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These coverages and descriptions supersede any coverages and descriptions you may have received earlier.
Please read and retain for your records.

Visa® Credit Card Agreement 
and Federal Truth-in-Lending Disclosure

Effective 12/01/10. For questions about your balance, call the customer service number on your Visa statement.

In this Agreement and Disclosure Statement, the words ”I,” 
“me,” “my” and “mine” mean each and all of those who apply 
for or use the Schools Financial Credit Union Visa Credit Card 
and/or Visa account. “Credit Union,” “you,” “your” and “yours” 
mean Schools Financial Credit Union. “Card” means the Visa 
Credit Card issued to me and any duplicates and/or renewals 
you may issue. “Account” means my Visa Credit Card account 
with you. 

By requesting and receiving, signing, using or permitting 
others to use the Card and/or Account issued to me by you, 
I agree to be bound by the terms and conditions as set forth 
herein and any amendments thereto. 

NOTICE: THIS DOCUMENT CONTAINS PROVISIONS FOR A 
VARIABLE ANNUAL PERCENTAGE (INTEREST) RATE.

PAYMENT: I promise to pay you or to your order in lawful 
money of the United States at your office or at the address 
set forth on my periodic statement all sums advanced to me 
or any person I permit to use this Account on the terms and 
at the rates set forth herein. Payments will continue until I 
have paid in full the unpaid balance, FINANCE CHARGES, all 
collection-related charges and any other fees and charges.

CHANGE OF TERMS: Account and agreement terms are not 
guaranteed for any period of time. I understand and agree 
that you may amend, modify, add to or delete from this 
Agreement and Disclosure Statement any of its terms and 
conditions, including financial terms such as the method 
of application and the amount of any FINANCE CHARGE, 
ANNUAL PERCENTAGE RATE, monthly periodic rate and/or fee 
in accordance with applicable laws, by mailing a notice of the 
change to me at my last known address. I also understand 
that in the event of a significant change, as defined under 
the Federal Truth-in-Lending Act, any such notice will be 
mailed at least forty-five (45) days prior to the effective date 
of the significant change as required by applicable law. I will 
have the right to reject significant changes to this Agreement 
and Disclosure Statement prior to the effective date of such 
changes, unless I fail to make a required minimum payment 
within sixty (60) days after its due date. If I reject any such 
significant change, you reserve the right to close my Account 
and require me to repay the Account Balance at terms no 
less favorable to me than your choice of the following: (1) in 
accordance with the terms of this Agreement and Disclosure 
Statement in effect as of the date I notify you of my rejection; 
(2) by recalculating my Minimum Monthly Payment based 
on a five (5) year amortization of my Account Balance from 
the date I notify you of my rejection; (3) by recalculating my 
Monthly Minimum Payment based on a percentage of the 
Account Balance that is no more than twice the percentage 
required on the date I notify you of my rejection. Regardless 
of whether I reject the significant changes, the new terms will 
apply to any transactions that occur more than fourteen (14) 
days after you provide notice of the change in terms to me. 
You may change the terms of this Agreement and Disclosure 
Statement based on information in my credit report, market 
conditions, business strategy or for any other reason. Notice 
of a change in terms is required, but may be sent as late as 
the effective date of the change where the change has been 
agreed to in writing, by me.

FINANCE CHARGES: The FINANCE CHARGE for a billing 
cycle will be the sum of three (3) components set forth 
below. I understand and agree that under the “Change in 
Terms” section above, you have the right in your sole and 

absolute discretion to change the amount of any ANNUAL 
PERCENTAGE RATE, Monthly Periodic Rate and/or FINANCE 
CHARGE that may apply to my Account.

1. CASH ADVANCE FEE: One (1) component of the 
FINANCE CHARGE is the Cash Advance Fee of 2% of the 
amount of the advance or $2, whichever is greater, which 
is posted to the Account during the billing cycle.

