Credit CardAgreementand Truth-in-LendingDisclosure
Revised 06 /2021 SLIMF150Federally insured by theNational Credit Union Administration.24-Hour Loan Center: 866.933.6333MichiganFirst.com
Rewards.Visa.Truth in.Lending.12.2020.pdf   1 06/25/21   5:04 PM 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  
dissatisfied with the purchase, contact us in writing [or 
electronically] at:
Michigan First Credit Union27000 Evergreen RoadLathrup Village, MI  48076While we investigate, the same rules apply to thedisputed amount as discussed above. After we finish ourinvestigation, we will tell you our decision. At that point,if we think you owe an amount and you do not pay, wemay report you as delinquent.
13501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 13
Rewards.Visa.Truth in.Lending.12.2020.pdf   2 06/25/21   5:04 PM MICHIGAN FIRST CREDIT UNION
CREDIT CARD AGREEMENT AND TRUTH-IN-LENDING DISCLOSURE
THIS IS YOUR AGREEMENT WITH MICHIGANFIRST CREDIT UNION (CREDIT UNION) REGARDINGRIGHTS AND RESPONSIBILITIES ASSOCIATEDWITH OBTAINING A VISA
�CREDIT CARD. THEDISCLOSURE STATEMENTS THAT FOLLOWARE REQUIRED BY FEDERAL REGULATIONS,INCLUDING THE TRUTH IN LENDING AND FAIRCREDIT BILLING ACTS. PLEASE READ THISDISCLOSURE CAREFULLY TO BE FAMILIAR WITHYOUR RIGHTS AND RESPONSIBILITIES. IT ISIMPORTANT TO RETAIN THIS NOTICE FOR FUTUREREFERENCE AND TO NOTIFY US A T ONCE IF ANYPARTS ARE UNCLEAR.1. WORDS OFTEN USED IN THIS AGREEMENT.The word �Agreement� means this Michigan First CreditUnio
n Credit Card Agreement and Truth-in-LendingDisclosure and the document provided to you along withthis agreement and disclosure containing Credit CardAccount Opening Disclosures and information concerningHow Your Annual Percentage Rate is Determined. In thisAgreement, the words �you� 
and �your� mean or refer toeach and all persons who have applied for the Card orCards. �Card� means the Visa Credit Card or Cards, andany duplicates and renewals thereof, or substitutionsthereof, we may issue to you. �Account� means your VisaCredit Card line of credit loan account with us. �We,� �us�and �ours� means or refers to Michigan First Credit Unionand the d
ocument provided to you along with thisagreement and disclosure containing Credit Card AccountOpening Disclosures and information concerning HowYour Annual Percentage Rate is Determined. 2. THIS IS YOUR CONTRACT WITH US. Once thisAgreement 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 FinancialSales Representatives, you acknowledged that you wouldreceive a copy of this Agreement and promised to abide bythe terms of this Agreement, including all applicable laws.This Agreement is a Truth-In-Lending Disclosure Statementas well as a contract.3. SIGN THE CARD. Your Card(s) have been embossedas you ha
ve directed. Each Card must be signed (in the spaceprovided on the back) by the person whose name is embossedthereon. That signature must be in the same form as embossedon the front of the Card. However, your liability under thisAgreement does not depend on whether you sign your Card.4. USING THE CARD. By using this Card, you areagreeing to comply with the terms of this Agreement. 
To make a Purchase or Cash Advance, present the Card to aparticipating Visa plan merchant or financial institution andsign the sales draft or cash advance draft (when required)which will be imprinted with your Card or generated afteryour Card�s number has been magnetically read orotherwise provided. Please note that we are not responsible
1501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 1
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 finish 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 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 first $50 of the amount you question even 
if your bill is correct.
Your Rights If You Are Dissatisfied With Your 
Credit Card Purchases
If you are dissatisfied 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 .501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 12
12
Rewards.Visa.Truth in.Lending.12.2020.pdf   3 06/25/21   5:04 PM 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 
online 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 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 FINIANCE 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 debs and FINANCE CHARGE.
