Baton Rouge Telco Federal Credit Union VISA Cardholder Agreement

Important  -  Before  you  use  the  VISA  card  for  which  you  applied,  read
this Agreement  thoroughly  because  by  either  signing,  using  or  accepting
the  card,  you  will  be  agreeing  to  the  terms  of  this Agreement  which
govern  the  use  of  the  card.

In  this Agreement,  the  words  you  and  your  mean  each  and  all  of  those
who sign the VISA Card Application. Card means a VISA credit card and
any  duplicates  and  renewals  the  Credit  Union  issues.  Account  means
your  VISA  credit  card  Line  of  Credit  account  with  the  Credit  Union.
Credit  Union  means  the  Credit  Union  whose  name  appears  on  this
application,  agreement  or  credit  disclosure  statement.

Using  the Account  -  If  you  are  approved  for  a  VISA  account,  the  Credit
Union  will  establish  a  Line  of  Credit  for  you  and  notify  you  of  the
amount  when  the  card  is  issued  to  you.  In  addition,  the  credit  union  may
increase  your  limit  after  your  initial  limit  is  set. You  agree  not  to  let  your
account  balance  exceed  your  approved  credit  limit.  Each  payment  you
make  on  the  account  will  restore  your  credit  limit  by  the  amount  of  the
payment,  which  is  applied  to  the  principal. You  may  request  an  increase
in  your  credit  limit,  which  must  be  approved  by  the  Credit  Union.  The
Credit  Union  has  the  right  to  reduce  or  terminate  your  credit  limit  upon
written  notice  at  any  time,  for  good  cause,  revoke  your  card  and  termi-
nate  this  Agreement.  Good  cause  includes,  but  is  not  limited  to,  your
failure  to  comply  with  this Agreement,  or  adverse  reevaluation  of  your
creditworthiness.  You  may  also  terminate  this  Agreement  at  any  time,
but  any  termination  does  not      affect  your  obligation  to  pay  the  account
balance.  The  cards  remain  the  property  of  the  Credit  Union  and  must  be
surrendered  to  the  Credit  Union  upon  request  and  upon  termination  of
this  Agreement.

Overdraft  Protection  -  If  you  elect  overdraft  protection  for  your  share
draft  account  and  a  share  draft  results  in  your  account  being  overdrawn,
any such overdraft shall be deemed as a request by you for an advance on
this  VISA  Line  of  Credit.  These  advances  will  be  transferred  in  multiples
of  $100.00.

Using  the  Card  - You  may  use  the  card  issued  to  you  to  make  purchases
in  person,  by  mail  or  by  telephone  from  merchants  and  others  who
accept  VISA  cards.  In  addition,  you  may  obtain  cash  advances  from  the
Credit  Union,  from  other  financial  institutions  participating  in  the  VISA
program  and  from  automated  teller  machines  (ATMs)  such  as  VISA ATM
NETWORK,  that  provide  access  to  the  VISA  system.  (Not  all ATMs
provide  such  access.)  You  will  need  to  use  your  Personal  Identification
Number  (PIN)  to  obtain  a  Cash Advance  from  an  ATM.  The  monthly
statement  will  identify  the  merchant  electronic  terminal  or  financial
institution  at  which  transactions  were  made,  but  sales,  cash  advance,
credit  or  other  slips  cannot  be  returned  with  the  statement.  Retain  a  copy
of  such  slips  furnished  at  the  time  of  the  transaction  in  order  to  verify
your  monthly  statement.  The  Credit  Union  may  make  a  reasonable
request.
of 
charge 

photocopies 

you  may 

slips 

for 

Responsibility  -  If  we  issue  a  card,  you  agree  to  pay  all  charges  (pur-
chases and cash advances) to your account made by you, anyone who you
authorized  to  use  your  account,  or  your  immediate  family  (spouse  and
minor  children).  Your  obligation  to  pay  the  amount  owed  on  your  ac-
count  continues  until  paid  in  full  even  though  an  agreement,  divorce
decree,  or  other  court  judgment  to  which  the  Credit  Union  is  not  a  party
may  direct  someone  else  to  pay  the  account  balances.  If  more  than  one
person  signs  this  Agreement,  each  is  individually  responsible  for  all
amounts  owed  on  the  account  and  all  are  jointly  responsible  for  all
amounts  owed.  This  means  the  Credit  Union  can  enforce  this Agreement
against  any  of  you  individually  or  all  of  you  together.