2. Monthly Periodic FINANCE CHARGE, Monthly 
Periodic Rate and ANNUAL PERCENTAGE RATE for 
Cash Advances, Balance Transfers and Purchases: 
The second (2nd) component of the FINANCE CHARGE 
is the Monthly Periodic FINANCE CHARGE. The Monthly 
Periodic Rate used in calculating the Monthly Periodic 
FINANCE CHARGE for Cash Advances, Balance Transfers 
and Purchases is based upon the “Prime Rate” as published 
in the “Money Rates” section of the print edition of the 
Wall Street Journal (the “Index”). My ANNUAL PERCENTAGE 
RATE for Cash Advances, Balance Transfers and Purchases 
is determined by adding a “Margin” as set forth in the 
“Additional Disclosure – Federal Truth-in-Lending Act” to 
the Index in effect as of the first Tuesday of the month 
preceding the month of my Adjustment Date. The Initial 
Monthly Periodic Rate in effect as of the date of this 
Agreement and Disclosure Statement is set forth in the 
“Additional Disclosure – Federal Truth-in-Lending Act” (the 
Initial ANNUAL PERCENTAGE RATE as of the date of this 
Agreement and Disclosure Statement is set forth in the 
“Additional Disclosure – Federal Truth-in-Lending Act”).

My ANNUAL PERCENTAGE RATE may increase or decrease 
every month. Any such change will be based on an 
increase or decrease in the “Index” as set forth below. In 
the event that the Prime Rate ceases to be published, 
changes to the ANNUAL PERCENTAGE RATE will be related 
to a comparable Index. You may waive an increase in the 
ANNUAL PERCENTAGE RATE when such an increase can be 
made, but such a waiver shall not be construed as a waiver 
of your right to increase the ANNUAL PERCENTAGE RATE at 
a future date when entitled to do so.

My ANNUAL PERCENTAGE RATE is subject to change 
monthly on the first day of each billing cycle. These dates 
shall be known as the “Adjustment Dates.” The Index in 
effect on the first Tuesday of the month preceding the 
month of the Adjustment Date will be used to calculate 
the ANNUAL PERCENTAGE RATE change effective on the 
Adjustment Date. For example, the Index in effect on 
the first Tuesday in January shall be used to calculate the 
ANNUAL PERCENTAGE RATE change effective on the first 
day of the February billing cycle of the same year. The 
Index in effect on the first Tuesday in June shall be used to 
calculate the ANNUAL PERCENTAGE RATE change effective 
on the first day of the July billing cycle of the same year. All 
other Adjustment Date rate changes will follow the same 
pattern, except that the Index in effect on the first Tuesday 
in December shall be used to calculate the ANNUAL 
PERCENTAGE RATE change effective on the first day of the 
January billing cycle of the following year.

The maximum ANNUAL PERCENTAGE RATE during the term 
of this Agreement and Disclosure Statement is set forth 
in the “Additional Disclosure – Federal Truth-in-Lending 
Act.” There are no annual (or other) limitations on changes 
in the ANNUAL PERCENTAGE RATE during the term of 
this Agreement and Disclosure Statement. Decreases in 
the ANNUAL PERCENTAGE RATE in accordance with the 

 
 
 
terms of the Agreement and Disclosure Statement are 
mandatory. Increases in the ANNUAL PERCENTAGE RATE 
in accordance with the terms of the Agreement and 
Disclosure Statement are at your discretion. Any increase 
or decrease in the ANNUAL PERCENTAGE RATE will result 
in changes in the amount and/or number of payments 
required to repay the unpaid balance.

The Monthly Periodic Rate is determined by dividing the 
ANNUAL PERCENTAGE RATE by 12 and will change when 
the ANNUAL PERCENTAGE RATE changes.

3. FOREIGN TRANSACTIONS FEE: The third (3rd) 
component of the FINANCE CHARGE is the Foreign 
Transactions Fee. Purchases, Cash Advances and credit 
transactions made in foreign currencies are subject to 
a Foreign Transactions Fee FINANCE CHARGE of 1% of 
the amount of the Purchase, Cash Advance or credit 
transaction which is posted to the Account during the 
billing cycle. International Purchases, Cash Advances and 
credit transactions that are not made in foreign currencies 
are subject to a Foreign Transactions Fee FINANCE CHARGE 
of .8% of the amount of the Purchase, Cash Advance or 
credit transaction which is posted to the Account during 
the billing cycle.