7. CREDIT LINE. When we approved your application,we established a self-replenishing line of credit for you andnotified you of the amount thereof (�credit limit�) in thedocument your Card/s were attached to. That document ishereby incorporated herein as part of this Agreement. Youagree not to let your Account Balance exceed such amount,and you agree to pay us the total amount over the credit limitupon our demand whether or not we authorized theadvance(s) which caused you to exceed your credit line.Unless you are in default, each payment you make on theAccount will replenish your credit limit by the part of thatpayment which is applied to principal. You may request anincrease in the credit limit by a written application, whichmust be approved by us. We may increase or decrease thelimit from time to time or may, with good cause, revokeyour Card and terminate this Agreement; in either event, wewill give you written notice of such action. �Good Cause�includes your failure to satisfy the terms of this Agreementor our adverse reevaluation of your creditworthiness; ineither event, we will give you written notice of such action.In the event your Account is cancelled or revoked due todefault, the balance at the time of default may be transferredin-house with the Credit Union and, as a consequence
2501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 2
if a particular Visa plan merchant or financial institutionrefuses to honor your Card. You can receive a copy of anydraft you sign or a corresponding transaction slip whenusing the Card. You should retain all such items to verifyyour monthly statement. We will upon request furnish youwith 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 cashadvances primarily for personal, family, or householdpurposes. In addition, you may obtain cash advances fromthe Credit Union or from other financial institutions thataccept Visa Cards or ATMs that accept Visa
Cards. Whenever you request a transaction, you may be requiredto prove your identity. When the amount advancedappears on a subsequent statement, that statementreference will be conclusive evidence of the request. Toobtain an advance at an ATM you must use a PersonalIdentification Number (PIN) that was issued for use withthe Card.5. ILL
EGAL TRANSACTIONS. You agree that youwill only use your Account for transactions that are legalwhere you reside. Display of a payment card logo by an on-line merchant does not mean that the transaction with thatmerchant is legal where you reside. You agree not to useyour Card for any illegal transactions. We will not be liableif you engage in any illegal transactions.6. PROMISE TO PAY . You promise to repay to us alldebts and the FINANCE CHARGE thereon arising fromany authorized use of the Card. You agree not to letsomeone
else use the card without our consent. If theapplication was signed by two persons, the Account isjoint; that is, each of you, separately and jointly with eachother, is liable for all debts on the Account and FINANCECHARGE(S). Your obligation to pay all such debts andFINA
NCE CHARGE(S) continues even though anagreement, divorce decree or other court judgment towhich we are not a party may direct that only one of you,or some person other than you (or both of you), must paysuch debts and FINANCE CHARGE.7. CREDIT LINE. When we approved your app
 lication, we established a self-replenishing line of credit for you andnotified you of the amount thereof (�credit limit�) in thedocument your Card/s were attached to. That document ishereby incorporated herein as part of this Agreement. Youagree not to let your Account Balance exceed such amount,and you agree to pay us the total amount over the credit limitupon our demand whether or not we authorized theadvance(s) which caused you to exceed your credit line.Unless you are in default, each payment you make on theAccount will replenish your credit limit by the part of thatpayment which is applied to principal. You may request anincrease in the credit limit by a written application, whichmust be approved by us. We may increase or decrease thelimit from time to time or may, with good cause, revokeyour Card and terminate this Agreement; in either event, wewill give you written notice of such action. �Good Cause�includes your failure to satisfy the terms of this Agreementor our adverse reevaluation of your creditworthiness; ineither event, we will give you written notice of such action.In the event your Account is cancelled or revoked due todefault, the balance at the time of default may be transferredin-house with the Credit Union and, as a consequence
2The following is important information regarding your 
right to dispute billing errors.
