VISA CREDIT CARD AGREEMENT – Effective Date 6-26-2016 

In this Agreement, “Agreement” means this Visa Credit Card Agreement. “Disclosure” means the Credit Card 
Account Opening Disclosure. The Account Opening Disclosure is incorporated into this Visa Credit Card 
Agreement and is part of the Agreement. In this Agreement the words "you," “your,” and "yours" mean each 
and all of those who agree to be bound by this Agreement; "card" means the 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.  You agree that your credit limit is the maximum amount (purchases, cash advances, finance 
charges, plus "other charges") which you will have outstanding on your account at any time. Unless 
disclosed otherwise, the Credit Union will not allow advances over the credit limit. If the Credit Union has a 
program whereby it allows payment of advances that exceed your credit limit, the Credit Union will provide 
you with notice, either orally, in writing, or electronically (notwithstanding the requirements of the 
paragraph entitled “Statements and Notices”) explaining your right to opt in to the Credit Union’s program 
whereby it will honor advance requests over the credit limit. In the event you opt in to such a program, you 
agree to the terms of such a program. You may request an increase in your credit limit only by a method 
acceptable to the Credit Union. The Credit Union may increase or decrease 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 YOUR CARD — You understand that the use of your credit card will constitute acknowledgement of 
receipt and agreement to the terms of the Credit Card Agreement and Credit Card Account Opening 
Disclosure (Disclosure). You may use your card to make purchases from merchants and others who accept 
your card. The credit union is not responsible for the refusal of any merchant or financial institution to honor 
your card. 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. In addition, you may 
obtain cash advances from the Credit Union, from other financial institutions that accept your card, and 
from some automated teller machines (ATMs). (Not all ATMs accept your card.) If the credit union 
authorizes ATM transactions with your card, it will issue you a personal identification number (PIN). To obtain 
cash advances from an ATM, you must use the PIN issued to you for use with your card. You agree that you 
will not use your card for any transaction that is illegal under applicable federal, state, or local law. Even if 
you use your card for an illegal transaction, you will be responsible for all amounts and charges incurred in 
connection with the transaction. If you are permitted to obtain cash advances on your account, you may 
also use your card to purchase instruments and engage in transactions that we consider the equivalent of 
cash. Such transactions will be posted to your account as cash advances and include, but are not limited 
to, wire transfers, money orders, bets, lottery tickets, and casino gaming chips. This paragraph shall not be 
interpreted as permitting or authorizing any transaction that is illegal.  

3.  PROMISE TO PAY — You promise to pay all charges (purchases, cash advances, balance transfers, or any 
other charge) made to your account by you or anyone you authorize to use your account. You also 
promise 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, the paragraph 
on JOINT ACCOUNTS also applies to your account.  

4.  PERIODIC RATES — The periodic rates applicable to purchases, cash advances, and balance transfers are 
disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for 
failing to make a payment by the payment due date is also disclosed on the Disclosure. The rate charged 
on purchases, cash advances, balance transfers, and any penalty rate will not vary from month to month 
unless we notify you in advance that the rate(s) will change as required by law. The initial rate on your 
account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is 
lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to 
your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying 
this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to 
the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.  

5. 

INTEREST CHARGES — The Calculation Method applicable to your account for Cash Advances, Balance 
Transfers, and Credit Purchases of goods and services that you obtain through the use of your card is 
specified on the front side of your statement and explained below: 

 
 
 
 
 
 
 
 
METHOD A - Your account will be assessed an INTEREST CHARGE on new Cash Advance and Balance 
Transfer activity from the transaction date, or the first day of the billing cycle in which it is posted to your 
account, whichever is later. To avoid incurring an additional Interest Charge on the balance of Cash 
Advances reflected on this statement, you must pay the New Balance on or before the Payment Due Date. 
The Interest Charges for a billing cycle are computed by applying the daily periodic rate to the average 
daily balance.  To calculate the average daily balance, we take the beginning outstanding balance of 
cash advances each day, add in any new cash advances, and subtract any payments and/or credits.  This 
gives us the daily balance of cash advances.  Then we add up all the daily balances for the billing cycle 
and divide the total by the number of days in the billing cycle.  Balance transfers are calculated in the 
same manner as cash advances.  
METHOD G -To avoid incurring an additional INTEREST CHARGE on the balance of Credit Purchases reflected 
on your statement and on any new Credit Purchases appearing on your next statement, you must pay the 
New Balance shown on your statement on or before the Payment Due Date. The INTEREST CHARGES for a 
billing cycle are computed by applying the monthly Periodic Rate to the average daily balance of Credit 
Purchases, which is determined by dividing the sum of daily balances during the billing cycle by the number 
of days in the cycle. Each daily balance is determined by adding to the Previous Balance of Credit 
Purchases 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 INTEREST CHARGES.   

