ADDITIONAL PROVISIONS: All credit for purchases and advances is extended at 
the option of the merchant or cashing financial institution, and we are not responsible 
for  the  refusal  of  any  merchant  or  financial  institution  to  honor  your  Card.    We  do 
not  warrant  any  merchandise  or  services  purchased  by  you  with  your  Card.    This 
Agreement is performable in Denton County, Texas, and the validity, construction, and 
enforcement  of  this  Agreement  shall  be  governed  by  the  laws  of  the  State  of  Texas 
to the extent not preempted by federal law.  Each provision of this Agreement must 
be considered as part of the total Agreement, and cannot in any way be severed from 
it.  However, you also agree that should any part of this Agreement be found invalid, 
it will in no way affect the remainder of this Agreement.  The Credit Union can delay 
enforcing any of its rights under this Agreement without losing them.

AGREEMENT AND ACKNOWLEDGMENT: By signing the application for a Card, 
or by using the Card, you agree to all the terms and conditions and promise to perform 
all  the  obligations,  requirements  and  duties  set  forth  in  this  Agreement.    You  also 
acknowledge receipt of a copy of this Agreement.

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:

DATCU
Attn: Credit Card Department
P.O.  Box 827
Denton, TX 76202-0827

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 statement, 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.

You are responsible for promptly examining each statement. You agree that 
we  will  not  be  liable  for  any  unauthorized  withdrawal,  if  you  fail  to  notify 
us within 60 days after the first unauthorized withdrawal appeared on your 
statement. We also will not be liable for subsequent unauthorized withdrawals 
by  the  same  wrongdoer  if  you  fail  to  notify  us  of  the  first  unauthorized 
withdrawal within the 60 day period, even if the subsequent unauthorized 
withdrawals are reported promptly. 

If you do not tell us within 60 days after the statement was mailed to you, 
you may not get back any money you lost after the 60 days if we can prove 
that we could have stopped someone from taking the money if you had told 
us in time.

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 your statement 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  statement 
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  statement. 
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. 

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: 

DATCU
Attn: Credit Card Department
P.O.  Box 827
Denton, TX 76202-0827

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.

P.O. Box 827
Denton, Texas 76202-0827
940.387.8585
datcu.org

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.

© 2014 DATCU
All Rights Reserved

Federally Insured by NCUA

Effective 10/17/2014     

MASTERCARD®
AGREEMENT AND DISCLOSURE
(Effective 10/17/2014 )

Notice:  Read  and  retain  this  MasterCard®  Agreement  for  future  reference.    This  is  the 
MasterCard®  Agreement  and  Truth-in-Lending  Disclosures  for  all  DATCU  MasterCard® 
Credit Cards. 

In  this  Agreement,  the  words  “you”  and  “your”  mean  any  person  who  signs  an  application 
for a Card or uses the Card.  The words “we,” “our,” “us,” and “Credit Union” mean DATCU.  
“The Card” means any credit card issued to you or those designated by you under the terms 
of this Agreement.  

“Use of the Card” means any procedure used by you, or by someone authorized by you, to 
make a purchase or obtain a cash advance whether or not the purchase or advance is evidenced 
by a signed written document.  “Unauthorized use of the Card” 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.

ISSUANCE OF CREDIT CARD: If your application is approved, the Credit Union may, at its 
discretion, establish a MasterCard® account in your name and cause one or more cards to be 
issued to you or those designated by you.  In such event, you authorize the Credit Union or its 
designee to pay for your account all items reflecting credit purchases made, balance transfers, 
cash advances obtained, or other credit extended through use of the Card.

CONVENIENCE  CHECKS:  The  Credit  Union  may,  at  its  discretion,  issue  checks  to  you 
which may be used for any purpose other than making a payment for credit to your account.  
Any  check  written  by  you  will  be  considered  a  cash  advance,  even  if  it  is  used  to  make  a 
purchase.  By signing such checks, you authorize us to pay the item for the amount indicated 
and return any item which would cause the outstanding balance in your account to exceed 
your credit limit. 

