In this Agreement, "You" and "your" mean any person who accepts this Agreement or usesthe Card. The "Card" means any Credit Builder Mastercard credit card issued to you or thosedesignated by you under the terms of this Agreement. "We," "us" or the "Credit Union" meansDiamond Credit Union or its successors. By using your card, you agree to all of the terms andconditions set forth herein.
1600 Medical DrivePottstown, PA 19464(610) 326-54901-800-593-1000Fax: (610) 326-5973 CREDIT BUILDER MASTERCARDCREDIT CARD AGREEMENT
page 1 of 3 LASER PDF FI13614 Rev 9-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.SECURITY: (a) In order to receive and maintain your Card, YOU GRANT US A CONSENSUAL LIEN AND SECURITY INTEREST IN YOUR DESIGNATED SHAREACCOUNT IN AN AMOUNT EQUAL TO YOUR CREDIT LIMIT. YOU MAY NOTWITHDRAW ANY AMOUNTS FROM THE DESIGNATED SHARE ACCOUNT THATWOULD CAUSE THE ACCOUNT BALANCE TO FALL BELOW AN AMOUNT EQUALTO YOUR CREDIT LIMIT, UNLESS WE AGREE TO RELEASE ALL OR PART OF THEPLEDGED AMOUNT. You may cancel your Card at any time by paying all amounts owedon your Card. To be certain that your entire balance and all advances on your Card arepaid, any shares pledged may not be available to you for 30 days after you havecancelled your Card and paid any outstanding balance in full.(b) Additionally, YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITYINTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE WITH US NOWAND IN THE FUTURE TO SECURE REPAYMENT OF CREDIT EXTENDED UNDERTHIS AGREEMENT. YOU ALSO AGREE THAT WE HAVE SIMILAR STATUTORY LIENRIGHTS UNDER STATE AND/OR FEDERAL LAW. THE GRANTING OF THISSECURITY INTEREST IS A CONDITION FOR THE ISSUANCE OF CREDIT UNDERTHIS AGREEMENT. IF YOU ARE IN DEFAULT, WE CAN APPLY YOUR SHARES TOTHE AMOUNT YOU OWE. Shares and deposits in an Individual Retirement Account orany other account that would lose special tax treatment under state or federal law if givenare not subject to this security interest.(c) If you have other loans with us, collateral securing such loans may also secureyour obligations under this Agreement.(d) Military Lending Act.  Notwithstanding any provision above, at any time(s) duringwhich the Military Lending Act applies to this account: (a) only shares deposited into theSecured Deposit Account after the card is established will secure this Card, and no otheraccounts will secure this Card; (b) the "Cross-Collateralization; Additional Security"provision does not apply; and (c) any provision in any agreement or other documentprovided in connection with your Card that contradicts the Military Lending Act shall haveno force or effect.
1. Using Your Card. Using your Card constitutes your acceptance of the terms andconditions of this Agreement, as may be amended from time to time. You can purchase orlease goods and services ("Purchases") from any merchant who honors your Card up to yourmaximum credit limit for your Card. You may also use the Card to obtain cash advances upto your maximum credit limit from financial institutions and ATMs that accept the Card. Youmay also access your account by telephone or access checks (if provided to you). Certainpurchases and cash advances require authorization prior to completion of the transaction. Insome cases, you may be asked to provide identification. If our system is not working, we maynot be able to authorize a transaction, even though you have sufficient credit available. Also,for security reasons, we may block the use of your Card in certain countries or geographicareas. We will have no liability to you or others if any of these events occur.2. Credit Limits. We will notify you of your credit limit. You agree to keep your unpaidbalance within your credit limit; however, if you do exceed your credit limit, you agree toimmediately pay any amount over the credit limit upon our demand, regardless of whether weauthorized the advance(s) which caused you to exceed your credit limit. We reserve the rightto increase or reduce your credit limit at any time. We base this decision on a variety offactors such as your payment and transaction history with us, information we receive fromthird parties, including but not limited to credit reporting agencies and for any other reasonpermitted by law. We will provide you with notice of the change to the extent required byapplicable law.3. Personal Identification Number (PIN). We will issue a Personal Identification Number (PIN) for use with your Card. This PIN is confidential and should not be disclosed to anyone.You may use your PIN and your Card to access your account, and all sums advanced will beadded to your account balance. In the event a use of your PIN constitutes an ElectronicFunds Transfer, the terms and conditions of your Electronic Funds Transfer Agreement mayaffect your rights.4. Promise To Pay. Regardless of the means used to access your account, you promise topay us in U.S. dollars for (a) all purchases, cash advances, and balance transfers made byyou or anyone whom you authorize to use the Card; (b) all Interest Charges and othercharges or fees; (c) collection costs and attorney's fees as permitted by applicable law, andany costs incurred in the recovery of the Card; and (d) credit in excess of your credit limit thatwe may extend to you.5. Illegal Transactions. You agree that your Card and account will not be used to make orfacilitate any illegal transactions as determined by applicable law; and that any such use willconstitute an event of default under this Agreement. We may decline any transaction that webelieve to be illegal under applicable law, including but not limited to any transaction involvingor relating to any gambling activity. You agree that we will have no liability or responsibility forany such use by you or any authorized user(s); or for declining any such transaction. Youfurther agree to indemnify and hold us harmless from any suits, liability, damages or adverseaction of any kind that results directly or indirectly from such illegal use. You promise to payus any and all amounts owing on your Card for any transactions made by you, even if thetransaction is determined to be illegal.	