CONSUMER
CREDIT CARD
AGREEMENT
AND
DISCLOSURE

VISA GOLD/VISA CLASSIC 

This  Consumer  Credit  Card  Agreement  and  Disclosure  together  with  the  Account  Opening  Disclosure  and  any  other 
Account  opening  documents  or  any  subsequent  documents  provided  to  You  related  to  this  Account  (hereinafter 
collectively referred to as “Agreement”) govern the terms and conditions of this Account. “We,” “Us,” “Our” and “Ours” and 
“Credit Union” refers to LBS Financial Credit Union with which this Agreement is made. “You,” “Your,” and “Yours” refers 
to  each  applicant  and  co-applicant  for  the  Account;  any  person  responsible  for  paying  the  Account;  and  anyone  You 
authorize  to  use,  access  or  service  the  Account.  "Card"  means  the  Visa®  credit  card  and  any  other  access  devices, 
duplicates, renewals, or substitutions, the Credit Union issues to You. "Account" means the line of credit established by 
this Agreement and includes Your Card. 

1. USING YOUR ACCOUNT — By using the Account or keeping the Card, You agree to the terms of this Agreement.
You  agree  to  use  Your  Account  in  accordance  with  this  Agreement.  Your  Account  must  only  be  used  for  lawful
transactions.
2. CREDIT LIMIT — We may establish a credit limit as part of this Agreement, which You promise not to exceed. If You
exceed the credit limit, You promise to repay immediately the amount which exceeds the credit limit, including amounts
due to finance charges, fees or other charges. You may request a credit limit increase on Your Account only by a method
acceptable  to  the  Credit  Union.  We  may  increase  or  decrease  Your  credit  limit,  refuse  to  make  an  advance  and/or
terminate Your Account at any time for any reason permitted by law.
3. REPAYMENT — You promise to repay all amounts You owe under this Agreement. Your promise to repay includes
all  transactions  made  to  Your  Account  by  You  or  anyone  You  authorize  to  use  Your  Account  as  well  as  all  interest
charges and fees.
For each billing period, You must pay at least the Minimum Payment Due by the Payment Due Date.  
The Minimum Payment Due is 3.00% of Your total New Balance, or $25.00, whichever is greater, plus any amount past  
due  and  any  amount  by  which  You  have  exceeded  Your  applicable  credit  limit.  If  Your  total  New  Balance  is  less  than  
$25.00, then Your Minimum Payment Due is the amount of the total New Balance.  
You may pay more frequently, pay more than the Minimum Payment Due or pay the total New Balance in full.  
If You make extra or larger payments, You are still required to make at least the Minimum Payment Due each month Your  
Account has a balance (other than a credit balance). The Credit Union may delay replenishing Your credit limit until the  
date the payment is posted or the Credit Union confirms the payment has cleared. 
Your payment of the required Minimum Payment Due may be applied to what You owe the Credit Union in any manner 
the  Credit  Union  chooses,  as  permitted  by  applicable  law.  If  You  make  a  payment  in  excess  of  the  required  Minimum 
Payment  Due,  the  Credit  Union  will  allocate  the  excess  amount  first  to  the  balance  with  the  highest  annual  percentage 
rate  (“APR”)  and  any  remaining  portion  to  the  other  balances  in  descending  order  based  on  applicable  APR,  unless 
otherwise  prescribed  by  applicable  law.  We  may  accept  checks  marked  "payment  in  full"  or  with  words  of  similar  effect 
without losing any of Our rights to collect the full balance of Your Account with Us. 

INTEREST AND FINANCE CHARGES — We will begin charging You interest on new purchases on the first day of
4.
the following billing cycle. We will begin charging You interest on cash advances and balance transfers on the date of the
transaction  or  the  first  day  of  the  billing  cycle  in  which  the  transaction  is  posted  to  Your  Account,  whichever  is  later
(transaction date). However, We will not charge You any interest on new purchases if You paid the entire new balance on
the previous cycle’s billing statement by the Payment Due Date of that statement. To avoid an additional finance charge
on the balance of purchases, You must pay the entire new balance on the billing statement by the Payment Due Date of
that statement.