CREDIT INFORMATION: I authorize you to investigate my 
credit standing when opening, renewing or reviewing the 
Account, and I authorize you to disclose information regarding 
the Account to credit bureaus and other creditors who inquire 
of you about my credit standing to the extent authorized by 
law.

HOW TO COMPUTE THE PURCHASE BALANCE, 
CONSISTING OF TRANSACTIONS RELATED TO PURCHASES 
OF PROPERTY AND SERVICES, UPON WHICH PERIODIC 
FINANCE CHARGES ARE ASSESSED: 

AVERAGE DAILY BALANCE (INCLUDING CURRENT 
PURCHASE TRANSACTIONS):

To avoid incurring an additional Finance Charge on the 
balance of Credit Purchases reflected on this statement 
and on any new Credit Purchases appearing on my next 
statement, I must pay the New Balance shown on my Periodic 
Statement on or before the Payment Due Date. The Finance 
Charges for a billing cycle are computed by applying the daily 
periodic rate to the average daily balance multiplied by the 
number of days in the billing cycle OR the monthly Periodic 
Rate to the average daily balance of Credit Purchases, which 
is determined by dividing the sum of the daily balances 
during the billing cycle by the number of days in the cycle. 
Each daily balance is determined by adding to the Previous 
Balance of Credit Purchases any new Credit Purchases posted 
to your account and subtracting any payments as received 
and credits as posted to your account, but excluding unpaid 
Finance Charges.

HOW TO COMPUTE THE ADVANCES BALANCE 
(CONSISTING OF TRANSACTIONS RELATED TO CASH 
AND OTHER ADVANCE TRANSACTIONS) UPON WHICH 
PERIODIC FINANCE CHARGES ARE ASSESSED: 

AVERAGE DAILY BALANCE (INCLUDING CURRENT CASH 
ADVANCE TRANSACTIONS):
The Finance Charge on Credit Purchases begins to accrue on 
the date each is posted to my account. The Finance Charge 
on Cash Advances begins to accrue on the date I obtain the 
Cash Advance or the first day of the billing cycle in which it is 
posted to my account, whichever is later. The Finance Charges 
for a billing cycle are computed by applying the daily periodic 
rate to the average daily balance multiplied by the number 
of days in the billing cycle OR the monthly periodic rate to 
the average daily balance during the billing cycle, which is 
determined by dividing the sum of the daily balances during 
the billing cycle by the number of days in the cycle. Each daily 
balance is determined by adding to the Previous Balance (the 
outstanding balance of my account at the beginning of the 
billing cycle) any new Credit Purchases posted to my account 
and any new Cash Advances received and subtracting any 
payments as received or credits as posted to my account, but 
excluding any unpaid Finance Charges. 

HOW TO COMPUTE THE BALANCE OF BALANCE 
TRANSFERS, CONSISTING OF BALANCE TRANSFER 
TRANSACTIONS, UPON WHICH PERIODIC FINANCE 
CHARGES ARE ASSESSED: 

AVERAGE DAILY BALANCE (INCLUDING CURRENT 
BALANCE TRANSFER TRANSACTIONS): 
The Finance Charge on Credit Purchases begins to accrue on 
the date each is posted to my account. The Finance Charge 
on Balance Transfers begins to accrue on the date I obtain the 
Balance Transfer or the first day of the billing cycle in which 
it is posted to my account, whichever is later. The Finance 
Charges for a billing cycle are computed by applying the 
daily periodic rate to the average daily balance multiplied 
by the number of days in the billing cycle OR the monthly 
periodic rate to the average daily balance during the billing 
cycle, which is determined by dividing the sum of the daily 
balances during the billing cycle by the number of days in 
the cycle. Each daily balance is determined by adding to the 
Previous Balance (the outstanding balance of my account at 
the beginning of the billing cycle) any new Credit Purchases 
posted to my account and any new Balance Transfers received 
and subtracting any payments as received or credits as posted 
to my account, but excluding any unpaid Finance Charges. 

