MARINE FCU CREDIT CARD AGREEMENT AND DISCLOSURES 

THIS IS YOUR AGREEMENT AND DISCLOSURE STATEMENT WITH MARINE FEDERAL CREDIT UNION. 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. 

1. Definitions. In this Agreement, the word “Card” means either one or more Visa or MasterCard 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(s); as well as any authorized user for whom an additional Card(s) is issued to the 
extent of their purchases and cash advances, as well as transactions by anyone they permit to use the Card(s). The word “card-
holder” means any applicant or co-applicant to whom a Card is issued by us. The words “Credit Union,” “we,” “us,” and “our” 
means Marine Federal Credit Union or anyone to whom the Credit Union transfers this Agreement. The words “Convenience 
Checks” mean one or more checks that we may send to you to access your Credit Card Account. “Applicable Law” shall include: 
“(i) Visa U.S.A. Inc. Bylaws, Visa U.S.A. Inc. Operating Regulations, Visa U.S.A. Inc. Certificate of Incorporation, Visa International 
Bylaws, and Visa International Operating Regulations; MasterCard and (ii) any and all laws, treaties, rules, regulations, or regula-
tory guidance of the government of the United States, any state thereof, or of any applicable foreign government or state thereof, 
as the same may be amended and in effect from time to time. 

2. Pledge of Shares and Security Interest. 

BY  SIGNING  AN  APPLICATION,  ACCEPTANCE  OR  AUTHORIZED  USE  OF  ANY  CREDIT  CARDS,  YOU  GRANT  AND 
PLEDGE  A  CONSENSUAL  LIEN  TO  US  ON  ALL  SHARES  TO  SECURE  PAYMENT  OF  YOUR  OBLIGATIONS  ON THIS 
ACCOUNT. IN ADDITION, YOU ACKNOWLEDGE OUR STATUTORY LIEN RIGHTS UNDER THE FEDERAL CREDIT UN-
ION ACT; YOU AGREE THAT SUCH A LIEN IS IMPRESSED AS OF THE DATE THAT THIS ACCOUNT IS OPENED; AND 
YOU  AGREE  THAT WE  CAN  APPLY  THE  SHARES  PLEDGED  AT  THE  TIME  OF  ANY  DEFAULT  ON  THIS  ACCOUNT 
WITHOUT  FURTHER  NOTICE.  “Shares”  for  the  purpose  of  your  pledge  to  secure  your  obligations  to  the  Credit  Union 
means  all  deposits  in  any  share  savings,  share  draft,  club,  certificate,  payable  on  death,  revocable  trust,  or  custodial  ac-
count(s), whether jointly or individually held--regardless of contributions that you have on deposit now or in the future. Your 
pledge  does  not  include  any  I.R.A.,  Keogh,  tax  escrow,  irrevocable  trust,  or  fiduciary  account  in  which  you  do  not  have  a 
vested ownership interest. 

SECURITY AGREEMENT: “Non-Purchase-Money Security Interests” 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. “Purchase-Money Security Interests” You hereby grant the Credit Union securi-
ty interest in all property purchased/acquired by you or any authorized user pursuant to the use of this Account, including a 
purchase-money security interest in any household goods purchased/acquired with an extension of credit upon this Account. 
These Purchase-Money 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. 

Military Lending Act Partial Exception: If you or your dependents are expressly covered and entitled to the protections provided 
by the Military Lending Act then NO PLEDGE OF SHARES OR LIEN ON SHARES APPLIES EXCEPT FOR A SHARED SECURED 
CREDIT CARD FOR WHICH YOU EXECUTE A SEPARATE SECURITY AGREEMENT. Any provisions of the Agreement (below) that 
address the items expressly excepted in any section to the contrary also do not apply to such Loans. 

