in writing of the new address. Any notice you send us must be sent\nto: PSCU-MCU, P.O. Box 31112, Tampa, Florida 33631-3112.\n19. No Assignment or Transfer: You cannot assign or transfer your rights under this Agreement. Any\nassignment or transfer by you will be ineffective.\n20. VISA Cards: The MCU VISA Platinum Card is a part of this Agreement and must be signed\nimmediately after you have received it. Each MCU VISA Platinum Card issued for use with your\nAccount is and will remain our property and must be returned to us if requested to do so. We or anyone\nacting for us can keep the MCU VISA Platinum Card if it is used after your Account has been canceled or\nafter we have requested you to return it to us.\n21. Continued Effectiveness: If any part of this Agreement is determined by a court to be invalid, the\nrest will remain in effect.\n22. Additional Cardholders, Authorized Users, and Other Using Your Account: You may authorize\nothers to use your Account. At your request, we may issue one additional Card to you. This additional\nCard must be issued with the individual name of the authorized user embossed thereon. You promise to\npay for all Purchases and Cash Advances made by anyone you authorize to use your Account with or\nwithout a Card, whether or not you notify us that he or she will be using the Account and whether or not\nhe or she exceeds any limits imposed by you on his or her use of the Card. If another person has use of\nyour Account and you want to end that person\xe2\x80\x99s privilege, you must notify us by writing to us, by calling\nus, or in person. In order to avoid unauthorized use, you should recover any Cards in that person\xe2\x80\x99s\npossession.\n23. Use of the Card: We are not responsible if anyone refuses to honor this Card or any convenience\ncheck or for any failure of an ATM to process a Cash Advance request. If there is a problem with\nmerchandise or services obtained with this Card, you may have the right not to pay the remaining amount\ndue on such merchandise or services. This right does not, however, apply to merchandise or services\nobtained with convenience checks or with money from a Cash Advance. Following this Agreement is an\nexplanation of your rights to dispute billing errors. We will have no responsibility for merchandise or\nservices purchased with this Card.\n24. Unauthorized Use of Card: You will be liable for all authorized charges to the Account including\ncharges obtained by all persons whom you authorize to use the Account. You may be liable for the\nunauthorized use of your MCU VISA Platinum Card. You will not be liable for unauthorized use which\noccurs after you notify us at: PSCU-MCU, P.O. Box 31112, Tampa, Florida 33631-3112, orally or in\nwriting, of the loss, theft, or possible unauthorized use.\n25. Important Notice: Do not use your credit card before you read this agreement or if this\nagreement contains any blank space. You are entitled to a completely filled-in copy of this credit\nagreement.\n26. Original Application: You agree to let the Credit Union keep the signed copy of your VISA\napplication to comply with federal and/or state law.\n27. Governing Law/Effective Date: This Agreement and all matters arising out of or in connection with\nany credit transaction shall be governed by, and construed in accordance with the laws of the State of\nNew York and the applicable laws of the U.S. This Agreement incorporates by reference all the terms and\nconditions contained in the accompanying Supplement. This Agreement will become effective as to Cash\n\n\x0cAdvances when you use the Card to take a Cash Advance. This Agreement will become effective as to\nPurchases when you use the Card, and the sales slip or other document you sign in connection with such\nuse is accepted by us or our representatives at our offices in New York. (This Agreement will not become\neffective as a result of unauthorized use of the Card for any Purchase which occurs before you first use\nthe Card and after its loss or theft). The Credit Union may terminate this Agreement or cancel your Card\nat any time. Such termination, or cancellation, however, will not affect your obligation to pay the Account\nbalance.\n28. Lost or Stolen Cards: You must notify us immediately if a Card is lost or stolen or if you believe\nthere has been or is about to be unauthorized use of the Card by calling: (800) 449-7728.\n29. Prohibited Use: You may not use your MCU VISA Card for any illegal transaction.\n30. Military Lending Act Disclosures: Federal law provides important protections to members of the\nArmed Forces and their dependents relating to extensions of consumer credit. In general, the cost of\nconsumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual\npercentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account:\nThe costs associated with credit insurance premiums, fees for ancillary products sold in connection with\nthe credit transaction; any application fee charged (other than certain application fees for specified credit\ntransactions or accounts); and any participation fee charged (other than certain participation fees for a\ncredit card account).\nIn the event that any of the terms or provisions of this Agreement are proscribed by the Military Lending\nAct, such terms or provisions shall not apply to this Agreement or your Account. The remaining terms\nand provisions of this Agreement, that are not affected thereby, shall remain in full force and effect.\nPlease call Municipal Credit Union at (844) 628-6969, choose option \xe2\x80\x9c9\xe2\x80\x9d to receive important oral\ndisclosures pursuant to the Military Lending Act.\nDear Card Member,\nThis is your contract. Please read it and keep it for your records because when you use your Card, you\xe2\x80\x99ve\nagreed to the terms in the contract.\nMunicipal Credit Union\nBy\nAhmed Campbell, Vice President, Loan Operations\nP.O. Box 992, Peck Slip Station\nNew York, New York 10272-0992\nYour Billing Rights: Keep this Document for Future Use\nThis notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.\nWhat To Do If You Find A Mistake On Your Statement\nIf you think there is an error on your statement, write to us at:\nMunicipal Credit Union\nCustomer Service\n\n\x0cP.O. Box 31112\nTampa, Florida 33631-3112\nIn your letter, give us the following information:\nAccount information: Your name and Account number.\nDollar amount: The dollar amount of the suspected error.\nDescription of problem: If you think there is an error on your bill, describe what you believe is\nwrong and why you believe it is a mistake.\nYou must contact us:\nWithin 60 days after the error appeared on your statement.\nAt least 3 business days before an automated payment is scheduled, if you want to stop payment\non the amount you think is wrong.\nYou must notify us of any potential errors in writing. You may call us, but if you do we are not required\nto investigate any potential errors and you may have to pay the amount in question.\nWhat Will Happen After We Receive Your Letter\nWhen we receive your letter, we must do two things:\n1. Within 30 days of receiving your letter, we must tell you that we received your letter. We will\nalso tell you if we have already corrected the error.\n2. Within 90 days of receiving your letter, we must either correct the error or explain to you why we\nbelieve the bill is correct.\nWhile we investigate whether or not there has been an error:\nWe cannot try to collect the amount in question, or report you as delinquent on that amount.\nThe charge in question may remain on your statement, and we may continue to charge you\ninterest on that amount.\nWhile you do not have to pay the amount in question, you are responsible for the remainder\nof your balance.\nWe can apply any unpaid amount against your credit limit.