PO Box 727 Goshen, IN 46527

Classic Credit Card
Agreement & Disclosure

NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION REGARDING YOUR RIGHTS TO DISPUTE BILLING ERRORS

In this Agreement the words “you” and “your” mean each and all those who apply for the Card; “Card” means the MasterCard credit card
and any duplicates, renewals or substitutions the Credit Union issues to you; “Account” means your MasterCard credit account with the
Credit Union, and “Credit Union” means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union
transfers this Agreement. “We, “ “Us,” and “Ours” means this Credit Union. By applying for or using your credit card, you have agreed to
the following provisions, as amended from time to time.

responsible 

1.  Responsibility.
If  we  issue  you  a  Card,  you  agree  to  repay  all  debts 
and the FINANCE CHARGE arising from the use of the Card and the Card account.
For  example,  you  are 
for  charges  made  by  yourself, 
your  spouse  and  minor  children.  You  are  also  responsible  for  charges  made 
by anyone else to whom you give the Card, and this responsibility continues until
the Card is recovered. You cannot disclaim responsibility by notifying us, but we will
close the account for new transactions if you so request and return all Cards. Your
obligation  to  pay  the  account  balance  continues  even  though  an  agreement,
divorce decree or other court judgment to which we are not a party may direct you
or one of the other persons responsible to pay the account. Any person using the
Card is jointly and severally liable with you for the charges he or she makes, but if
that person signs the Card he or she becomes a party to this Agreement and is also
jointly responsible for all charges on the account, including yours. The Credit Union
reserves  the  right  to  change  the  periodic  rate(s)  or  otherwise  amend  this
Agreement  in  accordance  with  fee  schedules  adopted  by  the  Credit  Union  from
time to time.
2. Lost Card Notification. If you believe the Card has been lost or stolen, you must
immediately call the Credit Card Center at 800-449-7728.
3. Your Responsibility and Liability for Unauthorized Use. You will have no lia-
bility for unauthorized purchases made with your Credit Card. You may be liable for
unauthorized use for cash advances at ATMs (Automatic Teller Machines) where
as your liability shall not exceed the lessor of $50.00 or the amount of the unautho-
rized use. If your Card is lost, stolen or if you are afraid someone used or may use
your Card without your permission, you must notify the Credit Card Center at 800-
449-7728. If notice is given orally you will promptly confirm it in writing. The Credit
Union may require you to provide us certain information in writing to help us inves-
tigate any unauthorized uses. Further, you agree to cooperate and assist us or any
government or law enforcement agent or agency in investigating, collecting or pur-
suing any other rights (civil and criminal) relating to any unauthorized use. In this
regard, you agree to file an appropriate police report when asked to do so.
4. Credit Line. If we approve your application, we will establish a self replenishing
Line  of  Credit  for  you  and  notify  you  of  its  amount  when  we  issue  the  Card.  You
agree not to let the account balance exceed this approved Credit Line. If such credit
limit is exceeded, the entire balance of your account or the amount over the credit
limit  may,  at  the  Credit  Union’s  option,  become  immediately  due  and  payable  on
demand. Each payment you make on the account will restore your Credit Line by the
amount  of  the  payment  which  is  applied  to  the  principal.  You  may  request  an
increase  in  your  Credit  Line  only  by  written  application  to  us,  which  must  be
approved by our credit committee or loan officer. We may reduce your Credit Line
