G-13906

VERMONT Platinum Card Agreement & Disclosure1. Introduction.  This  Credit  Card  Agreement  (“Agreement”)  and 
the  Account  Opening  Disclosure  (“Disclosure”)  accompanying 
this  Agreement  will  govern  your  VISA®  VERMONT  Platinum 
Credit  Card.  In  the  Agreement  and  Disclosure,  the  words  “you,” 
“your,”  and  “yours”  mean  any  person  who  signs  the  application 
for this Account, any joint obligor, guarantor, authorized user, or 
the person whose name is embossed on the Card; the words “we,” 
“us,” “our,” and “credit union” mean VSECU and anyone to whom 
the credit union transfers this Agreement; the word “Card” means 
any  one  or  more  credit  cards  and  any  duplicates,  renewals,  or 
substitutions issued under the credit union’s Card program; and the 
word “Account” means your VISA revolving line of credit account 
with the credit union. Use of your Card(s) is your acknowledgment 
that you have received the Card(s) and are bound by the terms and 
requirements set forth in the Agreement and Disclosure.

2. Account/Card Use. If you are approved for an Account, we will 
establish  a  revolving  line  of  credit  for  you  and  notify  you  of  your 
credit limit. You agree that your credit limit is the maximum amount 
you have outstanding on your Account at any time. We reserve the 
right to increase or decrease your line of credit at any time for any 
reason. Any increase or reduction in the limit of your line of credit 
will  be  shown  on  your  monthly  statement  or  by  separate  notice 
together  with  any  changes  in  the  applicable  minimum  monthly 
payment.  To  request  an  increase  in  your  credit  limit,  contact  us 
at  802/800  371-5162.  We  have  the  right  to  refuse  to  make  an 
advance and/or terminate your Account at any time for any reason 
not prohibited by law.

You  may  use  your  Card  to  make  purchases  from  merchants  and 
others who accept your Card up to the full amount of your credit 
limit.  We  are  not  responsible  for  merchants  or  other  financial 
institutions that refuse to honor your Card. You may obtain cash 
advances from us or from other financial institutions that accept 
your Card; and to access your Account through balance transfers of 
credit card balances from other financial institutions.

You can also obtain cash advances from participating Automatic 
Teller  Machines  (ATMs)  that  accept  your  Card.  To  obtain  cash 
advances from an ATM, you must request a Personal Identification 
Number (PIN) for use with your Card. At such times, use of your PIN 
will be your signature for the purpose of requesting a cash advance. 
If  you  use  your  Card  at  an  ATM  that  is  not  operated  by  VSECU, 
you may be charged a fee by the operator of the machine, and/or 
by an automated transfer network, and, you may be charged for a 
balance inquiry even if you do not complete a transfer.

If you use your Card to purchase instruments or perform transactions 
that  we  consider  the  equivalent  of  cash,  they  will  be  posted  to 
your Account as Cash Advances. The transactions we consider the 
equivalent  of  cash  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 
illegal transactions. We reserve the right to refuse any transaction 
that would draw upon non-sufficient funds.

3. Promise to Pay.  You  promise  to  pay  all  charges  (purchases, 
cash  advances,  balance  transfers  and  any  other  charges)  to  your 
Account that are made by you or anyone you authorize to use your 
Account.  You  also  promise  to  pay  all  interest  charges  and  other 
charges added to your Account under the terms of this Agreement 
or another agreement you have with us. If this is a joint account, 
Section  21  below  also  applies  to  you  and  your  Account.  Your 
obligation  to  pay  the  Account  balance  continues  even  though  an 
agreement, divorce, decree, or other Court order to which we are 
not a party may direct you or one of the other persons responsible, 
to pay the Account.

4. Periodic Rates. The Disclosure included within this Agreement 
lists  periodic  rates  applicable  to  purchases,  cash  advances,  and 
balance  transfers.  These  rates  are  variable  as  indicated  in  the 
Disclosure.

