CREDIT CARD AGREEMENT
to make or facilitate any illegal transactions as determined by applicable law;and that any such use will constitute an event of default under this Agreement.We may decline any transaction that we believe to be illegal under applicablelaw, including but not limited to any transaction involving or relating to anygambling 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 suchtransaction. You further agree to indemnify and hold us harmless from anysuits, liability, damages or adverse action of any kind that results directly orindirectly from such illegal use. You promise to pay us any and all amountsowing on your Card for any transactions made by you, even if the transactionis determined to be illegal.Joint Accounts. Each of you will be responsible, jointly and severally, for therepayment of amounts owed, regardless of who initiated any transactionunder the account.Others Using Your Account. If you allow anyone else to use your account,you will be liable for all credit extended to such persons. You promise to payfor all purchases and advances made by anyone you authorize to use youraccount, whether or not you notify us that he or she will be using it. Ifsomeone else is authorized to use your account and you want to end thatperson'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.Ownership of Card. Your Card remains our property and may be cancelledby us at any time without notice. You agree to surrender your Card and todiscontinue use of the account immediately upon our request.Interest Charges. You agree to pay interest at the rate(s) disclosed to you atthe time you open your account and as may be changed from time to time inaccordance with applicable law. Average Daily Balance including newtransactions: Interest Charges will accrue on your average daily balanceoutstanding during the month. To get the average daily balance, we take thebeginning balance each day, add any new purchases, cash advances,balance transfers or other advances, and subtract any payments, unpaidinterest charges, and unpaid late charges. This gives us the daily 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 periodicrate corresponding to the Annual Percentage Rate on your account. If youhave different rates for purchases, cash advances or balance transfers,separate average daily balances for each will be calculated and theappropriate periodic rate is then applied to each.For the Gold Mastercard�:Grace Period on Purchases Only: You can avoid Interest Charges onpurchases by paying the full amount of the new balance for purchases eachmonth by the date on which the payment is due. Otherwise, the new balanceof your account, and subsequent advances from the date they are posted tothe account, will be subject to an Interest Charge. You cannot avoid InterestCharges on cash advances and balance transfers; even if you pay the entirecash advance balance or balance transfer balance by the payment due date,you will incur the Interest Charges accrued from the date the cash advance orbalance transfer is posted to your account.For World Mastercard� and Empower Mastercard�:Grace Period on Purchases Only: You can avoid Interest Charges onpurchases by paying the full amount of any outstanding balance each monthby the date on which the payment is due. If you do not pay the full amount ofthe outstanding balance by the date on which the payment is due, the newbalance of your account, and subsequent advances from the date they areposted to the account, will be subject to an Interest Charge. You cannot avoidInterest Charges on cash advances and balance transfers; even if you pay theentire cash advance balance or balance transfer balance by the payment duedate, you will incur the Interest Charges accrued from the date the cashadvance or balance transfer is posted to your account.Fees. In addition to the Interest Charges set forth above, you agree to alsopay any and all fees that you incur as disclosed to you on your Truth-in-Lending Statement or similar disclosures (as may be amended from time totime), or as disclosed to you during the term of your Card.IN THIS AGREEMENT, "YOU" AND "YOUR" MEAN ANY PERSON WHO ACCEPTS THIS AGREEMENT OR USES THE CARD. THE "CARD" MEANS ANY CREDIT CARD ISSUED TO YOU OR THOSEDESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS TOWER FEDERAL CREDIT UNION OR ITS SUCCESSORS. BY USING YOURCARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.
