Listerhill.com >Services >Credit Cards >VISA Credit Card Agreement

This Consumer Credit Card Agreement and Disclosure together with the
Account Opening Disclosure and any other Account opening documents or any
subsequent documents provided to You related to this Account (hereinafter
collectively referred to as “Agreement”) govern the terms and conditions of this
Account. “We,” “Us,” “Our” and “Ours” and “Credit Union” refers to Listerhill
Credit Union with which this Agreement is made. “You,” “Your,” and “Yours”
refers to each applicant and co-applicant for the Account; any person
responsible for paying the Account; and anyone You authorize to use, access or
service the Account. "Card" means the Visa® credit card and any other access
devices, duplicates, renewals, or substitutions, including convenience checks, the
Credit Union issues to You. "Account" means the line of credit established by
this Agreement and includes Your Card.

SECURITY INTEREST

You grant the Credit Union a security interest under the Uniform Commercial
Code and under any common law rights the Credit Union may have in any goods
You purchase.

If You give the Credit Union a specific pledge of shares by signing a separate
pledge of shares, Your pledged shares will secure Your Account. You may not
withdraw amounts that have been specifically pledged to secure Your Account
until the Credit Union agrees to release all or part of the pledged amount.

You grant Us a security interest in all individual and joint share and/or deposit
accounts You have with Us now and in the future to secure Your credit card
Account. Shares and deposits in an IRA or any other account that would lose
special tax treatment under state or federal law if given as security are not
subject to the security interest You have given in Your shares and deposits.
You may withdraw these other shares unless You are in default. When You are
in default, You authorize Us to apply the balance in these accounts to any
amounts due. For example, if You have an unpaid credit card balance, You
agree We may use funds in Your account(s) to pay any or all of the unpaid
balance. You acknowledge and agree that Your pledge does not apply during
any periods when You are a covered borrower under the Military Lending Act.
For clarity, You will not be deemed a covered borrower, and Your pledge will
apply, if: (i) You established Your credit card Account when You were not a
covered borrower; or (ii) You cease to be a covered borrower.

Unless otherwise prohibited by federal and/or state law, collateral securing
other loans You have with the Credit Union may also secure this loan, except
that a dwelling will never be considered as security for this Account,
notwithstanding anything to the contrary in any other Agreement.

1. USING YOUR ACCOUNT — By using the Account or keeping the Card, You
agree to the terms of this Agreement. You agree to use Your Account in
accordance with this Agreement. Your Account must only be used for lawful
transactions.

2. CREDIT LIMIT — We may establish a credit limit as part of this Agreement,
which You promise not to exceed. If You exceed the credit limit, You promise to
repay immediately the amount which exceeds the credit limit, including amounts
due to finance charges, fees or other charges. You may request a credit limit
increase on Your Account only by a method acceptable to the Credit Union. We
may increase or decrease Your credit limit, refuse to make an advance and/or
terminate Your Account at any time for any reason permitted by law. 

3. CONVENIENCE CHECKS — We may, from time to time, issue convenience
checks to You that may be drawn on Your Account. Convenience checks may not
be used to make a payment on Your Account. If You use a convenience check, it
will be posted to Your Account as a cash advance. We reserve the right to refuse
to pay a convenience check drawn on Your Account for any reason and such
refusal shall not constitute wrongful dishonor. You may request that We stop
the payment of a convenience check drawn on Your Account. You agree to pay
any fee as identified in this Agreement imposed to stop a payment on a
convenience check issued on Your Account. You may make a stop payment
request orally, if permitted, or in writing. Your request must be made with
sufficient time in advance of the presentment of the check for payment to give
Us a reasonable opportunity to act on Your request. In addition, Your request
must accurately describe the check including the exact Account number, the
payee, any check number that may be applicable, and the exact amount of the
check. If permitted, You may make a stop payment request orally but such a
request will expire after 14 days unless You confirm Your request in writing
within that time. Written stop payment orders are effective only for six months
and may be renewed for additional six month periods by requesting in writing
that the stop payment order be renewed. We are not required to notify You
when a stop payment order expires.

If We re-credit Your Account after paying a check over a valid and timely stop
payment order, You agree to sign a statement describing the dispute with the
payee, to assign to Us all of Your rights against the payee or other holders of the
check and to assist Us in any legal action.

You agree to indemnify and hold Us harmless from all costs and expenses,
including attorney's fees, damages, or claims, related to Our honoring Your stop
payment request or in failing to stop payment of an item as a result of incorrect
information provided to Us or the giving of inadequate time to act upon a stop
payment request. Note: A convenience check is not a check as that term is
defined under the Uniform Commercial Code. It is an advance from Your credit
card Account with Us and Your stop payment rights are provided under this
Agreement with Us. 

