SRP
1070 Edgefield Road
P.O. Box 6730
North Augusta, SC 29861
FEDERAL CREDIT UNION
(800) 237-9829
IMPORTANT CREDIT CARD DISCLOSURES
The following disclosure represents important details concerning your credit card. The information about costs of the card are
accurate as of
1/01/2011
.
You can contact us toll free at (800) 237-9829 or 1070 Edgefield Road, P.O. Box 6730,
North Augusta, SC 29861 to inquire if any changes occurred since the effective date.
INTEREST RATES and INTEREST CHARGES:
VISA PLATINUM NO
VISA TRAVEL
Annual Percentage Rate (APR)
VISA CASH BACK
VISA CLASSIC
for Purchases, Cash Advances,
FRILLS
REWARDS
& Balance Transfers
6.25% - 14.25%
8.25% - 18.00%
8.25% - 18.00%
depending on your credit
depending on your credit
depending on your credit
13.90%
history. This APR will vary
history. This APR will vary
history. This APR will vary
with the market based on
with the market based on
with the market based on
the Prime Rate.
the Prime Rate.
the Prime Rate.
How to Avoid Paying Interest on
Your due date is at least 21 days after we mail your billing statement. We will not
Purchases
charge you interest on purchases if you pay your entire new purchase balance by the
due date each month.
Minimum Interest Charge
None
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a credit card, visit
Federal Reserve Board
the website of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard
FEES:
Fees to Open or Maintain your
Account
- Annual Fee:
None
- Application Fee:
None
Transaction Fees
- Balance Transfer:
None
- Cash Advance:
None
- Foreign Transaction:
1% of each transaction in U.S. dollars if the transaction involves a currency conversion
1% of each transaction in U.S. dollars if the transaction does not involve a currency
conversion
Penalty Fees
- Late Payment:
Up to $10.00 if your payment is late 15 days or more
- Over-the-Credit Limit:
None
- Returned Payment:
Up to $5.00 if your payment is returned for any reason
- Declined Access Check: -
Up to $22.00 if a convenience check is declined for any reason
Convenience Check Stop
Payment Request:
Up to $22.00 if you stop payment of a convenience check for any reason.
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."
9013 LASER VELOCITY FI14832 8-2010
page 1 of 4
COPYRIGHT 2005 Securian Financial Group, Inc. All rights reserved.
CREDIT CARD AGREEMENT
SRP
1070 Edgefield Road
P.O. Box 6730
North Augusta, SC 29861
(800) 237-9829
FEDERAL CREDIT UNION
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 THOSE
DESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS SRP FEDERAL CREDIT UNION OR ITS SUCCESSORS. "APPLICABLE
LAW"
SHALL
INCLUDE: (I) VISA U.S.A. INC. BYLAWS, VISA U.S.A. INC. OPERATING REGULATIONS, VISA U.S.A. INC. CERTIFICATE OF INCORPORATION, VISA INTERNATIONAL BYLAWS, AND VISA
INTERNATIONAL OPERATING REGULATIONS; AND (II) ANY AND ALL LAWS, TREATIES, RULES, REGULATIONS, OR REGULATORY GUIDANCE OF THE GOVERNMENT OF THE UNITED STATES, ANY
STATE THEREOF, OR OF ANY APPLICABLE FOREIGN GOVERNMENT OR STATE THEREOF, AS THE SAME MAY BE AMENDED AND IN EFFECT FROM TIME TO TIME.
Joint Accounts. Each of you will be responsible, jointly and severally, for the
SECURITY: YOU SPECIFICALLY GRANT US A CONSENSUAL
repayment of amounts owed, regardless of who initiated any transaction
SECURITY INTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS
under the account.