STOP  PAYMENT  ORDERS:  You  agree  that  our  rules  for  stopping  payment  on  ordinary 
checks  apply  to  stopping  payment  on  your  Convenience  Checks.    If  you  ask  us  to  stop 
payment or renew a stop payment order, you will be charged our standard stop payment fee as 
set forth on our Truth in Savings Fee Schedule for each order or renewal of an order.

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, balance 
transfers, and advances made by anyone you authorize to use your account, whether or not 
you notify us that the person you authorize will be using it.  If you authorize someone else to 
use your account and you want to end that person’s privilege, you must notify us in writing 
and, if that person has a Card, you must return that Card with your written notice for it to 
be effective.  

CREDIT LIMITS: You promise that payments made for your account resulting from use of 
the Card or your Convenience Checks will, at no time, cause the outstanding balance in your 
account to exceed your credit limit as established by us or as adjusted from time to time at our 
discretion.  Cash advances are limited to 50% of your credit limit. If you exceed your credit 
limit, we can still charge you for all purchases and advances without giving up any of our rights.  
If you write a Convenience Check which causes you to exceed your credit limit, we are under 
no obligation to pay such check, and it may be returned to the payee unpaid at our option.

PROMISE TO PAY: You promise to pay the Credit Union or its designee and be liable for 
all advances, balance transfers, purchases, and other credit extended under this Agreement 
made by your or anyone whom you authorize to use the Card or Account together with any 
INTEREST CHARGES as set forth below.  

At the end of each billing cycle for which you have a balance or a transaction on your account, 
you will be furnished with a periodic statement showing, among other things, the “previous 
balance” (the outstanding balance in the account at the beginning of the billing cycle), the 
amount of all purchases, balance transfers, advances, and INTEREST CHARGES, and other 
charges or fees posted to your account during the billing cycle, and the amount of all payments 
and credits posted to your account during the billing cycle, and the balance owed as of the 
end of the billing cycle.  The balance owed will be designated as the “New Balance” on the 
periodic statement.

mcagreementanddisclosureEffective10_17.indd   1

10/9/2014   11:53:30 AM

 
 
 
    
 
 
   
 
    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
You  agree  to  pay  on  or  before  the  “Payment  Due  Date”  shown  on  the  front  of  the 
periodic statement, at your option, either (a) the entire New Balance or (b) a minimum 
payment equal to an amount which is equal to the greater of $25 or 2% of the New 
Balance plus any amount in excess of the credit limit established by us and any past due 
minimum payments. If any New Balance is $25.00 or less, you agree to pay it in full.  
You may make extra payments in advance of the due date without penalty, and you may 
repay any funds advanced, credit extended, or amount outstanding at any time without 
penalty  for  early  payment.    Regardless  of  the  amount  of  any  extra  payments  during 
a given month, a monthly payment will be required the following month if a balance 
remains in your account.

COST  OF  CREDIT:  You  will  pay  an  INTEREST  CHARGE  for  all  advances  made 
against  your  account.  Cash  advances  and  balance  transfers  will  incur  an  INTEREST 
CHARGE from the date they are posted to your account. New purchases will not incur 
an INTEREST CHARGE on the date they are posted to your account and will have 
a 25-day grace period if you have paid the account in full by the Payment Due Date 
shown on your previous monthly statement or if there was no previous balance. Late 
fees, Return Check Service Charges, and third-party ATM surcharges will be added to 
the balance of your account and treated as new purchases. Except for cash advances 
and balance transfers, no additional INTEREST CHARGE will be incurred whenever 
you pay the account in full prior to the Payment Due Date.

