VISA RETAIL INSTALLMENT CREDIT AGREEMENT

The  Summit  Federal  Credit  Union

In this Agreement the word “card” or “card(s)” refers to all VISA cards
issued to you, including any substitute or renewal card(s) (which we are
authorized  to  reissue  at  any  time).  The  words  “you,”  “your,”  and
“yours” refer to each VISA applicant and anyone else the applicant
permits to use a card. The words “we,” “us,” and “our” refer to The
Summit  Federal  Credit  Union.

SIGNATURE AND CREDIT LIMIT. This Agreement shall not become
effective with respect to the purchase or lease of property or services
unless and until you or a person authorized by you first signs a sales
slip  or  memorandum  evidencing  a  purchase  or  lease  of  property  or
services by use of the card. Your electronic or telephonic authorization
to a merchant to debit your credit card account to pay for the purchase
or lease of property or services shall be considered your signature on a
sales  slip  or  memorandum  evidencing  the  purchase  or  lease.  The
Agreement will be effective with respect to cash advances when you or
someone you authorize signs an advance request, a convenience check
or gives some other authorization for a cash advance or uses the card or
your Personal Identification Number (“PIN”) at an automated teller
machine (“ATM”) or otherwise to obtain a cash advance. Prior thereto,
you will not be responsible for any purchase or lease of property or
services or cash advances by use of the card after its loss or theft. Your
initial credit limit is stated on the carrier containing the card(s), and your
current  credit  limit  will  appear  on  your  billing  statement. You  may
request  an  increase  in  your  credit  limit  by  a  written  application  or
telephone request to us. We have the right to increase or reduce your
credit limit or to terminate your borrowing privileges at any time without
prior notice to you. You may not allow the outstanding balance of your
account to exceed the credit limit which we approve from time to time.
We may, at our discretion, make advances from your account in excess
of your credit limit, but that will not change the amount of your credit
limit. Any  such  advances  are  subject  to  all  the  provisions  of  this
Agreement. You agree to repay any outstanding amounts which exceed
your credit limit immediately on our demand.

USE AT AUTOMATED TELLER MACHINES. If your card can be
used at ATMs, you have been given a PIN. You promise that you will
not give your card or PIN to anyone who is not authorized to use your
card. You also agree not to write your PIN on the card itself.

USE OF THE CARD. You may use the card to make purchases or
leases of goods or services in person, by mail, electronically (through
the Internet) or by telephone from merchants and others who accept
VISA cards. You may also obtain cash loans (called “cash advances”)
from  us,  from  other  financial  institutions  participating  in  the  VISA
program, from automated teller machines which are part of the PLUS
SYSTEM ATM network, or by using a convenience check which we
send you for that purpose.

(Not all ATMs provide such access and you will need to use your PIN
at those that do.) Cash advances can be used to make balance transfers.

You  will  owe  us  the  amount  charged  by  use  of  the  card,  your  card
number or your PIN, plus any other charges provided in this Agreement,
all payable in U.S. dollars.

We will not be responsible for the failure of any third party to honor
your  card.  Furthermore,  utilization  of  your  card  in  some  cases  (for
instance, for a transaction in an amount above a certain level) will be
subject to our approval. We will make every effort to approve all your
transactions in accordance with the terms of this Agreement.

However, there are times when our approval system is not working, and
there are other cases (for instance, abnormal frequent use of the card)
where our approval will be withheld. Because of security reasons, we
cannot divulge the details of our approval system. However, you agree
that we will not be responsible for the failure to approve a transaction in
such cases.

NO USE FOR ILLEGAL TRANSACTIONS. You agree not to use
the Card, the Card number or your PIN in connection with any illegal
transaction, such as, but not limited to, illegal gambling. The Credit
Union may assume, without any further inquiry, that all transactions
made by you or someone authorized by you using the Card, the Card
number or the PIN are legal, even if the Credit Union has actual or
imputed knowledge of information which might reasonably lead it to
question whether a particular transaction is legal.

FOREIGN TRANSACTIONS. Purchases and cash advances made in
foreign countries and foreign currencies will be billed to you in U.S.
dollars. The exchange rate to dollars will be determined in accordance
with the operating regulations established by Visa International from
time to time. As of the date these disclosures were published, those
regulations established the conversion rate as either the rate selected by
Visa from the range of rates available in wholesale currency markets,
which may vary from the rate Visa itself receives, or the government-
mandated rate in effect for the applicable central processing date. The
currency conversion rate used on the processing date may differ from
the rate that would have been used on the purchase date or statement
posting  date. You  will  be  required  to  pay  any  International  Service
Assessment or other fee that Visa imposes on you or us in connection
with the transaction, which is currently 1% of the transaction amount.