from  time  to  time,  or  with  good  cause,  revoke  your  card  and  terminate  this
Agreement. Good cause includes, but is not limited to, your failure to comply with
this Agreement, or our adverse reevaluation of your creditworthiness. You may also
terminate this Agreement at any time by providing us written notice, but termination
by either of us does not affect your obligation to pay the account balance. The Card
remains our property and you must recover and surrender to us all Cards upon our
request and upon termination of this Agreement.
5. Credit Information. You authorize us to investigate your credit standing when
opening,  renewing  or  reviewing  your  account,  and  you  authorize  us  to  disclose
information  regarding  your  account  to  credit  bureaus  and  other  creditors  who
inquire of us about your credit standing.
6. Monthly Payment. We will mail or electronically send you a statement in any
month in which the Card has a debit or credit balance in excess of $1.00. Every
month you must pay at least the Minimum Payment within 25 days of your state-
ment  closing  date.  You  may,  of  course,  pay  more  frequently,  pay  more  than  the
Minimum Payment, or pay the Total New Balance in full, and you will reduce the
FINANCE CHARGE by doing so. The Minimum Payment will be either (a) 2% of
your  Total  New  Balance,  or  $25.00,  whichever  is  greater,  or  (b)  your  Total  New
Balance  if  it  is  less  than  $25.00  plus  (c)  any  portion  of  the  Minimum  Payment(s)
shown  on  prior  statement(s)  which  remains  unpaid.  In  addition,  at  any  time  your
Total New Balance exceeds your Credit Line, you must immediately pay the excess
upon demand. We will apply your minimum payments first to any fees; then to any
credit  insurance  charges;  then  to  any  FINANCE CHARGES;  then  to  previously
billed  cash  advances;  then  to  previously  billed  purchases;  then  to  new  cash
advances;  and  then  to  new  purchases.    Payment  amounts  over  or  above  the
required minimum monthly payment, will be applied to the balances with the highest
annual percentage rate.
7
Variable  (APR)  may  change  when
the Prime Rate changes. The interest rate margin is between 8.65% and 16.65%;
the margin is added to the Prime Rate to determine the APR. As of October 1, 2015
the  APR  for  Purchase  transactions  was  between  11.90%  and  19.90%.  The  daily
periodic rate is determined by taking the APR and dividing it by 365. The interest
rate margin is determined based on most recent credit information; subject to be
reassessed every 6 months.
8.  Finance  Charges. There  is  no  FINANCE  CHARGE  on  purchases  if  the  New
Balance is paid in full by the due date on the statement on which these purchases
first appear. If not so paid, the New Balance of Purchases, and subsequent pur-
chases from the date they are posted to your account,  will be subject to FINANCE
CHARGE. Cash advances are always subject to FINANCE CHARGE from the date
they  are  posted  to  your  account.  The  principal  balances  of  purchases  and  cash
advances are determined each day during the statement period, beginning with the
principal portion of your Previous Balances, reduced by payments you make and
credits we apply, and increased by purchases and cash advances you make and
debit  adjustments  we  make  during  the  statement  period.  The  daily  principal  bal-
ances are totaled, and divided by the number of days in the statement period, to
produce  separate  average  daily  principal  balances  for  purchases  and  cash
advances to which the periodic rate is then applied. 
9. Default. You will be in default if: (a) you fail to pay the Minimum Payment by the
Payment Due Date; (b) the Credit Union, in its sole discretion, feels insecure (for
example: Our good faith belief that your ability to pay your account is impaired; use

