ALLIANCE CATHOLIC CREDIT UNION

Card Services:  P.O. Box 4519, Carol Stream, IL 60197-4519

1.800.828.3901

 VISA Credit Card and Truth-in-Lending Disclosure.  By signing an application for the VISA Card or by using the VISA card,

you agree to everything in this Agreement and Disclosure.
In  this  Agreement,  the  words  “you”  and  “your”  mean  or  refer  to  each  and  all 
persons who have applied for the Card or Cards by signing this Agreement. Every person 
accepting the use of a VISA Card(s) represents that he or she is a member of this credit 
union.  “Card”  means  the  VISA  Credit  Card  or  Cards  and  any  duplicates  and  renewals 
thereof  or  substitutions  thereof  we  may  issue.  “Account”  means  your  VISA  Credit  Card 
line  of  credit  loan  account  with  us.  “We”,  “us”,  and  “ours”  means  or  refers  to  this  credit 
union. Th  is Agreement is a Truth-in-Lending Disclosure Statement as well as a contract.

1. Responsibility – If we approve the loan and issue you a Card, you promise to repay all
debts and the FINANCE CHARGE thereon arising from any authorized use of the Card. 
You agree not to let someone else use the Card. If you do, you are agreeing with us that you 
authorize all such use of the Card. For example, you are responsible for charges made by 
yourself, 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. Of course, once you notify us, we will take prompt steps to try to prevent any 
further Card use by that person. If this account is joint; that is, each of you, separately and 
jointly with each other, are liable for all debts on the Account and FINANCE CHARGE 
thereon. Your obligation to pay all such debts and FINANCE CHARGE thereon continue 
even though an agreement, divorce decree or other court judgment to which we are not a 
party, may direct that only one of you, or some person other than you (or both of you) may 
pay such debts and FINANCE CHARGE.

Any one of you may close this account at any time but no such action shall relieve you of 
any liability for amounts then owing or for Finance Charges and other fees and charges that 
may accrue due to amounts then owing.

2. Credit Line – If we approve your loan application, we will establish a self replenishing
line of credit for you and will notify you of the amount thereof (“credit limit”) in the mailer 
in which we will send you with your Card. Th  at mailer is hereby incorporated herein as 
part of this Agreement. You agree not to let your account balance exceed such amount. In 
the event that you do exceed your credit limit, you will be in default and you must pay the 
excess or you will be in default. Each payment you make on the Account will replenish your 
credit limit by the part of that payment which is applied to principal. You may request an 
increase in the credit limit only by a written application, which must be approved by us. 
We may reduce your credit limit from time to time or may, with good cause, revoke your 
Card and terminate this Agreement; in either event, we will give you written notice of such 
action. “Good cause” includes your failure to satisfy the terms of this Agreement or our 
adverse  reevaluation  of  your  creditworthiness.  However,  you  may  terminate  this  Agree-
ment, at any time and for any reason, by giving us written notice. Nevertheless, termination 
by you or by us does not aff ect your obligation to pay all debts and FINANCE CHARGE 
thereon arising from authorized use of your Card. Th  e Cards remain our property and you 
must recover and surrender to us all cards upon your request or upon termination of this 
Agreement.

3. Using  the  Card  –  We  will  send  you  a  Card  or  Cards  embossed  as  you  have  directed.
As  soon  as  received,  each  Card  must  be  signed  (in  the  space  provided  on  the  back)  by 
the  person  whose  name  is  embossed  thereon. Th  at  signature  must  be  in  the  same  form 
as  embossed  on  the  front  of  the  Card.  To  make  a  Purchase  or  Cash  Advance,  present 
the  Card  to  a  participating  VISA  plan  merchant  or  fi nancial  institution,  or  to  us,  and 
sign  the  sales  draft   or  cash  advance  draft   which  will  be  imprinted  with  your  Card  or 
generated  aft er  your  Card’s  number  has  been  magnetically  read  or  otherwise  provided. 
Please  note  that  we  are  not  responsible  if  a  particular  VISA  plan  merchant  or  fi nan-
cial  institution  refuses  to  honor  your  Card.  You  will  receive  a  copy  of  the  draft   which 
you should retain to verify your monthly statement. We will, upon request, furnish you 
with  a  copy  of  a  draft   at  a  charge  of  $5.00  per  copy.  You  agree  not  to  make  or  permit 
to  be  made  any  illegal  transactions  on  your  Account  through  use  of  a  Card,  a  check  or 
in any other manner. We may deny authorization for any Internet gambling transaction.

