CREDIT CARD DISCLOSURE STATEMENT AND AGREEMENT 
FOR APGFCU CREDIT AND SHARE SECURED CREDIT

In this Agreement the words “you” and “your” mean each and all of those 
who apply for the card or use the card. “Card” means the VISA® Credit Card 
and  any  duplicates  and  renewals  we  issue.  “Account”  means  your  VISA 
Credit  Card  Line  of  Credit  account  with  us.  “We,”  “us”  and  “ours”  means 
Aberdeen  Proving  Ground  Federal  Credit  Union  (APGFCU).  By  signing, 
using or accepting the APGFCU VISA card, you acknowledge receipt of this 
Agreement and agree to terms herein.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced 
to you, any fees or charges and the FINANCE CHARGE arising from the use 
of  the  card  and  the  card  account.  For  example,  you  are  responsible  for 
charges made by yourself, your spouse and minor children and anyone else 
to whom you give the card. You may request additional cards for individuals 
you designate as authorized users. You are responsible to repay all amounts 
advanced by authorized users, any fees or charges and the FINANCE CHARGE 
arising from their use of the card. If you notify us that someone you have 
given your card is not authorized to use it any more, we will cancel the card. 
You will remain liable for the charges they make until the time we cancel the 
card. You cannot disclaim responsibility by notifying us, but we will close the 
account for new transactions if you so request. Your obligation to pay the 
account  balance  continues  even  though  an  agreement,  divorce  decree  or 
other court judgements to which we are not a party may direct you or one 
of the other persons responsible to pay the account.

2.  Lost  Card  Notification:  If  you  believe  the  card  has  been  lost  or  stolen, 
you  should  immediately  call  the  Credit  Union  during  business  hours  at 
410-272-4000 or toll-free at 1-800-225-2555.

3. Liability for Unauthorized Use: You may be liable  for the unauthorized 
use  of  your  card.    You  agree  to  notify  us  immediately  in  the  event  of  the 
loss, theft or unauthorized use of your card by telephone at 410-272-4000 or 
toll-free at 1-800-225-2555 or by writing APG Federal Credit Union, P.O. Box 
1176, Aberdeen, MD 21001. Until you do, you may have to pay up to $50 for 
the purchases and/or cash advances made by anyone who used your card 
without your permission.  You may also be liable for the unauthorized use of 
convenience checks.

4a.  Credit  Line:  If  we  approve  your  application,  we  will  establish  a  self-
replenishing  Line  of  Credit  for  you  and  notify  you  of  its  amount  when 
we  issue  the  card.  You  agree  not  to  let  the  account  balance  exceed  this 
approved Credit Line. Each payment you make on the account will restore 
your Credit Line by the amount of the payment which is applied to principal. 
You may request an increase in your Credit Line by written application, or 
telephone call to us at 1-800-225-2555, which must be approved by us. By 
giving you written notice, we may reduce your Credit Line from time to time, 
or, with good cause, revoke your card and terminate this Agreement. Upon 
revocation of your card any outstanding balance and FINANCE CHARGE shall 
immediately become due and payable under the terms of this Agreement. 
Good cause includes your failure to comply with this Agreement, our adverse 
reevaluation of your creditworthiness or your use of this card in furtherance 
of any purpose deemed to be illegal under state or federal law. You may also 
terminate this Agreement at any time, but termination by either of us does 
not affect your obligation to pay the account balance and FINANCE CHARGE 
arising from authorized use of the card. The cards remain our property and 
you must recover and surrender to us all cards upon our request and upon 
termination of the Agreement.