.  Variable Annual  Percentage  Rate  (APR).

of your account in any manner or in any way that may expose the Credit Union to
a risk of loss; etc.); (c) your ability to repay is materially reduced by a change in your
employment, by an increase in your obligations, by bankruptcy or insolvency pro-
ceedings invoIving you, by your death; (d) you exceed your credit limit without our
permission; (e) you have made a false or misleading statement to us in your appli-
cation or otherwise; (f) you are in default under any other Agreement with us; (g) if
you use or authorize the use of any Cards to make or facilitate any illegal transac-
tion; or (h) you fail to perform any of your other obligations under the terms of this
Agreement as it may be amended from time to time. In the event of your default,
your account balance and interest accrued shall be immediately due and payable
without notice or demand. We shall be entitled to pursue all remedies under Indiana
law and you agree that the venue of any lawsuit arising out of this Agreement shall
be  any  of  the  Superior  Courts  of  Elkhart  County,  Indiana.  In  the  event  of  your
default, you shall also be liable for our costs of collection and attorney fees. In the
event of your default, we shall be entitled to the immediate possession of the Card
without notice or demand. You agree that the law of the state of Indiana shall apply
to this Agreement and any legal proceedings brought to enforce any term or provi-
sion of this Agreement.
10. Using the Card. To make a purchase or cash advance, there are two alterna-
tive procedures to be followed. One is for you to present the Card to a participating
MasterCard plan  merchant,  to  us  or  another  financial  institution,  and,  if  required,
sign  a  sale  or  cash  advance  draft;  or  you  may  also  make  purchases  or  cash
advances by telephone, mail, or other electronic devices. You authorize us to honor
any  purchase  or  cash  advance  you  make  by  telephone,  mail,  or  other  electronic
devices. on this account. You agree that a signature is not necessary as identifica-
tion in such cases. The other is to complete the transaction by using your personal
identification  number  (PIN)  in  conjunction  with  the  Card  in  an  automated  teller
machine or other type of electronic terminal that provides access to the MasterCard
system. The personal identification number must be protected by you and will not
be carried with your MasterCard card at any time. The monthly statement will iden-
tify  the  merchant,  electronic  terminal  or  financial  institution  at  which  transactions
were made, but sales, cash advance, credit or other slips cannot be returned with
the  statement.  You  will  retain  the  copy  of  such  slips  furnished  at  the  time  of  the
transaction in order to verify the monthly statement. The Credit Union may make a
reasonable charge for photocopies of slips you request.
11.  Returns  Adjustments. Merchants  and  others  who  honor  the  Card  may  give
credit  for  returns  or  adjustments,  and  they  will  do  so  by  sending  us  a  credit  slip
which we will post to your account. If your credits and payments exceed what you
owe  us,  we  will  hold  and  apply  this  credit  balance  against  future  purchases  and
cash advances, or if it is $1.00 or more, refund it on your written request or auto-
matically after 6 months. 
12.  Foreign  Transactions. CURRENCY  CONVERSION  FEE:  If  you  effect  or
authorize a transaction with your access device in a currency other than US Dollars,
MasterCard will convert the charge into a US Dollar amount. The MasterCard cur-
rency  conversion  procedure  includes  use  of  either  a  government-mandated
exchange rate, or a wholesale exchange rate selected by MasterCard, as applica-
ble.  The  exchange  rate  MasterCard uses  will  be  a  rate  in  effect  on  the  day  the
transaction is processed. This rate may differ from the rate in effect on the date of
the purchase or the date the transaction was posted to your account. A Currency
Conversion Fee of up to 1% will be applied to transactions that are converted from
foreign currencies to U.S. dollars. CROSS-BORDER TRANSACTION FEE: In addi-
tion, MasterCard charges us a Cross-Border Assessment up to 1% on each trans-
action  on  all  cross-border  transactions  regardless  of  whether  there  is  a  currency
conversion. For purposes of this Section, "cross-border transaction" shall include
both (a) transactions initiated in a foreign country which are subsequently settled in
the United States, and (b) transactions initiated in the United States but which are
ultimately  settled  in  a  country  outside  of  the  United  States.  The  Credit  Union  will
assess these fees to you to reimburse it for the fee it is required to pay for each of
your transactions subject to these terms. The Cross-Border Transaction Fee will be
shown separately on your periodic billing statement. The Currency Conversion Fee,
if it applies to the transaction, will be included in the transaction amount posted on
your statement.
13.  Credit  Union’s  Liability. We  are  not  responsible  for  the  refusal  of  any  plan
merchant or financial institution to honor your Card, you agree to settle all disputes
arising from purchase directly with the merchant who honored the Card, and except
as provided by the fair credit billing act to pay the Credit Union all amounts shown
on the statement in spite of such disputes. If our system is not working, we may not
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 geographic areas.  We will have no liability to you or others if any of these events
occur.
14. Security Interest. You hereby grant to us a security interest in the goods pur-
chased by the card which shall serve as collateral security for the performance by you
of  your  obligations  under  this  Agreement,  including  your  obligation  to  make  any
Minimum Payment by the due date. In the event of your default as described in para-
graph  #8  above,  we  shall  be  entitled  to  all  the  remedies  of  a  secured  party  under
Indiana law, including the right to take possession of the collateral security. You agree
that we are authorized to file whatever documents are necessary to perfect our secu-
rity interest, including without limitation financing statements.
15. Effect of Agreement. This Agreement is the contract which applies to all trans-
actions on your account even though the sales, cash advance, credit or other slips
you  sign  or  receive  may  contain  different  terms.  We  may  amend  this  Agreement
from time to time by sending you the advance written notice required by law. If you
do not want to accept the changes or amendments, you can choose not to accept
the changes in the notice by cancelling your credit card account.  To cancel your
credit card account you must do so by a written letter advising us that you do not
want to accept the changes.  Send the letter to:  Interra Credit Union, P.O. Box 727,
Goshen, IN 46527.  If you choose not to accept any changes or amendments:  You
will still be responsible for any outstanding balances on your credit card account;

