Secure Credit Card
Agreement and
Truth-in-Lending
Disclosure

MICHIGAN FIRST CREDIT UNION

SECURED CREDIT CARD AGREEMENT
AND TRUTH-IN-LENDING DISCLOSURE

THIS IS YOUR AGREEMENT WITH MICHIGAN FIRST 
CREDIT UNION (CREDIT UNION) REGARDING RIGHTS 
AND RESPONSIBILITIES ASSOCIATED WITH OBTAINING 
A SECURED VISA® CREDIT CARD. THE DISCLOSURE 
STATEMENTS THAT FOLLOW ARE REQUIRED BY FEDERAL 
REGULATIONS, INCLUDING THE TRUTH IN LENDING AND 
FAIR CREDIT BILLING ACTS. PLEASE READ THIS DISCLOSURE 
CAREFULLY TO BE FAMILIAR WITH YOUR RIGHTS AND 
RESPONSIBILITIES. IT IS IMPORTANT TO RETAIN THIS NOTICE 
FOR FUTURE REFERENCE AND TO NOTIFY US AT ONCE IF 
ANY PARTS ARE UNCLEAR.

1. WORDS OFTEN USED IN THIS AGREEMENT. The word 
“Agreement” means this Michigan First Credit Union Credit Card 
Agreement and Truth-in-Lending Disclosure and the document provided 
to you along with this agreement and disclosure containing Credit Card 
Account Opening Disclosures and information concerning How Your 
Annual Percentage Rate is Determined. In this Agreement, the words 
“you” and “your” mean or refer to each and all persons who have 
applied for the Card or Cards. “Card” means the Visa Credit Card or 
Cards, and any duplicates and renewals thereof, or substitutions thereof, 
we may issue to you. “Account” means your Visa Credit Card line of 
credit loan account with us. “We,” “us” and “ours” means or refers to 
Michigan First Credit Union and the document provided to you along 
with this agreement and disclosure containing Credit Card Account 
Opening Disclosures and information concerning How Your Annual 
Percentage Rate is Determined. 

2. THIS IS YOUR CONTRACT WITH US. Once this Agreement is 
sent to you, it becomes a binding contract. When you (i) signed a paper 
application for your Account, (ii) completed an on-line application for 
your account, (iii) applied for your Account by calling our Call Center, 
or (iv) applied for your account in person with one of our Financial 
Services Representatives, you acknowledged that you would receive 
a copy of this Agreement and promised to abide by the terms of this 
Agreement, including all applicable laws. This Agreement is a Truth-In-
Lending Disclosure Statement as well as a contract.

3. SIGN THE CARD. Your Card(s) have been imprinted as you have 

directed. Each Card must be signed (in the space provided on the back) 
by the person whose name is imprinted thereon. That signature must be 
in the same form as imprinted on the front of the Card. However, your 
liability under this Agreement does not depend on whether you sign 
your Card. 

4. USING THE CARD. By using this Card, you are agreeing to 
comply with the terms of this Agreement. To make a Purchase or Cash 
Advance, present the Card to a participating Visa plan merchant or 

required) which will be imprinted with your Card or generated after 

raft (when 

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your Card’s number has been magnetically read or otherwise provided. 
Please note that we are not responsible if a particular Visa plan merchant 

copy of any draft you sign or a corresponding transaction slip when 
using the Card. You should retain all such items to verify your monthly 
statement. We will upon request furnish you with a copy of a draft for 
a charge per copy; however, there will be no charge in cases involving 
error resolution. You may use your Card to make purchases and cash 
advances primarily for personal, family, or household purposes. In 
addition, you may obtain cash advances from the Credit Union or from 

Visa Cards. Whenever you request a transaction, you may be required to 
prove your identity. When the amount advanced appears on a subsequent
statement, that statement reference will be conclusive evidence of 
the request. To obtain an advance at an ATM you must use a Personal 

d.

5. ILLEGAL TRANSACTIONS. You agree that you will only use 
your Account for transactions that are legal where you reside. Display 
of a payment card logo by an on-line merchant does not mean that the 
transaction with that merchant is legal where you reside. You agree not 
to use your Card for any illegal transactions. We will not be liable if you 
engage in any illegal transactions.

