CREDIT CARD AGREEMENT AND DISCLOSURE STATEMENT  
FOR YOUR GECU EMPOWERMENT CREDIT CARD 

Disclosure to GECU Empowerment Credit Card Agreement and Disclosure Statements 

Disclosure of variable rates and fees are accurate and based on the Prime Rate of 5.00% in effect 
as  of  October  1,  2019  and  may  have  changed.  To  receive  the  most  recent  information,  contact 
GECU at 1-800-772-4328. 

Interest Rates and Interest Charges 
Annual Percentage Rate 
(APR) for Purchases, 
Balance Transfers, and 
Convenience Checks  

1.90% introductory APR is effective upon the opening of your account if 
you are approved for a GECU Empowerment credit card and your credit 
score is 610 and above. APR is fixed for the first 6 statement billing cycles 
following the opening of the account for all purchases, balance transfers, and 
convenience checks.  After that the variable Standard Rate purchases, 
balance transfers, and convenience checks will apply. The Introductory Rate 
may end sooner if your payment is late. See explanation below. 

After that, your APR will 9.65%, 11.00%, 12.40%, 
16.65%, or 17.90% as of 10-1-19, depending on your 
creditworthiness1 

This APR will vary on the market based on the Prime Rate.2  
1.90% introductory APR is effective upon the opening of your account if 
you are approved for a GECU Empowerment credit card and your credit 
score is 610 and above. APR is fixed for the first 6 statement billing cycles 
following the opening of the account for all cash advances.  After that the 
variable Standard Rate for purchases, balance transfers, and convenience 
checks will apply to the remaining balance.  The variable APR for Cash 
Advances will apply to cash advances conducted after the expiration of the 
Introductory Rate. The Introductory Rate may end sooner if your payment is 
late. See explanation below. 

2% above your APR for Purchases, not to exceed 17.90%. 
The APR will vary on the market based on the Prime Rate.2 
None 

Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month. We will begin charging interest on cash advances, 
balance transfers, and convenience checks on the transaction date. 
Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month. 

APR for Cash Advances 

Penalty APR and When it 
Applies 
Paying Interest 

How to Avoid Paying 
Interest on Purchases 

Minimum Interest Charge  None 
For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection 
Bureau at http://www.consumerfinance.gov/learnmore 

Fees and Charges 
Annual Fee 
Transaction Fees 
•  Balance Transfer  

None 

None 

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•  Foreign Transaction 
Penalty Fees 
•  Late Payment 
•  Over-the-Limit 
•  Returned Payment 

1% of transaction 

If payment is 10 days or more past due, you will be charged up to $25. 
None 
Up to $25 

How  We  Will  Calculate  your  Balance:    We  will  use  a  method  called  “average  daily  balance  (including 
purchases)”. See your account agreement for more details. 

Military Lending Act Disclosures: Federal law provides important protections to members of the Armed 
Forces  and  their  dependents  relating  to  extensions  of  consumer  credit.  In  general,  the  cost  of  consumer 
credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage 
rate  (APR)  of  36%.  This  rate  must  include,  as  applicable  to  the  credit  transaction  or  account:  The  costs 
associated  with  credit  insurance  premiums;  fees  for  ancillary  products  sold  in  connection  with  the  credit 
transaction; any application fee charged (other than certain application fees for specified credit transactions 
or  accounts);  and  any  participation  fee  charged  (other  than  certain  participation  fees  for  a  credit  card 
account). Please call us at (844) 351-4328 to receive disclosures orally. 

Billing  Rights:    Information  on  your  rights  to  dispute  transactions  and  how  to  exercise  those  rights  is 
provided in your account agreement. 

Loss of Introductory APR:  If the account is closed for any reason (including closure based on default of 
another GECU account), any introductory APR (the “Introductory APR”) then in effect is forfeited and the 
APR that will be applied to the outstanding balance will be the Standard Rate. 

1 The Periodic Rate (DPR) for the APRs listed in the table above are as follows: 

Standard Rate DPR 
9.65% APR (.02644% DPR) 
11.00% APR (.03014% DPR) 
12.40% APR (.03397% DPR) 
16.65% APR (.04562% DPR) 
17.90% APR (.04904% DPR) 
17.90% APR (.04904% DPR) 

Cash Advance Rate DPR 
11.65% APR (.03192% DPR) 
13.00% APR (.03562% DPR) 
14.40% APR (.03945% DPR) 
17.90% APR (.04904% DPR) 
17.90% APR (.04904% DPR) 
17.90% APR (.04904% DPR) 

2  The  Standard  Rate  Annual  Percentage  Rate  (APR)  may  vary  quarterly.  The  APR  is  a  variable  rate 
determined quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on 
our  review  of  your  application  and  credit  history)  to  the  Prime  Rate  (Index)  which  is  published  in  the 
“Money Rates” column of The Wall Street Journal on the last business day of each calendar quarter. The 
Index  will  be  applied  the  first  day  of  your  billing  cycle  that  ends  in  the  calendar  month  following  each 
quarter end. Your account shall generally be reviewed every 12 to 24 months to determine the appropriate 
margin  and  credit  score  range,  and  as  otherwise  required  by  law.   Changes  to  your  APR  will  be  applied 
upon notification in accordance with applicable laws and regulations. 