If your account features an Introductory Rate, as indicated on the Additional Disclosure 
enclosed with this Agreement, you will pay an Introductory Rate INTEREST CHARGE 
for  purchases,    balance  transfers,  and  cash  advances  made  at  the  periodic  rate  and 
corresponding  ANNUAL  PERCENTAGE  RATE  and  for  the  time  period  set  forth 
on  the  Additional  Disclosure.    After  any  applicable  Introductory  Rate  period,  or  at 
any  time  if  there  is  no  Introductory  Rate  Period,  the  periodic  rate  used  to  compute 
the  INTEREST  CHARGE  for  purchases,  balance  transfers,  and  cash  advances  (the 
“Standard Rate”) is variable and may increase. The variable rate is based on an index (the 
“Index”) which is the Prime Rate as published in the Money Rates section of The Wall 
Street Journal on the last business day of the month and is subject to change monthly. 
Any change in the Index will be effective on the first day of the billing cycle following 
the date of change. An increase in the Index will result in an increase in the periodic rate, 
which in turn, may result in higher payments. For all advances, the Daily Periodic Rate 
will  never  be  greater  than  a  Daily  Periodic  Rate  of  0.049288%,  which  corresponds 
to  an  ANNUAL  PERCENTAGE  RATE  of  17.99%.  There  is  a  minimum  INTEREST 
CHARGE of $1 for each statement period in which an INTEREST CHARGE is due.

Except  for  any  Introductory  Rate  period,  the  ANNUAL  PERCENTAGE  RATE  for 
purchases,  balance transfers, and cash advances will be the Index plus the Purchases 
Base  Rate  set  forth  in  the  Additional  Disclosure.  The  initial  Daily  Periodic  Rate  and 
corresponding  ANNUAL  PERCENTAGE  RATE  for  purchases,  which  are  accurate 
within  30  days  of  the  time  this  Agreement  is  provided  to  you,  are  set  forth  in  the 
Additional  Disclosure.  In  addition  to  the  variable-rate  aspects  of  your  account,  the 
ANNUAL PERCENTGE RATE for purchases after any applicable Introductory Rate 
period is also based on certain creditworthiness criteria. 

A  portion  of  the  INTEREST  CHARGE  is  figured  by  applying  the  applicable  Daily 
Periodic Rate to the Average Daily Balance of your account for each feature category, 
including  certain  current  transactions.  Feature  categories  include  purchases,  balance 
transfers,  and  cash  advances.  The  Average  Daily  Balance  is  arrived  at  by  taking  the 
beginning balance of each feature category each day and adding any new transactions 
to  the  balance,  except  if  you  have  paid  your  account  in  full  by  the  Payment  Due 
Date shown on the previous monthly statement or there is no previous balance, new 
purchases are not added to their respective feature category balances. 

When determining balances, we may combine feature category balances that have the 
same periodic rate and other interest charge terms. We then subtract any payments or 
credits and unpaid INTEREST CHARGES allocated to the feature category balance 
for the day. This gives us the daily balance for the feature category. The daily balances 
for each feature category are then added together and divided by the number of days 
in the billing cycle. The result is the Average Daily Balance for each feature category. 
The periodic INTEREST CHARGE is determined by multiplying each feature category 
Average  Daily  Balance  by  the  number  of  days  in  the  billing  cycle  and  applying  the 
applicable Daily Periodic Rate to the product. The Total INTEREST CHARGE for each 
statement period is the sum of the periodic INTEREST CHARGES for each feature 
category plus any non-periodic INTEREST CHARGES.

LIABILITY FOR UNAUTHORIZED USE: You may be liable for the unauthorized use 
of your Card. If you notice the loss or theft of your Card or a possible unauthorized use 
of your Card, you should call us immediately at:

(940) 387-8585 or Toll Free (866) 387-8585

You may also write us at:

DATCU Credit Union
P.O. Box 827
Denton, TX 76202-0827

Although you may write to notify us of unauthorized use, calling us immediately at the 
telephone number above is the best way to keep your possible losses down.

Under  MasterCard’s  zero  liability  policy,  the  Cardholder  will  not  be  liable  for  any 
unauthorized transaction if the Cardholder has exercised reasonable care in safeguarding 
the  Card  from  risk  of  loss  or  theft  and,  upon  becoming  aware  of  such  loss  or  theft, 
promptly reports the loss or theft to DATCU.

You will not be liable for any unauthorized use that occurs after you notify us. You may, 
however, be liable for unauthorized use that occurs before your notice to us. In any case, 
your liability will not exceed $50.00.

