13.  DEFAULT.

You  will  be  in  default  under  this  Agreement  if  any  of  the  following  occur:  (a)  any 
Minimum monthly payment is not made when due; (b) you become insolvent, bankrupt, 
or you die; (c) you violate any part of this Agreement, or any other agreement with us; or 
(d) if we reasonably deem ourselves insecure on your credit line. We will notify you in 
writing of any such action as soon as practical if it occurs. Upon default, we may declare 
the  entire  unpaid  balance  immediately  due  and  payable,  and  you  agree  to  pay  that 
amount plus any attorney’s fees and costs incurred by us. We can delay enforcing any 
right under this Agreement without losing that right or any other right.

14.  CREDIT INFORMATION/FINANCIAL STATEMENTS.

You authorize us to release information to others (e.g., credit bureaus, merchants, 
and other financial institutions) regarding the status and history of your credit line. You 
agree to provide us, at any time we deem necessary, with a current financial statement 
and  updated  information  upon  request.  We  may  investigate  your  credit  directly  or 
through a credit reporting agency.

15.   LOSS OR THEFT OF VISA CREDIT CARD.

You agree to notify us immediately of the loss, theft or unauthorized use of your Credit 
Card by calling 1-800-654-7728 or by writing PSCU Customer Service, PO Box 31112, 
Tampa, FL 33631-3112. If you notify us of your lost or stolen Credit Card after discovery, 
you may not be liable for any losses related to credit transactions. This zero liability will 
apply  provided  you  were  not  grossly  negligent  or  fraudulent  in  handling  your  Card, 
otherwise your liability for unauthorized Visa Credit Card transactions shall not exceed 
$50. You and any guarantor of this Agreement agree the liability limits in this section will 
not apply to your guarantor’s obligations for use of the Card, including the unauthorized 
use of the Card.

16.   BILLING ERRORS NOTICE RIGHTS FOR VISA CREDIT CARD    
        TRANSACTIONS.

      Keep this document for future use. This notice tells you 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: Inspirus Credit Union
P.O. Box 576, Seattle WA 98111-0576.
       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.
2.    Within 90 days of receiving your letter, we must either correct the error or explain     
       to you why we believe the bill is correct.
       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 your 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 Charges 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 Charges 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 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 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 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.)

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 the above address. 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.

17. ACKNOWLEDGMENT AND AMENDMENTS.

You understand and agree to the terms and conditions in this Agreement, and the Fair 
Credit Billing Notice. You acknowledge that you have received a copy of this Agreement, 
and Disclosure and the Fair Credit Billing Notice. We reserve the right to amend the terms 
of this Agreement at any time as permitted by and subject to any limitations or notice 
requirements of applicable law.

18. GOVERNING LAW.

This Agreement will not take effect until it is approved by us. This Agreement shall be 

governed by the laws of the State of Washington.

P.O. Box 576 – Seattle, WA 98111-0576
888.628.4010  •  inspirusCU.org

VISA® CREDIT CARD
ACCOUNT AGREEMENT

1.  INTRODUCTION.

The Agreement covers your Visa Credit Card and Account issued by Inspirus Credit 
Union. In this Agreement the words “you,” “your,” “yours,” “applicant,” and “Borrowers” 
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 “Lender” mean Inspirus Credit Union. The word “Card” means any one or 
more  credit  cards  issued  under  this  Account.  If  you  sign  an  application  for  this 
Account or sign or use any Card or PIN, or allow others to use the Card or PIN, 
you and they will have accepted this Agreement just as if you and they signed it, 
and you and they, jointly and severally, will be bound by the following terms and 
conditions which will govern this Account.

2.  PURCHASES AND CASH ADVANCES.

You must sign the Card to use it. Once you have signed the Card, you can use it to buy 
or lease goods or services, wherever the Card is honored, up to the full amount of your 
credit line. You may use your Account to get cash advances from us. You may also use 
your Card to get a cash advance from participating financial institutions, at designated 
automated teller machines (ATMs), by telephone request, and Visa loan checks.