4b.  Share  Secured  Credit  Line:  If  we  approve  your  application,  we  will 
establish  a  self-replenishing  Line  of  Credit  equal  in  amount  to  pledged 
shares  for  you  and  notify  you  of  its  amount  when  we  issue  the  card.  You 
agree  not  to  let  the  account  balance  exceed  this  approved  Credit  Line.  
Each  payment  you  make  on  the  account  will  restore  your  Credit  Line  by 
the  amount  of  the  payment  which  is  applied  to  principal.  You  may  request 

an  increase  in  your  Credit  Line  by  written  application  or  telephone  call 
to  us,  which  must  be  approved  by  us  at  1-800-225-2555,  and  by  pledging 
the  additional  shares  equivalent  to  the  increased  Credit  Line.  By  giving 
you  written  notice,  we  may  reduce  your  Credit  Line  from  time  to  time, 
or,  with  good  cause,  revoke  your  card  and  terminate  this  Agreement.  Upon 
revocation of your card any outstanding balance and FINANCE CHARGE shall 
immediately  become  due  and  payable  under  the  terms  of  this  Agreement. 
Good cause includes your failure to comply with this Agreement, our adverse 
reevaluation of your creditworthiness or your use of this card in furtherance 
of any purpose deemed to be illegal under state or federal law. You may also 
terminate this Agreement at any time, but termination by either of us does not 
affect your obligation to pay the account balance and FINANCE CHARGE arising 
from authorized use of the card. The cards remain our property and you must 
recover and surrender to us all cards upon termination of the Agreement.

4c. Balance Transfers: Balance transfers are a feature of your card, which you 
may access anytime or during promotions we may offer from time to time. You 
may transfer balances from other creditors up to your available credit limit. 
Balances you transfer from other creditors will be treated as cash advances 
for  the  purpose  of  this  agreement  and  will  be  subject  to  your  standard 
cash  advance  APR  unless  a  promotional  APR  applies.  Any  balance  transfer 
promotional offers will describe the terms and conditions of the offer. Balance 
transfers may not be used to pay any amount owed to us on this credit card 
agreement or any other APGFCU credit card or loans you may have with us. 
If you transfer your balances you may lose your grace period on purchases.

5. Checking Overdraft Protection: This VISA Credit Line also allows you to 
overdraft your checking account for any lawful purpose except for payment 
to  this  VISA  Credit  Card  account  and  shall  be  subject  to  service  charges 
in  accordance  with  the  rate  schedules  disclosed  in  the  VISA  Credit  Card 
Application, VISA Credit Approval Letter, and/or VISA Credit Card Disclosure 
Statement  and  Agreement.  We  will  credit  to  your  checking  account,  in 
multiples of $50, an amount (the advance) sufficient to permit us to honor 
such check. Such credit advances are considered by us as cash advances and 
are  subject  to  the  terms  and  conditions  concerning  cash  advances  in  this 
Agreement.

6. Credit Information: You authorize us to investigate your credit standing 
including  your  ability  to  pay,  obtain  and  verify  credit  reports  and  other 
information about you when opening, renewing or reviewing your account, 
and you authorize us to disclose information regarding your account to credit 
bureaus and other creditors who inquire of us about your credit standing, 
subject to applicable law.

You agree that we will give information about the Account to credit reporting 
agencies. We will tell a credit reporting agency if you fail to comply with any 
term of this Agreement. This may have a negative impact on your credit report.

7. Monthly Payment: We will mail you a statement every month showing your 
Previous  Balances  of  purchases,  cash  advances  and  balance  transfers;  the 
current transactions on your account; the remaining credit available under 
the Credit Line; the New Balances of purchases, cash advances and balance 
transfers;  the  New  Balance  Total;  the  FINANCE  CHARGE  due  to  date;  any 
other billed fees; and the Minimum Payment required. Each month, you must 
pay at least the Minimum Payment within 25 days of your statement closing 
date. You may authorize us to charge the Minimum Payment automatically 
to your share account with us. You may, of course, pay more frequently, pay 
more than the Minimum Payment, or pay the Total New Balance in full, and 
you will reduce the FINANCE CHARGE by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total 
New Balance, or $25, whichever is greater, or (b) your Total New Balance, if 
it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on 

Page 1 of 4

 
prior statement(s) which remains unpaid. In addition, at any time your Total 
New Balance exceeds your Credit Line, you must immediately pay the excess 
without our demand.

margin is 0.00%. For the Share Secured and the Money Market Share Secured 
VISA cards, the margin is 1.00%. 

