Interest Rates and Interest Charges

Annual Percentage Rate (APR) 
for Purchases

9.90%, 14.90%, 15.90%, 17.90%
Based on your creditworthiness

APR for Balance Transfers

APR for Cash Advances

9.90%, 14.90%, 15.90%, 17.90%
Based on your creditworthiness

9.90%, 14.90%, 15.90%, 17.90%
Based on your creditworthiness

Penalty APR and When it Applies

17.90%

This APR will be applied to your account if you:

1) Make a late payment;
2) Go over your credit limit twice in a six-month period;
3) Make a payment that is returned; or
4) Do any of the above on another account that you have with us.

How Long Will the Penalty APR Apply?: If your APRs are increased for any
of these reasons, the Penalty APR will apply until you make six consecutive
minimum payments when due and do not exceed your credit limit during that
time period.

Your due date is at least 25 days after the close of each billing cycle. We will
not charge you interest on purchases if you pay your entire balance by the due
date each month. We will begin charging interest on cash advances and bal-
ance transfers on the transaction date.

Paying Interest

Minimum Interest Charge

None

For Credit Card Tips from the 
Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card,
visit the website of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard.

Fees

Annual Fee

Transaction Fees

• Balance Transfer
• Cash Advance
• Foreign Transaction

Penalty Fees

• Late Payment
• Over-the-Credit Limit
• Returned Payment

None

None
None
None

Up to $20
None
Up to $20

The information provided in these disclosures was accurate as of No-
vember 2010, the date of printing, and is subject to change. To obtain
information regarding any changes, you may contact the credit union at
(810) 715-3542 or write to us at 2303 S. Center Rd., Burton, MI 48519.

How we Calculate Your Balance: We use a method called “average daily balance (including new purchases).” See
your Credit Card Agreement and Disclosures for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your
Credit Card Agreement and Disclosures.

©2010 CU Solutions Group. All Rights Reserved  00020303-1831

CREDIT CARD
AGREEMENT AND
DISCLOSURES

In this Agreement the words “you” and “your” mean each and all of
those who agree to be bound by this Agreement; “Card” means a Visa®
credit card and any duplicates, renewals, or substitutions the Credit
Union issues to you; “Account” means your Visa credit card line of credit
account with the Credit Union, and “Credit Union” means the Credit
Union whose name appears on this Agreement or anyone to whom the
Credit Union transfers this Agreement.
1. Using Your Account. If you are approved for an Account, the Credit
Union will establish a line of credit for you and notify you of your credit
limit. You agree that your credit limit is the maximum amount (purchases,
cash advances, finance charges, plus “other charges”) that you will have
outstanding on your Account at any time. Each payment you make to
your Account will restore your credit limit by the amount of the payment,
unless you are over your credit limit. If you are over your credit limit and
you have consented to the Credit Union’s over-the-limit coverage, you
must pay the amount you are over before payments will begin to restore
your credit limit. You may request an increase in your credit limit only by
a method acceptable to the Credit Union. The Credit Union has the right
to reduce your credit limit, refuse to make an advance and/or terminate
your Account at any time for any reason not prohibited by law.
2. Using the Visa Card. You may use your Card to make purchases
from merchants and others who accept Visa cards. In addition, you may
obtain cash advances from the Credit Union and from other financial
institutions that accept Visa cards, and from some automated teller
machines (ATMs), such as the Visa ATM Network, that accept Visa
cards. (Not all ATMs accept Visa cards.) To obtain cash advances from
an ATM, you must use the Personal Identification Number (PIN) that is
issued to you for use with your card. You agree not to make or permit to
be made any illegal transactions on your Account through the use of a