\nAfter we finish our investigation, one of two things will happen:\nIf we made a mistake: You will not have to pay the amount in question or any interest or other\nfees related to that amount.\nIf we do not believe there was a mistake: You will have to pay the amount in question, along with\nthe applicable interest and fees. We will send you a statement of the amount you owe and the date\npayment is due. We may then report you as delinquent if you do not pay the amount we think you\nowe.\nIf you receive our explanation but still believe your bill is wrong, you must write to us within (10) days\ntelling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also\nreporting that you are questioning your bill. We must tell you the name of anyone to whom we reported\nyou as delinquent, and we must let those organizations know when the matter has been settled between\nus.\nIf we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question\neven if your bill is correct.\n\n\x0cYour Rights If You Are Dissatisfied With Your Credit Card Purchases\nIf you are dissatisfied with the goods or services that you have purchased with your credit card and you\nhave tried in good faith to correct the problem with the merchant, you may have the right not to pay the\nremaining amount due on the purchase.\nTo use this right, all of the following must be true:\n1. The purchase must have been made in your home state or within 100 miles of your current\nmailing address, and the purchase price must have been more than $50.\n(Note: Neither of these are necessary if your purchase was based on an advertisement we mailed\nto you, or if we own the company that sold you the goods or services.)\n2. You must have used your credit card for the purchase. Purchases made with Cash Advances from\nan ATM or with a check that accesses your credit card Account do not qualify.\n3. You must not yet have fully paid for the purchase.\nIf all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at:\nMunicipal Credit Union\nCustomer Service\nP.O. Box 31112\nTampa, Florida 33631-3112\nWhile we investigate, the same rules apply to the disputed amount as discussed above. After we finish our\ninvestigation, we will tell you our decision. At that point, if we think you owe an amount and you do not\npay, we may report you as delinquent.\n\nComb. C.R. 06/19\n\n\x0cMUNICIPAL CREDIT UNION\n\nSUPPLEMENT TO MUNICIPAL CREDIT UNION VISA PLATINUM\nCARDHOLDER AGREEMENT AND DISCLOSURE STATEMENT\nSpecial Introductory Annual Percentage Rate\nThe interest rate which will apply to purchases and balance transfers during the first twelve (12) months\nfollowing the opening of your account is a special introductory rate and is not on based on the index and\nmargin which are set forth in the MCU VISA Platinum Cardholder Agreement and Disclosure Statement.\nThe special introductory ANNUAL PERCENTAGE RATE is, depending on your credit worthiness,\n3.90%, 4.90%, or 5.90%, which correspond to a Daily Periodic Rate of .01069%, .01343%, or .01616%,\nrespectively. Beginning in the billing cycle which next follows the expiration of the twelve (12) month\nintroductory rate period, the variable annual percentage rate described in your MCU VISA Platinum\nCardholder Agreement and Disclosure Statement will apply to any existing and new purchase and\ntransferred balances. The ANNUAL PERCENTAGE RATE which would have applied using the margin\nand index in effect on June 15, 2019 is either 12.40%, 13.90%, or 15.40%, which corresponds to a Daily\nPeriodic Rate of .03397%, .03808%, or .04219% respectively.\nINTEREST RATES AND INTEREST CHARGES\nAnnual Percentage Rate\n(APR) for Purchases and\nBalance Transfers\n\n3.90%, 4.90%, or 5.90% Introductory APR for the six months depending\non your creditworthiness.\n\n12.40%, 13.90%,\n\n15.40%,\n\nAfter that, your APR will either be\nor\nbased\non your creditworthiness at account opening. These APRs will vary with the market\nbased on the Prime Rate.*\nAPR for Cash Advances\n\n17.90%\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 and Balance Transfers if you pay your entire\nbalance by the due date each month. We will begin charging interest on Cash\nAdvances on the transaction date.\n\nMinimum Interest Charge\n\nIf you are charged interest, the charge will be no less than $.50.\n\nFor Credit Card Tips\nfrom the Consumer\nFinancial Protection\nBureau\n\nTo learn more about factors to consider when applying for or using a credit card, visit\nthe website of the Consumer Financial Protection Bureau at\nhttp://www.consumerfinance.gov/learnmore\n\nFees\nAnnual Fee\n\nNone\n\nTransaction Fees\nCash Advances\nForeign\nTransactions\n\nEither $1 or $2 (depending on your creditworthiness) or 3% of the amount of each\nCash Advance, whichever is greater (maximum $30.00).\n1% of each transaction in U.S. dollars.\n\n\x0cPenalty Fees\nLate Payment\nReturned Payment\n\nUp to $30\nUp to $20\n\nHow We Will Calculate Your Balance: We use a method called \xe2\x80\x9caverage daily balance (including new\npurchases).\xe2\x80\x9d\n*Variable rates may change quarterly based upon the movement in the highest prime rate as published in\nThe Wall Street Journal on March 15th , June 15th, September 15th and December 15th of each year (the\n\xe2\x80\x9cPrime Rate\xe2\x80\x9d). We add, depending on your creditworthiness, 6.90%, 8.40% or 9.90% to the Prime Rate to\ndetermine the Purchases/Balance Transfers APR. The Prime Rate as of June 15, 2019 was 5.50%.\n(Refer to Section 8a. of the Cardholder Agreement for more details.)\nBilling Rights: Information on your rights to dispute transactions and how to exercise those rights is\nprovided in the Cardholder Agreement.\n06/19\n\n\x0cMunicipal Credit Union\nMUNICIPAL CREDIT UNION VISA PLATINUM \xe2\x80\x93 PRICING INFORMATION\nAnnual Percentage Rate\n(APR) for Purchases and\nBalance Transfers\n\n12.40%, 13.90% or 15.40% based on your creditworthiness at account\n\nAPR for Cash Advances\n\n17.90%\n\nPaying Interest\n\nMinimum Interest Charge\n\nYour due date is at least 25 days after the close of each billing cycle. We will not charge\nyou any interest on Purchases and Balance Transfers if you pay your entire balance by the\ndue date each month. We will begin charging interest on Cash Advances on the transaction\ndate.\nIf you are charged interest, the charge will be no less than $.50.\n\nFor Credit Card Tips from\nthe Consumer Financial\nProtection Bureau\n\nTo learn more about factors to consider when applying for or using a credit card, visit the\nwebsite of the Consumer Financial Protection Bureau at\nhttp://www.consumerfinance.gov/learnmore\n\nAnnual Fee\n\nNone\n\nTransaction Fees\nCash Advance\nForeign Transaction\nPenalty Fees\nLate Payment\nReturned Payment\n\nopening. These APRs will vary with the market based on the Prime Rate.\n\nEither $1 or $2 (depending on your creditworthiness) or 3% of the amount of each Cash\nAdvance, whichever is greater (maximum $30.00).\n1% of each transaction in U.S. dollars.\n\nUp to $30\nUp to $20\n\nHow We Will Calculate Your Balance: We use a method called \xe2\x80\x9caverage daily balance (including new purchases).\xe2\x80\x9d See\nHow Do We Calculate the Interest Charge? below for more details.\n\nOther Things You Should Know\nCan We Increase Interest Charges And Fees?\nWe may increase your interest charges for new transactions and your fees after the first year of the account. We may change\nany other terms of your account at any time. We will give you notice of any changes as required by law.\nHow Do We Calculate Variable Rates?\nVariable rates may change quarterly based upon the movement in the highest prime rate as published in The Wall Street\nJournal (the \xe2\x80\x9cPrime Rate\xe2\x80\x9d) on March 15th, June 15th, September 15th and December 15th of each year (the \xe2\x80\x9cindex dates\xe2\x80\x9d). We\nadd, depending on your creditworthiness, 6.90%, 8.40% or 9.90% to the Prime Rate on each index date to determine the\nPurchases/Balance Transfers APR. A change in the APR resulting from a change in the index on any of the above index dates\nwill be effective as of the beginning of your billing period in the May, August, November or February next following that\nindex date. The Prime Rate as of June 15, 2019 was 5.50%.