CONVENIENCE CHECKS:
YOUR BILLING RIGHTS:
Table 1 Finance Charge and Fee Disclosure
City
M-98822
Convenience checks may be used to access your credit line. If there
KEEP THIS NOTICE FOR FUTURE USE
Description
Interest Rates and Interest Charges
is insufficient credit available, the check will be returned to the
This notice contains important information about your rights
Secured Card
Credit Rebuilder Card
payee.
and our responsibilities under the Fair Credit Billing Act.
Annual Percentage Rate (APR) for Purchases,
16.9%
20.9%
LOST OR STOLEN CARD:
NOTIFY Us IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL
Balance Transfers, and Cash Advances
You may be liable for the unauthorized use of your credit card if
If you think your bill is wrong, or if you need more information
Rates shown above are effective from January 19, 2010 to July 18,
you fail to notify us in a timely manner or refuse to cooperate with
about a transaction on your bill, write to us on a separate sheet at the
2010.
a fraud investigation.
address listed on your statement. Write to us as soon as possible.
SECURED & REBUILDER
If your credit card is lost or stolen, or if you have reason to believe,
We must hear from you no later than 60 days after we sent you the
Margin rates
VISA CREDIT CARDS
another person may use your card without your permission, you
first statement on which the error or problem appeared. You can
13.65%
17.65%
must notify us immediately at (800) 654-7728. If a telephone is
telephone us, but doing so will not preserve your rights.
AGREEMENT / DISCLOSURE
not available, write to us at VISA Customer Service, P.O. Box
In your letter, give us the following information
APR is determined by adding the above margin rate to the Wall
31112, Tampa, FL 33631-3112. If there is unauthorized use of your
Your name and account number
Street Prime as published in the Wall Street Journal on June 30th of
Effective January 19, 2010
card, you agree to cooperate with us during the investigation and
The dollar amount of the suspected error.
each year.
prosecution of fraudulent use.
Describe the error and explain why you believe there is an error.
AGREEMENT:
Paying Interest
Your Payment due date is at least 25 days after the close of each
We may return a convenience check unpaid if your card or checks
If you need more information, describe the item in question.
This agreement contains the terms and conditions of your CCCU
have been reported lost or stolen.
If you have authorized us to pay your credit card payment
billing cycle. We will not charge you interest on purchases if you
Visa Secured or Rebuilder Credit Card and associated credit
automatically from your savings or checking account, you can
pay your entire balances by the due date each month. We will begin
card account. In this agreement the words "you", "your", and
CONSENSUAL SECURITY AGREEMENT:
stop the payment on any amount you think is wrong. To stop the
"cardholder", means the applicant and co-applicant (if any).
charging interest on cash advances and balance transfers on the
By using your CCCU Visa Secured or Rebuilder Credit Card or
payment, your letter must reach us three business days before the
"Primary Cardholder" refers to the first name on the account.
transaction date.
account number, you grant us a consensual security interest in all
automatic payment is scheduled to occur.
"Agent" refers to any person authorized by you to use your card.
individual and joint accounts you have with the Credit Union now
Minimum Interest Charge
If you are charged interest, the charge will be no less than $1.50
The words "we", "our" ""us", "issuer", "CCCU" or "Credit Union"
and in the future to secure credit card balances.
YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE
mean City County Credit Union of Fort Lauderdale. The term APR
For Credit Card Tips from the Federal Reserve
To learn more about factors to consider when applying for or
In the event payments are not made as agreed and this account
RECEIVE YOUR WRITTEN NOTICE
refers to Annual Percentage Rate.
Board
using a credit card, visit the website of the Federal Reserve Board
becomes more than 30 days past due, you hereby give authorization
for us to bring the account current by transferring funds from any
We must acknowledge your letter within 30 days, unless we have
athttp://www.federalreserve.gov/creditcard
ACCEPTANCE OF THIS AGREEMENT:
CCCU deposit account on which you are an owner.
corrected the error by then. Within 90 days, we must either correct
Fees
the error or explain why we believe the statement was correct.