page 1 of 3Using Your Card; Credit Limits. You can purchase or lease goods andservices from any merchant who honors your Card. For the Gold Mastercard�, you can obtain cash advances up to your maximum credit limitfrom financial institutions and ATM machines that accept the Card. For World Mastercard� and Empower Mastercard�, you can obtain cash advances upto 30% of your credit limit. You agree not to present your Card or obtain acash advance for any extension of credit in excess of your available creditlimit; however, if you do exceed your credit limit, you agree to makeimmediate payment sufficient to bring the balance below the credit limit.Certain purchases and cash advances require authorization prior tocompletion of the transaction. In some cases, you may be asked to provideidentification. If our system is not working, we may not be able to authorize atransaction, even though you have sufficient credit available. Also, for securityreasons, 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.Account Updating Service. The credit card payment processing network(e.g., Visa, Mastercard) in which we participate has an account updatingservice in which your card is automatically enrolled. When your card(s) expireand new cards are issued, the service may update your card data such ascard numbers and expiration dates to the processing network�s database.Participating merchants to whom you have authorized recurring paymentsmay access this database in an attempt to facilitate uninterrupted processingof your recurring charges. Updates are not guaranteed to be made beforeyour next payment is due and not all merchants participate in the service; it isyour responsibility to make your payments until recurring payments can beresumed. This service is provided as a free benefit to you. The Credit Unionhas no responsibility for the accuracy or timeliness of the account updatingservice or its database. If at any time you wish to opt-out of the accountupdating service or if you have any questions, please call  301-497-7000 or 1-800-787-8328 to do so.Personal Identification Number (PIN). We may issue a PersonalIdentification Number (PIN) for use with your Card. This PIN is confidentialand should not be disclosed to anyone. You may use your PIN and your Cardto access your account, and all sums advanced will be added to your accountbalance. In the event a use of your PIN constitutes an Electronic FundsTransfer, the terms and conditions of your Electronic Funds TransferAgreement may affect your rights.Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,cash advances, and balance transfers made by you or anyone whom youauthorize to use the Card; (b) all Interest Charges and all other charges orfees; (c) collection costs and attorney's fees as permitted by applicable law,and any costs incurred in the recovery of the Card; and (d) credit in excess ofyour credit limit that we may extend to you.Illegal Transactions. You agree that your Card and account will not be used 9011 LASER FPDF FI19188 Rev 4-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.P.O. Box 123Annapolis Junction, MD 20701-0123301-497-7000   �   800-787-8328towerfcu.org
THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.
YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITYINTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVEWITH US NOW AND IN THE FUTURE TO SECURE REPAYMENT OFCREDIT EXTENDED UNDER THIS AGREEMENT. YOU ALSO AGREETHAT WE HAVE SIMILAR STATUTORY LIEN RIGHTS UNDER STATEAND/OR FEDERAL LAW. IF YOU ARE IN DEFAULT, WE CAN APPLYYOUR SHARES TO THE AMOUNT YOU OWE.Shares and deposits in an Individual Retirement Account or any otheraccount that would lose special tax treatment under state or federal law ifgiven are not subject to this security interest.If you have other loans with us, collateral securing such loans will alsosecure your obligations under this Agreement, unless that other collateralis your principal residence or non-purchase money household goods.
(Borrower Initials)(Co-Borrower Initials) IN THIS AGREEMENT, "YOU" AND "YOUR" MEAN ANY PERSON WHO ACCEPTS THIS AGREEMENT OR USES THE CARD. THE "CARD" MEANS ANY CREDIT CARD ISSUED TO YOU OR THOSEDESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS TOWER FEDERAL CREDIT UNION OR ITS SUCCESSORS. BY USING YOURCARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.