\nWhat Are the Daily Periodic Rates Used To Calculate Your Interest?\nWe determine your daily periodic rate by dividing the corresponding Annual Percentage Rate by 365 and round to the nearest\n1/100,000th of 1%. If the daily periodic rates and corresponding Annual Percentage Rates increase, the interest charge will\nincrease and our minimum payment may be greater. See How Do We Calculate The Interest Charge? below for more details.\nBased on the rates set forth in the above table, the daily periodic rate for your Purchases/Balance Transfers APR, would be\n.03397%, .03808% or .04219%, respectively and the daily periodic rate for your Cash Advances APR would be .04904%.\n\n\x0cHow Can You Avoid Paying Interest Charges?\nEach month you pay your \xe2\x80\x9cNew Balance\xe2\x80\x9d of Purchases in full by the due date, you will have a minimum grace period of 25\ndays with no interest charge on all new Purchases and Balance Transfers. If you have been paying your Purchases Account in\nfull with no interest charges applied and you do not pay your next bill in full, prorated interest charges will be assessed. There\nis no grace period on Cash Advances or on any new transaction on your Purchases Account when there is an unpaid balance\nfrom a previous bill.\nHow Do We Calculate The Interest Charge?\nThe Interest Charge Calculation Methods applicable to your Purchases and Cash Advances Accounts are as follows:\nPurchases Account \xe2\x80\x93 The Interest Charge for a billing cycle is computed by applying the applicable periodic rate to the\n\xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Purchases Account (which includes Balance Transfers). To get the average daily balance, we\ntake the beginning balance of your Purchases Account each day, add any new Purchases, or Balance Transfers, and subtract\nany payments, credits, unpaid periodic interest charges and other unpaid fees and charges. This gives us the daily balance.\nThen we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This\ngives us the average daily balance. Finally, we multiply the average daily balance by the daily periodic rate (the APR divided\nby 365) and the number of days in the billing period.\nCash Advances Account \xe2\x80\x93 The Interest Charge for a billing cycle is computed by applying the applicable periodic rate to the\n\xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Cash Advances Account. To get the average daily balance, we take the beginning balance of\nyour Cash Advances Account each day, add any new Cash Advances, and subtract any payments, unpaid periodic interest\ncharges and other unpaid fees and charges. This gives us the daily balance. Then we add up all the daily balances for the\nbilling cycle and divide the total by the number of days in the billing cycle. This gives us the average daily balance. Finally,\nwe multiply the average daily balance by the daily periodic rate (the APR divided by 365) and the number of days in the billing\nperiod.\n\nCLR PI 06/19\n\n\x0c'


b'Municipal Credit Union\nMCU TRUE REWARDS VISA CARDHOLDER AGREEMENT AND DISCLOSURE\nSTATEMENT\nRETAIL INSTALLMENT CREDIT AGREEMENT\n1. De\xef\xac\x81nitions: In this Agreement the words \xe2\x80\x9cwe\xe2\x80\x9d, \xe2\x80\x9cus\xe2\x80\x9d, \xe2\x80\x9cour\xe2\x80\x9d and \xe2\x80\x9cCredit Union\xe2\x80\x9d mean\nMunicipal Credit Union, 22 Cortlandt Street, New York, New York 10007. The words\n\xe2\x80\x9cyou\xe2\x80\x9d, \xe2\x80\x9cyour\xe2\x80\x9d and \xe2\x80\x9ccardholder\xe2\x80\x9d mean anyone in whose name a MCU TRUE REWARDS\nVISA Card is issued.\nAnnual Percentage Rate: The cost of your credit as a yearly rate.\nFinance Charge: The dollar amount the credit will cost you.\n2. Purchases: Your Card can be used to buy or lease goods or buy services any place that\nhonors VISA. The debt that results from a Purchase will be transferred to us.\nBalance Transfers: You may transfer balances from other Accounts or loans from other\ncredit card companies, other lenders or other balance transfers we may allow using\nprocedures and forms we provide. Those transfers are \xe2\x80\x9cbalance transfers\xe2\x80\x9d. Balance transfers\nare treated as Purchases and so the amounts transferred will be applied to your Purchases\nAccount. Generally, you are not authorized to transfer balances to this Account from other\nAccounts or loans with us. If you request a balance transfer but do not have enough available\ncredit, we may transfer only a part of the requested amount.\n3. Advances: Your Card can be used to obtain an advance (loan) at any of our branch of\xef\xac\x81ces, at\nany \xef\xac\x81nancial institution which honors VISA or any other authorized location. If you have\nreceived a personal identi\xef\xac\x81cation number (PIN), you may use your Card and PIN to obtain\nadvances at any ATM that accepts your Card. Except as otherwise provided in this\nAgreement, such advances shall be treated as Cash Advances under this Agreement.\n4. Convenience Checks: Upon request, and from time to time, we may send you convenience\nchecks for use in borrowing under this Agreement. All convenience checks you use will be\ntreated as Cash Advances under this Agreement unless we advise you otherwise. You may\nnot use the convenience checks to make payments on any credit card Accounts, lines of\ncredit or loans with us. You understand that if you use a convenience check to make a\npurchase and you have a dispute with that purchase, the dispute is not covered by the Billing\nRights Summary below. You understand that the convenience checks will not be returned to\nyou.\n5. Purchases Treated as Cash Advances: We consider certain transactions to be the\nequivalent of Cash Advances, and we reserve the right to treat them as Cash Advances under\nthis Agreement. Those transactions include using the Card or Account to purchase wire\ntransfer money orders, money orders that are not issued by a \xef\xac\x81nancial institution or are not in\nU.S. currency, travelers checks, casino gaming chips, lottery tickets, off-track betting, wagers\nat racetracks, and tax payments.\n\n\x0c6. Maximum Credit Limit: We will from time to time notify you of the maximum amount of\ncredit which we will extend you under this Agreement. A portion of your credit limit, called\nthe Cash Advance limit, will be available for Cash Advances. We may increase or decrease\nthe credit limit or Cash Advance limit at anytime. The Cash Advance limit will be shown on\nyour monthly statement. We will not be responsible for failing to extend credit to you under\nthis Agreement. You agree not to allow the balance on your Account to go over the\nmaximum credit limit. We will not extend credit if:\nThe extension of credit would cause the balance of your Account to exceed your credit\nlimit or if the balance of your Account already exceeds your credit limit, or\nAnything has happened that allows us to declare your Account in default and therefore\nimmediately due, or\nYour Card has been canceled or suspended, or\nYour Card has expired.\nIf we do extend credit under any of the conditions above, it will be covered by the terms and\nprovisions of this Agreement. We may delay extending credit if you have previously sent us\na payment check or other negotiable instrument which has been returned as unpaid for any\nreason.\n7. Monthly Billing Statement: If you have a balance in your Account, we will send you a\nmonthly billing statement. It will show, among other things, the total amount of your\nPurchases and Cash Advances Accounts, the periodic interest charges and other fees and\ncharges, the minimum payment due, and the date the payment is due.