6. Joint Accounts. Each of you will be responsible, jointly and severally, for the repaymentof amounts owed, regardless of who initiated any transaction under the account.7. Ownership of Card. Your Card remains our property and may be cancelled by us at anytime without notice. You agree to surrender your Card and to discontinue use of the accountimmediately upon our request.8. Others Using Your Account. If you allow anyone else to use your account, you will beliable for all credit extended to such persons. You promise to pay for all purchases andadvances made by anyone you authorize to use your account, whether or not you notify usthat he or she will be using it. If someone else is authorized to use your account and youwant to end that person's privilege, you must notify us in writing, and if he or she has a Card,you must return that Card with your written notice for it to be effective. 	 	9. Interest Charges. You agree to pay interest at the rate(s) disclosed to you at the time youopen your account and as may be changed from time to time in accordance with applicablelaw. Interest Charges will accrue on your average daily balance outstanding during the month(new and previous). To get the average daily balance, we take the beginning balance eachday, add any new purchases, cash advances, insurance premiums or debt protection fees orsimilar fees, and debit adjustments and subtract any unpaid late charges. This gives us thedaily balance. Then, we add up all the daily balances for the billing cycle and divide that bythe number of days in the billing cycle. We then multiply that by the monthly periodic ratecorresponding to the Annual Percentage Rate that was previously disclosed to you.You can avoid Interest Charges on purchases by paying the full amount of the entire balancefor purchases each month by the date on which the payment is due. Otherwise, the newbalance for purchases, and subsequent advances from the date they are posted to theaccount, will be subject to an Interest Charge. You cannot avoid Interest Charges on cashadvances and balance transfers; even if you pay the entire cash advance balance or balancetransfer balance by the payment due date, you will incur the Interest Charges accrued fromthe transaction date of the cash advance or balance transfer.10. Fees. You agree to pay any and all fees that you incur in connection with your Card, inaccordance with applicable law, in the amounts set forth on your Truth-in-Lending Statement,which fees and/or amounts may be amended from time to time.11. Minimum Monthly Payments. Your minimum monthly payment will be 1.5% of your totalNew Balance shown on your billing statement at the end of each billing cycle, plus theamount of any prior payments due that remain unpaid, subject to the lesser of $25 or youraccount balance. In addition, any time that your total New Balance exceeds your credit limit,you must immediately pay the excess upon our demand. You have the right to pay youraccount in full at any time without penalty. Partial payments or prepayments will not delayyour next scheduled payment - you will still need to make the minimum scheduled paymentby the next scheduled due date to keep your account current. Payments will be applied inany order we determine, subject to applicable law. You understand that any payment thatdelays the repayment of your unpaid balance will increase your Interest Charge and anypayment that accelerates the reduction of your unpaid balance will decrease your InterestCharges.12. If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You agree to notify us immediately if your Card is ever lost or stolen or if an unauthorized use may haveoccurred. "Unauthorized use" means the use of the Card by someone other than you whodoes not have actual, implied or apparent authority for such use, and from which you receiveno benefit. Call or write to us at (800) 593-1000 or (610) 326-5490 or Diamond Credit Union,1600 Medical Drive, Pottstown, PA 19464. You also agree to assist us in determining thefacts, circumstances and other pertinent information relating to any loss, theft or possibleunauthorized use of your Card and comply with such procedures as we may require inconnection with our investigation. You will have no liability for Mastercard transactions notauthorized by you, provided that you have exercised reasonable care in safeguarding theCard from risk of loss or theft, and upon becoming aware of such loss or theft, you promptlyreport the loss or theft to us.13. Crediting Of Payments. Payments are due on the date disclosed on your monthlystatement. If your payment is received by us either by mail, electronically, or in-person at abranch during regular business hours on a business day, it will be credited to your account asof that date. Payments placed in our lockbox between 6 a.m. and 5 p.m. EST will be creditedto your account as of the date placed in the lockbox. If payment is made by any other meansor at any other times, credit for such payment may be delayed up to five (5) days. Paymentswill be applied in any order we determine, subject to applicable law.14. Default; Acceleration; Credit Suspension; Collection Costs. You will be in default if: (a) you fail to make any payment on time; (b) if you fail to keep any promises you have madeunder this Agreement or under other Agreements you have with us; (c) if you die; (d) if youfile a petition in bankruptcy or have a bankruptcy petition filed against you, or if you becomeinvolved in any insolvency, receivership or custodial proceeding; (e) if anyone attempts totake any of your funds held by us via legal process or if you have a judgment or tax lien filedagainst you; (f) if you make any