6. PROMISE TO PAY. You promise to repay to us all debts and 
the FINANCE CHARGE(S) thereon arising from any authorized use 
of the Card. You agree not to let someone else use the card without 
our consent. If the application was signed by two persons, the Account 
is joint; that is, each of you, separately and jointly with each other, is 
liable for all debts on the Account and FINANCE CHARGE(S). Your 
obligation to pay all such debts and FINANCE CHARGE(S) continues 
even though an agreement, divorce decree or other court judgment 
to which we are not a party may direct that only one of you, or some 
person other than you (or both of you), must pay such debts and 
FINANCE CHARGE(S). 

7. CREDIT LINE. When we approved your application, we 

established a self-replenishing line of credit for you and noti
the amount thereof (“credit limit”) in the document your Card/s were 
attached to. That document is hereby incorporated herein as part of this 
Agreement. You agree not to let your Account Balance exceed such 
amount, and you agree to pay us the total amount over the credit limit 
upon our demand whether or not we authorized the advance(s) which 
caused you to exceed your credit line. Unless you are in default, each 
payment you make on the Account will replenish your credit limit by 
the part of that payment which is applied to principal. You may request 
an increase in the credit limit by a written application, which must be 
approved by us. We may increase or decrease the limit from time to 
time or may, with good cause, revoke your Card and terminate this 
Agreement; in either event, we will give you written notice of such 
action. “Good Cause” includes your failure to satisfy the terms of this 
Agreement or our adverse reevaluation of your creditworthiness; in 
either event, we will give you written notice of such action. In the event 
your Account is cancelled or revoked due to default, the balance at the 
time of default may be transferred in-house with the Credit Union 

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and, as a consequence thereof, be separately billed as an in-house 
arrangement or included within any other open-end credit plan you have 
with us, with collection to be at the same rate and under the same terms 
and conditions as provided for in this Agreement. You may terminate 
this Agreement, at any time and for any reason, by giving us written 
notice. Nevertheless, termination by you or by us does not affect your 
obligation to pay all debts and FINANCE CHARGE(S) thereon arising 
from authorized use of your Card. The Cards remain our property and 
you must recover and surrender to us all Cards upon our request or upon 
termination of this Agreement.

8. JOINT ACCOUNTS. If more than one person signed the 
application, each person who signed it promises to pay all amounts 
owed to us under this Agreement. Each of you authorizes the other(s) 
to make purchases, withdrawals or cash advances individually. Any one 
of you may cancel the Account. The cancellation will be effective to 
all of you. Each of you is jointly and severally obligated. This means 
that we may collect money owed to us from each of you or from 
all of you regardless of your current domestic relationship or other 
legal proceedings. In any event, all of you will continue to be jointly 
and severally obligated until all Cards are returned and the debt is 
extinguished.

9. AUTHORIZED USERS. You may allow Authorized Users on 

your Account by notifying us that you want someone added to the 
account as an Authorized User and obtaining our consent. Additionally, 
though not allowed, you will be deemed to have personally authorized 
another user in the following ways: (1) by lending your Card or Account 
Number to another (without our required consent); or (2) by any other 
means in which you would be legally considered to have allowed 
another to use your Account or be legally prevented from denying that 
you did so. You should think carefully before you allow someone to 
become an Authorized User (in any manner). By doing so, you authorize 
the person to use your Account to the same extent you can, including but 
not limited to making Purchases, Cash Advances, Balance Transfers and 
allowing others to use your Account. Your Account does not permit you 
to limit the nature or amount of authority you give to any Authorized 
User and you agree that you will not attempt to do so. An Authorized 
User’s authority will continue until you both notify us that you are 
terminating the authority and you physically retrieve the Card. If you 
cannot retrieve the Card, you will remain liable for any transactions we 
cannot prevent after you notify us.