YOU HAVE WITH US NOW AND IN THE FUTURE TO SECURE
REPAYMENT OF CREDIT EXTENDED UNDER THIS AGREEMENT. YOU
Others Using Your Account. If you allow anyone else to use your account,
ALSO AGREE THAT WE HAVE SIMILAR STATUTORY LIEN RIGHTS
you will be liable for all credit extended to such persons. You promise to pay
UNDER STATE AND/OR FEDERAL LAW. THE GRANTING OF THIS
for all purchases and advances made by anyone you authorize to use your
SECURITY INTEREST IS A CONDITION FOR THE ISSUANCE OF
account, whether or not you notify us that he or she will be using it. If
CREDIT UNDER THIS AGREEMENT. IF YOU ARE IN DEFAULT, WE
someone else is authorized to use your account and you want to end that
CAN APPLY YOUR SHARES TO THE AMOUNT YOU OWE. Shares and
person's privilege, you must notify us in writing, and if he or she has a Card,
deposits in an Individual Retirement Account or any other account that
you must return that Card with your written notice for it to be effective.
would lose special tax treatment under state or federal law if given are not
Ownership of Card. Your Card remains our property and may be cancelled
subject to this security interest.
by us at any time without notice. You agree to surrender your Card and to
If you have other loans with us, collateral securing such loans may also
discontinue use of the account immediately upon our request.
secure your obligations under this Agreement, unless that other collateral is
Interest Charges. Average Daily Balance including new transactions:
your principal residence or non-purchase money household goods.
Interest Charges will accrue on your average daily balance outstanding during
the month. To get the average daily balance, we take the beginning balance
each day, add any new purchases, cash advances, balance transfers or other
Using Your Card. You can purchase or lease goods and services from any
advances, and subtract any payments, unpaid interest charges, and unpaid
merchant who honors your Card, and you may obtain cash advances from
late charges. This gives us the daily balance. Then, we add up all the daily
financial institutions and ATM machines that accept the Card, up to your
balances for the billing cycle and divide that by the number of days in the
maximum credit limit. You agree not to present your Card or obtain a cash
billing cycle. We then multiply that by the periodic rate corresponding to the
advance for any extension of credit in excess of your available credit limit;
Annual Percentage Rate on your account. If you have different rates for
however, if you do exceed your credit limit, you agree to make immediate
purchases, cash advances or balance transfers, separate average daily
payment sufficient to bring the balance below the credit limit. Certain
balances for each will be calculated and the appropriate periodic rate is then
purchases and cash advances require authorization prior to completion of the
applied to each.
transaction. In some cases, you may be asked to provide identification. If our
system is not working, we may not be able to authorize a transaction, even
Grace Period on Purchases Only: You can avoid Interest Charges on
though you have sufficient credit available. Also, for security reasons, we may
purchases by paying the full amount of the new balance for purchases each
block the use of your Card in certain countries or geographic areas. We will
month by the date on which the payment is due. Otherwise, the new balance
have no liability to you or others if any of these events occur.
of your account, and subsequent advances from the date they are posted to
the account, will be subject to an Interest Charge. You cannot avoid Interest
Large Payment Amounts; Suspension of Credit Line: To protect you and
Charges on cash advances; even if you pay the entire cash advance balance
us, the Credit Union, in its sole discretion, may place a temporary freeze
by the payment due date, you will incur the Interest Charges accrued from the
on all or part of the credit available to you for new purchases or cash
date the cash advance is posted to your account.
advances under this agreement any time the Credit Union receives a
large payment [$1,000.00] or more, by a method other than cash,
Fees. In addition to the Interest Charges set forth above, you agree to also
certified funds or electronic transfer. In such cases, the Credit Union
pay any and all fees that you incur as disclosed to you on your Truth-in-
may freeze your credit line until payment is actually collected by us.
Lending Statement or similar disclosures (as may be amended from time to
time), or as disclosed to you during the term of your Card.
