FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 

VISA SELECT  AGREEMENT AND DISCLOSURE  

In this Agreement and Disclosure Statement the words you, your and 
yours mean each and all of those who apply for the card or who 
sign or use the VISA CREDIT CARD. We, us, our and ours mean FARMERS 
INSURANCE GROUP FEDERAL CREDIT UNION. Card means the VISA SELECT 
CREDIT CARD issued to you and any duplicates and renewals we may 
issue. Account means your VISA SELECT account with us.  

See Visa Select Rates Summary on Back Page 

PAYMENT: You promise to pay us in lawful money of the United States 
at our office or at the address set forth on your periodic statement, 
all sums advanced to you or any person you permit to use this 
Account based on the terms and at the rates set forth herein. 
Payments will continue until you have paid in full the unpaid balance, 
FINANCE CHARGE and any other fees and charges.  

ANNUAL PERCENTAGE RATE and MONTHLY PERIODIC RATE: The ANNUAL 
PERCENTAGE RATE for the Visa Select  is a 8.99% non-variable rate, which 
corresponds to a Monthly Periodic Rate of .75% to 18.00% which 
corresponds to a Monthly Periodic Rate of 1.50%.  The ANNUAL 
PERCENTAGE RATE (APR) you pay is based on your credit worthiness and 
payment history. Contract Rates are based on FICO Score. Actual Rate 
for each particular Card Holder is specified in Credit Card Addendum. 
Cardholder may request a “Rate Review”, limited to every six months 
and subject to prevailing rates. Penalty APR, is triggered when 
account becomes sixty (60) days late.  

FINANCE CHARGES: The FINANCE CHARGES for a billing  cycle will be the 
sum of the following components:  

CASH ADVANCE FEE: One (1) component of the FINANCE CHARGE is the Cash 
Advance Fee. Cash Advance transactions are subject to a Cash Advance 
Fee equal to 2% of the total dollar amount of Cash Advance 
transactions which are posted to your Account during the billing 
cycle, not to exceed the maximum rate permitted to federal credit 
unions during the billing cycle.  

MONTHLY PERIODIC FINANCE CHARGE: The second (2) component of the 
FINANCE CHARGE is the Monthly Periodic FINANCE CHARGE. The Monthly 
Periodic FINANCE CHARGE for each billing cycle will be calculated by 

 
multiplying the Average Adjusted Daily Balance (see below) for your 
Account for the billing cycle by the Monthly Periodic Rate for your 
Account.  

CALCULATION OF THE AVERAGE ADJUSTED DAILY BALANCE: We calculate your 
Average Adjusted Daily Balance (the balance which is subject to the 
Monthly Periodic Rate) as follows: The Average Adjusted Daily Balance 
for your Account is the average of the adjusted daily balances for 
each day of the billing cycle.  

To calculate the Adjusted Daily Balance each day, we take the 
following steps: We take the outstanding balance (all amounts you 
owe) at the start of the day. Then, in the sequence in which the 
amounts post to your Account, we add the amounts of all debits and 
subtract the amounts of all payments and credits which post to your 
Account that day. Payments are applied first to any unpaid FINANCE 
CHARGE from previous billing cycles, then to Late Charges, then to any 
Over Limit Charge, and then to the balance of your Account. Credits 
are applied first to the particular type of debit which is being credited, 
if any, and then to the balance of your Account. After applying 
payments and credits, we subtract any amount of the FINANCE CHARGE, 
Late Charges, and Over Limit Charge that remains unpaid. Then, we also 
subtract the amount of any Cash Advance transaction that posts to 
your Account on that day or on any previous day in the same billing 
cycle. The result is the Adjusted Daily Balance for that day.  

We add together all the Adjusted Daily Balances for each day in the 
billing cycle and divide the total by the number of days in the billing 
cycle. The result is the Average Adjusted Daily Balance for that billing 
cycle.  

Note that Cash Advance transactions, which are posted to your 
Account during a billing cycle, are not included in the Average 
Adjusted Daily Balance for that cycle, and are, therefore, not subject 
to the Monthly Periodic Rate during that cycle. However, they are 
included in the New Balance shown on the statement for that cycle, 
and are, therefore, also included in the outstanding balance at the 
start of the first day of the next billing cycle.  

Note also, that if the total of the payments and credits which is 
posted to your Account by the Payment Due Date shown on a 
statement  is equal to or exceed the New Balance shown on that 
statement, we  will not apply the Monthly Periodic Rate to your 
Account on your  next statement.  

Finally, if any statement shows a Previous Balance that is zero or is a 
credit balance, we will not apply the Monthly Periodic Rate to your 
Account on that statement. 

MINIMUM PAYMENT: You must pay at least the Current Amount Due by the 
Payment Due Date shown on your statement. By separate agreement, you 
may authorize us to charge the Current Amount Due automatically 
to your savings or checking account with us. You may,  of course, 
pay more frequently, pay more, or pay the total New Balance in full and 
you will reduce your FINANCE CHARGES by doing so. You may authorize 
us to charge the total New Balance automatically to your savings or 
checking account with us. The Minimum Payment will be either (a) 2% of 
your total New Balance, or $30.00, whichever is greater, or (b) your 
total New Balance, if it is less than $30.00, plus (c) any portion of the 
Minimum Payment(s) shown on your prior statement(s), which remains 
unpaid. In addition, at any time your  Total New Balance exceeds your 
Credit Limit, you must pay the excess as well as any Over Limit Charge. 
Lastly, any Late Charge must also  be paid. Payments made by 5:00 p.m. of 
your due date will not be charged a late fee. If your current card 
balance represents multiple balances with different rates, payments will 
be applied to the portion of the card balance with the highest 
interest rate first. If we change our mailing address or method of 
handling your payments, we will not charge a late fee for 60 days – if 
that change causes a material delay  in the crediting of your 
payment.  