10. PAYMENTS. We will send you a statement every month 
showing your Previous Balances of purchases and cash advances, the 
current transactions on your account, the remaining credit available 
under your Credit Line, the New Balances of purchases and cash 
advances, the Total New Balance, the FINANCE CHARGE(S) due to 
date, and the Minimum Payment required. Every month you promise 
to pay at least the Minimum Payment on or before the due date shown 
on your statement. You may, of course, pay more frequently, pay more 
than the Minimum Payment, or pay the Total New Balance in full, and 
you will reduce the FINANCE CHARGE(S) by doing so. The Minimum 
Payment will be either (a) 3% of your Total new Balance (rounded to the
nearest dollar), or $25.00, whichever is greater, or (b) your total New 

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Balance, if it is less than $25.00 plus (c) any portion of the Minimum 
Payment(s) shown on prior statement(s) which remains unpaid. In 
addition, at any time your total New Balance exceeds your credit limit, 
you must immediately pay the excess upon our demand. Any payment 
check or other form of payment that you send us for less than the full 
balance due that is marked “paid in full” or contains a similar notation, 
or that you otherwise tender in full satisfaction of a disputed amount, 
must be sent to the Credit Card Services Dispute Processing, P.O. Box 
10409 Des Moines, IA 50306. We reserve all our rights regarding these 
payments (e.g., if it is determined that there is no valid dispute or if any 
such check is received at any other address, we may accept the check 
and you will still owe any remaining balance). We may refuse to accept 
any such payment by returning it to you, not cashing it, or destroying 
it. All other payments that you make should be sent to the appropriate 
payment address.

The Credit Union at its sole discretion, may give you the option of 

skipping one or more monthly credit card payments during the calendar 
year. If you are eligible to skip a payment for any given month the 
minimum monthly payment shown on your periodic statement will be 
zero. If you do so, interest charges on outstanding balances will continue 
to accrue during those months, but late charges will not be applied. 
Here’s the best part - you don’t even need to apply.

11. PAYMENT ALLOCATION. We may select and change the 
method by which payments and credits are allocated to your account 
at our sole discretion; however, payments will be allocated to billed 
amounts before they are allocated to unbilled amounts (transactions 
incurred since your last statement) and payments amounts in excess 
of the required minimum monthly payment will be applied to higher 
rate balances before they are applied to lower rate balances. Payment 
for more than the minimum amount due will be accepted as a single 
payment for the month; the amount over the minimum is not applied 
toward future payments due.

12. FINANCE CHARGE(S). Your account is subject to a variable 

rate. Your ANNUAL PERCENTAGE RATE (APR) may increase or 
decrease if the Index used by the Credit Union increases or decreases. 

ime 

Rate” in the “Money Rates” section of The Wall Street Journal on the 
third business day preceding the end of the most recently concluded 
calendar quarter.  To determine the ANNUAL PERCENTAGE RATE 
that will apply to your account, a Margin is added to the value of the 
Index. Your Margin and the required disclosures of your ANNUAL 
PERCENTAGE RATE and corresponding monthly periodic rate are 
set forth in the “How Your Annual Percentage Rate is Determined” 
section of the separate document provided to you referred to in Section 
1. The ANNUAL PERCENTAGE RATE can change quarterly on the 

uary, 

April, July, and October. There is no limit on the amount by which the 
ANNUAL PERCENTAGE RATE can change except that the ANNUAL 
PERCENTAGE RATE will never be more than 25.00%.  In no event 
will the rate ever exceed the maximum rate permitted by law. Any 
change in the ANNUAL PERCENTAGE RATE affects your entire 

follows the change. The Credit Union reserves the right to substitute a 

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similar index if the index described above becomes unavailable. The 
FINANCE CHARGE(S) is calculated by applying the above periodic 
(monthly) rate to the Average Daily Balance (including new purchases). 
An “Average Daily Principal Balance” is calculated separately for 
purchases and cash advances and is determined as follows: For each 
day during the statement period (billing cycle) the principal balances 
of purchases and of cash advances from the previous day are increased 
by any purchases or cash advances posted to the Account that day and 
decreased by any payments or credits posted to the Account that day. 
Such daily principal balances are separately totaled and then divided by 
the number of days in the statement period (billing cycle), resulting in 
the “Average Daily Principal Balances” of purchases and cash advances 
shown on your statement. You can avoid FINANCE CHARGE(S) on 
purchases by paying the full amount of the New Balance of Purchases 
each month on or before the payment due date shown on your monthly 
statement.  Otherwise, the New Balance of Purchases, and subsequent 
purchases from the date they are posted to your account, will be subject 
to FINANCE CHARGE(S), except that if during the previous billing 
cycle you paid all amounts owing in full by the Payment Due Date, 
then in the current billing cycle you will have a free interest period 
on the amount of the New Balance of Purchases remaining from the 
previous billing cycle that is paid by the Payment Due Date based on 
our payment allocation method.