Subject to applicable law, your payments may be applied to what you owe 
the Credit Union in any manner the Credit Union chooses.  However, in every 
case, in the event you make a payment in excess of the required minimum 
periodic  payment,  the  Credit  Union  will  allocate  the  excess  amount  first 
to  the  balance  with  the  highest  annual  percentage  rate  and  any  remaining 
portion to the other balances in descending order based on applicable annual 
percentage rate.

8.  Irregular  Payments:  We  can  accept  late  payments,  partial  payments, 
checks and money orders marked “paid in full” or language having the same 
effect without losing any of our rights under this agreement.

9.  Finance  Charge:  You  can  avoid  the  FINANCE  CHARGE  on  purchases  by 
paying  the  full  amount  of  the  New  Balance  Total  each  month  within  25 
days of your statement closing date. Otherwise, the New Balance, including 
purchases,  cash  advances,  and  subsequent  purchases  from  the  date  they 
are posted to your account, will be subject to the FINANCE CHARGE. Cash 
advances, balance  transfers, convenience checks are always subject to the 
FINANCE CHARGE from the date they are posted to your account. 

The FINANCE CHARGE (interest) is calculated on the average daily principal 
balances of purchases and cash advances in the account at the daily periodic 
rate and corresponding Annual Percentage Rate disclosed in the VISA Credit 
Card Approval Letter.

The  principal  balances  of  purchases,  cash  advances  and  balance  transfers 
are determined each day during the statement period, beginning with the 
principal portion of your Previous Balances, reduced by payments you make 
and credits we apply, and increased by purchases, cash advances and balance 
transfers  you  make  and  debit  adjustments  we  make  during  the  statement 
period. The daily principal balances are totaled and divided by the number 
of days in the statement period, to produce separate average daily principal 
balances  for  purchases,  cash  advances  and  balance  transfers  to  which  the 
periodic rate is then applied.

If your VISA credit line is secured by a Regular Share account, the maximum 
rate will not exceed 5% above the current APGFCU dividend rate on Regular 
Share Accounts. If your VISA credit line is secured by a Money Market Share 
Account, the maximum rate will not exceed 5% above the current APGFCU 
tier for the lowest Money Market tier rate. For all other variable rate cards, 
The  Annual  Percentage  Rate  will  not  increase  to  more  than  18%  (or  such 
other rates as may be permitted under the Federal Credit Union Act).

Your Annual Percentage Rate may also change in the event that you request 
and are approved for an increase or decrease in your Credit Line or request 
and are approved to change your credit product.

11. Late Charge: If you fail to pay the minimum on your account within fifteen 
(15) days of the payment due date, a late payment charge will be assessed 
and added to your account.

12.  Fees:  The  VISA  Card  account  shall  be  subject  to  service  charges  in 
accordance  with  the  rate  schedules  disclosed  in  the  VISA  Credit  Card 
Application, VISA Credit Approval Letter, and/or VISA Credit Card Disclosure 
Statement  and  Agreement.  If  you  request  photocopies  of  sales  slips, 
duplicate  copies  of  monthly  billing  statements  or  a  replacement  card,  you 
agree  to  pay  our  reasonable  costs  for  such  services.  The  present  charges 
for  these  services  are  stated  specifically  in  the  current  Service  Price  List. 
You can pick one up in any branch or call us and we’ll mail a copy to you.

13a. Default and Share Secured Default: You will be in default if you fail to 
make  the  minimum  payment  within  25  days  after  your  monthly  statement 
closing date. You will also be in default if: (a) you breach any other conditions 
of the Agreement; (b) bankruptcy or insolvency proceedings are started by you 
or against you; (c) if we determine your credit-worthiness (which includes your 
ability to repay us) has become unsatisfactory due to change in employment, 
increase in your other obligations, or because of any other reason; (d) in the 
event of your death; (e) your use of the card in furtherance of any purpose 
deemed to be illegal under state or federal law; or (f) we discover at any time 
that you provided false or fraudulent information in your credit application.

