CREDIT CARD AGREEMENT AND DISCLOSURE 
STATEMENT FOR YOUR MASTERCARD� ACCOUNT
Notice: Read and retain this copy of your Credit Card 
Agreement and Disclosure Statement for future reference.
TERMS USED 
IN THIS AGREEMENT: This Agreement and 
Disclosure Statement (�Agreement�) covers your 
MasterCard� Account (�Account�). In this Agreement �You� 
and �Your� mean any person who applies for or uses the 
Card. �We,� �our,� �us� and �Credit Union� mean Texas Dow 
Employees Credit Union (TDECU), the issuer of your 
MasterCard. The �Card� means any credit card issued to you 
or those designated by you under the terms of this 
Agreement. �Use of the Card� means any procedure used by 
you, or someone authorized by you, to make a purchase or 
an advance whether or not the purchase or advance is 
evidenced by a signed written document. �Unauthorized use 
of the Card� 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. In this Agreement, any plural terms shall be deemed 
singular and any singular terms shall be deemed plural when 
context and construction so require.
CONSENSUAL SECURITY INTEREST: You agree to give 
the Credit Union a security interest in any and all funds on 
deposit in accounts in which you have an ownership 
interest, both now and in the future, with the exception of 
retirement accounts or any other accounts that would lose 
special tax treatment under state or federal law if given as 
security. The granting of this security interest is a condition 
for the issuance of any Card that you may use, directly and 
indirectly, to obtain extensions of credit under this 
Agreement. This means that, if you are in default, the 
Credit Union can, without prior notice to you, take funds 
from any eligible account(s) in which you have an 
ownership interest and apply them as a credit against your 
credit card Account in any amount available up to the entire 
balance. Collateral securing other loans you have with the 
Credit Union may also secure this loan.
EXTENSION OF CREDIT:  The Credit Union has established 
a MasterCard Account in your name and one or more Cards 
will be issued to you or to those designated by you. By use 
of the Card or the Account you authorize the Credit Union to 
pay for your Account all items reflecting credit purchases 
and cash advances (including balance transfers).In no event 
will the late payment fee exceed the amount 
of the minimum payment due for the applicable 
statement period.
RETURNED PAYMENT FEE: We will charge you a 
returned payment fee each time you send us a payment 
that is returned unpaid for any reason. We will charge 
you this fee each time any payment is returned unpaid, 
even if it is paid upon resubmission. The amount of the 
returned payment fee is set forth in the Additional 
Disclosure. In no event will the returned payment fee 
exceed the amount of the minimum payment due for the 
applicable statement period.
OVER-THE-CREDIT-LIMIT FEE: You will not be charged 
an Over the Credit Limit Fee when using your Card.
BALANCE TRANSFER FEE:  You will not be charged a 
Balance Transfer Fee.
FEDEX FEE FOR EXPEDITING LOST, STOLEN, OR 
ADDITIONAL CARD: We will charge you a fee for the 
FedEx delivery of your card as set forth in the Additional 
Disclosure.
TELEPHONE PAYMENT: If you make a telephone 
request to make a payment, we will charge a 
Telephone Payment fee as set forth in the Additional 
Disclosure.
CREDITING OF PAYMENTS: All payments made on 
your Account at the address designated for payment on 
the monthly periodic statement, or made to a member 
service representative at any of our branch offices will 
be credited to your Account on the date of receipt. If the 
date of receipt for a mailed payment or a payment made 
at a branch drop box is not a business day, your 
payment will be credited on the first business day 
following receipt. The required minimum payment for your 
Account will be applied first to collection costs, then to 
any INTEREST CHARGES and other fees due, and then 
to the unpaid principal balance. 
BALANCE TRANSFERS: If you request a balance 
transfer to be made, you should not rely on a balance 
transfer to be made by any particular date. Although 
most balance transfers will be made sooner, it could 
take up to three weeks before payment to your other 
Account is made. Accordingly, you should continue to 
make all required payments on your other accounts until 
you confirm that the balance transfer has been made. 
Balance transfers may not exceed your available credit. 
Balance transfer requests will be  processed in the order 
you list them on the balance transfer request form or 
additional sheet if included. If a balance transfer request is 
more than the available credit limit, we will automatically 
lower the balance transfer amount to your available credit 
and complete the transfer.We will not close your other 
accounts, even if you transfer the entire balance. A  balance 
transfer cannot be used to pay TDECU credit card or loan 
balances. If you want to close your other accounts, you should 
contact the issuer directly. Transfer of a balance that 
contains disputed purchases or other charges may cause 
you to lose any dispute rights you may have with regard 
to those purchases or other charges. There is no grace 
period for balance transfers.