13. PERIODIC STATEMENTS. We will send you a statement every 

month showing your previous balance, purchases and cash advances, 
payments made on your account, periodic rate, annual percentage rate, 

interest period, payment due date, procedures for error resolution, 
Minimum Payment required, and the closing date with corresponding 
New Balance for the billing cycle. You may not receive a statement on 
your Account if there has been no activity or if collections procedures 
have been initiated against you because you are in default. Each 
statement is deemed to be a correct statement unless you establish a 
billing error pursuant to the Federal Truth in Lending Act as described in 
this Agreement.

14. DEFAULT. You will be in default and we may, to the extent 
permitted by law, terminate your credit line and declare the entire unpaid
balance of the account immediately due and payable, under any of the 
following conditions:

• you fail to make the minimum payment by the statement    
  payment due date;
• you breach any other promises made in or conditions of the  
  Agreement and/or any other agreement with us;
• you use your card for an illegal transaction;
• if you become involved in any insolvency, receivership,  
  guardianship, conservatorship, or any other proceeding which  

• you have made a false or misleading statement in your credit  
  application and/or in your representation to us while you owe  
  money on your account;

  or garnishment is issued against any of your property or 

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  including anyone starting an action or proposing to seize any of  
  your funds on deposit with us;
• we in good faith determine that your creditworthiness (which  
  includes your ability to repay us) has become unsatisfactory due  
  to change in employment, increase in your other obligations, or  
  because of any other reason, time being of the very essence;
• you die; or
• government action precludes us from imposing the annual   

  continued advances constitute an unsafe and unsound practice.

In the event of any default, we may, at our option, declare the entire 
balance on the Account to be immediately due and payable. If you are in 
default we may, instead of terminating your Account and declaring the 
entire unpaid balance due and payable, suspend your credit privileges 
but not declare what you then owe immediately due and payable. If we 
do the latter, we reserve the right to later terminate the Account and 
declare the entire unpaid balance due and payable at any time before you
cure the default by paying all past due amounts.

15. COLLECTION COSTS. You also agree that, in case of default, 

you will pay all usual and customary costs of collection permitted by 
law, including, but not limited to, attorney fees and expenses incurred by 
us in the enforcement of this agreement.

16. DELAY OR FAILURE TO ENFORCE. We do not lose our 
rights under this or any related agreement if we delay or fail to enforce 
them. We can accept late payments or partial payments without losing 
any of our rights under this Agreement.

17. NOTIFICATION OF ADDRESS CHANGE. You agree to notify 

us promptly if you change your name, street address, email address or 
telephone number.

18. ADDRESS FOR NOTICES TO US. All notices under this 
Agreement must be in writing and mailed to Michigan First Credit 
Union, 27000 Evergreen Road, Lathrup Village, Michigan 48076.

19. CHANGE IN TERMS. From time to time, we may amend this 
Agreement by mailing a written notice of the amendment to you at the 
last address shown for you in our records. In the event the terms we 
are changing require advance notice by law, we will comply with the 
requirements of that law. 

20. YOU MAY CANCEL THE ACCOUNT. You may cancel the 
account whenever you choose. If you do, you agree to cut each Card in 
half and return it to us at the address shown in Section 18 above, along 

received by us. You will still be responsible for the repayment of any 
outstanding balance on your Account and any other amounts that have 
not yet been billed to you.