6.  FOREIGN TRANSACTIONS — Purchases and cash advances made in foreign currencies will be debited from 
your account in U.S. dollars. The exchange rate between the transaction currency and the billing currency 
used for processing international transactions is a rate selected by Visa from a 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 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. A foreign transaction is any transaction that you 
complete or a merchant completes on your card outside of the United States, with the exception of U.S. 
military bases, U.S. territories, U.S. embassies or U.S. consulates.   

7.  FEES — In addition to the periodic rate, additional fees may be imposed on your account. If applicable to 
your account, the fee amounts and explanations are disclosed on the Disclosure accompanying this 
Agreement. Your account may also be subject to additional fees as set forth on the Disclosure 
accompanying this Agreement.  

8.  PAYMENTS — Each month you must pay at least the minimum payment shown on your statement by the 

date specified on the statement. You may pay more frequently, pay more than the minimum payment or 
pay the total new balance in full. If you make extra 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 2.5% of your total new balance, or $25.00, whichever is greater, plus the amount of 
any prior minimum payments that you have not made, any amount you are over your credit limit and all 
outstanding unpaid fees and charges. The Credit Union also has the right to demand immediate payment 
of any amount by which you are over your credit limit.  
Skip-A-Payment Option.  From time to time and solely at our discretion, we may allow you to skip or not 
make the minimum periodic payment for a month, provided that you meet certain established criteria. No 
late charges or other penalties will be imposed for failure to make the payment being skipped. However, 
when you skip such a payment, we will continue to apply finance charges to your outstanding balance. 
Your regularly scheduled payments will resume after the skipped month and your minimum monthly 
payment after the skipped month will be calculated based on the outstanding balance plus any 
purchases, fees (other than late fees), advances or transfers that occurred during the skipped month plus 
finance charges incurred during the skipped month. Currently, the Skip a Payment option is offered only 
once every 12 months, but such offers may be increased or decreased at our discretion.  

9.  PAYMENT ALLOCATION — Subject to applicable law, your payments may be applied to what you owe the 
Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a 
payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess 
amount first to the balance with the highest annual percentage rate and any remaining portion to the 
other balances in descending order based on applicable annual percentage rate.  

10.  SECURITY INTEREST — You grant the Credit Union a security interest under the Uniform Commercial Code 

and under any common law rights the Credit Union may have in any goods you purchase. If you give the 
Credit Union a specific pledge of shares by signing a pledge of shares, your pledged shares will secure your 
account.  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. Your Account is secured by all 
other shares you have in any individual or joint account with the Credit Union, except for shares in an 
Individual Retirement Account or in any other account that would lose special tax treatment under state or 
federal law if given as security. These other shares may be withdrawn unless you are in default under this 
agreement. You authorize the Credit Union to apply the balance in your individual or joint share accounts 

to pay any amounts due on your Account if you should default. Collateral securing other loans you have 
with the Credit Union may also secure this loan, except that a dwelling will never be considered as security 
for this account, notwithstanding anything to the contrary in any other agreement.  

11.  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 something happens that the Credit Union believes 
may substantially reduce your ability to repay what you owe. 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 charges 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.  

12.  LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION — You agree to notify us immediately 
of the loss, theft, or unauthorized use of your card, orally or in writing during normal business hours at 18441 
Utica Road, Roseville, MI 48066 or telephone (586)772-6330 or for after-hours and weekends at PO Box 
31112, Tampa, FL 33631 or telephone (800)449-7728.  You may be liable for the unauthorized use of your 
credit card.  We may also offer your account with the benefit of the Visa Zero Liability Policy in certain 
circumstances, although we are not obligated to continue such a policy and may change or withdraw 
such policy at any time. Visa’s Zero Liability Policy is devised to provide you with protection against 
unauthorized Visa credit card transactions processed through the Visa network, including Internet and 
telephone purchases. If you suspect that your Visa credit card or card number has been lost or stolen, you 
may not be responsible for any unauthorized purchases if you report the theft promptly. Specifically, upon 
notification from you of unauthorized Visa transactions, we will limit your liability for those transactions to 
zero, provided that we receive such notification from you within 60 calendar days of the mailing date of the 
first statement showing any unauthorized Visa transactions. In evaluating your claim, we will consider 
whether gross negligence on your part has contributed to the transactions in question and there has been 
any such gross negligence we may eliminate this benefit if, based on substantial evidence, it is reasonably 
determined that you were grossly negligent or fraudulent in the handling of the card or account. 
Additionally, with respect to the Visa Zero Liability Policy, we will provide you with provisional credit for 
unauthorized Visa transactions within five (5) business days from receipt of notification. We may require 
written confirmation of the unauthorized Visa transactions before providing provisional credit.  