      Your BILLING Rights �
Keep This NOTICE For Future Use
This notice te lls you about your rights and our 
responsibilities under the 
Fair Credit Billing Act. What 
To Do If You Find A Mi stake On Y our Statement If you 
think there is an er ror on you r statement,  write to us at:
Michigan First Credit Union 
27000 Ever green Road 
Lathrup Village, MI  48076
1141. SEVE RABILITY . If any 
provision of this Agre ement 
is determ ined to be void or unenforc eable under applicable 
law, 
regulation, or rule, all
 other provisio ns of this 
Agre ement sh all be
 valid a nd enforc eable
.
42. ENTIR E AGREEMENT /EFFECT OF AGREEMENT.
This Agre ement,  together 
with any application you signed or 
otherwise su bmitted in connection wi th the Ac count and any 
mailer/ document se nt to you with your Card (a ll of wh ich are 
hereby incorp orated by refere nce in this Agre ement), 
const itutes the entire agreement between you and us re lating 
to your Ac count, supercedes any other pri or or 
contempora neous agreement between you and us re lating to 
your Account, and applies to every tra nsaction re lating to the 
Account even though a sa les or cash advance draft you sign 
or a cre dit slip may contain  differe nt terms. This Agre emen t 
may not be amended except in accord ance with the 
provisions of this Agre ement. You further acknowl edge 
receipt of a c opy of this Agre ement.
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.
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.if a particular Visa plan merchant or 
financial institution 
refuses to honor your Card. You can receive a 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. 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 
other financial institutions that accept Visa Cards or 
ATMs that accept 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 Identification Number (PIN) 
that was issued for use with the Card.
Rewards.Visa.Truth in.Lending.12.2020.pdf   4 06/25/21   5:04 PM thereof, be separately billed as an in house arrangement orincluded within any other open-end credit plan you havewith us, with collection to be at the same rate and under thesame terms and conditions as provided for in thisAgreement. You may terminate this Agreement, at any timeand for any reason, by giving us written notice.Nevertheless, termination by you or by us does not affectyour obligation to pay all debts and FINANCE CHARGEthereon arising from authorized use of your Card. The Cardsremain our property and you must recover and surrender tous all Cards upon our request or upon termination of thisAgreement.8. JOINT ACCOUNTS. If more than one person signedthe application, each person who signed it promises to payall amounts owed to us under this Agreement. Each of youauthorizes the other(s) to make purchases, withdrawals orcash advances individually. Any one of you may cancel theAccount. The cancellation will be effective to all of you.Each of you is jointly and severally obligated. This meansthat we may collect money owed to us from each of you orfrom all of you regardless of your current domesticrelationship or other legal proceedings. In any event, all ofyou will continue to be jointly and severally obligated untilall Cards are returned and the debt is extinguished.9. AUTHORIZED USERS. You may allow AuthorizedUsers on your Account by notifying us that you wantsomeone added to the account as an Authorized User andobtaining our consent. Additionally, though not allowed,you will be deemed to have personally authorized anotheruser in the following ways: (1) by lending your Card orAccount Number to another (without our requiredconsent); or (2) by any other means in which you would belegally considered to have allowed another to use yourAccount or be legally prevented from denying that you didso. You should think carefully before you allow someone tobecome an Authorized User (in any manner). By doing so,you authorize the person to use your Account to the sameextent you can, including but not limited to makingPurchases, Cash Advances, Balance Transfers and allowingothers to use your Account. Your Account does not permityou to limit the nature or amount of authority you give toany Authorized User and you agree that you will notattempt to do so. An Authorized User�s authority willcontinue until you both notify us that you are terminatingthe authority and you physically retrieve the Card. If youcannot retrieve the Card, you will remain liable for anytransactions we cannot prevent after you notify us.10. PAYMENTS. We will send you a statement everymonth showing your Previous Balances of purchases andcash advances, the current transactions on your account, theremaining credit available under your Credit Line, the NewBalances of purchases and cash advances, the Total NewBalance, the FINANCE CHARGE due to date, and theMinimum Payment required. Every month you promise topay at least the Minimum Payment on or before the due date
