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Visa Credit Card Terms and Agreement­ America First Credit Union

VISA® Account General Terms, Disclosure Statement & Card Agreement

This VISA Credit Card Agreement (Agreement) and the Account Disclosures accompanying this
Agreement will govern your VISA Credit Card and account issued by America First Credit
Union. In the agreement the words "you," "your," "yours," "applicant," and "borrowers" means
any person who signs or uses any Card or PIN issued on this account, including, any joint obligor,
guarantor, authorized user, or the person whose name is embossed on the Card. The words
"we," "us," "our," and "Lender" means America First Credit Union. The word "Card" means any
one or more credit cards issued under the Credit Union's VISA Classic and Platinum Card
programs. Except as speci(cid:214)cally indicated, all terms and conditions in this Agreement will apply
to the VISA Credit Card issued to you. By signing or using any Card or PIN, or allowing others
to use the Card or PIN, you and they will have accepted this Agreement including the Rate &
Fee Disclosure accompanying this Agreement, which is incorporated herein. Just as if you and
they signed it, you and they, jointly and severally, will be bound by the following terms and
conditions which will govern this Account.

1. ACCOUNT ACCESS 

a. Purchases and Cash Advances. You must sign the Card to use it. Once you have

signed the Card, you can use it to buy or lease goods or services, wherever the Card
is honored, up to the full amount of your credit line. You may use your Account to
get cash advances from us. You may also use your Card to get a cash advance from
participating (cid:214)nancial institutions or an automated teller machine (ATM). You may
use your Card to purchase goods and services any place your VISA Card is honored
by participating merchants. No purchase may exceed the available funds in your
account. The Credit Union reserves the right to refuse any transaction that would
draw upon insuf(cid:214)cient funds.

b. VISA Convenience Checks. If we approve, you may obtain advances under your

account by writing preprinted VISA convenience checks that we supply to you. Your
use of loan checks will be shown as cash advances on your monthly statement. We
may not honor your loan check if: your check is post-dated; payment of the check
would exceed your Credit Limit; a check is signed by a person without authorized
access; the amount of the check is less than the minimum required amount; your
Account has been terminated or suspended, or any checks have been reported lost
or stolen. You may stop payment on a loan check if you provide us with the exact
information describing the check. If you give us incorrect information, we will not be
responsible for failing to stop payment. You understand there may be a charge for
each stop payment order requested. Our liability for a wrongful dishonor is limited
to your actual charges, however, a dishonor for the reasons stated above is not a
wrongful dishonor. Only the person whose name is printed on a convenience check

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Visa Credit Card Terms and Agreement­ America First Credit Union

may sign it. All convenience checks must be written in U.S. dollars. We will not
certify a convenience check. You may write these checks for any amount providing
your total outstanding balance does not exceed your available credit limit and your
credit card account remains in good standing. We are entitled to return it unpaid if
there is not enough available credit on your account to pay it, if you are in default
under this Agreement, if your card or convenience checks have been reported lost
or stolen, or if the convenience check is post-dated. The Credit Union shall have no
liability for any convenience check(s) returned in excess of your credit line.

2. PROMISE TO PAY 

You promise to pay us all such amounts, plus any Interest Charges, which arise from use of
the Card or Account by you or any other person, and to be jointly and severally liable with
such a person, unless such other person does not have actual, implied, or apparent
authority for such use, and you received no bene(cid:214)t from the use. You promise to pay us
either by direct payment, or by automatic transfers from shares or payroll deduction.

3. CREDIT LIMIT 

This Agreement will constitute a revolving line of credit for an amount which will be the
credit limit under your Account. You may access your credit line through VISA Credit Card
purchases, and cash advances at participating merchants. We will advise you of the
amount of your credit limit on your statement. That amount will be the maximum amount
you may have outstanding at any one time. You agree not to attempt to obtain more credit
than the amount of your credit limit. However, if you temporarily exceed your credit limit,
you agree to repay the excess immediately, even if we have not yet billed you. Obtaining
such credit does not increase your credit limit. We retain the right to increase or decrease
your credit limit at any time for any reason. Any increase or reduction of your credit limit
will be shown on your monthly statement or by separate notice together with any changes
in the applicable minimum monthly payments. Your eligibility for this credit limit is
determined by our loan policy and may be terminated at our sole discretion, without
demand or notice. You may close your credit line at any time by notifying us in writing and
returning all Cards cut in half. If you terminate this Agreement or if we terminate or
suspend your credit privileges, the provisions of this Agreement and your liability
hereunder shall otherwise remain in full force and effect until you have paid us all sums
due us under this Agreement and returned all Cards.