3. How to Use this Account. You must sign the Card in order to use it. You can purchase or lease goods and services (Purchas-
es) from any merchant who honors your Card up to your maximum credit limit by presenting your Card and signing a sales slip or 
writing a Convenience Check for the amount of the Purchase. You may also use the Card to obtain cash loans (Cash Advances) 
up to your maximum credit limit from financial institutions that accept the credit card, and by use of preprinted Convenience 
Checks that the Credit Union may issue to you. You agree not to present your Card, obtain a Cash Advance or write a Conven-
ience Check for any extension of credit in excess of your available Credit Limit (the difference between your outstanding balance 
and your maximum credit limit) on your account. Certain purchases and cash advances 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 due to alerts 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 or Cash Advance you make by internet, telephone, 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. 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 1 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
 
 
 
4. ATM Access. If you have received a personal identification number (PIN), you may use your Card and PIN to obtain cash ad-
vances at any Automatic Teller Machine (ATM) that accepts your Card. Your PIN is confidential and should not be disclosed to 
anyone. You agree not to write your PIN on your Card, you will not keep your Card and PIN together, and you will not provide your 
PIN to anyone who is not an authorized user. Except as otherwise provided in this agreement, advances through ATM access will 
be treated as Cash Advances and are subject to cash advance fees under this Agreement. Advances at authorized ATMs are lim-
ited to a total of $500.00 during any 24-hour period. Owners of ATMs that we do not own may charge fees in addition to any fees 
disclosed in this Agreement. This is not a fee charged by Marine Federal Credit Union; however, any such fee will be added to 
your account. The party charging the fee is required to provide appropriate disclosures to you with regard to any such fees. 

5. Money Transfer Services (MTS). You will have access to MTS upon your successful enrollment in the Money Transfer Ser-
vices Program. You may use your Card to transfer funds to, or receive funds from, any Card that has been enrolled in MTS by 
another Participant. The minimum Transmittal Amount is $1.00 and the maximum Transmittal Amount is $2,500.00. You may not 
transfer more than $2,500.00 per day or more than $10,000.00 per month. In addition you may not receive more than $2,500.00 
per day or $10,000.00 per month. We may increase or decrease these limits from time to time in our sole discretion. We reserve 
the right to accept or reject any MTS request in our sole discretion. Only you may access MTS and initiate a request using your 
Card. You may only have one Card enrolled in MTS at any one time. Subject to these Terms and Conditions, and following suc-
cessful transmission of your request to the Issuer, the Issuer will transfer funds to the designated Recipient’s Card pursuant to 
such request and debit the transmittal amount and any applicable fees from your card balance. You acknowledge and agree that 
any fees that may be charged in connection with any request you submit, even one that is later voided, are fully-earned and non-
refundable. Each transmittal amount you send pursuant to a request will be posted to the Recipient’s Card in accordance with the 
posting rules established by the financial institution that has issued such Card. Each transmittal amount that is sent to your Card 
will generally be posted to your Card within two (2) Business Days after we receive the Transmittal Amount from the Sender. Any 
charges that you may incur in accessing MTS, including, without limitation, any mobile phone airtime charges or internet connec-
tion charges, shall be your sole responsibility. Any offer to enroll or participate in MTS is void where prohibited by Applicable Law. 

If you receive any transmittal amount from any MTS provider you agree not to receive more than $2,500.00 per day or no more 
than $10,000.00 per month. We may increase or decrease these limits from time to time in our sole discretion. We reserve the 
right to accept or reject any MTS request in our sole discretion. Each transmittal amount that is sent to your Card will generally be 
posted to your Card within two (2) Business Days after we receive the Transmittal Amount from the Sender. 

6. Maximum Credit Limit. Your Maximum Credit Limit will appear on the insert in which you receive your Card and on your 
monthly statement. At our discretion, we may change your credit limit at any time, and may provide separate limits for purchases 
and for cash advances. You may request a change to your credit limit by contacting the Credit Union in person, by telephone, 
email or mail. 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 Credit Union in writing.  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 balance upon demand. You agree we are not obligated to extend to you credit 
for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your out-
standing balance already exceeds your Maximum Credit Limit. Any increase in your Maximum Credit Limit requested by you will 
require you to make an application for our approval. In assessing your credit limit under the provisions in this Section (either at our 
discretion or upon request): (a) we may and you authorize us to review your credit history, including consumer credit reports; (b) 
you authorize us to have this review made by third parties to determine whether you meet the criteria we have set for such an in-
crease; and (c) this process shall not be pre-screening under the Fair Credit Reporting Act or other applicable laws or regulations 
based on our existing relationship and this Agreement. 

