06.0321 
 VISA� RETAIL INSTALLMENT CREDIT AGREEMENT  
The Summit Federal Credit Union  
 
In this Agreement the word �card� or �card(s)� refers to all Visa credit 
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. Sign your card before you use it. The 
first use of your card, check, or the card number means that you accept 
and agree to be bound by all the terms of this Agreement. 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. 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 (ATMs). If your card can 
be used at ATMs, you have been given a Personal Identification Number 
(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 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 or Visa 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. 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. You understand and agree that foreign transactions 
include internet transactions (and other transactions) initiated in the United 
States with a merchant who processes the transaction in a foreign country, 
and you acknowledge an International Service Assessment or other fee 
may be charged in such situations.  For the avoidance of doubt, you 
acknowledge that such transactions are considered made in foreign 
countries.  
 
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.  
 
MONTHLY STATEMENT. If you have a balance in your account at the 
end of your billing period or a transaction occurred during the 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) business 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 each month.  
  06.0321 
 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 CHARGES accrue 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 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. 
 
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 cards have variable interest rates. The variable rate is 
determined at the beginning of each billing cycle by adding the Margin 
assigned to your account to the Index. The Margin is determined based on 
your creditworthiness and will depend on the product type (Visa Gold: 
from 3.25% to 13.00%; Visa Platinum: from 4.75% to 14.50%; and Visa 
Signature: from 4.75% to 14.50%). 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. Your ANNUAL 
PERCENTAGE RATE may increase after your account is opened.  
 
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 $35.00 fee for 
credit card replacement (for 2-3 day delivery) and a $45 fee for expedited 
delivery of 1-2 days.  
 
DESIGN YOUR OWN CARD FEE. If you Design Your Own Card a fee 
of $9.95 will be charged to create the personalized card. To replace a 
Design Your Own Card, a fee of $5.00 will be charged.  
 
ANNUAL FEE. There is a $75 annual fee charged for the Visa Signature 
Credit Card.  
 
CASH ADVANCE FEE. A fee of two percent (2%) 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 $25.00. We may assess this 
charge the first time your payment is not honored, even if it is paid on 
resubmission. There is a $25.00 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.  
 
LOST OR STOLEN CARDS. If a card is lost or stolen, you must 
immediately contact Cardholder Services at 866-820-4085 to inform us 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:  
1-866-820-4085  
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 and there has been unauthorized 
use of your card, liability will not exceed $50.  
 
BUSINESS DAYS. Our business days are Monday through Friday. Holidays 
are not included.  
 
APPLICATION OF PAYMENTS. We may allocate payments to amounts 
due in any manner or order chosen by us, provided we comply with any 
applicable laws or regulations.  
 
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 hereafter 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. 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  06.0321 
 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.  
 
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 in writing.  
 
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.  
 
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  
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 believe 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.