Arbor Financial Credit Union
1551 S. 9th Street
Kalamazoo, MI 49009
269-375-6702 or 800-442-7340
www.arborfcu.org

CREDIT CARD AGREEMENT AND
TRUTH-IN-LENDING DISCLOSURE STATEMENT

BORROWER 1 NAME

BORROWER 2 NAME

DATE

MEMBER NUMBER

IN THIS AGREEMENT, "YOU" AND "YOUR" MEAN ANY PERSON WHO ACCEPTS THIS AGREEMENT OR USES THE CARD. THE "CARD" MEANS ANY
CREDIT CARD ISSUED TO YOU OR THOSE DESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT
UNION"  MEANS  ARBOR  FINANCIAL  CREDIT  UNION  OR  ITS  SUCCESSORS.  BY  USING  YOUR  CARD,  YOU  AGREE  TO  ALL  OF  THE  TERMS  AND
CONDITIONS SET FORTH HEREIN.
The  following  disclosure  represents  important  details  concerning  your  credit  card.  This  statement  is  incorporated  into  and
becomes  a  part  of  your  Credit  Card Agreement.  We reserve  the  right  to  periodically  review  your  credit  standing  and  to
increase any rate on your new balances, in accordance with applicable law.

INTEREST RATES and INTEREST CHARGES:

Annual Percentage Rate (APR)
for Purchases, Cash Advances,
& Balance Transfers

Paying Interest

%

This APR will vary with the market based on the Prime Rate*.

Your due date is at least 21 days after we mail your billing statement. We will not
charge you interest on purchases if you pay your entire new purchase balance by the
due date each month. We will begin charging interest on cash advances and balance
transfers on the date the cash advance or balance transfer is posted to your account.

Minimum Interest Charge

None

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:

Fees to Open or Maintain your
Account

• Annual Fee:

• Application Fee:

Transaction Fees

• Balance Transfer:

• Cash Advance:

• Foreign Transaction:

Penalty Fees

• Late Payment:

• Over-the-Credit Limit:

• Returned Payment:

None

None

None

None

1% of each transaction in U.S. dollars if the transaction involves a currency conversion
1% of each transaction in U.S. dollars if the transaction does not involve a currency
conversion

Up to $25.00 if your payment is late 10 days or more
None

Up to $27.00 the first time your payment is returned for any reason. If a subsequent
payment is returned for any reason within the following 6 billing cycles, you will be
charged up to $35.00 for each returned payment.

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your
account agreement for more details.

Billing Rights: Information  on your rights to dispute transactions and how to exercise those rights is provided in your account
agreement.

9010 LASER FI19131 9-2016

SEE NEXT PAGE for more important information about this account
page 1 of 4

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

OTHER IMPORTANT DISCLOSURES:

Other Fees: In addition to the fees disclosed above, the following fees may be imposed:

Card Replacement Fee:
Statement Copy Fee:
Expedited Card Fee:
Phone Payment Fee:

$5.00
$2.00
$30.00
$10.00

Credit Limit: $______________.

THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.

YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL  SECURITY
INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE
WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT OF
CREDIT  EXTENDED  UNDER  THIS  AGREEMENT. YOU  ALSO  AGREE
THAT WE  HAVE SIMILAR  STATUTORY LIEN  RIGHTS  UNDER  STATE
AND/OR  FEDERAL  LAW. IF  YOU ARE  IN  DEFAULT, WE  CAN APPLY
YOUR SHARES TO THE AMOUNT YOU OWE.

Shares  and  deposits  in  an  Individual  Retirement  Account  or  any  other
account that would lose special tax treatment under state or federal law if
given are not subject to this security interest.

If  you  have  other  loans  with  us,  collateral  securing  such  loans  will  also
secure your obligations under this Agreement, unless that other collateral
is your principal residence or non-purchase money household goods.

Using Your Card.  You can  purchase  or  lease  goods  and  services  from  any
merchant  who  honors  your  Card,  and  you  may  obtain  cash  advances  from
financial  institutions  and  ATM  machines  that  accept  the  Card,  up  to  your
maximum  credit  limit.  You agree  not  to  present  your  Card  or  obtain  a  cash
advance  for  any  extension  of  credit  in  excess  of  your  available  credit  limit;
however,  if  you  do  exceed  your  credit  limit,  you  agree  to  make  immediate
payment  sufficient  to  bring  the  balance  below  the  credit  limit.  Certain
purchases and cash advances require authorization prior to completion of the
transaction. In some cases, you may be asked to provide identification. If our
system  is  not  working,  we  may  not  be  able  to  authorize  a  transaction,  even
though you have sufficient credit available. Also, for security reasons, we may
block  the  use  of  your  Card  in  certain  countries  or  geographic  areas.  We will
have no liability to you or others if any of these events occur.