If your credits and payments exceed what you owe on your credit card, the amount will be applied against future purchases and 
cash advances. If the credit balance amount is $1 or more, it will be refunded upon your written request or after six months.  

Limits for ATM and Over-the-Counter Cash Advances can be determined by contacting the Credit Union’s Credit Card Department 
as set forth at the end of this Agreement. 

7. General Terms Governing Your Payments: You will be jointly and severally liable and agree to pay the Credit Union for all 
charges (purchases, cash advances, 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(s). 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. 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 Unit-
ed States, then your payment will not be credited until the funds have been collected by us in U.S. dollars. The Credit Union will 
determine the method of applying payments and credits to your account, which will in all respect comply with any specific re-
quirements of applicable laws. 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 2 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
 
If the Credit Union receives a payment by mail by 5:00 PM ET, you will receive credit that day; a payment received after 5:00 PM, 
ET, will be applied to the next business day. If a payment due date falls on a holiday or weekend, the payment will not be consid-
ered late if received the following business day. 

To protect you and us, the Credit Union, in its sole discretion, may place a temporary freeze on all or part of the credit available to 
you for new purchases or cash advances under this agreement any time the Credit Union receives a large payment $2000.00 or 
more. In such cases, the Credit Union may freeze your credit line until payment is actually collected by us. 

Maximum Fees During The First Year. During the first year after the credit card is opened, the total fees charged to your credit 
card will not exceed 25.00% of the credit limit in effect when the account is opened. This limit does not apply to late payment fees, 
over-limit fees or returned payment fees or other fees the consumer is not required to pay with respect to the account such as an 
expedited payment for making a payment by phone. However, the limit does apply to cash advance fees, balance transfer fees and 
foreign transaction fees. 

8. Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If 
you do not pay your balance in full, you agree to pay at least a minimum payment of 2.00% of your New Balance (rounded to the 
nearest whole dollar) or $35.00, whichever is greater at the end of each statement period. If the New Balance shown on your peri-
odic statement is $35.00 or less, you agree to pay this amount. Generally payments above the Minimum Payment will be applied 
first to higher interest rate balances and then to lower interest rate balances. Unless the Credit Union takes other action as a result 
of a default under this Agreement, 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. Payments and credits will be applied first to pay billed but unpaid finance 
charges; late charges, and other fees or charges provided for herein; and next to unpaid cash advances; and then to your unpaid 
purchase 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. The sooner you pay your new balance, the less you will have to pay in finance charges. The "Payment Due 
Date" will be shown on your periodic statement. 

9. 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 and cash advances. If the credit balance amount is 
$1.00 or more, it will be refunded upon your written request or automatically after six months. 

10. Additional Charges for Transactions in a Foreign Currency and “Cross-Border” Transactions. 
Currency Conversion Fee. If you effect or authorize a transaction with your access device in a currency other than US Dollars, 
VISA/MasterCard will convert the charge into a US Dollar amount. The VISA/MasterCard currency conversion procedure includes 
use of either a government mandated exchange rate, or a wholesale exchange rate selected by VISA /MasterCard as applicable. 
The exchange rate VISA/MasterCard uses will be a rate in effect on the day the transaction is processed. This rate may differ from 
the rate in effect on the date of the purchase or the date the transaction was posted to your account. A Currency Conversion Fee 
of up to 2.80% will be applied to transactions that are converted from foreign currencies to U.S. dollars. Cross-Border Transaction 
Fee: In addition, VISA/MasterCard charges us a Cross-Border Assessment up to 2.00% on each transaction on all cross border 
transactions regardless of whether there is a currency conversion. For purposes of this Section, “cross-border transaction” shall 
include both (a) transactions initiated in a foreign country which are subsequently settled in the United States, and (b) transactions 
initiated in the United States but which are ultimately settled in a country outside of the United States. The Credit Union will assess 
these fees to you to reimburse it for the fee it is required to pay for each of your transactions subject to these terms. The Cross-
Border transaction fee will be shown separately on your periodic billing statement. The Currency Conversion Fee, if it applies to the 
transaction, will be included in the transaction amount posted on your statement. 

