credits and payments exceed what you owe the Credit Union, the amount 
will be applied against future purchases and cash advances. If the amount 
is $1 or more, it will be refunded upon your written request or automatically 
after six months.

15.  Foreign  Transactions.  Purchases  and  cash  advances  made  in 
foreign currencies will be billed to you in U.S. dollars. Transactions processed 
outside of  the  United  States, or  in  a foreign  currency may be charged  a 
foreign transaction fee, regardless of whether there is a currency conversion 
associated with the transaction. The conversion rate in dollars will be 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  in  each  instance,  plus 
the percentage point fee as stated on the Disclosure of Fees and Charges 
charged by the Issuer.

16.  Merchant  Disputes.    The  Credit  Union  is  not  responsible  for  the 
refusal of any merchant or financial institution to honor the 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 and was made in your state or within 
100 miles of your home.

17.  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.

18.  No Waiver.  The Credit Union can delay enforcing any of its rights any 
number of times without losing them.

19  Statements and Notices. You will receive a statement each month 
showing  transactions  on  your  account.  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. You agree to 
promptly notify the Credit Union if you change your mailing address.

20.  Transfer of Account. You cannot transfer or assign your account to 
any other person.

21.  Governing Law. This Agreement and your account shall be governed 
by California law without regard to any conflict of law rules.

AdditionAl disclosures ApplicAble to 
convenience checks
Convenience Checks. We may send you Convenience Checks which can 
be used to obtain cash or pay for goods or services up to the amount of your 
available credit limit unless the amount will cause you to exceed your credit 
limit.  In  such  cases  these  Convenience  Checks  will  be  charged  against 
your credit limit, processed as cash advances and accumulate FINANCE 
CHARGES  from  the  date  the  check  posts  to  your  Account,  pursuant  to 
paragraph 5 above. Convenience Checks may only be used by the person 
whose name is printed on them. You may not use Convenience Checks to 
pay any amount which you owe us under this Agreement. We will not return 
any paid convenience checks to you.

Using  the  Convenience  Check.  To  make  a  purchase,  present  your 
Convenience  Check  to  any  participating  merchant.  To  request  a  cash 
advance,  present  your  Convenience  Check  to  us  or  any  participating 
financial institution.

Reasons  Not  to  Honor  a  Convenience  Check.    We  may  decline  to 
honor your Convenience Check if you are over your credit limit, you are 
in  default,  your  Account  privileges  have  been  canceled,  or  your  card 
has expired. A fee stated in the Disclosure of Fees and Charges will be 
assessed for each convenience check that is returned to the Credit Union 
for non-sufficient funds.

Stop  Payment  of  Convenience  Checks. You  may  stop  payment  on  a 
Convenience  Check  by  notifying  us  in  writing  at  the  address  shown  on 
your monthly statement or by calling us at 877.254.9328. If you call, you 
must confirm the request in writing within fourteen (14) days. A written stop 
payment order will remain in effect for six (6) months and then it will lapse 
unless renewed in writing. You will be assessed a stop payment fee as stated 
on the Disclosure of Fees and Charges. 

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 
share account or share draft 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 finances 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 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 to 
us within ten days telling us that you still refuse to pay, we must tell anyone 
we reported 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. 

©2013 Simply Legal - All Rights Reserved
CU STORE  # 7018    Custom                G-10561          Orig. 05/11/13   PTD 05/13

Credit Card Disclosure and Agreement

eFFective June 1, 2013

Western Federal Credit Union
PO Box 10018
Manhattan Beach, CA 90267

478-7018-variable-6pnl-may13.indd   1

5/20/2013   8:10:46 PM

VARIABLE RATE CREDIT CARD 
AGREEMENT

NOTICE:  See  reverse  side  for  important  information  regarding  your 
rights to dispute billing errors.

SEE  THE  ACCOUNT  OPENING  DISCLOSURE  WHICH 
ACCOMPANIES THIS AGREEMENT

In  this  Agreement,  the  words  (“you”)  and  (“your”)  mean  the  person  or 
persons who use or authorize the use of, or who sign an application for, 
a Western Federal Credit Union VISA Variable Rate Credit Card. (“Card”) 
means the Western Federal Credit Union VISA Variable Rate Credit Card 
and any duplicates and renewals the Credit Union issues to you.  (“Account”) 
means your VISA Variable Rate Credit Card Line of Credit Account with 
the Credit Union. (“Credit Union”) means Western Federal Credit Union.

Using  the  Account.  If  your  application  for  a VISA Variable  Rate 
1. 
Credit  Card  account  is  approved,  Western  Federal  Credit  Union  will 
establish  a line of  credit  for  you  and  notify you  of  its amount  when the 
card is sent to you. You agree not to let your account balance exceed your 
approved credit limit. Each payment you make on the account will restore 
your  credit  limit  by  the  amount  of  the  payment  which  is  applied  to  the 
principal amount of purchases and cash advances.  You may also use the 
credit extended herein as an overdraft source for your Checking Account.  
You may request an increase in your credit limit online, by telephone, or by 
written application submitted to the Credit Union. Western Federal Credit 
Union has the right to reduce or terminate your credit limit at any time, as 
permitted by law.