10a.  Non-Variable  Rate  APR:  Your  Annual  Percentage  rate  is  provided  in 
your VISA Credit Card Approval Letter (the “stated rate”). This rate is subject 
to  change.  We  may  modify  this  rate  only  after  providing  you  with  written 
notice  at  least  forty  five  (45)  days  in  advance.  Any  change  in  these  terms, 
including changes in the Annual Percentage Rate, will apply to your future 
transactions. Your Annual Percentage Rate may also change in the event that 
you request and are approved for an increase or decrease in your Credit Line 
or request and are approved to change your credit product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual 
Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual 
Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate 
increases, it will cause the Annual Percentage Rate to increase. If the Prime 
Rate decreases, it will cause the Annual Percentage Rate to decrease. Your 
FINANCE  CHARGE  for  every  $1.00  in  your  daily  balance  may  increase  if 
the Prime Rate rises and will decrease if the Prime Rate falls. For example, 
a  change  in  the  Prime  Rate  of  one  percentage  point  will  result  in  a  one 
percentage  point  change  in  the  same  direction  in  your  Annual  Percentage 
Rate with a corresponding change in your daily periodic rate. For each billing 
period, we use the Prime Rate published in The Wall Street Journal on the first 
business day of each month. If the Prime Rate causes an Annual Percentage 
Rate to change, we put the new Annual Percentage Rate into effect as of the 
first day of the billing period following the month in which the Prime Rate 
changed. We apply the new Annual Percentage Rate to any existing balance, 
subject to any promotional rates that may apply.

For  Platinum  Preferred  Student/Starter,  Platinum  Preferred  and  Platinum 
Preferred  Rewards  VISA  cards,  the  margin  is  determined  based  on  an 
evaluation  of  each  member’s  credit  history.  The  margins  will  range  from 
4.74% to 14.24% based on product type. For the Classroom Supply VISA, the 

In the event of any default or in the event this Agreement is terminated by 
you or by us for any reason, the entire balance on the Account becomes due 
and payable forthwith.  You also agree that, in case of default, you will pay 
all usual and customary costs of collection permitted by law, including court 
costs  and  reasonable  attorney  fees.  You  agree  that  the  jurisdiction  in  any 
dispute or for any collection purposes will be in the State of Maryland.

13b. Penalty APR: The Penalty APR may be applied to your account if you:

•  Are over 60 days past due or
•  Make a payment that is returned and causes your account to be over 

60 days past due.

The penalty APR is 18.00% (or such other rates as may be permitted under the 
Federal Credit Union Act). If the penalty APR is applied to your account, it will 
apply to both existing and new transactions. It will no longer apply to existing 
transactions if you make the next six consecutive minimum payments. If you 
do not make these six consecutive minimum payments, the Penalty APR may 
continue to apply to both new and existing balances indefinitely.

14. Using the Card: You must sign your card to use it. To make a purchase 
or cash advance, there are two alternative procedures to follow. One is for 
you  to  present  the  card  to  a  participating  VISA  plan  merchant,  to  us  or  to 
another financial institution. You may be required to sign the sales or cash 
advance draft. The other is to complete the transaction by using your Personal 
Identification  Number  (PIN)  in  conjunction  with  the  card  in  an  Automated 
Teller Machine (ATM) or other type of electronic terminal that provides access 
to the VISA system. ATM transactions are subject to cash advance fees.

The  monthly  statement  will  identify  the  merchant,  electronic  terminal 
or  financial  institution  at  which  transactions  were  made,  but  sales,  cash 

Page 2 of 4

 
  
 
advance, credit or other slips cannot be returned with the statement. You 
should retain the copy of such slips furnished at the time of the transaction 
in  order  to  verify  the  monthly  statement.  The  Credit  Union  may  make  a 
reasonable charge for photocopies of slips you may request.