CREDITING OF PAYMENTS: We do not charge for payments you make by regular 
mail service or other standard payment methods we have approved. If we charge a fee 
for any expedited payment service we offer, that fee will be disclosed to you at the time 
you request the service. All payments made on your Account at the address designated 
for payment on the monthly periodic statement will be credited to your Account on 
the date of the receipt.  If the date of receipt is not a business day, your payment will 
be credited on the first business day following receipt.  All minimum payments required 
for your account will be applied first to any collection costs due, then to any INTEREST 
CHARGE and other fees, and then to the unpaid principal balance in our discretion.  
Payments  received  in  excess  of  the  minimum  required  payment  will  be  applied  first 
to the balance with the highest interest rate. Interest paid or agreed to be paid shall 
not  exceed  the  maximum  amount  permissible  under  the  applicable  law,  and  in  any 
contingency whatsoever, if we shall receive anything of value deemed interest under 
applicable law which would exceed the maximum amount permissible under applicable 
law,  the  excessive  interest  shall  be  applied  to  the  reduction  of  the  unpaid  principal 
amount or refunded to you.

LATE  PAYMENTS:  Any  payment  that  delays  the  reduction  of  your  balance  will 
increase  your  total  interest  cost.    We  may  accept  late  payments,  partial  payments, 
checks, or money orders marked “payment in full” or may delay enforcing any of our 
rights without forfeiting them and such action on our part shall not constitute a waiver 
of our rights.

LATE CHARGE: If a payment is ten days or more in arrears, you will be charged a late 
charge of $25.

RETURN CHECK SERVICE CHARGES: If you make a payment on your account by 
ordinary check or otherwise and the check or payment is returned to the payee unpaid, 
or if you write a Convenience Check which causes you to exceed your credit limit or 
is otherwise returned to the payee unpaid, you will be charged a Returned Check Fee 
of $25.

SECURITY:    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 
EXTENSIONS  MADE  UNDER  THIS  AGREEMENT.    THE  GRANTING  OF 
THIS SECURITY INTEREST IS A CONDITION FOR THE ISSUANCE OF ANY 
CARD  WHICH  YOU  MAY  USE,  DIRECTLY  OR  INDIRECTLY,  TO  OBTAIN 
EXTENSIONS OF CREDIT UNDER THIS AGREEMENT.

Shares  and  deposits  in  an  Individual  Retirement  Account  or  any  other  account  that 
would lose special tax treatment under state or federal law if given as security are not 
subject to the security interest you are giving.   

ADDITIONAL SECURITY: If you have other loans with us, now or in the future, 
collateral securing those loans may also secure your obligations under this Agreement.  
You  understand  that  you  should  read  any  security  agreement  you  sign  in  order  to 
determine if the collateral also secures your obligations under this Agreement and any 
other agreements you have with us.

YOUR  RESPONSIBILITY:  You  promise  to  notify  us  of  any  change  in  your  name, 
address,  or  employment.    You  promise  not  to  obtain  an  advance  or  credit  extension 
under  this  Agreement  if  you  know  there  is  a  reasonable  probability  that  you  will  be 
unable to repay your obligation according to the terms of the credit extension.  You 
promise  to  inform  us  of  any  new  information  which  relates  to  your  ability  to  repay 
your obligation.  You promise not to submit false or inaccurate information or willfully 
conceal information regarding your creditworthiness, credit standing, or credit capacity.  
You will not make purchases or obtain advances so that your balance will exceed your 
credit limit.

DEFAULT: If you fail to make any payment on time or not meet any of the conditions 
of this Agreement, or if your Card is canceled, or if surrender is demanded by the Credit 
Union,  or  if  any  attachment,  garnishment,  or  like  proceeding  is  brought  against  you 
or your property, or if you have given us false or inaccurate information in obtaining 
your Card, or if we, in good faith, believe that your payment or performance of your 
obligation is impaired, then you will be in default, in which event we may at our option 
declare all amounts then owed by you to be immediately due and payable without any 
further notice or demand to you, and you expressly waive any notice of our intent to 
accelerate, notice of acceleration, or demand.  You must pay us at that time the total 
unpaid balance, as well as the INTEREST CHARGE to date and our costs of collection, 
including reasonable attorney’s fees that we may incur.  INTEREST CHARGES shall 
continue to accrue until the entire amount is paid.  The Card remains our property at all 
times, and you agree to immediately surrender the Card and any unused Convenience 
Checks upon the Credit Union’s demand.