false, inaccurate, or misleading statements in any creditapplication or credit update; or (g) if we, in good faith, believe that your ability to repay whatyou owe is or soon will be impaired, or that you are unwilling to make your payments. If you are in default, we have the right to demand immediate payment of your full accountbalance without giving you notice. If immediate payment is demanded, you agree to continuepaying Interest Charges until what you owe has been paid, and any shares that were givenas security for your account may be applied toward what you owe. You agree to pay allreasonable costs of collection, including court costs and attorney's fees, and any costincurred in the recovery of the Card. Even if your unpaid balance is less than your credit limit,you will have no credit available during any time that any aspect of your account is in default.15. Suspension of electronic services and access to share or deposit accounts.Subject to applicable law, we may suspend some or all electronic services and access toyour checking or other account(s) if you become delinquent on any of your loan or depositobligations to us or you cause a loss to us. We shall not be liable to you in any regard inconnection with such suspension of services.16. Additional Benefits/Card Enhancements. We may, from time to time, offer additional services to your Account at no additional cost to you. You understand that we are notobligated to offer such services and may withdraw or change them at any time.17. Convenience Checks. We may, at our discretion, issue checks to you which may beused for any purpose other than making a payment for credit to your account. By signingsuch check, you authorize us to pay the item for the amount indicated and post such amountas a cash advance to your account. We do not have to pay any item which would cause theoutstanding balance in your account to exceed your credit limit.18. Debt Protection. Voluntary Debt Protection coverage or similar products are not requiredfor any extension of credit under this Agreement. However, if you choose to purchase thisprotection from us, the fees will be added to your account balance each month and willaccrue Interest Charges. We will receive a portion of the fees that you pay as compensationfor offering this service to you. If you elect to purchase Debt Protection, we will provide therequired disclosures and program contract separately at the time of your election.19. Transaction Slips. Your monthly statement will identify what merchant, electronicterminal or financial institution at which transactions were made. Sales, cash advance, creditor other slips cannot be returned with the statement.20. Credit Information. We may, from time to time, request personal information from you orobtain credit reports from the credit reporting agencies for the purpose of updating your creditstatus. Your failure to provide such information when requested by us may result insuspension of credit privileges under this Agreement, including your ability to obtain anyfuture advances by any means. You authorize us to investigate your credit standing whenopening or reviewing your account. You authorize us to disclose information regarding youraccount to credit bureau and creditors who inquire about your credit standing.21. Foreign Transactions; Currency Conversion. Purchases and cash advances made in foreign currencies will be billed to you in U.S. dollars. Transactions processed outside of theUnited States (which may include internet transactions) will be charged a foreign transactionfee in an amount to be determined by us, regardless of whether there is a currencyconversion associated with the transaction. The conversion rate in dollars will be a rateselected by the card company from a range of rates available in wholesale currency marketsfor the applicable central processing date, which rate may vary from the rate the cardcompany itself receives, or the government- mandated rate in effect for the applicable centralprocessing date in each instance.22. Termination; Change-in-Terms. We may, by written notice, terminate this Agreement atany time, subject to applicable law. You may terminate this Agreement by written notice.Termination by either party shall not affect your obligation to repay any payments made foryour account resulting from use of the Card as well as Interest Charges and fees incurred.We may change the terms of this Agreement, including the method of calculating the periodicrate, at any time, by written notice, subject to applicable law. To the extent permitted byapplicable law, such rate changes shall apply to your unpaid balance as well as futureadvances. Use of the Card constitutes agreement and acceptance of any change in terms,unless applicable law requires otherwise.23. Late or Partial Payments. Any payment that delays the reduction of your balance willincrease your total interest costs. Partial payments or prepayments will not delay your nextscheduled payment - you will still need to make the minimum scheduled payment by the nextscheduled due date to keep your account current. We may accept late payments, partialpayments, checks or money orders marked "payment in full" and such action shall notconstitute final settlement of your account or a waiver or forgiveness of any amounts owingunder this Agreement.24. Enforcement. We do not lose our rights under this or any related agreement if we delayenforcing them. We can accept late payments, partial payments or any other payments, evenif marked, "paid in full" without losing any of our rights under this Agreement. If any provisionof this or any related agreement is determined to be unenforceable or invalid, all otherprovisions remain in full force and effect.25. Returns and Adjustments. Merchants and others who honor the Card may give creditfor returns or adjustments, and they will do so by submitting a credit slip which will be