CREDIT CARD AGREEMENT  
FOR STUDENTS AND YOUNG ADULTS  
EFFECTIVE OCTOBER 3, 2017 

This is your Agreement and Disclosure Statement with LAFCU.  Please read it carefully and keep it for your records.  It supersedes all 
prior agreements and disclosure statements relating to your account.  You do not have to sign this Agreement.  Your agreement to all of 
these provisions, as amended from time to time including the Card issued by us, will be shown by your application for the Card, your 
acceptance of the Card, or your use of the Card, whichever occurs first.  If you have any questions or concerns, contact LAFCU at 517-622-
6600 or visit our office at 106 North Marketplace Boulevard, Lansing, Michigan.  

Definitions  
In this Agreement, the word "Card" means either one or more VISA credit cards and any duplicates, renewals or substitutions we issue.  The 
words, "you," "your," and "yours" mean all cardholders (borrowers and co-borrowers); anyone any cardholder permits to use the Card; as 
well as any authorized user for whom an additional Card is issued to the extent of their purchases, as well as transactions by anyone they 
permit to use the Card.  The word "cardholder" means any applicant or co-applicant to whom a Card is issued by us.  The words "Credit 
Union," "we," "us," and "our" mean LAFCU.  

BINDING ARBITRATION 
Except  as  specifically  provided  in  our  membership  agreement  with  you,  which  is  incorporated  herein  by  reference,  you 
acknowledge and agree that this agreement is subject to binding arbitration; and that all disputes (including all legal and equitable 
rights and remedies) arising under case law, statutory law, and all other laws including, but not limited to, all contract, tort, 
regulatory, and property disputes will be subject to binding arbitration pursuant to your membership agreement. This provision 
substantially limits or affects your rights. Therefore, you should read it carefully. If you have misplaced it, another copy is available 
to you upon request. Neither party will have a right to have a jury decide any claim or dispute, and the ability to appeal is limited in 
an arbitrated matter. Further, neither party nor anyone on their behalf can pursue a claim or dispute in a class or representative 
action.  

PLEDGE OF SHARES AND 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.  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 loands 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. 

SECURITY AGREEMENT 
Payments on your Account are secured by any security interest in any property securing your other obligations to the Credit Union, whether 
existing now or in the future, except your household goods and your primary residence.  Further, you hereby grant Credit Union security 
interest in all property purchased through this credit plan, including a purchase-money security interest in any household goods purchased 
with an extension of credit upon this Account.   These security interests shall secure faithful performance of all obligations arising under 
this Agreement; and the Credit Union shall have all of the rights of a secured party in accordance with Article Nine of the Uniform 
Commercial Code and/or other applicable law. 

 
 
 
 
 
 
 
 
 
 
 
 
How to Use this Account 
You must sign the Card in order to use it. You can purchase or lease goods and services ("Purchases") from any merchant who honors your 
Card up to your maximum credit limit by presenting your Card and signing a sales slip for the amount of the purchase.  You agree not to 
present your Card for any extension of credit in excess of your available Credit Limits (the difference between your outstanding balance and 
your maximum credit limit) on your account.  Certain purchases require authorization prior to completion of the transaction.  In some cases, 
you may be asked to provide identification.  If our system is not working, we may not be able to authorize a transaction, even though you 
have sufficient credit available.  Also, for security reasons, we may block the use of your Card in certain countries or geographic areas.  We 
will have no liability to you or others if any of these events occur. 

You authorize us to honor any purchase you make by telephone, internet, or mail on this account.  You agree that a signature is not 
necessary as identification in such cases.  We reserve the right to refuse to honor any request for credit, to reduce your credit limit or 
terminate your account at any time using our sole discretion, based on changes in the economy, the Credit Union's financial condition, your 
creditworthiness or for any other reason not prohibited by law. 

Access to Account Information 
You agree that all borrowers and authorized users will have access to information regarding transactions on your account, including 
but not limited to purchases, account balances, account history, payments and other information relating to or arising with regard to 
this account or any transaction. 

Annual Fee 
There is no Annual Fee on any Student/Young Adult Visa Credit Card.  You will be notified in accordance with applicable regulations if 
this changes.  