Notice: Read and retain this copy of your Agreement and Truth-in-Lending Disclosure for 
future reference. 

IN  THIS  AGREEMENT:  This  Agreement  and  Disclosure  Statement 
TERMS  USED 
(“Agreement”)  cover  your  GECU  Empowerment  credit  card  (“Account”)  with  us.  In  this 
Agreement, the word “you” and “your” means any person who signs the GECU Empowerment 
credit card Application (“Application”) or any person who uses the Card(s). “We,” “our,” and “us” 
means GECU,  primary address  located  at  1225  Airway  Drive,  El  Paso, TX  79925. The “Card” 
means  any  credit  card  issued  to  you  or  those  designated  by  you  under  the  terms  of  this 
Agreement.  “Use  of  the  Card”  means  any  procedure  used  by  you,  or  someone  authorized  by 
you, to make a purchase or an advance whether or not the purchase or advance is evidenced 
by  a  signed  written  document.  “Unauthorized  use”  means  the  use  of  your  Card  by  a  person, 

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other than you, who does not have actual, implied or apparent authority for such use, and from 
which you receive no benefit. In this Agreement, any plural terms shall be deemed singular and 
any singular terms shall be deemed plural when context and construction so require. 

EXTENSION OF CREDIT: If your application is approved, we may, at our discretion, establish 
an Account in your name and cause one or more Cards to be issued to you or those designated 
by  you.  In  such  event,  you  authorize  us  to  pay  for  your  Account,  all  items  reflecting  credit 
purchases, balance transfers, convenience checks, and cash advances obtained through use of 
the Card. Being a member of GECU is necessary to obtain and maintain use of the Card. 

NOTE:  You must qualify for a minimum credit line of $2,000 to receive GECU Empowerment credit 
card  benefits.   For  a  complete  description  of benefits,  please refer to  the  summary  of  benefits 
provided with your new card. 

JOINT APPLICANT LIABILITY: If this Agreement is executed by more than one person, each 
of you shall be jointly and individually liable to us for all charges made to the Account, including 
applicable  fees.  In  addition,  you  agree  that  each  of  you  designates  the  other  as  agent  for  the 
purpose  of  making  purchases  extended  under  this  Agreement  and  each  use  of  your  Account 
shall be an extension of credit to all. Notice to one of you shall constitute notice to all. Any joint 
cardholder  may  remove  him/herself  from  responsibility  for  future  purchases  at  any  time  by 
notifying  us  in  writing.  However,  removal  from  the  Account  does  not  release  you  from  any 
liability already incurred. 

CONVENIENCE  CHECKS:  We  may,  at  our  discretion,  issue  checks  to  you.  By  signing  such 
checks, you authorize us to pay the item for the amount indicated and post such amount as a 
cash  advance  to  your  Account.  We  do  not  have  to  pay  any  item  which  would  cause  the 
outstanding  balance  in  your  Account  to  exceed  your  credit  limit.  We  may  reject  and  return 
unpaid any Convenience Check you write for any reason.  Checks used to access your account 
may not be accepted if made to cash, you, or if presented in a format other than the checks we 
issue.  Convenience checks may not be used to pay off existing debt at GECU.  

OTHERS  USING  YOUR  ACCOUNT:  If  you  allow  anyone  else  to  use  your  Card,  you  will  be 
liable  for  all  credit  extended  to  such  persons.  You  promise  to  pay  for  all  purchases,  balance 
transfers, convenience checks, and cash advances made by anyone whom you authorize to use 
your  Card,  whether  or  not  you  notify  us  that  he  or  she  will  be  using  it.  If  someone  else  is 
authorized to use your card and you want to end that person’s privilege, you must notify us in 
writing and, if he or she has a Card, you must return the Card with your written notice for it to be 
effective. 

CREDIT LIMITS: You promise that payments we make for your Account(s) resulting from use of 
the Card will, at no time, cause the outstanding balance of your Account to exceed your credit 
limit as established by us or as adjusted from time to time at our discretion. 

TRANSACTION LIMITS:  The maximum balance permitted for all cash advance transactions is 
50  percent  of  your  credit  limit,  subject  to  the  terms  and  limitations  outlined  herein.    Balance 
transfers between the GECU credit card programs are not permitted. 