3501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 3
thereof, be separately billed as an in house arrangement orincluded within any other open-end credit plan you havewith us, with collection to be at the same rate and under thesame terms and conditions as provided for in thisAgreement. You may terminate this Agreement, at any timeand for any reason, by giving us written notice.Nevertheless, termination by you or by us does not affectyour obligation to pay all debts and FINANCE CHARGEthereon arising from authorized use of your Card. The Cardsremain our property and you must recover and surrender tous all Cards upon our request or upon termination of thisAgreement.8. JOINT ACCOUNTS. If more than one person signedthe application, each person who signed it promises to payall amounts owed to us under this Agreement. Each of youauthorizes the other(s) to make purchases, withdrawals orcash advances individually. Any one of you may cancel theAccount. The cancellation will be effective to all of you.Each of you is jointly and severally obligated. This meansthat we may collect money owed to us from each of you orfrom all of you regardless of your current domesticrelationship or other legal proceedings. In any event, all ofyou will continue to be jointly and severally obligated untilall Cards are returned and the debt is extinguished.9. AUTHORIZED USERS. You may allow AuthorizedUsers on your Account by notifying us that you wantsomeone added to the account as an Authorized User andobtaining our consent. Additionally, though not allowed,you will be deemed to have personally authorized anotheruser in the following ways: (1) by lending your Card orAccount Number to another (without our requiredconsent); or (2) by any other means in which you would belegally considered to have allowed another to use yourAccount or be legally prevented from denying that you didso. You should think carefully before you allow someone tobecome an Authorized User (in any manner). By doing so,you authorize the person to use your Account to the sameextent you can, including but not limited to makingPurchases, Cash Advances, Balance Transfers and allowingothers to use your Account. Your Account does not permityou to limi
t the nature or amount of authority you give toany Authorized User and you agree that you will notattempt to do so. An Authorized User�s authority willcontinue until you both notify us that you are terminatingthe authority and you physically retrieve the Card. If youcannot retrieve the Card, you will remain liable for anytransactions we cannot prevent after you notify us.10. PAYMENTS. We will send you a statement everymonth showing your Previous Balances of purchases andcash advances, the current transactions on your account, theremaining credit available under your Credit Line, the NewBalances of purchases and cash advances, the Total NewBalance, the FINANCE CHARGE due to date, and theMinimum Payment required. Every month you promise topay at least the Minimum Payment on or before the due dateshown on your statement. You may, of course, pay morefrequently, pay more than the Minimum Payment, or pay theTotal New Balance in full, and you will reduce theFINANCE CHARGE by doing so. The Minimum Payme n
t will be either (a) 3% of your Total new Balance (rounded tothe nearest dollar), or $25.00, whichever is greater, or (b)your total New Balance, if it is less than $25.00 plus (c) any
334.SECURITY INTEREST. If you separately signed
the portion of your application for this Account dealing  
with the creation of a security interest, you grant us a 
security interest in all present and future shares and 
deposits you have with us, whether you own them singly 
or own them jointly but have the right to withdraw from 
them without the consent of another person not obligated  
on the account to secure your Account. This grant does 
not apply to Individual Retirement Accounts and other 
accounts which provide tax benefits under state or federal  
laws. Upon default under this Agreement you agree that 
we may apply all of your shares and deposits subject to 
this security interest to pay amounts due on the Account 
under this Agreement. You also agree to grant us a 
security interest in collateral  (other than collateral 
consisting of (i) real estate that is your principal residence  
and (ii) household goods) securing other loans with us to 
secure your Account.
35.BUSINESS DA Y. Our business days are Monday
through Friday. Saturdays, Sundays and federal holidays 
are excluded.