Balance Transfers and Convenience Checks 
Balance Transfers and Convenience Checks are not authorized on any Student/Young Adult Visa Credit Card.  

Calculating Your Balance  
A Finance Charge computed on a monthly periodic rate ("MPR") will begin to accrue for new Purchases if you do not pay the New Balance 
in full within 25 days from the closing date of the statement on which the new Purchases first appear. A Finance Charge computed on a 
monthly periodic rate ("MPR") will begin to accrue on the transaction date of Purchases (except as provided above), or the first day of the 
billing cycle, whichever is later, and will continue to be imposed until you have paid any outstanding balance in full. The Credit Union 
calculates the Finance Charge as follows: 

The Finance Charge will be figured by applying the monthly periodic rate of your Account, indicated in the following schedule, to the 
average daily balance of Purchases.  The monthly periodic rate and Annual Percentage Rate (APR) to be used are determined by the account 
applied for or approved by us pursuant to the terms of your application. 

To get the total average daily balances for Purchases on your Account, we take the beginning balance each day, add any new Purchases, 
unpaid Finance Charges, current late payment fees, any annual fee, if applicable, and other fees, and subtract any payments or credits. This 
gives us a daily balance for Purchases. Then we add up all the daily balances for the billing cycle and divide their total by the number of 
days in the billing cycle. This gives you the average daily balance. This determines the balance subject to the Finance Charge.  This is 
called the “average daily balance” method. 

Student 

Young Adult 

Purchase 

Cash 
Advance 

Purchase 

Cash 
Advance 

Annual Percentage 
Rate 
Monthly Periodic Rate  0.741666%  0.741666% 

8.90% 

8.90% 

9.90% 
0.82500% 

15.00% 
1.2500% 

Card Recovery   
A card recovery fee of $50.00 will be charged if you use the card(s) after we mail you notice of termination of this Agreement.   

Card Replacement 
A card replacement fee of $8.00 will be charged if we replace a lost or stolen credit card. 

Expedited Delivery 
You may request expedited delivery of any new or replacement cards.  The overnight expedited delivery fee is $25.00 

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Military Lending Act Disclosures 
Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. 
In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate 
of 36 percent.  This rate must include, as applicable to the credit transaction or account:  The costs associated with credit insurance 
premiums;  fees  for  ancillary  products  sold  in  connection  with  the credit transaction; any application fee charged (other than certain 
application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a 
credit card account).   

Change of Name, Address or Employment 
You will notify the Credit Union in writing immediately if your name, home address, E-Mail address, or employment changes.  We may 
charge your account a Bad Address fee if we receive such notification of a bad home address from the United States Postal Service and you 
have not updated your address with us.  

Changing Terms of This Agreement 
The Credit Union may change the terms of this Agreement with a written notice of the change provided to the primary account holder at 
least 45 days prior to the effective date of the change whenever (1) a significant change to an account term is made, (2) the required 
minimum periodic payment is increased, (3) your account is delinquent or in default, or (4) a penalty is imposed.  The 45-day timing 
requirement does not apply (1) if you have agreed to a particular change, (2) when the change involves charges for documentary evidence, 
(3) for a reduction of any component of a finance or other charge, (4) for suspension of future credit privileges or termination of an account 
or plan, (5) when the change results from an agreement involving a court proceeding, (6) when the change is an increase in an annual 
percentage rate due to (a) the completion of a workout or temporary hardship arrangement or (b) a change in the Index that is not under the 
control of the credit union.  Significant change means changes to the (1) annual percentage rate, (2) annual fee, if applicable, (3) minimum 
interest charge, (4) transaction charges, (5) grace period, (6) balance computation method, (7) fees for late payment, over the limit, balance 
transfer, returned payment fee, (8) insurance or debt cancellation/suspension coverage. Except where limited by applicable law, the new 
terms will apply to new purchases and to the existing outstanding balance of your account as of the day of the change.  In accordance with 
applicable law, the Credit Union will notify you of any change by writing to you at the most recent address shown for you on the Credit 
Union's records. 