21. WE MAY CANCEL THE ACCOUNT. We have the right to 
cancel the Account at any time upon written notice sent to you at the last 

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  unless you can provide us with the merchant’s cancellation  
  number.
• Recurring Transactions – If you authorize a merchant to charge  
  your Account for repeat transactions without your Card, you must  
  notify the merchant, and not us, when you want to discontinue the  
  repeat transactions.
• Dispute Access – If you disagree with a transaction on your  
  statement or have a dispute with a merchant as a result of a  
  transaction, you agree to provide us with information and    
  assistance we reasonably request. Otherwise, you will pay us  
  for any resulting loss we have, unless we are prohibited by law  
  from holding you liable for our loss.

27. CARD AGREEMENT. You understand that your Visa Credit 

Card is issued by us, remains our property, and is subject to rules 

Cards are not transferable. By using your Card, you are agreeing to the 
following additional terms: (1) To abide by the rules and regulations and 
those of the participating ATM network as may be amended; (2) That 
we and the ATM network may follow all electronic instructions given 
through the ATM; (3) that we may restrict the use of or terminate your 
Card at any time without notice to prevent loss to your account or to the 
Credit Union; (4) your Card may not be used for any illegal transaction.

28. DAILY LIMITS. You agree to adhere to any daily limits 

established by the Credit Union in conformance with the ATM network 

integrity of the ATM network and prevent loss to the Credit Union or 
its members. The current daily limit is $500.00, the credit union may 
change this limit in its discretion and without prior notice.

29. PERSONAL IDENTIFICATION NUMBER (PIN). Upon 
r 

won’t write the PIN on the Card or anything you keep with the Card. 
Your use of the PIN and Card in getting a Cash Advance or making a 
Purchase is agreed to constitute your signature for purposes of such 
transactions. You can also use your card together with your Personal 

Teller Machine (ATM) in the Visa Network, to get a Cash Advance from 

uses the Card in an electronic terminal that accesses the Visa system. 
IF YOU FORGET OR DO NOT ENTER YOUR PIN CORRECTLY, 
THE ATM MAY KEEP YOUR CARD THE THIRD TIME THE 
PIN IS ENTERED INCORRECTLY. THIS PROCEDURE IS FOR 
SECURITY MEASURES. KEEP YOUR PIN IN A SECRET PLACE. 
If you authorize us to issue a Card to anyone else for use through any 
electronic access device, you are authorizing that individual to withdraw 
funds from any account which can be accessed by that Card, regardless 
of whether that individual is authorized to withdraw money from the 
account by any other means.

30. FEES AND CHARGES. You agree to pay the various fees and 

charges related to this Agreement and included in the Fee Schedule that 
is accessible to members upon request. You agree to pay any related 

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charges that are imposed as a result of your use of the Visa Credit Card 
or an ATM. Current fees associated with the Visa Credit Card include:
• Annual Fee: You will be required to pay a nonrefundable annual  
  fee on your Account. You will pay only one annual fee, even  
  if more than one Card is issued for your Account. The fee will  
  be charged annually to your Account. This charge will appear  

on your periodic statement for the billing cycle when it 
  becomes effective.  
• Late Payment: If the required minimum payment due under this  
  Agreement is not received on or before the tenth day after   
  its due date, your account may be charged, and you agree to  
  pay, a LATE CHARGE of $25.00. No further late charges will  
  be imposed after this Agreement has become due and payable in  

full due to default as 
 in the section of the Agreement  
  entitled “Default.” The charge shall be treated as a purchase on  
  your monthly statement.
• Cash Advance Fee:  We will impose a fee on each cash advance  
  transaction of either $5 or 2% of the amount of each cash advance,  
  whichever is greater.
• Returned Checks: If a check or share draft used to make a   
  payment on your account is returned unpaid, your account   
  may be charged, and you agree to pay, a RETURNED CHECK  
  CHARGE of $25.00. The charge shall be treated as a purchase on  
  your monthly statement.
• Returned Electronic Funds Transfer Payments: If an electronic  
  funds transfer used to make a payment on your account is    
  returned unpaid, your account may be charged, and you agree  
  to pay, a RETURNED ELECTRONIC FUNDS TRANSFER  
  CHARGE of $25.00. The charge shall be treated as a purchase on  
  your monthly statement.
• Draft Copy: Your account may be charged, and you agree to  
  pay, $5.00 for each copy of a sales draft and $5.00 for each copy  
  of a statement that you request (except when such request is made  
  in connection with a billing error).
• Replacement Card: Your account may be charged, and you agree  
  to pay a fee of $10.00 for replacement of Card(s).
• ATM Fees: Your account may be charged, and you agree to  
  pay, any ATM fees, including surcharges or other fees imposed by  
a 

 institution or network for transactions at ATMs.

