Share Pledge Agreement for   Visa
� Classic Secured Credit Card 
  Rev. 04/16/2018 
 
  Borrower Name:  __________________________________________________________________________________   Co-Borrower Name (if applicable):  ____________________________________________________________________   Member Number:  ____________________________ _________________________________________________ ____  Share Account Number in which Pledged Funds are currently on Deposit:  _____________________________________  Amount of Shares Pledged (must be equal to amount of secured credit being requested) : $________________________  
AGREEMENT  
 These funds will be transferred to a share account within your membership.  You will see the account reflected on your periodic statement.  This Share Pledge Agreement for Visa Classic Secured Credit Card (�Share Pledge Agreement�)  is provided together with the Arrowhead Credit Union Visa Credit Card Agreement and Disclosure (hereinafter, �Visa Credit Card Agreement�) the terms of which are incorporated herein by this reference.     
Pledge of Shares (Funds):  We (the borrower(s)), understand that in consideration for the Credit Union opening a Visa 
Classic Secured Credit Card account in my name and issuing an  Arrowhead Visa Credit Card to me, I am pledging, under the Uniform Commercial Code (UCC), shares now on deposit in the account I have identified above.  I understand and agree that I must, at all times, keep a sum equal to  my total credit limit in this account and that these funds will not be available to me until such time as I repay my account balance and my Visa Classic Secured Credit Card account is closed.  I understand and agree that this security interest will cover future purchases and advances under this Share Pledge Agreement.  If I default, Arrowhead Credit Union may apply these shares to repay my Account Balance in accordance with federal or other law. 
 I understand and agree that the annual percentage rate (APR) I received when I opened this Account :  1) applies only while the account is fully secured and that if for any reason I no longer have sufficient funds in the above- referenced account to secure the credit limit and you are unable to transfer funds from any of my other Arrowhead Credit Union accounts, my APR will be increased to the penalty APR set forth in the Account Opening Disclosure; and (2) applies only to the credit limit amount.  Further, I understand that this pledge of shares in  no way affects your ability to increase my APR if my account becomes past due as provided for in the Visa Credit Card Agreement.  Pledge of future shares for secured credit limit increases:  If, in the futu re, I request an increase to my credit limit, I understand and agree that you will automatically hold an amount equal to the amount of the increase I have requested, in addition to the amount already held, in the share account designated above.   I agree that if I do not have sufficient funds on deposit in the share account designated above, I am required to immediately deposit additional funds to cover an increase to the amount of credit provided to me on this Visa account.   Copy Received: I acknowledge receipt of the Arrowhead Credit Union Visa Credit Card Agreement and this Share Pledge Agreement as an integrated part of such Visa Classic Secured Credit Card Agreement, and agree to and accept its terms.   ____________________________________________________________________________________ _____________ BORROWER SIGNATURE       DATE   _________________________________________________________________________________ ________________ CO-BORROWER SIGNATURE        DATE