PERIODIC STATEMENT: Your statement will be sent out no less than 21 
days before your due date. Your due date will be the 20th of each 
calendar month. Should your due date fall on a non-business or 
payment posting day, the payment will not be considered late until 
AFTER the first business/posting day that a payment may be posted. Your 
statement will include two calculations for amortization of 
payments: 1) Based on minimum payment how long it will take you to pay 
off your balance if you continue to make only the minimum payment 
amount, 2) The payment amount that would be required to pay off 
your balance in 36 months.  

PENALTY FEES: Penalty fees will not exceed the dollar amount for 
incurred infraction. This will prohibit charging penalty fees that 
exceed the dollar amount associated with your violation. Your 
Credit Card will not incur inactivity fees. You will not be billed 
multiple fees based on a single transaction and/or violation.  

LATE CHARGES: If your minimum periodic payment is not received by us by 
the Payment Due Date as described above, your Account will be assessed 
a Late Charge of up to $30.00. If you incur a late charge and have not 
had any previous late payments within the past six (6) months, your late 
fee will be up to $25.00. If anytime during the past six (6) billing cycles 
your payment was late, the late fee will be up to $30.00. If your minimum 
payment amount is less than the previously noted amounts, your late 
payment fee will be the same amount as your minimum payment amount.  

AUTHORIZATION FOR OVER LIMIT COVERAGE: You may request Over Limit 
Coverage on your credit card(s). If you go over limit, you will incur a 
fee of up to $20.00. If the amount that you go over limit is less than 
$20, then the fee will be the amount by which you go over limit. This 
may increase your Annual Percentage Rate (APR). The Credit Union 
charges one fee per billing cycle, even if you go over your limit 
multiple times in the same billing cycle. Requesting the Over Limit 
Coverage does not guarantee the approval of the transaction. The 
transaction may be declined if your account is past due or 
significantly over your credit limit at the time of the transaction. 
Your Account will continue to be charged up to $20.00 for up to two 
subsequent billing cycles if your balance is not reduced below your 
limit. 

CASH ADVANCE: The maximum Cash Advance available on your Visa Select 
Card Account is the amount available on your credit limit, subject to 
the terms and conditions of this Agreement.  

USING THE CARD: To make a purchase or Cash Advance, there are 
alternative procedures to be followed. You may present the Card or 
Card Number to a participating VISA CREDIT CARD plan merchant, to us 
or to another financial institution, and sign the sales or cash 
advance draft. You may complete the transaction by using your 
Personal Identification Number (PIN) in conjunction with the Card in 
an Automated Teller Machine or other type of electronic terminal 
that provides access to the VISA CREDIT CARD system. You may receive a 
Cash Advance by initiating a transfer from your VISA CREDIT CARD 
credit line through PC-TIED/Home Banking or FONLINE/Voice Response. 
The Card may be used for transactions performed on the Internet.  

UNAUTHORIZED USE: You may be liable for up to $50.00 of unauthorized 
use of your Card. You will not be liable for unauthorized use that 
occurs after you notify us by telephone or in writing. You will call 

us at 800.877.2345, Monday through Friday, between 7:30 a.m. and 3:30 p.m. 
(PT), or 800..543..5073, after hours/weekends/holidays. Your liability for 
unauthorized use may be zero in accordance with Visa International 
Incorporated regulations.  

SPECIAL RULES BY VISA: You have zero liability for unauthorized 
purchases on your Visa which is provided under the following  
conditions: your account is in good standing, you have exercised 
reasonable care in safeguarding your card from risk of loss or theft, 
 and you have not reported two or more incidents of unauthorized 
use  in the past 12 months.  

ILLEGAL USE OF CARD: Your card may not be used directly or indirectly 
for: 1) any illegal activity or transaction; or 2) any gambling, gaming, 
betting or similar activity or transaction. Further, you may not 
utilize your Card and/or Account for the purchase of any goods or 
services on the Internet that involve gambling, gaming, betting or any 
similar transaction or activity. However, in the event that a charge 
or a transaction described in this paragraph is approved, you will still 
be responsible for such charges.  

PREPAYMENT OR IRREGULAR PAYMENTS: Although you need only pay your 
minimum scheduled payments, you understand you have the right to 
repay your entire loan at any time without penalty. You understand 
that you will only be charged FINANCE CHARGES to the date you repay 
your entire loan. You may make larger payments without penalty and 
this may reduce the total amount of FINANCE CHARGES you will pay. Any 
partial payment of your loan will not delay your next scheduled 
payment due date(s). You understand that any payment that (a) delays 
or (b) accelerates the reduction of your loan balance will (a) increase 
or (b) decrease your Finance CHARGES.  