Your Right of Rejection 
You have the right to reject the changes listed in the previous paragraph prior to their effective date, unless you fail to make a required 
minimum payment within 60 days after the due date for that payment.  You may write us at LAFCU, 106 N. Marketplace Blvd., Lansing, 
MI 48917 to notify us of your rejection.  We may terminate or suspend your ability to use the account for further purchases or advances as 
of the effective date of the change.  You will, however, still be responsible for paying the outstanding balance on your credit card at its then 
current rate. 

Closing Your Account 
Any individual cardholder without the consent of other cardholders may close your Account at any time by notifying the Credit Union in 
writing.  The Credit Union may close your account or suspend your Card privileges at any time without prior notice.  The Credit Union may 
also reissue a different Card at any time. You must return the Card to the Credit Union upon request.  You agree that the Card remains the 
property  of  the  Credit  Union.    Each  Card  we  issue  will  have  an  expiration  date.    Upon  expiration  of  your  Card  your  account  will 
automatically terminate; or the Credit Union, in its sole discretion, may extend your Agreement and issue a new card with a new expiration 
date.  If your account is closed, expires or your credit privileges are terminated or suspended, you will remain responsible for paying all 
amounts you owe us according to the terms of this Agreement. Without limiting the foregoing, the Credit Union has the right to terminate 
your line of credit and to demand the return of all cards and other access devices if the Credit Union, in its sole discretion, feels that it is 
insecure for any reason whatsoever; including but not limited to mismanagement of your account, failing to safeguard any access device, 
creation of any credit balances by you that may increase the risk of loss or exposure of the Credit Union or failing to cooperate with the 
Credit Union or others with regard to any claim of unauthorized use or any other defense to payment under applicable law. 

Collection Costs  
You agree to pay all costs incurred by the Credit Union in collecting any amounts you owe or in enforcing or protecting the Credit Union's 
rights under this Agreement, including attorneys' fees of 20% of the unpaid balance or such greater sum as may be reasonable, and also 
those  costs,  expenses  and  attorneys'  fees  incurred  in  any  appellate, bankruptcy and post-judgment proceedings, except as limited or 
prohibited by applicable law. 

Copying Requests  
If you ask for a copy of any document, a copying fee may be imposed.  A research services fee may be imposed if you request us to conduct 
research on your account (one hour minimum).  However, no charge will be imposed in connection with any actual or asserted billing error. 

Credit Reporting Agencies 
If you think the Credit Union reported erroneous information about you to a credit reporting agency, call the Credit Union at the telephone 

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number listed on your monthly billing statement.  The Credit Union will promptly investigate the matter.  The Credit Union will contact 
each  credit  reporting  agency  whose  records  may  reflect  an  error.    The  Credit  Union  will  require  them  to  correct  your  report  if  its 
investigation decides that you were correct.  If the Credit Union disagrees with you after the investigation, the Credit Union will advise you, 
in writing or by telephone, and instruct you how to submit to those agencies a statement of your position that will become a part of your 
credit record with them.  The instructions will include the name, address, and telephone number of each such agency, along with other 
pertinent information. 

Student credit cards will not report to the credit reporting agencies. 

Payment Protection Coverage 
If you elect payment protection coverage, as set forth in your application, then the charges will be added to your Account balance on each 
billing cycle, if your application is approved.  Payment protection is voluntary and not required to obtain a credit card account with us.  You 
have a right to terminate this coverage at any time by notifying us in writing. 

Default 
You will be in default if: (a) you fail to pay the Minimum Payment Due by the Payment Due Date; (b) the Credit Union, in its sole 
discretion, feels insecure (for example:  Our good faith belief that your ability to pay your account is impaired; use of your account in any 
manner or in any way that may expose the Credit Union to a risk of loss; etc.); (c) your ability to repay is materially reduced by a change in 
your employment, by an increase in your obligations, by bankruptcy or insolvency proceedings involving you, by your death, or (for 
community property state residents only) by a change in marital status or domicile; (d) you exceed your credit limit without our permission; 
(e) you have made a false or misleading statement to us in your application or otherwise; (f) you are in default under any other agreement 
with us; (g) you use or authorize the use of any Card(s) to make or facilitate any illegal transaction; or (h) you fail to perform any of your 
other obligations under the terms of this Agreement as it may be amended from time to time. Upon default we may close your Account to 
future purchases and advances and, to the extent not prohibited by governing law, demand immediate payment of your entire Account 
balance after giving you any notice and opportunity to cure the default if required by applicable law.  The Credit Union’s sole obligation 
hereunder with regard to determining and declaring an event of default is the exercise of "good faith," based on its subjective understanding 
of applicable facts.   