Finance  Charge  -  You  can  avoid  Finance  Charges  on  purchases  by
paying  the  full  amount  of  the  New  Balance  each  month  within  23  days  of
your  statement  closing  date.  Otherwise,  the  New  Balance  of  purchases
and  subsequent  purchases  will  be  subject  to  Finance  Charge  from  the  date
they  are  posted  to  your  account.  Finance  Charges  (interest)  are  calcu-
lated at the periodic rates as follows: VISA Classic (secured) card:  .021644%
per  day  (ANNUAL  PERCENTAGE  RATE  of  7.9%), VISA  Classic  (unse-
cured)  card:  .029863%  per  day  (ANNUAL  PERCENTAGE  RATE  of
10.9%)  or  .044932%  per  day  (ANNUAL  PERCENTAGE  RATE  of

16.4%),  and  VISA  Gold  (unsecured)  card:    .018904%  per  day  (ANNUAL
PERCENTAGE  RATE  of  6.9%),  .020959  per  day  (ANNUAL  PER-
CENTAGE  RATE  of  7.65%),  or  .023014  per  day  (ANNUAL  PER-
CENTAGE  RATE  of  8.4%)  on  the  average  daily  principal  balances  of
purchases  and  cash  advances  in  the  account.  The  principal  balances  of
purchases  and  cash  advances  are  determined  each  day  during  the  state-
ment  period,  beginning  with  the  principal  portion  of  your  Previous  Bal-
ances,  reduced  by  any  payments  you  make  and  credits  the  Credit  Union
applies and increased by purchases and cash advances you make and debit
adjustments  the  Credit  Union  makes  during  the  statement  period.  The
daily  principal  balances  are  totaled,  and  divided  by  the  number  of  days  in
the  statement  period,  to  produce  separate  average  daily  principal  bal-
ances  for  purchases  and  cash  advances  to  which  the  periodic  rate  is
applied.  If  the  Due  Date  falls  on  a  non-business  day,  the  Credit  Union
must  receive  your  payment  during  our  office  hours  on  the  business  day
prior  to  the  Due  Date  for  the  Grace  Days  to  apply.

Credit  Information  -  You  authorize  the  Credit  Union  to  investigate
your  credit  standing  when  opening  or  reviewing  your  account.  You  au-
thorize  the  Credit  Union  to  disclose  information  regarding  your  account
to  credit  bureaus  and  creditors  who  inquire  about  your  credit  standing.

Monthly  Payment  -  Each  month  you  will  receive  a  statement  showing
your  Previous  Balances  of  purchases  and  cash  advances,  the  current
transactions  on  your  account,  the  remaining  credit  available  under  your
Credit  Limit,  the  new  balances  of  purchases  and  cash  advances,  the  total
new  balance,  the  Finance  Charge  due  to  date,  any  other  billed  fees,  and
the  minimum  payment  required.  Every  month  you  must  pay  at  least  the
minimum  payment.  You  may  pay  more  frequently,  pay  more  than  the
minimum  payment,  or  pay  the  total  New  Balance  in  full.  If  you  make
extra  payments  or  larger  payments,  you  are  required  to  make  at  least  the
minimum  payment  each  month  your  account  has  a  balance.  You  may
authorize  us  to  transfer  the  minimum  payment  automatically  from  your
share  or  share  draft  account  at  the  Credit  Union.  The  minimum  payment
will  either  be  (a.)  2%  of  your  Total  New  Balance,  or  $20.00,  whichever
is  greater,  or  (b.)  your  Total  New  Balance,  if  it  is  less  than  $20.00  plus
(c.)  any  portion  of  the  Minimum  Payment(s)  shown  on  prior  statement(s)
which  remain  unpaid.  In  addition,  at  any  time  your  Total  New  Balance
exceeds  your  Credit  Limit,  you  must  immediately  pay  the  amount  over
your  Credit  Limit.

Your  payments  will  first  be  applied  to  any  fees,  then  to  FINANCE
CHARGES  on  purchases  and  cash  advances;  then  to  the  Principal  Bal-
ance  of  purchases  and  then  to  the  Principal  Balance  of  cash  advances.

Security  Interest  -  You  pledge  to  the  Credit  Union  all  present  and
future  shares  and/or  deposits  in  any  account  in  which  you  have  an  inter-
est  at  the  Credit  Union  as  security  for  this  VISA  Line  of  Credit Account.
Collateral  securing  other  loans  with  the  credit  union,  now  or  in  the
future,  except  real  property  or  your  principal  residence,  will  also  secure
this  loan.  You  authorize  the  credit  union,  at  its  discretion,  to  apply  funds
on  deposit  to  any  past  due  payment.

Default  - You  will  be  in  default  if  you  fail  to  make  any  minimum  pay-
ment  or  other  required  payment  by  the  date  that  it  is  due.  You  will  be  in
default  if  you  break  any  promise  you  make  under  this Agreement,  or  if
you  are  in  default  on  any  other  loan  agreement  with  the  Credit  Union.
You will be in default if you die, file for Bankruptcy, or become insolvent,
that  is  unable  to  pay  your  obligations  when  they  become  due. You  will  be
in  default  if  you  make  any  false  or  misleading  statements  on  any  credit
application  or  credit  update.  You  will  also  be  in  default  if  something
happens  which  the  Credit  Union  believes  may  substantially  reduce  your
ability  to  repay  what  you  owe.