(PIN). We  may 

Identification  Number 

issue  a  Personal
Personal 
Identification  Number  (PIN)  for  use  with  your  Card.  This  PIN  is  confidential
and should not be disclosed to anyone. You may use your PIN and your Card
to access your account, and all sums advanced will be added to your account
balance.  In  the  event  a  use  of  your  PIN  constitutes  an  Electronic  Funds
Transfer,  the  terms  and  conditions  of  your  Electronic  Funds  Transfer
Agreement may affect your rights.

Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,
cash  advances,  and  balance  transfers  made  by  you  or  anyone  whom  you
authorize  to  use  the  Card;  (b)  all  Interest  Charges  and  all  other  charges  or
fees;  (c)  collection  costs  and  attorney's  fees  as  permitted  by  applicable  law,
and any costs incurred in the recovery of the Card; and (d) credit in excess of
your credit limit that we may extend to you.
Minimum  Payment  Requirement:  The  Minimum  Payment  will  be  either  (a)
1.5% of your Total New Balance, or $10.00, whichever is greater; or (b) your
Total  New  Balance,  if  it  is  less  than  $10.00  plus  (c)  any  portion  of  the
Minimum  Payment(s)  shown  on  prior  statement(s)  which  remains  unpaid.  In
addition,  at  any  time  your Total New  Balance  exceeds  your  Credit  Line,  you
must immediately pay the excess amount.

Illegal Transactions. You agree that your Card and account will not be used
to make or facilitate any illegal transactions as determined by applicable law;
and that any such use will constitute an event of default under this Agreement.
We may decline any transaction that we believe to be illegal under applicable
law,  including  but  not  limited  to  any  transaction  involving  or  relating  to  any
gambling activity. You agree that we will have no liability or responsibility for
any  such  use  by  you  or  any  authorized  user(s);  or  for  declining  any  such
transaction.  You further  agree  to  indemnify  and  hold  us  harmless  from  any
suits,  liability, damages  or  adverse  action  of  any  kind  that  results  directly  or
indirectly  from  such  illegal  use.  You promise  to  pay  us  any  and  all  amounts
owing on your Card for any transactions made by you, even if the transaction
is determined to be illegal.

Joint Accounts. Each of you will be responsible, jointly and severally, for the
repayment  of  amounts  owed,  regardless  of  who  initiated  any  transaction
under the account.

Others Using Your Account. If  you allow anyone else to use your account,
you will be liable for all credit extended to such persons. You promise to pay
for  all  purchases  and  advances  made  by  anyone  you  authorize  to  use  your
account,  whether  or  not  you  notify  us  that  he  or  she  will  be  using  it.  If
someone  else  is  authorized  to  use  your  account  and  you  want  to  end  that
person's privilege, you must notify us in writing, and if he or she has a Card,
you must return that Card with your written notice for it to be effective.

Ownership  of  Card. Your  Card  remains  our  property  and  may  be  cancelled
by  us  at  any  time  without  notice.  You agree  to  surrender  your  Card  and  to
discontinue use of the account immediately upon our request.

Interest Charges. You agree to pay interest at the rate(s) disclosed to you at
the time you open your account and as may be changed from time to time in
accordance  with  applicable  law.  Average  Daily  Balance  including  new
transactions:  Interest  Charges  will  accrue  on  your  average  daily  balance
outstanding during the month. To get the average daily balance, we take the
beginning  balance  each  day,  add  any  new  purchases,  cash  advances,
balance  transfers  or  other  advances,  and  subtract  any  payments,  unpaid
interest  charges,  and  unpaid  late  charges.  This  gives  us  the  daily  balance.
Then, we add up all the daily balances for the billing cycle and divide that by
the number of days in the billing cycle. We then multiply that by the periodic
rate  corresponding  to  the  Annual  Percentage  Rate  on  your  account.  If  you
have  different  rates  for  purchases,  cash  advances  or  balance  transfers,
separate  average  daily  balances  for  each  will  be  calculated  and  the
appropriate periodic rate is then applied to each.
*Variable Rates:  The  Annual Percentage Rate may increase or decrease if
the highest rate of interest identified as the 'Prime Rate' in the 'Money Rates'
column  of  the  Wall  Street  Journal increases  or  decreases.  The  Annual
Percentage  Rate  will  be  equal  to  the  Prime  Rate  plus  a  margin  of:
__________%.  The  interest  rate  can  change  quarterly  on  the  first  day  of
January, April,  July, and  October  following  a  change  in  the  Prime  Rate.  The
rate  cannot  increase  by  more  than  2.00  percentage  points  per  quarter. The
Annual  Percentage  Rate  will  never  be  more  than  18.00%. Any  increase  will
lengthen the time it takes to pay off your loan.
Daily  Periodic  Rate: Purchases,  Cash  Advances,  and  Balance  Transfers:
____________%.
Grace  Period  on  Purchases  Only: You  can  avoid  Interest  Charges  on
purchases by paying the full amount of the new balance for purchases each
month by the date on which the payment is due. Otherwise, the new balance
of your account, and subsequent advances from the date they are posted to
the account, will be subject to an Interest Charge. You cannot avoid Interest
Charges on cash advances and balance transfers; even if you pay the entire
cash advance balance or balance transfer balance by the payment due date,
you will incur the Interest Charges accrued from the date the cash advance or
balance transfer is posted to your account.