5. Interest Charges.  The  total  outstanding  balance  of  purchases, 
cash advances, and balance transfers on the closing date of a billing 
cycle, including any Interest Charge will be shown on the monthly 
statement for that billing cycle as the “New Balance.”

  a.  Purchases.  You  can  avoid  paying  Interest  Charges  on  
  purchases by paying the entire New Balance of purchases each  
  month  by  the  Payment  Due  Date  on  your  monthly  statement.  
  Otherwise,  the  New  Balance  of  purchases  and  subsequent  
  purchases will be subject to Interest Charges from the date they  
  are posted to your account.

  b.  Cash  Advances  and  Balance  Transfers.  An  Interest  Charge  
  will  be  imposed  on  cash  advances  and  balance  transfers  from  
the date each advance/transfer is made to the date paid. There  
is no grace period for cash advances or balance transfers.

We  figure  the  interest  charge  on  your  account  by  applying  the 
periodic  rate  to  the  “average  daily  balance”  of  your  account.  To 
get  the  “average  daily  balance”  we  take  the  beginning  balance  of 
your account each day, add any new purchases, cash advances and  

VERMONT Platinum Card Agreement & Disclosure 
 
balance transfers, and subtract any payments or credits. This gives 
us  the  daily  balance.  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. This gives us the “average daily balance.” Fees are not 
included  in  the  calculation  of  the  average  daily  balance.  Interest 
charges  will  continue  to  accrue  on  your  Account  until  what  you 
owe under this Agreement is paid.

6. Foreign Transactions.  Purchases  and  cash  advances  made  in 
foreign countries and foreign currencies will be billed to you in U.S. 
dollars.  The  conversion  rate  to  dollars  for  VISA  Accounts  will  be 
at (i) the wholesale market rate or (ii) the government-mandated 
rate, whichever is applicable, in effect 1 day prior to the processing 
date. A fee calculated in U.S. dollars, will be imposed on all foreign 
transactions,  including  purchases,  cash  advances  and  credits  to 
your  Account.  A  foreign  transaction  is  any  transaction  that  you 
complete or a merchant completes on your Card outside the United 
States,  with  the  exception  of  U.S.  military  bases,  U.S.  territories, 
U.S. embassies or U.S. consulates.

7. Other Charges.  The  following  charges  will  be  added  to  your 
Account in addition to the periodic rate, if applicable. The charges 
and  explanations  are  included  within  the  Disclosure  in  this 
Agreement.

  a. Late Payment. If we have not received at least the minimum 
  payment  at  the  address  designated  on  the  statement  within  5  
  days of the Payment Due Date, a fee will be charged.

  b.  Foreign  Transaction.  For  transactions  made  outside  of  the  
  U.S. or in a foreign currency, a fee will be charged.

c.  Replacement  Card.  If  your  Card  is  lost  or  stolen,  or  if  for  
some other reason you request a new card be issued, you will  

  be charged a fee for each replacement card.

are  over  your  credit  limit.  In  addition  to  the  minimum  payment, 
you  must  also  pay,  by  the  payment  due  date,  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 credit 
limit.  You  agree  to  pay  at  least  the  minimum  payment  shown  on 
your monthly statement by the date specified on the statement or 
no later than 25 days from the statement closing date, whichever 
is  later.  We  have  the  right  to  demand  immediate  payment  of  any 
amount by which you are over your credit limit.

9. Crediting Payments. Payments are due by 5:00 pm EST, Monday 
through  Friday  (except  holidays)  via  mail  at  the  address  on  your 
statement,  in  person  or  online.  Payments  received  after  5:00  pm 
EST, or those received on a non-business day or via mail slot at the 
credit union are applied on the next business day.

10. Payment Allocation. Your minimum payment may be applied 
to what you owe the credit union in any manner the credit union 
chooses. If you make a payment in excess of the required minimum 
payment, the credit union will apply the excess amount first to the 
balance  with  the  highest  APR  and  any  remaining  portion  to  the 
other balances in descending order based on APR.