4. Monthly Payment – A statement will be mailed every month showing your “Previous
Balance”  of  “Purchases”  and  Cash  Advances,”  the  transactions  posted  to  your  Account 
since  the  last  statement,  the  “New  Balance”  of  “Purchases  and  “Cash  Advances”  the 
FINANCE  CHARGE  due  to  the  date  of  the  statement,  the  “Minimum  Payment’ 
required, and the remaining part of the credit limit still available. You must pay at least the 
Minimum Payment shown on your statement on or before the due date shown on your 
statement; the due date will be no earlier than 28 days aft er the closing date of the state-
ment. Of course, you may pay any amount greater than the Minimum Payment, including 
the entire New Balance on the statement, without any penalty for prepayment. And you 
can make payments on the Account as oft en as you wish. For the VISA credit card, the 
Minimum Payment will be either (a) 2.0% of your New Balance or $25.00, whichever is 
greater, or (b) your full New Balances, if they total less than $25.00; provided, however, the 
Minimum  Payment  shown  on  your  statement  will  also  include  any  unpaid  portions  of 
Minimum Payment(s) shown on earlier statement(s). In addition, if at any time your total 
New Balances exceed the credit limit, you must pay us that excess immediately. We may 
select and change the method by which payments and credits are allocated to your account 
at our sole discretion; however, payments will be allocated to billed amounts before they are 

in 

amounts 

allocated  to  unbilled  amounts  (transactions  incurred  since  your  last  statement)  and 
payments 
required  minimum  monthly 
payment  will  be  applied  to  higher  rate  balances  before  they  are  applied  to 
lower  rate  balances.  Payment  for  more  than  the  minimum  amount  due  will  be 
accepted as a single payment for the month; the amount over the minimum is not applied 
toward future payments due.

excess 

the 

of 

5. Finance  Charge  –  A  Finance  Charge  will  be  imposed  on  Credit  Purchases  only  if
you  elect  not  to  pay  the  entire  New  Balance  shown  on  your  monthly  statement  for  the 
previous  billing  cycle  on  or  before  the  payment  due  date  shown  on  your  statement.  If 
you elect not to pay the entire New Balance shown on your previous monthly statement 
on  or  before  the  payment  due  date  shown  on  that  statement,  a  Finance  Charge  will  be 
imposed  on  the  unpaid  average  daily  balance  of  such  Credit  Purchases  from  the 
previous  statement  closing  date  and  on  new  Credit  Purchases  from  the  date  of  posting 
to  your  account  during  the  current  billing  cycle,  and  will  continue  to  accrue  until  the 
closing  date  of  the  billing  cycle  preceding  the  date  on  which  the  entire  New  Balance  is 
paid  in  full  or  until  the  date  of  payment  if  payment  occurs  aft er  the  payment  due  date 
shown  on  the  billing  statement  for  that  billing  cycle.  However,  if  during  the  previ-
ous  billing  cycle  you  paid  all  amounts  owing  in  full  by  the  Payment  Due  Date,  then  in 
the  current  billing  cycle  you  will  have  a  free  interest  period  on  the  amount  of  the  New 
Balance  of  Purchases  remaining  from  the  previous  billing  cycle  that  is  paid  by  the 
Payment Due Date based on our payment allocation method.

Th  e  Finance  charge  for  a  billing  cycle  is  computed  by  applying  the  monthly  Periodic 
Rate  to  the  average  daily  balance  of  credit  purchases,  which  is  determined  by  divid-
ing  the  sum  of  the  daily  balances  during  the  billing  cycle  by  the  number  of  days  in  the 
cycle.  Each  daily  balance  of  Credit  Purchases  is  determined  by  adding  to  the  out-
standing  unpaid  balance  of  Credit  Purchases  at  the  beginning  of  the  billing  cycle 
(excluding amounts described in the last sentence of the preceding paragraph) any new 
Credit Purchases posted to your account, and subtracting any payments as received and 
credits as posted to your account, but excluding any unpaid Finance Charges.

A  Finance  Charge  will  be  imposed  on  Cash  Advances  from  the  date  of  the  cash 
advance or from the fi rst day of the billing cycle in which the Cash Advance is posted to 
your  account,  whichever  is  later,  and  will  continue  to  accrue  until  the  date  of  payment.

Th  e  average  daily  balance 
is  determined  by  dividing  the  sum  of  the  daily 
balances during the billing cycle by the number of days in the cycle. Each daily balance is 
determined  by  adding  to  the  Previous  Balance  for  cash  advances  (the  outstanding  cash 
advance  balance  on  your  account  at  the  beginning  of  the  billing  cycle),  any  new  cash 
advances received and subtracting any payments as received or credits as posted to your 
account, but excluding any unpaid fi nance charges.

FINANCE CHARGE (INTEREST) for your Account is calculated at the Periodic Rate 
and corresponding Annual Percentage Rate disclosed to you in a separate letter mailed to 
you with this Agreement.

