BLACKHAWK
CREDIT CARD AGREEMENT AND
COMMUNITY
TRUTH-IN-LENDING DISCLOSURE STATEMENT
CREDIT UNION
BORROWER 1 NAME
ACCOUNT NUMBER
BORROWER 2 NAME
DATE
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 Blackhawk Community 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. We reserve the right to periodically review
your credit standing and to increase any rate on your new balances, in accordance with applicable law.
Annual Percentage Rate (APR)
7.75 %
for Purchases, Cash Advances,
& Balance Transfers
This APR will vary with the market based on the Prime Rate*.
Penalty APR and When it Applies
None
Paying Interest
Your due date is at least 21 days after we mail your billing statement. We will not
charge you interest on purchases or balance transfers if you pay your entire new
purchase or balance transfer balance by the due date each month.
For Cash Advances, we will begin charging interest on the date the cash advance is
posted to your account.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $0.50.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a credit
the Consumer Financial
card, visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore
Fees to Open or Maintain
your Account
Annual Fee:
None
Application Fee:
None
Transaction Fees
Balance Transfer:
None
Cash Advance:
None
Foreign Transaction:
A 1% International Transaction Fee will be assessed on all transactions the merchant
processes outside the United States (which may include internet transactions),
regardless of whether you are located inside or outside the United States at the time
of the transaction.
Penalty Fees
Late Payment:
Up to $10.00 if your minimum payment is not received by the end of the billing
cycle as shown on your periodic statement.
Returned Payment:
Up to $10.00 if your payment is returned for any reason.
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your
account agreement for more details.
SEE NEXT PAGE for more important information about this account
9011/9010 LASER IMM FI14844 Rev 5-2021
page 1 of 4
COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account
agreement.
OTHER IMPORTANT DISCLOSURES:
Other Fees: In addition to the fees disclosed above, the following fees may be imposed:
Statement Copy Fee: $1.00
Lost Card/Replacement Fee: $10.00
PIN Replacement Fee: $3.00
Receipt Copy Fee: $17.00
Others Using Your Account. If you allow anyone else to use your account,
THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
you will be liable for all credit extended to such persons. You promise to pay
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.
for all purchases and advances made by anyone you authorize to use your
YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITY
account, whether or not you notify us that he or she will be using it. If
INTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE
someone else is authorized to use your account and you want to end that
WITH US NOW AND IN THE FUTURE TO SECURE REPAYMENT OF
person's privilege, you must notify us in writing, and if he or she has a Card,
CREDIT EXTENDED UNDER THIS AGREEMENT. YOU ALSO AGREE
you must return that Card with your written notice for it to be effective.
THAT WE HAVE SIMILAR STATUTORY LIEN RIGHTS UNDER STATE
Ownership of Card. Your Card remains our property and may be cancelled
AND/OR FEDERAL LAW. IF YOU ARE IN DEFAULT, WE CAN APPLY
by us at any time without notice. You agree to surrender your Card and to
YOUR SHARES TO THE AMOUNT YOU OWE.
discontinue use of the account immediately upon our request.
Shares and deposits in an Individual Retirement Account or any other
Interest Charges. You agree to pay interest at the rate(s) disclosed to you at
account that would lose special tax treatment under state or federal law if
the time you open your account and as may be changed from time to time in
given are not subject to this security interest.
accordance with applicable law. Average Daily Balance including new
If you have other loans with us, collateral securing such loans will also
transactions: Interest Charges will accrue on your average daily balance
secure your obligations under this Agreement, unless that other collateral
outstanding during the month. To get the average daily balance, we take the
is your principal residence or non-purchase money household goods.
beginning balance each day, add any new purchases, cash advances,
balance transfers or other advances, and subtract any payments, unpaid
Using Your Card. You can purchase or lease goods and services from any
interest charges, and unpaid late charges. This gives us the daily balance.
merchant who honors your Card, and you may obtain cash advances from
Then, we add up all the daily balances for the billing cycle and divide that by
financial institutions and ATM machines that accept the Card, up to your
the number of days in the billing cycle. We then multiply that by the periodic
maximum credit limit. Certain purchases and cash advances require
rate corresponding to the Annual Percentage Rate on your account. If you
authorization prior to completion of the transaction. In some cases, you may
have different rates for purchases, cash advances or balance transfers,
be asked to provide identification. If our system is not working, we may not be
separate average daily balances for each will be calculated and the
able to authorize a transaction, even though you have sufficient credit
appropriate periodic rate is then applied to each.
available. Also, for security reasons, we may block the use of your Card in
*Variable Rates: The ANNUAL PERCENTAGE RATE (APR) is a variable
certain countries or geographic areas. We will have no liability to you or
rate, that may increase or decrease when the Prime Rate, as identified in the
others if any of these events occur. For your added convenience, you are able
'Money Rates' column of the Wall Street Journal, changes. We calculate the
to extend your credit limit to 5% over your approved credit limit.