\n8a. Periodic Interest Charge on Purchases: A periodic interest charge (finance charge) will be\nimposed on each Purchase from the date the Purchase is posted to your Account until the date\nit is paid in full, with the following exceptions: You may avoid periodic interest charges on\nPurchases during any billing period if: (1) the opening balance on Purchases for that billing\nperiod was zero (0); or (2) the total of payments and credits posted during the billing period\nequals or exceeds the opening balance for that billing period.\nWe figure the Periodic Interest Charge on Purchases by applying the periodic rate to the\n\xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Purchases Account (including current transactions). To get\nthe \xe2\x80\x9caverage daily balance\xe2\x80\x9d we take the beginning balance of your Purchases Account each\nday, add any new Purchases and subtract any payments or credits applied to Purchases that\nday, unpaid periodic interest charges and other fees and charges. This gives us the daily\nbalance. Then, we add up all the daily balances for the billing period and divide the total by\nthe number of days in the billing period. This gives us the \xe2\x80\x9caverage daily balance\xe2\x80\x9d which is\nshown on your statement as the Balance Subject to Interest Rate for Purchases. Finally, we\nmultiply the average daily balance by the daily periodic rate and the number of days in the\nbilling period.\nThe daily periodic rate and corresponding annual percentage rate may vary (increase or\ndecrease) quarterly based upon the movement in the highest prime rate as published by The\nWall Street Journal on March 15th, June 15th, September 15th, and December 15th of each\nyear (\xe2\x80\x9cindex date\xe2\x80\x9d). If The Wall Street Journal is not published on any of these dates, the\nindex will be the highest prime rate published on the \xef\xac\x81rst publication date immediately\nfollowing the index date. To obtain the annual percentage rate we add, depending on your\ncreditworthiness, 9.15%, 10.40%, 11.90% or 13.65% to the published index. To obtain the\ndaily periodic rate we divide the annual percentage rate by 365. A change in the daily\n\n\x0cperiodic rate and corresponding annual percentage rate resulting from a change in the index\non the index dates stated above will be effective as of the beginning of your billing period in\nthe May, August, November or February next following the index date. If the annual\npercentage rate increases, you will pay a higher interest charge and may pay a higher\nminimum payment. The daily periodic rate and corresponding annual percentage rate in\neffect within 30 days of the date this Agreement was sent to you are disclosed in the\naccompanying Supplement.\n8b. Periodic Interest Charge on Cash Advances: A periodic interest charge (finance charge)\nwill be imposed on each Cash Advance from the day the Cash Advance is obtained until the\ndate it is paid in full. We figure the Periodic Interest Charge on Cash Advances by applying\nthe periodic rate to the \xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Cash Advances Account (including\ncurrent transactions). To get the \xe2\x80\x9caverage daily balance\xe2\x80\x9d we take the beginning balance of\nyour Cash Advances Account each day, add any new Cash Advances, and subtract any\npayments or credits applied to Cash Advances that day, unpaid periodic interest charges and\nother fees and charges. This gives us the daily balance. Then, we add up all the daily\nbalances for the billing period and divide the total by the number of days in the billing\nperiod. This gives us the \xe2\x80\x9caverage daily balance\xe2\x80\x9d which is shown on your statement as the\nBalance Subject to Interest Rate for Cash Advances. Finally, we multiply the average daily\nbalance by the daily periodic rate of .04904% (corresponding Annual Percentage Rate of\n17.90%) and the number of days in the billing period.\n8c. Minimum Interest Charge: There will be a minimum interest charge (finance charge) of\n\xef\xac\x81fty cents ($.50) for each billing period in which a periodic interest charge is payable on your\nPurchases Account.\n8d. Cash Advance Transaction Fee: You will pay a transaction fee (\xef\xac\x81nance charge) each time\nyou obtain a Cash Advance. The transaction fee will be 3% of the amount advanced but not\nless than $2.00 or more than $30.00.\n8e. Balance Transfer Fee: You will pay a transaction fee (finance charge) each time you\ntransfer a balance. The transaction fee will be 3% of the amount of each transfer but not less\nthan $2.00.\n8f. Foreign Transactions/Fees: A 1% International Transaction Fee (finance charge) will be\nassessed on all transactions where the merchant is located outside the U.S. (even if the\ncurrency used is U.S. dollars). The converted transaction amount will be shown separately\nfrom the International Transaction Fee on your billing statement. This fee will be assessed on\nall international purchases, credit vouchers, and cash disbursements.\nThe exchange rate for transactions in a foreign currency will be a rate selected by VISA from\nthe range of rates available in wholesale currency markets for the applicable central\nprocessing date, which rate may vary from the rate VISA itself receives, or the government\nmandated rate in effect for the applicable central processing date, plus the 1% International\nTransaction Fee.\n9. Late Payment Fee: We will charge you a late fee any time a required minimum payment is\nnot paid in full on or before the date it is due. The amount of this late fee will be the lesser of\n(a) $25.00, or (b) the amount of the required minimum payment which was due immediately\nprior to the assessment of this fee. If you make another late payment within six (6) billing\ncycles of a previous late payment we will charge you the lesser of (a) $30.00, or (b) the\namount of the required minimum payment which was due immediately prior to the\n\n\x0cassessment of this fee.\n\n10. Returned Item Fee: We will charge you a returned item fee whenever your payment is\nreturned to us for insufficient funds or any other reason. The amount of this fee will be the\nlesser of (a) $20.00, or (b) the amount of the required minimum payment due immediately\nprior to the date the payment is returned. If both a late payment fee and a returned item fee\ncould be charged in any one billing cycle, only the fee eligible to be assessed first will be\ncharged (and not both fees).\n11. Payment: You promise to pay us all the amounts borrowed under this Agreement and any\nother amount which you may owe us pursuant to this Agreement.\nAt any time, and without penalty, you may repay all or part of what you owe. You\nmust, however, make at least the minimum payment each month. This minimum payment\nwill be the total of: (1) the greater of [a] 1/60th of the outstanding principal Cash Advances\nand Purchases, or [b] $20.00, or the balance due, whichever is less; plus (2) currently\ncalculated periodic interest charges, Cash Advance transaction fees and other fees and\ncharges incurred during the billing period; plus (3) any minimum payment amount which is\npast due. Paying more than the minimum payment for your Account for any billing period\nwill not relieve you of the obligation to pay any future minimum payment for your Account.\n12. Payment Allocation: Your payment will be applied in the following order to any of these\ncosts you owe: (1) collection costs, (2) fees and other Card charges, (3) late charges and\nperiodic interest charges in the manner and order the Credit Union elects, and (4) unpaid\nprincipal balance of accrued Purchases and Cash Advances.