Fees.  In  addition  to  the  Interest  Charges  set  forth  above,  you  agree  to  also
pay any and all fees that you incur as disclosed to you during the term of your
Card, including:

Foreign  Transaction  Fee:  1%  of  each  transaction  in  U.S.  dollars  if  the
transaction involves a currency conversion, 1% of each transaction in U.S.
dollars if the transaction does not involve a currency conversion;
Late Payment Fee: Up to $25.00 if your payment is late 10 days or more;
Returned  Payment  Fee: Up  to  $27.00  the  first  time  your  payment  is
returned  for  any  reason.  If  a  subsequent  payment  is  returned  for  any
reason  within  the  following  6  billing  cycles,  you  will  be  charged  up  to
$35.00 for each returned payment.

page 2 of 4

If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You agree
to notify us immediately if your Card is ever lost or stolen or if an unauthorized
use  may  have  occurred.  "Unauthorized  use"  means  the  use  of  the  Card  by
someone  other  than  you  who  does  not  have  actual,  implied  or  apparent
authority  for  such  use,  and  from  which  you  receive  no  benefit.  The  telephone
number to call is (800) 369-4887. You agree to follow up your call with notice in
writing to us at: Customer Service, PO Box 30495, Tampa, FL 33630. You also
agree  to  assist  us  in  determining  the  facts,  circumstances  and  other  pertinent
information relating to any loss, theft or possible unauthorized use of your Card
and  comply  with  such  procedures  as  we  may  require  in  connection  with  our
investigation.  You  will  be  liable  for  any  unauthorized  use  only  if  we  can  prove
that  you  were  grossly  negligent  in  your  use  or  handling  of  your  Card,  or  if  we
can prove that you used your Card fraudulently.

Minimum  Payment  Due;  Crediting  of  Payments.  Payments  are  due  in  the
amount and on the date disclosed on your billing statement. If your payment is
received by us on a business day at the address and by the time designated on
the billing statement, it will be credited to your account on the date of receipt. If
payment  is  made  at  any  location  other  than  the  address  designated  on  the
periodic statement, credit for such payment may be delayed up to five (5) days.
Payments will be applied in any order we determine, subject to applicable law.

Default; Acceleration;  Credit  Suspension;  Collection  Costs.  You  will  be  in
default if: (1) you fail to make any payment on time; (2) if you fail to keep any
promises you have made under this Agreement or under other Agreements you
have  with  us;  (3)  if  you  die;  (4)  if  you  file  a  petition  in  bankruptcy  or  have  a
bankruptcy  petition  filed  against  you,  or  if  you  become  involved  in  any
insolvency, receivership or custodial proceeding; (5) if anyone attempts to take
any of your funds held by us via legal process or if you have a judgment or tax
lien  filed  against  you;  (6)  if  you  make  any  false,  inaccurate,  or  misleading
statements in any credit application or credit update; or (7) if we, in good faith,
believe  that  your  ability  to  repay  what  you  owe  is  or  soon  will  be  impaired,  or
that you are unwilling to make your payments.
If you are in default, we have 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 interest charges and fees 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.  You  agree  to  pay  all  reasonable  costs  of
collection,  including  court  costs  and  attorney's  fees,  and  any  costs  incurred  in
the recovery of the Card, subject to applicable law. Even if your unpaid balance
is  less  than  your  credit  limit,  you  will  have  no  credit  available  during  any  time
that any aspect of your account is in default.

Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time  offer
additional services to your Account at no additional cost to you. You understand
that  we  are  not  obligated  to  offer  such  services  and  may  withdraw  or  change
them at any time.

Convenience  Checks.  We  may,  at  our  discretion,  issue  checks  to  you  which
may  be  used  for  any  purpose  other  than  making  a  payment  for  credit  to  your
account. By signing such check, you authorize us to pay the item for the amount
indicated and post such amount as a cash advance to your account. We do not
have  to  pay  any  item  which  would  cause  the  outstanding  balance  in  your
account to exceed your credit limit.

Credit  Information.  We  may  from  time  to  time  request  personal  information
from  you  or  obtain  credit  reports  from  the  credit  reporting  agencies  for  the
purpose of updating your credit status. Your failure to provide such information
when  requested  by  us  may  result  in  suspension  of  credit  privileges  under  this
Agreement, including your ability to obtain any future advances by any means.
You authorize us to investigate your credit standing when opening or reviewing
your account. You authorize us to disclose information regarding your account to
credit bureau and creditors who inquire about your credit standing.

Foreign Transactions; Currency Conversion. Purchases and cash advances
made in foreign currencies will be billed to you in U.S. dollars. The conversion
rate in dollars will be a rate selected by the card company from a range of rates
available  in  wholesale  currency  markets  for  the  applicable  central  processing
date, which rate may vary from the rate the card company itself receives, or the
government-mandated rate in effect for the applicable central processing date in
each  instance. All  transactions  processed  outside  of  the  United  States  (which
may include internet transactions) will be charged a foreign transaction fee in the
amount disclosed on your Truth-in-Lending Statement (as amended from time to
time).

Termination  -  Generally;  Change-in-Terms.  We  may,  by  written  notice,
terminate  this  Agreement  at  any  time,  subject  to  applicable  law.  You  may
terminate  this Agreement  by  written  notice.  Termination by  either  party  shall
not affect your obligation to repay any balance on your account resulting from
use  of  the  Card  as  well  as  Interest  Charges  and  fees  incurred.  We  may
change  the  terms  of  this Agreement,  including  the  method  of  calculating  the
periodic rate, at any time, by written notice, subject to applicable law. Use of
the  Card  constitutes  agreement  and  acceptance  of  any  change  in  terms,
unless  applicable  law  requires  otherwise.  Our  failure  to  exercise  any  of  our
rights or to take any action shall not constitute a waiver of those rights, or an
amendment or change in any of the terms of this Agreement.

Termination  -  Credit  Union  Membership. Closing  of  credit  union  Share
Savings account terminates your status as a member of the credit union, and
upon  closing,  you  will  no  longer  be  able  to  obtain  credit  with  this  credit  card
with no prior written notice. Such termination shall not affect your obligation to
repay any balance on your account resulting from use of the Card as well as
Interest Charges and fees incurred.

total 

increase  your 

Late  or  Partial  Payments. Any  payment  that  delays  the  reduction  of  your
balance  will 
interest  costs.  Partial  payments  or
prepayments will not delay your next scheduled payment - you will still need
to make the minimum scheduled payment by the next scheduled due date to
keep your account current. We may accept late payments, partial payments,
checks  or  money  orders  marked  "payment  in  full"  and  such  action  shall  not
constitute  final  settlement  of  your  account  or  a  waiver  or  forgiveness  of  any
amounts owing under this Agreement.

Enforcement. We do not lose our rights under this or any related agreement
if we delay enforcing them. If any provision of this or any related agreement is
determined  to  be  unenforceable  or  invalid,  all  other  provisions  remain  in  full
force and effect.

Returns and Adjustments. Merchants  and others who honor  the Card may
give  credit  for  returns  or  adjustments,  and  they  will  do  so  by  submitting  a
credit slip which will be posted to your account. If your credits and payments
exceed what you owe us, the amount will be applied against future purchases
and  cash  advances.  If  the  credit  balance  amount  is  $1  or  more,  it  will  be
refunded upon your written or verbal request.

Plan Merchant Disputes. We  are not responsible for the refusal of any plan
merchant  or  financial  institution  to  honor  your  Card.  Also,  we  are  not
responsible for goods or services that you purchase with the Card unless: (a)
your  purchase  was  made  in  response  to  an  advertisement  we  sent  or
participated in sending you; or (b) your purchase cost more than $50 and was
made  from  a  plan  merchant  in  your  state  or  within  100  miles  of  your  home;
and  only  if  you  have  made  a  good  faith  attempt,  but  have  been  unable  to
obtain  satisfaction  from  the  plan  merchant.  You  must  resolve  all  other
disputes directly with the plan merchant. We do not warrant any merchandise
or services purchased by you with the Card.

