Terms and Conditions
 
 
 
Federal Truth in Lending Disclosure and 
Customer
 
Agreement
 
In this Agreement, the words "you" and "your" refer to the person(s) who are
 
contractually liable for any debt owed under the Account. If there are two or more such
 
persons,
 
each of them agree to be fully liable for any debt owed under the Account individually
 
(severally) and together (jointly).
 
You agree with 
Bank
 
as follows:
 
1.
 
Definitions.
 
In relation to your Account and this Agreement, the following words shall
 
have the mean
ing indicated:
 
"Account"
 
means the Visa Credit Card open end line of credit account approved by Credit
 
Union for your use.
 
"Agreement"
 
means this Visa Borrower Agreement.
 
"Annual Percentage Rate"
 
means the cost of your credit expressed as a yearly rate as set
 
forth in the Schedule of Fees and Charges.
 
"Application"
 
means your request to the 
Bank
 
for the establishment of an Account in a
 
manner approved by the 
Bank
.
 
"Authorized User"
 
means any person(s) permitted by you to obtain credit under your
 
Account, whether or not named in your Application, or any person(s) to whom you lend your
 
Card.
 
"Billing Cycle"
 
means the time period that expires between regular Monthly Billing
 
Statements.
 
"Card"
 
means any Visa Credit Card credit card issued to you by the 
Bank
 
pursuant to
 
this Agreement which bears the service marks owned and licensed by Visa USA.
 
"Cash Advance"
 
means cash credit extended by the 
Bank
 
to you in the form of a loan
 
of money ma
de when you present the Card to the 
Bank
 
or to another 
participating financial
 
institution, including cash credit extended to you via an automated teller machine.
 
"Closing Date"
 
means the date of the last day of a Billing Cycle.
 
"Credit Limit"
 
means the ma
ximum amount of credit available to you on your Account as set
 
by the 
Bank
 
from time to time.
 
"Credit Purchases"
 
means extensions of credit from the 
Bank
 
to you (other than Cash
 
Advances) for Credit Purchases of merchandise or services through participatin
g merchants,
 
including mail or phone purchase orders of merchandise effectuated by using the account
 
number on a Card.
 
"
Bank
"
 
means 
Carson Community Bank
 
or any other person or entity to which the
 
Bank
 
assigns this Agreement or any of its rights under this Agreement.
 
"Finance Charge"
 
means the cost of credit extended to you on your Account as determined
 
by the 
Bank
 
expressed as a dollar amount.
 
"Grace Period"
 
means the time period in which the New Balan
ce on a Monthly Billing
 
Statement must be paid in full to avoid the further assessment of a Finance Charge. The Grace
 
Period begins on the day following the Closing Date of a Billing Cycle and extends until the
 
Payment Due Date.
 
"Daily Periodic Rate"
 
means
 
1/365th of the Annual Percentage Rate as set forth in the
 
Schedule of Fees and Charges.
 
"Monthly Billing Statement"
 
means the statement sent to you on a monthly basis reflecting
 
all charges and credits to your Account for each Billing Cycle.
 
"New Balance"
 
means the total of the Previous Balance together with New Credit Purchases,
 
Cash Advances, accrued Finance Charge and other fees and charges, less payments and
 
credits, posted to your Account during a Billing Cycle.
 
"New Credit Purchase(s)"
 
means the Cred
it Purchase(s) posted to your Account during the
 
Billing Cycle reflected on your most recent Monthly Billing Statement.
 
"Payment Due Date"
 
means the date specified on your Monthly Billing Statement as the
 
Payment Due Date for payment to the 
Bank
 
on your Ac
count.
 
"Preauthorized Charges"
 
means Credit Purchases for which you have given your
 
preauthorization for a merchant or other person to debit your Account at specified times.
 
"Previous Balance"
 
means the balance of your Account at the beginning of a Billing
 
Cycle,
 
which is the same amount as that shown on the "New Balance" on your Monthly Billing
 
Statement for the immediately preceding Billing Cycle.
 
"Schedule of Fees and Charges"
 
means the schedule shown at the end of this Agreement,
 
including all 
amendments to that schedule, which lists the costs associated with your 
Account.
 