Personal Identification Number (PIN). We may issue a Personal
Identification Number (PIN) for use with your Card. This PIN is confidential
If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You
and should not be disclosed to anyone. You may use your PIN and your Card
agree to notify us immediately if your Card is ever lost or stolen or if an
to access your account, and all sums advanced will be added to your account
unauthorized use may have occurred. "Unauthorized use" means the use of
balance. In the event a use of your PIN constitutes an Electronic Funds
the Card by someone other than you who does not have actual, implied or
Transfer, the terms and conditions of your Electronic Funds Transfer
apparent authority for such use, and from which you receive no benefit. The
Agreement may affect your rights.
telephone number to call is 991-4964. You agree to follow up your call
with notice in writing to us at: 1070 Edgefield Road, P.O. Box 6730, North
Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,
Augusta, SC 29861. You also agree to assist us in determining the facts,
cash advances, and balance transfers made by you or anyone whom you
circumstances and other pertinent information relating to any loss, theft or
authorize to use the Card; (b) all Interest Charges and all other charges or
possible unauthorized use of your Card and comply with such procedures as
fees; (c) collection costs and attorney's fees as permitted by applicable law,
we may require in connection with our investigation. You will be liable for any
and any costs incurred in the recovery of the Card; and (d) credit in excess of
unauthorized use only if we can prove that you were grossly negligent in your
your credit limit that we may extend to you.
use or handling of your Card, or if we can prove that you used your Card
Illegal Transactions. You agree that your Card and account will not be used
fraudulently.
to make or facilitate any illegal transactions as determined by applicable law;
Minimum Payment Due; Crediting of Payments. Payments are due in the
and that any such use will constitute an event of default under this Agreement.
amount and on the date disclosed on your billing statement. If your payment is
We may decline any transaction that we believe to be illegal under applicable
received by us on a business day at the address and by the time
law, including but not limited to any transaction involving or relating to any
designated on the billing statement, it will be credited to your account on the
gambling activity. You agree that we will have no liability or responsibility for
date of receipt. If payment is made at any location other than the address
any such use by you or any authorized user(s); or for declining any such
designated on the periodic statement, credit for such payment may be
transaction. You further agree to indemnify and hold us harmless from any
delayed up to five (5) days. Payments will be applied in any order we
suits, liability, damages or adverse action of any kind that results directly or
determine, subject to applicable law.
indirectly from such illegal use. You promise to pay us any and all amounts
owing on your Card for any transactions made by you, even if the transaction
is determined to be illegal.
9011 LASER VELOCITY FI14837 8-2010
page 2 of 4
COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
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 THOSE
DESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS SRP FEDERAL CREDIT UNION OR ITS SUCCESSORS.
"APPLICABLE
LAW"
SHALL
INCLUDE: (I) VISA U.S.A. INC. BYLAWS, VISA U.S.A. INC. OPERATING REGULATIONS, VISA U.S.A. INC. CERTIFICATE OF INCORPORATION, VISA INTERNATIONAL
BYLAWS,
AND
VISA
INTERNATIONAL OPERATING REGULATIONS; AND (II) ANY AND ALL LAWS, TREATIES, RULES, REGULATIONS, OR REGULATORY GUIDANCE OF THE GOVERNMENT OF THE UNITED STATES, ANY
STATE THEREOF, OR OF ANY APPLICABLE FOREIGN GOVERNMENT OR STATE THEREOF, AS THE SAME MAY BE AMENDED AND IN EFFECT FROM TIME TO TIME.
Default; Acceleration; Credit Suspension; Collection Costs. You will be in
Late or Partial Payments. Any payment that delays the reduction of your
default if: (1) you fail to make any payment on time; (2) if you fail to keep any
balance will increase your total interest costs. Partial payments or
promises you have made under this Agreement or under other Agreements
prepayments will not delay your next scheduled payment you will still need to
you have with us; (3) if you die; (4) if you file a petition in bankruptcy or have a
make the minimum scheduled payment by the next scheduled due date to
bankruptcy petition filed against you, or if you become involved in any
keep your account current. We may accept late payments, partial payments,
insolvency, receivership or custodial proceeding; (5) if anyone attempts to
checks or money orders marked "payment in full" and such action shall not
take any of your funds held by us via legal process or if you have a judgment
constitute final settlement of your account or a waiver or forgiveness of any
or tax lien filed against you; (6) if you make any false, inaccurate, or
amounts owing under this Agreement.