\n13. Insurance: Credit life insurance and/or credit disability insurance may be made available to\nyou by the Credit Union. Insurance coverage is not required by us as a condition for the\nextension of credit and may be cancelled by you at any time. A certificate of insurance\nissued by the insurer will describe in detail the terms, conditions and limitations of this\ncoverage. This certificate will be mailed or provided to you no later than thirty (30) days\nafter coverage begins. If you wish to have this coverage, you will give us a written statement\nthat you desire to obtain insurance coverage. The monthly premiums for this insurance will\nbe treated as a Purchase and added to your Purchases Account balance each month.\n14. Default: You will be in default if you fail to make a minimum payment when due. You\nwill be in default if you break any promise you made under this Agreement, or under any\nother written agreement made in connection with use of the Card. You will also be in default\nif you become insolvent, declare bankruptcy or die. When you are in default, the Credit\nUnion may demand immediate payment of the entire amount you owe under this Agreement\nwithout giving you advance notice.\nAlso, we may prohibit any further transactions on your Account, cancel the Cards, and\nrevoke any privileges attaching to the Cards. You agree to surrender all Cards to us or our\ndesignee upon demand. If you default, we, at our option, may refuse to pay any of your\nconvenience checks that are presented to us. If we decide to honor such checks, you will owe\nus the amount of such checks under the terms of this Agreement.\n15. No Notice or Loss of Rights: We do not have to notify you if any amount owing under this\nAgreement is not paid by the day it becomes due. We can do any of the following without\nnotifying you or losing any right against you:\n\n\x0ca. accept a check or money order marked \xe2\x80\x9cpaid in full\xe2\x80\x9d or with similar language, as a\npayment under this Agreement, or\nb. give additional time for payment of any amount owing under this Agreement, regardless of\nthe length of any additional time we previously gave, or\nc. exercise, give up, fail to exercise or delay exercising any right against any person.\n16. Collection Costs: If you are in default, you agree to pay actual costs of collection. This may\ninclude reasonable attorney fees not to exceed 20% of the amount due.\n17. Amendment: We can change the terms of this Agreement, including the periodic interest\ncharge and the annual percentage rate, at any time. Except where limited by applicable law,\nthe new terms will apply both to new Purchases and Cash Advances and to the full\noutstanding balance of your Account as of the day of the change. In accordance with\napplicable law, we will notify you of any increased charge or change by writing to you at the\nmost recent address shown for you on our records.\n18. Statement, Notices and Change of Address: Any statement for your Account or any notice\nconcerning your Account or this Agreement we send you will be sent to your current mailing\naddress as shown in our records concerning your Account. We can send it by regular mail. If\nyour mailing address changes, you must promptly notify us in writing of the new address.\nAny notice you send us must be sent to: PSCU-MCU, P.O. Box 31112, Tampa, Florida\n33631-3112.\n19. No Assignment or Transfer: You cannot assign or transfer your rights under this\nAgreement. Any assignment or transfer by you will be ineffective.\n20. VISA Cards: The MCU TRUE REWARDS VISA Card is a part of this Agreement and must\nbe signed immediately after you have received it. Each MCU TRUE REWARDS VISA Card\nissued for use with your Account is and will remain our property and must be returned to us\nif requested to do so. We or anyone acting for us can keep the MCU TRUE REWARDS\nVISA Card if it is used after your Account has been canceled or after we have requested you\nto return it to us.\n21. Continued Effectiveness: If any part of this Agreement is determined by a court to be\ninvalid, the rest will remain in effect.\n22. Additional Cardholders, Authorized Users, and Others Using Your Account: You may\nauthorize others to use your Account. At your request, we may issue one additional Card to\nyou. This additional Card must be issued with the individual name of the authorized user\nembossed thereon. You promise to pay for all Purchases and Cash Advances made by\nanyone you authorize to use your Account with or without a Card, whether or not you notify\nus that he or she will be using the Account and whether or not he or she exceeds any limits\nimposed by you on his or her use of the Card. If another person has use of your Account and\nyou want to end that person\xe2\x80\x99s privilege, you must notify us by writing us, by calling us, or in\nperson. In order to avoid unauthorized use, you should recover any Cards in that person\xe2\x80\x99s\npossession.\n23. Use of the Card: We are not responsible if anyone refuses to honor this Card or any\nconvenience check or for any failure of an ATM to process a Cash Advance request. If there\nis a problem with merchandise or services obtained with this Card, you may have the right\nnot to pay the remaining amount due on such merchandise or services. This right does not,\nhowever, apply to merchandise or services obtained with convenience checks or with money\nfrom a Cash Advance. Following this Agreement is an explanation of your rights to dispute\n\n\x0cbilling errors. We will have no responsibility for merchandise or services purchased with this\nCard.\n24. Unauthorized Use of Card: You will be liable for all authorized charges to the Account\nincluding charges obtained by all persons whom you authorize to use the Account. You may\nbe liable for the unauthorized use of your MCU TRUE REWARDS VISA Card. You will not\nbe liable for unauthorized use which occurs after you notify us at: PSCU-MCU, P.O. Box\n31112, Tampa, Florida 33631-3112, orally or in writing, of the loss, theft or possible\nunauthorized use.\n25. Important Notice: Do not use your credit card before you read this agreement or if this\nagreement contains any blank space. You are entitled to a completely \xef\xac\x81lled in copy of\nthis credit agreement.\n26. Original Application: You agree to let the Credit Union keep the signed copy of your VISA\napplication to comply with federal and/or state law.\n27. Governing Law/Effective Date: This Agreement and all matters arising out of or in\nconnection with any credit transaction shall be governed by, and construed in accordance\nwith the laws of the State of New York and the applicable laws of the U.S. This Agreement\nincorporates by reference all the terms and conditions contained in the accompanying\nSupplement. This Agreement will become effective as to Cash Advances when you use the\nCard to take a Cash Advance. This Agreement will become effective as to Purchases when\nyou use the Card, and the sales slip or other document you sign in connection with such use\nis accepted by us or our representatives at our of\xef\xac\x81ces in New York. (This Agreement will\nnot become effective as a result of unauthorized use of the Card for any Purchase which\noccurs before you \xef\xac\x81rst use the Card and after its loss or theft). The Credit Union may\nterminate this Agreement or cancel your Card at any time. Such termination, or cancellation,\nhowever, will not affect your obligation to pay the Account balance.\n28. Lost or Stolen Cards: You must notify us immediately if a Card is lost or stolen or if you\nbelieve there has been or is about to be unauthorized use of a Card by calling: (800) 4497728.\n29. Prohibited Use: You may not use your MCU TRUE REWARDS VISA Card for any illegal\ntransaction.\n30. Participation in Rewards Program: Your Card has automatically been enrolled in the\nMCU TRUE REWARDS VISA Card Program. Your use of the Card indicates your\nagreement to abide by the terms and conditions stated in the MCU TRUE REWARDS VISA\nCard Program Description, a copy of which was provided to you with this Agreement.