11. Security Interest.  You  give  us  a  security  interest  under  the 
Uniform Commercial Code and under any common law rights we 
may  have  in  any  goods  purchased  using  your  Account.  You  give 
us  a  security  interest  in  all  your  savings,  deposit  accounts,  and 
certificates  in  which  you  have  an  interest,  now  and  in  the  future, 
as  security  for  all  credit  advances  made  under  this  Agreement. 
Collateral securing other loans you have with us may also secure this 
loan. You agree, upon default, we may apply all that is secured to 
pay any amounts due under this Agreement, without further notice 
to you. This security interest will not apply to retirement accounts 
or to loans secured by real property or a dwelling.

  d.  Stop  Payment/Revocation  of  Authorization.  This  will  be  
charged to your Account for each stop payment/revocation of  
  authorization  (or  update  of  such  request)  placed  on  a  
  preauthorized payment.

If  you  secure  this  Account  using  funds  from  another  account  of 
yours  with  us,  you  may  not  withdraw  amounts  that  have  been 
pledged to secure your Account until we agree to release all or part 
of the pledged funds.

  e. Collection Costs. You agree to pay all costs of collecting the  
  amount  you  owe  under  this  Agreement,  including  but  not  

limited to, court costs and reasonable attorney fees.

8.  Payments.  The  minimum  payment  is  3.00%  of  your  New 
Balance, but not less than $25.00, plus the amount of any prior 
minimum payments that you have not made, and any amount you 

VERMONT Platinum Card Agreement & Disclosure 
 
 
 
Rights to Your Savings and Deposits

When you are in default, you give us a security interest in 
all present or future savings or deposits in the credit union 
excluding  those  in  an  Individual  Retirement  Account  and 
any  other  account  that  would  lose  special  tax  treatment 
under  federal  law  if  given  as  security.  In  the  event  of 
default,  this  security  interest  specifically  gives  us  the 
right  to  deduct  money  from  any  deposit  account(s)  you 
have with us (excluding those specified above) and apply 
it  towards  payment  of  any  money  you  owe  us  for  any 
minimum monthly payment due, or the entire outstanding 
balance if it has become due for any reason.

12. Default.  You  will  be  in  default  if:  (1)  you  fail  to  make  any 
minimum payment or other required payment by the date that it 
is due; (2) you break any promise you make under this Agreement; 
(3) you die, file for bankruptcy or become insolvent, that is, unable 
to pay your obligations when they become due; (4) you make any 
false  or  misleading  statements  in  any  credit  application  or  credit 
update; (5) something happens that the credit union believes may 
substantially  reduce  your  ability  to  repay  what  you  owe;  or  (6) 
you fail to maintain active membership in the credit union. Upon 
default, we have the right to demand immediate payment of your 
Account balance without giving you notice. If immediate payment 
is demanded, you agree to continue paying a interest charge, at the 
periodic rate charged before default, until what you owe has been 
paid,  and  any  pledged  funds  that  were  given  as  security  for  your 
Account may be applied towards what you owe.

13.  Liability  for  Unauthorized  Use/Lost  Card  Notification.  
You  may  be  liable  for  the  unauthorized  use  of  your  Card.  You 
agree  to  notify  us  immediately  of  the  loss,  theft  or  unauthorized 
use of your Card, orally by calling 802/800 371-5162 or by writing 
us  at  the  address  listed  on  your  bill.  If  you  notify  us  of  your  lost 
or  stolen  Card,  you  may  not  be  liable  for  any  losses  related  to 
unauthorized  transactions.  This  zero  liability  limit  will  apply  only 
if:  (i)  you  have  exercised  reasonable  care  in  safekeeping  your 
Card from risk of loss or theft; (ii) you have not reported two or 
more  incidents  of  unauthorized  use  to  us  within  the  preceding 
12  months;  and  (iii)  your  Account  is  in  good  standing.  This 
liability limit will apply, provided you: i) did not receive a benefit; 
ii)  the  unauthorized  use  of  your  Card  was  by  someone  without 
actual,  implied  or  apparent  authority  from  you;  or  iii)  you 
were  not  grossly  negligent  or  fraudulent  in  handling  your  Card.  