We  may  issue  VISA  Convenience  Checks  to  you  which  may  be  used  to 
obtain  cash  advances.  Each  Convenience  Check  will  contain  your  Credit 
Union member number and may be used only by the person whose name 
is printed on it. Each must be completed and signed in the same way as a 
regular personal check. You may not use a VISA Convenience Check to pay 
any amount owed to us on this credit card agreement or any other APGFCU 
credit card or loans you may have with us.

If  you  give  your  account  number  to  make  a  purchase  or  obtain  a  cash 
advance  without  presenting  the  card  (such  as  for  online,  mail  order  or 
telephone purchase), the legal effect will still be the same as if the card itself 
was used by you.

We  are  not  responsible  if  anyone  refuses  to  honor  your  credit  card  or 
Convenience Check.

15. Prohibited Use of the Card: You may not use your card to buy lottery 
tickets, place bets or gamble if these transactions are made online. You also 
may not use your card for any illegal transactions.

16. Stop Payment: If before a Balance Transfer or Convenience Check drawn 
on your Account has been honored, you notify us not to pay it, we will stop 
payment on the check. You must send us a written and signed stop payment 
order which states the number, payee, amount, and date of the check on 
which  payment  is  to  be  stopped.  We  may  disregard  any  such  order  six 
months after our receipt unless you renew your request.

17. Returns and Adjustments: Merchants and others who honor the card 
may give credit for returns or adjustments, and they will do so by sending us 
a credit which will be posted to your account. If your credits and payments 
exceed what you owe us, we will hold and apply this credit balance against 
future  purchases  and  cash  advances,  or  refund  it  and  transfer  the  credit 
balance to your share account.

18.  Foreign  Transactions:  Purchases  and  cash  advances  made  in  foreign 
countries  and  foreign  currencies  will  be  billed  to  you  in  U.S.  dollars.  The 
conversion  rate  to  dollars  and  the  fees  for  all  international  transactions 
will be in accordance with the operating regulations of VISA USA, Inc. The 
exchange  rate  between  the  transaction  currency  and  the  billing  currency 
used  for  processing  international  transactions  is  a  rate  selected  by  VISA 
from  the  range  of  rates  available  in  wholesale  currency  markets  for  the 
applicable central processing date, which rate may vary from the rate VISA 
itself receives, or the government-mandated rate in effect for the applicable 
processing  date.  In  addition,  a  fee  of  1%  of  the  transaction  amount  may 
be  charged  on  all  international  transactions  regardless  of  whether  or  not 
currency conversion is involved.

19.  Plan  Merchant  Disputes:  We  are  not  responsible  for  the  refusal  of  any 
plan merchant or financial institution to honor your card. We are subject to 
claims and defenses (other than tort claims) arising out of goods or services 
you purchase with the card only if you have made a good faith attempt, but 
have been unable to obtain satisfaction from the plan merchant, and: (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. Any other 
disputes you must resolve directly with the plan merchant.

20. Effect of Agreement: This Agreement is the contract which applies to all 
transactions of your account even though the sales, cash advance, balance 
transfer  or  convenience  checks  you  sign  may  contain  different  terms.  We 
may  amend  this  Agreement  from  time  to  time  by  sending  you  advance 
written  notice  required  by  law.  The  Amendment  will  become  effective  on 
the effective date stated in the notice. Use of your card after receiving notice 
of a change will further evidence your agreement to the change. If you give 

us  written  notice  that  you  do  not  agree  to  the  change,  we  will  terminate 
your account and you will be permitted to pay the outstanding balance as of 
the effective date under the terms of the Agreement governing your account 
at  the  time  our  notice  was  given.  If  you  use  your  card  after  the  effective 
date of this Agreement or any Amendment, you will be considered to have 
agreed to the new terms even if you have sent us such written notice. To 
the extent the law permits, and we indicate in our notice, amendments will 
apply to your existing account balance as well as future transactions.

21.  Notices:  We  mail  you  statements  and  notices  through  the  U.S.  Mail, 
postage prepaid, and address them to you at the latest billing address on 
our records or, if you've agreed, by email to the address you gave us. Any 
notice that we send you through the U.S. Mail is deemed to be given when 
deposited in the U.S. Mail. We consider an electronic notice sent as soon as 
we email it, unless we receive notification that the email was undeliverable. 
You must notify us immediately if you change the address to which we send 
billing statements. If you have more than one account you must notify us 
and we will change the address on all accounts.  We may update your billing 
address if we receive information that it has changed or is incorrect. 