CREDIT INVESTIGATION: In conjunction with your 
application for credit and, if approved, maintenance of your 
Account, you agree that we have the right to: (1) 
investigate your credit and employment history, (2)  verify 
your credit references, (3)  request and use credit reports, 
and (4) report the way you pay your Account to credit 
bureaus and other interested parties. We may report the 
status and payment history of your Account to the credit 
reporting agencies each month. You are hereby notified 
that a negative credit report reflecting on your credit record 
may be submitted to a credit reporting agency if you fail to 
fulfill the terms of this Agreement. If you believe that the 
information we have reported to the credit reporting 
agencies is inaccurate or incomplete, please notify us in 
writing at Texas Dow Employees Credit Union, 1001 FM 
2004, Lake Jackson, TX 77566-4012. Please include 
your name, address, home telephone number, and 
Account number.
CONVENIENCE CHECKS: The Credit Union may issue 
checks at our discretion that may be used for any purpose 
other than making payment for credit to your Account. By 
signing such checks, 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 
that would cause the outstanding balance in your Account 
to exceed your credit limit.
ILLEGAL TRANSACTIONS: You may not use your Card or 
Account for any illegal purpose or unlawful transactions. 
You agree that we may decline to process any transaction 
that we believe in good faith to be for an illegal purpose. 
You agree that we will not be liable for declining to 
process any such transaction. If we do process any 
transaction that ultimately is determined to have been for 
an illegal purpose, you agree that you will remain liable to 
us under this Agreement for any such transaction 
notwithstanding its illegal nature. You agree that any illegal 
use of the Card will be deemed an act of default under 
this Agreement. You further agree to waive any right to 
take legal action against us for your illegal use of the Card 
and to indemnify, defend, and hold us harmless from and 
against any lawsuits, other legal action, or liability that 
results directly or indirectly from such illegal use.
FOREIGN TRANSACTIONS: If you effect a foreign 
transaction  with your MasterCard, MasterCard International will 
convert the charge into a U.S. dollar amount. MasterCard 
International will use its currency conversion procedure, which 
is disclosed to institutions that issue MasterCard 
cards.Currently, the currency conversion rate used by 
MasterCard International to determine the transaction amount 
in U.S. dollars for such transactions is generally either a 
government-mandated exchange rate or a wholesale exchange rate selected by 
MasterCard International for the 
applicable currency on the day the transaction is 
processed, which rate may differ from the applicable 
rate on the date the transaction occurred or when the 
transaction is posted to your Account.
SKIP-A-PAYMENT OPTION: From time to time, we may 
offer you the opportunity to skip a payment on your 
account(s).  The offer, if made, will be reflected on your 
periodic statement as a message informing you that you 
can skip your payment for that month.  Your choice to skip 
the payment will constitute your acceptance of the offer.  As 
a result, your payments will resume the following month.  
Interest will continue to accrue at the interest rate in effect 
at that time for the related skip payment period.  All other 
provisions of your  credit agreement shall apply following 
the skipped payment.  On a joint account, either member 
acting alone may accept the skip payment.  Certain account 
exclusions may apply.
ADDITIONAL PROVISIONS: Each provision of this 
Agreement must be considered part of the total Agreement 
and cannot in any way be severed from it. However, if any 
provision of this Agreement is finally determined to be void 
or unenforceable under any law, rule, or regulation, all other 
provisions of this Agreement will remain valid and 
enforceable. You understand that the validity, 
construction, and enforcement of this Agreement is 
governed by the laws of the State of Texas to the 
extent not preempted by applicable federal law, and it 
is performable in Brazoria County, Texas. We do not 
warrant any merchandise or services purchased by you 
with the Card. All purchases and cash advances are 
extended at the option of the merchant or cash advancing 
financial institution and the Credit Union is not responsible 
for the refusal of any merchant or financial institution 
to honor your Card. The Card remains our property at 
all times and you agree to immediately surrender the 
Card upon demand. 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. We can accept late payments or partial 
payments, or checks or money orders marked �payment 
in full� without losing any of our rights under this 
Agreement. We can also waive or delay enforcing any 
of our rights under this Agreement without losing them. 
You expressly waive presentment for payment, 
demand, protest, and notice of protest and dishonor of 
same. You agree to give us prompt notice of any 
change in your name, mailing address, telephone 
number or place of employment.
 RECEIPT OF AND AGREEMENT TO TERMS AND  
CONDITIONS OF AGREEMENT: By signing an application 
for the Card or by using the Card, you agree to all the terms  
and conditions and promise to perform all the obligations , 
requirements, and duties contained in this Agreement, 
and you acknowledge  receipt of a copy of this Agreement.
M-126435 JOINT APPLICANT LIABILITY: If more than one person 
signs the application, each of you shall be jointly and 
individually liable to us for all charges made to the Account, 
including applicable fees. In addition, you agree that each of 
you designates the other as agent for the purpose of 
making purchases extended under this Agreement and each 
use of your Account shall be an extension of credit to all. 