11. Finance Charges. WILL BE IMPOSED IN THE FOLLOWING MANNER AND WILL BE IN AMOUNTS NOT IN EXCESS OF 
THOSE PERMITTED BY LAW: 

(a) Purchases: (1) No finance charge will be imposed during the next billing cycle (defined as the time interval between regular 

monthly billing statement dates) if you pay the entire new balance shown on the current periodic statement and we receive your 
payment on or before the payment due date shown on the statement. (2) In all other cases, a finance charge will be imposed 
based on the average daily balance of all purchases and debit adjustments, hereafter referred to as purchases. The average daily 
balance is the sum of all outstanding purchases, which is determined by including new purchases and deducting payments or 
credits and excluding any unpaid finance charge for your Account on each day of the billing cycle divided by the number of days in 
the billing cycle. A purchase appearing on the periodic statement is considered a part of the outstanding balance from the date of 
posting. (3) The amount of the finance charge is calculated by multiplying the average daily balance for purchases by the monthly 
periodic rate. The monthly periodic rate is the yearly interest rate divided by 12. 

(b) Cash Advances: (1) Finance charges accrue on all cash advance amounts from the date charged to your Account and con-

tinue so long as such amounts remain outstanding. (2) A finance charge will be imposed on the average daily balance of cash 
advances, which is the sum of the cash advances (determined by including new cash advances and deducting any payments or 
credits and excluding any unpaid finance charge) outstanding each day during the billing cycle, divided by the number of days in 
the billing cycle. A cash advance appearing on the periodic statement is considered a part of the outstanding balance from the 
date of posting. (3) The amount of finance charge is calculated by multiplying the average daily balance for cash advances by the 
monthly cash advance periodic rate. 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 3 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
12. Finance Charges on Account. You agree to pay the FINANCE CHARGE on your account. A FINANCE CHARGE computed 
on a daily periodic rate (DPR) will begin to accrue for new Purchases, if you do not pay the New Balance in full within 25 days af-
ter the billing date of the statement on which the new Purchases first appear. A FINANCE CHARGE computed on a DPR will 
begin to accrue on the transaction date of Cash Advance(s) or 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: 

a. The FINANCE CHARGE will be figured by applying the daily periodic rate of your Account to the average daily balance of 
purchases and cash advances. The DPR and ANNUAL PERCENTAGE RATE (APR) to be used is determined by the account 
applied for or approved by us pursuant to the terms of your application. 

b. To get the total average daily balance on your Account, we take the beginning balance of your Account each day, add any new 

purchases and cash advances, unpaid finance charges, current late payment fees, and other fees, and subtract any payments or 
credits. This is your daily balance. Then we add 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. 

Non-Variable Rate Option. The Credit Union, in its sole discretion, may change the DPR and APR from time to time in compliance 
with any specifically applicable laws and/or regulations. Any change in the Finance Charge shall apply only to new purchases and 
cash advances. If the current effective rates are different, they are disclosed on an enclosed/attached insert. 

Variable Rate Formula/Annual Percentage Rate Options. Your Annual Percentage Rate for Purchase and Balance Transfers 
may vary (except during any introductory period). Credit Union may adjust the rate once each month at the start of your monthly 
billing period. The formula for calculating a change in this interest rate is as follows: we will add a margin to the Prime Rate as listed 
in the Wall Street Journal on the last publication date of the calendar month that ends within the billing cycle. The margin will de-
pend on your creditworthiness. Any increase in the APR will result in an increase in the periodic payments required. 

13. “Promotional Rate” Finance Charges. 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), balance transfers, cash advances, or purchases made by us-
ing Convenience Checks. Applicable terms and conditions will be disclosed at the time any such promotion is offered, and are in-
corporated into this Agreement by reference. The promotional rate will apply only to the transactions and for the period of time set 
forth in any such offer from us. 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. 

