� CUNA Mutual Group, 2006, 08, 19 ALL RIGHTS RESERVED  YVAAB1 (BXCV13)-e 1
                                    
 BUSINESS CREDIT CARD AGREEMENT 
 This Business Credit Card Agreement ("Agreement") includes this document, any letter, card carrier, card insert, addendums, any other document accompanying this Agreem ent, any application that you signed or submitted to the Credit Union, and any notification of changes to th is Agreement. The words "you" and "your" mean each person, each business or organization ("organization"), and each officer or owner of the organization who agrees to be bound by this Agreement as set forth below. The words we, our, us and "Credit Union" means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement. The word "card" means the Visa business credit card you receive from the Credit Union and any duplicates, renewals, or substitutions the Credit Union issues to you. The word "account" means the credit card line of credit account the Credit Union approves for you that is subject to this Agreement.  1. PERSONS BOUND.  By signing (in ink, electronically or digitally) any business loan application stating your agreement to be bound by this Agreement or by using the card or account we issue to you, or by authorizing an employee to use the card or account we issue to you, you agree to be bound by the terms of this Agreement.       If you are an officer or owner obtaining an account for your  organization, you agree to the terms of this Agreement in your personal capacity as well as your capacity as  an officer or owner authorized to bind the organization to  this Agreement. 2. USING YOUR ACCOUNT.  If you are approved for an  account, the Credit Union will establish a line of credit for you. The amount of your credit limit is set forth on the Addendum accompanying this Agreement. You agree that your credit limit is the maximum amount (purchases, finance charges, plus "other charges") that you will have outstanding on your account at any time. If you exceed yo ur credit limit, you must pay the amount you are over your limit plus any fees and unpaid finance charges before payment s will begin to restore your credit limit.             In addition, a fee may be imposed for exceeding your credit lim it. You may request an increase in your credit limit only by a method acceptable to the Credit Union. The Cred it 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. If you are permitted to obtain on your account, we may from time to time issue convenience checks to you that may be drawn on your account. 
 
3. STATEMENT OF BUSINESS PURPOSE. You agree that you have represented to us that you are obtaining your account for business purposes that all purchases, use of any convenience checks issued on your account and any other use of your account will only be for a busin ess purpose. You agree that you will never use your account for any personal, household or family purposes. 4. USING YOUR CARD.  You may use your card to make purchases from merchants and others who accept your card.  The Credit Union is not responsible for the refu sal 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 comp lete the transaction. In addition, the Credit Union may permit you to obtain from the Credit Union, from other financial institutions that accept your card, and from some automated teller machines (ATMs). (Not all ATMs may ac cept your card.) If the Credit Union authorizes ATM transactions with your card, it will issue you a personal identification number (PIN). To obtain from an ATM, you must use the PIN that is 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.         This paragraph shall not be interpreted as permitting or authorizing any transaction that is illegal.  5. RESPONSIBILITY.  You agree to pay all charges (purchases and any other charge) to your account that are made by you or anyone whom you authorize to use your account. You also agree to pay all finance charges and other charges added to your account under the terms of th is Agreement or another agreement you made with the Credit Union. If there is more than one person bound to this Agreement, each will be individually and jointly responsible for paying all amounts owed under this Agreement. If you are an organization, the officer or owner that obtained the account for the organization is also personally obligated for all charges made under the account. This means that the Credit Union can require any one of you to individually repay the entire amount owed under this Agreement. In addition each person bound under this Agreement as well as any authorized user may make purchases individually.  