The above determines my total FINANCE CHARGE for the 
billing cycle. Actual FINANCE CHARGES will be shown on my 
periodic statement.

MINIMUM PAYMENT: Every month, I must pay at least the 
Minimum Payment Due by the Payment Due Date shown on 
my periodic statement. Deferred payments are not allowed 
on the Account. By separate agreement, I may authorize you 
to automatically transfer the Minimum Payment Due from my 
Credit Union share or checking (share draft) account. I may, 
of course, pay more frequently, pay more or pay the New 
Balance in full, and I will reduce my periodic FINANCE CHARGE 
by doing so. The Minimum Payment Due will be either: a) 2% 
of my New Balance or $20, whichever is greater; or b) my New 
Balance, if it is less than $20. For the Student Visa Credit Card, 
the Minimum Payment Due will be either a) 2% of my New 
Balance or $10, whichever is greater; or b) my New Balance, if 
it is less than $10. 

In addition, I must pay any amount on my periodic statement 
listed as past due and any late charge. Lastly, at any time my 
New Balance exceeds my Credit Limit, I must pay the excess as 
well as any Over-Limit Fees. 

I understand and agree that any payment made by me 
will be applied in the following order: a) unpaid fees and 
charges, if any; b) unpaid periodic FINANCE CHARGE due on 
both purchases and cash advances; c) outstanding principal 
balances of cash advances and purchases previously billed; 
and d) current cash advances and purchases. If two or more 
transactions are posted on the same day, my payment will be 
applied first to the smaller of them.

CREDIT LIMIT: My Account has a Credit Limit that is 
established by you. You may increase or decrease my Credit 
Limit at any time and you may notify me of such increase 
or decrease by mail or through a statement sent to the 
primary Accountholder’s address of record, in accordance 
with applicable legal requirements. If I object to any Credit 
Limit increase, I must notify you immediately. I or my joint 
applicant for the Account may request a change to the Credit 
Limit orally, in writing or electronically, but such request 
must be approved by you. If my Credit Limit is increased, I 
am immediately responsible for the new Credit Limit and any 
increase in the Account Balance even when it differs from an 
amount previously agreed to orally or in writing.

OVER-THE-LIMIT TRANSACTIONS: I agree that I am 
obligated to pay you any portion of my Account Balance that 
exceeds my Credit Limit. I understand and agree that even 
if I request such an Over-the-Limit transaction, you are not 
obligated to process any Over-the-Limit transaction, despite 
my authorization and request, even if you have in the past 
processed my Over-the-Limit transactions. You will not charge 
me a fee for exceeding the Credit Limit.

LATE PAYMENT FEE: You will charge a Late Payment Fee of 
$15 ($10 for Student Visa Credit Card accounts) with respect 
to any monthly billing cycle as a Late Payment Fee on the 
Minimum Payment due that is not paid within fifteen (15) 
days after the date the payment is due. However, the late 
fee shall not exceed the maximum amount permitted under 
applicable state law.

DEBT PROTECTION COVERAGE (Schools Safety NetSM): 
I understand that Debt Protection Coverage is not required 
by you to open my account. It will only be available if I sign 
a separate Debt Protection Election Form. I understand and 
agree that if I requested this coverage, you will add Debt 
Protection fees to the Account balance of my loan on the 
Billing Cycle Closing Date of each month. I also understand 
and agree that if I have requested this coverage, I will be 
obligated to pay the fee(s) indicated on the Election Form 
which have been included as part of my payment. If I decide 
to cancel such coverage, I must do so in writing and I agree to 
pay all fees up to the date you act on my request to cancel.

BALANCE TRANSFER: I understand that I can request a 
Balance Transfer transaction, which allows me to pay a portion 
or the entire balance of a credit card account I maintain with 
another institution. Any request I make for a Balance Transfer 
is subject to your approval, based on my Credit Limit, my 
creditworthiness and my good standing as a member.