DEFAULT: You will be in default if: 1) you do not pay your minimum 
scheduled payments on time; 2) you fail to live up to or otherwise 
breach any of the terms and conditions of this Agreement or any 
other loan or line of credit (except any loan, line of credit or other 
agreement secured by real property or where otherwise prohibited by 
federal or state law or regulation) you may have with us; 3) your 
creditworthiness is impaired; 4) the value of the security is impaired; 5) 
you die, become insolvent or are the subject of bankruptcy or 
receivership proceedings; or 6) there is a change of ownership of all or 
any part of the security. If you are in default, we may terminate this 
Agreement and demand immediate payment of the entire loan without 

notice to you. In the event of your default, and upon termination of 
your credit privileges, with proper notice you understand and agree 
that FINANCE CHARGES may accrue at an ANNUAL PERCENTAGE RATE of 18% 
until you repay your entire loan.  

ACCELERATION AND COLLECTION COSTS: If you default, we may demand 
payment of the unpaid balance, FINANCE CHARGES, Late Charges, Over Limit 
Charges and Collection Costs, if any. You understand and agree that 
FINANCE CHARGES at the applicable ANNUAL PERCENTAGE RATE permitted 
under this Agreement will continue to accrue, until you repay your 
entire loan. You also agree to pay our reasonable attorney fees and 
court costs.  

FUTURE ADVANCES AND PURCHASES: You may request advances and make 
purchases in accordance with current loan policies up to your credit 
limit. You understand that all advances requested by you are subject 
to our approval.  

RESPONSIBILITY: You agree to repay us according to the terms of this 
Agreement for all advances, purchases, FINANCE CHARGES, Over Limit 
Charges, and Late Charges, if any, arising from the use of the Account 
by you or any other person you permit to use your Account, even if 
that person exceeds your permission. Any person using the Account is 
jointly and severally responsible with you.  

CREDIT LIMIT: We will establish a self-replenishing line of credit for you. 
You will not let the New Balance exceed this credit limit. You agree to 
advise us of any change in your financial condition, which may affect 
your credit worthiness. You may request an increase in your credit 
limit, but credit limit increases must be approved by our loan officer. 

ELECTRONIC FUND TRANSACTIONS: In the event a use  of your Card or the 
account number of the card constitutes an electronic funds 
transaction, the terms and conditions of our Electronic Services 
Disclosure and Agreement expands or amends this Agreement.  

TRANSACTION SLIPS: Your statement will identify the merchant, 
electronic terminal or financial institution at which transactions 
were made. Sales, Cash Advance, credit or other slips cannot be 
returned with the statement. You will retain the copy of such slips 
furnished at the time of the transaction in order to verify your 
monthly statement. We may make a reasonable charge for paper and 
electronic copies of slips you request.  

MERCHANT DISPUTES: We are not responsible for the refusal  of any 
participating merchants or financial institutions to honor your 
Card. We are subject to claims and defenses, other than tort claims, 
arising out of goods and services you have purchased with the Card 
only if you have made a good faith attempt but have been unable to 
obtain satisfaction from the plan merchant, and (a) your purchase was 
made in response to an advertisement we sent or participated in 
sending to you, or (b) your purchase cost more than $50.00 and was 
made from a participating merchant in your state or within 100 miles 
of your current mailing address. Any other dispute must be resolved by 
you directly with the participating merchant.  

FOREIGN TRANSACTIONS: If you effect a transaction with  a VISA CREDIT 
CARD in a currency other than U.S. dollars, Visa will convert the 
transaction amount into a U.S. dollar amount by using its currency 
conversion procedure. Under the currency conversion procedure 
that Visa currently uses, the non-U.S. dollar transaction amount is 
converted into a U.S. dollar amount by multiplying the transaction 
amount in the non-U.S. dollar currency by a currency conversion 
rate. The currency conversion rate that Visa typically uses is either a 
government-mandated rate, or a wholesale rate provided to Visa 
increased by a percentage (currently 1% subject to change —  see 
Schedule of Fees). The currency conversion rate that Visa uses for a 
particular transaction is the rate Visa uses for the applicable 
currency when the transaction is processed. This rate may differ from 
the rate in effect when the transaction occurred or when it is posted 
to your account.  

RETURNS AND ADJUSTMENTS: Merchants and others who honor the Card 
may give credit for returns or adjustments, and they will do so by 
sending us a credit slip, which will be posted to your Account. For 
sixty (60) days, we will hold any credit or payment that exceeds what 
you owe us and apply this credit balance against future purchases and 
cash advances. If the credit or payment is in excess of $1.00, we will 
refund it to you upon written request or automatically transfer the 
funds to your checking or savings account after sixty (60) days.  

PAYMENTS MARKED “PAID IN FULL”:We may accept checks, money orders, or 
other types of payment marked “paid in full” or using other language 
to indicate full satisfaction of any indebtedness, without being bound 
by such language or waiving any rights under this Agreement. Full 
satisfaction of indebtedness shall be accepted by us only in a written 

agreement, signed by an authorized employee of the Credit Union. 

SURRENDER OF CARD(S): The Card(s) remain our property, and, if we request, 
you must surrender to us all cards we have issued on your Account.  

LOST OR STOLEN CARD, NOTIFICATION AND LIABILITY: You will notify us AT 
ONCE if you believe that the Card, Account number, PIN or any 
combination of the three has been lost or stolen by immediately 
calling us at 800.877.2345, Monday through Friday, between 7:30 a.m. and 
3:30 p.m. (PT); or after hours/weekends/holidays at 800.543.5073. 
Telephoning is the best way of keeping your losses down. You 
understand that your total liability to us shall not exceed $50.00 for 
any Account and/or Card transactions resulting from the loss, theft 
or other unauthorized use of the Account and/or Card that occurs 
prior to the time you give notice to us.  