                                                                                                                                                                                                                                                                              YVAAB1 (BXCV13)-e 26. INTEREST RATE.  The Interest Rates applicable to are disclosed on the Addendum that accompanies this Agreement. Any penalty rate that may be imposed is also  disclosed on the Addendum. These rates may be either fixed or variable as disclosed in the Addendum accompanyi ng this Agreement. If the rate for your account is fixed, the rate charged on purchases will be fixed and will not vary  from month to month unless we notify you in advance that the rate will change. If the rate for your account is variable, as indicated on the accompanying Addendum, the rate charged on purchases will vary periodically as disclosed in the Addendum accompanying this Agreement. 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 w ould 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 Addendum accompanying this Agreement. After the Introduct ory Rate period expires, the Interest Rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement. 7. FINANCE CHARGE CALCULATION METHOD FOR PURCHASES.  New purchases posted to your Account during a billing cycle will not incur a finance charge for that billing cycle if you had a zero or credit balance at the beginning of that billing cycle or you paid the entire New Balance on the previous cycle's billing statement by the Payment Due Date of that statement; otherwise a financ e charge will accrue from the date a purchase is posted to your Account. To avoid an additional finance charge on the balance of purchases, you must pay the entire New Balance on the billing statement by the Payment Due Date of that statement. For purchases, the finance charge is computed by applying the periodic rate to the average dai ly balance of purchases. To get the average daily balance of purchases, we take the beginning outstanding balance of purchases each day, add any new purchases, and subtract any payments and/or credits. This gives us the daily balance of purchases. Then, we add all the daily balances of purchases for the billing cycle together and divide the total by the number of days in the billing cycle.  This gives us the average daily balance of purchases. 8. OTHER CHARGES.  In addition to the Interest Rate, additional fees may be imposed on your account.        The amount and description of these fees are disc losed on the Addendum accompanying this Agreement.
 
9.   PAYMENTS.  Each month you must pay at least the minimum payment shown on your statement by the date specified on the statement. All payments must be made in U.S. dollars and if made by a negotiable instrument such as a check or money order, must be in a form accept able to us and drawn on a U.S. financial institution.   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 for your account is shown on the Addendum accompanying this Agreement. In addition to the minimum payment, you must also pay, by the date specified above, the amount of any prior minimum payment(s) that you have not made, all outstanding unpaid fees and charges, and any amount you are over your credi t limit. The Credit Union also has the right to demand immediate payment of any amount by which you are over your credit limit. Subject to applicable law, your payments may be applied to what you owe to the Credit Union in any manner the Credit Union chooses. We may accept checks marked "payment in full" or with words of si milar effect without losing any of our rights to collect the full balance of your account with us. 10.  FOREIGN TRANSACTIONS.
 Purchases made in foreign currencies will be debited from your account in U.S. dollars. The exchange rate used to convert foreign currency transactions to U.S. dollars is either a government- mandated exchange rate or a wholesale exchange rate an d is selected by Visa. The rate Visa uses for a particular transaction is the rate Visa selects for the applicable currency on the day the transaction is processed. This rate may differ from the rate applicable on the date the transaction occurred or was posted to your account. A fee (finance charge) will be charged on all transacti ons completed outside of the United States, where the cardholder�s country code differs from the merchant� s country code. All fees are calculated based on the transaction amount after it is converted to U.S. dollars. These fees are charged except where excluded.           The Foreign Transaction Fee is set forth on the Disclosure accompanying this Agreement. 11.  COLLECTION COSTS.  You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attorney's fee, as permitted by applicable state law.  12.  SECURITY INTEREST.  If you give the Credit Union a specific pledge of shares by signing a separate 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 Cr edit Union agrees to release all or part of the pledged amount. In addition, 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                                                                                                                                                                                                                                                                                  YVAAB1 (BXCV13)-e 3joint share accounts to pay any amounts due on your ac count 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.   13.  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; a) br eak any promise you make under this Agreement; b) exceed your credit limit; c) are a natural person, if you die;  d) are an organization, you cease to exist; e) are an organization, you change your legal structure so that the person obligating the organization to this Agreement is no longer authorized to bind it to legal agreements; f) file for bankruptcy or become insolvent; g) make any false or misleading statements in any credit application or credit update; or h) if something happens that the Credit Union believes may substantially reduce your ability to repay what you owe. When yo u are in default, the Credit Union has the right to demand immediate payment of your full ac count balance without giving you notice.              