15. DEFAULT.
        You will be in default under this Agreement if any of the following occur: (a) any 
minimum monthly payment is not made when due; (b) you become insolvent, bank- 
rupt, or you die; (c) you violate any part of this Agreement, or any other agreement with 
us; or (d) if we reasonably deem ourselves insecure on your credit line. We will notify 
you in writing of any such action as soon as practical if it occurs. Upon default, we may 
declare the entire unpaid balance immediately due and payable, and you agree to pay 
that amount plus any attorney’s fees and costs incurred by us. We can delay enforcing 
any right under this Agreement without losing that right or any other right.

16. CREDIT INFORMATION/FINANCIAL STATEMENTS.
      You  authorize  us  to  release  information  to  others  (e.g.,  credit  bureaus, 
merchants, and other financial institutions) regarding the status and history of your 
credit line. You agree to provide us, at any time we deem necessary, with a current 
financial statement and updated information upon request. We may investigate your 
credit directly or through a credit reporting agency.

17. LOSS OR THEFT OF VISA CREDIT CARD.
      You agree to notify us immediately of the loss, theft or unauthorized use of your 
Credit Card by calling 1-800-449-7728 or by writing PSCU Customer Service, PO Box 
31112, Tampa, FL 33631-3112. If you notify us of your lost or stolen Credit Card after 
discovery, you may not be liable for any losses related to credit transactions. This zero 
liability will apply provided you were not grossly negligent or fraudulent in handling your 
Card, otherwise your liability for unauthorized Visa Credit Card transactions shall not 
exceed $50. You and any guarantor of this Agreement agree the liability limits in this 
section will not apply to your guarantor’s obligations for use of the Card, including the 
unauthorized use of the Card.

18. BILLING ERRORS NOTICE RIGHTS FOR VISA CREDIT CARD 

TRANSACTIONS.
Keep this document for future use. This notice tells you about your rights and our 

responsibilities under the Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement.  If you think there is an 

error on your statement, write to us at:
Inspirus Credit Union – P.O. Box 576, Seattle WA 98111-0576. 

In your letter, give us the following information:

•
•
•

Account information: Your name and account number.
Dollar amount: The dollar amount of the suspected error.
Description of problem: If you think there is an error on your bill, describe what 
you believe is wrong and why you believe it is a mistake.
You must contact us:

• Within 60 days after the error appeared on your statement.
•

At least 3 business days before an automated payment is scheduled, if you want 
to stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you 
do, we are not required to investigate any potential errors and you may have to pay 
the amount in question.

What Will Happen After We Receive Your Letter.  When we receive your letter, we 

must do two things:

1.  Within 30 days of receiving your letter, we must tell you that we received your letter. 

We will also tell you if we have already corrected the error.

2.  Within 90 days of receiving your letter, we must either correct the error or explain 

to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

• We cannot try to collect the amount in question or report you as delinquent on that 

•

amount.
The  charge  in  question  may  remain  on  your  statement,  and  we  may  continue  to
charge you interest on that amount.

• While you do not have to pay the amount in question, you are responsible for the

remainder of your balance.

• We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

•

•

 You  will  not  have  to  pay  the  amount  in  question  or  any

If  we  made  a  mistake:
Interest Charges or other fees related to that amount.
If  we  do  not  believe  there  was  a  mistake:
 You  will  have  to  pay  the  amount  in
question, along with applicable Interest Charges and fees. We will send you a
statement of the amount you owe and the date payment is due. We may then
report you as delinquent if you do not pay the amount 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. 

2. 

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 adver-
tisement we mailed to you, or if we own the company that sold you the goods 
or services.)
You must have used your credit card for the purchase. Purchases made with cash 
advances from an ATM or with a check that accesses your credit card account do 
not qualify.

3.  You must not yet have fully paid for the purchase.

If all of the criteria above are met and you are still dissatisfied with the purchase, 
contact us in writing at the above address. While we investigate, the same rules apply 
to the disputed amount as discussed above. After we finish our investigation, we will 
tell you our decision. At that point, if we think you owe an amount and you do not pay, 
we may report you as delinquent.

19. ACKNOWLEDGMENT AND AMENDMENTS. 
       You understand and agree to the terms and conditions in this Agreement, and the 
Fair  Credit  Billing  Notice.  You  acknowledge  that  you  have  received  a  copy  of  this 
Agreement, and Disclosure and the Fair Credit Billing Notice. We reserve the right to 
amend the terms of this Agreement at any time as permitted by and subject to any 
limitations or notice requirements of applicable law.

20. GOVERNING LAW.
       This Agreement will not take effect until it is approved by us. This Agreement shall 
be governed by the laws of the State of Washington.