JOINT APPLICANT LIABILITY: In the event this Agreement is executed by someone 
in addition to you, it is further agreed that the terms “you” and “your” as used herein 
shall refer to you collectively and that each of you shall be jointly and individually liable 
to the Credit Union for all charges made to the account, including applicable fees.  In 
addition, you agree that each of you designates the other as agent for the purpose of 
making purchases extended under this Agreement and each use of your account shall 
be an extension of credit to all.  Notice to one of you shall constitute notice to all.  Any 
joint applicant may remove himself/herself from responsibility for future purchases at 
any time by notifying the Credit Union in writing.  However, removal from the account 
does not release any joint applicant from liability already incurred.

MODIFICATION:  We  may  change,  delete,  or  add  to  the  terms  of  this  Agreement, 
including the periodic rate, at any time subject to such notice as may be required by 
applicable law.  If you use your Card to make a purchase or balance transfer or obtain 
a cash advance after having been given notice of a change in terms, you agree that the 
existing balance in your account at the time of that use will be subject to the new terms, 
as shall subsequent uses, unless prohibited by law.

TERMINATION:  You  understand  that  the  Credit  Union  may,  by  written  notice, 
terminate this Agreement at any time.  You may terminate this Agreement, by written 
notice, as to future advances at any time.  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 other related charges.

INTERNATIONAL  TRANSACTIONS:    If  you  effect  an  international  transaction 
with  your  MasterCard®,  MasterCard®  International  Incorporated  will  convert  the 
charge  into  a  U.S.  dollar  amount.    MasterCard®  International  will  use  its  currency 
conversion  procedure,  which  is  disclosed  to  institutions  that  issue  MasterCard® 
cards.    Currently  the  currency  conversion  rate  used  by  MasterCard®  International 
to determine the transaction amount in U.S. dollars for such transactions is generally 
either  a  government-mandated  exchange  rate  or  a  wholesale  exchange  rate  selected 
by MasterCard® International for the applicable currency on the day the transaction 
is processed, which rate may differ from the applicable rate on the date the transaction 
occurred  or  when  the  transaction  is  posted  to  your  account.  We  will  charge  a  one 
percent Foreign Transaction Fee on all international transaction amounts.

There is no grace period within which international transactions may be repaid to avoid 
the Foreign Transaction Fee.

ILLEGAL  TRANSACTIONS:  You  may  not  use  the  Card  for  any  illegal  purpose  or 
transaction.  The Credit Union may refuse to authorize any transaction that it believes 
to be illegal or that poses an undue risk of illegality. You agree that any illegal use of 
the Card will be deemed an act of default under this Agreement.  You further agree 
to waive any right to take legal action against the Credit Union for your illegal use of 
the Card and to indemnify and hold the Credit Union and MasterCard® International, 
Incorporated, harmless from and against any lawsuits, other legal action, or liability that 
results directly or indirectly from such illegal use.

NOTIFICATION ADDRESS FOR INFORMATION REPORTED TO CONSUMER 
REPORTING  AGENCIES:  You  authorize  us  to  check  your  credit  and  employment 
history and to request and use credit reports in connection with your application and, if 
approved, maintenance of your account. We may report the status and payment history 
of  your  account  to  credit  reporting  agencies  each  month.    Late  payments,  missed 
payments, or other defaults on your accounts may be reflected in your credit report.  
If  you  believe  that  the  information  we  have  reported  to  a  credit  reporting  agency  is 
inaccurate  or  incomplete,  or  if  you  are  in  need  of  transaction  records  related  to  an 
incident of identity theft, you should notify us in writing at: DATCU, 225 W. Mulberry, 
P.O. Box 827, Denton, TX 76202-0827.  Please include your name, address, telephone 
numbers,  account  number,  and  identify  the  information  that  is  the  subject  of  your 
notification. If your notification relates to an alleged incident of identity theft, we will 
require a copy of your identity theft report filed with law enforcement authorities.

mcagreementanddisclosureEffective10_17.indd   2

10/9/2014   11:53:30 AM