Transactions not covered under the zero liability are PIN transactions 
not processed by VISA.

You will not be liable for any unauthorized use that occurs after you 
notify  us.  You  may,  however,  be  liable  for  unauthorized  use  that 
occurs before your notice to us, not to exceed $50.00.

14.  Changing  or  Terminating  Your  Account.  From  time  to 
time,  we  may  change  the  terms  of  this  Agreement  including  the 
APRs within the Disclosure. Notice of any change will be given in 
accordance  with  applicable  law.  Use  of  your  Card  after  receiving 
notice  of  a  change  will  indicate  your  agreement  to  the  change.  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  by  us  will  not 
affect your obligation to pay the Account balance plus any interest 
and other charges you owe under this Agreement. Your obligation 
to  pay  the  Account  balance,  plus  any  interest  and  other  charges 
you  owe  us  under  this  Agreement,  are  subject  to  applicable  laws 
and  repayment  requirements.  You  are  also  responsible  for  all 
transactions  made  to  your  Account  after  termination,  unless  the 
transactions were unauthorized. The Card(s) you receive remain the 
property  of  the  credit  union  and  you  must  recover  and  surrender 
your  Card(s)  to  us  upon  request  or  upon  termination  of  this 
Agreement,  whether  by  you  or  by  us.  If  this  is  a  joint  account, 
Section  21  of  this  Agreement  also  applies  to  termination  of  
the Account.

15.  Changing  or  Terminating  Authorized  Users.  Upon  your 
request,  we  may  issue  additional  cards  to  authorized  users  you 
designate.  You  must  notify  us  in  writing  of  the  termination  of  an 
authorized  user’s  right  to  access  your  Account.  Your  letter  must 
include  the  name  of  the  authorized  user,  your  Account  number, 
and the authorized user’s Card. If you cannot return the authorized 
user’s Card and if you request your Account be closed, we will close 
your Account and you may apply for a new account.

16. Inactivity. We reserve the right to terminate the Account if there 
are no transactions in 1 year.

17. Non-Activation. If your Account is not activated within 60 days, 
we reserve the right to cancel the Account.

VERMONT Platinum Card Agreement & Disclosure18. Credit Information and Release of Information. You authorize 
us to obtain your credit standing when opening or reviewing your 
Account. You authorize us to disclose information regarding your 
Account  to  credit  bureaus  and  other  creditors  with  a  bona  fide 
interest in the information.

24.  Fraud  Protection.  We  may  temporarily  block  your  card, 
without  advance  notice,  if  charges  appear  to  be  suspicious.  
To ensure you have access to your Card while traveling, call 802/800 
371-5162 to let us know where you are traveling and the duration 
of your trip.

19. Returns and Adjustments. Merchants and others who honor 
your Card may give credit for returns or adjustments by sending us 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 to 
future purchases and cash advances. If the credit balance amount 
is $1.00 or more, it will be refunded upon your written request or 
automatically after 6 months.

20.  Additional  Benefits/Card  Enhancements.  We  may  offer 
additional  services  to  your  Account,  such  as  travel  accident 
insurance, 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.

21. Joint Accounts. If this is a joint account, each of you will be 
individually  and  jointly  responsible  for  paying  all  amounts  owed 
under this Agreement. This means that we can require any 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 for all of you.

22. Merchant Disputes. We are not responsible for the refusal by 
any merchant or financial institution to honor your Card. We are 
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. Refer to the section “Your 
Billing  Rights  -  Your  Rights  if  You  Are  Dissatisfied  With  Your 
Credit  Card  Purchases”  within  this  Agreement  for  additional 
information about merchant disputes.

