CREDIT CARD AGREEMENT 

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  Commonwealth  Credit  Union  or  its 
successors. 

INTEREST 

SECURITY:  YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL 
SECURITY INTEREST IN  ALL INDIVIDUAL  AND JOINT  ACCOUNTS 
YOU  HAVE  WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE 
REPAYMENT  OF  CREDIT  EXTENDED  UNDER  THIS  AGREEMENT. 
YOU  ALSO  AGREE  THAT  WE  HAVE  SIMILAR  STATUTORY  LIEN 
RIGHTS  UNDER  STATE  AND/OR  FEDERAL  LAW.  THE  GRANTING 
OF  THIS  SECURITY 
IS  A  CONDITION  FOR  THE 
ISSUANCE OF CREDIT UNDER THIS AGREEMENT. IF YOU ARE IN 
DEFAULT, WE CAN APPLY YOUR SHARES TO THE AMOUNT YOU 
OWE. Shares and deposits in an Individual Retirement Account or any 
other  account  that  would  lose  special  tax  treatment  under  state  or 
federal law if given are not subject to this security interest. 
If you have other loans with us, collateral securing such loans may also 
secure  your  obligations  under  this  Agreement,  unless  that  other 
collateral is your principal residence or non-purchase money household 
goods. 

Using  Your  Card.  You  can  purchase  or  lease  goods  and  services  from 
any merchant who honors your Card, and you may obtain cash advances 
from financial institutions and ATM machines that accept the Card, up to 
your maximum credit limit. You agree not to present your Card or obtain a 
cash advance for any extension of credit in excess of your available credit 
limit;  however,  if  you  do  exceed  your  credit  limit,  you  agree  to  make 
immediate  payment  sufficient  to  bring  the  balance  below  the  credit  limit. 
Certain  purchases  and  cash  advances  require  authorization  prior  to 
completion  of  the  transaction.  In  some  cases,  you  may  be  asked  to 
provide identification. If our system is not working, we may not be able to 
authorize a transaction, even though you have sufficient credit available. 
Also, for security reasons, we may block the use of your Card in certain 
countries or geographic areas. We will have no liability to you or others if 
any of these events occur.  

Personal  Identification  Number  (PIN).  We  may  issue  a  Personal 
Identification Number (PIN) for use with your Card. This PIN is confidential 
and should not be disclosed to anyone. You may use your PIN and your 
Card  to  access  your  account,  and  all  sums  advanced  will  be  added  to 
your  account  balance.  In  the  event  a  use  of  your  PIN  constitutes  an 
Electronic  Funds  Transfer,  the  terms  and  conditions  of  your  Electronic 
Funds Transfer Agreement may affect your rights.  

Promise  To  Pay.  You  promise  to  pay  us  in  U.S.  dollars  for  (a)  all 
purchases, cash advances, and balance transfers made by you or anyone 
whom you authorize to use the Card; (b) all Interest Charges and all other 
charges  or  fees;  (c)  collection  costs  and  attorney's  fees  as  permitted  by 
applicable law, and any costs incurred in the recovery of the Card; and (d) 
credit in excess of your credit limit that we may extend to you.   

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;  and  that  any  such  use  will  constitute  an  event  of  default 
under this Agreement. We may decline any transaction that we believe to 
be illegal under applicable law, including but not limited to any transaction 
involving or relating to any gambling activity. You agree that we will have 
no  liability  or  responsibility  for  any  such  use  by  you  or  any  authorized 
user(s);  or  for  declining  any  such  transaction.  You  further  agree  to 
indemnify  and  hold  us  harmless  from  any  suits,  liability,  damages  or 
adverse  action  of  any  kind  that  results  directly  or  indirectly  from  such 
illegal  use.  You  promise  to  pay  us  any  and  all  amounts  owing  on  your 
Card  for  any  transactions  made  by  you,  even  if  the  transaction  is 
determined to be illegal.  

Joint Accounts. Each of you will be responsible, jointly and severally, for 
the  repayment  of  amounts  owed,  regardless  of  who  initiated  any 
transaction under the account.  

Others  Using  Your  Account.  If  you  allow  anyone  else  to  use  your 
account,  you  will  be  liable  for  all  credit  extended  to  such  persons.  You 
promise  to  pay  for  all  purchases  and  advances  made  by  anyone  you 
authorize to use your account, whether or not you notify us that he or she 
will be using it. If someone else is authorized to use your account and you 
want to end that person's privilege, you must notify us in writing, and if he 
or she has a Card, you must return that Card with your written notice for it 
to be effective.   