HOW TO STOP PAYMENT OF A CHECK. You may request stop
payment of a convenience check by notifying us by telephone at the
following  telephone  number:  (585)  453-7030  or  (800)  836-SFCU,
extension 7030. Your stop payment request will only be effective for
fourteen (14) days from your notice unless the stop payment request is
in writing, signed by you, describes with certainty the item on which the
payment is to be stopped, and is received by us at 100 Marina Drive,
Rochester, New York, 14626, in a timely manner so as to afford us a
reasonable opportunity to act upon it. In any event, we may disregard
any stop payment request six (6) months after we receive it unless you
renew the stop payment request by writing to us within that six month
period. If you request a stop payment, a fee of $29.00 will be charged to
your account, even if we are unsuccessful in stopping the payment. We
will  use  commercially  reasonable  efforts  to  stop  payment  on  your

convenience check. However, you agree that we will not be responsible
in any way if a convenience check is cashed or otherwise presented for
payment  after  you  have  requested  us  to  stop  payment  and,  using
commercially reasonable efforts, we are unable to stop payment.

appearing on the statement; and (ii) the statement shows no previous
balance for purchases, or you paid the previous balance for purchases
in full by the due date shown on the previous statement. The due date will
be at least twenty-five (25) days from the closing date of the billing cycle.

MONTHLY STATEMENT. If you have a balance in your account at
the end of your billing period, we will send you a statement. It will show
separately your purchase(s), your cash advance(s), the finance charge,
the minimum payment due, and the date the payment is due. The statement
will be sent to you at least 21 days before the date that your payment is due.

PAYMENTS. Payments should be sent to:
VISA
P.O. Box 37603
Philadelphia, PA 19101-0603

There could be a delay of up to five (5) days in crediting the payment to
your  account  if  you  send  a  payment  to  us  at  any  other  address. All
payments  must  be  made  in  U.S.  Dollars  and  drawn  on  a  financial
institution located in the United States.

MINIMUM PAYMENT. The minimum payment will be the sum of (a)
through (c) below:

(a) 2.4% of the total New Balance as shown on your monthly
billing statement;
(b) entire portion of the New Balance in excess of your credit
limit;
(c) any amount past due.

NOTE: If the sum of (a) through (c) is less than $25, a minimum payment
of $25 will be due. However, if the New Balance shown on your monthly
statement is less than $25, the entire New Balance will be due. The New
Balance includes outstanding indebtedness for purchases and/or cash
advances, fees, finance charges, and any other obligation(s) under this
Agreement.

If the minimum payment computed as above is not an even dollar amount,
the minimum payment due may be rounded to the next higher dollar.

PAYING MORE THAN THE MINIMUM. You may at any time pay
more than the minimum amount due, or even the total new balance
shown on your monthly statement. The sooner you pay your New
Balance, the less you have to pay in FINANCE CHARGES. Paying
more than the minimum in one month, however, does not relieve you of
your obligation to pay the minimum monthly payment in every other
month.

FINANCE CHARGES. FINANCE CHARGES on your account will
be determined by applying a Periodic Rate to the “average daily balance”
for your purchases and cash advances. FINANCE CHARGE accrues
on both purchases and cash advances from the date of the transaction or
the first day of the billing cycle in which the transaction is posted to
your account, whichever is later, to the date that payment for the purchase
or cash advance is credited to your account. However, you can avoid
paying a finance charge on current billing cycle purchases (those itemized
on your statement) if: (i) you pay for the new purchases by the due date

We  calculate  the  FINANCE  CHARGE  on  your  account  by  (1)
multiplying the applicable Periodic Rate described below by (a) the
“purchase average daily balance”, and (b) the “cash advance average
daily balance” and (2) adding together the results of those calculations.

To get the “purchase average daily balance” we take the beginning daily
balance of your account attributable to purchases, add new purchases
or debits attributable to purchases, and subtract any payments or credits
attributable to purchases. We do not include unpaid finance charges in
that calculation. This gives us the “purchase daily balance.” Then we
add up all the purchase daily balances for the billing cycle and divide the
total  by  the  number  of  days  in  the  billing  cycle.  This  gives  us  the
“purchase average daily balance.”