Notice to one of you shall constitute notice to all. Any 
cardholder may close the Account at any time by notifying 
us in writing. However, removal from the Account does not 
release you from any liability already incurred.
CARD SIGNATURE PANEL: Upon receipt of your new or 
reissued Card, you must sign the signature panel on the 
back of the Card. If the signature panel is not signed, 
merchants are not required to accept your Card.
OTHERS USING YOUR ACCOUNT:  If you allow anyone 
else to use your Account, you will be liable for all credit 
extended to such persons, even if that person exceeds your 
permission. You promise to pay for all purchases, balance 
transfers, and cash 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 the Card with your written notice for 
it to be effective.
LIABILITY FOR UNAUTHORIZED USE: You may be liable 
for the unauthorized use of your Card. If you notice the loss 
or theft of your Card or a possible unauthorized use of your 
Card, you should call us immediately at:
(877) 404-1009
You may also write us at:
TDECU
P O Box 31281
Tampa, Florida 33631-3281
Although you may write to notify us of unauthorized use, 
calling us immediately at the telephone number above is the 
best way to keep your possible losses down.
You are not liable for any unauthorized use of your 
MasterCard once you notify us orally or in writing and as 
long as you meet the following criteria: (1) you have 
exercised reasonable care with your Card; (2) you have not 
reported two or more incidents of unauthorized use of your 
Card within the previous 12 months; and (3) you have 
maintained your Account in good standing. MasterCard�s 
zero liability policy does not apply to cash advances 
obtained at an ATM.
CREDIT LIMIT: We assign a credit limit to you r Account. We 
will  notify you of the credit limit when the Card is sent to 
you. You promise that payments we make for your Account 
resulting from use of the Card will at no time cause the 
outstanding balance ofyour Account to exceed your credit limit as established by 
us or as adjusted from time to time at our discretion. 
Notwithstanding the foregoing, in our discretion we may 
choose to approve a transaction you have requested that 
would cause you to exceed your approved credit limit and 
you will be responsible for such transactions. Each payment 
you make on the Account will restore your credit limit by 
that amount of the payment which is applied to the principal 
balance of purchases and cash advances. The Credit Union 
has the right to reduce or terminate your credit limit at any 
time.
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 or Account; (b) INTEREST CHARGES and 
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. At the 
end of each monthly billing cycle for which you have a 
balance on your Account, you will be furnished with a 
periodic statement showing (i) the �Previous 
Balance� (the outstanding balance in the Account at the 
beginning of the billing cycle), (ii) the amount of all cash 
advances, purchases, balance transfers, late charges, 
INTEREST CHARGES, and other charges or fees posted 
to your Account during the billing cycle, (iii) the amount 
of all payments and credits posted to your Account during 
the billing cycle, and (iv) the �New Balance� which is the 
sum of (i) and (ii) minus (iii).
You agree to pay on or before the �Payment Due Date� 
shown on the monthly periodic statement the entire new 
balance or a minimum payment equal to 2% of the new 
balance or $18, whichever is greater, plus any amount 
in excess of the credit limit established by us. If the 
new balance is $18 or less, you agree to pay it in full. You 
may make extra payments in advance of the due date 
without a penalty, and you may repay any funds 
advanced, credit extended, or amount outstanding at 
any time without a penalty for early payment. If you 
pay more than the minimum payment due in any 
month and there is still a balance due, you must 
continue to make minimum payments in future 
months. Any partial payment of your account balance 
will not advance your next payment due date(s). 
CREDIT INSURANCE: Credit insurance is not required for 
any extension of credit under the Agreement. However, if 
available, you may purchase credit insurance through 
the Credit Union and have the premium added to 
the outstanding balance in your Account. If you elect to do 
so, you will be given the necessary disclosures and 
documents separately. 
TERMINATION OR CHANGES: The Credit Union may add 
to, delete, or change the terms of this Agreement from time 
to time. Notice of any change will be given in accordance 
with applicable law. If permitted by law and specified in 
the notice to you, the change will apply to your existing 
Account balance as well as toyour future transactions. Either you or the Credit Union may 
terminate this Agreement at any time, but termination by you 
or the Credit Union will not affect your obligation to pay the 
Account balance plus any INTEREST CHARGES and other 
charges you owe under this Agreement. You are also 
responsible for all transactions made to your Account after 
termination, unless the transactions were unauthorized. The 
Cards and convenience checks you receive remain the 
property of the Credit Union and you must surrender to the 
Credit Union all Cards and convenience checks upon 
request or upon termination of this Agreement whether by 
you or the Credit Union.