PURCHASES AND ADVANCES: I may make purchases 
and request advances in accordance with the current loan 
policies up to my Credit Limit. I understand and agree that all 
purchases and other transactions requested by me or anyone 
I have permitted to use the Card(s) and/or Account are subject 
to your approval. 

USING THE CARD: To make a purchase or obtain an advance, 
there are two alternative procedures to be followed. One is for 
me to present the Card or Card number to a participating Visa 
plan merchant, to you, or to another financial institution and 
sign or authorize a sales or cash advance draft. The other is to 
complete the transaction by using my personal identification 
number (PIN) in conjunction with the Card in an automated 
teller machine (ATM) or other type of electronic terminal that 
provides access to the Visa system. 

My Card and/or Account may not be used directly or indirectly 
for any illegal activities or transactions. Further, I may not 
utilize my Card and/or Account for the purchase of any goods 
or services on the Internet that involve gambling, gaming, 
betting or any similar transaction or activity. Such transactions 
include, but may not be limited to, any quasi-cash or online 
gambling transaction, any electronic commerce transaction 
conducted over an open network and any betting transaction 
including the purchase of lottery tickets or casino gaming 
chips/checks or off-track betting or waging. However, in the 
event that a charge or transaction described in this paragraph 
is approved and processed, I will still be responsible for such 
charges.

ELECTRONIC FUND TRANSFER: In the event a use of the 
Card or the Account number of the Card constitutes an 
electronic fund transfer (EFT), the terms and conditions of my 
Electronic Fund Transfer Agreement and Disclosure with you 
shall govern such transactions to the extent the Electronic 
Fund Agreement and Disclosure expands or amends this 
Agreement and Disclosure Statement.

PREPAYMENT OR IRREGULAR PAYMENTS: Though I need 
only pay the Minimum Payment Due, I understand that I have 
the right to repay my loan at any time without penalty. I also 
understand and agree that I will only be charged FINANCE 
CHARGES to the date I repay my entire loan. I may make 
larger payments without penalty, and this may reduce the 
total amount of FINANCE CHARGES that I will repay. If I pay 
more than the Minimum Payment Due in any month and 
there is still a balance due, I must continue to make Minimum 
Payments in future months. Any partial payment of my loan 
will not advance my next payment due date(s). I understand 
and agree that any payment that a) delays or b) accelerates 
the payment of my unpaid balance will a) increase or b) 
decrease my Monthly Periodic FINANCE CHARGE.

DEFAULT: I will be in default if: 1) I do not pay on time or 
in the proper amount(s); 2) I fail to live up to any of the 
terms of this Agreement and Disclosure Statement; 3) my 
creditworthiness is impaired; or 4) I die, become insolvent or 
am the subject of bankruptcy or receivership proceedings. 
In the event of any action by you to enforce this Agreement 
and Disclosure Statement, I agree to pay the costs thereof, 
reasonable attorneys’ fees and other expenses. I understand 
and agree that FINANCE CHARGES at the ANNUAL 
PERCENTAGE RATE as permitted under this Agreement and 
Disclosure Statement will continue to accrue until I repay my 
entire loan.

ACCELERATION AND COLLECTION COSTS: Upon my 
default, I understand and agree that you have the right to 
temporarily or permanently suspend any and all Account 
and Card privileges, and/or you may demand immediate 
payment of the unpaid balance, FINANCE CHARGES, late 
charges, over-limit fees, your collection costs, reasonable 
attorneys’ fees and court costs (collectively, “collection-related 
charges”). I understand and agree that I will be subject to 
FINANCE CHARGES (at the applicable Monthly Periodic Rate), 
late charges, over-limit fees and collection-related charges 
under the terms disclosed in this Agreement and Disclosure 
Statement until I repay my entire loan. 