AUTOMATIC OVERDRAFT PROTECTION: We may clear any overdrafts from 
your Checking Account by an advance from your VISA CREDIT Card 
Account up to the amount required to clear your overdraft or in 
the amount available on your Credit Line, whichever is less, or in other 
such increments as we may, from time to time, determine subject to the 
terms of this Agreement. If you are not eligible to receive an advance 
from us under this Agreement, your checks may be returned and your 
Account could be closed.  

DELAY IN ENFORCEMENT: We can delay enforcing any of our rights under 
this Agreement without losing them.  

GOVERNING LAW: You understand and agree that this Agreement is made 
in California and shall be governed by the laws of the State of 
California to the extent that California law is not inconsistent with 
controlling federal laws including Regulation Z and the Credit Card 
Accountability, Responsibility, and Disclosure Act. You also understand 
that California’s choice of law rules shall not be applied if that would 
result in the application of non-California law.  

CHANGE IN TERMS: 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. 
You understand that we may amend, modify, add to, or delete from this 
Agreement any of its terms and conditions including the method of 
application and the amount of periodic FINANCE CHARGES, effective as 
to any unpaid balance outstanding and any subsequent advance, by 

mailing or delivering a notice of the change to you at your last 
known address. You also understand that any such notice will be 
mailed or delivered at least forty-five (45) days prior to the effective 
date of the change as required by federal or other law. Notice of a 
change in terms is required, but may be sent as late as the effective date 
of the change where the change has been agreed to, in writing by you, 
or the periodic FINANCE CHARGE has been increased because of your 
delinquency or default. A “Right to Cancel” statement will accompany 
the advanced notice of changes to your Card program. 

LIMITATIONS ON APR INCREASES: We will not be allowed to increase the 
APR, fees, or finance charge during the first year of a new credit card 
account unless one of the following exceptions applies: 1) an increased 
APR, that will apply after a disclosed period of time, was disclosed at 
account opening, 2) an increase in an APR due to the completion of a 
workout arrangement or failure to comply with a workout 
arrangement; or 3) If a minimum payment is more than 60 days late, and 
we provide a 45-day advance notice of the increased APR. Promotional 
APRs will be at least 6 months in length.  

CREDIT INFORMATION: You authorize us to investigate your credit 
standing when opening, renewing or reviewing your Account, and 
you authorize us to disclose information regarding your Account 
to credit bureaus and other parties to the extent permitted by law.  

TERMINATION: We may terminate this Agreement upon adverse 
reevaluation of your credit worthiness or your failure to live up to 
any of the terms of this Agreement. Either you or we may terminate this 
Agreement for other good cause. In no event shall any termination 
relieve you of your obligation to repay fees incurred or sums already 
borrowed, collection costs, Late Charges, if any, Over Limit Charges, if 
any, and periodic finance CHARGES.  

YOUR BILLING RIGHTS: This notice contains important information about 
your rights and responsibilities under the Fair Credit Billing Act.  

NOTIFICATION IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENT: If 
you think your statement is wrong, or if you need more information 
about a transaction on your statement, you must write to us on a 
separate sheet at the address listed on your statement. You should 
write to us as soon as possible. We must hear from you no later than 
sixty (60) days after we send you the first statement on which the 
error or problem appears. You can telephone us, but doing so will not 

preserve your rights. In your letter, you should give us the following 
information:  

ϒ  Your name and account number.  

ϒ  The dollar amount of the specified error.  

ϒ  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.  

YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR WRITTEN NOTICE: 
We must acknowledge your letter within thirty (30) days, unless we 
have corrected the error by then. Within ninety (90) days, we must 
either correct the error or explain why we believe the statement 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 the statement that are not 
in question.  

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

If you fail to pay the amount that we think you owe, we may report 
you as delinquent. However, if our explanation does not satisfy you 
and you write us within ten (10) days telling us that you still refuse to 
pay, we must tell anyone we report you to that you have a question 
about your statement. We must tell you the name of anyone to whom 
we reported you. We must tell anyone we report you to that the 
matter has been settled between you and us when the matter is 
resolved.  

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

FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 

 
 
VISA SELECT AGREEMENT AND DISCLOSURE  

In this Agreement and Disclosure Statement the words you, your and 
yours mean each and all of those who apply for the card or who 
sign or use the VISA CREDIT CARD. We, us, our and ours mean FARMERS 
INSURANCE GROUP FEDERAL CREDIT UNION. Card means the VISA SELECT 
CREDIT CARD issued to you and any duplicates and renewals we may 
issue. Account means your VISA SELECT account with us.  

See Visa Select Rates Summary on Back Page 

PAYMENT: You promise to pay us in lawful money of the United States 
at our office or at the address set forth on your periodic statement, 
all sums advanced to you or any person you permit to use this 
Account based on the terms and at the rates set forth herein. 
Payments will continue until you have paid in full the unpaid balance, 
FINANCE CHARGE and any other fees and charges.  

ANNUAL PERCENTAGE RATE and MONTHLY PERIODIC RATE: The ANNUAL 
PERCENTAGE RATE for the Visa Select  is a 8.99% non-variable rate, which 
corresponds to a Monthly Periodic Rate of .75%  

FINANCE CHARGES: The FINANCE CHARGES for a billing  cycle will be the 
sum of the following components:  

CASH ADVANCE FEE: One (1) component of the FINANCE CHARGE is the Cash 
Advance Fee. Cash Advance transactions are subject to a Cash Advance 
Fee equal to 2% of the total dollar amount of Cash Advance 
transactions which are posted to your Account during the billing 
cycle, not to exceed the maximum rate permitted to federal credit 
unions during the billing cycle.  

