Standard & Platinum Credit
Card Agreement & Disclosure

PO Box 727 Goshen, IN 46527

KEEP THIS FOR FUTURE USE
NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION REGARDING YOUR RIGHTS TO DISPUTE BILLING ERRORS. 

In this Agreement the words “you” and “your” mean each and all those who apply for the Card; “Card” means the MasterCard Standard and Platinum credit card and any dupli-
cates, renewals or substitutions the Credit Union issues to you; “Account” means your MasterCard credit account with the Credit Union, and “Credit Union” means the Credit
Union whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement. “We, “ “Us,” and “Ours” means this Credit Union. By applying for
or using your credit card, you have agreed to the following provisions, as amended from time to time.

1. Responsibility.
If we issue you a Card, you agree to repay all debts and the FINANCE CHARGE arising
from the use of the Card and the Card account. For example, you are responsible for charges made by your-
self,your spouse and minor children. You are also responsible for charges made by anyone else to whom you
give the Card, 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 account balance continues even though an agreement, divorce decree or other court
judgment  to  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 and severally liable with you for the charges he or she makes,
but 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. The Credit Union reserves the right to change the periodic
rate(s) or otherwise amend this Agreement in accordance with fee schedules adopted by the Credit Union
from time to time.
2. Lost Card Notification. If you believe the Card has been lost or stolen, you must immediately call the
Credit Card Center at 800-449-7728.
3. Authorized Users. Authorized users have no financial responsibility for this account. You are responsible
for all charges made by any appointed authorized user(s). Authorized user(s) will have access to account
information, however they will not have the same rights or privileges as you. Authorized users may not: (a)
add, edit, or remove account signers; (b) make amendments or changes to the credit card account, including,
but  not  limited  to,  closing  the  account  or  making  changes  to  credit  limits;  (c)  request  new  or  replacement
cards, PINs, or statements; or (d) request balance transfers. Authorized user(s) agree that we may report this
account to the credit bureaus on their behalf. 
4. Your Responsibility and Liability for Unauthorized Use. You will have no liability for unauthorized pur-
chases  made  with  your  Credit  Card.  You  may  be  liable  for  unauthorized  use  for  cash  advances  at  ATMs
(Automatic Teller Machines) where as your liability shall not exceed the lessor of $50.00 or the amount of the
unauthorized use. If your Card is lost, stolen or if you are afraid someone used or may use your Card without your
permission, you must notify the Credit Card Center at 800-449-7728. If notice is given orally you will promptly con-
firm it in writing. The Credit Union may require you to provide us certain information in writing to help us investigate
any unauthorized uses. Further, you agree to cooperate and assist us or any government or law enforcement
agent or agency in investigating, collecting or pursuing any other rights (civil and criminal) relating to any unau-
thorized use. In this regard, you agree to file an appropriate police report when asked to do so.
5. Credit Line. If we approve your application, we will establish a self replenishing 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. If such credit limit is exceeded, the entire balance of your account or the amount over
the credit limit may, at the Credit Union’s option, become immediately due and payable on demand. Each pay-
ment you make on the account will restore your Credit Line by the amount of the payment which is applied to
the principal. You may request an increase in your Credit Line only by written application to us, which must be
approved by our loan committee or loan officer. We may reduce your Credit Line from time to time, or with
good cause, revoke your card and terminate this Agreement. Good cause includes, but is not limited to, your
failure to comply with this Agreement, or our adverse reevaluation of your creditworthiness. You may also ter-
minate this Agreement at any time by providing us written notice, but termination by either of us does not affect
your obligation to pay the account balance. The Card remains our property and you must recover and surren-
der to us all Cards upon our request and upon termination of this Agreement.
6.  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 bureaus
and other creditors who inquire of us about your credit standing.
7.  Monthly  Payment. We  will  mail  you  a  statement  or  provide  one  to  you  electronically  via  e-mail  in  any
