CREDIT CARD AGREEMENT 

In this Agreement, "You" and "your" mean any person who accepts this Agreement or uses the Card. The "Card" means any credit card issued to you or those 
designated by you under the terms of this Agreement. "We", "us", "our" and the "Credit Union" means Commonwealth Credit Union or its successors. By using 
your card, you agree to all of the terms and conditions set forth herein. 

THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR 
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT. 
YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL  SECURITY 
INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE 
WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT  OF 
CREDIT  EXTENDED  UNDER  THIS  AGREEMENT.  YOU  ALSO  AGREE 
THAT  WE  HAVE  SIMILAR  STATUTORY  LIEN  RIGHTS  UNDER  STATE 
AND/OR  FEDERAL  LAW.  IF  YOU  ARE  IN  DEFAULT, WE  CAN  APPLY 
YOUR SHARES TO THE AMOUNT YOU OWE. 

Shares  and  deposits  in  an  Individual  Retirement  Account  or  any  other 
account that would lose special tax treatment under state or federal law if 
given are not subject to this security interest. 

If  you  have  other  loans  with  us,  collateral  securing  such  loans  will  also 
secure your obligations under this Agreement, unless that other collateral  is 
your principal residence or non-purchase money household goods. 

Using  Your  Card.  You can  purchase  or  lease  goods  and services  from  any 
merchant  who  honors  your  Card,  and  you  may  obtain  cash  advances  from 
financial  institutions  and  ATM  machines  that  accept  the  Card,  up  to  your 
maximum  credit  limit.  You  agree  not  to  present  your  Card  or  obtain  a  cash 
advance  for  any  extension  of  credit  in  excess  of  your  available  credit  limit; 
however,  if  you  do  exceed  your  credit  limit,  you  agree  to  make  immediate 
payment sufficient to bring the balance below the credit limit. Certain purchases 
and cash advances require authorization prior to completion of the transaction. 
In some cases, you may be asked to provide identification. If our system is not 
working, we may not be able to authorize a transaction, even though you   have 
sufficient credit available. Also, for security reasons, we may block the use of 
your Card in certain countries or geographic areas. We will have no liability to 
you or others if any of these events occur. 

Personal Identification Number (PIN). We may issue a Personal Identification 
Number (PIN) for use with  your  Card. This  PIN  is  confidential and should not 
be disclosed to anyone. You may use your PIN and your Card to access your 
account, and all sums advanced will be added to your account balance.  In the 
event a use of your PIN constitutes an Electronic Funds Transfer, the terms and 
conditions of your Electronic Funds Transfer Agreement may affect your rights. 

Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases, 
cash  advances,  and  balance  transfers  made  by  you  or  anyone  whom  you 
authorize to use the Card; (b) all Interest Charges and all other charges or fees; 
(c) collection costs and attorney's 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. 

Illegal Transactions. You agree that your Card and account will not be used 
to make or facilitate any illegal transactions as determined by applicable law; 
and that any such use will constitute an event of default under this Agreement. 
We may decline any transaction that we believe to be illegal under applicable 
law,  including  but  not  limited  to  any  transaction  involving  or  relating  to  any 
gambling  activity. You  agree  that we  will  have  no  liability  or  responsibility for 
any  such  use  by  you  or  any  authorized  user(s);  or  for  declining  any  such 
transaction. You further agree to indemnify and hold us harmless from any suits, 
liability, damages or adverse action of any kind that results directly or indirectly 
from such illegal use. You promise to pay us any and all amounts owing on your 
Card for any transactions made by you, even if the transaction is determined to 
be illegal. 

Joint Accounts. Each of you will be responsible, jointly and severally, for the 
repayment of amounts owed, regardless of who initiated any  transaction under 
the account. 

Others Using Your  Account. If you allow anyone else to use your account, 
you will be liable for all credit extended to such persons. You promise to pay for 
all  purchases  and  advances  made  by  anyone  you  authorize  to  use  your 
account, whether or not you notify us that he or she will be using  it.  If someone 
else  is  authorized  to  use  your  account  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 that Card with your written notice for it to be effective. 