36. GOVERNING  LAW. The Agr eement and  your
Account and any claim, dispute, or con troversy arising from 
or relating to this Agreement or your Account, whether 
based on contract, tort, fraud , and other inten tional tor ts, 
statute, common  law and /or equity, are governed by and 
construed in accordance  with the laws of the State of 
Michigan (with out regard  to its con flicts of laws 
principles  or rules) and app licable federal laws. The 
legality, enf orceability and interp retation of this 
Agreeme nt and the amou nts con tracted 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 866.820.2946 
or 800.664.3828.
39. INFORMATION ABOUT YOU 
AND YOUR
ACCOUNT. We will not disclose your non-public 
personal information to unaffiliated 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.
10
Rewards.Visa.Truth in.Lending.12.2020.pdf   5 06/25/21   5:04 PMshown on your statement. A late payment fee (as set 
forth in the fee schedule included with this Agreement) 
will be charged if the required minimum payment due 
under this Agreement is not received on or before the 
tenth day after its due date.  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 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 
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 Michigan First Credit 
Union, 27000 Evergreen Road, Lathrup Village, MI 
48076. 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. 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. The 
Index is the highest 
rate of interest identified as the �Prime 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 
first day of the billing cycles which 
begin in the months of January, 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.501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 4
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
sufficient  funds available in your credit line;
� The t
ransaction would cause y ou to exceed your
credit  limit;
�  The ATM where you are requesting a cash
advance  does not have enough cash;
�  The t
erminal 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 fire or 
flood)  prevent the tr ansaction, despite reasonab le
precautions  we have taken;
�Your Card is retained by the A TM;
�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.
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 37035
Boone, IA 50037
866.820.2946
Or
Michigan First Credit Union 
27000 Evergreen Road
Lathrup Village, Michigan 48076 
800.664.3828
33. LIMIT ATIONS OF RESPONSIBILITY . 
We will not be responsible for merchand ise 
or services purchased by you with the Card. We are 
not liable for the refusal or inability of merchants, 
financ ial institut ions and others to accept your card(s) or 
electronic terminals to honor them or complete a 
transactio n, or for their retent ion of the Card(s).
4
Rewards.Visa.Truth in.Lending.12.2020.pdf   6 06/25/21   5:04 PM9 Any change in the ANNUAL PERCENTAGE RATEaffects your entire balance and is effective at the beginningof the first billing cycle which follows the change. TheCredit Union reserves the right to substitute a similar indexif the index described above becomes unavailable.The FINANCE CHARGE is calculated by applying theabove periodic (monthly) rate to the Average DailyBalance (including new purchases). An �Average DailyPrincipal Balance� is calculated separately for purchasesand cash advances and is determined as follows: For eachday du
ring the statement period (billing cycle) theprincipal balances of purchases and of cash advancesfrom the previous day are increased by any purchases orcash advances posted to the Account that day anddecreased by any payments or credits posted to theAccount that day. Such daily principal balances areseparately totaled and then divided by the number of daysin the statement period (billing cycle), resulting in the�Average Daily Principal 
Balances� of purchases andcash advances shown on your statement.You can avoid FINANCE CHARGES on purchases bypaying the full amount of the New Balance of Purchaseseach month on or before the payment due date shown onyour monthly statement.  Otherwise, the New Balance ofPurchases, and subsequent purchases from the date theyare posted to your account, will be subject to FINANCECHARGE, except that if during 
the previous billing cycleyou paid all amounts owing in full by the Payment DueDate, then in the current billing cycle you will have a freeinterest period on the amount of the New Balance ofPurchases remaining from the previous billing cycle thatis paid by the Payment Due Date based on our paymentallocation method.13. PERIOD
IC STATEMENTS. We will send you astatement every month showing your previous balance,purchases and cash advances, payments made on youraccount, periodic rate, annual percentage rate, financecharge and its method of computation, any other charges,free interest period, payment due date, procedures for errorresolution, Minimum Payment required, and the closingdate with corresponding New Balance for the billing cycle.You may not receive a statement on your Account if therehas been no activity or if collections procedures have beeninitiated against you because you are in default. Eachstatement is deemed to be a correct statement unless youestablish a billing error pursuant to the Federal Truth inLending Act as described in this Agreement.14. DEFAULT. You will be in default and we may, tothe extent permitted by law, terminate 
your credit line and declare the entire unpaid balance of the accountimmediately due and payable, under any of the followingconditions:� you fail to make the minimum payment by thestatement payment due date;� you breach any other promises made in or conditionsof the Agreement and/or any other agreement with us;� you use your card for an illegal transaction;� if you becom
e involved in any insolvency, receivership,guardianship, conservatorship, or any other proceedingwhich determines you are incapable of managing yourfinancial affairs, including filing for Bankruptcy;� you have made a false or misleading statement in your
5501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 5
merchant�s cancellation number.� Recurring Transactions � If you authorize a merchantto charge your Account for repeat transactions withoutyour 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 onyour statement or have a dispute with a merchant as aresult of a transaction, you agree to provide us withinformation and assistance we reasonably request.Otherwise, you will pay us for any resulting loss wehave, unless we are prohibited by law from holdingyou liable for our loss.