PROMISE TO PAY: You promise to pay us in U.S. dollars for (a) all purchases, cash advances, 
balance transfers, and convenience checks made by you or anyone whom you authorize to use 
the  Card  or  Account;  (b)  FINANCE  CHARGES  and  other  charges  or fees;  (c)  collection  costs 
and attorneys’ fees as permitted by applicable law and any costs incurred in the recovery of the 
Card; and (d) credit in excess of your credit limit that we may extend to you. At the end of each 

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monthly billing cycle for which you have a balance on your Account, you will be furnished with a 
periodic statement showing (i) the “Previous Balance” (the outstanding balance in the Account 
at the  beginning  of the billing  cycle),  (ii)  the  amount of  all  cash  advances,  purchases,  balance 
transfers,  convenience  checks,  over-the-limit  fees,  late  charges,  annual  fees,  FINANCE 
CHARGES  and  other  charges  or  fees  posted  to  your  Account  during  the  billing  cycle,  (iii)  the 
amount of all payments and credits posted to your Account during the billing cycle and (iv) the 
“New Balance” which is the sum of (i) and (ii) minus (iii). 

You agree to pay for your Account on or before the Payment Due Date shown on the monthly 
periodic statement either the entire New Balance or a Minimum Payment equal to any amount, 
which  is  at  least  2%  of  the  New  Balance  or  $25.00  whichever  is  greater,  plus  any  amount  in 
excess  of  the  credit  limit  established  by  us  and  any  past  due  minimum  payments.  If  the  New 
Balance is $25.00 or less, you agree to pay it in full. You may make extra payments in advance 
of the  due  date  without a  penalty  and  you may  repay  any funds  advanced, credit  extended  or 
amount outstanding at any time without a penalty for early payment. Regardless of the amount 
of  any  extra  payment  during  a  given  month,  a  monthly  payment  will  be  required  the  following 
month if a balance remains in your Account. 

COST  OF  CREDIT:  You  will  pay  a  FINANCE  CHARGE  for  all  advances  made  against  your 
Account. FINANCE CHARGES for cash advances, balance transfers, and convenience checks 
begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE 
on the date they are posted to your Account if you have paid the Account in full by the Payment 
Due Date shown on your previous monthly statement or if there was no previous balance. Cash 
Advances incur a FINANCE CHARGE from the date they are posted to your Account. 

No  additional  FINANCE  CHARGES  will  be  imposed  on  new  purchases  shown  on  your 
statement if the New Balance shown on the statement is paid in full by the Payment Due Date 
reflected on the statement. For purchases made with your Card, there is at least a 25-day grace 
period within which the New Balance may be paid without incurring a FINANCE CHARGE. 

The Periodic Rate portion of the FINANCE CHARGE is figured by applying the periodic rate to 
the  “Balance  Subject  to  FINANCE  CHARGE”  which  is  the  “Average  Daily  Balance”  of  your 
Account,  including  current  transactions. The  Average  Daily  Balance  is  arrived  at  by  taking  the 
beginning  balance  of  your  Account  each  day,  adding  new  cash  advances,  balance  transfers, 
and  convenience  checks,  and  unless  you  pay  your  entire  Account  Balance  in  full  by  the 
Payment Due Date shown on your previous monthly statement or there is no previous balance, 
adding  in  new  purchases,  and  subtracting  any  payments  or  credits  and  unpaid  FINANCE 
CHARGES.  This  gives  us  the  daily  balance.  The  daily  balances  for  the  billing  cycle  are  then 
added together and divided by the number of days in the billing cycle. The result is the “Average 
Daily  Balance.”  The  Periodic  Rate  portion  of  the  FINANCE  CHARGE  is  determined  by 
multiplying  the  Average Daily  Balance  by  the  number  of  days  in  the  billing  cycle  and  applying 
the respective periodic rate to the product. If your periodic rate is computed based on an Index, 
your periodic rate(s) may vary. 

If  your  Account  features  an  Introductory  Rate,  you  will  pay  an  Introductory  Rate  FINANCE 
CHARGE for purchases made at the periodic rate and corresponding ANNUAL PERCENTAGE 
RATE (APR) and for the time period set forth. Thereafter, the ANNUAL PERCENTAGE RATE 
may  vary  quarterly.  The  APR  (other  than  the  Introductory  APR)  is  a  variable  rate  determined 
quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on 
our  review  of  your  application  and  creditworthiness)  to  the  Prime  Rate  (Index).  This  Index  as 
published in the “Money Rates” column of The Wall Street Journal on the last business day of 
each  calendar  quarter.  If  the  last  business  day  of  a  calendar  quarter  falls  on  a  weekend  or  a 

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holiday,  then  the  Index  published  on  the  preceding  business  day  for  that  month  will  be  used. 
The  Index  will  be  applied  the  first  day  of  your  billing  cycle  that  ends  in  the  calendar  month 
following each quarter end.  Your account shall generally be reviewed every 12 to 24 months to 
determine  the  appropriate  margin  and  credit  score  range,  and  as  otherwise  required  by  law.  
Changes  to  your  ANNUAL  PERCENTAGE  RATE  will  be  applied  upon  notification  in 
accordance with applicable laws and regulations. 