If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. Youagree to notify us immediately if your Card is ever lost or stolen or if anunauthorized use may have occurred. "Unauthorized use" means the use ofthe Card by someone other than you who does not have actual, implied orapparent authority for such use, and from which you receive no benefit. Thetelephone number to call is (866) 570-1238 or (515) 457-2082 (outside US).You agree to follow up your call with notice in writing to us at: P.O. Box 10452,Des Moines, IA 50306-0452. You also agree to assist us in determining thefacts, circumstances and other pertinent information relating to any loss, theftor possible unauthorized use of your Card and comply with such proceduresas we may require in connection with our investigation. You will have noliability for Mastercard� transactions not authorized by you, provided that youhave exercised reasonable care in safeguarding the Card from risk of loss ortheft, and upon becoming aware of such loss or theft, you promptly report theloss or theft to us.Minimum Payment Due; Crediting of Payments. Payments are due in the amount and on the date disclosed on your billing statement. If your paymentis received by us on a business day at the address and by the timedesignated on the billing statement, it will be credited to your account on thedate of receipt. If payment is made at any location other than the addressdesignated on the periodic statement, credit for such payment may bedelayed up to five (5) days. Payments will be applied in any order wedetermine, subject to applicable law.Default; Acceleration; Credit Suspension; Collection Costs. You will be indefault if: (1) you fail to make any payment on time; (2) if you fail to keep anypromises you have made under this Agreement or under other Agreementsyou have with us; (3) if you die; (4) if you file a petition in bankruptcy or have abankruptcy petition filed against you, or if you become involved in anyinsolvency, receivership or custodial proceeding; (5) if anyone attempts totake any of your funds held by us via legal process or if you have a judgmentor tax lien filed against you; (6) if you make any false, inaccurate, ormisleading statements in any credit application or credit update; or (7) if we, ingood faith, believe that your ability to repay what you owe is or soon will beimpaired, or that you are unwilling to make your payments.If you are in default, we have the right to demand immediate payment of yourfull account balance without giving you notice. If immediate payment isdemanded, you agree to continue paying interest charges and fees until whatyou owe has been paid, and any shares that were given as security for youraccount may be applied towards what you owe. You agree to pay allreasonable costs of collection, including court costs and attorney's fees, andany costs incurred in the recovery of the Card, subject to applicable law. Evenif your unpaid balance is less than your credit limit, you will have no creditavailable during any time that any aspect of your account is in default.Suspension of electronic services and access to share or depositaccounts. Subject to applicable law, we may suspend some or all electronicservices and access to your checking or other account(s) if you becomedelinquent on any of your credit card or deposit obligations to us or you causea loss to us. We shall not be liable to you in any regard in connection withsuch suspension of services.Negative Information Notice: We may report information about youraccount to credit bureaus. Late payments, missed payments, or otherdefaults on your account may be reflected in your credit report.Additional Benefits/Card Enhancements. We may from time to time offeradditional services to your Account at no additional cost to you. Youunderstand that we are not obligated to offer such services and may withdrawor change them at any time.Convenience Checks. We may, at our discretion, issue checks to you whichmay be used for any purpose other than making a payment for credit to youraccount. By signing such check, you authorize us to pay the item for theamount indicated and post such amount as a cash advance to your account.We do not have to pay any item which would cause the outstanding balancein your account to exceed your credit limit.Credit Information. We may from time to time request personal informationfrom you or obtain credit reports from the credit reporting agencies for thepurpose of updating your credit status. Your failure to provide such informationwhen requested by us may result in suspension of credit privileges under thisAgreement, including your ability to obtain any future advances by anymeans. You authorize us to investigate your credit standing when opening orreviewing your account. You authorize us to disclose information regardingyour account to credit bureau and creditors who inquire about your creditstanding.Foreign Transactions; Currency Conversion. Purchases and cashadvances made in foreign currencies will be billed to you in U.S. dollars. Theconversion rate in dollars will be a rate selected by the card company from arange of rates available in wholesale currency markets for the applicablecentral processing date, which rate may vary from the rate the card companyitself receives, or the government-mandated rate in effect for the applicablecentral processing date in each instance. All transactions processed outsideof the United States (which may include internet transactions) will be chargeda foreign transaction fee in the amount disclosed on your Truth-in-LendingStatement (as amended from time to time), even if you are located in theUnited States.Termination; Change-in-Terms. We may, by written notice, terminate thisAgreement or account at any time, subject to applicable law. You mayterminate this Agreement or account by written notice. Termination by eitherparty shall not affect your obligation to repay any balance on your accountresulting from use of the Card as well as Interest Charges and fees incurred.We may change the terms of this Agreement, including the method ofcalculating the periodic rate, at any time, by written notice, subject toapplicable law. Use of the Card constitutes agreement and acceptance of anychange in terms, unless applicable law requires otherwise. Our failure toexercise any of our rights or to take any action shall not constitute a waiver ofthose rights, or an amendment or change in any of the terms of thisAgreement.Late or Partial Payments. Any