postedto your account. If your credits and payments exceed what you owe us, the amount will beapplied against future purchases and cash advances. If the credit balance amount is morethan $5 but less than $500, and if that credit balance still remains on your account after 3billing cycles, we will mail a refund to you at the most recent address we have on file for you.26. Refusal to Honor Card. We are not liable for the refusal or inability of merchants,financial institutions (including us) and others to accept the Card, or electronic terminals tohonor the Card or complete a Card withdrawal, or for their retention of the Card.27. Plan Merchant Disputes. We are not responsible for the refusal of any plan merchant orfinancial institution to honor your Card. Also, we are not responsible for goods or servicesthat you purchase with the Card unless: (a) your purchase was made in response to an page 2 of 3
IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THEMILITARY AND THEIR DEPENDENTS:
The following applies if at the time this loan is made you are an active member of themilitary or a dependent (as those terms are defined in the Military Lending Act (MLA), 10U.S.C. 987 and its implementing regulations (�MLA�)), and (a) your loan is unsecured orsecured by personal property or a vehicle that you did not purchase with the proceeds ofthe loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If thisloan is a revolving line of credit or credit card, the MLA ceases to apply at any time duringwhich you are not a member of the military or a dependent (as defined in the MLA).
NOTICE:  Federal law provides important protections to members of the ArmedForces and their dependents relating to extensions of consumer credit. In general, thecost of consumer credit to a member of the Armed Forces and his or her dependentmay not exceed an annual percentage rate of 36 percent. This rate must include, asapplicable to the credit transaction or account: the costs associated with creditinsurance premiums or debt protection fees; fees for ancillary products sold inconnection with the credit transaction; any application fee charged (other than certainapplication fees for specified credit transactions or accounts); and any participationfee charged (other than certain participation fees for a credit card account). To receivethis notice verbally, please call 1-800-593-1000 during our normal business hours.1.
2.Advances will not be secured by a consensual lien on shares or deposits in any ofyour share or deposit accounts unless you specifically agree to establish a securedshare or deposit account in connection with this credit card account (�SecuredAccount�). Only funds deposited into the Secured Account after the credit card isestablished will secure advances. Any cross- collateralization provision contained inyour credit or membership documents will not apply to the Secured Account or yourother share or deposit accounts for this account.However, with regard to this credit card account, we still reserve our rights regardingstatutory liens and administrative freeze under federal or state law.Any contract terms in your credit card, security, or membership agreements thatcontradict the above shall be inapplicable.3.Any reference in this consumer credit contract to the following are hereby inapplicableto your loan: (a) Mandatory arbitration; (b) Any requirement(s) to waive your rights tolegal recourse under any applicable state or federal law; (c) Any demands orrequirements construed as unreasonable notice from you in order to exercise yourlegal rights; or (d) Prepayment penalties.advertisement we sent or participated in sending you; or (b) your purchase cost more than$50 and was made from a plan merchant in your state or within 100 miles of your home; andonly if you have made a good faith attempt, but have been unable to obtain satisfaction fromthe plan merchant. You must resolve all other disputes directly with the plan merchant. Wedo not warrant any merchandise or services purchased by you with the Card.28. Statements and Notices. Statements and notices will be mailed to you at the mostrecent postal address or e-mail address (if you have elected to receive such documents viaelectronic means) that you have given us. Statements will be sent each month in which thereis a debit or credit balance or when an Interest Charge is imposed. If you have elected toreceive a statement via e-mail, you will not be sent a paper statement. We need not send youa statement if we feel your account is uncollectible or if we have started collectionproceedings against your account because you defaulted. Each statement is deemed to be acorrect statement of account unless you establish a billing error pursuant to the Fair CreditBilling Act. Notice sent to any one of you will be considered notice to all.29. Integrated Documents. Any separate document entitled "Truth-in-Lending Statement" orsimilar which is delivered with this Agreement or provided at a later time is an integrated partof this Agreement.30. Notification of Address Change. You will notify us promptly if you change your address for any reason. In order to prevent identity theft, your identity may need to be verified beforewe act upon the notification.31. Copy Received. You acknowledge that you have received a copy of this Agreement.32. Governing Law. This Agreement shall be construed under federal law and state law inthe state in which we are primarily located, and the venue shall be located in the county andstate in which we are primarily located. Operating regulations of Visa or Mastercard, asapplicable, may also apply. This Agreement is the contract that applies to all transactionseven though the sales, cash advance, convenience check, credit or other slips you sign orreceive may contain different terms.33. 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 becontradicted by evidence of any oral agreement.