You agree to the terms and conditions of this Agreement when you
Description
or an authorized agent uses the credit card account, or you do not
However, unless you expressly agree otherwise, your dwelling will
After we receive your letter, we cannot try to collect any amount
Annual Fee:
$50
$50
return the credit card (cut in half) to us within 30 days from the date
not secure your obligations under this Agreement even if we acquire
you question, or report you as delinquent. We can continue to bill
of issue.
Charged at 12-month
Charged at account opening and
a mortgage on the dwelling based on use of your card.
you for the amount you question, including Finance Charges, and
anniversary of account opening.
at 12-month anniversary of
Balances in an Individual Retirement Account and any other
we can apply any unpaid amount against your credit limit. You do
CARD USE:
account opening.
accounts, which are tax exempt under State or Federal Law are not
not have to pay any questioned amount while we are investigating,
subject to the security interest you have given in your authorization
but you are still obligated to pay the parts of your bill that are not
You can use your credit card and account for personal, family or
Transaction Fees:
in question.
household purposes only. You may not use your credit card for any
to apply shares.
None
If we find that we made a mistake on your statement, you will not
unlawful transaction or purposes not permitted by state or federal
Balance Transfer
OTHER:
have to pay any Finance Charges related to any questioned amount.
law, including on-line gambling.
Cash Advance
None
You understand and agree that the Credit Union may, at its option,
If we didn't make a mistake, you may have to pay Finance Charges,
CREDIT LIMIT LINE OF CREDIT:
Foreign Transaction
3% of each transaction in U.S. dollars
require an updated credit application at any time.
and you will have to make up any missed payments on the questioned
None
The Credit Union will not be responsible for merchandise or services
amount. In either case, we will send you a statement of the amount
You have been issued a credit card with specific credit limit or line
Purchase Transaction
of credit. You shall be notified of that credit limit when the card is
purchased by you with the card unless required by law.
you owe and the date due.
The Credit Union will not be responsible for the refusals of any
If you fail to pay the amount that we think you owe, we may report
issued and the credit limit will appear on your monthly credit card
Penalty Fees:
statement.
person to honor the card or if you are not able to use the card at an
you as delinquent. However, if our explanation does not satisfy you
Late Payment
$32
ATM machine.
and you write to us within ten days telling us that you still refuse to
You may request credit be extended with your credit card account
Returned Payment
$10
pay, we must tell you the name of anyone we reported you to We
by:
If any part of this Agreement shall be invalid or unenforceable, the
Service Fee:
remainder of the Agreement will remain in full force and effect.
must tell anyone we reported you to that the matter has been settled
Using the credit card to purchase goods and services.
The Credit Union may delay enforcing any of its rights under
between us when it finally is.
Requesting a cash advance or balance transfer ($100
Credit Card Overlimit Allowance
$19 per transaction that exceeds $20 over credit limit
minimum).
this Agreement any number of times without losing the ability to
SPECIAL RULES FOR CREDIT CARD PURCHASES
Using the card, with your PIN (Personal Identification
exercise its rights later.
If you have a problem with the quality of property or services that
Number) to make cash withdrawals at an ATM (Automated
The Credit Union can enforce this Agreement against your heirs or
legal representatives.
you purchased with a credit card, and you tried in good faith to
Teller Machine).
This Agreement shall be construed according to the laws of the State
correct the problem with the merchant, you may have the right not to
Using Convenience Check ($100 minimum).
of Florida. You agree that venue for any action brought pursuant to
pay the remaining amount due on the property or services. There are
We need not make any advance or extend credit if:
this Agreement shall be in Broward County, Florida.
two limitations on this right (a) you must have made the purchase in
You are in default of this Agreement or any other CCCU
your home state or, if not within your home state, within 100 miles of
account agreement.
your current mailing address, and (b) the purchase price must have
Your financial condition has adversely changed.
been more than $50. These limitations do not apply if we own or
The advance or extension of credit would exceed your credit
limit.
operate the merchant, or if we mailed you the advertisement for the
property or service.