23. Illegal Card Use. You agree not to use your Card(s) for illegal 
purposes  or  transactions,  including  but  not  limited  to,  illegal 
gambling.  You  may  not  use  your  Card  for  the  purchase  of  any 
goods or services on the Internet that involve gambling of any sort. 
In the event that a charge or transaction that is deemed illegal is 
approved and posted, you will still be responsible for such charges.

25. Effect of Agreement.  This  Agreement  is  the  contract  which 
applies to all transactions on your Account even if the sales, cash 
advances, credit or other slips you sign or receive contain different 
terms.

26. No Waiver. We can delay enforcing any of its rights any number 
of times without losing them.

27. Statements and Notices.  Statements  and  notices  will  be 
considered  effective  when  they  are  delivered  personally  to  you  or 
mailed, postage paid, to the most recent address on file with us. It 
is your responsibility to notify us in writing of any change of address. 
Notice from you will be considered effective when we receive it. If 
this is a joint account, we can notify one of you and the notice will 
be effective for all of you. Also, one of you can notify us, and we will 
consider it to be notice from all of you.

28. Severability and Final Expression. This Agreement is the final 
expression of the terms and conditions of this line of credit between 
you  and  us.  This  written  Agreement  may  not  be  contradicted  by 
evidence of any alleged oral agreement. If any part of this Agreement 
or the Disclosure is found to be invalid or unenforceable, all other 
parts  of  this  Agreement  and  Disclosure  remain  in  effect  and  fully 
enforceable under this Agreement.

29.  Voluntary  Payment  Protection.  We  may  offer  voluntary 
payment  protection  to  you.  This  protection  is  not  necessary  to 
obtain  credit.  If  you  choose  to  purchase  this  protection,  you 
authorize us to add the fees or insurance charges monthly to your 
loan balance and charge you interest on the entire balance. If the 
cost  changes,  we  will  provide  any  notices  required  by  applicable 
law. We may change your payment or the period of time necessary 
to repay the loan balance, if needed.

30. Signatures. By signing, using or permitting another party to use 
the  Card  issued  to  you,  you  agree  to  be  bound  by  the  terms  and 
conditions of this Agreement.

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.

VERMONT Platinum Card Agreement & DisclosureWhat to Do if You Think You Find a Mistake on Your Statement 
If  you  think  there  is  an  error  on  your  statement,  write  to  us  at: 
VSECU, PO Box 67, Montpelier, VT 05601-0067.

In your letter, give us the following information:

· Account Information: Your name and Account number.
· Dollar amount: The dollar amount of the suspected error.
· Description  of  Problem:  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 or electronically. 
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. 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.

  2.  Within  90  days  of  receiving  your  letter,  we  must  either  
correct the error or explain why we believe the bill was correct.

While  we  investigate  whether  or  not  there  has  been  an  error,  the 
following are true:

· 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:

  1. 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 
  2.  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 $50.00 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.  The  purchase  must  have  been  made  in  your  home  State  or  
  within  100  miles  of  your  current  mailing  address,  and  the  
than  $50.00. 
  purchase  price  must  have  been  more 
(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.)

  2.  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.

  3. 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:  VSECU,  PO  Box  67, 
Montpelier, Vermont 05601-0067.

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.

VERMONT Platinum Card Agreement & Disclosure 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Account Opening Disclosure

Interest Rate and Interest Charges
Annual Percentage Rate (APR) for Purchases 6.50%¹

 Vermont Based Rate or 

APR for Cash Advances

APR for Balance Transfers

Penalty APR & When it Applies
Paying Interest

Minimum Interest Charge
For Credit Cards Tips from the Consumer 
Financial Protection Bureau

10.50% Standard Rate; these APRs will vary with the market 
based on the Prime Rate.
10.50% Standard Rate; this APR will vary with the market 
based on the Prime Rate.
6.50% Vermont Based Rate; this APR will vary with the market 
based on the Prime Rate.
None
Your due date is at least 25 days after the close of each billing cycle. 
We will not charge you any interest on purchases if you pay your 
entire balance by the Payment Due Date each month. We will begin 
charging interest on Cash Advances and Balance Transfers on the 
transaction date.
None
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 www.consumerfinance.gov/learnmore.