3.  YOU PROMISE TO PAY.

You promise to pay us all such amounts, plus any Interest Charges, which arise from 
use of the Card or Account by you or any other person, and to be jointly and severally liable 
with such a person, unless such other person does not have actual, implied, or apparent 
authority for such use, and you received no benefit from the use. You promise to pay us 
either by direct payment or by automatic transfers from shares or payroll deduction.

4.  CREDIT LINE.

This Agreement will constitute a revolving line of credit for an amount which will be the 
credit line under your Account. You may access your credit line through Visa Credit Card 
purchases or cash advances at participating merchants. We will advise you of the amount 
of your credit line. That amount will be the maximum amount you may have outstanding 
at any one time. You agree not to attempt to obtain more credit than the amount of your 
credit line. We retain the right to increase or decrease your credit line at any time. Any 
increase  or  reduction  on  the  limit  of  your  credit  line  will  be  shown  on  your  monthly 
statement or by separate notice together with any changes in the applicable minimum 
monthly payments. Your eligibility for this credit line is determined by our loan policy and 
may be terminated at our sole discretion, without demand or notice. You may close your 
credit line at any time by notifying us in writing. If you terminate this Agreement or if we 
terminate or suspend your credit privileges, the provisions of this Agreement and your 
liability hereunder shall otherwise remain in full force and effect until you have paid us all 
sums due us under this Agreement.

20170619001  Rev./2017

M – 121992

5.  MINIMUM MONTHLY PAYMENT.

You agree that you will pay each month not less than the minimum monthly payment 
on or before the scheduled monthly due date. The minimum monthly payment will be 
2.0% of your outstanding balance (“New Balance”) or $25.00 whichever is greater. If 
your outstanding balance is $25.00 or less, you agree to pay the balance in full. You may 
pay in full for all your purchases and cash advances each month, or you may repay in 
monthly  installments.  We  can  accept  late  payments  or  partial  payments,  or  checks, 
drafts, or money orders marked “payment in full” without prejudice to our rights under 
this Agreement, which are hereby explicitly reserved. A credit posting from a merchant or 
reversal of fees do not constitute a minimum payment. The minimum payment may be 
allocated  at  the  Credit  Union’s  discretion  to  pay  off  lower  rate  balances,  such  as 
promotional offers, before higher rate balances, such as cash advances or purchases. 
Payments  in  excess  of  the  minimum  payment  will  be  allocated  first  to  higher  rate 
balances,  as  applicable.  From  time  to  time,  we  may  allow  you  to  skip  your  minimum 
monthly payment (excluding portion of payment for debt protection). If you choose to skip 
that  payment,  Interest  Charges  will  continue  to  accrue  in  accordance  with  this 
Agreement. Payments received at: VISA, P.O. Box 60510, City of Industry, CA 91716- 
0510 at or before 5:00 PM Pacific Time on any business day will be credited to your 
Account as of that date; payments received by mail at that address after 5:00 PM Pacific 
Time,  on  a  weekend  or  federal  holiday  will  be  posted  to  your  Account  as  of  the  next 
business day. Payment crediting to your Account may be delayed up to five days if your 
payment is received by mail at any other address or not accompanied by the remittance 
portion of your Account statement.

6.  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  your  Account.  If  you 
default, we will have the right to recover any of these goods which have not been paid for 
through application of your payments in the manner described in Section 5. Except for 
Real Estate loans, collateral securing other loans with the Credit Union may also be used 
to secure this Account. You also pledge all of your present and future shares and 
any earnings thereon as security for obligations under your Account.

