Visa Gold Disclosures  

Annual Percentage Rate 

See Current Rate Sheet 

Variable Rate Information 

Grace Period for 
repayment of balances for 
purchases 
Method of computing the 
balance for purchases 

Annual Fee 

Transaction fee for cash 
advances 

Your annual percentage 
rate (APR) may vary. The 
APR is determined by 
adding 3.0% to the “Prime 
Rate” as published in The 
Wall Street Journal, 
adjusted monthly 
25 Days 

Average Daily Balance 
(including new purchases) 

None 

None 

Late Payment Fee 

$10.00 

Information about the card costs described in this application is 
accurate as of December 2010, and may have changed after that 
date. To find out any changes, write Educators Credit Union, 1400 N. 
Newman Rd., Racine, WI 53406; call (262) 886-5900, (414) 325-2500, 
or (800) 236-5898; or email us at ecu@ecu.com. The minimum 
monthly payment is $20 per month or 2% of the outstanding 
balance, whichever is greater. 

 
 
 
Educators Credit Union: VISA/MasterCard Cardholder 
Agreement  

In the Agreement the words You, Your, and Cardholder mean 
each of all of those who apply for the card or who sign the Card, 
Agreement or Visa/MasterCard Acceptance Certificate. Card 
means the Visa/MasterCard Credit Card and any duplicates and 
renewals we issue. Account means your Visa/MasterCard Credit 
Card Line of Credit account with us. We, Us and Ours mean 
Educators Credit Union. 
1. RESPONSIBILITY. If we issue you a card, you agree to repay all 
debts and the finance charge arising from the use of the card and 
the card account. For example, you are responsible for charges 
made by yourself, your spouse, and minor children. You may add 
up to 3 additional card holders to your account for no extra 
charge. You are also responsible for charges made by anyone 
else to whom you give the card, and this responsibility continues 
until the card is recovered. You cannot disclaim responsibility by 
notifying us, but we will close the account for new transactions if 
you so request and return all cards. Your obligation to pay the 
account balance continues even though an agreement, divorce 
decree or other court judgment to which we are not a party may 
direct you or one of the other persons responsible to pay the 
account. Any person using the card is jointly responsible with you 
for the charges he or she makes and becomes a party to the 
Agreement and is also jointly responsible for all charges on the 
account, including yours. 
2. LOSS OR THEFT OF CARD. You promise to notify us 
immediately upon discovering that your CARD has been lost or 
stolen. Phone us at (262) 886-5900. If you can't get an answer at 
our phone number, you can call (800) 991-4965. It is your 
responsibility to notify ECU if your card is lost or stolen first by 
calling and secondly by following up with a written notice. The 
notice should be mailed to: Educators Credit Union - PO Box 
081040, Racine, WI 53408.  In the event that: (a) Your card is 
stolen and written notification has been made to us, along with a 
copy of the police report, we will process a replacement card 
request. There is no charge for a replacement card under these 
conditions. (b) Your card is lost and written notification has been 
made to us, we will process a replacement request. There will be 
a $5.00 fee for each replacement card. This fee will be assessed 
as a one-time debit to your ECU savings or checking account. 
3. LIABILITY FOR UNAUTHORIZED USE. You understand that your 
total liability to the Credit Union shall not exceed $ $50.00 for 
any Card transactions resulting from the loss, theft or other 
unauthorized use of the card that occurs prior to the time you 
give notice to the credit union. Such liability does not apply when 
the card is used to make an electronic fund transfer. 
4. CREDIT LINE. If we approve your application, we will establish 
a self-replenishing Line of Credit for you and notify you of its 
amount when we issue the card. You agree not to let the account 
balance exceed this approved Credit Line. Purchases that will 