Ownership of Card. Your Card remains our property and may be cancelled  by 
us  at  any  time  without  notice.  You  agree  to  surrender  your  Card  and  to 
discontinue use of the account immediately upon our request. 

Interest Charges. You agree to pay interest at the rate(s) disclosed to you at 
the time you open your account and as may be changed from time to time in 
accordance with applicable law. 

Average Daily Balance including new transactions: Interest Charges will accrue 
on your average daily balance outstanding during the month. To get the average 
daily  balance,  we  take  the  beginning  balance  each  day,  add  any  new 
purchases, cash advances, balance transfers or other advances,  and  subtract 
any payments, unpaid interest charges, and unpaid late charges.  This gives us 
the daily balance. Then, we add up all the daily balances for the billing cycle 
and divide that by the number of days in the billing cycle. We then multiply that 
by  the  periodic  rate  corresponding  to  the  Annual  Percentage  Rate  on  your 
account. If you have different rates for purchases, cash advances or balance 
transfers, separate average daily balances for each will be calculated and the 
appropriate periodic rate is then applied to each. 

Grace Period on Purchases Only: You can avoid Interest Charges on purchases 
by paying the full amount of the new balance for purchases each month by the 
date on which the payment is due. Otherwise, the new balance of your account, 
and subsequent advances from the date they are posted to the account, will be 
subject  to  an  Interest  Charge.  You  cannot  avoid  Interest  Charges  on  cash 
advances  and  balance  transfers;  even  if  you  pay  the  entire  cash  advance 
balance or balance transfer balance by the payment due date, you will incur the 
Interest Charges accrued from the date the cash advance or balance transfer 
is posted to your account. 

Fees. In addition to the Interest Charges set forth above, you agree to also  pay 
any and all fees that you incur as disclosed to you on your Truth-in- Lending 
Statement or similar disclosures (as may be amended from time to time), or as 
disclosed to you during the term of your Card. 

If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You agree 
to notify us immediately if your Card is ever lost or stolen or if an unauthorized 
use  may  have  occurred.  "Unauthorized  use"  means  the  use  of  the  Card  by 
someone  other  than  you  who  does  not  have  actual,  implied  or  apparent 
authority for such use, and from which you receive no benefit. The telephone 
number to call is (502) 564-4775 or (800) 228-6420. You agree to follow up your 
call with notice in writing to us at: P.O. Box 978, Frankfort, KY 40602-0978. You 
also  agree  to  assist  us  in  determining  the  facts,  circumstances  and  other 
pertinent information relating to any loss, theft or possible unauthorized use of 
your Card and comply with such procedures as we may require in connection 
with our investigation. You will be liable for any unauthorized use only if we can 
prove that you were grossly negligent in your use or handling of your Card, or if 
we can prove that you used your Card fraudulently. 

Minimum  Payment  Due;  Crediting  of  Payments.  Payments  are due  in  the 
amount and on the date disclosed on your billing statement. If your payment  is 
received by us on a business day at the address and by the  time designated on 
the billing statement, it will be credited to your account on the date of receipt. If 
payment is made at any location other than  the  address  designated on the 
periodic statement, credit for such payment may  be delayed up to five (5) days. 
Payments will be applied in any order  we determine, subject to applicable law. 

9011 LASER SYM FPDF FI14712 Rev 9-2015 

page 1 of 4 

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In this Agreement, "You" and "your" mean any person who accepts this Agreement or uses the Card. The "Card" means any credit card issued to you or those 
designated by you under the terms of this Agreement. "We", "us", "our" and the "Credit Union" means Commonwealth Credit Union or its successors. By using 
your card, you agree to the terms and conditions set forth herein. 

Late  or  Partial  Payments.  Any  payment  that  delays  the  reduction  of  your 
balance will increase your total interest costs. Partial payments or prepayments 
will  not  delay  your  next  scheduled  payment  -  you  will  still  need  to  make  the 
minimum  scheduled  payment  by  the  next  scheduled  due  date  to  keep  your 
account  current. We  may  accept  late  payments,  partial  payments,  checks  or 
money orders marked "payment in full" and such action shall not constitute final 
settlement  of  your  account  or  a  waiver  or  forgiveness  of  any  amounts  owing 
under this Agreement. 