How We Calculate Your Balance: 
Interest  charges  on  Your  Account  are  calculated  separately  for  purchases,  balance  transfers  and  cash  advances 
(“Transaction  Type”).  We  figure  the  interest  charge  for  each  Transaction  Type  by  applying  the  periodic  rate  to  each 
corresponding “average daily balance.” To get the “average daily balance” for a Transaction Type We take the beginning 
balance  for  that  Transaction  Type  each  day,  add  any  new  transactions  of  that  type  (excluding  new  purchases),  and 
subtract  any  unpaid  interest  or  other  finance  charges  and  any  applicable  payments  or  credits.  This  gives  Us  the  daily 
balance for each Transaction Type. Then, for each Transaction Type, We add up all the daily balances for the billing cycle 

© CUNA Mutual Group 1991, 2006, 09, 10, 12, 14, 16 All Rights Reserved 

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and  divide  each  total  by  the  number  of  days  in  the  billing  cycle.  This  gives  Us  the  “average  daily  balance”  for  each 
Transaction Type. 
5. FEES  —  In  addition  to  the  periodic  rate,  additional  fees  may  be  imposed  on  Your  Account.  If  applicable  to  Your
Account,  the  fee  amounts  and  explanations  are  disclosed  on  the  Account  Opening  Disclosure  accompanying  this
Agreement.
6. FOREIGN TRANSACTIONS — Purchases and cash advances made in foreign currencies will be debited from Your
Account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing
international transactions is a rate selected by Visa from a range of rates available in wholesale currency markets for the
applicable  central  processing  date,  which  rate  may  vary  from  the  rate  Visa  itself  receives  or  the  government-mandated
rate in effect for the applicable central processing date. The exchange rate used on the processing date may differ from
the rate that would have been used on the purchase date or cardholder statement posting date.
A fee (finance charge) will be charged on all transactions completed outside of the United States, where the cardholder’s 
country  code  differs  from  the  merchant’s  country  code.  A  fee  (finance  charge)  will  be  charged  on  all  transactions 
completed  in  a  foreign  currency.  All  fees  are  calculated  based  on  the  transaction  amount  after  it  is  converted  to  U.S. 
dollars.  These  fees  are  charged  except  where  excluded.  The  Foreign  Transaction  Fee  is  set  forth  on  the  Disclosure 
accompanying this Agreement. 
7. AUTHORIZATIONS  — We do not guarantee authorization of a transaction, either by Us or by a third party, even if
You  have  sufficient  credit  available.  You  agree  that  We  will  not  be  liable  for  failing  to  give  an  authorization.  We  also
reserve the right to limit the number of transactions that may be approved in one day. We reserve the right to deny certain
transactions  for  any  reason  and  at  Our  sole  discretion,  including  for  default,  suspected  fraudulent  or  unlawful  activity,
internet gambling or any indication of increased risk related to the transaction or the Account. You agree that We have no
requirement to notify You of the specific reason We denied a transaction. If We detect unusual or suspicious activity, We
may suspend Your credit privileges until We can verify the activity, or We may close the Account.

INFORMATION UPDATING SERVICE AND AUTHORIZATIONS — If You have authorized a merchant to bill charges
8.
to Your Card on a recurring basis, it is Your responsibility to notify the merchant in the event Your Card is replaced, Your
Account information (such as Card number or expiration date) changes, or Your Account is closed. However, if Your Card
is replaced or Your Account information changes, You authorize Us, without obligation on Our part, to provide the updated
Account information to the merchant in order to permit the merchant to bill recurring charges to Your Card. You authorize
Us to apply such recurring charges to Your Card until You notify Us that You have revoked authorization for the charges
to Your Card.
Your  Card  is  automatically  enrolled  in  an  information  updating  service.  Through  this  service,  Your  updated  Account 
information (such as Card number or expiration date) may be shared with participating merchants to facilitate continued 
recurring charges. Updates are not guaranteed before Your next payment to a merchant is due. You are responsible for 
making  direct  payment  until  recurring  charges  resume.  To  revoke  Your  authorization  allowing  Us  to  provide  updated 
Account information to a merchant, please contact Us. 
9. PREAUTHORIZED CHARGES — We may suspend preauthorized recurring charges with merchants if, for example,
Your Card is lost or stolen, You default, or We change Your Account for any reason. If preauthorized recurring charges
are  suspended,  You  are  responsible  for  making  direct  payment  for  such  charges  until  You  contact  the  merchant  to
reinstate recurring charges.
10. DEFAULT — You will be in default under this Agreement if You fail to pay the Minimum Payment Due by its Payment
Due  Date;  pay  by  a  check  or  similar  instrument  that  is  not  honored  or  that  We  must  return  because  it  cannot  be
processed;  pay  by  automatic  debit  that  is  returned  unpaid;  make  any  false  or  misleading  statements  in  any  credit
application or credit update; file for bankruptcy; or die. You will also be in default if You fail to comply with the terms of this
Agreement or any other Agreement You have with Us.
If You default, We may close Your Account and require You to pay any unpaid balance immediately, subject to applicable 
law. 
11. LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION — If You notice the loss or theft of
Your credit card or a possible unauthorized use of Your Card, You should write to Us immediately at P.O. Box 4860, Long
Beach,  CA,  90804-0860  or  call  Us  at  800.527.3328,  Monday  through  Friday  8:30  a.m.  to  7:00  p.m.  Pacific  Time  or
800.527.3328, Saturday 8:30 a.m. to 5:00 p.m. Pacific Time or 866.333.4740, seven days a week after business hours.
You  will  not  be  liable  for  any  unauthorized  use  that  occurs  after  You  notify  Us.  You  may,  however,  be  liable  for 
unauthorized  use  that  occurs  before  Your  notice  to  Us.  You  will  have  no  liability  for  unauthorized  use  unless  You  are 
found to be fraudulent or negligent in the handling of Your Account or Card. In any case, Your liability for unauthorized 
transactions will not exceed $50. 
12. CHANGING OR TERMINATING YOUR ACCOUNT — As permitted by law, the Credit Union may change the terms
of this Agreement and any attached Disclosure from time to time. Notice of any change will be given in accordance with
applicable law. To the extent permitted by law, changes to the Agreement may apply to Your existing account balance as
well as to future transactions.