cause you to exceed your approved Credit Line will be denied.  
Each payment you make on the account will restore your credit 
line by the amount of the payment which is applied to the 
principal. You may request an increase in your credit line only by 
written application to us, which must be approved by our credit 
committee or loan officer. By giving you written notice our credit 
committee may reduce your credit line from time to time, or 
with good cause, revoke your card and terminate this agreement. 
Good cause includes your failure to comply with this agreement, 
or our adverse reevaluation of your credit-worthiness. You may 
also terminate this agreement at any time, but termination by 
either of us does not affect your obligation to pay the account 
balance. The cards remain our property and you must recover 
and surrender to us all cards upon our request and upon 
termination of this Agreement. 
5. CREDIT INFORMATION. You authorize us to investigate your 
credit standing when opening, renewing, or reviewing your 
account, and you authorize us to disclose information regarding 
your account to credit bureaus and other creditors who inquire 
of us about your credit standing, to the extent authorized in our 
by-laws. 
6. MONTHLY PAYMENT. We will mail you a statement every 
month showing your previous balance of purchases and cash 
advances, the current transactions on your account, the 
remaining credit under your credit line, the new balances of 
purchases and cash advances, the total new balance, the finance 
charge due to date, and other billed fees, and the minimum 
payment required. Every month you must pay at least the 
minimum payment by the payment due date listed on your 
statement. You may, of course pay more frequently, pay more 
than the minimum payment, or pay the total new balance in full, 
and you will reduce the finance charge by doing so. The 
minimum payment will be either (a) 2% of your total new 
balance, or (b)$20.00 whichever is greater, or your total new 
balance if it is less than $20.00 or (c) any portion of the Minimum 
payment(s) shown on prior statements which remains unpaid. In 
addition, at any time your total new balance exceeds your credit 
line, you must immediately pay the excess upon our demand. 
7. FINANCE CHARGES. You can avoid finance charges on 
purchases by paying the full amount of the new balance each 
month by the due date on your statement. Otherwise, the new 
balance of purchases and subsequent purchases from the date 
they are posted to your account will be subject to finance charge. 
Cash advances are always subject to finance charge from the 
date they are posted to your account. Finance charge is 
calculated at the monthly periodic rate and applied to the 
average daily principal balance of purchases and cash advances 
in the account. The principal portion of your previous balance is 
increased or decreased by purchases and cash advances you 
make and debit adjustments we make during the statement 
period. The daily principal balances are totaled, and divided by 
the number of days in the statement period. To produce 

 
separate average daily principal balances for purchases and cash 
advance to which the periodic rate is then applied. 
8. FEES. A late fee of $10.00 will be assessed to your account if 
you fail to make the required minimum monthly payment within 
10 days after the payment due date. This will continue each 
month until the account is no longer past due. 
9. OTHER CHARGES. 

Statement copy $5.00 

 
  Any other document copy $5.00 
  Replacement card $5.00 
  Returned check fee $30.00 

10. DEFAULT. You will be in default if you fail to make any 
minimum payment within 40 days after your monthly statement 
due date. You will also be in default if your ability to repay us is 
materially reduced by a change in your employment, an increase 
in your obligations, bankruptcy or insolvency proceeding 
involving you, your death, or your failure to abide by this 
agreement. If a default occurs under the terms above we reserve 
the right to off-set funds for any and all accounts by signers for 
this loan. We also have the right to demand immediate payment 
of your full account balance if you default, subject to our giving 
you any notice required by law. To the extent permitted by law, 
you will also be required to pay our collection expenses, 
including court cost and reasonable attorney's fees. 
11. SECURITY FOR THIS ACCOUNT. If you have other loans or 
credit extensions from Educators Credit Union or take out other 
loans or credit extensions with us in the future, collateral 
securing those loans or credit extensions will also secure your 
obligations under this agreement. However, unless you expressly 
agree otherwise, your household goods and dwelling will not 
secure your obligations under this agreement, even if Educators 
Credit Union has or later acquires a security interest in the 
household goods or a mortgage on the dwelling. You also grant 
us a purchase money security interest under the uniform 
commercial code in any goods you purchase through the 
account. If you default, we will have the right to recover any of 
the goods which have not been paid for. If you sign or have 
signed a Pledge of Shares which specifically pledges your 
shareholdings with us to secure this credit card account, your 
credit card account will be secured by your pledged share in the 
credit union. 
12. USING THE CARD. To make a purchase or cash advance, there 
are two alternative procedures to be followed. One is for you to 
present the card to a participating Visa/MasterCard plan 
merchant, to us or to another financial institution and sign the 
sales or cash advance draft which will be imprinted with your 
card. The other is to complete the transaction by using your 
personal identification number (PIN) in conjunction with the card 
in an automated teller machine or other type of electronic 
terminal that provides access to the VISA/MASTERCARD system. 
The monthly statement will identify the merchant, electronic 
terminal or financial institution at which transactions were made, 
but sales, cash advances, credit or other slips cannot be returned 