27.C
ARD AGREEMEN T. Yo u understand  that your Visa 
Credit  Card  is issued  by us, remains  our property,  and is 
subject  to rules  governing ATM  networks,  which  financial 
institutions must follow. The 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 agreement and 
which are subject to 
modification to preserve the integrity of the ATM network 
and prevent loss to the Credit Union or its members.  
The current daily limit is $800.00, the credit union may 
change  this limit in its discretion and without prior notice.
29. PERSONAL  IDENTIFIC ATION  NUMBER  (PIN).
Upon request we will furnish 
you with a Personal 
Identification  Number  (PIN).  You agree  to keep the PIN 
confidential. You also agree you 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 Identification Number (PIN) to get a Cash Advance 
from an Automated  Teller  Machine  (ATM)  in the Visa 
Network,  to get a Cash  Advance  from a Visa financial 
institution, or to make a Purchase from a merchant that uses 
the Card in an electronic  terminal  that accesses  the Visa 
system. IF YOU FORGET OR DO NOT ENTER YOUR PIN 
CORRECT LY, THE ATM M AY KEEP YOUR CARD THE 
THIRD  TIME  THE  PIN IS ENTERED  INCORRECT LY. 
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.
8501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 8
30. FEES AND CHARGES.  You agree
to 
pay   the various fees and charges with respect to 
your Account as set forth in the fee schedule included 
with this Agreement or as otherwise provided to you. 
You agree to pay any related charges that are imposed 
as a result of your use of the Visa Credit Card or an ATM. 
Rewards.Visa.Truth in.Lending.12.2020.pdf   7 06/25/21   5:04 PM credit application and/or in your representation to uswhile you owe money on your account;� a judgment or tax lien is filed against you or anyattachment or garnishment is issued against any ofyour property or accounts, including anyone startingan action or proposing to seize any of your funds ondeposit with us;� we in good faith determine that your creditworthiness(which includes your ability to repay us) has becomeunsatisfactory due to change in employment, increasein your other obligations, or 
because of any otherreason, time being of the very essence;� you die; or� government action precludes us from imposing theannual percentage rate or a government authority hasnotified us that continued advances constitute anunsafe and unsound practice.In the event of any default, we may, at our option,declare the entire balance on the Account to beimmediately due and payable. If you are in default wemay, instead of terminating your Account and declaringthe entire unpaid balance due and payable, suspend yourcredit privileges but not declare what you then oweimmediately due and payable. If we do the latter, wereserve the right to later terminate the Account and declarethe entire unpaid balance due and payable at any timebefore you cure the default by paying all past due amounts.15. COLLECTION COSTS. You also agree that, incase of default, 
you will pay all usual and customary costsof collection permitted by law, including, but not limitedto, attorney fees and expenses incurred by us in theenforcement of this agreement.16. DELAY OR FAILURE TO ENFORCE. We do notlose our rights under this or any related agreement if wedelay or fail to enforce them. We can accept late 
payments or partial payments without losing any of our rights underthis Agreement.17. NOTIFICATION OF ADDRESS CHANGE. Youagree to notify us promptly if you change your name,street address, email address or telephone number.18. ADDRESS FOR NOTICES TO US. All noticesunder this Agreement must be in writing and mailed toMichigan 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 theamendment to you at the last address shown for you in ourrecords. In the event the terms we are changing requireadvance notice by law, we will comply with therequirements of that law. 20. YOU MAY CANCEL THE ACCOUNT. You maycancel the account whenever you choose. If you do, youagree to cut each Card in half and return it to 
 us at the address shown in Section 18 above, along with yourwritten notification that you wish to cancel the Account.Such cancellation will become effective within five daysafter the notice is received by us. You will still beresponsible for the repayment of any outstanding balanceon your Account and any other amounts that have not yetbeen billed to you.21. WE MAY CANCEL THE 
ACCOUNT. We havethe right to cancel the Account at any time upon written
6501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 6
notice sent 
to you at the last address shown for you in our 
records. You agree to discontinue the use of the Cards, and 
to return the Cards to us, at our request. 