The  ANNUAL  PERCENTAGE  RATE  for  purchases,  cash  advances,  balance  transfers,  or 
convenience  checks  in any  given  billing  cycle, except for  any Introductory  Rate  period,  will  be 
the  Index  plus  the  margin  as  set  forth  in  the  Additional  Disclosure.  The  ANNUAL 
PERCENTAGE RATES for purchases, balance transfers, and convenience checks are referred 
to  as  the  Standard  Rate.  The  daily  periodic  rate  and  corresponding  ANNUAL  PERCENTAGE 
RATE for purchases, cash advances, balance transfers, and convenience checks are set forth 
in the Additional Disclosure. 

For  all,  purchases,  cash  advances,  balance  transfers,  and  convenience  checks,  the  Standard 
Rate  ANNUAL PERCENTAGE RATE will never be greater than 17.90% with a corresponding 
Standard Rate Daily Periodic Rate of .04904%. 

Please  note  that  the  terms  of  your  account,  including  any  of  the  ANNUAL  PERCENTAGE 
RATES, are subject to change. Future changes to the ANNUAL PERCENTAGE RATES will be 
in accordance with the Agreement and Disclosure Statement for your account. 

PENALTY APR:  No Penalty APR. 

LIABILITY FOR UNAUTHORIZED USE: Under MasterCard’s® zero liability policy, you will not 
be  liable  for  an  unauthorized  transaction,  as  long  as  you  exercised  reasonable  care  in 
safeguarding the card from risk of loss or theft, and upon becoming aware, promptly notify our 
designee  orally  or  in  writing  of  the  loss,  theft,  or  possible  unauthorized  use  at  Card  Services, 
IA  50306,  Telephone  Number 
Dispute  Processing,  P.O.  Box  10409,  Des  Moines, 
1.800.810.2252.  In  any  case,  your  maximum  liability  for  unauthorized  use  of  the  Card  will  not 
exceed  $50.00  and  you will  not  be  liable for  any  unauthorized  use  that  occurs  after  you  notify 
our designee of the address or telephone number above.  

SKIP PAYMENT OPTION: We may designate a billing period in which you will have an option 
to  skip  a  payment  or  pay  less  than  the  Minimum  Payment  Due.    If  you  exercise  this  option, 
FINANCE  CHARGES  will  accrue  based  on  your  “Average  Daily  Balance”  as  described  in  the 
GECU Empowerment Credit Card Agreement and Disclosure Statement. 

CREDITING OF PAYMENTS: Payments made on your Account at the address designated for 
payment on the monthly periodic statement or in-person payments at a branch made prior to the 
close of business will be credited on the date of receipt. If the date of receipt is not a business 
day, your payment will be credited on the first business day following receipt. Payments on your 
Account  will  be  applied  first  to  collection  costs,  then  to  any  FINANCE  CHARGE  and  to  other 
fees due, and then to the unpaid principal balance as required by law. We reserve the right to 
withhold credit availability on any payment. Interest paid or agreed to be paid shall not exceed 
the  maximum  amount  of  interest  permissible  under  applicable  law,  and  in  any  contingency 
whatsoever,  if  we  shall  receive  anything  of  value  deemed  interest  under  applicable  law  which 
would exceed the maximum amount of interest permissible under applicable law, the excessive 
interest shall be applied to the reduction of the unpaid principal amount or refunded to you. 

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ATM TRANSACTIONS:  When you conduct a transaction at an ATM, you may be charged a 
fee by the ATM operator or any network used to complete the transfer. 

LATE PAYMENT FEE: If a payment is 10 days or more past due, you will be charged a Late 
Payment Fee up to $25.  If your minimum payment is less than $25, the Late Payment Fee will 
be equal to your minimum payment.* 

ANNUAL FEE: No Annual Fee. 

OVER-THE-LIMIT FEE: No Over-the-Limit Fee. 

RETURNED  PAYMENT  FEE:   We  will  charge  you  a  Returned  Payment  Fee  up  to  $25  if  any 
payment you send us is returned unpaid for any reason.  We will charge you this fee each time 
any payment is returned unpaid, even if it is paid upon resubmission. If your minimum payment 
is less than $25, the Returned Payment Fee will be equal to your minimum payment.* 

*MULTIPLE  FEES:  In  the  event  that  the  Late  Payment  Fee  and  the  Returned  Payment  Fee 
apply concurrently, we will not charge you more than one fee for a single event. 