4. REPAYMENT — You promise to repay all amounts You owe under this
Agreement. Your promise to repay includes all transactions made to Your
Account by You or anyone You authorize to use Your Account as well as all

interest charges and fees.

For each billing period, You must pay at least the Minimum Payment Due by the
Payment Due Date.

The Minimum Payment Due is 2.00% of Your total New Balance, or $25.00,
whichever is greater, plus any amount past due and any amount by which You
have exceeded Your applicable credit limit. If Your total New Balance is less than
$25.00, then Your Minimum Payment Due is the amount of the total New
Balance.

You may pay more frequently, pay more than the Minimum Payment Due or pay
the total New Balance in full.

If You make extra or larger payments, You are still required to make at least the
Minimum Payment Due each month Your Account has a balance (other than a
credit balance). The Credit Union may delay replenishing Your credit limit until
the date the payment is posted or the Credit Union confirms the payment has
cleared.

Your payment of the required Minimum Payment Due may be applied to what
You owe the Credit Union in any manner the Credit Union chooses, as permitted
by applicable law. If You make a payment in excess of the required Minimum
Payment Due, the Credit Union will allocate the excess amount first to the
balance with the highest annual percentage rate (“APR”) and any remaining
portion to the other balances in descending order based on applicable APR,
unless otherwise prescribed by applicable law. We may accept checks marked
"payment in full" or with words of similar effect without losing any of Our rights
to collect the full balance of Your Account with Us.

5. INTEREST AND FINANCE CHARGES — We will begin charging You interest
on purchases on the date the transaction is posted to Your Account. We will
begin charging You interest on cash advances and balance transfers on the date
of the transaction or the first day of the billing cycle in which the transaction is
posted to Your Account, whichever is later (transaction date). However, We will
not charge You any interest on new purchases if Your Account had a zero or
credit balance at the beginning of that billing cycle, or You paid the entire new
balance on the previous cycle's billing statement by the Payment Due Date of
that statement. To avoid an additional finance charge on the balance of
purchases, You must pay the entire new balance on the billing statement by the
Payment Due Date of that statement. 

How We Calculate Your Balance:

Interest charges on Your Account are calculated separately for purchases,
balance transfers and cash advances (“Transaction Type”). We figure the interest
charge for each Transaction Type by applying the periodic rate to each
corresponding “average daily balance.” To get the “average daily balance” for a
Transaction Type We take the beginning balance for that Transaction Type each
day, add any new transactions of that type, and subtract any unpaid interest or

other finance charges and any applicable payments or credits. This gives Us the
daily balance for each Transaction Type. Then, for each Transaction Type, We
add up all the daily balances for the billing cycle and divide each total by the
number of days in the billing cycle. This gives Us the “average daily balance” for
each Transaction Type.

6. FEES — In addition to the periodic rate, additional fees may be imposed on
Your Account. If applicable to Your Account, the fee amounts and explanations
are disclosed on the Account Opening Disclosure accompanying this Agreement. 

7. FOREIGN TRANSACTIONS — Purchases and cash advances made in foreign
currencies will be debited from Your Account in U.S. dollars. The exchange rate
between the transaction currency and the billing currency used for processing
international transactions is a rate selected by Visa from a range of rates
available in wholesale currency markets for the applicable central processing
date, which rate may vary from the rate Visa itself receives or the government-
mandated rate in effect for the applicable central processing date. The exchange
rate used on the processing date may differ from the rate that would have been
used on the purchase date or cardholder statement posting date.

A fee (finance charge) will be charged on all transactions completed in a foreign
currency. All fees are calculated based on the transaction amount after it is
converted to U.S. dollars. These fees are charged except where excluded. The
Foreign Transaction Fee is set forth on the Disclosure accompanying this
Agreement. 

8. AUTHORIZATIONS — We do not guarantee authorization of a transaction,
either by Us or by a third party, even if You have sufficient credit available. You
agree that We will not be liable for failing to give an authorization. We also
reserve the right to limit the number of transactions that may be approved in
one day. We reserve the right to deny certain transactions for any reason and at
Our sole discretion, including for default, suspected fraudulent or unlawful
activity, internet gambling or any indication of increased risk related to the
transaction or the Account. You agree that We have no requirement to notify
You of the specific reason We denied a transaction. If We detect unusual or
suspicious activity, We may suspend Your credit privileges until We can verify
the activity, or We may close the Account.