4. MINIMUM MONTHLY PAYMENT 

Minimum Monthly Payment. We will mail you or deliver a statement every month if your
account has a balance. You agree that you will pay each month not less than the minimum
monthly payment on or before the scheduled monthly due date. The minimum monthly
payment will be 2.5% of your outstanding balance ("New Balance") or $25.00, whichever
is greater. If your outstanding balance is $25.00 or less, you agree to pay the balance in
full. You may pay in full for all your purchases and cash advances each month, or you may
repay in monthly installments. We can accept late payments or partial payments, or
checks, drafts, or money orders marked "payment in full" without prejudice to our rights

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Visa Credit Card Terms and Agreement­ America First Credit Union

under this Agreement, which are hereby explicitly reserved. A credit posting from a
merchant or reversal of fees do not constitute a minimum payment. The minimum
monthly payment may be allocated at the Credit Union's discretion to pay off lower rate
balances, such as promotional offers, before higher rate balances, such as cash advances
or purchases. Payments in excess of the minimum monthly payment will be allocated (cid:214)rst
to higher rate balances, as applicable. From time to time, we may allow you to skip your
minimum monthly payment due. If you choose to skip that payment, Interest Charges will
continue to accrue in accordance with this Agreement. Payments received at: America
First Credit Union, PO Box 9199, Ogden UT 84409 at or before 5:00 PM Mountain Time
on any business day will be credited to your Account as of that date. When your payment
due date falls on a day we do not receive mail payments, such as a holiday or weekend,
mail payments received the next business day will be credited as of the previous business
day. Payment crediting to your Account may be delayed up to (cid:214)ve days if your payment is
received by mail at any other address.

5. SECURITY INTEREST 

You grant the Credit Union a security interest under the Utah Uniform Commercial Code
in any goods purchased through your VISA Credit Card Account. You agree that all
collateral you have given the Credit Union to secure other consumer loan obligations
(except dwelling secured loans), in the past and in the future, will secure your obligations
under this Agreement. In addition, by signing or using any Card or PIN issued on this
account, you have given us a security interest in all your shares and deposits, present and
future, and all accounts (except Individual Retirement Accounts) with the Credit Union.
You agree, upon default, the Credit Union may apply all that is secured to pay any amounts
due under this Agreement, without further notice to you.

6. MONTHLY STATEMENTS 

Each month we will send you a statement showing purchases, cash advances, payments,
and credits made to your Account during the billing cycle, as well as your "Ending
Balance," any Interest Charge, and any late charge or other charges. Your statement also
will identify the "Total Amount Due" for that billing period and the date it is due. You agree
to retain for statement veri(cid:214)cation, copies of transaction slips resulting from each
purchase, each advance, and other transactions on your Account. Unless you notify us of a
billing error as described below, you accept your monthly statement as an accurate
statement of your Account with us.

7. CIRCUMSTANCES UNDER WHICH AN INTEREST CHARGE WILL BE IMPOSED 

The total outstanding balance of purchases and cash advances in the Account on the
closing date of a billing cycle, including any Interest Charge will be shown on the Periodic
Statement for that billing cycle as the "Ending Balance." 

a. Cash Advances. An Interest Charge will be imposed on cash advances remaining
unpaid after the (cid:214)rst day of the month following the billing cycle. There is a cash
advance fee of 1 1/2% of each cash advance transaction, including ATM
withdrawals, Web Access advances and convenience checks. This fee is identi(cid:214)ed on

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Visa Credit Card Terms and Agreement­ America First Credit Union

your monthly statement as "Cash Advance Transaction fee."

b. Purchases. An Interest Charge will be imposed on the portion of purchases included

in the New Balance that remains unpaid by your payment due date. This "grace
period" allows you to avoid a Interest Charge on purchases for a billing cycle.
However, if you do not pay the New Balance for purchases within the grace period,
your Interest Charge will accrue on any unpaid purchase transactions from the date
of purchase.