RESPONSIBILITY: I agree to repay you according to the terms 
of this Agreement and Disclosure Statement for all purchases, 
advances, FINANCE CHARGES, late charges and over-limit 
fees, if any, arising from the use of the Account by me or any 
other person I permit to use the Account, even if that person 
exceeds my permission. I cannot disclaim responsibility by 
notifying you although you will close the Account if I so 
request, and I will return all Cards to you. My obligation to pay 
the Account balance continues even though an agreement, 
divorce decree or other court judgment to which you are not 
a party may direct me or one of the other persons responsible 
to pay the Account. Any person using the Account and/or 
Card is jointly and severally responsible with me for charges 
he or she makes, but if that person signs the Card, he or she 
becomes a party to this Agreement and is also responsible 
for all charges on the Account, including mine. The Cards 
remain your property, and I must recover and surrender to 
you all Cards upon your request and/or upon termination of 
this Account. 

UNAUTHORIZED USE: I may be liable for the unauthorized 
use of the Card and/or the Account. I will not be liable for 
unauthorized use that occurs after I provide notification by 
calling 800-654-7728, or when you receive notice in writing at 
P.O. Box 3112, Tampa, FL 33601, of the loss, theft or possible 
unauthorized use. In any case, my liability for unauthorized 
use will not exceed $50. My liability may be lower in cases of 
Visa Credit Card fraud in accordance with current Visa U.S.A. 
Inc. operating regulations.

TERMINATION: You may terminate this Agreement and 
Disclosure Statement upon my default. Either you or I may 
terminate this Agreement and Disclosure Statement for other 
good cause. In no event shall any termination relieve me of 
my obligation to repay sums already borrowed, FINANCE 
CHARGES, late charges and over-limit charges, if any. I agree 
to return all the Cards issued to me or any party designated 
by me. 

TRANSACTION SLIPS: My periodic statement will identify the 
merchant, electronic terminal or financial institution at which 
transactions were made, but sales, cash advance or other slips 
cannot be returned with the periodic statement. I will retain 
the copy of such slips furnished at the time of the transaction 
in order to verify my periodic statement. You may make a 
reasonable charge for any photocopies or slips I request. 

PLAN MERCHANT DISPUTES: You are not responsible for 
the refusal of any plan merchant or financial institution to 
honor the Account and/or Card. You are subject to claims 
and defenses (other than tort claims) arising out of goods or 
services I purchase with the Card only if I have made a good 
faith attempt but have been unable to obtain satisfaction 
from the plan merchant, and a) my purchase was made in 
response to an advertisement you sent or participated in 

sending me; or b) my purchase cost more than $50 and was 
made from a plan merchant in my state or within 100 miles of 
my current address. Any other dispute I must resolve directly 
with the plan merchant.

FOREIGN TRANSACTIONS: Purchases, cash advances 
and credits made in foreign currencies will be billed to my 
Account in U.S. dollars. The conversion to U.S. dollars will be 
made in accordance with the Visa operating regulations for 
international transactions. Such regulations provide for either 
a .8% currency exchange fee for single currency international 
transactions (transactions made internationally without 
a currency conversion) or 1% currency exchange fee for 
multi-currency international transactions (transactions made 
internationally that require a currency conversion), which 
is added to the amount of the purchase, cash advance or 
credit and retained by Visa. The .8% currency exchange fee for 
single currency international transactions does not apply to 
transactions originating on U.S. military bases, U.S. embassies 
and consulates. The exchange rate between the transaction 
currency and the billing currency used for processing 
international transactions is a rate selected by Visa from the 
range of rates available in wholesale currency markets for the 
applicable central processing date, which rate may vary from 
the rate Visa itself receives, or the government mandated 
rate in effect for the applicable central processing date. The 
conversion rate may be different than the rate on the day of 
the transaction or date of the posting of the Account. When 
a credit to the Account does not fully offset a charge to the 
Account due to changes in the rate, I am responsible for the 
differences.

RETURNS AND ADJUSTMENTS: Merchants and others who 
honor the Account and/or Card may give credit for returns 
or adjustments, and they will do so by sending you a credit 
slip, which you will post to the Account. If my credits and 
payments exceed what I owe you, you will hold and apply this 
credit balance against future purchases and cash advances, 
or if it is $1 or more, refund it on my written request or 
automatically after six (6) months.

