MEMBERS CREDIT UNION
LOANLINER
making lives better
126 E. Putnam Ave. 2W
Members
Cos Cob, CT 06807
Phone: (203) 622-6050
VISA
Credit Union
Fax: (203) 622-6051
VISA CLASSIC
Website: www.memberscu.coop
CREDIT CARD ACCOUNT OPENING DISCLOSURE
This Addendum is incorporated into and becomes part of your LOANLINER R Consumer Credit Card Agreement.
Please keep this attached to your LOANLINER® Consumer Credit Card Agreement.
Interest Rates and Interest Charges
Annual Percentage Rate (APR) for
14.99%
Purchases
APR for Cash Advances
14.99%
APR for Balance Transfers
14.99%
Penalty APR and When it Applies
18.00%
This APR may be applied to the entire balance on your account if you:
- Make a late payment
How Long Will the Penalty APR Apply? If your APRs are increased
for any of these reasons, the Penalty APR will apply until your account
becomes current; then you must make 6 consecutive minimum
payments when due, then the rate will reduce to the rate in effect for
non-delinquent accounts.
Paying Interest
Your due date is at least 21 days after the close of each billing cycle.
We do not charge you interest on purchases if you pay your entire
balance by the due date each month. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from the Federal
To learn more about factors to consider when applying for or using a
Reserve Board
credit card, visit the Web site of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard.
Fees
Set-up and Maintenance Fees
- Annual Fee
None
- Account Set-up Fee
None
- Program Fee
None
- Participation Fee
None
- Additional Card Fee
None
- Application Fee
None
Transaction Fees
- Balance Transfer Fee
None
- Cash Advance Fee
None
- Foreign Transaction Fee
None
- Transaction Fee for Purchases
None
Penalty Fees
- Late Payment Fee
Up to $25.00
- Over-the-Credit Limit Fee
None
- Returned Payment Fee
Up to $25.00
How We Will Calculate Your Balance. We use a method called "average daily balance (including new purchases)." See
your account Agreement for more details.
Application of Penalty APR. Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making
a payment.
Billing Rights. Information on your rights to dispute transactions and how to exercise those rights is provided in your
account Agreement.
©CUNA MUTUAL GROUP, 2009, 10, ALL RIGHTS RESERVED
DCTFC1 (MXC450 CCM001)-6
SEE BACK OF PAGE for more important information about your account.
OTHER DISCLOSURES
Late Payment Fee
$25.00
or the amount of the required minimum payment, whichever
is less, if you are five (5) or more days late in making a payment.
Returned Payment Fee
$25.00
or the amount of the required minimum payment, whichever
is less.
Statement Copy Fee
None
Document Copy Fee
None
Rush Fee
$20.00
PIN Replacement Fee
None
Card Replacement Fee
$10.00
Pay-by-Phone Fee
$10.00
per payment
Collection Costs. You agree to pay all costs of collecting the amount you owe under this Agreement, including
reasonable attorney's fees not in excess of 15.00% of any judgment and all court costs.
Periodic Rates.
The Purchase APR is 14.99% which is a monthly periodic rate of 0.8325%.
The Cash Advance APR is 14.99% which is a monthly periodic rate of 0.8325%.
The Balance Transfer APR is 14.99% which is a monthly periodic rate of 0.8325%.
The Penalty Rate APR is 18.00% which is a monthly periodic rate of 1.5000%.
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