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Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington, and Wisconsin Residents - Either 
You, Your spouse or the Credit Union may terminate this Agreement at any time, but termination by You, Your spouse or 
the Credit Union will not affect Your obligation to pay the account balance plus any finance and other charges You or Your 
spouse owe under this Agreement. Your obligation to pay the account balance plus any finance and other charges You 
owe under this agreement are subject to all applicable laws and regulations regarding repayment requirements. The Card 
or Cards You receive remain the property of the Credit Union and You must recover and surrender to the Credit Union all 
Cards upon request or upon termination of this Agreement whether by You or the Credit Union. 
Residents of all other states - Either You or the Credit Union may terminate this Agreement at any time, but termination 
by You or the Credit Union will not affect Your obligation to pay the account balance plus any finance and other charges 
You owe under this Agreement. Your obligation to pay the account balance plus any finance and other charges You owe 
under this agreement are subject to all applicable laws and regulations regarding repayment requirements. The Card or 
Cards You receive remain the property of the Credit Union and You must recover and surrender to the Credit Union all 
Cards upon request or upon termination of this Agreement whether by You or the Credit Union. 
13. AUTHORIZED  USERS  —  Upon  Your  request,  We  may  issue  additional  Cards  for  authorized  users  that  You
designate.  You  must  notify  Us  in  writing  of  any  termination  of  an  authorized  user's  right  to  access  Your  Account.  Your
notice must include the name of the authorized user and Your Account number and/or any subaccount number issued to
the  authorized  user  along  with  the  authorized  user's  Card  and  any  convenience  or  other  access  checks  issued  to  the
authorized user. If You cannot return the authorized user's Card or access checks and if You request Your Account to be
closed, We will close Your Account and You may apply for a new Account. Alternatively, We may, at Our sole discretion,
issue You a new Account number and a new Card.
14. CREDIT REPORTS AND NOTICE OF NEGATIVE INFORMATION — You authorize the Credit Union to obtain credit
reports  and  any  other  information  We  may  need  to  verify  Your  identity  and  use  of  the  Account  when  opening  Your
Account and for any update, increase, renewal, extension, collection or review of Your Account. You authorize the Credit
Union  to  disclose  information  regarding  Your  Account  to  credit  bureaus  and  creditors  who  inquire  about  Your  credit
standing.  We  may  report  information  about  Your  Account  to  credit  bureaus.  Late  payments,  missed  payments,  or  other
defaults on Your Account may be reflected on Your credit report.
15. JOINT ACCOUNTS — If this is a joint Account, each of You will be individually and jointly responsible for paying all
amounts owed under this Agreement. This means that the Credit Union can require any one of You individually to repay
the entire amount owed under this Agreement. Each of You authorizes the other(s) to make transactions on the Account
individually. Any one of You may terminate the Account and the termination will be effective as to all of You.
16. EFFECT OF AGREEMENT — This Agreement is the contract which applies to all transactions on Your Account even
though the sales, cash advances, credit or other slips You sign or receive may contain different terms.
17. SEVERABILITY AND FINAL EXPRESSION — This Agreement is the final expression of the terms and conditions of
Your Account. This written Agreement may not be contradicted by evidence of any alleged oral Agreement. Should any
part of this Agreement be found to be invalid or unenforceable, all other parts of this Agreement shall remain in effect and
fully enforceable to the fullest extent possible under this Agreement.
18. ILLEGAL TRANSACTIONS PROHIBITED — You agree that You will not use Your Card for any transaction, including
any type of electronic gambling transaction through the Internet, that is illegal under applicable federal, state, or local law.
Even  if  You  use  Your  Card  for  an  illegal  transaction,  You  will  be  responsible  for  all  amounts  and  charges  incurred  in 
connection with the transaction. This paragraph shall not be interpreted as permitting or authorizing any transaction that is 
illegal. 
19. APPLICABLE LAW — The terms and enforcement of this Agreement shall be governed by federal law and the law of
California.
20. ENFORCING  THIS  AGREEMENT  —  We  can  delay  in  enforcing  or  fail  to  enforce  any  of  Our  rights  under  this
Agreement without losing them.
21. COLLECTION COSTS — If We refer collection of Your Account to a lawyer who is not Our salaried employee, You
are  liable  for  any  reasonable  attorney’s  fees  We  incur,  plus  the  costs  and  expenses  of  any  legal  action,  as  further
disclosed on this Agreement, or to the extent allowed by law.
22. ASSIGNMENT — We may assign any or all of Our rights and obligations under this Agreement to a third party.
23. OVERDRAFT  PRIVILEGE  —  You  agree  that  if,  pursuant  to  any  overdraft  privilege  on  a  Credit  Union  Share  Draft
Account,  there  is  an  overdraft  of  Your  Share  Draft  Account,  the  amount  of  overdraft  will  be  added  to  the  outstanding
balance  on  Your  Visa  Credit  Card  Account,  subject  to  the  finance  charge  provisions  set  forth  in  “INTEREST  AND
FINANCE CHARGES” as described for cash advances, and will be subject to all terms and conditions of this Agreement.
The  Visa  Credit  Card  Account  must  be  current  and  not  over  the  credit  limit  for  funds  to  transfer  to  the  Share  Draft
Account. Overdrafts are not allowed for the purpose of making loan payments, including Visa Credit Card payments, at
the Credit Union, ATM or in-branch teller cash withdrawals. The Share Draft Account referred to herein is also subject to a
separate agreement between You and the Credit Union. Where the terms of any other agreement between You and the
Credit Union conflict with the terms of this Agreement, the terms of this Agreement will control.