misleading statements in any credit application or credit update; or (7) if we, in
Enforcement. We do not lose our rights under this or any related agreement if
good faith, believe that your ability to repay what you owe is or soon will be
we delay enforcing them. If any provision of this or any related agreement is
impaired, or that you are unwilling to make your payments.
determined to be unenforceable or invalid, all other provisions remain in full
If
you are in default, we have the right to demand immediate payment of your
force and effect.
full account balance without giving you notice. If immediate payment is
Returns and Adjustments. Merchants and others who honor the Card may
demanded, you agree to continue paying interest charges and fees until what
give credit for returns or adjustments, and they will do so by submitting a
you owe has been paid, and any shares that were given as security for your
credit slip which will be posted to your account. If your credits and payments
account may be applied towards what you owe. You agree to pay
all
exceed what you owe us, the amount will be applied against future purchases
reasonable costs of collection, including court costs and attorney's fees, and
and cash advances. If the credit balance amount is $1 or more, it will be
any costs incurred in the recovery of the Card, subject to applicable law. Even
refunded upon your written or verbal request.
if your unpaid balance is less than your credit limit, you will have no credit
Plan Merchant Disputes. We are not responsible for the refusal of any plan
available during any time that any aspect of your account is in default.
merchant or financial institution to honor your Card. Also, we are not
Additional Benefits/Card Enhancements. We may from time to time offer
responsible for goods or services that you purchase with the Card unless: (a)
additional services to your Account at no additional cost to you. You
your purchase was made in response to an advertisement we sent or
understand that we are not obligated to offer such services and may withdraw
participated in sending you; or (b) your purchase cost more than $50 and was
or change them at any time.
made from a plan merchant in your state or within 100 miles of your home;
Convenience Checks. We may, at our discretion, issue checks to you which
and only if you have made a good faith attempt, but have been unable to
may be used for any purpose other than making a payment for credit to your
obtain satisfaction from the plan merchant. You must resolve all other
account. By signing such check, you authorize us to pay the item for the
disputes directly with the plan merchant. We do not warrant any merchandise
amount indicated and post such amount as a cash advance to your account.
or services purchased by you with the Card.
We do not have to pay any item which would cause the outstanding balance in
Money Transfer Services. If you receive any transmittal amount from any
your account to exceed your credit limit.
Money Transfer Service (MTS) provider you agree not to receive more than
Credit Information. We may from time to time request personal information
$2,500.00 per day or more than $10,000.00 per month. We may increase or
from you or obtain credit reports from the credit reporting agencies for the
decrease these limits from time to time in our sole discretion. We reserve the
purpose of updating your credit status. Your failure to provide such information
right to accept or reject any MTS request in our sole discretion. Each
when requested by us may result in suspension of credit privileges under this
transmittal amount that is sent to your Card will generally be posted to your
Agreement, including your ability to obtain any future advances by any
Card within two (2) Business Days after we receive the Transmittal Amount
means. You authorize us to investigate your credit standing when opening or
from the Sender.
reviewing your account. You authorize us to disclose information regarding
Fees for MTSs. Once we begin charging fees we will normally deduct fees
your account to credit bureau and creditors who inquire about your credit
and charges automatically from your Card balance at the time a fee or charge is
standing.
incurred for MTSs sent or received.