DEFAULT: You will be in default: (1) if you fail to make any 
payment on time; (2) if you fail to keep any promises you 
have made under this or any other agreement with the 
Credit Union; (3) if you are the subject of an order for relief 
under Title 11 of the U.S. Code (Bankruptcy); (4) if anyone 
tries, by legal process, to take any of your money in the 
Credit Union (5) if you have given the Credit Union false or 
inaccurate information in obtaining your Card; (6) you are 
declared incompetent or mentally incapacitated, or you die; 
or (7) if anything happens or any condition exists which the 
Credit Union reasonably believes impairs your ability to 
repay what you owe.
ACCELERATION: If you are in default, the Credit Union 
may, without prior notice to you, demand immediate 
payment of the Account balance plus INTEREST 
CHARGES  which shall continue to accrue until the entire 
amount is paid. You expressly waive any right to notice or 
demand, including but not limited to, demand upon default, 
notice of intention to accelerate and notice of acceleration. 
The Card remains the property of the Credit Union at all 
times and you agree to immediately surrender the Card 
upon demand of the Credit Union. You agree to pay all 
reasonable costs of collection, including court costs and 
attorney�s fees imposed, and any cost incurred in the 
recovery of the Card.
COST OF CREDIT: You will pay an INTEREST CHARGE 
for 
all advances made against your Account. If your Account 
features an Introductory Rate, you will pay an Introductory 
Rate for all advances made against your Account at the 
Daily Periodic Rate and corresponding ANNUAL 
PERCENTAGE RATE (�APR�) set forth in the Additional 
Disclosure attached and incorporated into this Agreement. 
Any Introductory Rate applicable to your Account will apply 
for the time period as set forth in the Additional Disclosure. 
After any Introductory Rate period, or if an Introductory Rate 
does not apply to your Account, the Standard Rate periodic 
rate for your Account will range from .0218904% per day 
to .0492877% per day, which corresponds to an ANNUAL 
PERCENTAGE RATE ranging from 7.99% to 17.99%. Your 
precise Standard Rate will be determined by review of your 
credit report and based on your creditworthiness and is 
disclosed in the Additional Disclosure. In addition, after your 
Account is opened, we may review your credit report 
periodically from time to time at our discretion and adjust 
your Standard Rate within the ranges above according to 
your credit score. You will be notified no less than 45 days 
prior to any rate change. Cash advances (including balance 
transfers)incur an INTEREST CHARGE from the date they are posted to 
the Account. If you have paid your Account in full by the due 
date shown on the previous monthly statement, or there is no 
previous balance, you have not less than 25 days to repay your 
Account balance before an INTEREST CHARGE on the 
current purchases will be imposed. If you have not paid your 
Account in full by the due date shown on the previous monthly 
statement, you have no grace period in which to repay your 
Account balance before an INTEREST CHARGE on current 
purchases 
will be imposed, and such INTEREST CHARGE  
will begin on the date such purchases are posted to your 
Account. No additional INTEREST CHARGE will be incurred 
whenever you pay the Account in full by the Payment Due Date 
shown on your monthly periodic statement.
The INTEREST CHARGE is figured by applying the periodic 
rate to the �balance subject to INTEREST CHARGE ,� which is 
the �average daily balance� of your Account, including certain 
current transactions. The �average daily balance� is arrived at 
by taking the beginning balance of your Account each day and 
adding any new cash advances (including balance transfers), 
and, unless you pay your Account in full by the due date shown 
on your previous monthly statement or there is no previous 
balance, adding in new purchases, and subtracting any 
payments or credits and unpaid INTEREST CHARGES. The 
daily balances for the billing cycle are then added together and 
divided by the number of days in the billing cycle. The result is 
the �average daily balance.� The INTEREST CHARGE  is 
determined by multiplying the �average daily balance� by the 
number of days in the billing cycle and applying the periodic 
rate to the product. The INTEREST CHARGE  for certain 
categories of transactions subject to an introductory rate or a 
promotional rate may be separately calculated for those 
category balances. You may pay any amounts outstanding at 
any time without penalty for early payment.
ACCOUNTS WITH DIFFERENT APRS: Payments made in 
excess of the required minimum payment will be applied to the 
balance with the highest APR and then to balances subject to 
lower APRs, in descending order of APRs until all balances 
subject to an APR are paid in full.
CASH ADVANCE FEE: We will not charge you a Cash 
Advance Fee. If an advance is made by another institution, the 
other institution may impose a fee. If you obtain a cash 
advance by using an automated teller machine (ATM), any fee 
imposed upon the Credit Union by the owner or operator of the 
machine may be passed on to you. Any charge made under 
this paragraph will be added to the balance of your Account 
and treated as a cash advance.
ANNUAL FEE: You will not be charged an annual fee for the 
issuance or use of the Card.
LATE PAYMENT FEE: If we do not receive your required 
minimum payment within 10 days of the payment due date, 
you will be charged a late payment fee as set forth in the 
Additional Disclosure.