5200 Southcenter Blvd. • Seattle, WA 98188
5123 E. Third Ave. • Spokane, WA 99201
3405 188th Street SW • Lynnwood, WA 98037
888.628.4010 • inspirusCU.org

VISA® SIGNATURE CREDIT 
CARD ACCOUNT AGREEMENT

INTRODUCTION.

1.
          The  Agreement  covers  your  Visa  Signature  Credit  Card  and  Account  issued  by 
Inspirus Credit Union (“Lender”). In this Agreement the words “you,” “your,” “yours,” 
“applicant,”  and  “Borrowers”  mean  any  person  who  signs  the  application  for  this 
Account; any joint obligor, guarantor, authorized user, or the person whose name is 
embossed on the Card. The words “we,” “us,” “our,” and “Lender” mean Inspirus Credit 
Union. The word “Card” means any one or more credit cards issued under this Account. 
If you sign an application for this Account or sign or use any Card or PIN, or 
allow  others  to  use  the  Card  or  PIN,  you  and  they  will  have  accepted  this 
Agreement  just  as  if  you  and  they  signed  it,  and  you  and  they,  jointly  and 
severally,  will  be  bound  by  the  following  terms  and  conditions  which  will 
govern this Account.

2. PURCHASES AND CASH ADVANCES.
       You must sign the Card to use it. Once you have signed the Card, you can use it to 
buy or lease goods or services, wherever the Card is honored, up to the full amount of 
your credit line. You may use your Account to get cash advances from us. You may also 
use  your  Card  to  get  a  cash  advance  from  participating  financial  institutions,  at 
designated  automated  teller  machines  (ATMs),  by  telephone  request,  and  Visa  loan 
checks. You may use your Card to purchase goods and services any place your Visa 
Card is honored by participating merchants. 

3. YOU PROMISE TO PAY.
         You promise to pay us all such amounts, plus any Interest Charges, which arise 
from  use  of  the  Card  or  Account  by  you  or  any  other  person,  and  to  be  jointly  and 
severally  liable  with  such  a  person,  unless  such  other  person  does  not  have  actual, 
implied, or apparent authority for such use, and you received no benefit from the use. 
You promise to pay us either by direct payment or by automatic transfers from shares or 
payroll deduction.

4. CREDIT LINE.
        This Agreement will constitute a revolving line of credit for an amount which will 
be the credit line under your Account. You may access your credit line through Visa 
Credit Card purchases or cash advances at participating merchants. We will advise 
you of the amount of your credit line. That amount will be the maximum amount you 
may have outstanding at any one time. You agree not to attempt to obtain more credit 
than the amount of your credit line. We retain the right to increase or decrease your 
credit line at any time. Any increase or reduction on the limit of your credit line will be 
shown on your monthly statement or by separate notice together with any changes in 
the  applicable  minimum  monthly  payments.  Your  eligibility  for  this  credit  line  is 
determined by our loan policy and may be terminated at our sole discretion, without 
demand or notice. If you terminate this Agreement or if we terminate or suspend your 
credit privileges, the provisions of this Agreement and your liability hereunder shall 
otherwise remain in full force and effect until you have paid us all sums due us under 
this Agreement.

20160817001

08/2016

M-119639

 
5. MINIMUM MONTHLY PAYMEN
       You agree that you will pay each month not less than the minimum monthly payment 
on or before the scheduled monthly due date. The minimum monthly payment will be 
3.0% of your outstanding balance (“New Balance”) or $25.00 whichever is greater. If 
your outstanding balance is $25.00 or less, you agree to pay the balance in full. You 
may pay in full for all your purchases and cash advances each month, or you may repay 
in monthly installments. We can accept late payments or partial payments, or checks, 
drafts, or money orders marked “payment in full” without prejudice to our rights under 
this Agreement, which are hereby explicitly reserved. A credit posting from a merchant 
or reversal of fees do not constitute a minimum payment. The minimum payment may 
be allocated at the Credit Union’s discretion to pay off lower rate balances, such as 
unpaid  interest,  before  higher  rate  balances,  such  as  cash  advances  or  purchases. 
Payments  in  excess  of  the  minimum  payment  will  be  allocated  first  to  higher  rate 
balances,  such  as  cash  advances.  Interest  Charges  will  continue  to  accrue  in 
accordance with this Agreement. Payments received at: VISA, P.O. Box 60510, City of 
Industry, CA 91716-0510 at or before 5:00 PM Pacific Time on any business day will 
be credited to your Account as of that date; payments received by mail at that address 
after  5:00  PM  Pacific  Time,  on  a  weekend  or  federal  holiday  will  be  posted  to  your 
Account as of the next business day. Payment crediting to your Account may be delayed 
up to five days if your payment is received by mail at any other address or not accompa-
nied by the remittance portion of your Account statement.