Delay in Enforcement/Waivers 
The Credit Union may delay or waive enforcement of any of the provisions of this Agreement, including any agreement to make timely 
payments, without losing its right to enforce the same provision later or any other provisions of this Agreement.  You waive the right to 
receive notice of any waiver or delay or presentment, demand, protest or dishonor.  You also waive any applicable statute of limitations to 
the full extent permitted by law and any right you may otherwise have to require the Credit Union to proceed against any person before 
suing you to collect.  You understand that the Credit Union will not be liable for a merchant's or other parties' refusal to honor your Card 
whether due to an error by the Credit Union, the merchant, the Credit Union's authorized agent, or other third party. 

Finance Charges for Promotional Offers 
From time to time and in our sole discretion we may offer a special rate applicable to certain transactions such as particular purchases (as 
defined by us).   Applicable terms and conditions will be disclosed at the time any such promotion is offered, and are incorporated into this 
Agreement by reference.  The promotional rate will apply only to those transactions and for a minimum of 6 months.  Existing balances and 
new  purchases  or  advances  not  expressly  subject  to  any  such  promotion  will  remain  governed  by  the  terms  and  conditions  of  this 
Agreement.    In  addition,  the  terms  and  conditions  of  this  Agreement  will  govern  your  obligations  regarding  any  unpaid  balance  or 
transactions that are made subject to any such promotional offer, that are not fully paid within the time period set forth in such promotional 
offer. 

Grace Period and Courtesy Period 
For purposes of this credit card Agreement, a grace period is that period within which any credit extended to you may be repaid without 
incurring a finance charge due to a periodic interest rate.  If you have no previous balance on your periodic credit card statement, you can 
avoid paying interest on that month’s new purchases by paying in full the New Balance on your statement within 25 days from the closing 
date of the statement. Your payment is considered on time when it is paid by the end of the day on the due date. 

The credit union allows a 10-day courtesy period following the due date in which you may make your minimum monthly payment without a 
Late Payment fee. 

Illegal and/or Inappropriate Transactions 
You warrant and agree that you will not use any credit union accounts or services, including but not limited to loans, to make or facilitate 
any illegal transaction(s) as determined by applicable law; and that any such use, including any such authorized use, will constitute a breach 
of this Agreement.  Certain federal and/or state laws or third party service providers’ rules may limit or prohibit certain transactions such as, 
but not limited to, those coded as possible gambling transactions.  The credit union may decline to accept, process or pay any transaction 
that we believe to be illegal or unenforceable (regarding your obligation to pay us or otherwise) under applicable law; or which is otherwise 
limited or prohibited, including but not limited to, any transaction involving or relating to any gambling activity.  Such prohibition or 

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limitations may affect some otherwise proper or allowable transactions such as debits, charges or other transactions at or relating to a hotel-
casino.  You understand and agree such limitations/prohibitions are not within the credit union’s responsibility or culpability whatsoever for 
any such use by you or any authorized user(s); or for declining to accept, process or pay any such transaction.  You further agree to 
indemnify and hold the credit union harmless from any suits, liability, damages or adverse action of any kind that results directly or 
indirectly from any such use of your account and/or cards. 

Late Payment Fee  
The Credit Union will charge your account a late payment fee for each billing period in which your minimum payment is not received 
within ten (10) days following your payment due date.  This fee may be added to your account balance, or collected from you on demand.  
The fee is a tiered amount, based on your account balance.  See the Student/Young Adult Visa Disclosure Statement. 

Limits on Increasing Annual Percentage Rates  
Annual Percentage Rates may not be increased on an outstanding balance, (1) unless the rate is variable, or (2) after the expiration of a 
specified period of time disclosed at account opening, for example, an introductory or promotional rate, or (3) the consumer fails to abide by 
a workout arrangement, or (4) payments are 60 days late.  An outstanding balance is defined as the balance on the account as of the 7th day 
after the date the increase was to become effective. 