"Unauthorized Use"
 
means the use of your Card by a person who does not have actual,
 
implied or apparent authority to use that Card. If you receive a benefit from the use of a 
Card
 
by another or if a Card is used by an Authorized User, such use will not be regarded as
 
Unauthorized Use.
 
2.
 
Account Access.
 
You may access your Account by using your Card or account number
 
to make Credit Purchases and to obtain Cash Advances up to your 
Credit Limit, unless 
your
 
Account is in default or has been terminated. If the 
Bank
 
issues you a Personal
 
Identification Number, you may also use your Card to obtain Cash Advances via automated
 
teller 
machines which accepts your Card for that purpose.
 
3.
 
Promise to Pay.
 
You promise to pay to 
Bank
 
all amounts charged to your
 
Account by you or by any Authorized User who has access to your Account, with actual,
 
apparent or 
implied authority
 
for use of your Account, including Finance Charges and other fees
 
acc
ording to the required minimum monthly payment schedule. Your liability will extend
 
throughout the 
term of this Agreement and until all issued and outstanding Cards are returned
 
to the 
Bank
 
and all Preauthorized Charges are canceled by you. If you lend you
r Card
 
to another person, you 
will have given that person actual, implied or apparent authority to use your Card and you will be liable for all Credit
 
Purchases and Cash Advances made by that person on your Account until 
the Card is returned
 
to you or the 
Bank
. If more than one person is obligated under this Agreement, the
 
Bank
 
may accept directions and written notices from any one of those persons without
 
requiring the consent of any other persons.
 
1.
 
Liability for Unauthorized Use 
-
 
Loss/Stolen Card 
Identification.
 
You may be liable
 
for the unauthorized use of your card if you do not notify us. You will not be 
liable 
for the
 
unauthorized use that occurs after you notify the 
Bank
, orally or in writing, of the loss,
 
theft or possible unauthorized use. I
f you notify us, you will have no liability for 
unauthorized
 
transactions
 
You can notify the 
Bank
 
by calling (
918
) 
696
-
7745
 
during normal business
 
hours, or writing to 
Carson Community Bank
, 
P.O. Box 512, Stilwell
, 
Oklahoma
 
74960
.
 
2.
 
Finance Charge.
 
The Finan
ce Charges shown on your Monthly Billing Statement are
 
figured by multiplying a Daily Periodic Rate (see Schedule of Fees and Charges for this rate
 
and its corresponding Annual Percentage Rate) times the Daily Principal Balance of both Credit
 
Purchases and
 
Cash Advances as follows:
 
a.
 
Cash Advances.
 
A Finance Charge will be imposed on Cash Advances from
 
the date charged to your account. Finance Charges will continue to accrue until the Closing
 
Date of the Billing Cycle preceding the date on which the entire Ne
w Balance is paid in full by
 
the Payment Due Date or until the date of payment if after the Payment Due Date. The Finance
 
Charge for a Billing Cycle is computed by applying the Daily Periodic Rate to the Daily Principal
 
Balance of Cash Advances. Each daily
 
principal balance of Cash Advances is determined by
 
adding to the outstanding unpaid balance of Cash Advances at the beginning of each day of
 
the Billing Cycle any new Cash Advances posted to your Account and subtracting any
 
payments 
as received or credit
s as posted to your Account, but excluding any unpaid Finance
 
Charges and other fees.
 
b.
 
Credit Purchases.
 
A Finance Charge will be imposed on Credit Purchases
 
only if you elect not to pay the entire New Balance shown on your Monthly Billing Statement 
for
 
the
 
previous Billing Cycle by the Payment Due Date (the time between the issuance of your
 
Monthly Billing Statement and the corresponding Payment Due Date is the "Grace Period"). If
 
you elect not to pay the entire New Balance shown on your previous monthly st
atement during
 
the Grace Period, a Finance Charge will be imposed on the unpaid Daily Principal Balance of
 
such Credit Purchases from the previous statement Closing Date and on New Credit
 
Purchases from the date of posting to your Account during the curren
t Billing Cycle. Finance
 
Charges will then continue to accrue until the Closing Date of the Billing Cycle preceding the
 
date on which the entire New Balance is paid in full by the Payment Due Date or until the date
 
of 
payment if after the Payment Due Date.
 