OTHER FEES: 
Convenience Check Fee…………………………….$4.00 
Duplicate Statement Fee……………………………..$5.00 
Expedited Card Fee………………………………..$29.50 
Balance Transfer Stop Payment Fee…………..….$25.00 
Telephone Operator Assistance Fee  
    (for expedited service)………………………….….$5.00 

SECURITY:  YOU  GRANT  THE  CREDIT  UNION  A  SECURITY  INTEREST  UNDER  THE 
UNIFORM  COMMERCIAL  CODE  AND  UNDER  ANY  COMMON  LAW  RIGHTS  THE  CREDIT 
UNION MAY HAVE IN ANY GOODS YOU PURCHASE. YOU SPECIFICALLY GRANT US  A 
SECURITY  INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE  WITH  US 
NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT  OF  CREDIT  EXTENSIONS  MADE 
UNDER  THIS  AGREEMENT.  THE  GRANTING  OF  THIS  SECURITY  INTEREST  IS  A 
CONDITION  FOR  THE  ISSUANCE  OF  ANY  CARD  WHICH  YOU  MAY  USE,  DIRECTLY  OR 
INDIRECTLY, TO OBTAIN EXTENSIONS OF CREDIT UNDER THIS AGREEMENT. SHARES 
AND  DEPOSITS  IN  AN  INDIVIDUAL  RETIREMENT  ACCOUNT  (IRA)  OR  ANY  OTHER 
ACCOUNT THAT WOULD LOSE SPECIAL TAX TREATMENT UNDER STATE OR FEDERAL 
LAW  IF  GIVEN  AS  SECURITY  ARE  NOT  SUBJECT  TO  THE  SECURITY  INTEREST  YOU 
ARE  GIVING.  COLLATERAL  SECURING  OTHER  LOANS  WITH  US  MAY  ALSO  SECURE 
PAYMENTS  FOR  YOUR  ACCOUNT  UNDER  THIS  AGREEMENT.  YOU  MAY  WITHDRAW 
THESE OTHER SHARES UNLESS YOU ARE IN DEFAULT. WHEN YOU ARE IN DEFAULT, 
YOU  AUTHORIZE  US  TO  APPLY  THE  BALANCE  IN  THESE  ACCOUNTS  TO  ANY 
AMOUNTS  DUE.  FOR  EXAMPLE,  IF  YOU  HAVE  AN  UNPAID  CREDIT  CARD  BALANCE, 
YOU AGREE WE MAY USE FUNDS IN YOUR ACCOUNT(S) TO PAY ANY OR ALL OF THE 
UNPAID BALANCE. YOU ACKNOWLEDGE AND AGREE THAT YOUR PLEDGE DOES NOT 
APPLY DURING  ANY PERIODS WHEN YOU  ARE  A COVERED BORROWER UNDER THE 
MILITARY  LENDING  ACT.  FOR  CLARITY,  YOU  WILL  NOT  BE  DEEMED  A  COVERED 
BORROWER,  AND  YOUR  PLEDGE  WILL  APPLY,  IF:  (I)  YOU  ESTABLISHED  YOUR 
CREDIT CARD ACCOUNT WHEN YOU WERE NOT A COVERED BORROWER; OR (II) YOU 
CEASE TO BE A COVERED BORROWER. 

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UNLESS  OTHERWISE  PROHIBITED  BY  FEDERAL  AND/OR  STATE  LAW,  COLLATERAL 
SECURING  OTHER  LOANS  YOU  HAVE  WITH  THE  CREDIT  UNION  MAY  ALSO  SECURE 
THIS LOAN, EXCEPT  THAT  A DWELLING WILL NEVER BE CONSIDERED  AS SECURITY 
FOR  THIS  ACCOUNT,  NOTWITHSTANDING  ANYTHING  TO  THE  CONTRARY  IN  ANY 
OTHER AGREEMENT. 

DEFAULT: You will be in default: (1) if you fail to make any payment on time; (2) if you fail to 
keep any promises you have made under this or any other agreement with us; (3) if you are the 
subject of an order of relief under Title 11 of the U.S. Code (Bankruptcy); (4) if anyone tries, by 
legal process, to take any of your money maintained with us; (5) if you have given us false or 
inaccurate  information  in  obtaining  your  Card;  or  (6)  if  we  reasonably  believe  that  you  are 
unable or unwilling to repay your obligations to us. 

ACCELERATION: If you are in default, without notice to you, we may accelerate your debt and 
call any amounts you owe immediately due and payable, plus FINANCE CHARGES which shall 
continue to accrue until the entire amount is paid. If you default on your Account you authorize 
us  to  transfer  the  balance  of  your  Account  to  another  linked  account  of  yours.  You  expressly 
waive  any  right  to  notice  of  our  intention  to  accelerate  and  notice  that  your  debt  has  been 
accelerated. 