MONTHLY PERIODIC FINANCE CHARGE: The second (2) component of the 
FINANCE CHARGE is the Monthly Periodic FINANCE CHARGE. The Monthly 
Periodic FINANCE CHARGE for each billing cycle will be calculated by 
multiplying the Average Adjusted Daily Balance (see below) for your 
Account for the billing cycle by the Monthly Periodic Rate for your 
Account.  

CALCULATION OF THE AVERAGE ADJUSTED DAILY BALANCE: We calculate your 
Average Adjusted Daily Balance (the balance which is subject to the 
Monthly Periodic Rate) as follows: The Average Adjusted Daily Balance 
for your Account is the average of the adjusted daily balances for 
each day of the billing cycle.  

To calculate the Adjusted Daily Balance each day, we take the 
following steps: We take the outstanding balance (all amounts you 
owe) at the start of the day. Then, in the sequence in which the 
amounts post to your Account, we add the amounts of all debits and 
subtract the amounts of all payments and credits which post to your 
Account that day. Payments are applied first to any unpaid FINANCE 
CHARGE from previous billing cycles, then to Late Charges, then to any 
Over Limit Charge, and then to the balance of your Account. Credits 
are applied first to the particular type of debit which is being credited, 
if any, and then to the balance of your Account. After applying 
payments and credits, we subtract any amount of the FINANCE CHARGE, 
Late Charges, and Over Limit Charge that remains unpaid. Then, we also 
subtract the amount of any Cash Advance transaction that posts to 
your Account on that day or on any previous day in the same billing 
cycle. The result is the Adjusted Daily Balance for that day.  

We add together all the Adjusted Daily Balances for each day in the 
billing cycle and divide the total by the number of days in the billing 
cycle. The result is the Average Adjusted Daily Balance for that billing 
cycle.  

Note that Cash Advance transactions, which are posted to your 
Account during a billing cycle, are not included in the Average 
Adjusted Daily Balance for that cycle, and are, therefore, not subject 
to the Monthly Periodic Rate during that cycle. However, they are 
included in the New Balance shown on the statement for that cycle, 
and are, therefore, also included in the outstanding balance at the 
start of the first day of the next billing cycle.  

Note also, that if the total of the payments and credits which is 
posted to your Account by the Payment Due Date shown on a 
statement  is equal to or exceed the New Balance shown on that 
statement, we  will not apply the Monthly Periodic Rate to your 
Account on your  next statement.  

Finally, if any statement shows a Previous Balance that is zero or is a 
credit balance, we will not apply the Monthly Periodic Rate to your 
Account on that statement. 

MINIMUM PAYMENT: You must pay at least the Current Amount Due by the 
Payment Due Date shown on your statement. By separate agreement, you 
may authorize us to charge the Current Amount Due automatically 
to your savings or checking account with us. You may,  of course, 
pay more frequently, pay more, or pay the total New Balance in full and 

you will reduce your FINANCE CHARGES by doing so. You may authorize 
us to charge the total New Balance automatically to your savings or 
checking account with us. The Minimum Payment will be either (a) 2% of 
your total New Balance, or $30.00, whichever is greater, or (b) your 
total New Balance, if it is less than $30.00, plus (c) any portion of the 
Minimum Payment(s) shown on your prior statement(s), which remains 
unpaid. In addition, at any time your  Total New Balance exceeds your 
Credit Limit, you must pay the excess as well as any Over Limit Charge. 
Lastly, any Late Charge must also  be paid. Payments made by 5:00 p.m. of 
your due date will not be charged a late fee. If your current card 
balance represents multiple balances with different rates, payments will 
be applied to the portion of the card balance with the highest 
interest rate first. If we change our mailing address or method of 
handling your payments, we will not charge a late fee for 60 days – if 
that change causes a material delay  in the crediting of your 
payment.  

PERIODIC STATEMENT: Your statement will be sent out no less than 21 
days before your due date. Your due date will be the 20th of each 
calendar month. Should your due date fall on a non-business or 
payment posting day, the payment will not be considered late until 
AFTER the first business/posting day that a payment may be posted. Your 
statement will include two calculations for amortization of 
payments: 1) Based on minimum payment how long it will take you to pay 
off your balance if you continue to make only the minimum payment 
amount, 2) The payment amount that would be required to pay off 
your balance in 36 months.  

PENALTY FEES: Penalty fees will not exceed the dollar amount for 
incurred infraction. This will prohibit charging penalty fees that 
exceed the dollar amount associated with your violation. Your 
Credit Card will not incur inactivity fees. You will not be billed 
multiple fees based on a single transaction and/or violation.  

LATE CHARGES: If your minimum periodic payment is not received by us by 
the Payment Due Date as described above, your Account will be assessed 
a Late Charge of up to $30.00. If you incur a late charge and have not 
had any previous late payments within the past six (6) months, your late 
fee will be up to $25.00. If anytime during the past six (6) billing cycles 
your payment was late, the late fee will be up to $30.00. If your minimum 
payment amount is less than the previously noted amounts, your late 
payment fee will be the same amount as your minimum payment amount.  