Your  credit  card  account  will  no  longer  be  available  for  any  use  or  activity;  Any
reward points you have earned will be forfeited.
16. Annual Fee. None.
17. Other Fees.

    • Late payment fee of $18.50 if the minimum payment due is not paid in full

within 10 days after the due date.

    • Cash advance fee shall be a 2% charge of the amount advanced.
    • ATM withdrawals are subject to a 2% charge of the withdrawal amount.
    • Balance transfers will be imposed a 2% fee. 
    • Card center phone payment fee $5.00.
    • Returned payment or Insufficient funds fee - We will charge your account a
$5.00 fee if your payment by any method, including check, electronic transfer,
home banking transaction or otherwise, is not honored, collected by us, or if
we must return it to you because if cannot be processed for any reason.
18. Moving. The Credit Union may revoke your card and terminate this Agreement
if you relocate to another state. We can revoke your Card if you move to a state
where the Credit Union must be registered.
19. Change of Address. You shall notify the Credit Union in writing if there is an
address change. If we were not notified you could be liable for any unauthorized
use. You also understand that the Credit Union cannot be responsible for timeless-
ness of any mail system.
20. Non-Use. The Credit Union may revoke your Card and terminate this Agreement if
there has been no activity on the account for at least 12 consecutive months.
21. No Waiver. The Credit Union can delay enforcing any of its rights any number
of times without losing them.
22. Using the Account. You understand that any of you Individually may increase
the credit line (provided you qualify and the Credit Union approves the increase),
reduce the credit line, or terminate the Agreement as to future loans by notifying
the  Credit  Union  in  writing.  Increases  in  the  credit  line  shall  take  effect  upon
approval by the Credit Union. Reductions in the credit line and terminations of the
Agreement as to future loans shall take effect on the next business day after the
written notice is delivered by any of you to the loan department at the Credit Union.
Termination of the Agreement shall not affect the rights of the Credit Union or the
obligations of the Member and any joint owners with respect to obligations in exis-
tence at the time of termination. Each of the undersigned applicants certifies under
the pains and penalties of perjury that he/she is at least eighteen (18) years of age,
has read the foregoing Agreement, and jointly and severally agrees to abide by the
foregoing terms and provisions.
23.  Illegal  Transactions. You  warrant  and  agree  that  your  Credit  Card,  other
access device or any related account will not be used to make or facilitate any ille-
gal transaction(s) as determined by applicable law; and that any such use, includ-
ing  any  such  authorized  use,  will  constitute  an  event  of  default  under  this
Agreement. The Credit Union may decline to accept, process or pay any transac-
tion that we believe to be illegal or unenforceable (regarding your obligation to pay
us) under applicable law, including but not limited to any transaction involving or
relating  to  any  gambling  activity.  Certain  federal  and/or  state  laws  such  as  the
Unlawful  Internet  Gambling  Enforcement  Act  or  Third  Party  Service  Providers’
Rules may limit or prohibit certain transactions such as (but not limited to) those
coded as possible gambling transactions.  Such prohibition or limitations may affect
some otherwise proper or allowable transactions such as debits, charges or other
transactions at or relating to a hotel-casino.  You understand and agree such limi-
tations are not within the Credit Union’s control and that the Credit Union will not
have  any  liability. You  agree  that  the  Credit  Union  will  not  have  any  liability,
responsibility or culpability whatsoever for any such use by you; or for declining to
accept, process or pay any such transaction. You further agree to indemnify and
hold the Credit Union harmless from any suits, liability, damages or adverse action
of any kind that results directly or indirectly from such illegal use.
24.  Delay  in  Enforcement/Waivers. The  Credit  Union  may  delay  or  waive
enforcement of any of the provisions of this Agreement, including any agreements