month in which the Card has a debit or credit balance in excess of $1.00. Every month you must pay at least
the Minimum Payment within 25 days of your statement closing date. You may, of course, pay more frequent-
ly,  pay  more  than  the  Minimum  Payment,  or  pay  the  Total  New  Balance  in  full,  and  you  will  reduce  the
FINANCE CHARGE by doing so. The Minimum Payment will be either (a) 2% of your Total New Balance, or
$25.00, whichever is greater, or (b) your Total New Balance if it is less than $25.00 plus (c) any portion of the
Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total
New Balance exceeds your Credit Line, you must immediately pay the excess upon demand. We will apply
your  minimum  payments  first  to  any  fees;  then  to  any  credit  insurance  charges;  then  to  any  FINANCE
CHARGES; then to previously billed cash advances; then to previously billed purchases; then to new cash
advances; and then to new purchases.  Payment amounts over or above the required minimum payment, will
be applied to the balances with the highest annual percentage rate.
8. Variable Annual Percentage Rate (APR). Variable (APR) may change when the Prime Rate changes.
The interest rate margin is between 5.65% and 16.65%; the margin is added to the Prime Rate to determine
the APR. As of October 1, 2015 the APR for Purchase transactions was between and 8.9% and 19.90%. The
daily periodic rate is determined by taking the APR and dividing it by 365. The interest rate margin is deter-
mined based on most recent credit information; subject to be reassessed every 6 months.
9. Finance Charges. There is no FINANCE CHARGE on purchases if the New Balance is paid in full by the
due  date  on  the  statement  on  which  these  purchases  first  appear.  If  not  so  paid,  the  New  Balance  of
Purchases,  and  subsequent  purchases  from  the  date  they  are  posted  to  your  account,    will  be  subject  to
FINANCE CHARGE. Cash advances are always subject to FINANCE CHARGE from the date they are post-
ed to your account. The principal balances of purchases and cash advances are determined each day during
the statement period, beginning with the principal portion of your Previous Balances, reduced by payments
you make and credits we apply, and increased by purchases and cash advances you make and debit adjust-
ments we make during the statement period. The daily principal balances are totaled, and divided by the num-
ber of days in the statement period, to produce separate average daily principal balances for purchases and
cash advances to which the periodic rate is then applied. 
10. Default. You will be in default if: (a) you fail to pay the Minimum Payment by the Payment Due Date; (b)
the Credit Union, in its sole discretion, feels insecure (for example: Our good faith belief that your ability to
pay your account is impaired; use of your account in any manner or in any way that may expose the Credit
Union to a risk of loss; etc.); (c) your ability to repay is materially reduced by a change in your employment,
by an increase in your obligations, by bankruptcy or insolvency proceedings invoIving you, by your death; (d)
you exceed your credit limit without our permission; (e) you have made a false or misleading statement to us
in your application or otherwise; (f) you are in default under any other Agreement with us; (g) if you use or
authorize the use of any Cards to make or facilitate any illegal transaction; or (h) you fail to perform any of
your other obligations under the terms of this agreement as it may be amended from time to time. In the event
of  your  default,  your  account  balance  and  interest  accrued  shall  be  immediately  due  and  payable  without
notice or demand. We shall be entitled to pursue all remedies under Indiana law and you agree that the venue
of any lawsuit arising out of this Agreement shall be any of the Superior Courts of Elkhart County, Indiana. In
the event of your default, you shall also be liable for our costs of collection and attorney fees. In the event of
your default, we shall be entitled to the immediate possession of the Card without notice or demand. You
agree that the law of the state of Indiana shall apply to this Agreement and any legal proceedings brought to
enforce any term or provision of this Agreement.
11. Using the Card. To make a purchase or cash advance, there are two alternative procedures to be fol-
lowed. One is for you to present the Card to a participating MasterCard plan merchant, to us or another finan-
cial institution, and, if required, sign a sale or cash advance draft; or you may also make purchases or cash
advances by telephone, mail, or other electronic devices. You authorize us to honor any purchase or cash
advance you make by telephone, mail, or other electronic devices on this account. You agree that a signature
is not necessary as identification in such cases. The other is to complete the transaction by using your per-