7.  MONTHLY STATEMENTS.

Each  month  we  will  send  you  a  statement  showing  purchases,  cash  advances, 
payments, and credits made to your Account during the billing cycle, as well as your “New 
Balance,” any Interest Charge, and any late charge or other charges. Your statement also 
will identify the minimum monthly payment you must make for that billing period and the 
date it is due. You agree to retain for statement verification copies of transaction slips 
resulting from each purchase, each advance, and other transactions on your Account. 
Unless you notify us of a billing error, you accept your monthly statement as an accurate 
statement of your Account with us.

8.  CIRCUMSTANCES UNDER WHICH AN INTEREST CHARGE WILL BE
     IMPOSED.

The total outstanding balance of purchases and cash advances in the Account on the 
closing date of a billing cycle, including any Interest Charge, will be shown on the Periodic 
Statement for that billing cycle as the “New Balance.”

a.  Cash Advances. An Interest Charge will be imposed on cash advances from the 
date each cash advance is made to the date paid. There is no time period within 
which to pay to avoid a periodic Interest Charge on cash advances.

b.  Purchases. An Interest Charge will be imposed on the portion of purchases included 
in the New Balance that remains unpaid within 25 days after the closing date. This 
“grace  period”  allows  you  to  avoid  an  Interest  Charge  on  purchases  for  a  billing 
cycle. If you do not pay the New Balance for purchases within the grace period, your 
Interest Charge will accrue on any unpaid purchase transactions from the date of 
purchase.

9.  METHOD USED TO DETERMINE THE BALANCE ON WHICH THE 
INTEREST CHARGE MAY BE COMPUTED AND AMOUNT OF INTEREST 
CHARGE.

The Credit Union calculates the Periodic Interest Charge on your Account by applying 
the Periodic Rate to the Average Daily Balance of purchases and cash advances for your 
Account. To get the Average Daily Balance we take the beginning purchase and cash 
advance balance of your Account each day, add any new purchases and cash advances, 
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 by the number of days in the billing 
cycle. This gives us the Average Daily balance for both purchases and cash advances. 
However, no Interest Charge is imposed on the portion of purchase transactions that are 
paid within 25 days of the closing date of the previous billing cycle.

10.  ANNUAL PERCENTAGE RATE AND PERIODIC RATE.

The Interest Charge imposed during the billing cycle will be determined by multiplying 
the Average Daily Balance by the Monthly Periodic Rate. The Annual Percentage Rate is 
divided by 12 to produce the Monthly Periodic Rate. Your variable Annual Percentage 
Rate is calculated by adding a percentage (or “margin”) to the Prime Rate as published in 
the Wall Street Journal. The margin applicable to your APR can be found in the Account 
Opening Disclosure incorporated into this Agreement. Rate adjustments will take effect 
on the first day of the billing cycle, based on the Prime Rate as of the last day of the 
previous month.   Any change in the Prime Rate will affect the amount of your payment 
and the number of payments you will make. The “Total Interest Charge” shown on your 
monthly statement consists of the periodic Interest Charge on purchases and the periodic 
Interest Charge on cash advances. 

11.  CONDITIONS UNDER WHICH OTHER CHARGES MAY BE IMPOSED.

We may impose the following fees and charges on your Account:

a.  Late Fee. If your minimum monthly payment is not paid within five (5) days of the 

due date, your account may be assessed a late fee of $27.00.

b. Miscellaneous Photocopying. If you request a copy of a sales draft or other 
document, we may charge your Account $3.00 per copy and $8.50 per half hour. 
These charges cover the costs of locating, copying, and delivering the documents 
to you. If a request is related to a billing error and an error is found, we may reverse 
any photocopying charges.

c.   Replacement Card Charge. A $10.00 per card charge may be imposed for each 

replacement card you request, regardless of the reason.

d.  Card Rush Fee. $25.00 for two day delivery.

e.  Returned Payment Charge. A $25.00 charge may be imposed for each check  

that is returned to the Credit Union for insufficient funds or Account closure.

f.   Stop Payment Fee. A $5.00 fee may be charged for any Visa loan check you write 

and request us to stop payment of.

