M(cid:16)1(cid:19)(cid:27)(cid:26)(cid:26)(cid:23)

billing cycle and divide the total by  the number of days in the billing cycle.  
This gives us the” average daily balance.” 

9.  Periodic  statements:    We  will  send  you  a  statement  showing  advances, 
payments,  and  credits  made  to  your  line  of  credit  account  during  the  billing 
cycle,  as  well  as  your  “New  Balance,”  and  Interest  Charge  and  any  late 
charges  or  other  fees.    Your  statement  also  will  identify  the  minimum 
payment you must make for that billing period and the date it is due. 

10.  Minimum  payment:    Borrower  agrees  to  pay  each  month  a  minimum 
monthly payment plus any payment past due together with any balance which 
exceeds Borrower’s Maximum Credit Limit.  The minimum monthly payment 
will  be  3%  of  the  outstanding  balance  or  $20.00,  whichever  is  greater,  and 
will be due by the due date shown on the statement.  Any outstanding balance 
less  than  $20.00  is  payable  in  full.    Borrower  may  pay  any  outstanding 
balance prior to maturity in whole or in part without penalty.  We can accept 
late payments or partial payments, or checks, drafts and money orders marked 
“Payment  in  Full,”  or  having  similar  language  of  accord  and  satisfaction, 
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 monthly payment.  Your payments may be allocated 
at  the  Credit  Union’s  discretion  to  pay  off  lower  rate  balances,  such  as 
promotional  offers,  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, as applicable.  From time to time, we may allow 
you to skip your minimum monthly payment due.  If  you choose to skip that 
payment,  Interest  Charges  will  continue  to  accrue  in  accordance  with  this 
Agreement.   

11.  Returns  and adjustments:    Merchants  and  others  who  honor  the  VISA 
Card  may  give  credit  for  returns  or  adjustments  by  sending  us  a  credit  slip 
which will be posted to the Borrower’s account.  If the Borrower’s credits and 
payments exceed what the Borrower owes we will hold and apply this credit 
balance  against  future  purchases  and  cash  advances  or  refund  it  on  the 
borrower’s written request if it is $1 or more. 

12.  Default:    You  will  be  in  default  under  this  Agreement  if  any  of  the 
following  occur:  (a)  any  minimum monthly  payment  is  not  made  when  it  is 
due; (b) you become insolvent, bankrupt, 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 balance immediately due and payable, and you agree to pay 
that amount.  If you default on any part of this Agreement, you agree to  pay 
the  Credit  Union  all  costs  to  collect  your  account,  including  court  costs  and 
reasonable  attorney  fees  whether  or  not  there  is  a  lawsuit,  and  fees  on  any 
appeal and fees for bankruptcy proceedings, appeals, and any post judgment 
collection services, if applicable. These fees and costs may be added to your 
account balance and will bear interest at the Annual Percentage Rate in effect 
at that time. We can delay enforcing any right under this Agreement without 
losing that right or any other right. We will notify you in writing of any such 
action as soon as practical if it occurs. 

13. Credit Union lien and security interest:  If you have signed a separate 
Security  Agreement,  the  extent  you  owe  the  Credit  Union  money  as  a 
Borrower under this Agreement, the Credit Union has a lien on any and 
all of the funds in any account in which you have an ownership interest at 
the Credit Union, regardless of the source of funds.  You agree that the 
Credit  Union  may  apply,  without  further  notice,  any  or  all  such  funds 
and earnings on such funds toward payments due, and collection costs in 
the  event  of  default.    The  Credit  Union  may  apply  these  funds  in  any 
order to pay off your indebtedness.  If the Credit Union does not waive its 
rights  to  enforce  its  lien,  the  Credit  Union  does  not  waive  its  rights  to 
enforce its lien at a later time.  In addition, you grant the Credit Union a 
consensual security interest in your accounts, now and in the future, and 
grant  us  a  purchase  money  security  interest  under  the  Uniform 
Commercial  Code  in any  goods you  purchase  through  your account.   If 
you default, we have the right to recover any of these goods, which have 
been  paid  for  through  application of your  payments  in  accordance with 
this agreement or to use the funds from your accounts to pay any debt or 
amounts  owed  to  the  Credit  Union,  except  obligations  secured  by  your 
dwelling.    Collateral  securing  other  loans  with  the  Credit  Union,  except 
for your dwelling, may also secure this agreement.  Shares and deposits in 
an individual retirement account and any other account that would lose 
special  tax  treatment  under  state  or  federal  law  if  given  as  security  are 
not subject to this security interest. 