8. METHOD USED TO DETERMINE THE BALANCE ON WHICH THE INTEREST CHARGE

MAY BE COMPUTED AND AMOUNT OF Interest Charge 
The Credit Union (cid:214)gures the Periodic Interest Charge on your Account by applying the
Periodic Rate to the "Average Daily Balance" of purchases and previous unpaid cash
advances for your Account. To get the "Average Daily Balance" we take the beginning
purchase and cash advance balances of your Account each day, add any new purchases
and subtract any payments or credits, unpaid Interest Charges, and unpaid late charges.
This gives us the daily balance. Then we add up all the daily balances for the billing cycle
and divide by the number of days in the billing cycle. This gives us the Average Daily
balance for both purchases and cash advances. Cash advances made in the billing period
will not be assessed the daily Interest Charge until after the (cid:214)rst of the following month.
"A Interest Charge will be imposed on the portion of purchases included in the New
Balance that remains unpaid by your payment due date."

9. PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE 

The variable Periodic Rate and ANNUAL PERCENTAGE RATE applicable to your Card will
be set forth on the Rate & Fee Disclosure provided with your Card and will be governed by
the periodic Rate and ANNUAL PERCENTAGE RATE terms set forth below. 

a. Variable Rate Cards. The Interest Charge imposed during the billing cycle will be
determined by multiplying the Average Daily Balance by the Periodic Rate. If you
elected a variable rate Card, the Periodic Rate and Annual Percentage Rate are
variable based on an index plus a margin. The index is determined monthly by the
highest U.S. prime rate effective, as reported by the Wall Street Journal on the last
business day of each month. The Annual Percentage Rate may change on the (cid:214)rst
day of the following month and any increase or decrease may affect the number of
payments you will make. The Annual Percentage Rate and Periodic Rate applicable
to your account will be disclosed on the Rate and Fee Disclosure accompanying this
Agreement and shown on each monthly statement. The "Total Interest Charge"
shown on your monthly statement consists of the periodic Interest Charge on
purchases and the periodic Interest Charge on cash advances.

10. CONDITIONS UNDER WHICH OTHER CHARGES MAY BE IMPOSED. 

We may impose the following fees and charges on your Account: 

a. Late Charges. If we do not receive your minimum payment within 10 days of the due

date we will impose a Late Charge of up to $35.

b. Returned Item Charge. If any check or draft we receive from you as payment for any

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Visa Credit Card Terms and Agreement­ America First Credit Union

amount you owed to us is returned to us unpaid, we may impose a returned item fee
of $10.00.

c. Annual Card Fee. The annual fee for a VISA Classic or Platinum credit card will be

set forth on the Rate and Fee Disclosure accompanying this Agreement.
d. Miscellaneous Photocopying. If you request a copy of a sales draft or other

documents, we may charge your Account $5.00 per copy and $15.00 per hour.
These charges cover the costs of locating, copying, and delivering the documents to
you. If a request is related to a billing error and an error is found, we will reverse any
photocopying charges.

e. ATM Fees. If you use an ATM to obtain a cash advance and the ATM is not operated
by us, you will be charged a fee as disclosed on our rate and fee schedule. You may
also be charged an ATM surcharge by the ATM operator or an ATM network utilized
for such a transaction. The ATM surcharge may be charged to your account if you
complete the transaction.

f. Attorney's Fees and Costs. If you default on any part of this Agreement, you agree
to pay us all costs to collect your Account, including court costs and reasonable
attorney fees and collection agency costs whether or not there is a lawsuit, and fees
on any appeal and fees for bankruptcy proceedings, appeals, and any post judgment
collection services, if applicable.

11. CONDITIONS OF CARD USE 

The use of your Card and Account are subject to the following conditions: 

a. Ownership of Cards. Any Card or other credit instrument or device which we supply

to you is our property and must be returned to us, or to any person whom we
authorize to act as our agent, or to any person who is authorized to honor the Card,
immediately according to instructions. The Card may be repossessed at any time at
our sole discretion without demand or notice. You cannot transfer your Card or
Account to another person. You may not use the Card for any illegal or unlawful
transactions and we may decline to authorize any transaction that we believe poses
an undue risk of illegality or unlawfulness.

b. Honoring the Card. Neither we nor merchants authorized to honor the Card will be

responsible for the failure or refusal to honor the Card or any other credit
instrument or device we supply to you. If a merchant agrees to give you a refund or
adjustment, you agree to accept a credit to your Account in lieu of a cash refund.
c. Foreign Transactions. Purchases and cash advances made in foreign countries will

be billed to you in U.S. dollars. The currency conversion rate for international
transactions as established by VISA International, Inc. is a rate selected by VISA
from the range of rates available in wholesale currency markets for the applicable
central processing date. The transaction amount for foreign transactions will include
a foreign transaction fee of 1% of the transaction amount.