If immediate payment is demanded, you agree to continue pay ing finance charges, at the applicable interest rate, 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.  14.  CHANGING OR TERMINATING YOUR ACCOUNT . The Credit Union may change the terms of                   this Agreement and any attached Addendum from time to time. Notice of any change will be given in accordance with applicable law. If permitted by law, the change will appl y to your existing account balance as well as to     future transactions.   Either you or the Credit Union may terminate this Agreem ent at any time, but termination by you or the Credit Union will not affect your obligation to pay the accoun t balance plus any finance and other charges you owe under this Agreement. You are also responsible for all transactio ns 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.  The Credit Union has the right to require you to pay your full account balance at any time after your account is terminated, whether it is terminated by you or the Credit Union.   15.  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 includ e 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 and any convenience or other access checks issued to the authorized user. If you cannot return the authorized user's card or access checks and if you request your account to be cl osed, we will close your account and you may apply for a new account. 16.  LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION. You may be liable for the unauthorized use of your card or account. Notify us imm ediately, in writing or by telephone at the address or phone number included with this Agreement, if your ca rd is lost, stolen or you suspect there has been unauthorized use of your card or account. After we receive your notification, you will not be liable for any further unauthorized use of your card or account.  If you are an organization with 10 or more employees and we have issued 10 or more cards on your account for use by your employees, you will be liable for all unauthorized use  of your cards or account before notification to us unless your liability may be limited by Visa liabilit y limitation rules as set forth below. Otherwise, you will be liable for up to $50 for the unauthorized use of your card or  account before notification to us unless your liability is further limited by Visa liability limitation rules as set forth below. Unauthorized use does not include use of a card by an authorized user in an unauthorized manner.  If your card is a Visa, you may not be liable for any unauthorized transactions if you exercise reasonable care in safeguarding your card from risk of loss or theft and, upon discovering the loss or theft promptly report the loss or theft to us.  17. 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 wh o inquire about your credit standing. If your account is eligible for emergency cash and/or emergency card repl acement services, and you request such services, you agree that we may provide personal information about you an d your
  account that is necessary to provide you with the requested service(s). 18. 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.                                                                                                                                                                                                                                                                                        YVAAB1 (BXCV13)-e 4If your credits and payments exceed what you owe t he Credit Union, the amount will be applied against future purchases. If the credit balance amount is $1 or more , it will be refunded upon your written request or automatically after six (6) months. 19. ADDITIONAL BENEFITS/CARD ENHANCEMENTS .  The Credit Union may from time to time offer additional services to your account, such as travel accident insurance or a liability waiver progra m, 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. 20. EFFECT OF AGREEMENT.  This Agreement is the contract which applies to all transactions on your account even though the sales, 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.  Unless separate subaccounts have been set up under your account for authorized users, statements and notices will be mailed to you at the appropriate address you have given the Credit Union. You agree to notify us at least 10 days in  advance of any change in address. Notice sent to any one person bound under this Agreement will be considered notice to all. If we have agreed to send statements for subaccounts under your account that have been issued to authorized users, we will send statements to the appropriate address you have provided for that authorized user. You agree to notify us at least 10 days in advance of any change in address for an authorized user. Y ou are responsible for payment of all amounts shown on a statement delivered to an authorized user. 23. NOTIFICATION OF CHANGE IN LEGA L STRUCTURE, OFFICERS OR OWNERS . If you are an organization you agree to notify us within 10 days of any change in your legal structure or any change in your officers or owners.  24. SEVERABILITY AND FINAL EXPRESSION . This Agreement is the final expression of the terms and conditions of your account. This written Agreement may not be contradicted by evidence of any alleged oral agreement. Should any part of this Agreement be found to be invalid or unenforceable, all other parts of this Agreement shall remain in effect and fully enforceable to  the fullest extent possible under this Agreement.   25. GAMBLING TRANSACTIONS PROHIBITED.  You may not use your card to initiate any type of gambling transaction.  26. GOVERNING LAW. This Agreement is governed by the laws of the state of  Virginia. 27. NOTIFICATION INFORMATION FOR REPORTIN G LOST, STOLEN AND UNAUTHORIZED USE OF CARD. Notify us at once if your card has been lost or stolen or if you suspect that your card is being used without your permission at the following:    Phone: (866) 217-1039      24 Hours a Day Seven (7) Days a Week  Or write to:    Customer Service  Box 5054  Sioux Falls, SD 57117-5054