TERMINATION  AND  CHANGES:  You  may  terminate  this  Agreement,  by  written  notice,  as  to 
future  advances  at  any  time.  We  can  terminate  this  Agreement  at  any  time  subject  to  such 
notice  as  may  be  required  by  applicable  law.  Termination  by  either  party  shall  not  affect  your 
obligation to repay any payments made for your Account resulting from use of the Card as well 
as  FINANCE  CHARGES  and  other  related  charges.  We  may  change  the  terms  of  this 
Agreement, including the periodic rate, at any time subject to such notice as may be required by 
applicable law. 

CLOSING  AN  ACCOUNT  AND  CONTINUATION  OF  CERTAIN  TERMS  OF  THIS 
AGREEMENT: We may  close  or  suspend  your Account  at  any time  without  prior  notice.    You 
may  also  close  your  Account  by  notifying  us.    Once  your  account  is  closed,  (A)  you  may  not 
make any new transactions, and you must destroy all Cards and Convenience Checks; and (B) 
you must repay any outstanding balance pursuant to the Terms of this Agreement.  Closing the 
Account will not prevent transactions from being added to the Account and you will remain liable 
for all unpaid balances including transactions made or processed after the date the Account is 
closed. 

NOTIFICATION  ADDRESS  FOR  INFORMATION  REPORTED  TO  CONSUMER  REPORTING 
AGENCIES: We may report the status and payment history of your Account to credit reporting 
agencies  each  month.  If  you  believe  that  the  information  we  have  reported  is  inaccurate  or 
incomplete,  please  notify  us  in  writing  at  our  primary  address  shown  in  the  Terms  of  this 
Agreement  section  of  this  Agreement.  Please  include  your  name,  address,  home  telephone 
number and Account number. 

CREDIT  INVESTIGATION:  In  conjunction  with  your  application  for  credit  and,  if  approved, 
maintenance  of  your  Account,  you  agree  that  we  have  the  right  to  investigate  your  credit  and 
employment  history,  to  verify  your  credit  references,  to  request  and  use  credit  reports,  and  to 
report the way you pay your Account to credit bureaus and other interested parties. 

ILLEGAL TRANSACTIONS: You may not use your Card for any illegal transaction. You agree 
that we may decline to process any transaction that we believe in good faith to be for an illegal 
purpose. You agree that we will not be liable for declining to process any such transaction. If we 

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7 

 
 
 
 
 
 
 
 
 
do process any transaction that ultimately is determined to have been for an illegal purpose, you 
agree  that  you  will  remain  liable  to  us  under  this  agreement  for  any  such  transaction 
notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an 
act  of  default  under  this  Agreement.  YOU  FURTHER  AGREE  TO  WAIVE  ANY  RIGHT  TO 
TAKE LEGAL ACTION AGAINST GECU FOR YOUR ILLEGAL USE OF THE CARD AND TO 
INDEMNIFY  AND HOLD GECU  AND MASTERCARD® INTERNATIONAL, INCORPORATED 
HARMLESS FROM AND AGAINST ANY LAWSUIT, OTHER LEGAL ACTION OR LIABILITY 
THAT RESULTS DIRECTLY OR INDIRECTLY FROM SUCH ILLEGAL USE. 

FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in 
a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. 
dollar  amount.  MasterCard  International  will  use  its  currency-conversion  procedure,  which  is 
disclosed  to  institutions  that  issue  MasterCard  cards.  Currently  the  currency-conversion  rate 
used by MasterCard International to determine the transaction amount in U.S. dollars for such 
transactions is generally either a government-mandated rate or a wholesale rate determined by 
MasterCard  International  for  the  processing  cycle  in  which  the  transaction  is  processed, 
increased  by  an  adjustment  factor  established  from  time  to  time  by  MasterCard  International. 
The  currency-conversion  rate  used  by  MasterCard  International  on  the  processing  date  may 
differ  from  the  rate  that  would  have  been  used  on  the  purchase  date  or  cardholder  statement 
posting date. You agree that you will not cause or allow the Card to be used in any manner or 
for  any  transaction  that  we  believe  poses  an  undue  risk  or  illegality  and  we  may  refuse  to 
authorize any such use or transaction. You agree that any illegal use of the Card will be deemed 
an act of default under this Agreement. 