Using  the  Card. You  may  use  your  Card  to  purchase  goods  and 
2. 
services  in  person,  and  by  mail,  Internet,  or  telephone,  from  merchants 
and others who accept VISA Credit Cards. In addition, you may obtain cash 
advances from the Credit Union, from other financial institutions or select 
merchants  participating  in  the VISA  program  and  from  automated  teller 
machines (“ATMs”), such as VISA ATM Network, that provide access to the 
VISA system. (Not all merchants or ATMs provide such access.) You will 
need to use your Personal Identification Number (“PIN”) to obtain a cash 
advance from an ATM.

Illegal  Use  of  VISA  Credit  Card.    You  agree  that  your  VISA 
3. 
Variable Rate Credit Card Account will not be used to make or facilitate 
any transaction(s) that are or might be construed to be illegal pursuant 
to applicable law, rule or ordinance, including but not limited to gambling. 
Said use, including any such authorized use, will constitute an event of 
default  under  this  Agreement.   You  agree  that  the  Credit  Union  has  no 
liability, responsibility or culpability whatsoever for any such use by you or 
any authorized user(s).  You agree that you are responsible for repayment 
of any and all debts incurred for these transactions. You further agree to 
indemnify  and  hold  the  Credit  Union  harmless  from  any  suits,  liability, 
damages or adverse action of any kind that results directly or indirectly 
from such illegal use.

Responsibility. You agree to pay all charges (purchases and cash 
4. 
advances) to your account made by you or anyone who you authorize to 
use your account. You also agree to pay all other charges added to your 
account, pursuant to Paragraph 6 below. Your obligation to pay the amount 
owed on your account continues until paid in full even though an agreement, 
divorce decree or other court judgment to which the Credit Union is not a 
party may direct someone else to pay the account balance. Each of you 
who signs the application for a card, or who use the account is individually 
and jointly responsible for all amounts owed on this account. 

Finance  Charges.  In  order  to  avoid  a  FINANCE  CHARGE  on 
5. 
purchases  made  since  your  last  statement  date,  you  must  pay  the Total 
New Balance shown on your statement by the Payment Due Date shown.  
Otherwise  the  FINANCE  CHARGE  on  purchases  is  calculated  from  the 
beginning  of  the  next  statement  period  on  previously  billed  but  unpaid 
purchases and on new purchases from the date they are posted to your 
account. Cash advances are always subject to a FINANCE CHARGE from 
the date they are posted to your account. There is no grace period for cash 
advances, balance transfers, overdraft privilege, or Convenience Checks.

visA vAriAble rAte Account
VISA  Variable  Rate  Accounts  will  be  subject  to  a  FINANCE  CHARGE 
(interest)  at  an  ANNUAL  PERCENTAGE  RATE  and  a  corresponding 
Monthly  Periodic  Rate  which  will  be  a  standard  variable  (floating)  rate 

based upon an index, plus a margin for purchases, balance transfers and 
cash advances. The margin applicable to your account will be determined 
by your creditworthiness. 

Index
The Index is Prime Rate (“Index”). Information about this Index is published 
in the Money Rates Table of the Wall Street Journal.  

Rate Changes

The ANNUAL PERCENTAGE RATE may change on the first (1st) day each 
calendar month. These are known as Rate Change Dates. The Index value 
used  for  a  given  billing  cycle  will  be  the  value  published  thirty  (30)  days 
before the Rate Change Date or the most recently published value published 
before the Rate Change Date. If more than one rate is published, the Index 
will be the highest of the rates published. If the Index ceases to be published, 
the Credit Union will choose a new Index and give you notice of its choice.

Determination of Annual Percentage Rate

The Credit Union will add a margin depending on your credit score to the 
Index to get the ANNUAL PERCENTAGE RATE applicable to your Account 
for the billing cycle.  

Notification of a margin that applies to purchases, balance transfers 
and cash advances which you have been approved for was provided 
on the New Account Letter and Account Opening Table delivered to 
you upon completion of the credit review and approval.  

ANNUAL  PERCENTAGE  RATE  for  the  billing  cycle  will  be  divided  by 
twelve (12) to get the corresponding Monthly Periodic Rate for the billing 
cycle. An increase or decrease in the Prime Rate will lead to an increase 
or decrease in your ANNUAL PERCENTAGE RATE and the corresponding 
Monthly Periodic Rate applicable to your Account.  If the Index ceases to 
be published, the Credit Union will choose a new Index and give you notice 
of its choice. 

Limitations on Changes

There is no limit on the amount by which the rate changes in any one-
year  period.  The  maximum  ANNUAL  PERCENTAGE  RATE  that  can 
apply is 18.00%. 

Annual Percentage Rate Example

Based upon a margin of 5.99% (your margin may be different depending on 
your credit score), plus an Index value of 3.25%, (which was the value of 
the Index on May 1, 2013), your Account would be subject to a FINANCE 
CHARGE (interest) at an ANNUAL PERCENTAGE RATE of 9.24%, with a 
corresponding Monthly Periodic Rate of 0.77%. 