13.  CHANGING OR TERMINATING YOUR ACCOUNT — As permitted by law, the Credit Union may change the 

terms of this Agreement and any attached Disclosure from time to time. Notice of any change will be given 
in accordance with applicable law, at this time the notification should arrive to you 45 days before the 
change is to be effective. You will have the choice to reject the changes in the terms of the account. If you 
choose to reject the changes, your account will be closed and you will no longer be able to use your credit 
card for purchases, cash advances or balance transfers. Any rewards points or cash back you have earned 
on your card will be forfeited. You will also still be responsible for any outstanding balances on your 
account, however, you may pay off your balance under your current terms. 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. 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 all transactions made to your 
account after termination, unless the transactions were unauthorized. 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. If this is a joint account, 
the paragraph on JOINT ACCOUNTS of this Agreement also applies to termination of the account.  

14.  CHANGING OR TERMINATING AUTHORIZED USERS — Upon your request, we may issue additional cards for 

authorized users that you designate. You must notify us in writing of any termination of an authorized user's 
right to access your account. Your letter must include the name of the authorized user and your account 
number and/or any subaccount number issued to the authorized user along with the authorized user's card. 
If you cannot return the authorized user's card and if you request your account to be closed, we will close 
your account and you may apply for a new account.  

15.  CREDIT REVIEW AND RELEASE OF 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. If your 
account is eligible for emergency cash and/or emergency card replacement services, and you request 
such services, you agree that we may provide personal information about you and your account that is 
necessary to provide you with the requested service(s).  

16.  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 $1.00 or more, it will be 
refunded upon your written request or after six (6) months.  

17.  ADDITIONAL BENEFITS/CARD ENHANCEMENTS — The Credit Union may from time to time offer additional 

services to your account 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.  

18.  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, 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 $50.00 and was made in your state or within 100 miles of your home.  

19.  JOINT ACCOUNTS — If this is a joint account, each person on the account 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.  

20.  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.  

21.  NO WAIVER — The Credit Union can delay enforcing any of its rights any number of times without losing 

them.  

22.  STATEMENTS AND NOTICES — Statements and notices will be mailed to you at the appropriate address you 

have given the Credit Union. Notice sent to any one of you will be considered notice to all.  

23.  SEVERABILITY AND FINAL EXPRESSION — This Agreement and the Disclosure are the final expression of the 

terms and conditions of your account. This written Agreement and Disclosure may not be contradicted by 
evidence of any alleged oral agreement. Should any part of this Agreement or the Disclosure be found to 
be invalid or unenforceable, all other parts of this Agreement and Disclosure shall remain in effect and fully 
enforceable to the fullest extent possible under this Agreement.  

24.  COPY RECEIVED — You acknowledge that you have received a copy of this Agreement and Disclosure.  

25.  INTERNET GAMBLING TRANSACTIONS PROHIBITED — You may not use your card to initiate any type of 

electronic gambling transaction through the Internet.  

26.  PENALTY RATE DISCLOSURES — If applicable to your account, all rates for your account, including the rates 

for purchases, cash advances, and balance transfers, will increase to the Penalty Rate when you meet one 
or more of the conditions set forth in the Disclosure accompanying this Agreement.  Any rate increases 
applied to your account are subject to applicable notice requirements.  Please refer to the Disclosure for 
additional information regarding the Penalty Rate. 

27.  VOLUNTARY PAYMENT PROTECTION — We may offer Voluntary Payment Protection to you. Voluntary 

Payment Protection is not necessary to obtain credit. If you purchase Voluntary Payment Protection from us, 
you authorize us to add the fees or insurance charges monthly to your loan balance. At our option we will 
change your payment or the period of time necessary to repay the loan balance. The rate used to 
determine the fees or insurance charges may change in the future. If the rate changes, we will provide any 
notices required by applicable law.