Fees
Set-up and Maintenance Fees      Annual Fee None
Transaction Fees                  Balance Transfer 
None 
None 
                                                   Cash Advance 
1.00% of each transaction in U.S. dollars
                                          Foreign Transaction
Up to $25.00 
Penalty Fees                               Late Payment 
                                                   Over-the-limit
None

¹The  Vermont  Based  Rate  will  apply  to  purchases  identified  by 
the  merchant’s  processing  state  code.  This  is  contingent  on  how 
a  merchant  has  set  up  their  processing  system  and  if  they  use  a 
Vermont state code within their address for transactions processed 
by them. If the “Description” on your statement for a purchase has 
a Vermont state code in it, the Vermont Based Rate will apply to that 
purchase. For example, a description of ABC Company, Burlington, 
VT would receive the Vermont Based Rate; whereas a description of 
ABC Company, Newark, NJ would receive the Standard Rate.

How  We  Will  Calculate  Your  Balance:  We  use  a  method  called 
“average  daily  balance.”  Refer  to  the  section  “Interest  Charges” 
within the Agreement for more information.

Billing  Rights: Information on your rights to dispute transactions 
and how to exercise those rights is provided within the Agreement.

VERMONT Platinum Card Agreement & DisclosureOther Disclosures

Late Payment: Greater of: $20.00 or 5.00% of minimum payment, 
not to exceed $25.00.

Replacement Card: $10.00 standard; $40.00 expedited.

Stop  Payment/Revocation  of  Authorization:  $18.00  (initial 
request); $1.50 (update to initial request).

Periodic  Rates:  The  Vermont  Based  Rate  for  Purchases  and 
Balance Transfers is 6.50%¹ APR which is a monthly periodic rate 
of .5417%. The Standard Rate for Purchases and Cash Advances is 
10.50% APR which is a monthly periodic rate of .8750%.

Variable  Rate:  APRs  may  vary  and  are  determined  by  adding  a 
“Margin” to the “Index” (the National Prime Rate published in the 
Wall Street Journal.) The Index will be adjusted on the 10th day of 
each month or the business day preceding the 10th day if that day 
falls on a weekend or a holiday recognized by the Federal Reserve 
Bank. Any increase or decrease in an APR may result in an increase 
or decrease in the amount of your minimum monthly payment.

Margins: Vermont Based Rate — A margin of 3.25% is added to the 
Index. Standard Rate — A margin of 7.25% is added to the Index.

Voluntary Payment Protection: We may offer voluntary payment 
protection to you. This protection is not necessary to obtain credit. 
For  more  information,  please  refer  to  the  section  “Voluntary 
Payment  Protection”  within  the  Agreement  or  contact  us  at 
802/800 371-5162.

Collection  Costs:  You  promise  to  pay  all  costs  of  collecting  the 
amount you owe under the Agreement, including but not limited 
to, court costs and reasonable attorney fees.

Effective  Date:  The  information  in  this  Agreement  is  accurate  as 
of  November  1,  2012.  This  information  may  have  changed  after 
that  date.  To  find  out  what  may  have  changed,  contact  us  at  
802/800 371-5162.

Vermont State Employees Credit Union 
One Bailey Avenue, PO Box 67 
Montpelier, VT 05601-0067

Equal 
Opportunity 
Lender

This credit union is 
federally insured by NCUA

PLEASE 
RECYCLE

PC#2213       110510

eff: 11/12