APR based on the Prime Rate (Index), plus a margin of 4.50%. The APR is
Personal Identification Number (PIN). We may issue a Personal
subject to change quarterly and will take effect on the first day of your
Identification Number (PIN) for use with your Card. This PIN is confidential
January, April, July and October billing cycles, following a change in the Prime
and should not be disclosed to anyone. You may use your PIN and your Card
Rate. The APR will never be more than the maximum rate allowed by
to access your account, and all sums advanced will be added to your account
applicable law. Any increase in the APR may increase your Interest Charges
balance. In the event a use of your PIN constitutes an Electronic Funds
and your Minimum Payment until what you owe has been repaid.
Transfer, the terms and conditions of your Electronic Funds Transfer
Daily Periodic Rates: Purchases, Cash Advances, and Balance Transfers:
Agreement may affect your rights.
0.021232
%
Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,
Grace Period on Purchases or Balance Transfers: You can avoid Interest
cash advances, and balance transfers made by you or anyone whom you
Charges on purchases and balance transfers by paying the full amount of the
authorize to use the Card; (b) all Interest Charges and all other charges or
new balance for purchases or balance transfers each month by the date on
fees; and (c) credit in excess of your credit limit that we may extend to you. If
which the payment is due. Otherwise, the new balance of your account, and
the Wisconsin Consumer Act does not apply to your Card, you also promise
subsequent advances from the date they are posted to the account, will be
to pay collection costs and attorney's fees as permitted by applicable law.
subject to an Interest Charge. You cannot avoid Interest Charges on cash
Minimum Payment Requirement: 2% of the outstanding balance, subject to
advances; even if you pay the entire cash advance balance by the payment
a minimum of $10.00.
due date, you will incur the Interest Charges accrued from the date the cash
advance is posted to your account.
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;
Fees. In addition to the Interest Charges set forth above, you agree to also
and that any such use will constitute an event of default under this
pay any and all fees that you incur as disclosed to you during the term of your
Agreement. We may decline any transaction that we believe to be illegal
Card, including:
under applicable law, including but not limited to any transaction involving or
Foreign Transaction Fee: A 1% International Transaction Fee will be
relating to any gambling activity. You agree that we will have no liability or
assessed on all transactions the merchant processes outside the United
responsibility for any such use by you or any authorized user(s); or for
States (which may include internet transactions), regardless of whether
declining any such transaction. You further agree to indemnify and hold us
you are located inside or outside the United States at the time of the
harmless from any suits, liability, damages or adverse action of any kind that
transaction;
results directly or indirectly from such illegal use. You promise to pay us any
Late Payment Fee: Up to $10.00 if your minimum payment is not received
and all amounts owing on your Card for any transactions made by you, even
by the end of the billing cycle as shown on your periodic statement;
if the transaction is determined to be illegal.
Returned Payment Fee: Up to $10.00 if your payment is returned for any
Joint Accounts. Each of you will be responsible, jointly and severally, for the
reason.
repayment of amounts owed, regardless of who initiated any transaction
under the account.
9011/9010 LASER IMM FI14844 Rev 5-2021
page 2 of 4
COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You agree
Foreign Transactions; Currency Conversion. Purchases and cash advances
to notify us immediately if your Card is ever lost or stolen or if an unauthorized
made in foreign currencies will be billed to you in U.S. dollars. The conversion
use may have occurred. "Unauthorized use" means the use of the Card by
rate in dollars will be a rate selected by the card company from a range of rates
someone other than you who does not have actual, implied or apparent
available in wholesale currency markets for the applicable central processing
authority for such use, and from which you receive no benefit. The telephone
date, which rate may vary from the rate the card company itself receives, or the
number to call is (608) 755-6065 or (800) 779-5555 or after hours call (800)
government-mandated rate in effect for the applicable central processing date in
449-7728. You agree to follow up your call with notice in writing to us at: P.O.
each instance. All transactions processed outside of the United States (which
Box 5366, 2640 W. Court Street, Janesville, Wisconsin 53547-5366. You also
may include internet transactions) will be charged a foreign transaction fee in
agree to assist us in determining the facts, circumstances and other pertinent
the amount disclosed on your Truth-in-Lending Statement (as amended from
information relating to any loss, theft or possible unauthorized use of your Card
time to time), even if you are located in the United States.