sonal identification number (PIN) in conjunction with the Card in an automated teller machine or other type
of  electronic  terminal  that  provides  access  to  the  MasterCard system.  The  personal  identification  number
must be protected by you and will not be carried with your MasterCard card at any time. The monthly state-
ment will identify the merchant, electronic terminal or financial institution at which transactions were made,
but sales, cash advance, credit or other slips cannot be returned with the 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.
12. 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 author-
ize to use your account, whether or not you notify us that he or she will be using it. If someone else is author-
ized 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.
13. Returns Adjustments. Merchants and others who honor the Card may give credit for returns or adjust-
ments, and they will do so by sending us a credit slip which we will post to your account. If your credits and
payments exceed what you owe us, we will hold and apply this credit balance against future purchases and
cash advances, or if it is $1.00 or more, refund it on your written request or automatically after 6 months. 
14. 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 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.
15. Foreign Transactions. CURRENCY CONVERSION FEE: If you effect or authorize a transaction with
your access device in a currency other than US Dollars, MasterCard will convert the charge into a US Dollar
amount.  The  MasterCard currency  conversion  procedure  includes  use  of  either  a  government-mandated
exchange  rate,  or  a  wholesale  exchange  rate  selected  by  MasterCard,  as  applicable.  The  exchange  rate
MasterCard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the
rate in effect on the date of the purchase or the date the transaction was posted to your account. A Currency
Conversion Fee of up to 1% will be applied to transactions that are converted from foreign currencies to U.S.
dollars.  CROSS-BORDER  TRANSACTION  FEE:  In  addition,  MasterCard charges  us  a  Cross-Border
Assessment up to 1% on each transaction on all cross-border transactions regardless of whether there is a
currency conversion. For purposes of this Section, "cross-border transaction" shall include both (a) transac-
tions initiated in a foreign country which are subsequently settled in the United States, and (b) transactions
initiated in the United States but which are ultimately settled in a country outside of the United States. The
Credit Union will assess these fees to you to reimburse it for the fee it is required to pay for each of your trans-
actions subject to these terms. The Cross-Border Transaction Fee will be shown separately on your periodic
billing statement. The Currency Conversion Fee, if it applies to the transaction, will be included in the transac-
tion amount posted on your statement.
16. Credit Union’s Liability. We are not responsible for the refusal of any plan merchant or financial institu-
tion to honor your Card, you agree to settle all disputes arising from purchase directly with the merchant who
honored the Card, and except as provided by the fair credit billing act to pay the Credit Union all amounts
shown on the statement in spite of such disputes. If our system is not working, we may not be able to author-
ize 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.
17. Security Interest. You hereby grant to us a security interest in the goods purchased by the card which
shall serve as collateral security for the performance by you of your obligations under this Agreement, including
your obligation to make any Minimum Payment by the due date. In the event of your default as described in
paragraph #10 above, we shall be entitled to all the remedies of a secured party under Indiana law, including
the right to take possession of the collateral security. You agree that we are authorized to file whatever docu-
ments are necessary to perfect our security interest, including without limitation financing statements.
18. 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.
If you do not want to accept the changes or amendments, you can choose not to accept the changes in the
notice by cancelling your credit card account.  To cancel your credit card account you must do so by a written
letter advising us that you do not want to accept the changes.  Send the letter to:  Interra Credit Union, P.O.
Box  727,  Goshen,  IN  46527.    If  you  choose  not  to  accept  any  changes  or  amendments:    You  will  still  be
responsible for any outstanding balances on your credit card account; Your credit card account will no longer
be available for any use or activity; Any reward points you have earned will be forfeited.
19. Annual Fee. None.
20. Other Fees.

