VISA Gold Credit Card Agreement & Truth-In-Lending Disclosure
This agreement and disclosure is designed to define the guidelines concerning your account(s).

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for
Purchases, Balance Transfers, & Cash
Advances

Penalty APR & When It Applies

How to Avoid Paying Interest on
Purchases

8.9%

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 the 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 Federal Reserve Board at
http://www.federalreserve.gov/creditcard

Fees

Annual Fee

Balance Transfer

Transaction Fees
•
• Cash Advance
•

Foreign Transactions

Penalty Fees
• Over-the-Credit Limit
• Returned Payment
Late Payment
•

NONE

NONE
NONE
1% of transaction

NONE
up to $10.00
up to $10.00

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your card
agreement.

Important Information: You must qualify for membership with First Community Credit Union. If you do qualify for
membership, you will be required to open a share (savings) account and deposit $1.00 to become a member before obtaining any
of our services/products.

The information above is accurate as of 9/30/2011 and may have changed after that date. To find out what may have changed,
write us at P.O. Box 1030, Chesterfield, MO 63006-1030. Or, call us at 636-728-3330 or 1-800-905-7585.

In this Agreement, the words “you and your” represent each and all of those who apply for the card or who receive and use the
card. “Card” means the VISA Gold credit card and any duplicates and renewals we issue. "Account” means your VISA credit
card account with us. “We, us and ours” represent First Community Credit Union. This Agreement and all transactions
hereunder will be governed by the laws of the State of Missouri and applicable federal law.

EFFECT OF AGREEMENT
This Agreement is the contract which applies to all transactions on your Account even though the sales, cash advance, credit, or
other slips you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you the
advance written notice required by law. To the extent the law permits, and we indicate in our notice, amendments will apply to
your existing Account balance as well as to future transactions.

RESPONSIBILITY
If we issue you a Card, you agree to repay all debts and the INTEREST CHARGE arising from the use of the card and Account.
For example, you are responsible for charges made by yourself, your spouse, your minor children and anyone else to whom you
give the card or card number, and this responsibility continues until the card is recovered. You cannot disclaim responsibility by
notifying us, but we will close the Account for new transactions if you so request and return all cards. Your obligation to pay the

Page 1 of 5

Account balance continues even though an agreement, divorce decree or other court judgment in which we are not a party may
direct you or one of the other persons responsible to pay the Account. Any person using the card is jointly responsible with you
for charges he or she makes; if that person signs the card, he or she becomes a party to this agreement and is also jointly
responsible for all charges on the Account, including yours.

INTEREST CHARGE
You can avoid the INTEREST CHARGE on purchases by paying the full amount of the New Balance of Purchases each month
within 25 days of your statement closing date, which is your payment due date. Otherwise, the New Balance of Purchases, and
subsequent purchases from the date they are posted to your Account, will be subject to an INTEREST CHARGE. Cash
advances, which include balance transfers, are always subject to an INTEREST CHARGE from the date they are posted to your
Account. INTEREST CHARGES are calculated at the periodic rate of .7417% per month (ANNUAL PERCENTAGE RATE
OF 8.9%) on the average daily principal balances of purchases and cash advances. We figure the INTEREST CHARGE on your
Account by applying the monthly periodic rate to the “average daily balance” of your Account (including current transactions).
To get the “average daily balance” we take the beginning balance of your Account each day, add any new purchases or cash
advances, and subtract any payments, credits, non-accruing fees, and unpaid interest charges. 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”.

MONTHLY STATEMENTS AND PAYMENTS
Each month if you have a balance or activity on your Account, we will send you a statement showing 1) your Previous Balances
of purchases and cash advances, 2) the current transactions (new purchases and cash advances) on your Account, 3) the
remaining credit available under your Credit Line, 4) the New Balances of purchases and cash advances, 5) the Total New
Balance, 6) the INTEREST CHARGE due to date, and 7) the Minimum Payment required. Every month you must at least pay
the Minimum Payment required within 25 days of your statement closing date as shown on your monthly statement, which is
your payment due date. You may pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in
full, and reduce the INTEREST CHARGE by doing so. The Minimum Payment will either be 1) 2% of your Total New Balance
or $10.00, whichever is greater, or 2) your Total New Balance, if it is less than $10.00, plus 3) any portion of the Minimum
Payment(s) shown on prior statements which remains unpaid. In addition, at any time your total New Balance exceeds your
Credit Limit, you must immediately pay the excess upon our demand. You will be responsible for all matters shown on each
monthly statement unless you notify us in writing of any dispute within 60 days after the statement date in the manner required
by the notice “Your Billing Rights”.
Payments can be mailed to:

First Community CU
P.O. Box 4519
Carol Stream, IL 60197-4519

DEFAULT
You will be in default if you fail to make any Minimum Payment within 25 days after the monthly statement closing date, which
is your payment due date. You will be charged a late fee if a payment is not received within 15 days of the payment due date.
You will also be in default if 1) your ability to repay us is materially reduced by a change in your employment or an increase in
your obligations, 2) there are bankruptcy or insolvency proceedings involving you, 3) you die, 4) you make a misrepresentation
in connection with your Account, 5) you default on any obligation to us, under this Agreement or otherwise, 6) you exceed your
Line-of-Credit. We have the right to demand immediate payment of your full Account balance if you are in default. You
specifically authorize us to deduct all or any part of the amount in default from any deposit account in which you have an
ownership interest, unless prohibited by applicable law. If permitted by law, you will also be required to pay our collection
expenses, including court costs and reasonable attorneys' fees. (Iowa residents are not responsible for any attorney fees in the event your account
is referred for collection to an attorney.)

LATE AND RETURNED PAYMENT CHARGES
You agree to pay a late charge equal to the lesser of 5% of the minimum periodic payment or $10.00, but in no event less than
$1.00, for each periodic payment in default over 15 days. However, this late charge will only be applied once to each periodic
payment however long it remains in default. If the payment instrument you send us as payment is dishonored for any reason,
you will be charged up to $10.00 per each such instrument, unless you have stopped payment pursuant to Iowa Code 554.4403.
The returned payment fee will not exceed the total minimum payment that was due.

LOST CARD NOTIFICATION
If you believe the card has been lost or stolen, you will immediately call the Credit Union at (636)728-3360 or 1-800-610-0791.
After hours and holidays, please call 1-800-991-4961.

LIABILITY FOR UNAUTHORIZED USE
As a VISA cardholder you are not liable in the event of an unauthorized use of your card. This coverage extends to purchases
made in a store, over the telephone, or online. Zero liability is provided if you have not engaged in fraud or gross negligence.
VISA’s zero liability policy does not apply if a PIN is used as the cardholder verification method for the unauthorized
transaction(s). In any case, your liability will not exceed $50.00.

Page 2 of 5

CREDIT LINE
If we approve your application, we will establish a Line-of-Credit for you and notify you of its amount when we issue the Card.
You agree not to let the Account balance exceed this approved Credit Line. Each payment you make on the Account will restore
your Line-of-Credit by the amount of payment which is applied to the principal. You may request an increase in your credit line
by written application to us, which must be approved by our credit committee or loan officer. By giving you written notice, we
may reduce your credit line at any time. We may also, with good cause, revoke your Card and terminate this Agreement. Good
cause includes your failure to comply with this Agreement, or our adverse re-evaluation of your credit worthiness. You may also
terminate this Agreement at any time, but termination by either of us does not affect your obligation to pay us the Account
balance. The Cards remain our property and you must recover and surrender to us all Cards upon our request and upon
termination of this Agreement. “Credit Line” and “Line-of-Credit” may also be called Credit Limit in this Agreement and in
your monthly statement.

CREDIT INFORMATION
You authorize us to investigate your credit standing when opening, renewing or reviewing your Account, and you authorize us to
disclose information regarding your Account to credit reporting agencies and other creditors who ask us about your credit
standing, to the extent authorized in our by-laws.

USING THE CARD
You may use the card issued to you to make purchases in person, by mail, by telephone, or by Internet from merchants and
others who accept VISA credit cards. In addition, you may obtain cash advances from financial institutions participating in the
VISA program and from ATMs (automated teller machines) that participate in the ATM VISA program. You will need to use
your PERSONAL IDENTIFICATION NUMBER (PIN) in conjunction with your card to obtain a cash advance from an ATM.
Cash advances from ATMs may not exceed a total of $1,005 per day. Any transaction which would cause the daily limit to be
exceeded may be refused. You may advance your Credit Line through the use of convenience checks. Convenience checks are
drafts that cardholders write against their VISA line-of-credit. This transaction will post as a cash advance. Convenience checks
are not guaranteed and are not endorsed or supported by VISA. If checks are lost or stolen, contact your Credit Union
immediately. We cannot issue a stop payment on checks that have been written. Sales, cash advance, credit or other slips
cannot be returned with your monthly statement. You will retain the copy of such slips furnished at the time of the transaction in
order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you request.
You agree that all transactions that you initiate by use of your VISA Credit Card Account are legal in the jurisdiction where you
live and/or where the transaction occurred. You agree to repay according to the terms of this Agreement all transactions you
initiate by use of your Credit Card Account whether deemed legal or illegal.

RETURNS AND ADJUSTMENTS
Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so by issuing a credit slip
which will be posted to your Account. If your credits and payments exceed what you owe us, we will apply this credit balance
against future purchases and cash advances to your Account. If this credit balance is $1.00 or more, we will refund it per your
written request. A credit balance will automatically be refunded to your share account after 6 months.