g.  Attorney’s  Fees  and  Collection  Costs.  If  you  default  on  any  part  of  this 
Agreement, you agree to pay us all costs to collect your Account, including court 
costs and reasonable attorney fees, including in-house collector fees equal to the 
statutory attorney fees as set forth in RCW 4.84.080 and outside collection agency 
costs  (whether  or  not  there  is  a  lawsuit);  fees  on  any  appeal;  and  fees  for 
bankruptcy  proceedings,  appeals,  and  any  post-judgment  collection  services,  if 
applicable.

h.  ATM  Fees.  If  you  use  an  ATM  to  obtain  a  cash  advance  and  the  ATM  is  not 
operated by us, you may be charged an ATM surcharge by the ATM operator or an 
ATM network utilized for such a transaction. The ATM surcharge may be charged 
to your account if you complete the transaction.

i.   Cash Advance Fee.  A 2.5% fee may be assessed on the advanced amount.

j.   International Transactions.  A 1% fee is charged on all international 

transactions, regardless of whether or not currency conversion is involved.

12. CONDITIONS OF CARD/ACCOUNT USE.

The use of your Card and Account is subject to the following conditions:

a.  Ownership of Cards. Any Card or other credit instrument or device which we 
supply to you is our property and must be returned to us, or to any person whom 
we authorize to act as our agent, or to any person who is authorized to honor the 
Card, immediately according to instruction. The Card may be repossessed at any 
time in our sole discretion without demand or notice. You cannot transfer your 
Card or Account to another person.

b.  Honoring the Card. Neither we nor merchants authorized to honor the Card will 

be  responsible  for  the  failure  or  refusal  to  honor  the  Card  or  any  other  credit     
instrument or device we supply to you. If a merchant agrees to give you a refund 
or  adjustment,  you  agree  to  accept  a  credit  to  your  Account  in  lieu  of  a  cash 
refund. You may not use the Card for any illegal or unlawful transaction, and we 
may decline to authorize any transaction that we believe poses an undue risk of 
illegality or unlawfulness.

c.  Visa Loan Checks. We may not honor a Visa loan check if: your check is post- 
dated, payment of the check would exceed your credit limit, a check is signed by 
a  person  without  authorized  access,  your  account  has  been  terminated  or 
suspended,  or  any  checks  have  been  lost,  stolen,  or  expired.  You  may  stop 
payment  on  a  Visa  loan  check  if  you  provide  us  with  the  exact  information 
describing  the  check.  If  you  give  us  incorrect  information,  we  will  not  be 
responsible for failing to stop payment. You understand there may be a charge for 
each stop payment request.

d.    Currency  Conversion.  Cash  withdrawals  and  purchases  made  in  foreign 
countries  will  be  posted  to  your  account  in  U.S.  dollars.  The  charge  will  be 
converted into U.S. dollars at the exchange rate established in accordance with the 
operating  regulations  for  international  transactions  established  by  the  network 
processing your transaction. For Visa transactions, 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. You will be charged a fee of 1% 
of the transaction amount if the transaction was initiated or processed in a foreign 
currency or country.

e.   Notices and Payments. All notices will be sent to your address as shown on the 
application. You agree to advise us promptly if you change your mailing address. 
All payments should be mailed to us at the remittance address shown on your 
monthly statements. Payments received at that address will be credited to your 
Account as of the date received.

f.  Personal Identification Number. We may issue you a Personal Identification 
Number  (“PIN”)  for  use  with  your  Card  at  automatic  teller  machines  (“ATMs”). 
These numbers are issued to you for your security purposes. These numbers are 
confidential and should not be disclosed to third parties. You are responsible for 
safekeeping your PIN. You agree not to disclose or otherwise make available your 
PIN  to  anyone  not  authorized  to  sign  on  your  Accounts.  To  keep  your  Account 
secure, please do not write your PIN on your card or keep it in the same place as 
your card.

g.  Illegal Use. You cannot use your Card for gambling purposes or in connection 

with any illegal activity.