9. PREAUTHORIZED CHARGES — If You default, if the Card is lost or stolen, or
We change the Account for any reason, We may suspend automatic charges with
third party vendors. If preauthorized charges are suspended, You are
responsible for making direct payment for such charges until You contact the
third party to reinstate the automatic charges.

10. DEFAULT — You will be in default under this Agreement if You fail to pay the
Minimum Payment Due by its Payment Due Date; pay by a check or similar
instrument that is not honored or that We must return because it cannot be
processed; pay by automatic debit that is returned unpaid; make any false or
misleading statements in any credit application or credit update; file for
bankruptcy; or die. You will also be in default if You fail to comply with the terms
of this Agreement or any other Agreement You have with Us.

If You default, We may close Your Account and require You to pay any unpaid
balance immediately, subject to applicable law. In this Agreement and on Your
Credit Card Application, You gave Us a security interest in all individual or joint
share and/or deposit accounts with the Credit Union and authorized Us, if You
defaulted, to apply the balance in these accounts to any amounts due. You agree
We may rely on Your agreement and authorization to, upon Your default, apply
any balance to any amounts due on Your Account.

11. LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD
NOTIFICATION — If You notice the loss or theft of Your credit card or a possible
unauthorized use of Your Card, You should call Us immediately at 800-239-
6033, Monday through Friday 8:00 a.m. to 5:00 p.m. Eastern Time, or write to Us
at P.O. Box 566, Sheffield, AL, 35660-0566.

You will not be liable for any unauthorized use that occurs after You notify Us.
You may, however, be liable for unauthorized use that occurs before Your notice
to Us. You will have no liability for unauthorized use unless You are found to be
fraudulent or negligent in the handling of Your Account or Card. In any case,
Your liability for unauthorized transactions will not exceed $50.

12. CHANGING OR TERMINATING YOUR ACCOUNT — As permitted by law,
the Credit Union may change the terms of this Agreement and any attached
Disclosure from time to time. Notice of any change will be given in accordance
with applicable law. To the extent permitted by law, changes to the Agreement
may apply to Your existing account balance as well as to future transactions.

Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas,
Washington, and Wisconsin Residents - Either You, Your spouse or the Credit
Union may terminate this Agreement at any time, but termination by You, Your
spouse or the Credit Union will not affect Your obligation to pay the account
balance plus any finance and other charges You or Your spouse owe under this
Agreement. Your obligation to pay the account balance plus any finance and
other charges You owe under this agreement are subject to all applicable laws
and regulations regarding repayment requirements. The Card or Cards You
receive remain the property of the Credit Union and You must recover and
surrender to the Credit Union all Cards upon request or upon termination of this
Agreement whether by You or the Credit Union.

Residents of all other states - 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 finance and other
charges You owe under this Agreement. Your obligation to pay the account
balance plus any finance and other charges You owe under this agreement are
subject to all applicable laws and regulations regarding repayment requirements.
The Card or Cards You receive remain the property of the Credit Union and You
must recover and surrender to the Credit Union all Cards upon request or upon
termination of this Agreement whether by You or the Credit Union.

13. AUTHORIZED USERS — Upon Your request, We may issue additional Cards
for authorized users that You designate. You must notify Us in writing of any
termination of an authorized user's right to access Your Account. Your notice

must include the name of the authorized user and Your Account number and/or
any subaccount number issued to the authorized user along with the authorized
user's Card and any convenience or other access checks issued to the authorized
user. If You cannot return the authorized user's Card or access checks and if You
request Your Account to be closed, We will close Your Account and You may
apply for a new Account. Alternatively, We may, at Our sole discretion, issue You
a new Account number and a new Card.

14. CREDIT REPORTS AND NOTICE OF NEGATIVE INFORMATION — You
authorize the Credit Union to obtain credit reports and any other information
We may need to verify Your identity and use of the Account when opening Your
Account and for any update, increase, renewal, extension, collection or review of
Your Account. You authorize the Credit Union to disclose information regarding
Your Account to credit bureaus and creditors who inquire about Your credit
standing. We may report information about Your Account to credit bureaus.
Late payments, missed payments, or other defaults on Your Account may be
reflected on Your credit report. 

15. JOINT ACCOUNTS — If this is a joint Account, each of You will be
individually and jointly responsible for paying all amounts owed under this
Agreement. This means that the Credit Union can require any one of You
individually to repay the entire amount owed under this Agreement. Each of You
authorizes the other(s) to make transactions on the Account individually. Any
one of You may terminate the Account and the termination will be effective as to
all of You.

16. EFFECT OF AGREEMENT — This Agreement is the contract which applies to
all transactions on Your Account even though the sales, cash advances, credit or
other slips You sign or receive may contain different terms.