14. Interest Rate Adjustment (Default Rate). The Credit Union will adjust the interest rate on your account whenever your ac-
count is 60 days past due. We will change your interest rate to a non-variable ANNUAL PERCENTAGE RATE of 18.00% on the 
first day of the billing cycle following the cycle that was 60 days past due. After six (6) consecutive billing cycles of your account be-
ing paid pursuant to the terms of your agreements with the Credit Union, we will change the interest rate to the rate prior to the de-
fault rate, which will become effective on the first day of the billing cycle following the sixth (6th) consecutive billing cycles paid as 
agreed. If you fail to pay your Account pursuant to the terms of your agreement at any time during the next six (6) billing cycles after 
your account has had an interest rate adjustment due to default your account will remain at the Default Rate of 18% until such time 
as six (6) consecutive payments have been paid as agreed and your account has been reviewed to determine if the rate should be 
reduced based on your payment history. 

15. Monthly Statement. We will send you a monthly billing statement whenever there is activity on your account. Your monthly 
statement will show an itemized list of current charges (Purchases and Cash Advances) and Convenience Check transactions to 
your account, your new balance, any Finance Charges, the minimum payment due, and the payment due date. In addition, it will 
show your current credit limit, payments, and credits, a summary showing your Purchases and Cash Advances, the merchant, 
electronic terminal or financial institution at which transactions were made, as well as other information concerning your account. 
Sales, Cash Advance, credit, or other slips cannot be returned with any statement. You should retain a copy of such slip furnished 
at the time of the transaction in order to verify your monthly statement. E-Statements: If provided electronically, statements will be 
(1) e-mailed to you as an attachment; or (2) you will be sent a notice via e-mail that will direct you to a site we maintain or cause to 
be maintained where you may access, review, print, and otherwise copy/download your periodic statements using procedures that 
we authorize. E-mails from us will be sent to the e-mail address provided by any owner. 

16. 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. If these benefits are with-
drawn prior to any accrued use by you, the Credit Union will have no obligation to provide the benefit or enhancement, or any oth-
er compensation or consideration. 

17. Merchant Disputes. The Credit Union is not responsible for the refusal of any merchant or financial institution to honor your 
Card except as listed in the Special Rules for Credit Card Purchases set forth at the end of this Agreement. 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 4 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
 
 
 
18. Exceeding Your Credit Limit. You will be in default if the balance of your account exceeds the credit limit. If you are in de-
fault, the credit union may temporarily suspend your credit card or terminate your account. If at any time your total new balance 
exceeds your credit limit, you must immediately pay the excess upon the Credit Union’s demand. 

19. Late Payment Fee. The Credit Union will charge your account a late payment fee for each billing period in which your mini-
mum payment is not received by your payment due date. The fee will increase if there are any additional late payments made 
within the next 6 monthly payment cycles following the last late payment. This fee will be added to your account balance. For cur-
rent fee information, refer to the enclosed/attached insert as is applicable to your Account.  

20. Returned Payment or Insufficient Funds Fee. The Credit Union will charge your account a 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 will be added to your account balance. For fee infor-
mation, refer to the enclosed/attached insert as is applicable to your Account.  

21. Charge for Copies, Research and Card Replacement. If you ask for a copy of any document, such as a sales slip or Con-
venience Check, a charge per hour may be imposed for the time it takes to research and locate the document and 
a charge per copy will apply. In addition, a billing statement copying fee will be imposed per copy. However, no charge will be im-
posed in connection with any actual or asserted billing error. We may charge a fee to replace a lost card. For fee information, refer 
to the enclosed/attached insert as is applicable to your Account.  

22. Card Recovery Fee. A card recovery fee may be charged if you use the card(s) after we mail you notice of termination of this 
Agreement. For fee information, refer to the enclosed/attached insert as is applicable to your Account.  

23. Fees for Money Transfer Services (MTS). Until we post an amendment to, we will not charge you any fees for the MTS. 
Once we begin charging fees we will normally deduct fees and charges automatically from your Card balance at the time a fee or 
charge is incurred for MTS sent or received. 

24. Your Responsibility and Liability for Unauthorized Use and Lost or Stolen Cards or Convenience Checks. If your Card 
or Convenience Checks 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 800.225.3967. 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 oth-
er 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 Card or the Convenience Checks 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, 
Convenience Checks or other Access Devices for non-ATM transactions made over the VISA /MasterCard 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 com-
mit any fraudulent act or scheme involving the use of your VISA/MasterCard credit card account. Limited Liability: For transactions 
on other networks or ATM transactions, you may be liable for unauthorized transactions using your Card, Convenience Checks or 
other Access Devices that occur before we are notified. However, your liability for unauthorized use on networks other than VI-
SA/MasterCard 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, Convenience Checks or other Access Devices. 