SURRENDER OF CARD(S): The Card(s) remains your property 
and, if you request, I must surrender to you all Card(s) you 
have issued on the Account. 

LOST OR STOLEN CARD, NOTIFICATION AND LIABILITY: 
I will notify you AT ONCE if I believe that the Card, Account 
number, PIN or any combination of the three has been 
lost or stolen by immediately calling you at 800-654-7728 
(available 24 hours a day). Telephoning is the best way of 
preventing unauthorized usage. There is no liability to me for 
any unauthorized transactions resulting from the loss, theft or 
other unauthorized use of the Card, whether the Card is used 
in person, over the Internet or via a telephone transaction. In 
the event of an unauthorized transaction, you may require 
that I submit a report of unauthorized use of my Visa Credit 
Card. You may also require that I file a police report. I agree 
to fully cooperate with the Credit Union, the police, the FBI 
and any other entity investigating any claim of unauthorized 
usage. This zero liability policy does not apply to ATM 
transactions or to PIN transactions not processed by Visa. 

I am responsible for all purchases and cash advances made 
to my Visa Credit Card. If I give my Card to another party, I am 
responsible for all transactions made by that party even if the 
amounts exceed what I have authorized.

REPLACEMENT CARDS: If I need to replace my Visa Credit 
Card due to my card being lost or damaged. I may do so by 
contacting you at 800-654-7728 or 916-569-5400. You will 
provide me with one free replacement card per rolling 12 
month period. For each additional replacement card you will 
charge me $10. 

PAYMENTS MARKED “PAID IN FULL”: You may accept 
checks, money orders or other types of payment marked 
”payment in full” or using other language to indicate full 
satisfaction of any indebtedness without being bound by 
such language or waiving any rights under this Agreement 
and Disclosure Statement. Full satisfaction of indebtedness 

shall be accepted by you only in a written agreement, signed 
by an authorized representative.

USAGE CONFIRMATION VIA TELEPHONE: If my card usage 
is beyond my normal usage or questionable for any reason, 
I may receive periodic phone calls from you to verify such 
usage.

DELAY IN ENFORCEMENT: You can delay enforcing any of 
your rights under this Agreement and Disclosure Statement 
without losing them. 

GOVERNING LAW: I understand and agree that this 
Agreement and Disclosure Statement is made in California 
and shall be governed by the laws of the State of California 
to the extent that California law is not inconsistent with 
controlling federal law. I also understand and agree that 
California’s choice of law rules shall not be applied if they 
would result in the application of non-California law. 

INTEGRATED DOCUMENT(S): Any separate sheet of paper 
labeled “Additional Disclosure — Federal Truth-in-Lending Act” 
that is delivered together with this form is an integrated part 
of the Agreement and Disclosure Statement.

MEMBERSHIP REQUIREMENT: I understand and agree that 
I must be and remain a member in good standing with you 
to be eligible for continuing Account and/or Card privileges, 
including future purchases and advances. I understand 
and agree that you may suspend the Account and/or Card 
privileges during any period in which I do not maintain my 
membership with you. 

CHANGE OF NAME, ADDRESS OR EMPLOYMENT STATUS:
I understand and agree that I must report to you any change 
in my name, address or employment status.

COPY RECEIVED: I acknowledge receipt of any copy of this 
Agreement and Disclosure Statement and agree to accept its 
terms. 

Notice: See the statement below for important information 
regarding my right to dispute billing errors.

ADDITIONAL TERMS APPLICABLE TO VISA CHECKS

CHECK USES: I can use the Visa Checks (“Checks” or ”Check”) 
to purchase goods and services or to obtain cash up to 
the amount of my Credit Limit. Use of the Checks is a cash 
advance on my Visa Agreement. 