6. SECURITY INTEREST.

To secure your Account, you grant us a purchase money security interest under 
the Uniform Commercial Code in any goods you purchase through your Account. If you 
default, we will have the right to recover any of these goods which have not been paid 
for through application of your payments in the manner described in Section 5. Except 
for Real Estate loans, collateral securing other loans with the Credit Union may also 
be used to secure this Account. You also pledge all of your present and future 
shares  and  any  earnings  thereon  as  security  for  obligations  under  your 
Account.

7. MONTHLY STATEMENTS.

Each month we will send you a statement showing purchases, cash advances, 
payments, and credits made to your Account during the billing cycle, as well as your 
“New Balance,” any Interest Charge, and any late charge or other charges. Your state-
ment also will identify the minimum monthly payment you must make for that billing 
period and the date it is due. You agree to retain for statement verification copies of 
transaction slips resulting from each purchase, each advance, and other transactions 
on your Account. Unless you notify us of a billing error as described below, you accept 
your monthly statement as an accurate statement of your Account with us.

8. CIRCUMSTANCES UNDER WHICH AN INTEREST CHARGE WILL BE

IMPOSED.

        The total outstanding balance of purchases and cash advances in the Account on 
the closing date of a billing cycle, including any Interest Charge, will be shown on the 
Periodic Statement for that billing cycle as the “New Balance.”

Cash Advances. An Interest Charge will be imposed on cash advances from the 
date each cash advance is made to the date paid. There is no time period within 
which to pay to avoid a periodic Interest Charge on cash advances.

Purchases. An Interest Charge will be imposed on the portion of purchases 
included in the New Balance that remains unpaid within 25 days after the closing 
date. This "grace period" allows you to avoid an interest charge on purchases for 
a billing cycle. However, if you do not pay the New Balance for purchases within 
the grace period, interest will accrue on any unpaid purchase transactions from 
the  first  day  of  the  billing  period  in  which  the  payment  is  due,  and  on  new 
purchases from the date of the transaction.

9.

METHOD USED TO DETERMINE THE BALANCE ON WHICH THE 
INTEREST CHARGE MAY BE COMPUTED AND AMOUNT OF INTEREST 
CHARGE.

         The Credit Union figures the Periodic Interest Charge on your Account by applying 
the Periodic Rate to the “Average Daily Balance” of purchases and cash advances for 
your Account. To get the “Average Daily Balance” we take the beginning purchase and 
cash advance balance of your Account each day, add any new purchases and cash 
advances, and subtract any payments or credits. This gives us the daily balance. Then 
we add up all the daily balances for the billing cycle and divide by the number of days in 
the billing cycle. This gives us the Average Daily balance for both purchases and cash 
advances.  However,  no  Interest  Charge  is  imposed  on  the  portion  of  purchase 
transactions that are paid within 25 days of the closing date of the previous billing cycle.

10. ANNUAL PERCENTAGE RATE AND PERIODIC RATE. 
     A Monthly Periodic Rate is used to determine your Interest Charges in any billing 
cycle.  To  obtain  the  Monthly  Periodic  Rate,  we  divide  the  Annual  Percentage  Rate 
(“APR”) by 12.  The interest charge imposed during the billing cycle will be determined 
by  multiplying  the  Average  Daily  Balance  by  the  Monthly  Periodic  Rate.  The  “Total 
Interest Charge” shown on your monthly statement consists of the Interest Charge on 
purchases and the Interest Charge on cash advances. 

11. PROMOTIONAL OR INTRODUCTORY APR. 
      We may offer you special Promotional or Introductory APRs from time to time. If we 
do, we will tell you: 
  • the eligible transaction types; 
  • how long this APR will last; and 
  • any other special terms of the offer.

12. HOW A VARIABLE RATE MAY CHANGE. 
       Your variable APRs can change with each monthly billing cycle. We will apply each 
APR to the applicable balance for each type of transaction. Each variable APR will be 
equal to: a) the amount shown in the Account Opening Disclosure that accompanies 
this agreement and is incorporated into this agreement (“Spread”); plus b) the U.S. 
“Prime Rate” as defined below. The Prime Rate will be as shown in the Money Rates 
table  of  the  most  recent  Wall  Street  Journal  as  of  the  last  day  of  the  month.  Any 
changes in the Prime Rate will take effect on the first day of your billing cycle beginning 
in  the  next  month.  An  increase  in  the  U.S.  Prime  Rate  will  increase  your  APR  and 
Periodic Rates. It may also increase your: 
  • Interest Due; and/or 
  • Minimum Payment Due. 
The APR will not exceed 18.00%.

13.

CONDITIONS UNDER WHICH OTHER CHARGES MAY BE IMPOSED. 
We may impose the following fees and charges on your Account:

a. 

b. 

c.

d.

e.