• International Transaction Fee: Your account may be charged,  
  and  you agree to pay, a 1% INTERNATIONAL TRANSACTION  
  FEE on all transactions where the merchant country differs from  
  the country of the card issuer (that is, for any transaction  
  outside of the United States). The converted transaction amount  
  will be shown separately from the International   
  Transaction Fee on your billing statement. This fee will be   
  assessed on all international purchases, credit vouchers, and cash  
  disbursements.

31. LIABILITY FOR FAILURE TO COMPLETE 

TRANSACTIONS. We will not be liable for transactions that are not 
completed if any of the following circumstances apply:

•

 Through no fault of ours, you do not have 
  available in your credit line;
• The transaction would cause you to exceed your credit limit;

 funds  

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•

• The ATM where you are requesting a cash advance does not have  
  enough cash;
• The terminal or system was not working properly and you knew  
  of the malfunction at the time you initiated the transactions;
 Circumstances beyond our control (such as 
  the transaction, despite reasonable precautions we have taken;
• Your Card is retained by the ATM;
• Your Card or PIN has been reported lost or stolen and your  
  account has been blocked or frozen;
• Your account is in default; 
• You or anyone authorized by you to conduct a transaction   
  commits fraud or violates any laws or regulations; or
• You fail to follow the instructions on the screen or terminal.

 prevent  

 or 

32. LIABILITY FOR UNAUTHORIZED USE. You may be liable 
for the unauthorized use of your credit card. You will not be liable for 
unauthorized use that occurs after you notify Michigan First Credit 
Union at the address or telephone number set forth below. You must 
notify us orally or in writing of the loss, theft, or possible unauthorized 
use. In any case, your liability will not exceed $50.00. Notify us at:

Card Services
Dispute Processing
P.O. Box 10409
Des Moines, IA 50306
866.570.1238

OR

Michigan First Credit Union
27000 Evergreen Road
Lathrup Village, Michigan 48076
800.664.3828

33.LIMITATIONS OF RESPONSIBILITY. We will not be 
responsible for merchandise or services purchased by you with the 
Card(s). We are not liable for the refusal or inability of merchants, 
 institutions and others to accept your card(s) or electronic 

terminals to honor them or complete a transaction, or for their retention 
of the Card(s).

34. SECURITY INTEREST. If you separately signed a document 

entitled SPECIFIC PLEDGE OF SHARES TO SECURE CREDIT 
CARD ACCOUNT, you grant us a security interest as set forth in that 
document to secure your Account. There is no other security for your 
Account.

35. BUSINESS DAY. Our business days are Monday through 

Friday. Saturdays, Sundays and federal holidays are excluded.

36. GOVERNING LAW. The Agreement and your Account and any 
claim, dispute, or controversy arising from or relating to this Agreement 
or your Account, whether based on contract, tort, fraud, and other 
intentional torts, statute, common law and/or equity, are governed by 
and construed in accordance with the laws of the State of 

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rules) and 

applicable federal laws. The legality, enforceability and interpretation 
of this Agreement and the amounts contracted for, charged and received 
under this Agreement will be governed by such laws. This Agreement 
is entered into between you and us in the State of Michigan, and we 
make credit decisions under this Agreement from the State of Michigan. 
You further consent to the jurisdiction and venue of the State or Federal 
Courts having jurisdiction over the City of Lathrup Village, Oakland 
County, Michigan.

37. ASSIGNMENT. We may sell, assign or transfer all or any 
portion of your Account, or any balance due under your Account, 
without prior notice to you. You may not sell, assign or transfer your 
Account or any obligations under this Agreement.

38. LOST/STOLEN CARDS. You agree to notify us immediately 
upon discovering that your Card has been lost or stolen by calling us at 
800.449.7728 or 800.664.3828 or visit MichiganFirst.com.