Annual Percentage Rates, fees, or finance charges may not be increased during the first year the account is open unless it is due to one of 
the four reasons listed above. 

Maximum Credit Limit 
Your Maximum Credit Limit will appear on the folder in which you receive your Card and on your monthly statement.  The credit union 
will not authorize transactions which cause your credit limit to be exceeded.  You agree we are not obligated to extend credit to you for any 
amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your outstanding balance 
already exceeds your Maximum Credit Limit.  You agree that the Maximum Credit Limit will at no time exceed the agreed upon amount, 
and that any credit balance will not be available or increase the Maximum Credit Limit available for new purchases during any billing cycle. 

At our discretion, we may increase your credit limit at any time.  We will notify you if we do, either by mail, through your monthly billing 
statement, or by any other electronic means that you have agreed to.  Your continued use of the card will show your agreement to any such 
increase.  If you object to an increase in your credit limit, you must notify the Credit Union by writing to LAFCU, 106 North Marketplace 
Blvd, Lansing, MI  48917.  Upon receipt of such notice, your credit limit will be reduced to its prior limit; however, you will be responsible 
to pay any amounts by which you have exceeded the reduced limit.  You agree to pay any amounts you owe that exceed your maximum 
credit limit upon demand.   

If we decrease your credit limit, advance notice of the decrease will be provided.  If this results in your account being over limit, no over 
limit fee or penalty rate will be imposed solely as a result of the newly decreased credit limit unless a notice was provided to you in writing 
or orally at least 45 days prior to imposing the over limit fee or penalty rate and it shall state that the credit limit has been or will be 
decreased.   

You may request an increase or decrease to your credit limit by contacting the Credit Union in person or by mail.  Any increase in your 
Maximum Credit Limit requested by you will require you to make a written application for our approval.   

Credit balances in excess of $1.00 will be refunded to you within 90 days after collection as provided herein by deposit to your primary 
share account or by mailing a check to the address to which statements are provided payable to the order of any cardholder.   

Merchant Disputes 
The Credit Union is not responsible for the refusal of any merchant or financial institution to honor your Card except as set forth in the 
Special Rules for Credit Card Purchases set forth at the end of this Agreement.   

Minimum Payment Due  
You may pay off your account balance in full each month or you may pay in monthly installments.  If you do not pay your balance in full, 
you agree to pay at least a minimum payment of 3% of your New Balance (rounded to the nearest whole dollar) or $15.00, whichever is 
greater.  If the New Balance shown on your periodic statement is $15.00 or less, you agree to pay this amount.  The Minimum Payment Due 
will also include any amount that is past due and any amount by which your new balance exceeds your credit limit.  Minimum Payments 
and credits will be applied first to pay fees, billed but unpaid finance charges, and next to pay the lowest rate balance.  You must pay at least 
the minimum payment each month, but you may pay more than that amount at any time without a penalty.  Any amount paid over the 
Minimum Payment will be applied first to the balance with the highest interest rate, then the balance with the next highest interest rate, and 
so on.  Amounts paid over the Minimum Payment will not advance the due date for the next payment; you agree to pay at least the 
minimum payment each month.   

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Monthly Statement 
We will send you a monthly billing statement whenever there is a balance due on your account.  Your monthly statement may be mailed to 
you or you may choose to receive electronic statements.  Sales,  credit or other receipts cannot be returned with any statement or payment.  
You should retain a copy of such receipts furnished at the time of the transaction in order to verify your monthly statement. 

Multiple Penalty Fees 
The Credit Union will not charge you more than one penalty fee per offense per billing cycle.  For example, a payment returned for 
insufficient funds will not  trigger a Returned Payment Fee and a Late Fee. 

Payments 
You will be jointly and severally liable and agree to pay the Credit Union for all charges (purchases, finance charges, and other charges 
added to your Account under the terms of this or any other agreements with us) extended to you or anyone else using any Card issued for 
your account, unless the use of such Card is by a person other than you, who does not have actual, implied or apparent authority for such 
use and from which you receive no benefit.  Authority includes, but is not limited to, any authorized users permitting another person to use 
any Card.  Further, all users are obligated to us for all charges they make, authorize or permit. 