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24. CALIFORNIA RESIDENTS — A married applicant may apply for a separate Account. Applicants: 1) may, after credit
approval, use the credit card Account up to its credit limit; 2) may be liable for amounts extended under the plan to any
joint applicant. As required by law, You are hereby notified that a negative credit report reflecting on Your credit record
may be submitted to a credit reporting agency if You fail to fulfill the terms of Your credit obligations.

25. FLORIDA RESIDENTS — You (borrower) agree that, should We obtain a judgment against You, a portion of
Your disposable earnings may be attached or garnished (paid to Us by Your employer), as provided by Florida
and Federal law.
26. MARYLAND RESIDENTS — To the extent, if any, that Maryland law applies to Your Account, We elect to offer Your
Card Account pursuant to Title 12, Subtitle 9 of the Maryland Commercial Law Article.

27. MISSOURI RESIDENTS — Oral Agreements or commitments to loan money, extend credit or to forbear from
enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect
You  (borrower(s))  and  Us  (creditor)  from  misunderstanding  or  disappointment,  any  Agreements  We  reach
covering  such  matters  are  contained  in  this  writing,  which  is  the  complete  and  exclusive  statement  of  the
Agreement between Us, except as We may later agree in writing to modify it.
28. NEW YORK RESIDENTS — We may obtain a credit report in connection with this Account, including for any review,
modification, renewal or collections associated with this Account. Upon Your request, You will be informed whether such
report was requested and, if so, the name and address of the consumer reporting agency furnishing the report. New York
residents  may  contact  the  New  York  State  Banking  Department  at  800.342.3736  or  www.dfs.ny.gov  to  obtain  a
comparative listing of credit card rates, fees and grace periods.
29. OHIO RESIDENTS — The Ohio laws against discrimination require that all creditors make credit equally available to
all  creditworthy  customers  and  that  credit  reporting  agencies  maintain  separate  credit  histories  on  each  individual  upon
request. The Ohio Civil Rights Commission administers compliance with this law.
30. SOUTH  DAKOTA  RESIDENTS  —  If  You  believe  there  have  been  any  improprieties  in  making  this  loan  or  in  the
lender’s loan practices, You may contact the South Dakota Division of Banking at 1601 N. Harrison Ave, Suite 1, Pierre,
SD 57501, or by phone at 605.773.3421.
31. WISCONSIN RESIDENTS — If You are married, please contact Us immediately upon receipt of this Agreement at the
address or phone number listed on this Agreement and provide Us with the name and address of Your spouse. We are
required to inform Your spouse that We have opened an Account for You.
32. NOTICE  TO  UTAH  BORROWERS  —  This  written  Agreement  is  a  final  expression  of  the  Agreement  between  You
and the Credit Union. This written Agreement may not be contradicted by evidence of any oral Agreement. As required by
law,  You  are  hereby  notified  that  a  negative  credit  report  reflecting  on  Your  credit  record  may  be  submitted  to  a  credit
reporting agency if You fail to fulfill the terms of Your credit obligations.