To get the “cash advance average daily balance” we take the beginning
daily balance of your account attributable to cash advances, add new
cash advances or debits attributable to cash advances and subtract any
payments or credits attributable to cash advances. We do not include
unpaid finance charges in this calculation. This gives us the “cash advance
daily balance.” Then we add up all the cash advance daily balances for
the billing cycle and divide the total by the number of days in the billing
cycle. This gives us the “cash advance average daily balance” of your account.

All VISA Credit Card Accounts available have variable interest rates.
The variable rate is determined at the beginning of each billing cycle by
adding the margin assigned to your account (VISA Gold 4.25%, VISA
Platinum 5.75%, VISA Classic 7.50%) to the Index (defined below).
The Index is the highest prime rate published in the Wall Street Journal
in  the  “Money  Rates”  section,  on  the  last  Tuesday  of  the  calendar
month immediately preceding the beginning of the billing cycle.  The
Index rate is the index from which your ANNUAL PERCENTAGE
RATE and corresponding monthly Periodic Rate will be determined. If
the Index becomes unavailable, another index will be selected. Your rate
may increase or decrease depending upon the Index as of the next billing
cycle. All other things being the same, a rate increase will increase the
amount  of  FINANCE  CHARGE  and  may  increase  the  scheduled
minimum payment.  No matter what the Index is, in no event shall the
ANNUAL  PERCENTAGE  RATE  exceed  18%  or  a  corresponding
monthly Periodic Rate of 1.5%. Your initial ANNUAL PERCENTAGE
RATE will be specified in a document that is part of this Agreement and
is  provided  when  your  account  is  open. As  of  January  1,  2012  the
corresponding monthly Periodic Rates are the following: VISA Gold
0.625%, VISA Platinum 0.75%, VISA Classic 0.895%.

LATE FEE. If any part of your minimum payment is more than 10
days late, you will be charged a fee of up to $25.00.

RUSH CREDIT CARD REPLACEMENT FEE. There is a $14 fee for
credti card replacement (for 2-3 day delivery) and a $25 fee for expedited
delivery of 1-2 days.

CASH ADVANCE FEE. A fee of one percent (1%) of the cash advance
amount shall be imposed for any cash advance.

INSUFFICIENT FUNDS FEE. If any check or pre-authorized withdrawal
submitted to us as a payment on the account is returned to us for insufficient
funds, you will be charged a fee of $29.00. We may assess this charge the first
time your payment is not honored, even if it is paid on resubmission. There
is a $25 insufficient funds fee for convenience checks presented against a
VISA that is past due or has insufficient funds available.

CARD/PIN FEE. A fee of $5.00 will be imposed for replacement of
existing credit cards and PINs.

DUPLICATE SALES DRAFT FEE. A fee of $5.00 will be imposed for
copies of sales draft receipts.

STATEMENT/HISTORY COPY FEE. If you request documentary
evidence of a transaction on your account, we may pass along to you the
cost to us of researching this evidence at a rate of $20.00 per hour, with
a minimum charge of $5.00. No such charge will be imposed for billing
statement errors or inquiries.

CONVENIENCE CHECKS. There is a $5.00 charge for each check copy.
Members at The Summit’s Pinnacle and Affinity Level (refer to the current
Credit Union fee schedule for Benefit Level information) receive check copies
for free.

LOST  OR  STOLEN  CARDS.  If  a  card  is  lost  or  stolen,  you  must
immediately inform us, orally or in writing, at any office or branch, of the
time, place, and manner of loss or theft and of your name and VISA account
number.

LIABILITY FOR UNAUTHORIZED USE. Under Visa’s Zero Liability
Policy, you have liability protection for all of your card transactions
that  take  place  on  the Visa  system  unless  you  are  guilty  of  gross
negligence or fraud. Should someone steal your card or your card
number or otherwise obtain and use your card or your card number
without your permission, you pay nothing for their activity unless
you  were  grossly  negligent  or  acted  fraudulently.  If  you  notice
unauthorized activity on your account, promptly contact us to report
it. It is important to continually monitor your monthly statement to
identify  any  unauthorized  transactions.  We  may  impose  greater
liability on you if we reasonably determine that the unauthorized
transaction was caused by your gross negligence or fraudulent action
- which may include your delay for an unreasonable time in reporting
unauthorized transactions. In any case, you must immediately notify
the credit union of loss, theft or unauthorized use of your card or
your card number. Notice of unauthorized use may originally be oral,
but must be followed by written notice. Notice must be given to:

1-800-449-7728
PSCU Service Centers, Inc.
Customer Service
P.O. Box 31112
Tampa, Florida 33631-3112

If you tell us within two (2) business days after you learn that your card

or card number has been lost/stolen, you will not be liable for any losses
on your account. If you do not tell us within two (2) business days after
you learn of the loss or theft of your card or card number and you were
grossly negligent or acted fraudulently, your liability will not exceed $50.