Enforcement. We do not lose our rights under this or any related  agreement 
if we delay enforcing them. If any provision of this or any related agreement is 
determined  to  be  unenforceable  or  invalid,  all  other  provisions  remain  in  full 
force and effect. 

Returns  and  Adjustments.  Merchants  and  others  who  honor  the Card may 
give credit for returns or adjustments, and they will do so by submitting a  credit 
slip which will be posted to your account. If your credits and payments exceed 
what you owe us, the amount will be applied against future purchases and cash 
advances. If the credit balance amount is $1 or more, it will be refunded upon 
your written or verbal request. 

Plan Merchant Disputes. We are not responsible for the refusal of any plan 
merchant or financial institution to honor your Card. Also, we are not responsible 
for goods or services that you purchase with the Card unless: (a) your purchase 
was made in response to an advertisement we sent or participated in sending 
you;  or  (b)  your  purchase  cost  more  than  $50  and  was  made  from  a  plan 
merchant in your state or within 100 miles of your home; and only if you have 
made a good faith attempt, but have been unable to obtain satisfaction from the 
plan  merchant.  You  must  resolve  all  other  disputes  directly  with  the  plan 
merchant. We do not warrant any  merchandise or services  purchased  by  you 
with the Card. 

Statements and Notices. Statements and notices will be mailed to you at the 
most recent postal address or e-mail address (if you have elected to receive 
such documents via electronic means) you have given us. Notice sent to any 
one of you will be considered notice to all. 

Notification  of  Address  Change.  You  will  notify  us  promptly  if  you  change 
your address for any reason. In order to prevent identity theft, your identity may 
need to be verified before we act upon the notification. 

Copy  Received.  You  acknowledge  that  you  have  received  a  copy  of  this 
Agreement. 

Governing  Law.  This  Agreement  shall  be  construed  under  federal  law  and 
state law in the state in which we are primarily located, and the venue shall be 
located  in  the  county  and  state  in  which  we  are  primarily  located.  Operating 
regulations of Visa may also apply. This Agreement is the contract that applies 
to all transactions even though the sales, cash advance, convenience check, 
credit or other slips you sign or receive may contain different terms. 

NOTICE TO 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. 

Default; Acceleration; Credit Suspension; Collection Costs. You will be in 
default if: (1) you fail to make any payment on time; (2) if you fail to keep any 
promises you have made under this Agreement or under other Agreements you 
have  with  us;  (3)  if  you  die;  (4)  if  you  file  a  petition  in  bankruptcy  or  have  a 
bankruptcy  petition  filed  against  you,  or  if  you  become  involved  in  any 
insolvency, receivership or custodial proceeding; (5) if anyone  attempts to take 
any of your funds held by us via legal process or if you have a judgment or tax 
lien  filed  against  you;  (6)  if  you  make  any  false,  inaccurate,  or  misleading 
statements in any credit application or credit update; or (7) if we, in good faith, 
believe that your ability to repay what you owe is or soon will be impaired, or 
that you are unwilling to make your payments. 

If you are in default, we have the right to demand immediate payment of your 
full  account  balance  without  giving  you  notice.  If  immediate  payment  is 
demanded, you agree to continue paying interest charges and fees until what 
you owe has been paid, and any shares that were given as security for your 
account may be applied towards what you owe. 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,  subject  to  applicable  law.  Even  if  your 
unpaid balance is less than your credit limit, you will have no credit available 
during any time that any aspect of your account is in default. 

Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time  offer 
additional services to your Account at no additional cost to you.  You understand 
that we are not obligated to offer such services and may withdraw or change 
them at any time. 

Convenience Checks. We may, at our discretion, issue checks to you which 
may be used for any purpose other than making a payment for credit to your 
account. By signing such check, 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. 

Credit  Information. We may  from  time  to time  request  personal  information 
from  you  or  obtain  credit  reports  from  the  credit  reporting  agencies  for  the 
purpose of updating your credit status. Your failure to provide such information 
when requested by us may result in suspension of credit privileges under this 
Agreement, including your ability to obtain any future advances by any means. 
You authorize us to investigate your credit standing when opening or reviewing 
your account. You authorize us to disclose information  regarding your  account 
to credit bureau and creditors who inquire about  your  credit  standing. 