Payments
Payments made to your account will be applied in the following order: Fees and 
Finance Charges; Previously Billed Purchases; Cash Advances; New Purchases. Any 
communications concerning a disputed balance, including an instrument tendered as 
full satisfaction of amounts owing under this agreement, must be mailed to the following 
address: Alliance Catholic Credit Union, ATTENTION: DISPUTED CREDIT CARD 
PAYOFF DEPARTMENT, 9300 Cooper St, Taylor, MI 48180.

6. Credit – If merchants who honor your card give you a credit for returns or adjustments, 
they will do so by processing a credit which we will post to your Account. You should keep 
your copy of the credit slips to verify your monthly statement. If your credits and payments 
exceed what you owe us on Account, we will credit such excess to the Account, and if the 
amount is $1.00 or more, we will refund it aft er 6 months or upon your written request.

7. Foreign  Transactions  –  Purchases  and  cash  advances  made  in  foreign  countries  and
foreign  currencies  will  be  billed  to  you  in  U.S.  dollars.  Th  e  exchange  rate  for  trans-
actions  in  a  foreign  currency  will  be  a  rate  selected  by  VISA  from  the  range  of  rates 
available 
for  the  applicable  central  processing 
date,  which  rate  may  vary  from  the  rate  VISA  itself  receives,  or  the  government 
mandated rate in eff ect for the applicable central processing date, In addition, as provided in 
Section 19, we will separately bill you an up to 1% International Transaction Fee, up to 1% 
of the total transaction amount.  

in  wholesale  currency  markets 

8. Loss  or  Th  eft    of  Card  –  You  agree  to  notify  us  immediately  upon  discovering  that
your  Card  has  been  lost  or  stolen.  If  you  have  your  card  stolen  or  it  gets  lost  aft er 
normal  credit  union  offi  ce  hours,  immediately  call  1-800-828-3901  and  make  a  report; 
then during normal business hours at the credit union, notify us in writing so that your 
account can be closed and a new card issued.

NOTICE:  See reverse side for important information regarding your rights to dispute billing errors.

9. Default  –  You  will  be  in  default  if  you  fail  to  make  at  least  the  “Minimum  Payment”
shown on a monthly statement by the due date shown on the statement. You will also be 
in default if (a) you breach any other conditions of the Agreement, (b) if we in good faith 
determine that your creditworthiness (which includes you ability to repay us) has become 
unsatisfactory due to change in employment, increase in your other obligations, or because 
of any other reasons, or (c) in the event of your death. In the event of any default, at the 
credit union’s option the entire balance on the Account will be immediately due in payable 
in full. In addition, we may temporarily suspend your ability to obtain further credit until 
the condition of default is cured. You also agree that, in case of default, you will pay, to the 
extent permitted by law, all usual and customary costs of collection, including court costs 
and reasonable attorneys’ fees to the extent permitted by the court involved. Late payments, 
missed payments, or other defaults on your account may be refl ected on your credit report.

10. Credit Information – You authorize us to investigate your credit standing when opening, 
renewing or reviewing your Account, and you authorize us to disclose information regard-
ing our experience with you under this Agreement to credit bureaus and other creditors.

11. Eff ect of Agreement – Th  is Agreement contains our complete contract relating to the
Account and applies to every transaction relating to the Account even though a sales or 
cash advance draft  you sign or a credit slip may contain diff erent terms.

12. Amendment  of  Agreement  –  From  time  to  time,  we  may  amend  this  Agreement  by
giving  you  written  notice  of  the  amendment  at  least  45  days  before  it  goes  into  eff ect, 
unless  a  shorter  notice  period  is  permitted  by  law.  Th  e  notice  will  be  sent  to  your  last 
known address appearing in our records when it is sent and will state the date upon which 
the amendment will become eff ective. Th  e notice will also advise of the extent, if any, the 
amendment will apply to your then existing obligations to us under this Agreement.

13. Cash Advance by Machine – If automated teller machine or other electronic devices are 
available while this Agreement remains in eff ect which make it possible for you to obtain 
a cash advance by use of your Card in such a machine, we may furnish you with a secret 
personal  identifi cation  number.  Your  use  of  that  number,  together  with  your  Card,  in 
getting  a  cash  advance  from  such  a  machine  is  agreed  to  constitute  your  signature  for 
purposes of such cash advance.

14. Severability  Aspects  –  It  is  understood  and  agreed  hereto  that  if  any  part,  term,
or  provision  of  this  agreement  is  by  the  courts  held  to  be  illegal  or  in  confl ict  with  the 
law  of  the  state  where  made,  the  validity  of  the  remaining  portions  or  provisions  shall 
not  be  aff ected,  and  the  rights  and  obligations  of  the  parties  shall  be  construed  and 
enforced  as  if  the  contract  did  not  contain  the  particular  part,  term,  or  provision  held 
to  be  invalid.  Except  as  federal  law  applies,  Michigan  law  governs  this  Agreement.