If the situation warrants, we may increase or decrease your credit
limit.
CREDIT CARD OVERLIMIT ALLOWANCE:
Payments may also be made through CCCU Call-24 audio system,
If the New Balance indicated on your statement is paid in full by the
Take the amount owed under this Agreement from any deposit
ANNUAL FEE:
You may enroll in the Credit Card Overlimit Allowance service if
CCCU Web Site (InfoLink), and at any CCCU branch. Payments
Payment Due Date, no finance charge will be imposed during the
account in your name
The annual fee for VISA Secured is $50 and is charged on the
you want to permit authorizations to take your balance up to 110%
made by these choices will be posted with that day's effective date
current billing cycle for Cash Advances or Balance Transfers made
You understand that any remedy applicable under this agreement is
12-month anniversary of the opening month.
of your credit limit. Contact us for enrollment form.
if received by 4pm local time
during the previous billing cycles.
extended equally to co-applicant or Guarantor.
The annual fee for VISA Credit Rebuilder is $50 and is charged
If you have chosen not to have Credit Card Overlimit Allowance,
The Finance Charge, for a billing cycle, is computed by multiplying
If you are in default, you agree to pay all our costs, including
when the account is opened and on the 12-month anniversary.
authorizations presented that will take you over your credit limit
PRE-AUTHORIZED CARD PAYMENT SERVICE:
the Monthly Periodic Rate times the average daily Cash Advances
attorney's fees, which we incur in any collection efforts or litigation
will be declined.
You may pre-authorize CCCU to pay your credit card payment from
or Balance Transfers balance. The average daily outstanding balance
at the trial, bankruptcy or appellate level to enforce this Agreement
APPLICATION PROCESSING FEE:
your savings or checking account each month in the amounts you
is calculated by dividing the sum of the daily balances during the
and collect the amount owed.
Credit Rebuilder cardholders will incur a processing fee of $50 for
PROMISE TO PAY:
have elected from the following options:
billing cycle by the number of days in the cycle. The daily balance
the following actions:
You agree to pay us all amounts owed on your account under this
The Minimum Payment (3% of the balance on the last day of
is determined by adding new Cash Advances or Balance Transfers
SKIP PAYMENT OPTION:
Opening of the card account
Agreement. This includes charges for insurance (you elect), account
the billing cycle or $10, whichever is greater).
and subtracting payments or credits to the previous day's balance.
From time to time, the Credit Union, at its option and terms, may
Requesting a credit line increase.
fees, and finance charges as described in this Agreement.
The total outstanding unpaid balance
Unpaid finance charges are excluded in determining the daily
announce an optional feature, which will allow you to skip one or
Requesting a transfer to another credit card product.
By using or authorizing another agent to use your or credit
A fixed amount greater than the monthly Minimum Payment.
balance.
more payments. You understand that periodic finance charges will
card account, you agree to be responsible for all charges incurred
There are no transfer fees or charges for CCCU pre-authorized
continue to accrue on your unpaid balance at the applicable Monthly
LATE FEE:
and to be bound by the terms and conditions of this Agreement.
payment service.
PURCHASES:
Periodic Rate. At the end of the period, the payment terms of this
A late fee of $32 will be charged when a payment is not received
You, as Cardholder, will be liable and subsequently agree to pay
The finance charge on Purchases is calculated according to the
Agreement will be reinstated automatically without notice.
within two days after the Payment Due Date or the payment was less
CCCU for credit purchases and loan advances extended to you or
PAYMENT APPLICATION:
following method:
than the Minimum Payment amount due. The fee will be reflected
any agent using your Card unless both of the following apply:
Payment amounts received in excess of Minimum Payment shall be
A finance charge will be imposed on Purchases that you obtain
TERMS/CHANGE IN TERMS:
on your monthly periodic statement.