     • Late payment fee of $18.50 if the minimum payment due is not paid in full within 10 days after the due

date.

     • Cash advance fee shall be a 2% charge of the amount advanced.
     • ATM withdrawals are subject to a 2% charge of the withdrawal amount.
     • Balance transfers will be imposed a 2% fee. 
     • Card center phone payment fee $5.00.
     • Returned payment or Insufficient funds fee - We will charge your account a $5.00 fee if your payment
by  any  method,  including  check,  electronic  transfer,  home  banking  transaction  or  otherwise,  is  not
honored, collected by us, or if we must return it to you because if cannot be processed for any rea-
son.

21. Moving. The Credit Union may revoke your card and terminate this Agreement if you relocate to another
state. We can revoke your Card if you move to a state where the Credit Union must be registered.
22. Change of Address. You shall notify the Credit Union in writing if there is an address change. If we were
not notified you could be liable for any unauthorized use. You also understand that the Credit Union cannot
be responsible for timelessness of any mail system.
23. Non-Use. The Credit Union may revoke your Card and terminate this Agreement if there has been no
activity on the account for at least 12 consecutive months.
24. No Waiver. The Credit Union can delay enforcing any of its rights any number of times without losing
them.
25. Using the Account. You understand that any of you Individually may increase the credit line (provided
you qualify and the Credit Union approves the increase), reduce the credit line, or terminate the Agreement
as to future loans by notifying the Credit Union in writing. Increases in the credit line shall take effect upon
approval by the Credit Union. Reductions in the credit line and terminations of the Agreement as to future
loans shall take effect on the next business day after the written notice is delivered by any of you to the loan
department at the Credit Union. Termination of the Agreement shall not affect the rights of the Credit Union
or the obligations of the Member and any joint owners with respect to obligations in existence at the time of
termination. Each of the undersigned applicants certifies under the pains and penalties of perjury that he/she
is at least eighteen (18) years of age, has read the foregoing Agreement, and jointly and severally agrees to
abide by the foregoing terms and provisions.
26. Delay in Enforcement/Waivers. The Credit Union may delay or waive enforcement of any of the provi-
sions  of  this  Agreement,  including  any  Agreements  to  make  timely  payments,  without  losing  its  right  to
receive notice of any waiver or delay or presentment, demand, protest or dishonor. You also waive any appli-
cable statute of limitations to the full extent permitted by law and any right you may otherwise have to require
the Credit Union to proceed against any person before suing you to 
collect.
27. Governing Law/Severability. This Agreement shall be governed by and construed in accordance with
the laws of Indiana. In the event any one or more of the provisions of this Agreement will for any reason is
held to be invalid, illegal or unenforceable, the remaining provisions will remain valid and enforceable. 
28. Electronic Communications.  You agree that we have no obligation, liability or responsibility to respond,
act upon, or follow any instruction to us that is received electronically, by e-mail or otherwise, unless we are
able  to  authenticate  the  communication  to  our  satisfaction.  You  further  acknowledge  and  agree  that  the
Internet is inherently insecure; and agree that we have no liability for any loss, claim or damages that arises
or in anyway relates to our response(s) to any e-mail or other electronic communication which we believe you
have submitted to us.
29. Cash Advances. The Credit Union will charge a cash advance fee (no minimum or maximum) when you
access the cash credit line on your credit card account through an ATM, convenience check or at a bank's
teller window. The fee charged will be a percentage of the amount withdrawn or advances. Finance charges
typically accrue from the date of the advance, without the grace period normally present with purchases.
30. Balance Consolidation. The credit union will charge a balance consolidation fee when you choose to 
31. ATM Transactions. Withdrawals at ATM machines may be made using your Credit Card and personal
identification number.  Cash withdrawals may not exceed $300.00 per transaction and $500.00 per calendar
day.  Except  as  otherwise  provided  in  this  Agreement,  advances  through  ATM access  will  be  treated  as  a
Cash Advance under this Agreement. Owners of ATM’s that we do not own may charge fees in addition to
any fees described in this Agreement.  This is not a fee charged by your Credit Union; however, any such fee
will be added to your card account.  The party charging the fee is required to provide appropriate disclosures
to you with regard to any such fees.
32. Rewards, Incentives, Promotions. The Credit Union reserves the right to terminate the programs or por-
tions thereof at any time without restriction or penalty. This means that regardless of your level of activity in
the program, the ability to accumulate points or claim rewards can be terminated with or without prior notice.
The redemption value of points already accumulated, may be changed at any time without notice and without
restriction or penalty. The Credit Union also reserves the right to cancel any cardholders prior earned points,
rewards, cash/merchandise back or any other item of value if you are in default as stated in paragraph eight
(8). Awards are not available when a cardholder  is in default under the credit card agreement. Any points or
awards are earned only with purchases, cash advance transactions are not eligible towards earning points or
any award/reward.
33. Skip Payment Option. At our option, we may offer you the opportunity to not make (“skip”) a minimum
payment during certain designated billing cycles (“skip payment period”).  If you do not make your minimum
payments as provided in this Agreement, during such designated billing cycles, you understand that we will
continue to apply finance charges to the account.  Beginning with the billing cycle following an allowed skip
payment period, all other provisions of this Agreement apply.  We have no obligation to accept your applica-
tion for any skip payment period offered.
34.  Insurance. If  you  elect  any  type  of  insurance  or  debt  protection  offered  by  the  Credit  Union,  then  the
charges will be added to your account balance on each billing cycle. Any type of insurance or debt protection

offered by the Credit Union is voluntary and is not required to obtain a credit card account with us. You have
the right to terminate any type of insurance or debt protection offered by the Credit Union at any time by noti-
fying us in writing.
35.  Correction  of  Errors  and  Omissions. You  agree  to  fully  cooperate  in  correcting  any  errors  in  the
Application or Agreement that we request within the first 30 days after the account is opened, if we believe
such corrections are necessary or desirable. We will bear all costs of preparing any documents necessary for
such corrections.