39. INFORMATION ABOUT YOU AND YOUR ACCOUNT. We 
liated 

third parties except as otherwise permitted or authorized by law. Please 
refer to our Privacy Policy Notice for a full explanation of how we 
protect your information. You may obtain a copy of our Privacy Policy 
Notice by calling us at 800.664.3828.

40. BENEFITS AND PROGRAMS. We may from time to time offer 

additional services to your Accounts or special programs related to you 
being a Cardholder, such as travel accident insurances, at no additional 
cost to you. You understand and agree that we are not obligated to offer 
such services or programs and may withdraw or change them at any 
time.

41. SEVERABILITY. If any provision of this Agreement is 

determined to be void or unenforceable under applicable law, regulation, 
or rule, all other provisions of this Agreement shall be valid and 
enforceable.

42. ENTIRE AGREEMENT/EFFECT OF AGREEMENT. This 
Agreement, together with any application you signed or otherwise 
submitted in connection with the Account and any mailer/document 
sent to you with your Card(s) (all of which are hereby incorporated 
by reference in this Agreement), constitutes the entire agreement 
between you and us relating to your Account, supercedes any other 
prior or contemporaneous agreement between you and us relating to 
your Account, and applies to every transaction relating to the Account 
even though a sales or cash advance draft you sign or a credit slip may 
contain different terms. This Agreement may not be amended except 
in accordance with the provisions of this Agreement. You further 
acknowledge receipt of a copy of this Agreement.

43. CREDIT UNION MEMBERSHIP. You understand and agree 
that the closing of your Credit Union Regular Share Account terminates 
your status as a member of the Credit Union, and upon such closing, you 
can no longer obtain credit with the Credit Union Visa Card. 

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The following is important information regarding your right to dispute 
billing errors.

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:
  Michigan First Credit Union
27000 Evergreen Road
Lathrup Village, MI  48076

In your letter, give us the following information:

• Account information: Your name and account number.
• Dollar amount: The dollar amount of the suspected error.
• Description of problem: If you think there is an error on your bill,  
  describe what you believe is wrong and why you believe it is a  
  mistake.

You must contact us:

• Within 60 days after the error appeared on your statement.
• At least 3 business days before an automated payment is  
  scheduled, if you want to stop payment on the amount you think is  
  wrong.

You must notify us of any potential errors in writing. You may call us, 
but if you do we are not required to investigate any potential errors and 
you may have to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1. Within 30 days of receiving your letter, we must tell you that we 
received your letter. We will also tell you if we have already corrected 
the error.

2.Within 90 days of receiving your letter, we must either correct the 

error or explain to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

• We cannot try to collect the amount in question, or report you as  
  delinquent on that amount.
• The charge in question may remain on your statement, and we  
  may continue to charge you interest on that amount.
• While you do not have to pay the amount in question, you are  
  responsible for the remainder of your balance.
• We can apply any unpaid amount against your credit limit.
 After we 
• If we made a mistake: You will not have to pay the amount 

 our investigation, one of two things will happen:

•

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  question or any interest or other fees related to that amount.
• If we do not believe there was a mistake: You will have to pay  
  the amount in question, along with applicable interest and fees.  
  We will send you a statement of the amount you owe and the date  
  payment is due. We may then report you as delinquent if you do  
  not pay the amount we think you owe.

If you receive our explanation but still believe your bill is wrong, you 
must write to us within 10 days telling us that you still refuse to pay. If 
you do so, we cannot report you as delinquent without also reporting 
that you are questioning your bill. We must tell you the name of 
anyone to whom we reported you as delinquent, and we must let those 
organizations know when the matter has been settled between us.

If we do not follow all of the rules above, you do not have to pay the 

t.

Purchases

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 dissatis
purchase, contact us in writing [or electronically] at:

                Michigan First Credit Union
                27000 Evergreen Road
                Lathrup Village, MI  48076

While we investigate, the same rules apply to the disputed amount as 

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.

24-hour Member Service Center: 800.664.3828
24-hour Loan Center: 866.933.6333

1/5/2015

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24-Hour Loan Center: 866.933.6333

MichiganFirst.com

Federally insured by the
National Credit Union Administration.

2196-VISA-005-SEC