The person using your card did not have actual, implied, or
applied to card balances bearing the highest rate of interest and then
through the use of your Card, only if you elect not to pay the entire
You agree that we, at our sole discretion, may change all terms,
apparent authority from you for such use.
to each successive balance bearing the next highest rate of interest,
New Balance by the Payment Due Date shown on your monthly
including annual percentage rates (APRs), line of credit amount,
CREDIT CARD OVERLIMIT ALLOWANCE FEE:
You received no direct or indirect benefit.
until the payment amount is exhausted.
statement. The finance charge will be calculated on the unpaid
features and fees, any time in accordance with our agreement and
A fee of $19 will be charged, if you have opted to permit
If this is a joint credit card account, you are jointly and severally
balance of previous Purchases from the statement closing date and
applicable law. We may make changes based on information in your
authorizations to take your balance up to 110% of your credit limit
liable for all credit purchases, and loan advances obtained using
PERIODIC STATEMENT:
on Purchases made during the current billing cycle from the date of
credit report, market conditions, business strategies, or for any other
and authorizations have caused your account balance to exceed $20
your card by any authorized user. Consequently, each of you,
We will send you a monthly statement at least 21 days prior to your
posting to the account. The finance charge will continue to accrue
reason we may choose. We will provide advanced written notice of
over your credit limit. The Credit Card Overlimit Allowance Fee
together or individually, is responsible for all amounts owed. This
Payment Due Date (if your account is active) which will indicate
until the closing date of the billing cycle preceding the date on
a change in terms, as required by law. The address of record, at the
will be charged with each new extension of credit that is over your
applies even if only one of you uses the account.
your credit limit, statement closing date, previous statement balance,
which the entire New Balance is paid in full.
time of a change, will be used for such notice.
credit limit.
payments, purchases, cash advances, finance charges, new balance,
The Finance Charge, for billing cycle, is computed by multiplying
Any increase or decrease to an APR based on a change in terms, will
YOUR RIGHT TO CANCEL:
minimum monthly payment and payment due date. In addition, the
the Monthly Periodic Rate times the average daily Purchases
only apply to new cash advances (including ATM and convenience
FOREIGN CURRENCY TRANSACTIONS:
You may cancel your credit card account at any time. If you opt
periodic statement shall include a payment warning that specifies;
balance. The average daily outstanding balance is calculated by
check transactions), balance transfers, and purchases. Existing
Purchases and cash advances made in foreign currencies will
to cancel and have an outstanding balance on your card it will be
the number of months it would take to pay the balance making
dividing the sum of the daily balances during the billing cycle by
balance shall remain at the existing APR until paid in full.
be debited from your account in U.S. dollars. The exchange rate
frozen at the current APR until paid in full. Payments must be made
only the minimum balance payment, total interest and principal
the number of days in the cycle. The daily balance is determined
If we decide to make changes you will receive advance notice, as
between the transaction currency and the billing currency used for
as required or the account will be subject to late fees.
costs associated with paying the balance by making only minimum
by adding new Purchases and subtracting payments and credits to
required by law, and a right to opt out. If you choose to opt out,
processing international transactions is a rate selected by Visa from
You also have the right to cancel permission for an authorized user
payments, monthly payment amount to pay the balance in 36 months,
the previous day's balance. Unpaid finance charges are excluded in
we will close your card account. You will then pay the remaining
a range of rates available in wholesale currency markets for the
to continue to use your credit card, you must notify us in writing and
and a toll-free number to obtain information on credit counseling
determining the daily balance.
balance at the rate in effect when closed. Of course, this paragraph
applicable central processing date, which may vary from the rate
return any card(s) issued (cut in half) to or for the authorized user.
Statements will be deemed correct and accepted by Cardholder(s)
does not apply to changes required by law, our regulators, or our
Visa itself receives or the government-mandated rate in effect for
You will be liable for all purchases, cash advances, and account fees
unless CCCU is notified to the contrary in writing within 60 days
DEFAULT:
network providers.
the applicable central processing date. The exchange rate used on
created by an authorized agent, until we receive the required written
of statement date.