Ownership  of  Card.  Your  Card  remains  our  property  and  may  be 
cancelled  by  us  at  any  time  without  notice. You  agree  to  surrender  your 
Card and to discontinue use of the account immediately upon our request. 

Interest  Charges.  Average  Daily  Balance  including  new  transactions: 
Interest  Charges  will  accrue  on  your  average  daily  balance  outstanding 
during  the  month.  To  get  the  average  daily  balance,  we  take  the 
beginning  balance  each  day,  add  any  new  purchases,  cash  advances, 
balance transfers or other advances, and subtract any  payments, unpaid 
interest charges, and unpaid late charges. This gives us the daily balance. 
Then, we add up all the daily balances for the billing cycle and divide that 
by  the  number  of  days  in  the  billing  cycle.  We  then  multiply  that  by  the 
periodic  rate  corresponding  to  the  Annual  Percentage  Rate  on  your 
account.  If  you  have  different  rates  for  purchases,  cash  advances  or 
balance  transfers,  separate  average  daily  balances  for  each  will  be 
calculated and the appropriate periodic rate is then applied to each. 

Grace  Period  on  Purchases  Only:  You  can  avoid  Interest  Charges  on 
purchases  by  paying  the  full  amount  of  the  new  balance  for  purchases 
each month by the date on which the payment is due. Otherwise, the new 
balance  of  your  account,  and  subsequent  advances  from  the  date  they 
are  posted  to  the  account,  will  be  subject  to  an  Interest  Charge.  You 
cannot  avoid  Interest  Charges  on  cash  advances;  even  if  you  pay  the 
entire cash advance balance by the payment due date, you will incur the 
Interest  Charges  accrued  from  the  date  the  cash  advance  is  posted  to 
your account.  
Fees.  In  addition  to  the  Interest  Charges  set  forth  above,  you  agree  to 
also pay any and all fees that you incur as disclosed to you on your Truth-
in-Lending  Statement  or  similar  disclosures  (as  may  be  amended  from 
time to time), or as disclosed to you during the term of your Card.  

If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You 
agree  to  notify  us  immediately  if your  Card  is  ever  lost  or  stolen  or  if  an 
unauthorized use may have occurred. "Unauthorized use" means the use 
of the Card by someone other than you who does not have actual, implied 
or apparent authority for such use, and from which you receive no benefit. 
The  telephone  number to call  is  (502)  564-4775  or  (800)  228-6420.  You 
agree to follow up your call with notice in writing to us at: P.O. Box 978, 
Frankfort, KY 40602-0978. You also agree to assist us in determining the 
facts,  circumstances  and  other  pertinent  information  relating to  any  loss, 
theft  or  possible  unauthorized  use  of  your  Card  and  comply  with  such 
procedures  as  we  may  require  in  connection  with  our  investigation.  You 
will be liable for any unauthorized use only if we can prove that you were 
grossly negligent in your use or handling of your Card, or if we can prove 
that you used your Card fraudulently. 

Minimum Payment Due; Crediting of Payments. Payments are due in 
the  amount  and  on  the  date  disclosed  on  your  billing  statement.  If  your 
payment is received by us on a business day at the address and by the 
time designated on the billing statement, it will be credited to your account 
on the date of receipt. If payment is made at any location other than the 
address  designated  on  the  periodic  statement,  credit  for  such  payment 
may be delayed up to five (5) days. Payments will be applied in any order 
we determine, subject to applicable law.  

9011 WORD FI14712 6-2010 

page 1 of 5 

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved. 

 
 
 
Default;  Acceleration;  Credit  Suspension;  Collection  Costs.  You  will 
be in default if: (1) you fail to make any payment on time; (2) if you fail to 
keep any promises you have made under this Agreement or under other 
Agreements  you  have  with  us;  (3)  if  you  die;  (4)  if  you  file  a  petition  in 
bankruptcy  or  have  a  bankruptcy  petition  filed  against  you,  or  if  you 
become involved in any insolvency, receivership or custodial proceeding; 
(5)  if  anyone  attempts  to  take  any  of  your  funds  held  by  us  via  legal 
process or if you have a judgment or tax lien filed against you; (6) if you 
make  any  false,  inaccurate,  or  misleading  statements  in  any  credit 
application  or  credit  update;  or  (7)  if  we,  in  good  faith,  believe  that  your 
ability to repay what you owe is or soon will be impaired, or that you are 
unwilling to make your payments.  
If you are in default, we have the right to demand immediate payment of 
your full account balance without giving you notice. If immediate payment 
is demanded, you agree to continue paying interest charges and fees until 
what you owe has been paid, and any shares that were given as security 
for your account may be applied towards what you owe. You agree to pay 
all  reasonable  costs  of  collection,  including  court  costs  and  attorney's 
fees,  and  any  costs  incurred  in  the  recovery  of  the  Card,  subject  to 
applicable law. Even if your unpaid balance is less than your  credit limit, 
you  will have no credit available during any time that any aspect of your 
account is in default.   

Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time 
offer additional services to your Account at no additional cost to you. You 
understand  that  we  are  not  obligated  to  offer  such  services  and  may 
withdraw or change them at any time.   

Convenience  Checks.  We  may,  at  our  discretion,  issue  checks  to  you 
which  may  be  used  for  any  purpose  other  than  making  a  payment  for 
credit to your account. By signing such check, you authorize us to pay the 
item for the amount indicated and post such amount as a cash advance to 
your  account.  We  do  not  have  to  pay  any  item  which  would  cause  the 
outstanding balance in your account to exceed your credit limit.   

Credit  Information.  We  may  from  time  to  time  request  personal 
information  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 when requested by us may result in suspension 
of  credit  privileges  under  this  Agreement,  including  your  ability  to  obtain 
any future advances by any means. You authorize us to investigate your 
credit standing when opening or reviewing your account. You authorize us 
to  disclose  information  regarding  your  account  to  credit  bureau  and 
creditors who inquire about your credit standing.  

Foreign  Transactions;  Currency  Conversion.  Purchases  and  cash 
advances made in foreign currencies will be billed to you in U.S. dollars. 
The conversion rate in dollars will be a rate selected by the card company 
from  a  range  of  rates  available  in  wholesale  currency  markets  for  the 
applicable central processing date, which rate may vary from the rate the 
card  company  itself  receives,  or  the  government-mandated  rate in  effect 
for 
instance.  All 
transactions  processed  outside  of  the  United  States  (which  may  include 
internet  transactions)  will  be  charged  a  foreign  transaction  fee  in  the 
amount disclosed on your Truth-in-Lending Statement (as amended from 
time to time).  

the  applicable  central  processing  date 

in  each 

Termination;  Change-in-Terms.  We  may,  by  written  notice,  terminate 
this Agreement at any time, subject to applicable law. You may terminate 
this  Agreement  by  written  notice.  Termination  by  either  party  shall  not 
affect  your  obligation  to  repay  any  payments  made  for  your  account 
resulting  from  use  of  the  Card  as  well  as  Interest  Charges  and  fees 

incurred.  We  may  change  the  terms  of  this  Agreement,  including  the 
method  of  calculating  the  periodic  rate,  at  any  time,  by  written  notice, 
subject  to  applicable  law.  Use  of  the  Card  constitutes  agreement  and 
acceptance  of  any  change  in  terms,  unless  applicable  law  requires 
otherwise.  Our  failure  to  exercise  any  of  our  rights  or  to  take  any  action 
shall not constitute a waiver of those rights, or an amendment or change 
in any of the terms of this Agreement.   

Late or Partial Payments. Any payment that delays the reduction of your 
balance  will  increase  your  total  interest  costs.  Partial  payments  or 
prepayments  will  not  delay  your  next  scheduled  payment  -  you  will  still 
need  to  make  the  minimum  scheduled  payment  by  the  next  scheduled 
due  date  to  keep  your  account  current.  We  may  accept  late  payments, 
partial  payments,  checks  or  money  orders  marked  "payment  in  full"  and 
such  action  shall  not  constitute  final  settlement  of  your  account  or  a 
waiver or forgiveness of any amounts owing under this Agreement.  

Enforcement.  We  do  not  lose  our  rights  under  this  or  any  related 
agreement  if  we  delay  enforcing  them.  If  any  provision  of  this  or  any 
related agreement is determined to be unenforceable or invalid, all other 
provisions remain in full force and effect.  

Returns  and  Adjustments.  Merchants  and  others  who  honor  the  Card 
may  give  credit  for  returns  or  adjustments,  and  they  will  do  so  by 
submitting a credit slip which will be posted to your account. If your credits 
and  payments  exceed  what  you  owe  us,  the  amount  will  be  applied 
against future purchases and cash advances. If the credit balance amount 
is $1 or more, it will be refunded upon your written or verbal request.  

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 
responsible for goods or services that you purchase with the Card unless: 
(a) your purchase was made in response to an advertisement we sent or 
participated in sending you; or (b) your purchase cost more than $50 and 
was made from a plan merchant in your state or within 100 miles of your 
home;  and  only  if  you  have  made  a  good  faith  attempt,  but  have  been 
unable to obtain satisfaction from the plan merchant. You must resolve all 
other  disputes  directly  with  the  plan  merchant.  We  do  not  warrant  any 
merchandise or services purchased by you with the Card.  