Statements and Notices. Statements and notices will be mailed to you at the
most recent postal address or e-mail address (if you have elected to receive
such documents via electronic means) you have given us. Notice sent to any
one of you will be considered notice to all.

Notification  of Address  Change.  You  will  notify  us  promptly  if  you  change
your  address  for  any  reason.  In  order  to  prevent  identity  theft,  your  identity
may need to be verified before we act upon the notification.

Copy  Received. You  acknowledge  that  you  have  received  a  copy  of  this
Agreement.

Governing  Law. This  Agreement  shall  be  construed  under  federal  law  and
state law in the state in which we are primarily located, and the venue shall be
located  in  the  county  and  state  in  which  we  are  primarily  located.  Operating
regulations of Visa may also apply. This Agreement is the contract that applies
to all transactions even though the sales, cash advance, convenience check,
credit or other slips you sign or receive may contain different terms.

NOTICE  TO  UTAH  BORROWERS: This  written  agreement  is  a  final
expression of the agreement between you and the Credit Union. This written
agreement may not be contradicted by evidence of any oral agreement.

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YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE

This notice tells you about your rights and our responsibilities under the
Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement

If you think there is an error on your statement, write to us at the address(es)
listed on your statement.

In your letter, give us the following information:

1.
2.
3.

Your name and account number.
The dollar amount of the suspected error.
If  you  think  there  is  an  error  on  your  bill,  describe  what  you  believe  is
wrong and why you believe it is a mistake.

You must contact us:

•
•

Within 60 days after the error appeared on your statement.
At  least  3  business  days  before  an  automated  payment  is  scheduled,  if
you want to stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you
do, we are not required to investigate any potential errors and you may have
to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1.

2.

Within 30 days of receiving your letter, we must tell you that we received
your letter. We will also tell you if we have already corrected the error.
Within 90 days of receiving your letter, we must either correct the error or
explain to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

•

•

•

•

We  cannot  try  to  collect  the  amount  in  question,  or  report  you  as
delinquent on that amount.
The  charge  in  question  may  remain  on  your  statement,  and  we  may
continue to charge you interest on that amount.
While you do not have to pay the amount in question, you are responsible
for the remainder of your balance.
We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

•

•

If we made a mistake: You will not have to pay the amount in question or
any interest or other fees related to that amount.
If we do not believe there was a mistake: You will have to pay the amount
in  question,  along  with  applicable  interest  and  fees.  We  will  send  you  a
statement of the amount you owe and the date payment is due. We may
then report you as delinquent if you do not pay the amount we think you
owe.

If you receive our explanation but still believe your bill is wrong, you must write
to  us  within  10  days  telling  us  that  you  still  refuse  to  pay. If  you  do  so,  we
cannot  report  you  as  delinquent  without  also  reporting  that  you  are
questioning  your  bill.  We  must  tell  you  the  name  of  anyone  to  whom  we
reported you as delinquent, and we must let those organizations know when
the matter has been settled between us.

If we do not follow all of the rules above, you do not have to pay the first $50
of the amount you question even if your bill is correct.

Your Rights If You Are Dissatisfied With Your Credit Card Purchases

If you are dissatisfied with the goods or services that you have purchased with
your credit card, and you have tried in good faith to correct the problem with
the merchant, you may have the right not to pay the remaining amount due on
the purchase.

To use this right, all of the following must be true:

1.

2.

3.

The  purchase  must  have  been  made  in  your  home  state  or  within  100
miles of your current mailing address, and the purchase price must have
been  more  than  $50.  (Note:  Neither  of  these  are  necessary  if  your
purchase was based on an advertisement we mailed to you, or if we own
the company that sold you the goods or services.)
You must have used your credit card for the purchase. Purchases made
with  cash  advances  from  an  ATM  or  with  a  check  that  accesses  your
credit card account do not qualify.
You must not yet have fully paid for the purchase.

If  all  of  the  criteria  above  are  met  and  you  are  still  dissatisfied  with  the
purchase, contact us in writing at the address(es) listed on your statement.

While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as
discussed  above.  After  we  finish  our  investigation,  we  will  tell  you  our
decision. At that point, if we think you owe an amount and you do not pay, we
may report you as delinquent.

page 4 of 4