Card, a check or in any other manner. We may deny authorization for
any  Internet  gambling  transactions.If  you  wish  to  pay  for  goods  or
services over the Internet, you may be required to provide card number
security  information  before  you  will  be  permitted  to  complete  the
transaction.
3. Responsibility. You agree to pay all charges (purchases and cash
advances) to your Account that are made by you or anyone whom you
authorize to use your Account. You agree not to authorize anyone to
use your Account without the prior written consent of the Credit Union.
You also agree to pay all finance charges and other charges added to
your Account under the terms of this Agreement or another agreement
you made with the Credit Union. If this is a joint Account, Section 18
also applies to your Account.
4.  Default. You  will  be  in  default  if  you  fail  to  make  any  minimum
payment 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.
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 in any credit
application or credit update. You will also be in default if the Credit Union
in  good  faith  reasonably  believes  that  the  prospect  of  payment  or
performance of your obligations under this agreement is impaired.
When  you  are  in  default,  the  Credit  Union  has  the  right  to  demand
immediate  payment  of  your  full  Account  balance  without  giving  you
notice.  If  immediate  payment  is  demanded,  you  agree  to  continue
paying finance charge, at the periodic rate charged before default, until
what  you  owe  has  been  paid,  and  any  shares  that  were  given  as
security for your Account may be applied towards what you owe.
5. Liability for Unauthorized Use-Lost/Stolen Card Notification. You
may be liable for the unauthorized use of your Card. You will not be liable
for unauthorized use that occurs after you notify the Credit Union, orally
or in writing, of the loss, theft, or possible unauthorized use. In any case,
your liability will not exceed $50. You can notify the Credit Union by
calling (800) 828-3901, or writing to P.O. Box 8054, Plymouth, Michigan
48170-8054.
6. Security Interest. If you give the Credit Union a specific pledge of
shares by signing a separate pledge of shares, your Account will be
secured  by  your  pledged  shares. There  is  no  other  security  for  this
Account,  notwithstanding  anything  to  the  contrary  in  any  other
agreement. You may not withdraw amounts that have been specifically
pledged to secure your account until the Credit Union agrees to release
all or part of the pledged amount.
7. Finance Charges. A Finance Charge will be imposed on Credit
Purchases only if you elect not to pay the entire New Balance shown
on your monthly statement for the previous billing cycle within 25 days
from the closing date of that statement. If you elect not to pay the entire
New Balance shown on your previous monthly statement within that 25-
day period, a Finance Charge will be imposed on the unpaid average
daily balance of such Credit Purchases from the previous statement
closing date and on new Credit Purchases from the date of posting to
your account during the current billing cycle, and will continue to accrue
until the closing date of the billing cycle preceding the date on which
the entire New Balance is paid in full or until the date of payment if more
than 25 days from the closing date.
The Finance Charge for a billing cycle is computed by applying the
monthly Periodic Rate of .825%, 1.241%, 1.325%, or 1.491% which is
an  ANNUAL  PERCENTAGE  RATE of  9.90%,  14.90%,  15.90%,  or
17.90% to  the  average  daily  balance  of  Credit  Purchases,  which  is
determined by dividing the sum of the daily balances during the billing
cycle by the number of days in the cycle. Each daily balance of Credit
Purchases is determined by adding to the outstanding unpaid balance
of Credit Purchases at the beginning of the billing cycle any new Credit
Purchases posted to your account, and subtracting any payments as
received  and  credits  as  posted  to  your  account,  but  excluding  any
unpaid Finance Charges.
A Finance Charge will be imposed on Cash Advances from the date
of the Cash Advance or from the first day of the billing cycle in which
the Cash Advance is posted to your account, whichever is later, and will
otherwise be calculated in the same manner as explained above for
Credit Purchases.
When you are sixty (60) or more days past due in making the minimum
amount due on your account by the payment due date we will apply the
delinquent ANNUAL PERCENTAGE RATE of  17.90% to the existing
balance of your account.  If you bring your account current and then