ADDITIONAL PROVISIONS: Each provision of this Agreement must be considered part of the 
total  Agreement  and  cannot  in  any  way  be  severed  from  it.  However,  if  any  provision  of  this 
Agreement is finally determined to be void or unenforceable under any law, rule, or regulation, 
all  other  provisions  of  this  Agreement  will  remain  valid  and  enforceable.  You  understand  that 
this Agreement is performable in the country and state of the aforementioned credit union in this 
Agreement, and the validity, construction, and enforcement of this Agreement shall be governed 
by applicable federal law and the laws of the state in which the aforementioned credit union is 
primarily  located. We  do  not  warrant  any  merchandise  or  services  purchased  by  you  with  the 
Card.  All  purchases  and  cash  advances  are  extended  at  the  option  of  the  merchant  or  cash 
advancing  financial  institution  and  we  are  not  responsible  for  the  refusal  of  any  merchant  or 
financial  institution  to  honor  your  Card.  The  Card  remains  our  property  at  all  times  and  you 
agree to immediately surrender the Card upon demand. You agree to pay all reasonable costs 
of collection, including court costs and attorney’s fees, and any costs incurred in the recovery of 
the Card. We can accept late payments or partial payments, or check or money orders marked 
“payment  in  full”  without  losing  any  of  our  rights  under  the  Agreement.  We  can  also  delay 
enforcing  any  of  our  rights  under  this  Agreement  without  losing  them.  You  expressly  waive 
presentment  for  payment,  demand,  protest,  and  notice  of  protest  and  dishonor  of  same.  You 
agree to give us prompt notice of any change in your name, mailing address, telephone number 
or place of employment. 

RECEIPT OF AND AGREEMENT TO TERMS AND CONDITIONS OF AGREEMENT: 
By  using  the  Card,  you  agree  to  all  the  terms  and  conditions  and  promise  to  perform  all  the 
obligations, requirements, and duties contained in this Agreement, and you acknowledge receipt 
of a copy of this Agreement. 

GECU, 1225 Airway, El Paso, TX 79925 issues your credit card under this Agreement. 

WHAT TO DO IF THERE IS AN ERROR ON YOUR STATEMENT 

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8 

 
 
 
 
 
 
 
NOTICE OF YOUR BILLING RIGHTS – 
KEEP THIS NOTICE FOR FUTURE USE. 
This  notice  contains  important  information  about  your  rights  and  our  responsibilities  under  the 
Fair Credit Billing Act. 

Notify Us in Case of Errors or Questions About Your Statement. 
If you think your statement is wrong or if you need more information about a transaction on your 
statement, write us on a separate sheet at the address listed on your statement. Write to us as 
soon  as  possible.  We  must  hear  from  you  no  later  than  60  days  after  we  sent  you  the  first 
statement on which the error or problem appeared. You can telephone us, but doing so will not 
preserve your rights. 

In your letter, provide us with the following information: (a) your name and account number; (b) 
the dollar amount of the suspected error; (c) a description of the error and explain, if you can, 
why you believe there is an error. If you need more information, describe the item you are not 
sure about. 

If  you  have  authorized  us  to  pay  your  credit  card  bill  automatically  from  your  GECU  checking 
account,  you  can  stop  the  payment  on  any  amount  you  think  is  wrong.  To  stop  the  payment, 
your letter must reach us three (3) business days before the automatic payment is scheduled to 
occur. 

Your Rights and Our Responsibilities After We Receive Your Written Notice.  
We must acknowledge your letter within 30 days, unless we have corrected the error by then. 
Within 90 days, we must either correct the error or explain  why  we believe the statement was 
correct. After we receive your letter, we cannot try to collect any amount you question or report 
you as delinquent. We can continue to bill you for the amount you question, including FINANCE 
CHARGES, and we can apply any unpaid amount against your credit limit. You do not have to 
pay  any  questioned  amount  while  we  are  investigating,  but  you  are  still  obligated  to  pay  the 
parts  of  your  statement  that  are  not  in  question.  If  we  find  that  we  made  a  mistake  on  your 
statement,  you  will  not  have  to  pay  any  FINANCE  CHARGES  related  to  any  questioned 
amount. If we didn’t make a mistake, you may have to pay FINANCE CHARGES and you will 
have to make up any missed payments on the questioned amount. In either case, we will send 
you a statement of the amount you owe and the date that it is due. If you fail to pay the amount 
that we think you owe, we may report you as delinquent. However, if our explanation does not 
satisfy you and you write to us within 10 days telling us that you still refuse to pay, we must tell 
anyone we report you to that you have a question about your statement. And, we must tell you 
the name of anyone we reported you to. We must tell anyone we report you to that the matter 
has been settled between us when it finally is. 

If we don’t follow these rules, we can’t collect the first $50.00 of the questioned amount, even if 
your statement was correct. 

Special Rule for Credit Card Purchases.  
If you have a problem with the quality of property or services that you purchased with a credit 
card, and you have tried in good faith to correct the problem 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 this right: (a) you must have made the purchase in your home state, or if not within 
your  home state,  within  100  miles  of  your  current mailing  address;  and  (b) the  purchase  price 
must  have  been  more  than  $50.00.  These  limitations  do  not  apply  if  we  own  or  operate  the 
merchant or mailed you the advertisement for the property or services. 