33. THE  FOLLOWING  IS  REQUIRED  BY  VERMONT  LAW  —  NOTICE  TO  CO-SIGNER  —  YOUR  SIGNATURE  ON
THIS  NOTE  MEANS  THAT  YOU  ARE  EQUALLY  LIABLE  FOR  REPAYMENT  OF  THIS  LOAN.  IF  THE  BORROWER
DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU.

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Your Billing Rights: Keep this Document for Future Use 
This notice tells You about Your rights and Our responsibilities under the Fair Credit Billing Act. 

What To Do If You Find A Mistake On Your Statement 
If You think there is an error on Your statement, write to Us at the address listed on Your statement. 
In Your letter, give Us the following information: 

- Account information: Your name and Account number.
- Dollar amount: The dollar amount of the suspected error.
- Description of problem: If You think there is an error on Your bill, describe what You believe is wrong and why You

believe it is a mistake.

You must contact Us: 

- Within 60 days after the error appeared on Your statement.
- At least three business days before an automated payment is scheduled, if You want to stop payment on the amount

You think is wrong.

You must notify Us of any potential errors in writing or electronically. You may call Us, but if You do We are not required 
to investigate any potential errors and You may have to pay the amount in question. 

What Will Happen After We Receive Your Letter 
When We receive Your letter, We must do two things: 

1. Within 30 days of receiving Your letter, We must tell You that We received Your letter. We will also tell You if We have

already corrected the error.

2. Within 90 days of receiving Your letter, We must either correct the error or explain to You why We believe the bill is

correct.

While We investigate whether or not there has been an error: 

- We cannot try to collect the amount in question, or report You as delinquent on that amount.
- The charge in question may remain on Your statement, and We may continue to charge You interest on that amount.
- While You do not have to pay the amount in question, You are responsible for the remainder of Your balance.
- We can apply any unpaid amount against Your credit limit.
After We finish Our investigation, one of two things will happen: 

-

-

If We made a mistake: You will not have to pay the amount in question or any interest or other fees related to that
amount.
If  We  do  not  believe  there  was  a  mistake:  You  will  have  to  pay  the  amount  in  question,  along  with  applicable
interest and fees. We will send You a statement of the amount You owe and the date payment is due. We may then
report You as delinquent if You do not pay the amount We think You owe.

If You receive Our explanation but still believe Your bill is wrong, You must write to Us within 10 days telling Us that You 
still refuse to pay. If You do so, We cannot report You as delinquent without also reporting that You are questioning Your 
bill. We must tell You the name of anyone to whom We reported You as delinquent, and We must let those organizations 
know when the matter has been settled between Us. 
If We do not follow all of the rules above, You do not have to pay the first $50 of the amount You question even if Your bill 
is correct. 

Your Rights if You Are Dissatisfied With Your Credit Card Purchases 
If You are dissatisfied with the goods or services that You have purchased with Your credit card, and You have tried in 
good faith to correct the problem with the merchant, You may have the right not to pay the remaining amount due on the 
purchase. 
To use this right, all of the following must be true: 

1. The purchase must have been made in Your home state or within 100 miles of Your current mailing address, and the
purchase price must have been more than $50. (Note: Neither of these are necessary if Your purchase was based on
an advertisement We mailed to You, or if We own the company that sold You the goods or services.)

2. You must have used Your credit card for the purchase. Purchases made with cash advances from an ATM or with a

check that accesses Your credit card Account do not qualify.

3. You must not yet have fully paid for the purchase.

If all of the criteria above are met and You are still dissatisfied with the purchase, contact Us in writing or electronically at  
the address listed on Your statement.  
While We investigate, the same rules apply to the disputed amount as discussed above. After We finish Our investigation,  
We will tell You Our decision. At that point, if We think You owe an amount and You do not pay, We may report You as 
delinquent. 

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