BUSINESS  DAYS.  Our  business  days  are  Monday  through  Friday.
Holidays are not included.

APPLICATION OF PAYMENTS. We may apply all payments and
credits in accordance with our standard operating procedures and with
the requirements of applicable law.

SECURITY INTEREST. To secure repayment of amounts you owe to
The Summit Federal Credit Union under this Agreement, you grant to us a
security interest in all funds now and herafter on deposit with us in all deposit
accounts, shares, dividends, sums due and interest (collectively the “Funds”)
and in any new accounts that you may open with us hereafter, except that the
security interest you grant shall not extend to Funds that by applicable law
may not be made subject to a security interest.

DEFAULT AND COLLECTION COSTS. Nearly all of our accounts are
transacted in a perfectly normal way. However, we have the following rights:

(a)Default. You will be in default on this account if: (i) you fail to
make a required payment on time; (ii) you fail to perform any
other obligation to us, or any representation you make proves to
be untrue; (iii) you die or become the subject of a proceeding in
bankruptcy; or (iv) any third party attempts by legal process to
take any money or other property of yours in our possession; (v)
if we reasonably believe you will not be able to repay us for any
reason.

(b)Responses to Default. Upon default we may without notice cancel
the account and require immediate payment of all or any part of the
balance due. We may also exercise any of our other legal rights.

(c)Collection Costs. To the extent permitted by law, you agree to
pay our collection expenses, including without limitation court
costs and reasonable attorneys’ fees.

AMENDMENT. We may change the terms of this Agreement at any
time in accordance with the requirements of applicable law. To the extent
permitted by law and at the Credit Union’s option, amendments will
apply  to  amounts  outstanding  both  before  and  after  the  amendment
takes effect.

SENDING OF NOTICES. Unless otherwise required by the applicable
law,  any  statement  or  notice  to  you  under  this Agreement  will  be
sufficiently given if sent to your address on file in connection with this
account or to a new address of which you have notified us in writing at
least 20 days before the sending of the statement or notice.

IRREGULAR PAYMENTS. We may accept late payments, partial
payments, or items marked “payment in full” or the like without losing
any of our rights under this Agreement.

DELAY IN ENFORCEMENT. We may delay enforcing our rights under
this Agreement without losing them.

APPLICABLE LAW. Except to the extent that federal law shall be
controlling, your rights, our rights, and the terms of this Agreement shall
be governed by New York law.

NOTICE TO (YOU) THE BUYER: 1. Do not use the card before
you read this agreement or if it contains any blank space. 2. You
are entitled to a completely filled in copy of this credit agreement.

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 Summit Federal Credit Union
Canal Ponds Business Park
100 Marina Drive
Rochester, NY 14626-5104

CANCELLATION. We may reduce your credit limit or cancel the account
altogether. Unless you are in default, we will give you notice of any such
reduction or cancellation. We may also cancel your account by not sending
you a renewal card upon expiration of your outstanding card. You may
cancel your account only by notifying us to that effect and delivering the
card(s) to us (cut in half).

The card(s) at all times remain our property, and must be surrendered
immediately upon our request. Upon cancellation you remain obligated
to repay all amounts due under this Agreement.

Regardless of whether your account has been cancelled, no card may be
used after the expiration date indicated on the card.

SHARING  INFORMATION  AMONG  CREDIT  UNION
AFFILIATES. Information you provide to us or that we obtain from
third parties (for example, credit bureaus) will not be shared.

In your letter, give us the following information:  (a) Account information:
Your name and account number;  (b) Dollar amount: the dollar amount of
the suspected error;  (c) Description of problem: If you think there is an
error on your bill, describe what you believ e is wrong and why you believe
it is a mistake.

You must contact us (a) Within 60 days after the error appeared on your
statement, (b) 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:  (a) We
cannot try to collect the amount in question, or report you as delinquent
on that amount;  (b) The charge in question may remain on your statement,
and we may continue to charge you interest on that amount; (c) While
you do not have to pay the amount in question, you are responsible for
the remainder of your balance; (d) We can apply any unpaid amount
against your credit limit.

After we finish our investigation, one of two things will happen:  (a) 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;  (b) 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 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:  (a) 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); (b) 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;
(c) 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 Summit Federal Credit Union
Canal Ponds Business Park
100 Marina Drive
Rochester, NY 14626-5104

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.

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