14.  Termination  of  credit  and  acceleration  of  payment:    Borrower 
understands and hereby agrees that this agreement may be terminated and any 
and  all  amounts  then  due  and  owing  may  be  accelerated  and  deemed 
immediately  due  and  payable  upon  occurrence  of  any  of  the  following 
conditions: 

In the event of default; or 

A. 
B.  Upon failure of the Borrower to satisfy the terms of this agreement; or 
C.  Upon  the  Borrower’s  failure  to  make  any  payments  when  due  on  any 

loan with the Credit Union; or 

D.  Upon Borrower’s failure to satisfy the terms of this agreement and any 

future amendments; or 

E.  Upon adverse re-evaluation of the Borrower’s creditworthiness; or 
F.  Death or legal incapacity of the Borrower or a joint borrower; or 
G.  You  engage  in  any  fraud  or  material  misrepresentation  in  connection 

with the line of credit; or 

H.  At the option of the Credit Union or Borrower. 

Borrower further understands and acknowledges that termination in any event 
shall not affect Borrower’s obligation to pay any outstanding balance. 

15. Responsibility of borrower:  Borrower is required and does hereby agree 
to report to the Credit Union any change in Borrower’s NAME, ADDRESS or 
EMPLOYMENT.    Borrower  agrees  not to  consummate  any  consumer  credit 

VISA CREDIT CARD AGREEMENT 
SHARE SECURED, CLASSIC, 
GOLD & PLATINUM 
(Including Federal Truth in Lending Disclosures) 

This  Visa  Credit  Card  Agreement  and  the  Account  Disclosures 
accompanying  this  Agreement  will  govern  your  Share  Secured  VISA, 
Classic VISA, Gold VISA, and Platinum VISA Credit Card and account 
issued  by  Denali  Alaskan  Federal  Credit  Union.    In  this  Agreement  the 
words “you,” “your,” and “Borrower,” mean each and every person who 
signs the application for this Account.  The words “we,” “Credit Union,” 
and  “our,”  mean  Denali  Alaskan  Federal  Credit  Union.    By  Requesting 
and  receiving,  signing,  using  or  permitting  others  to  use  a  VISA  card 
issued to you by the Credit Union, you agree to the following terms: 

1. Maximum credit limit:  Borrower has applied to Denali Alaskan Federal 
Credit  Union  for  a  VISA  Card  Line-of-Credit.    The  loans  which  the  Credit 
Union may extend to the Borrower under this account shall at no time exceed 
the assigned credit limit (“Maximum Credit Limit”). 

2. Loans covered:  Two types  of credit are available to the Borrower under 
this Agreement.  Borrower may utilize the VISA card to charge purchases of 
goods and services at businesses  where VISA cards are accepted.  Borrower 
may  utilize  the  credit  extended  herein  to  receive  cash  advances  from  the 
Credit  Union  or  other  financial 
institutions  honoring  VISA  cards.  
Additionally,  you  may  use  your  Personal  Identification  Number  (PIN)  with 
your VISA card to get cash advances at Automated Teller Machines (ATMs) 
displaying the VISA symbol.  

3.  Request  for  loans:    Borrower  agrees  that  each  use  of  the  VISA  Card 
constitutes  a  loan  in  the  amount  of  the  transaction.    Borrower  agrees  not  to 
exceed  the  approved  Maximum  Credit  Limit  under  this  Agreement.    At  the 
request of the Credit Union, Borrower agrees to return to the Credit Union the 
VISA card.  Borrower is responsible for the safekeeping of the VISA Card. 

4. Promise to pay:  You promise to pay the Credit Union all amounts, plus 
any  Interest  Charges  which  arise  from  use  of  the  card  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. 