Statements and Notices. Statements and notices will be mailed to you at 
the most recent postal address or e-mail address (if you have elected to 
receive such documents via electronic means) you have given us. Notice 
sent to any one of you will be considered notice to all.  

Notification  of  Address  Change.  You  will  notify  us  promptly  if  you 
change  your  address  for  any  reason.  In  order  to  prevent  identity  theft, 
your identity may need to be verified before we act upon the notification.  

Copy Received. You acknowledge that you have received a copy of this 
Agreement.   

Governing  Law.  This  Agreement  shall  be  construed  under  federal  law 
and state law in the state in which we are primarily located, and the venue 
shall be located in the county and state in which we are primarily located. 
Operating  regulations  of  Visa  may  also  apply.  This  Agreement  is  the 
contract  that  applies  to  all  transactions  even  though  the  sales,  cash 
advance, convenience check, credit or other slips you sign or receive may 
contain different terms. 

PO Box 978 ● Frankfort, KY 40602-0978 

Phone 502.564.4775 ● 800.228.6420 
www.ccuky.org 

Fax 502.564.5740 ● 502.564.1001 

page 2 of 5 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BILLING RIGHTS NOTICE 

Your Billing Rights: 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  the 
address(es) listed on your statement.  

In your letter, give us the following information:  
1.  Your name and account number. 
2.  The dollar amount of the suspected error. 
3. 

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 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 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 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. 

page 3 of 5 

 
 
 
 
IMPORTANT CREDIT CARD DISCLOSURES 

The following disclosure represents important details concerning your credit card. The information about costs of the card are 
accurate as of _______________ . You can contact us toll free at (800) 228-6420 or the address on Page 2 to inquire if any 
changes occurred since the effective date. 

INTEREST RATES and INTEREST CHARGES: 

VISA PLATINUM 

VISA CLASSIC 

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

8.90% to 
19.70% depending 
on your credit history. 

10.70 to 
19.70% depending 
on your credit history. 

VISA PLATINUM AND 
VISA CLASSIC 
SECURED 

7.99% 

Paying Interest 

Your due date is at least 21 days after we mail your billing statement. We 
will not charge you interest on purchases if you pay your entire new 
purchase balance by the due date each month. However, we will begin 
charging interest on cash advances and balance transfers on the transaction 
date. 

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: 

Fees to Open or Maintain your 
Account: 

-  Annual Fee: 
-  Application Fee: 
Inactivity Fee: 
- 

Transaction Fees 

-  Balance Transfer: 
-  Cash Advance: 
-  Foreign Transaction: 

Penalty Fees 

- 

Late Payment: 

-  Returned Payment: 

None 
None 
None 

None 
None 
1% of each transaction in U.S. dollars if the transaction involves a currency 
conversion 
1% of each transaction in U.S. dollars if the transaction does not involve a 
currency conversion 

VISA PLATINUM/VISA PLATINUM SECURED: 
10% of the payment due if your payment is late 3 days or more with a 
minimum of $10.00 . 
VISA CLASSIC/VISA CLASSIC SECURED: 
5% of the payment due if your payment is late 3 days or more with a 
minimum of $5.00 . 
$25.00 if your payment is returned for any reason 

page 4 of 5 

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

Other Fees: In addition to the fees disclosed above, the following fees may be imposed: 
Rush Card $20.00 
Photo Card $10.00  

DAMAGED OR LOST CARD REPLACEMENT 
2nd time within 2 year period $5.00 
Any Other $5.00 
Additional Card $5.00 
Block $10.00 

CREDIT CARD RESEARCH 
Duplicate Statement or History $2.00 PER STATEMENT 
Copy of Authentic credit/debit card ticket $12.00 
Copy of Travel and Entertainment ticket $25.00         * 
*Subject to change without notice 

Copy of Original Check $2.00 

VISA ACCOUNT 
Credit Card Reward Fee (if you use your card once it has been blocked) $75.00 
Stop Payment $20.00         
Stop Payment on three or more checks $25.00 PER CHECK 

REPLACEMENT / LOST P.I.N. 
2 or more times within a two year period $2.00 

Minimum  Payment  Requirement:  3%  of  the  outstanding  balance,  subject  to  a  minimum  of  $10.00  or  the  balance  in  full  if  the  balance  is  less  than 
$10.00. 

page 5 of 5