\n31. Military Lending Act Disclosures: Federal law provides important protections to members\nof the Armed Forces and their dependents relating to extensions of consumer credit. In\ngeneral, the cost of consumer credit to a member of the Armed Forces and his or her\ndependent may not exceed an annual percentage rate of 36 percent. This rate must include, as\napplicable to the credit transaction or account: The costs associated with credit insurance\npremiums, fees for ancillary products sold in connection with the credit transaction; any\napplication fee charged (other than certain application fees for specified credit transactions or\n\n\x0caccounts); and any participation fee charged (other than certain participation fees for a credit\ncard account).\nIn the event that any of the terms or provisions of this Agreement are proscribed by the\nMilitary Lending Act, such terms or provisions shall not apply to this Agreement or your\nAccount. The remaining terms and provisions of this Agreement, that are not affected\nthereby, shall remain in full force and effect.\nPlease call Municipal Credit Union at (844) 628-6969 and choose option \xe2\x80\x9c9\xe2\x80\x9d to receive\nimportant oral disclosures pursuant to the Military Lending Act.\n\nDear Card Member: This is your contract. Please read it and keep it for your records because\nwhen you use your Card, you\xe2\x80\x99ve agreed to the terms in the contract.\nMunicipal Credit Union\nBy_______________________________________\nAhmed Campbell, Vice President, Loan Operations\nP.O. Box 992, Peck Slip Station\nNew York, New York 10272-0992\n\nYour Billing Rights: Keep this Document for Future Use\nThis notice tells you about your rights and our responsibilities under the Fair Credit\nBilling Act.\nWhat To Do If You Find A Mistake On Your Statement\nIf you think there is an error on your statement, write to us at:\nMunicipal Credit Union\nCustomer Service\nP.O. Box 31112\nTampa, Florida 33631-3112\nIn your letter, give us the following information:\nAccount information: Your name and Account number.\nDollar amount: The dollar amount of the suspected error.\n\n\x0cDescription of problem: If you think there is an error on your bill, describe what\nyou believe is wrong and why you believe it is a mistake.\nYou must contact us:\nWithin 60 days after the error appeared on your statement.\nAt least 3 business days before an automated payment is scheduled, if you want to\nstop payment on the amount you think is wrong.\nYou must notify us of any potential errors in writing. You may call us, but if you do we are not\nrequired to investigate any potential errors and you may have to pay the amount in question.\nWhat Will Happen After We Receive Your Letter\nWhen we receive your letter, we must do two things:\n1. Within 30 days of receiving your letter, we must tell you that we received your letter. We\nwill also tell you if we have already corrected the error.\n2. Within 90 days of receiving your letter, we must either correct the error or explain to you\nwhy we believe the bill is correct.\n\nWhile we investigate whether or not there has been an error:\nWe cannot try to collect the amount in question, or report you as delinquent on\nthat amount.\nThe charge in question may remain on your statement, and we may continue to\ncharge you interest on that amount.\nWhile you do not have to pay the amount in question, you are responsible for the\nremainder of your balance.\nWe can apply any unpaid amount against your credit limit.\nAfter we finish our investigation, one of two things will happen:\nIf we made a mistake: You will not have to pay the amount in question or any\ninterest or other fees related to that amount.\nIf we do not believe there was a mistake: You will have to pay the amount in\nquestion, along with applicable interest and fees. We will send you a statement of\nthe amount you owe and the date payment is due. We may then report you as\ndelinquent if you do not pay the amount we think you owe.\nIf you receive our explanation but still believe your bill is wrong, you must write to us within 10\ndays telling us that you still refuse to pay. If you do so, we cannot report you as delinquent\n\n\x0cwithout also reporting that you are questioning your bill. We must tell you the name of anyone\nto whom we reported you as delinquent, and we must let those organizations know when the\nmatter has been settled between us.\nIf we do not follow all of the rules above, you do not have to pay the first $50 of the amount you\nquestion even if your bill is correct.\nYour Rights If You Are Dissatisfied With Your Credit Card Purchases\nIf you are dissatisfied with the goods or services that you have purchased with your credit card,\nand you have tried in good faith to correct the problem with the merchant, you may have the\nright not to pay the remaining amount due on the purchase.\nTo use this right, all of the following must be true:\n1. The purchase must have been made in your home state or within 100 miles of your\ncurrent mailing address, and the purchase price must have been more than $50.\n(Note: Neither of these are necessary if your purchase was based on an advertisement we\nmailed to you, or if we own the company that sold you the goods or services.)\n2. You must have used your credit card for the purchase. Purchases made with Cash\nAdvances from an ATM or with a check that accesses your credit card Account do not\nqualify.\n3. You must not yet have fully paid for the purchase.\n\nIf all of the criteria above are met and you are still dissatisfied with the purchase, contact us in\nwriting at:\nMunicipal Credit Union\nCustomer Service\nP.O. Box 31112\nTampa, Florida 33631-3112\nWhile we investigate, the same rules apply to the disputed amount as discussed above. After we\nfinish our investigation, we will tell you our decision. At that point, if we think you owe an\namount and you do not pay, we may report you as delinquent.\n\n\x0cMCU TRUE REWARDS VISA Program Description\n(\xe2\x80\x9cProgram Description\xe2\x80\x9d)\nAs used in this Program Description, the following definitions apply:\n\xe2\x80\x9cCard\xe2\x80\x9d refers to a Municipal Credit Union TRUE REWARDS VISA\xc2\xae card.\n\xe2\x80\x9cCardholder,\xe2\x80\x9d \xe2\x80\x9cyou,\xe2\x80\x9d and \xe2\x80\x9cyour\xe2\x80\x9d refer to any natural person who holds a valid Card.\n\xe2\x80\x9cAccount\xe2\x80\x9d refers to a Cardholder\xe2\x80\x99s Card Account.\n\xe2\x80\x9cProgram\xe2\x80\x9d refers to the Municipal Credit Union TRUE REWARDS VISA card program.\n\xe2\x80\x9cMCU\xe2\x80\x9d and \xe2\x80\x9cwe\xe2\x80\x9d refer to Municipal Credit Union.\nThis Municipal Credit Union TRUE REWARDS VISA Card Program Description contains the\nterms and conditions for participation in the Program. Please read the following terms and\nconditions, and keep this Program Description for your records.\nBy using your card, you agree to all of the terms and conditions in this Program Description. The\nterms and conditions herein shall apply to and be read together with the provisions in the MCU\nTRUE REWARDS VISA Cardholder Agreement and Disclosure Statement (\xe2\x80\x9cCardholder\nAgreement\xe2\x80\x9d). In the event of any discrepancy or inconsistency between the terms and conditions\nin this Program Description and those contained in the Cardholder Agreement\xe2\x80\x9d, the term and\nconditions in this Program Description shall govern is so far as they apply to cash back rewards.