You will be in default on this Agreement if one or more of the
the processing date may differ from the rate that would have been
notification and card.
following occur:
REVOCATION:
used on the purchase date or cardholder statement posting date.
If this is joint account, either owner may request the account be
FINANCE CHARGE INTEREST APR:
You fail to make a Minimum Payment by the scheduled
You agree that your CCCU Visa Secured or Rebuilder Credit Card
closed. We will honor the request without liability to either joint
The Interest Rate used to calculate Finance Charge is a variable rate
Payment Due Date.
is the property of CCCU, not transferable, and must be surrendered
FOREIGN TRANSACTION FEE:
cardholder.
subject to change with the beginning of your August statement cycle
You fail to abide by the terms of this Agreement or any other
upon demand. We can repossess the card, and revoke all privileges
A fee of 3% of the amount of the transaction, calculated in U.S.
each year and is indexed to the Wall Street Prime as published in the
agreement you may have with CCCU.
at any time and without notice including, but not limited to, the
dollars, will be imposed on all foreign transactions, including
PAYMENTS:
Wall Street Journal for June 30th of each year. A margin rate shall be
Your financial or credit status has changed so that your credit
following conditions:
purchases, cash advances, and credits to your account. A foreign
On or before each Payment Due Date, you agree to make payment.
added to the Prime rate (see Table 1).
worthiness has been negatively impacted.
A negative impact to your creditworthiness
transaction is any transaction that you complete or a merchant
The Payment Due Date will be the same date each month. The
In addition, you will be considered in default of this Agreement if:
Your CCCU loan account/s is delinquent.
completes on your card outside of the U.S., Puerto Rico or the
minimum payment amount is 3% of your card account balance, (as
FINANCE CHARGE CALCULATION:
Cardholder dies
Your failure to maintain the minimum required balance on
U.S. Virgin Islands. The fee amount will appear on your statement
of the last day of the billing cycle) or $10, whichever is greater.
Cash Advances Balance Transfers:
You declare bankruptcy or insolvency.
your Credit Union Share Account.
directly below the transaction details.
The Credit Union does, however, reserve the right to charge for
The finance charge on cash advance, (including automated teller
You have an attachment or garnishment proceeding initiated
Your failure to satisfy or adhere to the terms and conditions of
dishonored payment due to insufficient or uncollected funds in
machine (ATM) and convenience check transactions), and balance
against you or your property.
this Agreement.
RETURNED PAYMENT FEE:
accordance with the CCCU Fee Schedule.
transfers are calculated according to the following method:
You make false or misleading statements in any credit
A Returned Payment Fee of $10 will be charged if the drawee
We can accept late payments, partial payments, payments that are
A finance charge will be charged on Cash Advances and Balance
DEFAULT REMEDIES:
application or update of credit information.
financial institution, for any reason, returns the item you used as a
marked"paymentinfull",orpaymentswithrestrictiveendorsements,
Transfers from the date of the transaction or from the first day of
If you are in default, CCCU may take one or more of the following
If something happens which the Credit Union believes may
credit card payment.
without losing any of our rights under this Agreement.
the billing cycle in which the transaction is posted to the account
actions:
reduce your ability to repay what you owe.
Payment for more than the minimum amount will be accepted as a
(whichever is later). If not paid in full during the same billing cycle
Cancel cards
single payment on your CCCU Visa Secured or Rebuilder Credit
as made, the finance charge will accrue on the unpaid balance until
Accelerate all amounts owed without notice on demand.
Card account for that month.
the billing cycle Closing Date prior to the date the entire New
Require past due payment(s) and fees to be paid immediately.
Payments should be mailed and addressed to VISA, P.O. Box
Balance is paid in full.
Take the past due payment(s) and fees from any deposit
96099, Charlotte, NC 28296-0099. Please allow sufficient mailing
account in your name.
time for payment posting.
Require you to immediately pay all amounts you owe under
this Agreement.