The Finance Charge for a Billing Cycle is computed
 
by applying the daily Periodic Rate to the Daily Principal Balance of Credit Purchases. Each
 
daily 
principal balance of Credit Purchases is determined by adding to the outstanding unpaid
 
balance of Credit
 
Purchases at the beginning of each day of the Billing Cycle any New Credit
 
Purchases posted to your Account, and subtracting any payments as received and credits as
 
posted to your Account, but excluding any unpaid Finance Charges and other fees.
 
3.
 
Late Char
ge.
 
If you do not pay at least your minimum monthly payment by the Payment
 
Due Date shown on your Monthly Billing Statement, 
the Bank
 
may assess your Account 
a 
Late
 
Charge in an amount as set forth in the Schedule of Fees and Charges.
 
 
4.
 
Over limit
 
Fee.
 
If your unpaid balance exceeds your Credit Limit, the 
Bank
 
may
 
assess your Account an 
  
Over limit
 
Fee in an amount as set forth in the Schedule of Fees and
 
Charges. This 
over limit
 
Fee is assessable for each Billing Cycle that your Account balance
 
exceed
s your Credit Limit.
 
5.
 
Returned Payment Charge.
 
You will be charged a Returned Payment Charge for each
 
check, draft or order which you submit to 
Bank
 
as a payment on your Account which is
 
returned to 
Bank
 
unpaid in an amount as set forth in the Schedule of F
ees and Charges.
 
6.
 
Fees and Charges.
 
In addition to the Finance Charge, Late Charge, 
Over limit
 
Fee, and
 
Returned Payment Charge, you agree to pay to the 
Bank
 
the additional fees and
 
charges 
as described and set forth in the Schedule of Fees and Charges. All
 
fees and charges
 
will be automatically posted to your Account and will be included in the amount shown for Credit
 
Purchases on your Monthly Billing Statement.
 
7.
 
Information Updates.
 
You will provide facts to update information contained in your
 
original Application or other financial information related to you at 
Bank
's request.
 
4.
 
Credit Limit.
 
You will be notified of your Account's Credit Limit which will be applicable
 
to all amounts you owe on your Account at any time. 
Bank
 
reserves the right to
 
increase or 
decrease your Credit Limit without notice to you at any time in its sole discretion.
 
You will keep your unpaid balance within the Credit Limit as set by 
Bank
 
and you will
 
pay any amount over 
your Credit Limit immediately to the 
Bank
 
without dem
and,
 
whether or not 
Bank
 
authorized the Credit Purchase or Cash Advance which caused
 
you to exceed your Credit Limit. Even if your 
unpaid balance is less than your Credit Limit, you
 
will have no credit available during any time your Account is in default.
 
 
5.
 
Minimum Monthly Payment.
 
You will pay a minimum monthly payment equal to the
 
greater of 
4
% rounded up to the next whole dollar of your Account's New Balance or 
$
40.
00,
 
unless your New Balance is less than $25.00, in which case your payment will be that 
balance.
 
You may pay any amount over your minimum monthly payment at any time without 
penalty. In
 
addition to your minimum monthly payment, you agree to immediately pay to the 
Bank
 
any amount past due or in excess of your Credit Limit. Payments must be rec
eived by the
 
Bank
 
in the manner set forth on your most current Monthly Billing Statement on or
 
before the Payment Due Date. All payments must be made in lawful money of the United
 
States. You will 
have a payment due every month on the specified Payment Due Date even if than a regularly scheduled minimum monthly payment at any previous time.  6.
 
Monthly Billing Statements.
 
Bank
 
will mail you a Monthly Billing Statement
 
each month in which there is a debit or credit balance over $1.00, or when a Finance Charge is
 
imposed. 
Bank
 
need not send you a monthly statement if 
Bank
 
feels your
 
Account is uncollectible or has started collection proceedings against you because you
 
defaulted. Except where 
federal law requires otherwise, the Monthly Billing Statement will be
 
fin
al as to the amount owed unless you object in writing within 60 days after the 
Bank
 
has mailed the Monthly Billing 
Statement to you. Your right under federal law to the correction
 
of billing errors is explained in the notice of Your Billing Rights which ap
pears at the end of this
 
Agreement.
 