5.  Currency  Conversion/Foreign  Transaction  Fee:    Purchases  and  cash 
advances made in foreign countries will be billed to you in U.S. dollars.  The 
currency conversion rate for international transactions as established by VISA 
International, Inc. is a rate selected by VISA from the 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.  In addition, 
you will be charged a Foreign Transaction Fee of up to 2% of the transaction 
amount for any card transaction made in a foreign country.  

6.  Periodic  Rate  and  Corresponding  Annual  Percentage  Rate:    The 
periodic Rate and Corresponding Annual Percentage Rate may vary monthly 
based upon an index.  The index is the Prime Rate in effect on the 15th day of 
the prior month as published in the “Money Rates” section of the Wall Street 
Journal.  The Credit Union adds to the index a margin of 10 percentage points 
for Share Secured VISA cards, 9 percentage points for Classic VISA cards, 7 
percentage points for Gold VISA cards and 5 percentage points for Platinum 
VISA  cards.  The  maximum  Annual  Percentage  Rate  that  can  apply  is  18%.  
Any increase or decrease in the Annual Percentage Rate will affect the amount 
of each monthly payment.  The Interest Charge includes interest and no other 
cost.    The  Annual  Percentage  Rate  is  divided  by  12  to  obtain  the  Periodic 
Rate. 

7.  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.” 

(A) Credit purchases.  An Interest Charge will be imposed on the portion of 
purchases  included  in  the  new  balance  that  remains  unpaid  on  the  due  date 
following  the  closing  date.    This  “grace  period”  allows  you  to  avoid  an 
Interest Charge on purchases for a billing cycle.  However, to the extent you 
do  not  pay  your  purchase  transactions  within  the  grace  period,  your  Interest 
Charge will accrue from the date purchases are posted to your account. 

(B)  Cash  advances.    An  Interest  Charge  will  be  imposed  on  Visa  cash 
advances that you obtain through the use of your VISA card as of the date of 
each such Cash Advance and will continue to accrue until the balance is paid 
in full.  

8. Method used to determine the balance on  which the Interest Charges 
may be computed and amount of Interest Charge:  The Interest Charge for 
a billing cycle is computed by applying the periodic rate to the “average daily 
balance.”  To get the “average daily balance,” we take the beginning balance 
of  your  account  each  day,  add  any  new  purchases,  cash  advances  and  other 
charges,  and  subtract  any  payments  or  credits  and  unpaid  Interest  Charges.  
This gives us the daily balance. Then, we add up all the daily balances for the 

 
 
 
 
 
 
 
 
 
 
 
transaction  under  this  agreement  upon  knowing  that  credit  privileges  under 
this Agreement have been terminated or suspended. 

losses provided you were not grossly negligent or fraudulent in handling your 
card.   

16. Late charges:  If your required minimum payment is not received at the 
Credit Union by the due date, you must pay $15.00. 

17. Liability of persons signing:  Each Borrower(s) acknowledges that they 
shall be individually, jointly and severally liable for the payment of all sums 
owing  under  the  terms  and  provisions  hereof  and  Borrowers  waive  demand 
protest and notice of protest and dishonor same.  Whenever used herein, the 
singular includes the plural. 

18.  Overdraft  protection  fee:  If  you  request  overdraft  protection,  any 
overdrafts on  your share draft account or any other share draft account(s) as 
designated by you will be charged against your unsecured credit limit and will 
be subject to the Interest Charge applicable to your unsecured amount.  

19. Annual fee:  An annual fee of $15.00 will be assessed for Share Secured 
cards.  The  annual  fee  will  bill  on  your  monthly  statement  within  60 days  of 
opening the credit card and within 60 days of your anniversary date thereafter.  

20. Other charges:  Other charges which may be added to this account are: 
Two cards per account Free; Rush Card Fee $30.00-$50.00 
Additional or Replacement Cards $5.00 each 
Research/Charge Back Fee $15.00; Returned Check $20.00 
Document Copy $3.00* 

*Charge not imposed if copy for resolution of a billing error. 

21. Ownership of cards:  Any card or other device that 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. You may not use the card or Account for 
any  transaction  that  is  illegal  or  unlawful.  We  may  refuse  to  authorize  any 
transaction that we believe may be illegal or unlawful. 