22. No Waiver: The Credit Union can delay enforcing any of its rights any 
number of times without waiving them.  

23. Reward Points: For those cards that earn reward points, your card may be 
associated with a bonus points or similar rewards program. Your participation 
in such a rewards program is subject to the particular rewards program’s terms 
and conditions (the “Program Rules”). Your use of the card associated with 
the rewards program is your consent to be bound by the Program Rules. The 
Program Rules may, from time to time, be modified or amended, including but 
not limited to discontinuing particular rewards or discontinuing the rewards 
program itself. The latest edition of Program Rules will typically be provided 
with  the  associated  Card  or  otherwise  made  available  to  you,  for  example, 
by  visiting  a  particular  internet  address.  We  will  provide  a  copy  of  such 
Program Rules upon request. If you close your account and/or membership, 
you will forfeit all rewards points earned but not yet credited. WE MAKE NO 
WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, 
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS 
OR  SERVICES  PURCHASED  WITH  BONUS  POINTS,  AND  WE  WILL  HAVE  NO 
LIABILITY  FOR  ANY  DEFECTS  IN  SUCH  GOODS  OR  SERVICES  OR  FOR  ANY 
DAMAGES RESULTING FROM THEIR USE.

24. Purchase Rebate: For cards with the annual rebate feature, an annual 
rebate  will  be  given  on  purchases  made  throughout  the  calendar  year 
decreased by any purchase credits and excluding cash advances, advances 
made  to  pay  off  other  loans,  or  any  other  increase  of  your  VISA  account 
balance, e.g. fees, interest charges. The amount of the rebate is computed 
on the amount of VISA card purchases made in the calendar year according 
to the following breakdown: .0025 on the portion of annual purchases $0 
to $999.99; .0050 on the portion of annual purchases $1,000 to $1,999.99; 
.0075 on the portion of the annual purchases $2,000 to $2,999.99; .01 on the 
portion OVER $3,000. The purchase rebate will be credited to your APGFCU 
share account by the end of January for the previous year’s purchases. The 
rebates will only be credited to the accounts of members in good standing. 
If you close your account and/or membership, you may forfeit all purchase 
rebate dollars earned but not yet credited.

25.  How  We  May  Contact  You:  You  expressly  agree  in  order  for  APGFCU 
to  provide  information  about  your  account  and  obtain  any  payment  for 
amounts you may owe APGFCU, we or our authorized parties may contact 
you and send text messages to you.  We may use pre-recorded/artificial voice 
messages or an automated dialing device to contact you at any telephone 
number associated with your APGFCU account, including mobile numbers, 
as permitted by applicable law. You also expressly agree that we may email 
you at any email address you have provided us.

26. Governing Law: This agreement is governed by the Annotated Code of 
Maryland, Financial Institutions Article, Title 6 and the Annotated Code of 
Maryland, Commercial Law Article, Title 12, Subtitle 9 and applicable federal 
law or regulation.

Page 3 of 4

Your Billing Rights: Keep this Document 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:
APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001
In your letter, give us the following information:
        •  Account information: Your name and account number.
        •  Dollar amount:  The dollar amount of the suspected error.
        •  Description of problem:  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.

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.

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:
        •  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.)
        •  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.
        •  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:
APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001
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. 

In case of errors or questions about your electronic funds transfer
(Federal Electronic Funds Transfer Act) call us at (410) 272-4000 or toll-free 
at 1-800-225- 2555. TTY: 1-800-811-4888. Or write us at APG Federal Credit 
Union, P.O. Box 1176, Aberdeen, Maryland 21001-6176, as soon as you 
can, if you think your statement or receipt is wrong or if you need more 
information about a transfer listed on the statement or receipt. We must 
hear from you no later than 60 days after we sent the FIRST statement on 
which the problem or error appeared.
        1. Tell us your name and account number (if any).
        2. Describe the error or the transfer you are unsure about, and               
            explain as clearly as you can why you believe it is an error or  
            why you need more information. 
        3. Tell us the dollar amount of the suspected error. 