25. Our Liability for Failure to Complete Transactions. If we do not complete a transaction pursuant to any request, and/ or in 
the correct amount, we may be liable for your losses or damages. However, there are some exceptions. We will not be liable, for 
instance: 

• 
• 

• 
• 
• 
• 
• 

if through no fault of ours, you do not have adequate funds available on your Card to complete the transfer; 
if circumstances beyond our control (such as fire, flood, terrorist attack, national emergency, or computer or communication 
failure) prevent the completion of the transaction, despite reasonable precautions we have taken; 
if access to your Card has been blocked after you reported your Card lost or stolen; 
if there is a hold on your Card for any reason; 
if your funds are subject to legal process or other encumbrance restricting their use; 
if your transfer authorization terminates by operation of law; 
if a computer system or mobile device was not working properly and you knew about the problem when you initiated the 
transaction; 
if we have reason to believe that the requested transaction is not authorized; or 

• 
•  as otherwise provided in this Agreement. 

26. 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  

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 5 of 8 
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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) if 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 oppor-
tunity 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. We shall 
also have the right to close your account and terminate access privileges where your account is inactive for such periods of time 
as we may from time-to-time determine to be appropriate for protecting both our and your interests. 

27. 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 20.00% 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. 

28. 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 Credit Card Application at any time, 
and in the course of doing so, we may ask you to provide additional information, request credit bureau reports, and/or otherwise 
verify your current credit standing. 

29. Change of Name, Address, or Employment. You will notify the Credit Union immediately in writing if your name, home ad-
dress, or employment changes. 

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 and cash advances, account balances, account history, pay-
ments, and other information relating to or arising with regard to this account or any transaction. 

30. Correcting the Credit Union's Credit Report. If you think the Credit Union reported erroneous information about you to a 
credit reporting agency, call the Credit Union at the telephone 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 disa-
grees with you after the investigation, the Credit Union will advise you, in writing or by phone, 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 phone number of each such agency, along with other pertinent information. 

31. Closing Your Account. Any individual cardholder without the consent of other cardholders may close your Account at any time 
by notifying us in writing as indicated in this Agreement. Credit Union may close your account or suspend your Card privileges or 
Convenience Checks at any time without prior notice. Credit Union may also reissue a different Card or different checks at any 
time. You must return the Card or the Convenience Checks to the Credit Union upon request. You agree that the Card and all 
Convenience Checks remain the property of 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 suspend-
ed, 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 or any part of the services provided pursuant to this 
Agreement and to demand the return of all cards, access checks and other access devices if the Credit Union, in its sole discre-
tion, 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. 

32. Change This Agreement. The Credit Union may change the terms of this Agreement, including the Annual Percentage Rate, 
at any time. Except where limited by applicable law, the new terms, including, but not limited to, increasing the finance charge or 
the way the Credit Union calculates finance charges, late charges, and the minimum payment due, will apply both to new purchas-
es and cash advances as of the day of the change. In accordance with applicable law, the Credit Union will notify you of any in-
creased charge for fixed rate cards by writing to you at the most recent address shown for you on the Credit Union’s records. 

33. Delay in Enforcement/Waivers. The Credit Union may delay or waive enforcement of any of the provisions of this Agree-
ment, 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 dis-
honor. 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 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 6 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
 
 
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 mer-
chant, the Credit Union's authorized agent, or other third party. 

34. Additional Terms of 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 North Carolina 
State law regardless where you may reside or use your account. Further, this Agreement is the contract which governs all transac-
tions on your Account even though sales, cash advances, 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. Anyone obligor’s elections, transactions and directions to the 
Credit Union shall be binding upon all obligors. Each of you will be liable for all obligations owing on the Account whether bor-
rowed 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 giv-
en on the application for either applicant unless you direct otherwise in writing. If any law or judicial ruling makes any part, provi-
sion, sentence or section of this Agreement unenforceable, the remainder will continue in full force and effect. 