Late Fee. If your minimum monthly payment is not paid within five (5) days of the 
due date, your account may be assessed a late fee of $27.00.
Miscellaneous Photocopying. If you request a copy of a sales draft or other 
document, we may charge your Account $3.00 per copy and $8.50 per half hour. 
These charges cover the costs of locating, copying, and delivering the documents 
to you. If a request is related to a billing error and an error is found, we may reverse 
any photocopying charges.
Replacement Card Charge. A $10.00 per card charge may be imposed for each 
replacement card you request, regardless of the reason.
Returned  Check  Charge.  A  $25.00  charge  may  be  imposed  for  each  check 
drawn on your account that is returned to the Credit Union for insufficient funds or 
Account closure.
Stop Payment Fee. A $25.00 fee may be charged for any Visa loan check you 
write and request us to stop payment of.

f.

g.

h.
i.

Attorney’s  Fees  and  Collection  Costs.  If  you  default  on  any  part  of  this 
Agreement, you agree to pay us all costs to collect your Account, including court 
costs and reasonable attorney fees, including in-house collector fees equal to the 
statutory attorney fees as set forth in RCW 4.84.080 and outside collection agency 
costs  (whether  or  not  there  is  a  lawsuit);  fees  on  any  appeal;  and  fees  for 
bankruptcy proceedings, appeals, and any post-judgment collection services, if 
applicable.
ATM Fees. If you use an ATM to obtain a cash advance and the ATM is not oper- 
ated by us, you may be charged an ATM surcharge by the ATM operator or an ATM 
network utilized for such a transaction. The ATM surcharge may be charged to 
your account if you complete the transaction.
Card Rush Fee. $50.00 for overnight and $25.00 for two day delivery.
Cash Advance Fee. A fee of 2.5% will be charged on advances made in person, 
by telephone, at an ATM, or to your checking or savings account.

14.  CONDITIONS OF CARD/ACCOUNT USE.

The use of your Card and Account is subject to the following conditions:

a.

b.

c.

d.

e.

f.

g.

Ownership of Cards. Any Card or other credit instrument or device which we 
supply to you is our property and must be returned to us, or to any person whom 
we authorize to act as our agent, or to any person who is authorized to honor the 
Card, immediately according to instructions. The Card may be repossessed at 
any time in our sole discretion without demand or notice. You cannot transfer 
your Card or Account to another person.
Honoring the Card. Neither we nor merchants authorized to honor the Card will 
be  responsible  for  the  failure  or  refusal  to  honor  the  Card  or  any  other  credit 
instrument or device we supply to you. If a merchant agrees to give you a refund 
or  adjustment, you  agree to accept a credit  to your  Account in lieu of  a cash 
refund. You may not use the Card for any illegal or unlawful transaction, and we 
may decline to authorize any transaction that we believe poses an undue risk of 
illegality or unlawfulness.
Visa Loan Checks. We may not honor a Visa loan check if: your check is post- 
dated, payment of the check would exceed your credit limit, a check is signed by 
a  person  without  authorized  access,  your  account  has  been  terminated  or 
suspended, or any checks have been lost or stolen. You may stop payment on a 
Visa loan check if you provide us with the exact information describing the check. 
If you give us incorrect information, we will not be responsible for failing to stop 
payment. You understand there may be a charge for each stop payment request.
Currency Conversion. Cash withdrawals and purchases made in foreign coun- 
tries will be posted to your account in U.S. dollars. The charge will be converted 
into  U.S.  dollars  at  the  exchange  rate  established  in  accordance  with  the 
operating  regulations  for  international  transactions  established  by  the  network 
processing your transaction. For Visa transactions, the exchange rate between 
the transaction currency and the billing currency used for processing internation-
al  transactions  is  a  rate  selected  by  Visa  from  the  range  of  rates  available  in 
wholesale  currency  markets  for  the  applicable  central  processing  date,  which 
may vary from the rate Visa itself receives or the government-mandated rate in 
effect for the applicable central processing date.
Notices and Payments. All notices will be sent to your address on file. You 
agree to advise us promptly if you change your mailing address. All payments 
should  be  mailed  to  us  at  the  remittance  address  shown  on  your  monthly 
statements. Payments received at that address will be credited to your Account 
as of the date received.
Personal Identification Number. We will issue you a Personal Identification 
Number (“PIN”) for use with your Card at automatic teller machines (“ATMs”). 
These numbers are issued to you for your security purposes. These numbers are 
confidential and should not be disclosed to third parties. You are responsible for 
safekeeping your PIN. You agree not to disclose or otherwise make available your 
PIN to anyone not authorized to sign on your Accounts. To keep your Account 
secure, please do not write your PIN on your card or keep it in the same place as 
your card.
Illegal Use. You cannot use your Card for gambling purposes or in connection 
with any illegal activity.