4.Any provisions in your consumer credit contract, loan, security, or accountagreements that are determined to be inconsistent with or contradictory to thesedisclosures or the MLA (as they may be changed or amended from time to time) areinapplicable with regard to this loan. However, all other terms and conditions of theconsumer credit contract shall remain in full force and effect.
LASER PDF FI13614 Rev 9-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved. This notice tells you about your rights and our responsibilities under theFair Credit Billing Act.What To Do If You Find A Mistake On Your StatementIf you think there is an error on your statement, write to us at the address(es)listed on your statement.In your letter, give us the following information:1.2.3.Your name and account number.The dollar amount of the suspected error.If you think there is an error on your bill, describe what you believe iswrong and why you believe it is a mistake.YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
Within 60 days after the error appeared on your statement.At least 3 business days before an automated payment is scheduled, ifyou want to stop payment on the amount you think is wrong.��You must contact us:You must notify us of any potential errors in writing. You may call us, but if youdo, we are not required to investigate any potential errors and you may haveto pay the amount in question.What Will Happen After We Receive Your LetterWhen we receive your letter, we must do two things:If you receive our explanation but still believe your bill is wrong, you must writeto us within 10 days telling us that you still refuse to pay. If you do so, wecannot report you as delinquent without also reporting that you arequestioning your bill. We must tell you the name of anyone to whom wereported you as delinquent, and we must let those organizations know whenthe matter has been settled between us.If we do not follow all of the rules above, you do not have to pay the first $50of the amount you question even if your bill is correct.Your Rights If You Are Dissatisfied With Your Credit Card PurchasesIf you are dissatisfied with the goods or services that you have purchased withyour credit card, and you have tried in good faith to correct the problem withthe merchant, you may have the right not to pay the remaining amount due onthe purchase.To use this right, all of the following must be true:If we made a mistake: You will not have to pay the amount in question orany interest or other fees related to that amount.If we do not believe there was a mistake: You will have to pay the amountin question, along with applicable interest and fees. We will send you astatement of the amount you owe and the date payment is due. We maythen report you as delinquent if you do not pay the amount we think youowe.��After we finish our investigation, one of two things will happen:
Within 30 days of receiving your letter, we must tell you that we receivedyour letter. We will also tell you if we have already corrected the error.Within 90 days of receiving your letter, we must either correct the error orexplain to you why we believe the bill is correct.1.2. The purchase must have been made in your home state or within 100miles of your current mailing address, and the purchase price must havebeen more than $50. (Note: Neither of these are necessary if yourpurchase was based on an advertisement we mailed to you, or if we ownthe company that sold you the goods or services.)You must have used your credit card for the purchase. Purchases madewith cash advances from an ATM or with a check that accesses yourcredit card account do not qualify.You must not yet have fully paid for the purchase.1.2.3.����We cannot try to collect the amount in question, or report you asdelinquent on that amount.The charge in question may remain on your statement, and we maycontinue to charge you interest on that amount.While you do not have to pay the amount in question, you are responsiblefor the remainder of your balance.We can apply any unpaid amount against your credit limit.While we investigate whether or not there has been an error:
If all of the criteria above are met and you are still dissatisfied with thepurchase, contact us in writing at the address(es) listed on your statement.While we investigate, the same rules apply to the disputed amount asdiscussed above. After we finish our investigation, we will tell you ourdecision. At that point, if we think you owe an amount and you do not pay, wemay report you as delinquent.
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LASER PDF FI13614 Rev 9-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.