AUTHORIZATION FOR OVER LIMIT COVERAGE: You may request Over Limit 
Coverage on your credit card(s). If you go over limit, you will incur a 
fee of up to $20.00. If the amount that you go over limit is less than 
$20, then the fee will be the amount by which you go over limit. This 
may increase your Annual Percentage Rate (APR). The Credit Union 
charges one fee per billing cycle, even if you go over your limit 
multiple times in the same billing cycle. Requesting the Over Limit 
Coverage does not guarantee the approval of the transaction. The 
transaction may be declined if your account is past due or 
significantly over your credit limit at the time of the transaction. 
Your Account will continue to be charged up to $20.00 for up to two 
subsequent billing cycles if your balance is not reduced below your 
limit. 

CASH ADVANCE: The maximum Cash Advance available on your Visa Select 
Card Account is the amount available on your credit limit, subject to 
the terms and conditions of this Agreement.  

USING THE CARD: To make a purchase or Cash Advance, there are 
alternative procedures to be followed. You may present the Card or 
Card Number to a participating VISA CREDIT CARD plan merchant, to us 
or to another financial institution, and sign the sales or cash 
advance draft. You may complete the transaction by using your 
Personal Identification Number (PIN) in conjunction with the Card in 
an Automated Teller Machine or other type of electronic terminal 
that provides access to the VISA CREDIT CARD system. You may receive a 
Cash Advance by initiating a transfer from your VISA CREDIT CARD 
credit line through PC-TIED/Home Banking or FONLINE/Voice Response. 
The Card may be used for transactions performed on the Internet.  

UNAUTHORIZED USE: You may be liable for up to $50.00 of unauthorized 
use of your Card. You will not be liable for unauthorized use that 
occurs after you notify us by telephone or in writing. You will call 
us at 800.877.2345, Monday through Friday, between 7:30 a.m. and 3:30 p.m. 
(PT), or 800..543..5073, after hours/weekends/holidays. Your liability for 
unauthorized use may be zero in accordance with Visa International 
Incorporated regulations.  

SPECIAL RULES BY VISA: You have zero liability for unauthorized 
purchases on your Visa which is provided under the following  
conditions: your account is in good standing, you have exercised 
reasonable care in safeguarding your card from risk of loss or theft, 

 and you have not reported two or more incidents of unauthorized 
use  in the past 12 months.  

ILLEGAL USE OF CARD: Your card may not be used directly or indirectly 
for: 1) any illegal activity or transaction; or 2) any gambling, gaming, 
betting or similar activity or transaction. Further, you may not 
utilize your Card and/or Account for the purchase of any goods or 
services on the Internet that involve gambling, gaming, betting or any 
similar transaction or activity. However, in the event that a charge 
or a transaction described in this paragraph is approved, you will still 
be responsible for such charges.  

PREPAYMENT OR IRREGULAR PAYMENTS: Although you need only pay your 
minimum scheduled payments, you understand you have the right to 
repay your entire loan at any time without penalty. You understand 
that you will only be charged FINANCE CHARGES to the date you repay 
your entire loan. You may make larger payments without penalty and 
this may reduce the total amount of FINANCE CHARGES you will pay. Any 
partial payment of your loan will not delay your next scheduled 
payment due date(s). You understand that any payment that (a) delays 
or (b) accelerates the reduction of your loan balance will (a) increase 
or (b) decrease your FINANCE CHARGES.  

DEFAULT: You will be in default if: 1) you do not pay your minimum 
scheduled payments on time; 2) you fail to live up to or otherwise 
breach any of the terms and conditions of this Agreement or any 
other loan or line of credit (except any loan, line of credit or other 
agreement secured by real property or where otherwise prohibited by 
federal or state law or regulation) you may have with us; 3) your 
creditworthiness is impaired; 4) the value of the security is impaired; 5) 
you die, become insolvent or are the subject of bankruptcy or 
receivership proceedings; or 6) there is a change of ownership of all or 
any part of the security. If you are in default, we may terminate this 
Agreement and demand immediate payment of the entire loan without 
notice to you. In the event of your default, and upon termination of 
your credit privileges, with proper notice you understand and agree 
that FINANCE CHARGES may accrue at an ANNUAL PERCENTAGE RATE of 18% 
until you repay your entire loan.  

ACCELERATION AND COLLECTION COSTS: If you default, we may demand 
payment of the unpaid balance, FINANCE CHARGES, Late Charges, Over Limit 
Charges and Collection Costs, if any. You understand and agree that 
FINANCE CHARGES at the applicable ANNUAL PERCENTAGE RATE permitted 

under this Agreement will continue to accrue, until you repay your 
entire loan. You also agree to pay our reasonable attorney fees and 
court costs.  

FUTURE ADVANCES AND PURCHASES: You may request advances and make 
purchases in accordance with current loan policies up to your credit 
limit. You understand that all advances requested by you are subject 
to our approval.  

RESPONSIBILITY: You agree to repay us according to the terms of this 
Agreement for all advances, purchases, FINANCE CHARGES, Over Limit 
Charges, and Late Charges, if any, arising from the use of the Account 
by you or any other person you permit to use your Account, even if 
that person exceeds your permission. Any person using the Account is 
jointly and severally responsible with you.  

CREDIT LIMIT: We will establish a self-replenishing line of credit for you. 
You will not let the New Balance exceed this credit limit. You agree to 
advise us of any change in your financial condition, which may affect 
your credit worthiness. You may request an increase in your credit 
limit, but credit limit increases must be approved by our loan officer. 