35. Insurance. You may be offered insurance for your credit card. If you elect insurance, as set forth in your application, then the 
charges will be added to your Account balance on each billing cycle, if your insurance application is approved. Credit insurance is 
voluntary and not required to obtain a credit card account with us. You have a right to terminate this insurance at any time by noti-
fying us in writing. 

36. Compliance with Applicable Laws and Prohibition of Illegal Transactions. You warrant and agree that you will at all times 
comply with all Applicable Laws; and that your card and services are at all times subject to Applicable Laws. Further, you agree 
and warrant that your Credit Card, other access device or any related account will not be used 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 an event 
of default under this Agreement. Certain federal and/or state laws or Card 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 limitations may affect some otherwise proper or allowable transactions such as charges 
incurred at a hotel-casino. You understand and agree such limitations/prohibitions are not within the Credit Union’s control and 
that the Credit Union will not have any liability, 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 access devices. 

37. 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, dur-
ing 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 skip payment period that we may 
offer to cover our costs of investigating your qualifications for this extension including but not limited to the costs associated with 
researching your creditworthiness. 

38. VISA Platinum/MasterCard ScoreCard Bonus Points/Rewards Rules. We may offer Bonus Points and/or Cashback re-
wards (herein rewards) programs from time to time. You agree to the terms and conditions of the rewards programs as amended 
from time to time. To find information on current program offerings, visit www.scorecardrewards.com or call 800.854.0790. 

Your Billing Rights Statement 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 Statement/Billing At: 
Marine Federal Credit Union 
PO Box 1551 
Jacksonville NC 28541-1551 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 7 of 8 
Comm.Rev 03/17 

 
 
 
 
 
 
 
 
 
 
 
 
 
If you think your statement is wrong, or if you need more information about a transaction on your statement, you must write to 
us on a separate sheet of paper to the address listed in your periodic statement. You should write to us as soon as possible. 
We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You 
can telephone us, but doing so will not preserve your rights. In your letter, you should give us the following information: 

•  Your name and account number. 
•  The dollar amount of the suspected error. 
•  Description of the error and explanation, if you can, of why you believe there is an error. 
• 

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 pay-
ment on any amount you think is wrong. To stop the payment, your letter must reach us 3 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 
the bill that are not in question. If we find that we made a mistake on your statement, you will not have to pay the FINANCE 
CHARGES related to any questioned amount. If we didn’t make a mistake, you may have to pay FINANCES 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 us and the date that it is due. 

If you fail to pay the amount we think you owe us, we may report you as delinquent. However, if our explanation does not satis-
fy you and you write us within 10 days telling us that you still refuse to pay, we must tell anyone we report you to that you have 
a question about your statement. 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 you and us when it finally is. If we don’t follow these rules, we can’t collect the 
first $50.00 of the questioned amount, even if the statement was correct. 

Special Rule For Credit Card Purchases. If you have a problem with the quality of property or services that you purchased 
with a credit card and you have tried in good faith to correct the problem with the merchant, you may have the right not to pay 
the remaining amount due on the property or services. There are two limitations on this right: 

1. You must have made the purchases in your home state or, if not within your home state, within 100 miles of your current 

mailing address; and 

2. The purchase 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 ser-
vices. 

If you feel that you need Counseling or Debt Management services, please contact Consumer Credit Counseling Service toll 
free at 800.251.2227 or visit them on the web at www.cccsinc.org. You may also visit www.frbatlanta.org for a list of Counseling 
and Debt Management Services 

Contact Information: 
Credit Card Dept. 
Marine FCU 
PO Box 1551 
Jacksonville NC 28541-1551 
910.577.7333 or 800.225.3967 

To Report a Lost or Stolen Credit 
Card or Other Access Device after 
Hours: 
Call: 800.325.3678 

To Close the Account (SEND WRITTEN NOTICE): 
Credit Card Dept. 
Marine FCU 
PO Box 1551 
Jacksonville NC 28541-1551 

Copyright© 1994-2010 by Credit Union Resources and Educational 
Services, LLC (“CURES, LLC”). All rights reserved. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

Page 8 of 8 
Comm.Rev 03/17