If you tell us orally, we may require that you send us your complaint or 
question in writing within ten (10) business days. We will determine 
whether an error occurred within ten (10) business days (20 business days 
if the transfer involved a new account) after we hear from you and will 
correct any error promptly. If we need more time, however, we may take 
up to 45 days (90 days if the transfer involved a new account, or a foreign 
initiated transfer) to investigate your complaint or question. If we decide 
to do this, we will credit your account within 5 business days (20 days if 
the transfer involved a new account) for the amount you think is in error, 
so that you will have the use of the money during the time it takes us to 
complete our investigation. If we ask you to put your complaint or question 
in writing and we do not receive it within 10 business days, we may not 
credit your account. An account is considered a new account for 30 days 
after the first deposit is made, if you are a new member.

We will tell you the results within three business days after completing 
our investigation. If we decide that there was no error, we will send you a 
written explanation. You may ask for copies of the documents that we used 
in our investigation.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from 
your Share or Checking account, you can stop the payment on any amount 
you think is wrong. To stop the payment your letter must reach us three 
business days before the automatic payment is scheduled to occur.

Full Revision: A-1 09/2016

Federally insured by NCUA

Page 4 of 4

           
           
             
             
            
 
           
           
           
            
Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases, Cash 
Advances and Convenience Checks

2.99% Introductory APR for 9 months from date of account opening for Platinum Preferred, 
Platinum Preferred Rewards and Platinum Preferred Student/Starter Visa cards.

Visa Platinum Preferred

Visa Platinum Preferred Rewards

Visa Platinum Preferred Student/Starter

Visa Platinum Clarity

Classroom Supply Visaa

Share Secured Visa Platinum Rewardsb

Money Market Share Secured Visa Platinum Rewardsc

After that, your APR is based on your creditworthiness and will vary with the market based on the 
Prime Rate.
8.24% - 16.24%
9.74% - 17.74%
14.24% - 16.24%

15.99% non-variable APR

The APRs below will vary with the market based on the Prime Rate.
3.25%
4.25%
4.25%

Annual Percentage Rate (APR) for Balance Transfers 2.99% Introductory APR for 9 months from date of account opening for Platinum Preferred, 

Penalty APR and When it Applies

How to Avoid Paying Interest on Purchases

For Credit Card Tips from the Consumer Financial 
Protection Bureau
  Fees
Transaction Fees
• Cash Advance
• Overdraft Protection Advance (if enrolled)
• Foreign Transaction
• Balance Transfer

Penalty Fees 
• Late Payment
• Returned Payment

Platinum Preferred Rewards, and Platinum Preferred Student/Starter Visa cards.

After that, your APR will be 8.24% to 17.74%, based on your creditworthiness and product type 
when you open your account. This APR will vary with the market based on the Prime Rate. 

18%
This APR may apply to your account if you:
• Are over 60 days past due; or
• Make a payment that is returned and causes your account to be over 60 days past due.
How long will the penalty APR apply? If your APRs are increased for either of these reasons, the 
penalty APR may apply indefinitely.

Your due date is at least 25 days after the close of each billing cycle. We will not charge you 
interest on purchases if you pay the entire balance by the due date each month. We will begin 
charging interest on balance transfers, cash advances and overdraft advances, if enrolled, on the 
transaction date.

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.

• $2
• $5 per day
• Up to 1% of transaction amount
• None

• $25
• $20

How We Will Calculate Your Balance:  We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

Variable Rate Information: Variable APRs are based on the 3.50% Prime Rate as of September 20, 2016. Your APR may vary. Rates are determined and adjusted 
monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in the Wall Street Journal on the first business day of every 
month. The Margin will range from 4.74% to 14.24% based on an evaluation of each member’s credit history and product type.

a We add 0.00% to the Prime Rate for the Classroom Supply Visa.

b We add 1.00% to the Prime Rate for the Share Secured Visa, not to exceed 5.00% above the current rate on the Regular Share Accounts.

c We add 1.00% to the Prime Rate for the Money Market Share Secured Visa, not to exceed 5.00% above the lowest Money Market tier rate.