\n1. Cardholders will earn 1.5% cash back rewards on every $1 of eligible net purchases made with\nan MCU TRUE REWARDS VISA Card. \xe2\x80\x9cNet purchases\xe2\x80\x9d means the sum of your eligible purchase\ntransactions minus returns and refunds. For example, if you purchase merchandise for $100, but\nlater return $25 of merchandise from that purchase, you will receive rewards based on a \xe2\x80\x9cnet\xe2\x80\x9d\npurchase amount of $75. Cash back rewards are not earned for cash advances, convenience checks,\nbalance transfers, ATM cash disbursements, charges relating to credit protection and/or debt\ncancellation, or fees of any kind, including, but not limited to: finance charges, late fees, returned\ncheck fees, foreign ATM fees and ATM transaction fees. In addition, MCU cash equivalent\ntransactions, such as the purchase, loading or re-loading of MCU gift and prepaid cards do not\nearn rewards. MCU reserves the right to amend the percentage of cash back rewards earned and/or\nthe types of transactions that qualify to earn cash back rewards, including but not limited to special\nrewards promotions that may be offered from time to time.\n2. Cash back rewards cannot be earned until a MCU TRUE REWARDS VISA Account has been\nestablished. Only Accounts enrolled in MCU TRUE REWARDS VISA Program will qualify to\naccumulate cash back rewards. No retroactive credit will be provided. Cash back rewards are not\ntransferable between MCU rewards programs.\n3. MCU TRUE REWARDS VISA is not associated with any other credit card or rewards program\noffered by MCU or any third party. Cash back rewards may not be used in conjunction with any\nother discount or coupon offer.\n\n\x0c4. There are no monthly or annual caps on cash back rewards earned. Cash back rewards earned\ndo not expire.\n5. Cash back rewards earned are updated on the date the eligible transaction posts to your Account.\nCash back rewards may be redeemed once they have been credited to your Account and have been\nposted to your statement. Your credit card statement will show the accumulated cash back rewards\nyou have earned through the statement date. You must earn a minimum of $5.00 in cash back\nrewards before you can request a redemption of cash back rewards. The minimum cash back\nrewards redemption you may request is $5.00.\n6. Cash back rewards may be redeemed by accessing your Account at www.nymcu.org. or by\ncalling MCU toll-free at 1-800-481-7338 and accessing your cash back rewards information.\n7. You may choose to redeem your cash back rewards as follows: i) redeem for a statement credit\nto your Account for at least $5 up to the total cash back rewards balance at the time you redeem;\nor ii) redeem for a credit to the primary Cardholder\xe2\x80\x99s linked MCU FasTrack checking Account or\nMCU share Account. Cash back rewards redeemed for a statement credit will post to your Account\nwithin 3 days of the date you request redemption and will be applied to your existing balance.\nCash back rewards redeemed for a statement credit will not affect your Account\xe2\x80\x99s monthly\nminimum payment requirements. Cash back rewards that have not been redeemed by November\n30th of each year will be automatically credited to your Account and appear on your next\n(December) monthly billing statement. Cash back rewards redemptions are final and will be\ndeducted from your cash back rewards balance on the date you request redemption.\n8. In order to redeem cash back rewards, your Account must be open and current. Cash back\nrewards cannot be earned or redeemed if your Account is past due, over the limit, or otherwise in\nviolation of your Cardholder Agreement, until your Account status is in good standing. MCU\nreserves the right to determine whether your Account meets these qualifications. Cash back\nrewards on Accounts closed (by you or MCU) are immediately and irrevocably forfeited and no\nlonger eligible for redemption. If you choose to close your Account, cash back rewards must be\nredeemed at time of closure, or else cash back rewards earned by your Account will be forfeited.\n9. Only the primary Cardholder of an MCU TRUE REWARDS VISA Account may request to\nredeem cash back rewards.\n10. Cash back rewards are the property of MCU. Cash back rewards have no cash value until such\ntime as you may request and receive redemption for your eligible cash back rewards. Cash back\nrewards cannot be purchased, sold, transferred, bartered, pledged or assigned in any way (including\nupon death, divorce, or a bankruptcy filing). A Cardholder is not entitled to compensation from\nMCU or any other entity if cash back rewards are forfeited or your Account is terminated for any\nreason.\n11. MCU reserves the right to approve, deny, or revoke participation in the Program to any\nindividual for any reason. MCU, in its sole discretion, reserves the right to suspend or cancel\nparticipation in the Program and declare all rewards forfeited in the event a Cardholder is suspected\nof, or has committed, fraud, abuse, or a violation of the Program Description or the Cardholder\nAgreement. Disputed or unauthorized transactions will not earn rewards.\n\n\x0c12. Determination of tax liability (if any) is the sole responsibility of the Cardholder. You are\nresponsible for any personal tax liability relating to you participation in the Program and/or cash\nback rewards that you redeem. You may be issued an Internal Revenue Service Form 1099 (or\nother appropriate form) that reflects the value of cash back rewards redeemed. Please consult your\ntax advisor.\n13. MCU reserves the right to amend, modify, or change this Program Description and the cash\nback rewards offerings at any time and without prior notice. For example, and without limitation,\nMCU may change the amount of cash back rewards awarded for eligible card transactions or\nrequired to redeem for cash back rewards. MCU also reserves the right to terminate the Program\nat any time without prior notice. If we do make any changes to this Program Description, we will\npost an updated copy on www.nymcu.org. If we terminate the Program, you will only have 90\ndays to request redemption of earned cash back rewards.\n14. MCU shall have no liability for disagreement with the Cardholder about cash back rewards.\nDiscrepancies about cash back rewards are not treated as credit card billing disputes. Please refer\nto your Cardholder Agreement or credit card statement(s) for details about billing disputes. MCU\nshall decide cash back rewards disputes and MCU\xe2\x80\x99s decision shall be final.\n15. MCU is not responsible for errors and/or omissions in the Program Description.\n16. The laws of New York shall govern the Program\xe2\x80\x99s terms and conditions. The Program is void\nwhere prohibited by federal, state or local law.\n17. All capitalized terms are defined in this Program Description, or if not here, then in the\nCardholder Agreement, which is incorporated into this Program Description by reference.\n18. For questions regarding the Program, please visit MCU online at www.nymcu.org or call us\nat 1-800-481-7338.\n\nTRV DIG. 06/19\n\n\x0cMUNICIPAL CREDIT UNION\n\nSUPPLEMENT TO MUNICIPAL CREDIT UNION TRUE REWARDS VISA\nCARDHOLDER AGREEMENT AND DISCLOSURE STATEMENT\nSpecial Introductory Annual Percentage Rate\nThe interest rate which will apply to purchases and balance transfers during the first twelve (12) months\nfollowing the opening of your account is a special introductory rate and is not on based on the index and\nmargin which are set forth in the MCU TRUE REWARDS VISA Cardholder Agreement and Disclosure\nStatement. The special introductory ANNUAL PERCENTAGE RATE is, depending on your credit\nworthiness, 0.00%, 2.90%, 3.90% or 5.90%, which correspond to a Daily Periodic Rate of .00000%,\n.00795%, .01069%, or .01616% respectively. Beginning in the billing cycle which next follows the\nexpiration of the twelve (12) month introductory rate period, the variable annual percentage rate\ndescribed in your MCU TRUE REWARDS VISA Cardholder Agreement and Disclosure Statement will\napply to any existing and new purchase and transferred balances. The ANNUAL PERCENTAGE RATE\nwhich would have applied using the margin and index in effect on June 15, 2019 is, depending on your\ncreditworthiness, 14.65%, 15.90%, 17.40% or 19.15%, which correspond to a Daily Periodic Rate of\n.04014%, .04356%, .04767% or .05246% respectively.