payment that delays the reduction of yourbalance will increase your total interest costs. Partial payments orprepayments will not delay your next scheduled payment - you will still needto make the minimum scheduled payment by the next scheduled due date tokeep your account current. We may accept late payments, partial payments,checks or money orders marked "payment in full" and such action shall notconstitute final settlement of your account or a waiver or forgiveness of anyamounts owing under this Agreement.Enforcement. We do not lose our rights under this or any related agreementif we delay enforcing them. If any provision of this or any related agreement isdetermined to be unenforceable or invalid, all other provisions remain in fullforce and effect.Returns and Adjustments. Merchants and others who honor the Card maygive credit for returns or adjustments, and they will do so by submitting acredit slip which will be posted to your account. If your credits and paymentsexceed what you owe us, the amount will be applied against future purchasesand cash advances. If the credit balance amount is $1 or more, it will berefunded upon your written or verbal request.Plan Merchant Disputes. We are not responsible for the refusal of any planmerchant or financial institution to honor your Card. Also, we are notresponsible for goods or services that you purchase with the Card unless: (a)your purchase was made in response to an advertisement we sent orparticipated in sending you; or (b) your purchase cost more than $50 and wasmade from a plan merchant in your state or within 100 miles of your home;and only if you have made a good faith attempt, but have been unable toobtain satisfaction from the plan merchant. You must resolve all otherdisputes directly with the plan merchant. We do not warrant any merchandiseor services purchased by you with the Card.Statements and Notices. Statements and notices will be mailed to you at themost recent postal address or e-mail address (if you have elected to receivesuch documents via electronic means) you have given us. Notice sent to anyone of you will be considered notice to all.Notification of Address Change. You will notify us promptly if you changeyour address for any reason. In order to prevent identity theft, your identitymay need to be verified before we act upon the notification.Copy Received. You acknowledge that you have received a copy of thisAgreement.Governing Law. This Agreement shall be construed under federal law andstate law in the state in which we are primarily located, and the venue shall belocated in the county and state in which we are primarily located. Operatingregulations of Mastercard may also apply. This Agreement is the contract thatapplies to all transactions even though the sales, cash advance, conveniencecheck, credit or other slips you sign or receive may contain different terms.NOTICE TO UTAH BORROWERS: This written agreement is a finalexpression of the agreement between you and the Credit Union. This writtenagreement may not be contradicted by evidence of any oral agreement.page 2 of 3
9011 LASER FPDF FI19188 Rev 4-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved. YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
page 3 of 31.2.3.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)below.
In your letter, give us the following information:
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, or electronically. You maycall us, but if you do, we are not required to investigate any potential errorsand you may have to pay the amount in question.What Will Happen After We Receive Your LetterWhen we receive your letter, we must do two things: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.����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.If all of the criteria above are met and you are still dissatisfied with thepurchase, contact us in writing, or electronically at the address(es) listedabove.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.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:
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. While we investigate whether or not there has been an error: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.Tower Federal Credit UnionP.O. Box 10452Des Moines, IA 50306-0452Risk_Email@tmg.global
9011 LASER FPDF FI19188 Rev 4-2021 COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory tothese disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other termsand conditions of the consumer credit contract shall remain in full force and effect.The following applies if at the time this loan is made you are an active member of the military or a dependent (as those terms are defined in the MilitaryLending Act (MLA), 10 U.S.C. 987 and its implementing regulations (�MLA�)), and (a) your loan is unsecured or secured by personal property or a vehiclethat you did not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If this loan is a revolvingline of credit or credit card, the MLA ceases to apply at any time during which you are not a member of the military or a dependent (as defined in the MLA).IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:NOTICE:
 Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit.In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums or debt protectionfees; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees forspecified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receivethis notice verbally, please call 301-497-7000 for local calls or if outside the 301 area code call toll-free 1-800-787-8328, 24 hours a day, 7 days a week.1.
This loan will not be secured by a consensual lien on shares or deposits in any of your accounts unless you agree to establish an account in connectionwith this loan (�Secured Account�). Only funds deposited into the Secured Account after the loan is made will secure this loan. Any cross-collateralizationprovision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subjectto the Military Lending Act.However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply thesums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.2.
3.Any reference in this consumer credit contract to the following are hereby inapplicable to your loan: (a) Mandatory arbitration; (b) Any requirement(s) towaive your rights to legal recourse under any applicable state or federal law; (c) Any demands or requirements construed as unreasonable notice fromyou in order to exercise your legal rights; or (d) Prepayment penalties.4.