22.  PIN:  If  we  issue  a  PIN  for  use  with  your  card in  accessing  your  line  of 
credit at 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 
account. 

23. Amendments:  We reserve the right to amend the terms of this Agreement 
at  any  time  as  permitted  by  and  subject  to  any  limitations  and  notice 
requirements of applicable law. 

24.  Remitting  payments:    All  payments  for  VISA  card  accounts  should  be 
sent to Denali Alaskan Federal Credit Union, 440 E. 36th Avenue, Anchorage, 
AK 99503 or in the envelope provided.  Payments will be credited on the date 
received.    Payments  received  at  this  address  on  or  before  7:00  PM  on  any 
business  day  will  be  credited  to  your  Account  as  of  that  date;  payments 
received by mail at that address after 7:00 PM or on a weekend 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  accompanied  by  the  remittance  portion  of  your 
Account statement.  Written notices and inquiries to the Credit Union must be 
sent to Attn: Visa Administration, 440 E. 36th Avenue, Anchorage, AK 99503. 

25.  Loss  or  theft  of  credit  card-Liability  for  unauthorized  transactions:  
You agree to notify us immediately of the loss, or the theft or the unauthorized 
use of any card or credit instrument or device which we supply to you.  You 
may notify issuer at (907) 257-7200 Monday-Saturday excluding holidays OR 
after hours call First Data at (800) 556-5678. You will not be liable for any 

26.  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 line of credit.  You agree 
to  provide  us  a  current  financial  statement  and  updated  credit  information 
upon request. 

27.  Governing  law:  This  agreement  shall  be  governed  by  the  laws  of  the 
state of Alaska and the Federal government, where applicable. 

28.  Your Billing Rights under the Fair Credit Billing Act: Keep this notice 
for future use.  It 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 the address shown on your bill. In 
your letter, give us the following information:   
  Your name and account number  
  The dollar amount of the suspected error.   
  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 
and at least three 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. 
After We Receive Your Notice. 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. 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. 
If we made a mistake, you will not have to pay the amount in question or any 
interest 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 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 determined 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. 
Special Rule for 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.  There are two 
limitations on this right: 

1.  The purchase must have been made in your home state or within 

100 miles of your current mailing address. 

2.  The purchase price must have been more than $50.  
These limitations do not apply if your purchase was based on an 
advertisement we mailed to you, or if we own or operate the merchant. 

Interest Rates and Interest Charges

Annual Percentage Rate
(APR):§

APR for Balance Transfers

APR for Cash Advances

Penalty APR and
When it Applies

8.25% to 13.25%
8.25% to 13.25%
8.25% to 13.25%
8.25% to 13.25%

How to Avoid Paying
Interest on Purchases

When you open your account, based on your credit-worthiness. After that, your APR
will vary witht the market based on the Prime Rate.

This APR will vary with the market based on the Prime Rate.

This APR will vary with the market based on the Prime Rate.*

This APR may be applied to your account if you:
  1) Make a late payment;
  2) Go over your credit limit twice in a six-month period;
  3) Make a payment that is returned, or
  4) Do any of the above on another account that you have with us.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the
Penalty APR will apply until you make six consecutive minimum payments when due.

Your due date is at least 25 days after the close of each billing cycle. We will not
charge you any interest on purchases if you pay your entire balance by the due date
each month.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.00.

For Credit Tips from the
Consumer Financial Protection Bureau: 

To learn more about factors to consider when applying for or using a credit card,
visit their website: www.consumerfinance.gov/learnmore

Fees

Annual Fees

Transaction Fees

Penalty Fees

Other Fees

None on Visa Platinum, Gold, Classic. $15.00 Share Secured.

Balance Transfer: None (cid:127) Cash Advance: None (cid:127) Foreign Transaction: Up to 2% of each transaction in U.S. dollars. 

Returned Payment: Up to $20.00 (cid:127) Late Fee: $15.00

None

How we will calculate your balance: We use a method called “average daily balance (including new purchases).”
Billing Rights: Please refer to your account agreement for details on billing-error rights.

 Rev. 02/2013