The  Credit  Union  can  accept  late  or  partial  payments  as  well  as  payments  that  are  marked  with  "Paid  in  Full"  or  other  restrictive 
endorsements, without losing any of our rights under this Agreement to collect the full balance of your account.  You must pay the Credit 
Union in U.S. dollars drawn on funds on deposit in the United States.  If you make payment with other currencies or from an institution 
domiciled outside the United States, then your payment will not be credited until we have collected the funds in U.S. dollars. The Credit 
Union will determine the method of applying payments and credits to your account.   

Your credit card payment due date will be the same day each month, as determined by the credit union.  If the date is a day on which we do 
not receive or accept payments by mail (including weekends and holidays), we will treat your payment as received on the next business day. 
  The credit union will not charge you a fee for making your payment via any method we make available to you, i.e., via mail-in payment, 
over the telephone, or through Home Banking or other electronic means as may become available in the future unless it involves an 
expedited service by a service representative of the credit union such as overnight delivery. 

Non-Sufficient Funds Fee 
The Credit Union will charge your account a $26 Non-Sufficient Funds fee if your payment by any method, including check, electronic 
transfer, home banking transaction or otherwise, is not honored, collected by us, or if we must return it to you because it cannot be 
processed for any reason.  This fee may be added to your account balance, or collected from you on demand.   

Returns and Adjustments 
Merchants and others who honor your Card may give credit for returns or adjustments, and they will do so by sending the Credit Union a 
credit slip, which will be posted to your Account.  If your credits and payments exceed what you owe the Credit Union, the amount will be 
applied  against  future  purchases.    If  the  credit  balance  amount  is  $1.00  or  more,  it  will  be  refunded  upon  your  written  request  or 
automatically after 90 days. 

Skip Payment Option  
At our option, we may offer you the opportunity to not make ("skip") a minimum payment during certain designated billing cycles ("skip 
payment period").  If you do not make your minimum payments as provided in this Agreement during such designated billing cycles, you 
understand that we will continue to apply finance charges to your account. Beginning with the billing cycle following an allowed skip 
payment period, all other provisions of this Agreement will apply.  We have no obligation to accept your application for any skip payment 
period offered, and you authorize us to investigate your creditworthiness including obtaining consumer credit reports. We may charge you 
an application processing fee for each credit card skip payment period that we may offer. 

Transactions in Foreign Currency 
If you incur a charge in a foreign currency, the charge will be converted into a U.S. dollar amount in accordance with the operating 
regulations of Visa International in effect at the time that the transaction is processed.  Currently, those Regulations provide that the 
currency conversion rate to be used is either:  (a) a wholesale market rate; or (b) a government-mandated rate in effect one day prior to the 
processing  date,  increased  by  one  percent  in  each  case.    Visa  retains  this  one  percent  as  compensation  for  performing  the  currency 
conversion service.  The currency conversion rate in effect on the processing date may differ from the rate in effect on the transaction date 
or the posting date. 

Updating and Disclosing Financial Information 
We may report your performance under this Agreement to credit reporting agencies and secure follow-up credit reports on you for any 
legitimate business reason, including if you fail to make your minimum payments on time.  We can reinvestigate and reevaluate any 
information you provide on your Visa application at any time, and in the course of doing so, we may ask you to provide additional 
information, request consumer credit reports and/or otherwise verify your current credit standing. 

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Your Responsibility and Liability for Unauthorized Use and Lost or Stolen Credit Cards  
If your Credit Card(s) are lost or stolen, or if you are afraid someone used or may use them without your permission, you must notify the 
Credit Union at once by calling (800) 449-7728, or providing written notice to: Credit Card Security Department, P.O. Box 31281,  Tampa 
FL 33631-3281.  If notice is given orally, you will promptly confirm it in writing.  The Credit Union may require you to provide us certain 
information in writing to help us investigate any unauthorized use.  Further, you agree to cooperate and assist us or any government or law 
enforcement agent or agency in investigating, collecting or pursuing any other rights (civil and criminal) relating to any unauthorized use.  
In this regard, you agree to file an appropriate police report when asked to do so.  Do not use the Credit Card(s) after you have notified the 
Credit Union, even if you find them or have them returned to you.  You are liable for all transactions that you authorize.   