17. SEVERABILITY AND FINAL EXPRESSION — This Agreement is the final
expression of the terms and conditions of Your Account. This written Agreement
may not be contradicted by evidence of any alleged oral Agreement. Should any
part of this Agreement be found to be invalid or unenforceable, all other parts of
this Agreement shall remain in effect and fully enforceable to the fullest extent
possible under this Agreement.

18. ILLEGAL TRANSACTIONS PROHIBITED — You agree that You will not use
Your Card for any transaction, including any type of electronic gambling
transaction through the Internet, that is illegal under applicable federal, state, or
local law.

Even if You use Your Card for an illegal transaction, You will be responsible for
all amounts and charges incurred in connection with the transaction. This
paragraph shall not be interpreted as permitting or authorizing any transaction
that is illegal.

19. APPLICABLE LAW — The terms and enforcement of this Agreement shall be
governed by federal law and the law of Alabama.

20. ENFORCING THIS AGREEMENT — We can delay in enforcing or fail to
enforce any of Our rights under this Agreement without losing them.

21. COLLECTION COSTS — If We refer collection of Your Account to a lawyer
who is not Our salaried employee, You are liable for any reasonable attorney’s
fees We incur, plus the costs and expenses of any legal action, as further
disclosed on this Agreement, or to the extent allowed by law.

22. ASSIGNMENT — We may assign any or all of Our rights and obligations
under this Agreement to a third party.

23. CALIFORNIA RESIDENTS — A married applicant may apply for a separate
Account. Applicants: 1) may, after credit approval, use the credit card Account
up to its credit limit; 2) may be liable for amounts extended under the plan to any
joint applicant. As required by law, 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 Your credit obligations.

24. FLORIDA RESIDENTS — You (borrower) agree that, should We obtain a
judgment against You, a portion of Your disposable earnings may be attached
or garnished (paid to Us by Your employer), as provided by Florida and Federal
law.

25. MARYLAND RESIDENTS — To the extent, if any, that Maryland law applies
to Your Account, We elect to offer Your Card Account pursuant to Title 12,
Subtitle 9 of the Maryland Commercial Law Article.

26. MISSOURI RESIDENTS — Oral Agreements or commitments to loan
money, extend credit or to forbear from enforcing repayment of a debt
including promises to extend or renew such debt are not enforceable. To
protect You (borrower(s)) and Us (creditor) from misunderstanding or
disappointment, any Agreements We reach covering such matters are
contained in this writing, which is the complete and exclusive statement of the
Agreement between Us, except as We may later agree in writing to modify it.

27. NEW YORK RESIDENTS — We may obtain a credit report in connection with
this Account, including for any review, modification, renewal or collections
associated with this Account. Upon Your request, You will be informed whether
such report was requested and, if so, the name and address of the consumer
reporting agency furnishing the report. New York residents may contact the
New York State Banking Department at 800.342.3736 or http://www.dfs.ny.gov
to obtain a comparative listing of credit card rates, fees and grace periods.

28. OHIO RESIDENTS — The Ohio laws against discrimination require that all
creditors make credit equally available to all creditworthy customers and that
credit reporting agencies maintain separate credit histories on each individual
upon request. The Ohio Civil Rights Commission administers compliance with
this law.

29. SOUTH DAKOTA RESIDENTS — If You believe there have been any
improprieties in making this loan or in the lender’s loan practices, You may
contact the South Dakota Division of Banking at 1601 N. Harrison Ave, Suite 1,
Pierre, SD 57501, or by phone at 605.773.3421.

30. WISCONSIN RESIDENTS — If You are married, please contact Us
immediately upon receipt of this Agreement at the address or phone number
listed on this Agreement and provide Us with the name and address of Your
spouse. We are required to inform Your spouse that We have opened an
Account for You.

31. NOTICE TO UTAH BORROWERS — This written Agreement is a final
expression of the Agreement between You and the Credit Union. This written
Agreement may not be contradicted by evidence of any oral Agreement. As
required by law, 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 Your credit obligations. 

32. THE FOLLOWING IS REQUIRED BY VERMONT LAW — NOTICE TO CO-
SIGNER — YOUR SIGNATURE ON THIS NOTE MEANS THAT YOU ARE
EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER
DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM
YOU. 

QUESTIONS?

While we hope you find the information you need online, we want to remind you
that Listerhill is more than a website. We’re your credit union, and we look
forward to helping you. Call us at (256) 383-9204 or 1-800-239-6033 for
friendly, local assistance. Better yet, stop by one of our branches for some
personal service.

© 2017 Listerhill Credit Union. All Rights Reserved.

Federally Insured by the NCUA.