Foreign Transactions; Currency Conversion. Purchases and cash
Statements and Notices. Statements and notices will be mailed to you at the
advances made in foreign currencies will be billed to you in U.S. dollars. The
most recent postal address or e-mail address (if you have elected to receive
conversion rate in dollars will be a rate selected by the card company from a
such documents via electronic means) you have given us. Notice sent to any
range of rates available in wholesale currency markets for the applicable
one of you will be considered notice to all.
central processing date, which rate may vary from the rate the card company
Notification of Address Change. You will notify us promptly if you change
itself receives, or the government-mandated rate in effect for the applicable
your address for any reason. In order to prevent identity theft, your identity
central processing date in each instance. All transactions processed outside of
may need to be verified before we act upon the notification.
the United States (which may include internet transactions) will be charged a
foreign transaction fee in the amount disclosed on your Truth-in-Lending
Copy Received. You acknowledge that you have received a copy of this
Statement (as amended from time to time).
Agreement.
Termination; Change-in-Terms. We may, by written notice, terminate this
Governing Law. This Agreement shall be construed under federal law and
Agreement at any time, subject to applicable law. You may terminate this
state law in the state in which we are primarily located, and the venue shall be
Agreement by written notice. Termination by either party shall not affect your
located in the county and state in which we are primarily located. Operating
obligation to repay any payments made for your account resulting from use of
regulations of Visa may also apply. This Agreement is the contract that applies
the Card as well as Interest Charges and fees incurred. We may change the
to all transactions even though the sales, cash advance, convenience check,
terms of this Agreement, including the method of calculating the periodic rate,
credit or other slips you sign or receive may contain different terms.
at any time, by written notice, subject to applicable law. Use of the Card
constitutes agreement and acceptance of any change in terms, unless
applicable law requires otherwise. Our failure to exercise any of our rights or to
take any action shall not constitute a waiver of those rights, or an
amendment or change in any of the terms of this Agreement.
page 3 of 4
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
This notice tells you about your rights and our responsibilities under the
After we finish our investigation, one of two things will happen:
Fair Credit Billing Act.
If we made a mistake: You will not have to pay the amount in question or
What To Do If You Find A Mistake On Your Statement
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
If you think there is an error on your statement, write to us at the address(es)
in question, along with applicable interest and fees. We will send you a
listed on your statement.
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
In your letter, give us the following information:
owe.
1. Your name and account number.
2. The dollar amount of the suspected error.
If you receive our explanation but still believe your bill is wrong, you must write
3. If you think there is an error on your bill, describe what you believe is
to us within 10 days telling us that you still refuse to pay. If you do so, we
wrong and why you believe it is a mistake.
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
You must contact us:
reported you as delinquent, and we must let those organizations know when
Within 60 days after the error appeared on your statement.
the matter has been settled between us.
At least 3 business days before an automated payment is scheduled, if
you want to stop payment on the amount you think is wrong.
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.
You must notify us of any potential errors in writing. You may call us, but if you
do, we are not required to investigate any potential errors and you may have to
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
pay the amount in question.
If you are dissatisfied with the goods or services that you have purchased with
What Will Happen After We Receive Your Letter
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
When we receive your letter, we must do two things:
the purchase.
1. Within 30 days of receiving your letter, we must tell you that we received
To use this right, all of the following must be true:
your letter. We will also tell you if we have already corrected the error.
1. The purchase must have been made in your home state or within 100
2. Within 90 days of receiving your letter, we must either correct the error or
miles of your current mailing address, and the purchase price must have
explain to you why we believe the bill is correct.
been more than $50. (Note: Neither of these are necessary if your
While we investigate whether or not there has been an error:
purchase was based on an advertisement we mailed to you, or if we own
We cannot try to collect the amount in question, or report you as
the company that sold you the goods or services.)
delinquent on that amount.
2. You must have used your credit card for the purchase. Purchases made
The charge in question may remain on your statement, and we may
with cash advances from an ATM or with a check that accesses your
continue to charge you interest on that amount.
credit card account do not qualify.
While you do not have to pay the amount in question, you are responsible
3. You must not yet have fully paid for the purchase.
for the remainder of your balance.
If all of the criteria above are met and you are still dissatisfied with the
We can apply any unpaid amount against your credit limit.
purchase, contact us in writing at the address(es) 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.
page 4 of 4