\nINTEREST RATES AND INTEREST CHARGES\nAnnual Percentage Rate\n(APR) for Purchases and\nBalance Transfers\n\n0.00%, 2.90%, 3.90% or 5.90% Introductory APR for the first twelve\n(12) months depending on your creditworthiness.\n\nAfter that, 14.65%,\n\n15.90%, 17.40%\n\n19.15%\n\nor\nAPR, based on\nyour creditworthiness at account opening. These APRs will vary with the market based\non the Prime Rate.*\nAPR for Cash Advances\n\n17.90%\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 and Balance Transfers if you pay your entire\nbalance by the due date each month. We will begin charging interest on Cash\nAdvances on the transaction date.\n\nMinimum Interest Charge\n\nIf you are charged interest, the charge will be no less than $.50.\n\nFor Credit Card Tips\nfrom the Consumer\nFinancial Protection\nBureau\n\nTo learn more about factors to consider when applying for or using a credit card, visit\nthe website of the Consumer Financial Protection Bureau at\nhttp://www.consumerfinance.gov/learnmore\n\nFees\nAnnual Fee\n\nNone\n\nTransaction Fees\nBalance\nTransfers\nCash Advances\n\nEither $2.00 or 3% of the amount of each Balance Transfer, whichever is greater.\nEither $2.00 or 3% of the amount of each Cash Advance, whichever is greater\n(maximum $30.00).\n\n\x0cForeign\nTransactions\n\n1% of each transaction in U.S. dollars.\n\nPenalty Fees\nLate Payment\nReturned Payment\n\nUp to $30\nUp to $20\n\nHow We Will Calculate Your Balance: We use a method called \xe2\x80\x9caverage daily balance (including new\npurchases).\xe2\x80\x9d\n*Variable rates may change quarterly based upon the movement in the highest prime rate as published in\nThe Wall Street Journal on March 15th , June 15th, September 15th and December 15th of each year (the\n\xe2\x80\x9cPrime Rate\xe2\x80\x9d). We add, depending on your creditworthiness, 9.15%, 10.40%, 11.90% or 13.65% to the\nPrime Rate to determine the Purchases/Balance Transfers APR. The Prime Rate as of\nJune 15, 2019 was 5.50%. (Refer to Section 8a. of the Cardholder Agreement for more details.)\nBilling Rights: Information on your rights to dispute transactions and how to exercise those rights is\nprovided in the Cardholder Agreement.\nTRV COMB 06/19\n\n\x0cMunicipal Credit Union\nMUNICIPAL CREDIT UNION TRUE REWARDS VISA \xe2\x80\x93 PRICING INFORMATION\nAnnual Percentage Rate\n(APR) for Purchases and\nBalance Transfers\n\n14.65%, 15.90%, 17.40%, or 19.15%, based on your creditworthiness\n\nAPR for Cash Advances\n\n17.90%\n\nPaying Interest\n\nMinimum Interest Charge\n\nYour due date is at least 25 days after the close of each billing cycle. We will not charge\nyou any interest on Purchases and Balance Transfers if you pay your entire balance by the\ndue date each month. We will begin charging interest on Cash Advances on the transaction\ndate.\nIf you are charged interest, the charge will be no less than $.50.\n\nFor Credit Card Tips from\nthe Consumer Financial\nProtection Bureau\n\nTo learn more about factors to consider when applying for or using a credit card, visit the\nwebsite of the Consumer Financial Protection Bureau at\nhttp://www.consumerfinance.gov/learnmore\n\nAnnual Fee\n\nNone\n\nTransaction Fees\nBalance Transfers\n\nEither $2 or 3% of the amount of each Balance Transfer, whichever is greater.\n\nat account opening. These APRs will vary with the market based on Prime Rate.\n\nCash Advances\n\nEither $2 or 3% of the amount of each Cash Advance, whichever is greater (maximum\n$30.00).\n\nForeign Transactions\n\n1% of each transaction in U.S. dollars.\n\nPenalty Fees\nLate Payment\nReturned Payment\n\nUp to $30\nUp to $20\n\nHow We Will Calculate Your Balance: We use a method called \xe2\x80\x9caverage daily balance (including new purchases).\xe2\x80\x9d See\nHow Do We Calculate the Interest Charge? below for more details.\n\nOther Things You Should Know\nCan We Increase Interest Charges & Fees?\nWe may increase your interest charges for new transactions and your fees after the first year of the account. We may change\nany other terms of your account at any time. We will give you notice of any changes as required by law.\nHow Do We Calculate Variable Rates?\nVariable rates may change quarterly based upon the movement in the highest prime rate as published in The Wall Street\nJournal (the \xe2\x80\x9cPrime Rate\xe2\x80\x9d) on March 15th, June 15th, September 15th and December 15th of each year (the \xe2\x80\x9cindex dates\xe2\x80\x9d). We\nadd, depending on your creditworthiness, 9.15%, 10.40%, 11.90% or 13.65% to the Prime Rate on each index date to\ndetermine the Purchases/Balance Transfers APR. A change in the APR resulting from a change in the index on any of the\nabove index dates will be effective as of the beginning of your billing period in the May, August, November or February next\nfollowing that index date. The Prime Rate as of June 15, 2019 was 5.50%.\nWhat Are the Daily Periodic Rates Used To Calculate Your Interest?\nWe determine your daily periodic rate by dividing the corresponding Annual Percentage Rate by 365 and round to the nearest\n1/100,000th of 1%. If the daily periodic rates and corresponding Annual Percentage Rates increase, the interest charge will\nTRV 06/19\n\n\x0cincrease and our minimum payment may be greater. See How Do We Calculate The Interest Charge? below for more details.\nBased on the rates set forth in the above table, the daily periodic rate for your Purchases/Balance Transfers APR, would be\n.04014%, .04356%, .04767% or .05246% and the daily periodic rate for your Cash Advances APR would be .04904%.\n\nHow Can You Avoid Paying Interest Charges?\nEach month you pay your \xe2\x80\x9cNew Balance\xe2\x80\x9d of Purchases in full by the due date, you will have a minimum grace period of 25\ndays with no interest charge on all new Purchases and Balance Transfers. If you have been paying your Purchases Account in\nfull with no interest charges applied and you do not pay your next bill in full, prorated interest charges will be assessed. There\nis no grace period on Cash Advances or on any new transaction on your Purchases Account when there is an unpaid balance\nfrom a previous bill.\nHow Do We Calculate The Interest Charge?\nThe Interest Charge Calculation Methods applicable to your Purchases and Cash Advances Accounts are as follows:\nPurchases Account \xe2\x80\x93 The Interest Charge for a billing cycle is computed by applying the applicable periodic rate to the\n\xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Purchases Account (which includes Balance Transfers). To get the average daily balance, we\ntake the beginning balance of your Purchases Account each day, add any new Purchases, or Balance Transfers, and subtract\nany payments, credits, unpaid periodic interest charges and other unpaid fees and charges. This gives us the daily balance.\nThen we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This\ngives us the average daily balance. Finally, we multiply the average daily balance by the daily periodic rate (the APR divided\nby 365) and the number of days in the billing period.\nCash Advances Account \xe2\x80\x93 The Interest Charge for a billing cycle is computed by applying the applicable periodic rate to the\n\xe2\x80\x9caverage daily balance\xe2\x80\x9d of your Cash Advances Account. To get the average daily balance, we take the beginning balance of\nyour Cash Advances Account each day, add any new Cash Advances, and subtract any payments, unpaid periodic interest\ncharges and other unpaid fees and charges. This gives us the daily balance. Then we add up all the daily balances for the\nbilling cycle and divide the total by the number of days in the billing cycle. This gives us the average daily balance. Finally,\nwe multiply the average daily balance by the daily periodic rate (the APR divided by 365) and the number of days in the billing\nperiod.\n\nTRV 06/19\n\n\x0c'