ELECTRONIC FUND TRANSACTIONS: In the event a use  of your Card or the 
account number of the card constitutes an electronic funds 
transaction, the terms and conditions of our Electronic Services 
Disclosure and Agreement expands or amends this Agreement.  

TRANSACTION SLIPS: Your statement will identify the merchant, 
electronic terminal or financial institution at which transactions 
were made. Sales, Cash Advance, credit or other slips cannot be 
returned with the statement. You will retain the copy of such slips 
furnished at the time of the transaction in order to verify your 
monthly statement. We may make a reasonable charge for paper and 
electronic copies of slips you request.  

MERCHANT DISPUTES: We are not responsible for the refusal  of any 
participating merchants or financial institutions to honor your 
Card. We are subject to claims and defenses, other than tort claims, 
arising out of goods and services you have purchased with the Card 
only if you have made a good faith attempt but have been unable to 
obtain satisfaction from the plan merchant, and (a) your purchase was 
made in response to an advertisement we sent or participated in 
sending to you, or (b) your purchase cost more than $50.00 and was 

made from a participating merchant in your state or within 100 miles 
of your current mailing address. Any other dispute must be resolved by 
you directly with the participating merchant.  

FOREIGN TRANSACTIONS: If you effect a transaction with  a VISA CREDIT 
CARD in a currency other than U.S. dollars, Visa will convert the 
transaction amount into a U.S. dollar amount by using its currency 
conversion procedure. Under the currency conversion procedure 
that Visa currently uses, the non-U.S. dollar transaction amount is 
converted into a U.S. dollar amount by multiplying the transaction 
amount in the non-U.S. dollar currency by a currency conversion 
rate. The currency conversion rate that Visa typically uses is either a 
government-mandated rate, or a wholesale rate provided to Visa 
increased by a percentage (currently 1% subject to change —  see 
Schedule of Fees). The currency conversion rate that Visa uses for a 
particular transaction is the rate Visa uses for the applicable 
currency when the transaction is processed. This rate may differ from 
the rate in effect when the transaction occurred or when it is posted 
to your account.  

RETURNS AND ADJUSTMENTS: Merchants and others who honor the Card 
may give credit for returns or adjustments, and they will do so by 
sending us a credit slip, which will be posted to your Account. For 
sixty (60) days, we will hold any credit or payment that exceeds what 
you owe us and apply this credit balance against future purchases and 
cash advances. If the credit or payment is in excess of $1.00, we will 
refund it to you upon written request or automatically transfer the 
funds to your checking or savings account after sixty (60) days.  

PAYMENTS MARKED “PAID IN FULL”:We may accept checks, money orders, or 
other types of payment marked “paid in full” or using other language 
to indicate full satisfaction of any indebtedness, without being bound 
by such language or waiving any rights under this Agreement. Full 
satisfaction of indebtedness shall be accepted by us only in a written 
agreement, signed by an authorized employee of the Credit Union. 

SURRENDER OF CARD(S): The Card(s) remain our property, and, if we request, 
you must surrender to us all cards we have issued on your Account.  

LOST OR STOLEN CARD, NOTIFICATION AND LIABILITY: You will notify us AT 
ONCE if you believe that the Card, Account number, PIN or any 
combination of the three has been lost or stolen by immediately 
calling us at 800.877.2345, Monday through Friday, between 7:30 a.m. and 

3:30 p.m. (PT); or after hours/weekends/holidays at 800.543.5073. 
Telephoning is the best way of keeping your losses down. You 
understand that your total liability to us shall not exceed $50.00 for 
any Account and/or Card transactions resulting from the loss, theft 
or other unauthorized use of the Account and/or Card that occurs 
prior to the time you give notice to us.  

AUTOMATIC OVERDRAFT PROTECTION: We may clear any overdrafts from 
your Checking Account by an advance from your VISA CREDIT Card 
Account up to the amount required to clear your overdraft or in 
the amount available on your Credit Line, whichever is less, or in other 
such increments as we may, from time to time, determine subject to the 
terms of this Agreement. If you are not eligible to receive an advance 
from us under this Agreement, your checks may be returned and your 
Account could be closed.  

DELAY IN ENFORCEMENT: We can delay enforcing any of our rights under 
this Agreement without losing them.  

GOVERNING LAW: You understand and agree that this Agreement is made 
in California and shall be governed by the laws of the State of 
California to the extent that California law is not inconsistent with 
controlling federal laws including Regulation Z and the Credit Card 
Accountability, Responsibility, and Disclosure Act. You also understand 
that California’s choice of law rules shall not be applied if that would 
result in the application of non-California law.  

CHANGE IN TERMS: 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. 
You understand that we may amend, modify, add to, or delete from this 
Agreement any of its terms and conditions including the method of 
application and the amount of periodic FINANCE CHARGES, effective as 
to any unpaid balance outstanding and any subsequent advance, by 
mailing or delivering a notice of the change to you at your last 
known address. You also understand that any such notice will be 
mailed or delivered at least forty-five (45) days prior to the effective 
date of the change as required by federal or other law. Notice of a 
change in terms is required, but may be sent as late as the effective date 
of the change where the change has been agreed to, in writing by you, 
or the periodic FINANCE CHARGE has been increased because of your 
delinquency or default. A “Right to Cancel” statement will accompany 
the advanced notice of changes to your Card program. 