7.
 
Set Off and Lien Impressment.
 
Unless prohibited by law, the 
Bank
 
shall have
 
the right to set off the amount of any funds you have in your Accounts with the 
Bank
 
or
 
any 
other amounts owed to you by the 
Bank
 
against any amounts charged to your
 
Account after your Account has been canceled or terminated. This right of setoff will not extend
 
to any deposits 
established under a governmental approved tax deferral deposit plan such as
 
an I.R.A. or KEOGH account. 
Ba
nk
 
also impresses a lien upon your shares and
 
dividends and has the right to 
enforce that lien in a manner similar to enforcing its right of setoff.
 
 
8.
 
Security.
 
If you have given the 
Bank
 
a security interest in any property (other
 
than your principal dwelli
ng or "household goods" as defined in the Federal Trade
 
Commission's Credit 
Practices Rule) as part of any other agreement with the 
Bank
, that
 
property is also pledged by you as security for the credit extended under this Agreement,
 
unless prohibited by la
w. This 
provision is the Security section under the Truth in Lending
 
disclosure of this Agreement as well as a statement of contract which results in collateral
 
securing other loans with 
Bank
 
also 
securing this Agreement.
 
To the extent permitted by law, yo
u grant 
Bank
 
a purchase money security interest in all
 
goods you purchase under your Account to the extent you continue to owe 
Bank
 
for the
 
purchase of 
such goods under your Account if such goods are "household goods", and to the
 
extent you continue to owe
 
Bank
 
any money under your Account if such goods are not
 
"household goods". 
Further, if you give 
Bank
 
a specific pledge of other collateral to
 
secure the repayment of your Account, such as a pledge of your shares or deposits, then such
 
other collateral wil
l also secure 
the repayment of your Account.
 
9.
 
Application of Payments.
 
The 
Bank
 
reserves the right to apply the payments to
 
your Account in any manner it may choose in its sole discretion. Generally, the 
Bank
 
will elect to 
apply each payment in the 
following order: (1) Late fees; (2) other unpaid fees and
 
charges; (3) unpaid Finance Charges; (4) Credit Purchases from previous Billing Cycles; (5)
 
Cash 
Advances as of the closing date of the last statement; and (6) Cash Advances this Billing
 
Cycle and (
7) Credit Purchases from this Billing Cycle.
 
10.
 
Default and Remedy.
 
You will be in default and the 
Bank
 
may, to the extent
 
permitted by law, terminate your Account and declare the entire unpaid balance of your
 
Account 
immediately due and payable if:
 
a.
 
You do 
not make any payment or perform any obligation under this Agreement
 
or any other agreement that you have with 
Bank
; or
 
b.
 
You have made a false or misleading statement on your Application and/or in
 
your representations to 
Bank
 
while you owe money on your Acco
unt; or
 
c.
 
You should die, or be involved in any bankruptcy, insolvency, receivership or
 
custodial proceedings brought by or against you; or
   
A judgment or tax lien should
  
be filed 
against you or any attachment or
 
garnishment should be issued against any of
 
your property or rights, specifically including
 
anyone starting an action or proceeding to seize any 
of your funds on deposit with 
Bank
;
 
and/or
 
d.
 
Bank
 
should, in good faith, believe your ability to repay any
 
indebtedness due under your Account is or soon wi
ll be impaired, time being of the very
 
essence.
 
If more than one person is obligated under this Agreement, the 
Bank
 
may proceed with
 
collection action against any one of the persons obligated under this Agreement without first
 
proceeding against or collect
ing from any other person. To the extent permitted by law, the
 
Bank
 
shall be reimbursed by you for all of its costs and expenses, including actual
 
attorneys' fees, 
incurred in the course of collecting any amounts owed on your Account.
 
11.
 
Change of Address.
 
You will notify 
Bank
 
promptly if you move or otherwise
 
have a change of address.
 
12.
 
Foreign Transactions.
 