YOUR BILLING RIGHTS
This notice contains important information about your rights and our responsibilities under the Fair Credit
Billing Act.

Notify Us In Case of Errors or Questions About Your Bill
If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a
separate sheet at the address listed on your bill. Write to us as soon as possible. We must hear from you
no later than 60 days after we sent you the first bill on which the error or problem appeared. You can tele-
phone us, but doing so will not preserve your rights.

In your letter, give us the following information:

 • Your name and account number. 
 • The dollar amount of the suspected error.
 • Describe the error and explain, if you can, why you believe there is an error. If you need more information,

describe the item you are not sure about.

If you have authorized us to pay your credit card bill automatically from your savings or checking account,
you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us
three business days before the automatic payment is scheduled to occur.

Your Rights and Our Responsibilities After We Receive YourWritten Notice
We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90

days, we must either correct the error or explain why we believe the bill was correct.

After we receive your letter, we cannot try to collect any amount you question, or report that amount as delin-
quent. We can continue to bill you for the amount you question, including finance charges, and we can apply
any unpaid amount against your credit limit. You do not have to pay any questioned  amount while we are
investigating, but you are still obligated to pay the parts of your bill that are not in question.

If we find that we made an error on your bill, you will not have to pay any finance charges related to any ques-
tioned amount. If we did not make an error, you may have to pay finance charges, and you will have to make
up any missed payments on the questioned amount. In either case, we will send you a statement, the amount
you owe and the date that it is due.

If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our expla-
nation does not satisfy you and you write us within ten days telling us that you still refuse to pay, we must tell
anyone we report you to that you have a question about your bill. And, we must tell you the name of anyone
we reported you to. We must tell anyone we report you to that the matter has been settled between us when
it finally is.

If we do not follow these rules, we  can’t  collect the first $50.00 of the questioned amount, even if your bill is
correct.

Special Rule for Credit Card Purchases
If you have a problem with the quality of property or services that you purchased with a 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 property or services. There are two limitations to this right:

(a) You must have made the purchase in your home state or, if not, within 100 miles of your current mailing
address; and (b) The purchase price must have been more than $50.00.

These limitations do not apply if we own or operate the merchant, or we mailed you the advertisement for the
property or services.

PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases,
Cash Advances, & Balance Transfers

MasterCard Standard
11.90%, 15.90% or 19.90%

depending on your credit history. This APR will
vary with the market based on the Prime Rate.

MasterCard Platinum
8.90%, 12.90% or 16.90%

depending on your credit history. This APR will        
vary with the market based on the Prime Rate. 

Paying Interest

Your due date is at least 21-days after the close of each billing cycle. We will not charge you any interest 
on purchases if you pay your entire balance by the due date each month. We will begin charging interest 
on cash advances and balance transfers on the transaction date.

Minimum Interest Charge

None

For Credit Card Tips from the Consumer
Financial Protection Bureau

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

Fees to Open or Maintain your Account:

Annual Fee
Application Fee

None
None

Transaction Fees:  

Balance Transfer
Cash Advance
Foreign transactions

of the amount of each transfer
of the amount of each cash advance

2% 
2% 
Up to 1% of each transaction in U.S. dollars if the transaction involves a currency conversion
Up to 1% of each transaction in U.S. dollars if the transaction does not  involves a currency conversion

Penalty Fees:          

Late Payment
Over-the-Credit Limit
Returned Payment

Up to $18.50 if your payment is late 10 days after due date
None
Up to $5.00 if your payment is returned for any reason

How we will calculate your balance: We will use a method called “average daily balance (including new purchases”). See your account agreement for more
details.

Billing rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

The information about the costs of the card described in this application is accurate as of 04.01.16. This information may have changed after that date. 
To find out what may have changed, call 574.534.2506 or visit interracu.com, or write Interra Credit Union, PO Box 727, Goshen, IN 46527.

04.16R