When  you  are  in  default,  the  Credit  Union  has  the  right  to  demand
immediate  payment  of  your  full  account  balance  without  notice.  If  im-
mediate  payment  is  demanded,  you  will  continue  to  pay  the  Finance
Charge,  at  the  periodic  rate  charged  before  the  default,  until  what  you
owe  has  been  paid. You  also  agree  to  pay  attorney  fees  in  the  amount  of
30%  of  the  unpaid  balance  if  referred  to  an  attorney  for  collection.  The
Credit  Union  can  also  exercise  any  other  rights  given  by  law  when  you
are  in  default.

Liability  for  Unauthorized  Use  -  Unless  you  have  been  grossly  negli-
gent or have engaged in fraud, you will not be liable for any unauthorized
transactions  using  your  lost  or  stolen  credit  card.  This  additional  limit  on
liability  does  not  apply  to  ATM  transactions,  or  to  transactions  using
your  Personal  Identification  Number,  which  are  not  processed  by  VISA.

No  Waiver  -  The  Credit  Union  can  delay  enforcing  any  of  its  rights  any
number  of  times  without  losing  them.

Returns  and Adjustments  -  Merchants  and  others  who  honor  the  card
may give credit for returns or adjustments, and they will do so by sending
us  a  credit  slip  which  will  post  to  your  account.  If  your  credits  and
payments  exceed  what  you  owe  the  Credit  Union,  the  amount  will  be
applied  against  future  purchases  and  cash  advances.  If  the  amount  is
$1.00  or  more,  it  will  be  refunded  upon  your  written  request  or  automati-
cally  after  six  months.

Plan  Merchant  Disputes  -  The  Credit  Union  is  not  responsible  for  the
refusal  of  any  merchant  or  financial  institution  to  honor  the  card.  The
Credit  Union  is  subject  to  claims  and  defenses  (other  than  tort  claims)
arising  out  of  goods  or  services  you  purchase  with  the  card;  (a.)  if  you
have  made  a  good  faith  attempt  and  have  been  unable  to  obtain  satisfac-
tion  from  the  merchant  or  service  provider,  and  (b.)  your  purchase  was
made  in  response  to  an  advertisement  the  Credit  Union  sent  or  partici-
pated  in  sending  you;  or  (c.)  your  purchase  cost  more  than  $50.00  and
was  made  in  our  state  or  within  100  miles  of  your  home.  Any  other
disputes  you  must  resolve  directly  with  the  plan  merchant.

Foreign  Transactions  -  Transactions  made  in  foreign  countries  will  be
billed  to  you  in  US  dollars.  Conversion  to  US  dollars  is  determined  by  a
rate  selected  by  VISA  from  the  range  of  rates  available  in  wholesale
currency  markets  for  the  applicable  central  processing  date,  which  rate
may  vary  from  the  rate  VISA  itself  receives  or  the  government-man-
dated  rate  in  effect  for  the  applicable  central  processing  date  plus  1
percent  currency  conversion  fee.

Illegal  Transactions  -  A  VISA  card  may  not  be  used  for  any  illegal
transaction,  including  online  gambling.

Other  Fees  and  Charges  - Your  account  will  be  subject  to  other  charges
including,  without  limitation,  a  late  fee  of  $20.00  (if  your  payment  is
over  10  days  late)  and  a  return  check  fee  of  $15.00,  when  applicable.  For
each cash advance there will be a fee of 2% with a minimum fee of $3.00
for  each  cash  advance.

Statement  of  Notices  - You  will  receive  a  statement  each  month  show-
ing  transactions  on  your  account.  Statements  and  notices  will  be  mailed
to  you  at  the  most  recent  address  you  have  given  the  Credit  Union.
Notice  sent  to  any  one  of  you  will  be  considered  notice  to  all.

Effect  of Agreement  -  This Agreement  is  the  contract,  which  applies  to
all  transactions  on  your  account  even  though  the  sales,  cash  advance,
credit  or  other  slips  you  sign  or  receive  may  contain  different  items.  The
Credit  Union  may  amend  this Agreement  from  time  to  time  by  sending
you  the  advance  written  notices  required  by  law.  Your  use  of  the  card
thereafter  will  indicate  your  agreement  to  the  amendments.  To  the  ex-
tent  the  law  permits,  and  we  indicate  in  our  notice,  amendments  will
apply  to  your  existing  account  balance  as  well  as  to  future  transactions.