pay at least the minimum amount due by the payment due date for six
(6)  consecutive  billing  cycles  you  may  contact  the  Credit  Union  to
request your ANNUAL PERCENTAGE RATE be reduced.
8.  Payments. Each month you must pay at least the minimum payment
shown on your statement by the date specified on the statement or no
later than 25 days from the statement closing date, whichever is later.
If your statement says the payment is “Now Due,” your payment is due
no later than 25 days from the statement closing date.  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 still required to make at least the minimum payment each month
your Account has a balance (other than a credit balance).  The minimum
payment is 3% of your Total New Balance, but not less than $10.00,
plus  the  amount  of  any  prior  minimum  payments  that  you  have  not
made, and any amounts you are over your credit limit. We may reject
payments  not  drawn  in  U.S.  dollars  or  those  drawn  on  a  financial
institution located outside of the U.S.
9.  Payment Allocation. Subject to applicable law, any payments over
the required minimum payment amounts and any credits to balances
on your Account will be credited to balances with the highest applicable
APR  first.  We  will  then  credit  payments  to  lower  rate  balances  in
descending order of APRs.  The manner in which we apply any payment
to your Account balances may affect the amount of any payment applied
to introductory or promotional financing balances.
10.  Other Charges. The following other charges (fees) will be added to
your Account, as applicable: Late Payment Fee: A late charge of up to
$20.00 will be added to your account if you are late making a payment.
If a check or share draft used to
Non-Sufficient Funds Check Fee:
make a payment on your account is returned unpaid, you will be charged
a fee of $20.00 for each item returned. Card Replacement Fee: You will
be charged $5.00 for each replacement card that you request. Document
Copy Fee: You will be charged $5.00 for each copy of a sales draft or
statement  that  you  request  (except  when  the  request  is  made  in
connection  with  a  billing  error  made  by  the  credit  union).  Collection
Costs: You promise to pay all costs of collecting the amount you owe
under this agreement to the extent permitted by law. Pick-Up Fee: When
a card is lost and has been reported to the credit union’s card processor
a  block  is  placed.  If  the  card  is  recovered  and  you  try  to  use  it,  the
merchant will capture the card and you will be charged $75.00.
11.  Penalty APR.  Before we apply the Penalty APR on any type of
transaction or balance, we will provide you with any notice required by
law  in  advance  that  informs  you  which  future  transactions  and/or
outstanding balances are subject to the Penalty APR and when the
APRs will increase.  If we do not increase your APRs to the Penalty
APR  when  any  of  the  events  triggering  the  Penalty  APR  occur,  we
reserve our right to increase your APRs to the Penalty Rate if any of
these events occur in the future.
If  your  APRs  are  increased  on  any  type  of  transaction  due  to  the
triggering  of  the  Penalty  APR,  the  Penalty  APR  will  be  applicable
indefinitely to future transactions of that type that occur more than 14
days after we provide you notice about the APR increase.
If we do not receive any required minimum payment within 60 days of
the  date  due,  the  Penalty  APR  will  be  applicable  to  all  outstanding
balances  and  future  transactions  on  your  Account.    However,  if  we
receive 6 consecutive required minimum payments by the date and time
due, beginning with the first payment due after the effective date of the
increase, we will stop applying the Penalty APR to transactions that
occurred prior to or within 14 days after we provided you with notice
regarding the APR increase.  For balances that we stop applying the
Penalty APR to, we will apply APRs that applied prior to the imposition
of the Penalty APR.  
12.  Changing or Terminating Your Account. The Credit Union may
change the terms of this Agreement from time to time.  Notice of any
change will be given in accordance with applicable law.  Use of your
Card after receiving notice of a change will indicate your agreement to
the change.
If permitted by law and specified in the notice to you, the change will
apply to your existing Account Balance as well as to future transactions.
When required by law to advise you that you have a legal right to reject
any changes we make, we will provide you with an explanation about
how to do that.
Either you or the Credit Union may terminate this agreement at any
time,  but  termination  by  you  or  the  Credit  Union  will  not  affect  your
obligation  to  pay  the  Account  balance  plus  any  finance  and  other