to make timely payments, without losing its right to receive notice of any waiver or
delay or presentment, demand, protest or dishonor. You also waive any applicable
statute of limitations to the full extent permitted by law and any right you may oth-
erwise  have  to  require  the  Credit  Union  to  proceed  against  any  person  before
suing you to collect.
25. Governing Law/Severability. This Agreement shall be governed by and con-
strued in accordance with the laws of Indiana. In the event any one or more of the
provisions of this Agreement will for any reason is held to be invalid, illegal or unen-
forceable, the remaining provisions will remain valid and enforceable.
26. Electronic Communications. You agree that we have no obligation, liability
or responsibility to respond, act upon, or follow any instruction to us that is received
electronically, by e-mail or otherwise, unless we are able to authenticate the com-
munication to our satisfaction. You further acknowledge and agree that the Internet
is  inherently  insecure;  and  agree  that  we  have  no  liability  for  any  loss,  claim  or
damages that arises or in anyway relates to our response(s) to any e-mail or other
electronic communication which we believe you have submitted to us.
27. Cash Advances. The Credit Union will charge a cash advance fee when you
access the cash credit line on your credit card account through an ATM, conven-
ience check or at a bank's teller window. The fee charged will be a percentage of
the  amount  withdrawn  or  advances.  Finance  charges  typically  accrue  from  the
date of the advance, without the grace period normally present with purchases.
28. Balance Consolidation. The credit union will charge a balance consolidation
fee when you choose to transfer outstanding balances from an existing third party
credit card, to your Interra Credit Card.  The fee charged will be a percentage of the
total balance transfer, without the grace period normally present with purchases.
29. ATM Transactions. Withdrawals at ATM machines may be made using your
Credit Card and personal identification number. Cash withdrawals may not exceed
$300.00 per transaction and $500.00 per calendar day. Except as otherwise pro-
vided in this Agreement, advances through ATM access will be treated as a Cash
Advance under this Agreement. Owners of ATM’s that we do not own may charge
fees in addition to any fees described in this Agreement. This is not a fee charged
by your Credit Union; however, any such fee will be added to your card account.
The  party  charging  the  fee  is  required  to  provide  appropriate  disclosures  to  you
with regard to any such fees.
30. Skip Payment Option. At our option, we may offer you the opportunity to not
make  (“skip”)  a  minimum  payment  during  certain  designated  billing  cycles  (“skip
payment period”). If you do not make your minimum payments as provided in this
Agreement, during such designated billing cycles, you understand that we will con-
tinue to apply finance charges to the account. Beginning with the billing cycle fol-
lowing  an  allowed  skip  payment  period,  all  other  provisions  of  this  Agreement
apply.  We have no obligation to accept your application for any skip payment peri-
od offered.
31. Insurance. If you elect any type of insurance or debt protection offered by the
Credit Union, then the charges will be added to your account balance on each billing
cycle. Any type of insurance or debt protection offered by the Credit Union is volun-
tary and is not required to obtain a credit card account with us. You have the right
to terminate any type of insurance or debt protection offered by the Credit Union at
any time by notifying us in writing.
32. Rewards, Incentives, Promotions. The Credit Union reserves the right to ter-
minate the programs or portions thereof at any time without restriction or penalty.
This  means  that  regardless  of  your  level  of  activity  in  the  program,  the  ability  to
accumulate points or claim rewards can be terminated with or without prior notice.
The redemption value of points already accumulated, may be changed at any time
without  notice  and  without  restriction  or  penalty.  The  Credit  Union  also  reserves
the  right  to  cancel  any  cardholders  prior  earned  points,  rewards,  cash/merchan-
dise back or any other item of value if you are in default as stated in paragraph
eight (8). Awards are not available when a cardholder is in default under the credit
card  agreement.  Any  points  or  awards  are  earned  only  with  purchases,  cash
advance transactions are not eligible towards earning points or any award/reward.

YOUR BILLING RIGHTS
KEEP THIS FOR FUTURE USE
This notice contains important information about your rights
and our responsibilities under the Fair Credit Billing Act.