Balance transfers will be applied to your account and sent to your designated payee(s) 10 days after we open your new account. If you want to cancel or 
modify your balance transfer within the first ten-days of account opening, please call 1-800-225-2555. Please continue to make regular payments to your other 
account(s) until you know the balance has been paid.

This disclosure was printed and accurate as of September 20, 2016, and is subject to change after that date. To find out what may have changed, or if you have 
any questions regarding this disclosure, call toll free 1-800-225-2555, or 1-800-811-4888 TTY.

Page 1 of 1

TERMS AND CONDITIONS OF BALANCE TRANSFER OFFER
FOR NEW APGFCU VISA® ACCOUNTS

• 2.99% APR introductory rate will be in effect for nine

months from issuance.

• After nine months, your introductory rate will end
and your standard cash advance rate will apply.

• You authorize APGFCU to pay off the balances or
portions of the balances due on the credit cards/
charges/loans listed on the solicitation, which could 
be located on the reverse side, bottom portion 
of form, verbally or via online request by means 
of a Balance Transfer charged to your APGFCU 
Visa account.  There is no limit to the number of 
transfers permitted up to your approved credit limit. 
Should you have additional balances you wish to 
pay off, please attach a list with the same requested 
information as supplied on this form.

• You understand the balance transfer request

may not pay your total balance due, resulting in 
outstanding charges. You should continue to make 
payments to these credit card or loan issuers until 
the balance transfer is reflected on your account 
as being issued as a payment to your creditor. All 
balance transfers are paid directly to the creditor.

• APGFCU is not responsible for any payments being
late, lost in the mail or for any finance or other 
charges that may occur due to a delay in processing 
a balance transfer request.

• Balance transfers could be subject to a transaction

fee, which will be disclosed within the offer.

• Balances transferred using this limited-time offer
will not receive a balance transfer cash rebate or 
reward points.

• Balance transfers are always subject to Finance
Charges from the date they are posted to your 
account to the date on which they are paid in full.

• You must pay in full the entire balance (including

balance transfers and new purchases) by the end of
each payment cycle to avoid accruing interest on 
purchases.

• Each balance transfer will reduce your available
credit. We will process the requested balance 
transfers in the order you provide. Should there 
be an insufficient credit limit on your account, you 
understand we will pay off the balances up to the 
amount available, which could result in a partial 
payment of the remaining account balances.

• The total amount(s) of your request cannot exceed
your available credit. Should the request exceed 
the available credit, we will decline the request 
and you will have the option to apply for a credit 
limit increase. APGFCU reserves the right to refuse 
to honor any request. You should not transfer the 
amount of any disputed purchases or other charges. 
If you do, you may lose your right to dispute the 
charges.

• This offer cannot be combined with any other

balance transfer offers. We will not process any 
balance transfer requests that are from any other 
account or loan issued by APGFCU. 

Page 1 of 1

SECURITY INTEREST DISCLOSURE

I/we  acknowledge  and  pledge,  as  a  condition  of  my/our  use  of  the  APGFCU  credit  card,  that  I/we  have 
voluntarily granted APGFCU a security interest in all my/our individual and joint shares, share draft and share 
certificates now or in the future held at AGPFCU. If my/our credit card loan becomes delinquent, this security 
interest may be used without further notice to pay all or any part of such delinquency.  This security interest 
does not apply to shares in an IRA, Keogh, or similar tax deferred account. 

In addition, I/we acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts 
owed APGFCU for use of this credit card by me/us or any authorized user and may be applied upon default 
against any of my/ours shares, share draft or share certificate account balances without further notice to pay 
all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar 
tax deferred account.

Page 1 of 1

Full Revision: A-1 09/2016