charges you owe under this Agreement. You are also responsible for
any transaction that you initiated and we authorized prior to termination,
even though the transaction is not posted until after termination.
The Card or Cards you receive remain the property of the Credit Union
and you must recover and surrender to the Credit Union all Cards upon
request or upon termination of this Agreement whether by you or the
Credit Union.  The Credit Union has the right to require you to pay your
full  Account  balance  at  any  time  after  your  Account  is  terminated,
whether it is terminated by you or the Credit Union.  If this is a joint
Account, Section 18 of this Agreement also applies to termination of
the Account.
13.  Credit Information. You authorize the Credit Union to investigate
your  credit  standing  when  opening  or  reviewing  your  Account. You
authorize  the  Credit  Union  to  disclose  information  regarding  your
Account to credit bureaus and creditors who inquire about your credit
standing.
14.  Returns and Adjustments. Merchants and others who honor your
Card may give credit for returns or adjustments, and they will do so by
sending  the  Credit  Union  a  credit  slip  which  will  be  posted  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 credit balance amount is $1 or more, it will be refunded
upon your written request or automatically after six months.
15.  Additional Benefits/Card Enhancements. The Credit Union may
from time to time offer additional services to your Account, such as
travel accident insurance, at no additional cost to you. You understand
that the Credit Union is not obligated to offer such services and may
withdraw or change them at any time.
16. 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. The currency
exchange rate used on the processing date may differ from the rate that
would have been used on the purchase date or cardholder statement
posting date.
17.  Merchant Disputes. The Credit Union is not responsible for the
refusal of any merchant or financial institution to honor your 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 if you have
made a good faith attempt but have been unable to obtain satisfaction
from the merchant or service provider (unless a local law states that
you do not have to make such an attempt), and (a) your purchase was
made  in  response  to  an  advertisement  the  Credit  Union  sent  or
participated in sending to you; or (b) your purchase cost more than $50
and was made in your state or within 100 miles of your home.
If this is a joint Account, each person on the
18.  Joint Accounts.
Account must sign the Application for the Account.  Each of you will be
individually and jointly responsible for paying all amounts owed under
this Agreement. This means that the Credit Union can require any one
of  you  individually  to  repay  the  entire  amount  owed  under  this
Agreement. Each of you authorizes the other(s) to make purchases or
cash advances individually.  Any one of you may terminate the Account
and the termination will be effective as to all of you.
19. Effect of Agreement. This Agreement is the contract which applies
to  all  transactions  on  your  Account  even  though  the  sales,  cash
advances, credit or other slips you sign or receive may contain different
terms.
20.  No Waiver. The Credit Union can delay enforcing any of its rights
any number of times without losing them.
21.  Statement and Notices.  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.
22. Copy Received. You acknowledge that you have received a copy
of this Agreement.
23. Signatures. By signing in the Signature area of the application form
that was attached to this agreement when you received it, you agree to
the terms of this Agreement. You should detach this Agreement from
the application and retain it for your records.
24. Final Expression. This agreement is the Final expression of the
terms and conditions of this Visa line of credit between you and the

Credit  Union.  This  written  Agreement  may  not  be  contradicted  by
evidence of any alleged oral agreement.

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:
•Your name and account number.
•The dollar amount of the suspected error.
•Describe the error and explain, if you can, why you believe there is an
error.  If you need more information, describe the item you are not sure
about.
If you have authorized us to pay your credit card bill automatically from
your savings or checking 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
corrected 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.  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 investigating, 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 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.
If  we  don’t  follow  these  rules,  we  can’t  collect  the  first  $50  of  the
questioned amount, 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
limitations on this right: 
(a)  You must have made the purchase in your home state, or if not
within your home state within 100 miles of your current mailing address;
and
(b)  The purchase price must have been more than $50.
 These limitations do not apply if we own or operate the merchant, or if
we mailed you the advertisement for the property or services.