Foreign Transactions; Currency Conversion. Purchases and cash advances 
made in foreign currencies will be billed to you in U.S. dollars. The conversion 
rate in dollars will be a rate selected by the card company from a range of rates 
available in wholesale currency markets for the  applicable central  processing 
date, which rate may vary from the rate the card company itself receives, or the 
government-mandated rate in effect for the applicable central processing date 
in each instance. All transactions processed outside of the United States (which 
may include internet transactions) will be charged a foreign transaction fee in 
the amount disclosed on your Truth-in-Lending Statement (as amended from 
time to time). 

Termination;  Change-in-Terms.  We  may,  by  written  notice,  terminate  this 
Agreement  at  any  time,  subject  to  applicable  law.  You  may  terminate  this 
Agreement by written notice. 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 Interest Charges and fees incurred. We may change the 
terms of this Agreement, including the method of calculating the periodic rate, 
at  any  time,  by  written  notice,  subject  to  applicable  law.  Use  of  the  Card 
constitutes  agreement  and  acceptance  of  any  change  in  terms,  unless 
applicable law requires otherwise. Our failure to exercise any of our rights or  to 
take any action shall not constitute a waiver of those rights, or an amendment or 
change in any of the terms of this Agreement. 

PO Box 978  •  Frankfort, KY 40602-0978 

Phone 502.564.4775  •  800.228.6420 

Fax 502.564.5740  •  502.564.1001 

www.ccuky.org 

page 2 of 4 

 
 
 
 
 
 
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE 

This notice tells you about your rights and our responsibilities under the 
Fair Credit Billing Act. 

What To Do If You Find A Mistake On Your Statement 

If you think there is an error on your statement, write to us at the address(es) 
listed on your statement. 

In your letter, give us the following information: 

1.  Your name and account number. 

After we finish our investigation, one of two things will happen: 

•  If we made a mistake: You will not have to pay the amount in question or 

any interest or other fees related to that amount. 

•  If we do not believe there was a mistake: You will have to pay the amount 
in  question,  along  with  applicable  interest  and  fees.  We  will  send  you  a 
statement of the amount you owe and the date payment is due. We may 
then report you as delinquent if you do not pay the amount we think you 
owe. 

2. The dollar amount of the suspected error. 
3. If you think there is an error on your bill, describe what you believe is 

wrong and why you believe it is a mistake. 

You must contact us: 

•  Within 60 days after the error appeared on your statement. 
•  At least 3 business days before an automated payment is scheduled, if 

you want to stop payment on the amount you think is wrong. 

You must notify us of any potential errors in writing. You may call us, but if you 
do, we are not required to investigate any potential errors and you may have  
to pay the amount in question. 

What Will Happen After We Receive Your Letter 

When we receive your letter, we must do two things: 

1.  Within 30 days of receiving your letter, we must tell you that we received 
your letter. We will also tell you if we have already corrected the error. 
2. Within 90 days of receiving your letter, we must either correct the error or 

explain to you why we believe the bill is correct. 

While we investigate whether or not there has been an error: 

•  We cannot try to collect the amount in question, or report you as 

delinquent on that amount. 

•  The charge in question may remain on your statement, and we may 

continue to charge you interest on that amount. 

•  While you do not have to pay the amount in question, you are responsible 

for the remainder of your balance. 

•  We can apply any unpaid amount against your credit limit. 

If you receive our explanation but still believe your bill is wrong, you must write 
to us within 10 days telling us that you still refuse to pay. If you do so, we cannot 
report you as delinquent without also reporting that you are questioning your bill. 
We must tell you the name of anyone to whom we reported you as delinquent, 
and we must let those  organizations know when the matter has been settled 
between us. 

If we do not follow all of the rules above, you do not have to pay the first $50 of 
the amount you question even if your bill is correct. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

If you are dissatisfied with the goods or services that you have purchased with 
your 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 
purchase. 

To use this right, all of the following must be true: 

1. The purchase must have been made in your home state or within 100 miles 
of your current mailing address, and the purchase price must have been 
more than $50. (Note: Neither of these are necessary if your purchase was 
based on an advertisement we mailed to you, or if we own the company 
that sold you the goods or services.) 