No Liability: You will have no liability for unauthorized use of your Card or other Access Devices for non-ATM transactions made over the 
VISA Network if the following conditions are met: (1) You have not been grossly negligent; and (2) You have not committed, participated 
in or conspired to commit any fraudulent act or scheme involving the use of your VISA credit card account.    
Limited Liability:  For transactions on other networks or ATM transactions, you may be liable for unauthorized transactions using your 
Card or other Access Devices that occur before we are notified.  However, your liability for unauthorized use on networks other than VISA 
will not exceed $50.00.  In any case, you will not be liable for any unauthorized use after notifying us of the loss, theft or unauthorized use 
of your Card(s) or other Access Devices. 

Additional Terms of VISA Agreement  
To  the  extent  not  prohibited  by  applicable  law,  the  terms,  interpretation  and  enforcement  of  any  claim or dispute arising under this 
Agreement, as well as all parties,  rights and duties, will be governed by Michigan law regardless of where you may reside or use your 
account.  Further, this Agreement is the contract which governs all transactions on your Account even though sales, credit or other slips may 
contain different terms.  You may not transfer or assign your account or Card to any other person. The Credit Union may assign or transfer 
this Account, your Account balance, or this Agreement to another person, who will have all of our rights hereunder.  This Agreement is 
binding on your heirs and legal representatives.  If there are joint obligors or authorized users for this credit plan, each of you will have the 
right to use the Account to obtain loans pursuant to the terms hereof.  Each of you will be liable for all obligations owing on the Account 
whether borrowed by you or otherwise and whether within or beyond the credit limit.  Your liability will be joint and several.  Either party 
has the right to cancel this Agreement.  Further each of you is responsible for all amounts borrowed by any authorized user(s).  Authorized 
users and other users may also be required to repay the amount owed for charges they make; however, you remain, at all times, primarily 
responsible for all amounts owed. All Cards, billing statements and notices will be mailed or delivered to the address we have on file for 
you or the address provided by the United States Postal Service.  If any law or judicial ruling makes any part, provision, sentence or 
section of this Agreement unenforceable, the remainder will continue in full force and effect.  You agree that your account will also be 
subject to all rules and regulations of VISA U.S.A., Inc., as applicable.  If there is any conflict between this Agreement and the rules and 
regulations of VISA U.S.A., Inc., the rules and regulations of VISA U.S.A., Inc. will control. 

Limitation of Lawsuits.  You agree that any lawsuit based on a cause of action against us must be filed within one year from the 
date it arises, or you shall be barred from filing any lawsuit.  This limitation includes, tort, contract and all other causes of action 
for which you and we may lawfully contract to limit. 

Additional Benefits/Card Enhancements 
The Credit Union may from time to time offer additional services to your Account, such as travel accident insurance, purchase rewards or 
rebates at no additional cost to you.  You understand that the Credit Union is not obligated to continue or to offer such services and may 
withdraw or change them at any time. 

YOUR BILLING RIGHTS 
KEEP THIS NOTICE FOR FUTURE USE 

This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act. 

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL 

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 LAFCU, P. 
O. Box 26188, Lansing, MI 48909.  Write to us as soon as possible.  We must hear from you no later than 60 days after we sent you the first 
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: 

a.  Your name and account number 
b.  The dollar amount of the suspected error 
c.  Describe the error and explain, if you can, why you believe there is an error. 

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If you need more information, describe the item you are not sure about. 

If you have authorized us to pay your credit card bill automatically from your savings or checking 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 AFTER 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. 

After 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 finance 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. 

If we find that we made a mistake on your bill, you will not have to pay any finance charges related to the questioned amount.  If we didn't 
make a mistake, you may have to pay finance 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 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 us within 25 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 reported you to.  We must tell anyone we report you to that the matter has been settled between us when it finally is. 

If we don't follow these rules, we cannot collect the first $50 of the questioned amount, even if your bill was correct. 

SPECIAL RULES FOR CREDIT CARD PURCHASES 

If you have a problem with the quality of property or services that you purchase 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.  There 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; 

b.  The purchase price must have been more than $50.00. 

These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the property or services.  
Further, the Credit Union has no liability for any tort or related claims arising from such purchases. 

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