Transactions occurring outside of the United States under
 
foreign currency rates will be posted to your Account in U.S. Dollars and may be more or less
 
than the U.S. Dollar amount when you made the Credit Purchase or obtained the Cash
 
Advance, due to changes in the foreign exchange rate. The conversion rate to U.S. Dollars will
 
be at 
the (i) wholesale market rate, or (ii) the government mandated rate, whi
chever is
 
applicable, in effect one day prior to the processing date. In addition the 
Bank
 
will pass
 
on to you an 
International Service Assessment fee which will not exceed 1.00% of the amount
 
of the foreign transaction.
 
13.
 
Refunds and Returns.
 
If a merchant 
or other person honoring your Card agrees to give
 
you a refund or adjustment on a Credit Purchase, you agree to accept a credit to your 
Account
 
in lieu of a cash refund or cash adjustment.
 
14.
 
Disputes.
 
You agree to make a good faith effort to settle all dispu
tes concerning Credit
 
Purchases made through the use of your Card with the merchant or other person honoring 
the
 
Card. Except as provided in the notice of Your Billing Rights, you agree to pay the 
Bank
 
all amounts charged to your Account despite any such d
ispute.
 
15.
 
Waiver of Claims.
 
You waive and release 
Bank
 
from all defenses, rights and
 
claims you may have against any person or company honoring a Card or other access device
 
or not 
permitting a Credit Purchase or Cash Advance, except where such rights cannot
 
be
 
waived under the Fair Credit Billing Act (see Your Billing Rights). If your Account is available to
 
provide 
overdraft protection to a deposit account under a separate Overdraft Protection
 
Request/Agreement, you hold 
Bank
 
harmless from any and all claims which might
 
otherwise arise if an 
advance is not processed to cover an overdraft regardless of whether or
 
not credit was available under your Account.
 
16.
 
Cancellation.
 
You may cancel this Agreement with 
Bank
 
or revoke any
 
Authorized User's status at any time by notifying 
Bank
 
in writing and returning any
 
affected Card. You 
understand and agree that 
Bank
 
has up to ten (10) days after such
 
notice to effectuate your cancellation or revocation of Authorized User's status. You r
emain
 
obligated to 
Bank
 
for all Credit 
Purchases or Cash Advances made prior to or up to thirty
 
(30) days after such cancellation or revocation, and 
Bank
 
may declare your balance due
 
and payable together with all applicable 
Finance Charges and other fees a
nd charges;
 
otherwise you remain obligated to repay any unpaid balance according to this Agreement.
 
 
Visa
 
Classic or
 
Platinum
 
Interest Rates and Interest Charges
 
Annual percentage Rate (APR)
 
for Purchases
 
9
.
9
9
%
 
-
 
2
0
.
9
9
%
 
based on your creditworthiness
 
        
This APR will vary with the market based on the Prime Rate.
 
APR for Cash Advances
 
 
9
.
9
9
% 
-
 
2
0
.
9
9
%
 
based on your creditworthiness
 
     
This APR will vary with the market based on the Prime Rate
 
How to Avoid Paying Interest
 
on Purchases
 
Your due 
date is 26 days after the close of the billing cycle. We will not charge you any interest
 
on purchases if you pay your entire balance by the due date each month
 
Minimum Interest Charge
 
None
 
For Credit Card Tips from the
 
Federal Reserve Board
 
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
 
Annual Fee
 
None
 
Transaction Fees
 
 
 
 
� Cash Advance Fee
 
$
2
5.00
 
� Foreign Transaction
 
Fee
 
 
Up to
 
1%
 
of the transaction amount
 
 
Penalty Fees
 
 
� Late Payment
 
Up to
 
$2
5.0
0
 
 
� Over the Limit Fee
 
$15.00
 
� Returned Payment
 
          
 
� 
Insufficient
 
Funds
 
 
Up to
 
$2
5
.00
 
$20.00
 
 
How We Will Calculate Your Balance: 
The Finance Charges shown on your Monthly Billing Statement are figured by multiplying a
 
Daily Periodic Rate times the Daily Principal Balance of both Credit Purchases and Cash Advances. An explanation of this method is described in our Visa Credit Card Terms and Conditions - Section 5.