FOREIGN TRANSACTIONS
If you use your card for transactions in a currency other than U.S. dollars, the transactions will be converted to U.S. dollars. The
exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate
selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date,
which rate may vary from the rate VISA itself receives, or the government mandated rate in effect for the applicable central
processing date plus a 1% International Transaction Fee. The currency conversion rate used on the processing date may differ
from the rate that would have been used on the purchase date or cardholder statement posting date. If a credit is subsequently
given in currency other than U.S. dollars and has a different processing date, then the exchange rate of the credit can be
greater/less than that of the original transaction. You agree to accept the converted amount in U.S. dollars. Foreign transactions
include any transaction where the merchant country is different than the country of the card issuer, irregardless of whether
currency conversion is performed.

ILLEGAL USE OF CARD OR ACCOUNT
The use of your card or account for an illegal transaction or purpose is strictly prohibited. If you use your card or account for an
illegal transaction or purpose, then (a) you will be in default and subject to terms of default, and (b) at our discretion and at any
time thereafter, we can suspend or terminate your account and/or revoke your card, subject to the terms of cancellation and (c)
you waive your right to bring any legal action against us arising out of or relating to such illegal use or any activity directly or
indirectly related to such use. You hereby agree to indemnify and hold us harmless from any suits or other legal action, or any
other liability, directly or indirectly arising out of or resulting from illegal use, including, where permitted by law, court costs
and reasonable attorney’s fees. Cardholder agrees not to use the Card to purchase or engage in unlawful online (Internet)
gambling transactions and agrees that First Community Credit Union shall have the right to block and refuse to authorize any
such transactions

SECURITY INTEREST
To secure your account, you grant us a purchase money security interest under the Uniform Commercial Code in any goods you
purchase through the account. If you default, we have the right to recover any of these goods which have not been paid for
through our application of your payments in the manner described under “Monthly Statements and Payments.” With respect to
this account only, we will not assert any statutory rights we may have if you are in default to prevent withdrawal of your

Page 3 of 5

unpledged credit union shares (deposits). Notwithstanding this, you have given us a specific pledge of your Credit Union share
as a condition of this account by signing the Pledge of Shares as set forth in the application, or otherwise. Upon default, you
authorized us to apply these shares to any amount due on the account or under this agreement. In addition, if you have granted
us a security interest in property to secure other debts, this account will be secured by the property described in those other
security agreements, except any dwelling.

PLAN MERCHANT DISPUTES
We are not responsible for the refusal of any plan 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 only if you have made a good
faith attempt, but have been unable to obtain satisfaction from the plan merchant, and 1) your purchase was made in response to
an advertisement we sent or participated in sending you; or 2) your purchase cost more than $50.00 and was made from a plan
merchant in your state or within 100 miles of your home. Any other disputes must be resolved by you directly with the plan
merchant.

CHANGE OF PERSONAL INFORMATION
You agree to notify us in writing immediately of any change in name, address, or telephone numbers. We may request
additional information to verify the changes.

COPY RECEIVED
You acknowledge receipt of a copy of this Agreement.

Your Billing Rights: Keep this Document for Future Use
This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement
If you think there is an error on your statement, write to us at:

First Community Credit Union
Attn: Credit Card Services
P.O. Box 1030
Chesterfield, MO 63006-1030

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

2.
While we investigate whether or not there has been an error:

We cannot try to collect the amount in question, or report you as delinquent on that amount.
The charge in question may remain on your statement, and we may continue to charge you interest on that amount.
While you do not have to pay the amount in question, you are responsible for the remainder of the balance.
We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount.
If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and
fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as
delinquent if you do not pay the amount we think you owe.

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still
refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We
must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the
matter has been settled between us.
If we do not follow all of the rules above, you do not have to pay the first $50.00 of the amount you question even if your bill is
correct.

Page 4 of 5

Your Rights If You Are Dissatisfied With Your Credit Card Purchases
If you are dissatisfied with the goods or services that you have purchased with your credit card, and you have tried in good faith
to correct the problem with the merchant, you may have the right not to pay the remaining amount due on the purchase. To use
this right, all of the following must be true:

1.

2.

3.

The purchase must have been made in your home state or within 100 miles of your current mailing address, and the
purchase price must have been more than $50. (Note: Neither of these are necessary if your purchase was based on an
advertisement we mailed to you, or if we own the company that sold you the goods or services.)
You must have used your credit card for the purchase. Purchases made with cash advances from an ATM or with a
check that accesses your credit card account do not qualify.
You must not yet have fully paid for the purchase.

If all the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at:

First Community Credit Union
Attn: Credit Card Services
P.O. Box 1030
Chesterfield, MO 63006-1030

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will
tell you our decision. At that point, if we think you owe an amount and you do not pay, we may report you as delinquent.

Page 5 of 5