On the first (1st) day of each calendar month and on each subsequent 
change date, the ANNUAL PERCENTAGE RATE and the corresponding 
Monthly  Periodic  Rate  will  be  calculated  according  to  the  formula 
described above.

If you do not agree with the terms and conditions of this agreement, 
please destroy the card at once by cutting it in half and mail it back to 
the Credit Union with your instructions to close the account.

6.  Other Charges. The following Other Charges will be added to your 
account, as applicable, please see the Credit Union’s Disclosure of Fees 
and Charges:

•    CASH ADVANCE FEE (FINANCE CHARGE): You will be charged a cash 
advance fee as stated on the Disclosure of Fees and Charges.  This fee 
will apply for overdrafts to a Credit Union Checking Account. 

•   BALANCE TRANSFER FEE (FINANCE CHARGE): You will be charged a 
balance transfer fee as stated on the Disclosure of Fees and Charges.
•    COPIES:  If you request a copy of any document, we may charge your 
account per copy requested.  If your request is related to a billing error 
and an error is found, we will credit any copying charges to your account.
•    LATE PAYMENT FEE: We reserve the right to charge a late payment fee 
to your account each billing period that the minimum monthly payment is 
not received by 1 day after the payment due date.

•    RETURNED  PAYMENTS:  A  fee  will  be  assessed  for  each  payment 

returned to the Credit Union unpaid.

Change  in Terms;  Changing  or Terminating Your  Account.  The 
7. 
Credit  Union  may  change  the  terms  of  this  Agreement,  including  your 
ANNUAL  PERCENTAGE  RATE,  from  time  to  time  for  any  reason  not 
inconsistent with applicable law after giving you any advance notice required 

by law. Your use of the card after receiving notice of a change will indicate 
your agreement to the change. To the extent the law permits, and except 
as otherwise indicated in the notice to you, the change will apply to your 
existing account balance as well as to future transactions. Either the Credit 
Union  or  any  one  of  you  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. The 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.

8.  Monthly Payment. The minimum payment is 2% of your Total New 
Balance  but  not  less  than  $10,  plus  the  amount  of  any  prior  minimum 
payments  that  you  have  not  paid,  unpaid  charges,  and  any  over  limit 
balances. In addition, if at any time your Total New Balance exceeds your 
credit limit, you must immediately pay the excess upon demand. Subject to 
applicable law, your payments will be applied to what you owe the Credit 
Union in any manner the Credit Union chooses.

Default.    You  will  be  in  default  if  you  fail  to  make  any  minimum 
9. 
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 which 
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 
immediately  terminate  this  Agreement  and  demand  immediate  payment 
of your full account balance. If immediate payment is demanded, you will 
continue to pay a FINANCE CHARGES, at the periodic rate charged before 
default, until what you owe has been paid, and any shares that were given 
as security will be applied towards what you owe.  To the extent permitted by 
law, you will also be required to pay the Credit Union’s collection expenses, 
including court costs and reasonable attorney’s fees.

10.  Lost or Stolen Card Notification. If you believe your credit card has 
been lost or stolen, or if you believe someone is using your card without your 
permission, immediately notify the Credit Union by calling 877.254.9328.
You will not be liable for unauthorized use that occurs after you notify the 
Credit Union of the loss, theft, or possible unauthorized use of the card. You 
agree to cooperate fully in any investigation the Credit Union may conduct 
in connection with the loss, theft, or possible unauthorized use of your card.

11.  Liability  for  Unauthorized  Use.  If  there  is  unauthorized  use  on 
your consumer VISA Variable Rate Credit Card your liability will be zero 
($0.00).    This  provision  limiting  your  liability  does  not  apply  to  either 
VISA commercial cards, ATM cash disbursements, or non-VISA PIN-less 
debit transactions. Additionally, your liability with respect to unauthorized 
transactions may be greater than the above limit, to the extent allowed 
under applicable law, if the Credit union reasonably determines, based 
on substantial evidence, that you were grossly negligent or fraudulent in 
the handling of your account or card.

12.  Overdraft  Privilege.  You  agree  that  if,  pursuant  to  any  overdraft 
privilege on a Credit Union Checking Account, there is an overdraft of your 
Checking Account, the amount of overdraft will be added to the outstanding 
balance of your VISA Variable Rate Credit Account subject to the FINANCE 
CHARGE set forth in Paragraph 5 and you will be assessed a cash advance 
fee pursuant to Paragraph 6.  Further, you will be subject to all terms and 
conditions of this Agreement. The VISA Account must be current and not 
over the credit limit for funds to transfer to the Checking Account. Overdrafts 
are not allowed for the purpose of making loan payments, including VISA 
payments, at the Credit Union, ATM or in-branch teller cash withdrawals. The 
Checking Account referred to herein is also subject to a separate agreement 
between you and the Credit Union. Where the terms of any other agreement 
between you and the Credit Union conflict with the terms of this agreement, 
the terms of this agreement will control.

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.  You  are 
hereby notified that a negative credit report reflecting on your credit record 
may be submitted to a credit reporting agency if you fail to fulfill the terms 
of your credit obligations.

14.  Returns and Adjustments. Merchants and others who honor the 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 

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