2. You must have used your credit card for the purchase. Purchases made 
with cash advances from an ATM or with a check that accesses your credit 
card account do not qualify. 

3. You must not yet have fully paid for the purchase. 

If all of the criteria above are met and you are still dissatisfied with the purchase, 
contact us in writing at the address(es) listed on your statement. 

While we investigate, the same rules apply to the disputed amount as discussed 
above. After we finish our investigation, we will tell you our decision. At that point, 
if  we  think  you  owe  an  amount  and  you  do  not  pay,  we  may  report  you  as 
delinquent. 

page 3 of 4 

 
 
 
 
 
The  following  disclosure  represents  important  details  concerning  your  credit  card.  The  information  about  costs  of  the  card  is  accurate  as  of 

      01/01/2018. You can contact us toll free at (800) 228-6420 or the address on Page 2 to inquire if any changes occurred since the effective date. 

INTEREST RATES and INTEREST CHARGES: 

IMPORTANT CREDIT CARD DISCLOSURES 

Annual Percentage Rate (APR) 
for Purchases 

APR for Balance Transfers 

VISA CLASSIC 

VISA PLATINUM 

VISA MY CARD 

 10.20% to 24.00% 
depending on your credit 
history. This APR will vary 
with the market based on 
the Prime Rate. 

0% Introductory APR for six months. After that, your Standard APR will be 
 11.40% to 24.00% 
depending on your credit 
history. This APR will vary 
with the market based on 
the Prime Rate. 

  10.90% to 24.00% 
depending on your credit 
history. This APR will vary with 
the market based on the 
Prime Rate. 

VISA PLATINUM 
SECURED 

7.99% 

 0  % Promotional APR for one year after the date of the transfer. After that, your Standard APR will be 

      10.20%  to 24.00% 

depending on your credit 
history. This APR will vary 
with the market based on 
the Prime Rate. 

         10.90%  to 24.00% 
depending on your credit 
history. This APR will vary with 
the market based on the 
Prime Rate. 

       11.40%  to 24.00% 

depending on your credit 
history. This APR will vary 
with the market based on 
the Prime Rate. 

                7.99% 

APR for Cash Advances 

      12.20%  to 24.00% 

depending on your credit 
history. This APR will vary 
with the market based on 
the Prime Rate. 

         12.90%  to  24.00% 
depending on your credit 
history. This APR will vary with 
the market based on the 
Prime Rate. 

       13.40%  to  24.00% 

depending on your credit 
history. This APR will vary with 
the market based on the 
Prime Rate. 

          9.99%              

Paying Interest 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 

FEES: 

Fees to Open or Maintain your 
Account 

• Annual Fee: 
Transaction Fees 

• Balance Transfer: 

• Cash Advance: 
• Foreign Transaction: 

Penalty Fees 

• Late Payment: 

• Returned Payment: 

Your due date is at least 21 days after we mail your billing statement. We will not charge you interest on purchases if 
you pay your entire new purchase balance by the due date each month. However, we will begin charging interest on 
cash advances and balance transfers on the date the cash advance or balance transfer is posted to your account. 

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 

None 

3% of the amount of each transfer. 
None 
1% of each transaction in U.S. dollars if the transaction involves a currency conversion 
1% of each transaction in U.S. dollars if the transaction does not involve a currency conversion 

VISA PLATINUM/VISA PLATINUM SECURED/VISA MY CARD: 
10% of the payment due or $25.00, whichever is less, if your payment is late 3 days or more. 
VISA CLASSIC: 
5% of the payment due or $25.00, whichever is less, if your payment is late 3 days or more. 
Up to $25.00 if your payment is returned for any reason. 

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." 
Loss of Introductory/Promotional Rate: We may end your Introductory or Promotional Rate and apply the Standard APR disclosed above if you make a 
late payment. 
You may receive a 1% discount off the Standard Rate disclosed above if you agree to make payments via automatic payments. 

Other Fees: 
Declined Access Check: Up to $25.00 if a convenience check is declined for any reason. 
Convenience Check Stop Payment Request: Up to $20.00 if you stop payment of a Convenience Check for any reason. 

page 4 of 4