22. CREDIT REPORTING AGENCIES. You authorize us
to investigate your credit standing when opening, renewing or 
reviewing  your Account,  and you authorize  us to disclose 
information  regarding  our experience  with you under  this 
Agreement  to consumer  reporting  agencies,  bureaus  and 
other  creditors.  If you request  it, we will provide  the name 
and address of each consumer reporting agency used for this 
purpose.  If you believe  we have  reported  inaccurate 
information about you to a consumer reporting agency, please 
notify  us at Michigan  First Credit  Union,  27000  Evergreen  
Road, Lathrup Village, Michigan 48076. In doing so, please 
identify  the inaccurate  information  and tell us why you 
believe it is incorrect. If you have a copy of the credit report 
that contains the alleged inaccurate information, please send 
us a copy of that report as well. You are hereby notified that 
negative  information  will be provided  to appropriate 
consumer reporting agencies if you fail to perform your 
obligations under this agreement.
23. TRANSACTION SLIPS. Your periodic statement  
will identify the merchant, electronic terminal location, or 
financial institution at which transactions were made. You 
must retain the copy of such slips furnished at the time of 
each transaction in order to verify the transactions listed 
on your statement  as transaction slips cannot be provided 
by Michigan First Credit Union.
24. CREDITS. If merchants who honor your Card give
you a credit for returns or adjustments, they will do so by  
processing a credit which we will post to your Account. 
You should  keep your copy of the credit slip to verify 
your monthly statement. If your credits and payments 
exceed  what you owe us on the Account we will credit 
such excess to the Account and, if the amount is $1.00 or 
more, we will credit it to your share account after two (2) 
months or upon your written request.
25. FOREIGN TRANSACTIONS. Purchases and
cash advances made in foreign countries and foreign 
currencies  will be billed to you in U.S. dollars. The 
exchange rate for transactions in a foreign currency will be 
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 mandated rate in 
effect for the applicable 
central  processing date. In 
addition, as provided in Section 30, we  will separately bill 
you a 1% International Transaction Fee.
26. TRANSACTIONS WITH MERCHANTS.� Return Policies � If a merchant discloses a policysuch as but not limited to �no returns,� �no refunds,��as is,� or �all sales final� you will be bound by thatpolicy when you use your Account to buy goods orservices from that merchant.� Reservations � When using your Account to make atravel or lodging reservation, obtain the merchant�scancellation policy and follow it if you wish tocancel. If you cancel, obtain the merchant�scancellation number that is required to be providedto you. The merchant may charge you for a cancelledtransaction unless you can provide us with the
7501578_5B MIFCU1 12_24.QXD_Layout 1  12/28/11  1:38 PM  Page 7
Rewards.Visa.Truth in.Lending.12.2020.pdf   8 06/25/21   5:04 PM