to you with the statement. You will retain the copy of such slips 
furnished at the time of transaction in order to certify the 
monthly statement. The credit union will assess a reasonable 
charge for photocopies of slips you request. 
13. REFUSAL TO HONOR CARD. We are not responsible if a 
particular Visa/MasterCard plan merchant or financial institution 
refuses your card. 
14. COPIES OF DOCUMENTATION. You will be charged $5.00 for 
each copy of a draft or sales slip that you request from us (unless 
the charge is an error). Duplicate copies of your monthly 
statement will result in a $5.00 charge for each copy. This fee will 
be handled as an adjustment and subject to finance charge. 
15. RETURNS AND ADJUSTMENTS. Merchants and others who 
honor the card may give credit for returns or adjustments, and 
they will do so by sending us a credit slip which we will post to 
your account. If your credits and payment exceed what your owe 
us, we will hold and apply this credit balance against future 
purchases, or refund it on your written request. 
16. FOREIGN TRANSACTIONS. Purchases and cash advances 
made in foreign currencies will be billed to you in U.S. Dollars. 
The conversion rate to dollars will be at (i) the wholesale market 
rate or (ii) the government mandated rate, whichever is 
applicable, in effect one day prior to the processing date. 17. 
CASH ADVANCES. If automated teller machines or other 
electronic devices are available where this agreement remains in 
effect, which make it possible for you to obtain a cash advance 
by use of your card in such a machine, we will furnish you with a 
secret personal identification number. Your use of that number, 
together with your card, in getting a cash advance from such a 
machine is agreed to constitute your signature for purposes of 
such cash advance. 
18. CANCELLATION. The cards are our property. You can cancel 
this agreement at any time by giving us written notice and 
returning the card to us. We can reduce your credit limit or 
cancel this agreement for good cause, including your breach of 
this agreement, our adverse re-determination of your 
creditworthiness, or change in employment status. Cancellation 
by you or us does not change your obligation to repay us what 
you then owe us under this credit card agreement. If we cancel, 
you promise to return the cards to us. We will notify you in 
writing if we cancel this agreement or reduce your limit. 
19. EFFECT OF AGREEMENT. This agreement is the contract 
which applies to all transactions on your account even though 
the sales, cash advance, credit or other slips you sign may 
contain different terms. We may amend this agreement from 
time to time by sending you the advance written notice required 
by law. Your use of the card thereafter will indicate your 
agreement to the amendments. To the extent the law permits, 
and we indicate in our notice, amendments will apply to your 
existing account balances as well as to future transactions. 
20. OPTIONAL CREDIT INSURANCE. You understand that the 
purchase of Temporary disability and/ or Credit Life Insurance 
(single or joint) is voluntary and not required in order to obtain 

credit. You also reserve the right to terminate this insurance by 
notifying ECU in writing. ECU will mail you an insurance request 
form once your Visa/MasterCard has been opened. You will fill 
out the form and mail it back to ECU if you would like to elect 
credit insurance, with respect to all proceeds advanced to you, 
under the Visa/MasterCard Credit Card Agreement and you 
authorize ECU to add the monthly premium charge to your 
account balance. 
21. APPLICABLE LAW. This Agreement is subject to the laws of 
the United States and the State of Wisconsin. 

BILLING RIGHTS SUMMARY 
In case of errors or Inquiries 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 of paper at the address 
listed on your statement after the phrase ''send inquires to" 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: 

*Your name and account number. 
*The dollar amount of the suspected error. 
*Describe the error and explain if you can, why you believe  
  there is an error.  

If you need more information, describe the item you are unsure 
about. You do not have to pay any amount in question while we 
are investigating, but you are still obligated to pay the parts of 
you bill that are not in question. While we investigate your 
question, we cannot report you as delinquent or take any action 
to collect the amount you question.