and comply with such procedures as we may require in connection with our
Termination; Change-in-Terms. We may, by written notice, terminate this
investigation. You will be liable for any unauthorized use only if we can prove
Agreement at any time, subject to applicable law. You may terminate this
that you were negligent in your use or handling of your Card, or if we can prove
Agreement by written notice. Termination by either party shall not affect your
that you used your Card fraudulently.
obligation to repay any balance on your account resulting from use of the Card
Minimum Payment Due; Crediting of Payments. Payments are due in the
as well as Interest Charges and fees incurred. We may change the terms of this
amount and on the date disclosed on your billing statement. If your payment is
Agreement, including the method of calculating the periodic rate, at any time, by
received by us on a business day at the address designated on the billing
written notice, subject to applicable law. Use of the Card constitutes agreement
statement, it will be credited to your account on the date of receipt. If payment is
and acceptance of any change in terms, unless applicable law requires
made at any location other than the address designated on the periodic
otherwise. Our failure to exercise any of our rights or to take any action shall not
statement, credit for such payment may be delayed up to five (5) days.
constitute a waiver of those rights, or an amendment or change in any of the
Payments will be applied in any order we determine, subject to applicable law.
terms of this Agreement.
Default; Acceleration; Credit Suspension; Collection Costs. You will be in
Late or Partial Payments. Any payment that delays the reduction of your
default if: (1) you fail to make any payment on time; (2) if you fail to keep any
balance will increase your total interest costs. Partial payments or prepayments
promises you have made under this Agreement or under other Agreements you
will not delay your next scheduled payment you will still need to make the
have with us; (3) if you or your spouse die; (4) if you file a petition in bankruptcy
minimum scheduled payment by the next scheduled due date to keep your
or have a bankruptcy petition filed against you, or if you become involved in any
account current. We may accept late payments, partial payments, checks or
insolvency, receivership or custodial proceeding; (5) if anyone attempts to take
money orders marked "payment in full" and such action shall not constitute final
any of your funds held by us via legal process or if you have a judgment or
tax
settlement of your account or a waiver or forgiveness of any amounts owing
lien filed against you; (6) if you make any false, inaccurate, or misleading
under this Agreement.
statements in any credit application or credit update; or (7) if we, in good faith,
Enforcement. We do not lose our rights under this or any related agreement if
believe that you or your spouse's ability to repay what you owe is or soon will
we delay enforcing them. If any provision of this or any related agreement is
be impaired, or that you are unwilling to make your payments.
determined to be unenforceable or invalid, all other provisions remain in full
If you are in default, we have the right to demand immediate payment of your
force and effect.
full account balance without giving you notice. If immediate payment
is
Returns and Adjustments. Merchants and others who honor the Card may
demanded, you agree to continue paying interest charges and fees until what
give credit for returns or adjustments, and they will do so by submitting a credit
you owe has been paid, and any shares that were given as security for your
slip which will be posted to your account. If your credits and payments exceed
account may be applied towards what you owe. Even if your unpaid balance is
what you owe us, the amount will be applied against future purchases and cash
less than your credit limit, you will have no credit available during any time that
advances. If the credit balance amount is $1 or more, it will be refunded upon
any aspect of your account is in default. If the Wisconsin Consumer Act does
your written or verbal request.
not apply to your Card, you agree to pay all reasonable costs of collection,
including court costs and attorney's fees, subject to applicable law.
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
Suspension of electronic services and access to share or deposit
responsible for goods or services that you purchase with the Card unless: (a)
accounts. Subject to applicable law, we may suspend some or all electronic
your purchase was made in response to an advertisement we sent or
services and access to your checking or other account(s) if you become
participated in sending you; or (b) your purchase cost more than $50 and was
delinquent on any of your credit card or deposit obligations to us or you cause a
made from a plan merchant in your state or within 100 miles of your home; and
loss to us. We shall not be liable to you in any regard in connection with such
only if you have made a good faith attempt, but have been unable to obtain
suspension of services.
satisfaction from the plan merchant. You must resolve all other disputes directly
Additional Benefits/Card Enhancements. We may from time to time offer
with the plan merchant. We do not warrant any merchandise or services
additional services to your Account at no additional cost to you. You understand
purchased by you with the Card.
that we are not obligated to offer such services and may withdraw or change
Statements and Notices. Statements and notices will be mailed to you at the
them at any time.
most recent postal address or e-mail address (if you have elected to receive
Convenience Checks. We may, at our discretion, issue checks to you which
such documents via electronic means) you have given us. Notice sent to any
may be used for any purpose other than making a payment for credit to your
one of you will be considered notice to all.
account. By signing such check, you authorize us to pay the item for the
Notification of Address Change. You will notify us promptly if you change
amount indicated and post such amount as a cash advance to your account.
your address for any reason. In order to prevent identity theft, your identity may
We do not have to pay any item which would cause the outstanding balance in
need to be verified before we act upon the notification.
your account to exceed your credit limit.