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9 

 
 
 
 
 
 
 
 
 
GECU MEMBER SERVICE: Call 1.800.810.2252, 24 hours a day, seven days a week. (Please 
have account information available). 

California residents: Applicants: 1) may, after credit approval, use the credit card account up to 
its credit limit; 2) may be liable for amounts extended under the plan to any joint applicant. As 
required  by  law,  you  are  hereby  notified  that  a  negative  credit  report  reflecting  on  your  credit 
record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit 
obligations. 

Florida Residents: You (borrower) agree that, should We obtain a judgment against You, 
a portion of Your disposable earnings may be attached or garnished (paid to Us by Your 
employer), as provided by Florida and Federal law. 

Maryland Residents: To the extent, if any, that Maryland law applies to Your Account, We elect 
to  offer  Your  Card  Account  pursuant  to  Title  12,  Subtitle  9  of  the  Maryland  Commercial  Law 
Article.  

Missouri Residents: Oral Agreements or commitments to loan money, extend credit or to 
forbear from enforcing repayment of a debt including promises to extend or renew such 
debt  are  not  enforceable.  To  protect  You  (borrower(s))  and  Us  (creditor)  from 
misunderstanding  or  disappointment,  any  Agreements  We reach  covering  such matters 
are  contained  in  this  writing,  which  is  the  complete  and  exclusive  statement  of  the 
Agreement between Us, except as We may later agree in writing to modify it. 

Nebraska Residents: A credit agreement must be in writing to be enforceable under Nebraska 
law.  To  protect  you  and  us  from  any  misunderstandings  or  disappointments,  any  contract, 
promise,  undertaking,  or  offer  to  forebear  repayment  of  money  or  to  make  any  other  financial 
accommodation  in  connection  with  this  loan  of  money  or  grant  or  extension  of  credit,  or  any 
amendment of, cancellation of, waiver of, or substitution for any or all of the terms or provisions 
of  any  instrument  or  document  executed  in  connection  with  this  loan  of  money  or  grant  or 
extension of credit, must be in writing to be effective.  

New  York  Residents:  New  York  residents  may  contact  the  New  York  State  Department  of 
Financial Services to obtain a comparative listing of credit card rates, fees, and grace periods. 
New York State Department of Financial Services: 1-800-342-3736 or www.dfs.ny.gov.  

New  York  and  Vermont  residents:  At  any  time,  we  may  obtain  your  credit  reports,  for  any 
legitimate  purpose  associated  with  the  account  or  the  application  or  request  for  an  account, 
including  but  not  limited  to  reviewing,  modifying,  renewing  and  collecting  on  your  account.  On 
your request, you will be informed if such a report was ordered. If so, you will be given the name 
and address of the consumer reporting agency furnishing the report. 

Ohio  Residents:  The  Ohio  laws  against  discrimination  require  that  all  creditors  make  credit 
equally  available  to  all  creditworthy  customers,  and  that  credit  reporting  agencies  maintain 
separate  credit  histories  on  each  individual  upon  request.  The  Ohio  Civil  Rights  Commission 
administers compliance with this law.  

South Dakota Residents: If You believe there have been any improprieties in making this loan 
or in the lender’s loan practices, You may contact the South Dakota Division of Banking at 1601 
N. Harrison Ave, Suite 1, Pierre, SD 57501, or by phone at 605.773.3421. 

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Utah  Borrowers:  This  written  Agreement  is  a  final  expression  of  the  Agreement  between  You 
and the Credit Union. This written Agreement may not be contradicted by evidence of any oral 
Agreement.  As required by  law,  you  are  hereby notified that  a  negative credit report  reflecting 
on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms 
of your credit obligations. 

Married  Wisconsin  residents:  No  provision  of  any  marital  property  agreement,  unilateral 
statement under Section 766.59, or court decree under Section 766.70 will adversely affect the 
rights  of  the  Credit  Union  unless  the  Credit  Union  is  furnished  a  copy  of  the  agreement, 
statement  or  decree,  or  has  actual  knowledge  of  its  terms,  before  the  credit  is  granted  or  the 
account is opened. 

Please sign if you are not applying for this account or loan with your spouse. The credit being 
applied  for,  if  granted,  will  be  incurred  in  the  interest  of  the  marriage  or  family  of  the 
undersigned. 

THE FOLLOWING IS REQUIRED BY VERMONT LAW — NOTICE TO CO-SIGNER — YOUR 
SIGNATURE  ON  THIS  NOTE  MEANS  THAT  YOU  ARE  EQUALLY  LIABLE  FOR 
REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A 
LEGAL RIGHT TO COLLECT FROM YOU. 

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