Notify Us In Case of Errors or Questions About Your Bill
If you think your bill is wrong, or if you need more information about a transaction
on your bill, write us on a separate sheet at the address listed on your bill. Write to
us as soon as possible. We must hear from you no later than 60 days after we sent
you the first bill on which the error or problem appeared. You can telephone us, but
doing so will not preserve your rights.

In your letter, give us the following information:

 • Your name and account number. 
 • The dollar amount of the suspected error.
 • Describe the error and explain, if you can, why you believe there is an error. If

you need more information, describe the item you are not sure about.

If you have authorized us to pay your credit card bill automatically from your sav-
ings or checking account, you can stop the payment on any amount you think is
wrong. To stop the payment your letter must reach us three business days before
the automatic payment is scheduled to occur.

Your Rights and Our Responsibilities After We Receive Your Written Notice

We  must  acknowledge  your  letter  within  30  days,  unless  we  have  corrected  the
error by then. Within 90 days, we must either correct the error or explain why we
believe the bill was correct.

After  we  receive  your  letter,  we  cannot  try  to  collect  any  amount  you  question, 
or report that amount as delinquent. We can continue to bill you for the amount you
question, including finance charges, and we can apply any unpaid amount against
your credit limit. You do not have to pay any questioned  amount while we are inves-
tigating, but you are still obligated to pay the parts of your bill that are not in question.

If we find that we made an error on your bill, you will not have to pay any finance

charges related to any questioned amount. If we did not make an error, you may
have to pay finance charges, and you will have to make up any missed payments
on  the  questioned  amount.  In  either  case,  we  will  send  you  a  statement,  the
amount you owe and the date that it is due.

If you fail to pay the amount that we think you owe, we may report you as delin-
quent. However, if our explanation does not satisfy you and you write us within ten
days telling us that you still refuse to pay, we must tell anyone we report you to that
you have a question about your bill. And, we must tell you the name of anyone we
reported you to. We must tell anyone we report you to that the matter has been set-
tled between us when it finally is.

If we do not follow these rules, we  can’t  collect the first $50.00 of the 
questioned amount, even if your bill is correct.

Special Rule for Credit Card Purchases

If you have a problem with the quality of property or services that you purchased
with a 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
property or services. There are two limitations to this right:
(a) You must have made the purchase in your home state or, if not, within 100 miles
of your current mailing address; and (b) The purchase price must have been more
than $50.00.

These limitations do not apply if we own or operate the merchant, or we mailed you
the advertisement for the property or services.

PRICING INFORMATION
KEEP THIS FOR FUTURE USE

Interest Rates and Interest Charges

Annual Percentage Rate (APR)
for purchases

APR for balance transfers

As low as 11.90% This APR will vary with the market based on the Prime Rate.
As low as 11.90% This APR will vary with the market based on the Prime Rate.

APR for cash advances

As low as 11.90% This APR will vary with the market based on the Prime Rate.

Paying interest

Your due date is at least 25-days after the close of each billing cycle.  We will not
charge you any interest on purchases if you pay your entire balance by the due date
each month.  We will begin charging interest on cash advances and balance transfers
on the transaction date.

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau

To learn more about factors to consider when applying for or using a credit card, 
visit the website of the Consumer Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore.

Fees

Set up and maintenance fees

None

Transaction fees:

Foreign transactions

Up to 1% of each transaction in U.S. dollars

Cash Advance
ATM Transactions
Balance Transfer

Penalty fees:          
Late payment
Returned payment

2%
2%
2%

$18.50
$5.00

How we will calculate your balance: We will use a method called “average daily 
balance (including new purchases”).  See your account agreement for more details.

Billing rights: Information on your rights to dispute transactions and how to exercise
those rights is provided in your account agreement.

The information about the costs of the card described in this application is 
accurate as of 09.01.15. This information may have changed after that date.  
To find out what may have changed, call 574.534.2506 or visit interracu.com, or
write Interra Credit Union, PO Box 727, Goshen, IN 46527.

Interra Credit Union
300 West Lincoln Avenue • Goshen, IN  46526
PO Box 727 • Goshen, IN  46527-0727
574.534.2506 or 888.432.2848

09/15