Copy Received. You acknowledge that you have received a copy of this
Credit Information. We may from time to time request personal information
Agreement.
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
Governing Law. This Agreement shall be construed under federal law and
when requested by us may result in suspension of credit privileges under this
state law in the state in which we are primarily located, and the venue shall be
Agreement, including your ability to obtain any future advances by any means.
located in the county and state in which we are primarily located. Operating
You authorize us to investigate your credit standing when opening or reviewing
regulations of Visa may also apply. This Agreement is the contract that applies
your account. You authorize us to disclose information regarding your account
to all transactions even though the sales, cash advance, convenience check,
to credit bureau and creditors who inquire about your credit standing.
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.
9011/9010 LASER IMM FI14844 Rev 5-2021
page 3 of 4
COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:
The following applies if at the time this loan is made you are an active member of the military or a dependent (as those terms are defined in the Military
Lending Act (MLA), 10 U.S.C. 987 and its implementing regulations ("MLA")), and (a) your loan is unsecured or secured by personal property or a vehicle
that you did not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If this loan is a revolving
line of credit or credit card, the MLA ceases to apply at any time during which you are not a member of the military or a dependent (as defined in the MLA).
1.
NOTICE: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit.
In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36
percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums or debt protection
fees; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for
specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receive
this notice verbally, please call 800.779.5555 during our normal business hours.
2. This loan will not be secured by a consensual lien on shares or deposits in any of your accounts unless you agree to establish an account in connection
with this loan ("Secured Account"). Only funds deposited into the Secured Account after the loan is made will secure this loan. Any cross-collateralization
provision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subject
to the Military Lending Act.
However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply the
sums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.
3. Any reference in this consumer credit contract to the following are hereby inapplicable to your loan: (a) Mandatory arbitration; (b) Any requirement(s) to
waive your rights to legal recourse under any applicable state or federal law; (c) Any demands or requirements construed as unreasonable notice from
you in order to exercise your legal rights; or (d) Prepayment penalties.
4. Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory
to
these disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other terms
and conditions of the consumer credit contract shall remain in full force and effect.
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
This notice tells you about your rights and our responsibilities under the
After we finish our investigation, one of two things will happen:
Fair Credit Billing Act.
If we made a mistake: You will not have to pay the amount in question or
What To Do If You Find A Mistake On Your Statement
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
If you think there is an error on your statement, write to us at the address(es)
in question, along with applicable interest and fees. We will send you a
listed on your statement.
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
In your letter, give us the following information:
owe.
1. Your name and account number.
If you receive our explanation but still believe your bill is wrong, you must
2. The dollar amount of the suspected error.
write to us within 10 days telling us that you still refuse to pay. If you do so,
3. If you think there is an error on your bill, describe what you believe is
we cannot report you as delinquent without also reporting that you are
wrong and why you believe it is a mistake.
questioning your bill. We must tell you the name of anyone to whom we
You must contact us:
reported you as delinquent, and we must let those organizations know when
Within 60 days after the error appeared on your statement.
the matter has been settled between us.
At least 3 business days before an automated payment is scheduled, if
you want to stop payment on the amount you think is wrong.
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.
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
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
to pay the amount in question.
If you are dissatisfied with the goods or services that you have purchased with
What Will Happen After We Receive Your Letter
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
When we receive your letter, we must do two things:
the purchase.
1. Within 30 days of receiving your letter, we must tell you that we received
To use this right, all of the following must be true:
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
1. The purchase must have been made in your home state or within 100
explain to you why we believe the bill is correct.
miles of your current mailing address, and the purchase price must have
been more than $50. (Note: Neither of these are necessary if your
While we investigate whether or not there has been an error:
purchase was based on an advertisement we mailed to you, or if we own
We cannot try to collect the amount in question, or report you as
the company that sold you the goods or services.)
delinquent on that amount.
2. You must have used your credit card for the purchase. Purchases made
The charge in question may remain on your statement, and we may
with cash advances from an ATM or with a check that accesses your
continue to charge you interest on that amount.
credit card account do not qualify.
While you do not have to pay the amount in question, you are responsible
3. You must not yet have fully paid for the purchase.
for the remainder of your balance.
We can apply any unpaid amount against your credit limit.
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.
9011/9010 LASER IMM FI14844 Rev 5-2021
page 4 of 4
COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.