LIMITATIONS: You are not required to honor a Check that will 
cause me to exceed my Credit Limit. You will not pay a Check 
if, at the time the Check is presented, I am in default or you 
have suspended, terminated or canceled the Account. Each 
Check must be in the form you have issued to me. Checks 
may be used only by the person(s) whose name(s) is/are 
printed on the Check. I am responsible for all authorized use 
of the Checks. I may not use the Checks to pay any amount 
that I owe you pursuant to this Agreement and Disclosure 
Statement. 

PERIODIC STATEMENTS: My periodic statement will show 
me an itemization of the Checks posted to the Account 
during the billing cycle. Checks paid by you will not be 
returned to me with my periodic statement.

RETURNED CHECK FEE: You will charge a fee of $25 per 
returned Check, which will be billed to the Account if my 
Check cannot be paid. 

STOP PAYMENT: Provided such request is timely, so that 
you shall have a reasonable opportunity to act upon it under 
your rules, I may order a stop payment on a Check drawn 
on the Account, other than one that has been guaranteed. 
In the event of an oral stop payment order, the order shall 
be valid only fourteen (14) days thereafter unless confirmed 
in writing. Written stop payment orders will remain in effect 
for a minimum of six (6) months unless renewed in writing. I 
have the burden of establishing the fact and amount of loss 
resulting from payment contrary to a binding stop payment 

 
order. You will charge a fee of $25 per Check when I place 
a stop payment on my Check(s), which will be billed to the 
Account. 

SURRENDER OF VISA CHECKS: The Checks are your property. 
You reserve the right to revoke them at any time. I agree to 
return them at your request. 

MY BILLING RIGHTS
(Keep this notice for future use.) This notice contains 
important information about my rights and responsibilities 
under the Fair Credit Billing Act.

NOTIFICATION IN CASE OF ERRORS OR QUESTIONS 
ABOUT MY PERIODIC STATEMENT 
If I think my periodic statement is wrong, or if I need more 
information about a transaction on my periodic statement, 
I must write to you on a separate sheet at the address listed 
on my periodic statement. I should write to you as soon as 
possible. You must hear from me no later than sixty (60) days 
after you sent me the first periodic statement on which the 
error or problem appeared. I can telephone you but doing so 
will not preserve my rights. In my letter, I should give you the 
following information: 

• My name and Account number;
• The dollar amount of the suspected error; and
• Describe the error and explain, if I can, why I believe there  
   is an error. 

If you need more information, I will describe the item you are 
not sure about. 

If I have authorized you to pay my Visa Credit Card statement 
automatically from my share or share draft account, I can stop 
the payment on any amount I think is wrong. To stop the 
payment my letter must reach you three (3) business days 
before the automatic payment is scheduled to occur. 

MY RIGHTS AND YOUR RESPONSIBILITIES AFTER YOU 
RECEIVE MY WRITTEN NOTICE 
You must acknowledge my letter within thirty (30) days unless 
you have corrected the error by then. Within ninety (90) days, 
you must either correct the error or explain why you believe 
the periodic statement was correct. 

After you receive my letter, you cannot try to collect any 
amount I question or report me as delinquent. You can 
continue to bill me for the amount I question, including 
FINANCE CHARGES, and you can apply any unpaid amount 
against my Credit Limit.

I do not have to pay any questioned amount while you are 
investigating, but I am still obligated to pay the parts of the 
periodic statement that are not in question.

If you find that you made a mistake on my periodic statement, 
I will not have to pay any FINANCE CHARGES related to any 
questioned amount. If you did not make a mistake, I may have 
to pay FINANCE CHARGES, and I will have to make up any 
missed payments on the questioned amount. In either case, 
you will send me a statement of the amount I owe and the 
date that it is due. 

If I fail to pay the amount that you think I owe, you may report 
me as delinquent. However, if your explanation does not 
satisfy me and I write to you within ten (10) days telling you 
that I still refuse to pay, you must tell anyone you report me 
to that I have a question about my statement. And, you must 
tell me the name of anyone you reported me to. You must 
tell anyone you report me to that the matter has been settled 
between us when it finally is.

If you do not follow these rules, you cannot collect the first 
$50 of the questioned amount even if my periodic statement 
was correct. 

BR154  12/2010
M#102717