d. Notices and Payments. All notices will be sent to your address as shown in the

application. You agree to advise us promptly if you change your mailing address. All

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Visa Credit Card Terms and Agreement­ America First Credit Union

payments should be mailed to us at the remittance address shown on your monthly
statements. Payments received at that address will be credited to your Account as
of the date received.

e. Personal Identi(cid:214)cation Number. We will issue you a Personal Identi(cid:214)cation Number

("PIN") for use with your Card at automatic teller machines ("ATMs"). These
numbers are issued to you for your security purposes. These numbers are
con(cid:214)dential and should not be disclosed to third parties. You are responsible for
safekeeping your PIN. You agree not to disclose or otherwise make available your
PIN to anyone not authorized to sign on your Accounts. To keep your Account
secure, please do not write your PIN on your Card or keep it in the same place as
your Card.

12. DEFAULT 

You will be in default under this Agreement if any of the following occur: (a) Any monthly
payment("Total Amount Due") is not made when due; (b) You become insolvent, bankrupt,
or you die; (c) You violate any part of this Agreement, or any other agreement with us; or
(d) if we reasonably deem ourselves unsecure on your credit line. We will notify you in
writing of any such action as soon as practical if it occurs. Upon default, we may declare
the entire unpaid balance immediately due and payable, and you agree to pay that amount
plus any attorney's fees and costs including collection agency costs incurred by us. We can
delay enforcing any right under this Agreement without losing that right or any other
right. A negative credit report re(cid:215)ecting on your credit record may be submitted to a
credit reporting agency if you fail to ful(cid:214)ll the terms of this Agreement.

13. CREDIT INFORMATION/FINANCIAL STATEMENTS 

You authorize us to release information to others (e.g., credit bureaus, merchants, and
other (cid:214)nancial institutions) regarding the status and history of your credit line. You agree
to provide us, at any time we deem necessary, with a current (cid:214)nancial statement and
updated credit information upon request. We may investigate your credit directly or
through a credit reporting agency.

14. LOSS OR THEFT OF VISA CREDIT CARD 

You agree to notify us immediately of the loss, or the theft, or the use without your
permission, of any Card or other credit instrument or device which we supply to you.
Please notify us, orally or in writing, at the address or telephone number shown on the
Rate & Fee Disclosure accompanying the Agreement and on each billing statement of the
loss, theft, or possible unauthorized use of your Card. If you notify us of your lost or stolen
Credit Card after discovery, you may not be liable for any losses related to credit
transactions. This zero liability will apply provided you were not grossly negligent or
fraudulent in handling your Card.

15. YOUR CREDIT CARD BILLING RIGHTS

Keep this document for future use. This notice tells you about your rights and our
responsibilities under the Fair Credit Billing Act.

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Visa Credit Card Terms and Agreement­ America First Credit Union

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: America First Credit Union, P.O. Box 9199, Ogden, UT 84409. 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:

a. 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.

b. 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 in 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 (cid:214)nish 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

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Visa Credit Card Terms and Agreement­ America First Credit Union

name of anyone 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 (cid:214)rst $50 of the amount you question even if your bill is correct.

Your Rights If You Are Dissatis(cid:214)ed With Your Credit Card Purchases. If you are dissatis(cid:214)ed 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 dissatis(cid:214)ed with the purchase, contact
us in writing at the above address. While we investigate, the same rules apply to the
disputed amount as discussed above. After we (cid:214)nish 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.

16. AMENDMENTS 

We reserve the right to amend the terms of this Agreement at anytime as permitted by
and subject to any limitations and notice requirements of applicable law.

17. NOTICE AND AGREEMENT 

You understand and agree to the terms and conditions in this VISA Credit Card
Agreement and disclosures, including the accompanying Rate and Fee Disclosure. You
acknowledge that you have received a copy of the Agreement and Disclosures. This
Agreement is a (cid:214)nal expression of the agreement between you and the Credit Union. This
Agreement may not be contradicted by evidence of any oral agreement or alleged oral
agreement and contains the terms applicable to the credit transaction.

AFCU- 1/10

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