LIMITATIONS ON APR INCREASES: We will not be allowed to increase the 
APR, fees, or finance charge during the first year of a new credit card 
account unless one of the following exceptions applies: 1) an increased 
APR, that will apply after a disclosed period of time, was disclosed at 
account opening, 2) an increase in an APR due to the completion of a 
workout arrangement or failure to comply with a workout 
arrangement; or 3) If a minimum payment is more than 60 days late, and 
we provide a 45-day advance notice of the increased APR. Promotional 
APRs will be at least 6 months in length.  

CREDIT INFORMATION: You authorize us to investigate your credit 
standing when opening, renewing or reviewing your Account, and 
you authorize us to disclose information regarding your Account 
to credit bureaus and other parties to the extent permitted by law.  

TERMINATION: We may terminate this Agreement upon adverse 
reevaluation of your credit worthiness or your failure to live up to 
any of the terms of this Agreement. Either you or we may terminate this 
Agreement for other good cause. In no event shall any termination 
relieve you of your obligation to repay fees incurred or sums already 
borrowed, collection costs, Late Charges, if any, Over Limit Charges,if 
any, and periodic FINANCE CHARGES.  

YOUR BILLING RIGHTS: This notice contains important information about 
your rights and responsibilities under the Fair Credit Billing Act.  

NOTIFICATION IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENT: If 
you think your statement is wrong, or if you need more information 
about a transaction on your statement, you must write to us on a 
separate sheet at the address listed on your statement. You should 
write to us as soon as possible. We must hear from you no later than 
sixty (60) days after we send you the first statement on which the 
error or problem appears. You can telephone us, but doing so will not 
preserve your rights. In your letter, you should give us the following 
information:  

ϒ  Your name and account number.  

ϒ  The dollar amount of the specified error.  

ϒ  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.  

YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR WRITTEN NOTICE: 

We must acknowledge your letter within thirty (30) days, unless we 
have corrected the error by then. Within ninety (90) days, we must 
either correct the error or explain why we believe the statement 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 the statement that are not 
in question.  

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

If you fail to pay the amount that we think you owe, we may report 
you as delinquent. However, if our explanation does not satisfy you 
and you write us within ten (10) days telling us that you still refuse to 
pay, we must tell anyone we report you to that you have a question 
about your statement. We must tell you the name of anyone to whom 
we reported you. We must tell anyone we report you to that the 
matter has been settled between you and us when the matter is 
resolved.  

If we do not follow these rules, we cannot collect the first $50.00  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 must have been more 
than $50.00. These limitations do not apply if we own or operate the 
merchant, or  if we mailed you the advertisement for the property or 
services. 

 
 
 
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION  
VISA® SELECT DISCLOSURE 

 Interest Rates and Interest Charges 

Annual Percentage Rate (APR)  
For Purchases A Non-variable 
monthly periodic rate will be charged 
and the ANNUAL PERCENTAGE 
RATE (corresponding to the monthly 
periodic rate) may change/be higher, 
based on your credit qualifications. 

8.99%. - 18.00%* The minimum ANNUAL PERCENTAGE 
RATE (APR) is as low as 8.99%, with a monthly periodic rate of .749% 
and the maximum ANNUAL PERCENTAGE RATE (APR) is 18.00% with 
a maximum monthly periodic rate of 1.50%. The ANNUAL PERCENTAGE 
RATE (APR) you pay is based on your credit worthiness and payment 
history.  

APR for Cash Advances 

8.99%  - 18.00% Subject to credit worthiness 

APR for Balance Transfer 
Advances** 

Penalty APR and When it Applies 

8.99 % - 18.00% Subject to credit worthiness 

18.00%*  
This APR may be applied to your account if you: 
1) Make your payment 60 days late or:  
2) A returned payment causes your account to become 60 days late.  

How to Avoid Paying Interest on 
Purchases 

Your due date is at least 21 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 and your previous balance is zero or a credit balance.  

Minimum Finance Charge 

$.50 if finance charges are due on account. 

For Credit Card Tips from the 
Consumer Financial 
Protection Bureau 

To learn more about factors to consider when applying for or using a credit card, 
visit the website of the Consumer Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore 

 Fees 

Annual Fee / Set Up / Maintenance 

 $0 

Transaction Fees 

  Balance Transfers 
  Cash Advance  

Foreign Transactions  

Penalty Fees 

Late Payment  

  Over Limit 
  Returned Payment 

Other Fees 

  Sales Draft 
  Picture Card 
  Replacement Card 

Up to 2% of amount transferred  
Up to 2% of advance 
Up to 1% of each foreign transaction amount in U.S. Dollars 

Up to $30.00 
Up to $20.00 
Up to $35.00 

$10.00 
$10.00 
  $5.00 (first replacement is FREE) 

*Contract Rates are based on FICO Score. Actual Rate for each particular Card Holder is specified in 
Credit Card Addendum. Cardholder may request a “Rate Review”, limited to every six months and subject to 
prevailing rates.  
Penalty APR, is triggered when account becomes 60 days late, see agreement for details. 

**Balance Transfers; the balance transfer amount of other FIGFCU credit cards, will retain the current rate, 
(i.e. Visa Platinum 10.99%,  MasterCard Gold 11.99%, MasterCard Classic 13.99%).   

Billing Rights: Information on your rights to dispute transactions is provided in your account agreement and 
disclosure.      Rates are current as of 04/01/2013 and are subject to change.