Personal  Identification  Number  (PIN)  -  You  will  be  furnished  a  per-
sonal  identification  number  (PIN).  You  agree  to  keep  the  PIN  secret.
You  also  agree  you  will  not  write  the  PIN  on  the  VISA  card  or  anything
you  keep  with  the  VISA  card.  You  agree  that  your  use  of  the  PIN  and
VISA  card  in  getting  a  cash  advance  or  making  a  purchase  constitutes
your  signature  for  purposes  of  such  transaction.

Lost  Card  Notification  -  If  you  believe  your  credit  card  has  been  lost  or
stolen,  immediately  inform  the  Credit  Union  at  (225)  924-8900  or  1-
800-634-3044.  During  Credit  Union  nonworking  hours  call  1-800-682-
6075.  There  will  be  a  fee  of  $5.00  assessed  to  replace  each  card  lost,
stolen  or  damaged  on  this  account.

YOUR  BILLING  RIGHTS  -  KEEP  THIS  NOTICE  FOR  FUTURE  USE

This  notice  contains  important  information  about  your  rights  and  our
responsibilities  under  the  Fair  Credit  Billing Act.

Notify  Us  In  Case  of  Errors  or  Questions  About  Your  Bill
If  you  think  your  bill  is  wrong,  or  if  you  need  more  information  about  a
transaction  on  your  bill,  write  us  on  a  separate  sheet  at  the  address  listed
on  your  bill.  Write  to  us  as  soon  as  possible.  We  must  hear  from  you  no
later  than  60  days  after  we  sent  you  the  first  bill  on  which  the  error  or
problem  appeared. You  can  telephone  us,  but  doing  so  will  not  preserve
your  rights.

In  your  letter,  give  us  the  following  information:
♦
♦
♦
there  is  an  error.  If  you  need  more  information,  describe  the  item  you
are  not  sure  about.

Your  name  and  account  number.
The  dollar  amount  of  the  suspected  error.
Describe  the  error  and  explain,  if  you  can,  why  you  believe

If  you  have  authorized  us  to  pay  your  credit  card  bill  automatically  from
your  share  or  share  draft  account,  you  can  stop  the  payment  on  any
amount  you  think  is  wrong.  To  stop  the  payment  your  letter  must  reach
us  three  business  days  before  the  automatic  payment  is  scheduled  to
occur.

Your  Rights  and  Our  Responsibilities  After  We  Receive  Your
Written  Notice

We  must  acknowledge  your  letter  within  30  days,  unless  we  have  cor-
rected  the  error  by  then.  Within  90  days,  we  must  either  correct  the  error
or  explain  why  we  believe  the  bill  was  correct.

After  we  receive  your  letter,  we  cannot  try  to  collect  any  amount  you
question, or report you as delinquent until we respond to your inquiry. We
can  continue  to  bill  you  for  the  amount  you  question,  including  finance
charges,  and  we  can  apply  any  unpaid  amount  against  your  credit  limit.
You  do  not  have  to  pay  any  questioned  amount  while  we  are  investigat-
ing,  but  you  are  still  obligated  to  pay  the  parts  of  your  bill  that  are  not  in
question.

If  we  find  that  we  made  a  mistake  on  your  bill,  you  will  not  have  to  pay
any  finance  charges  related  to  any  questioned  amount.  If  we  didn’t  make
a  mistake,  you  may  have  to  pay  finance  charges,  and  you  will  have  to
make  up  any  missed  payments  on  the  questioned  amount.  In  either  case,
we  will  send  you  a  statement  of  the  amount  you  owe  and  the  date  that  it
is due.

If  you  fail  to  pay  the  amount  that  we  think  you  owe,  we  may  report  you
as  delinquent.  However,  if  our  explanation  does  not  satisfy  you  and  you
write  to  us  within  ten  days  telling  us  that  you  still  refuse  to  pay,  we  must
tell  anyone  we  report  you  to  that  you  have  a  question  about  your  bill,  and
we  must  tell  you  the  name  of  anyone  we  reported  you  to.  We  must  tell
anyone  we  report  you  to  that  the  matter  has  been  settled  between  us
when  it  finally  is.

We  cannot  collect  the  first  $50.00  of  the  questioned  amount  unless  we
follow  these  rules,  even  if  your  bill  was  correct.

Special  Rule  for  Credit  Card  Purchases

If  you  have  a  problem  with  the  quality  of  property  or  services  that  you
purchased  with  a  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  property  or  services.  There  are  two  limita-
tions  on  this  right:

4(a.)      You  must  have  made  the  purchase  in  your  home  state  or  if  not
within    your  home  state,  100  miles  of  your  current  mailing  address;
and
(b.)      The  purchase  price  must  have  been  more  than  $50.00.

These  limitations  do  not  apply  if  we  own  or  operate  the  merchant,  or  if
we  mailed  you  the  advertisement  for  the  property  or  services.

Revised  11/2010

              FS#820 & FS#B820