15. Record Keeping – You hereby agree that we may keep the original of your application 
and all documents that bear your signature so that we can comply with federal and/or state 
law relating to loan documents we are required to keep in our fi le.

16. Limits – Credit limits are established by the loan offi  cer or credit committee. Generally, 
you must apply for an increase in your credit limit, for which approval will be based on 
your past payment record and overall credit history. From time to time, we may provide 
an increase in your credit limit based on your good standing. When this happens, we will 
send you notice of your new limit. If you do not wish to be considered for automatic credit 
limit increases, you must notify us of that fact in writing.

17. Security  Agreement  –  As  a  condition  of  us  granting  you  credit  under  this  agree-
ment  you  hereby  grant  us  a  security  agreement  in  all  present  and  future  shares  and 
deposits  with  us,  except  Individual  Retirement  Accounts  and  other  accounts  which 
provide tax benefi ts under federal or state laws, to secure this VISA account. Upon default 
\under  this  agreement,  you  agree  that  we  may  apply  all  of  your  shares  and  deposits 
subject  to  this  security  interest  to  pay  amounts  due  on  the  account  under  this 
agreement. You also grant us a security interest in collateral (other than real estate that is your 
principal residence) securing other loans with us to secure credit under this agreement.

18. Statements and Notices – You will receive a statement each month showing transactions
on your account. Statements and notices will be mailed to you at the most recent address you 
have given to the credit union. Notice sent to any one of you will be considered notice to all.

19. Other Charges – Th  e following other charges (fees) will be added to your Account, as 
applicable:

       A. Late Fee: A late charge of $25.00 will be added to your  account (VISA) if  
            you are 10 or more days late in making a payment.

        B. Card Replacement Fee: You will be charged $5.00 for each replacement card that     
             is issued to you for any reason other than expiration of a current card.

      C. Document Copy Fee: You will be charged $5.00 for each copy of a sales draft  or    
            statement that you request unless such a request is made in connection with a           
            billing error.

     D. International Transaction Fee: Your account may be charged, and you agree to   
          pay, an up to 1% International Transaction Fee on all transactions where the 
          merchant country diff ers from the county of the card issues (that is, for any 
          transaction outside of the United States). Th  e converted transaction amount will    
          be shown separately from the international Transaction Fee on your billing 
          statement. Th  is fee will be assessed on all international purchases, credit vouchers,   
          and cash disbursements.

20. Liability for Unauthorized Use  –  You  may  be  liable  for  the  unauthorized  use  of  your
credit card. You will not be liable for unauthorized use that occurs aft er you notify us at 
the address or telephone number set forth below. You must notify us orally or in writing 
of  the  loss,  theft  ,  or  possible  unauthorized  use.  In  any  case,  your  liability  will  not 
exceed  $50.00.  Notify  us  at:  Alliance  Catholic  Credit  Union,  P.  O.  Box  4519,  Carol 
Stream, IL 60197-4519 1.800.828.3901.

Notify Us In Case of Errors or Questions About Your Bill

YOUR BILLING RIGHTS
KEEP THIS NOTICE FOR FUTURE USE
Th  is notice contains Important Information about your rights and our responsibilities under the Fair Credit Billing Act.
If we fi nd that we made a mistake on your bill, you will not have to pay any fi nance 
charges related to any questioned amount. If we didn’t make a mistake, you may have 
to pay fi nance charges, and you will have to make up any missed payments on the 
questioned amount. In either case, we will send you a statement of the amount you 
owe and the date that it is due.

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 aft er we sent you 
the fi rst bill on which the error or problem appeared. You can telephone us, but doing 
so will not preserve your rights.

In your letter, give us the following information:

• Your name and account number.

• Th  e dollar amount of the suspected error,

If you fail to pay the amount that we think you owe, we may report you as delinquent. 
However, if our explanation does not satisfy you and you write to 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 re-
ported you to. We must tell anyone we report you to that the matter has been settled 
between us when it fi nally is.

• 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 we don’t follow these rules, we can’t collect the fi rst $50.00 of the questioned amount, 
even if your bill was correct.

If you have authorized us to pay your credit card bill automatically from your 
savings or draft  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 Aft er We Receive Your Written 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.

Aft er  we  receive  your  letter  we  cannot  try  to  collect  any  amount  you  question,  or 
report you as delinquent. We can continue to bill you for the amount you question, 
including fi nance 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.

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.  Th  ere  are  two  limitations  on  this  right:

(a) You must have made the purchase in your home state or, if not within your home 
state, within 100 miles of your current mailing address; and

(b) Th  e purchase price must have been more than $50.
Th  ese limitations do not apply if we own or operate the merchant, or if we mailed you 
the advertisement for the property or services.

RETAIN FOR YOUR RECORDS

Ver. 4.24.14