will remain liable to pay the balance then due under the existing 
terms. The right to reject a change in terms does not apply if we 
have not received a required minimum payment within 60 days 
after the due date for that payment. 

Our Rights to Amend Your Agreement

We  may  amend  this Agreement  at  any  time. We  may  amend  it  by 
adding,  deleting,  or  changing  provision  of  this  Agreement.  We 
may  increase  or  decrease  any  or  all  of  your  APRs,  including  any 
promotional APRs. When we amend this Agreement we will comply 
with the applicable notice requirements of federal and state laws that 
in effect at that time. 

The reasons we may change the terms of this Agreement includes 
the  following:  your  risk  profile  based  on  your  payment  patterns, 
transaction  patterns,  balance  patterns,  and  utilization  levels  of  this 
and  other  accounts,  credit  bureau  information  including  the  age, 
history and type of other accounts, and relationships between each 
and  all  of  these  measures  of  risk.  We  may  also  change  terms  for 
reasons not related to your individual credit history, such as overall 
economic and market trends,  product design and business needs. 
APR increases WILL impact existing balances at the time of the rate 
change.  If  an  amendment  gives  you  the  opportunity  to  reject  the 
change and if you reject the change in the manner provided in such 
amendment we may terminate your right to receive credit and may 
ask you to return all credit devices as a condition of your rejection. We 
may replace your card with another card at any time. 

YOUR BILLING RIGHTS

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 there is an error on your statement, write to us at: 
         Equitable Federal Credit Union

1889 Brittain Rd 
Akron, Ohio 44310

In your letter, give us the following information: 

•
•
•

•

•

Account information: Your name and account number. 
Dollar amount: The dollar amount of the suspected error. 
Description of Problem: If you think there is an error on
your bill, describe what you believe is wrong and why you 
believe it is a mistake. 
You  must  contact  us  within  60  days  after  the  error
appeared on your statement. 
You  must  notify  us  of  any  potential  errors  in  writing  [or
electronically]. You may call us, but if you do we are not
required to investigate any potential errors and you may
have to pay the amount in question. 

While  we  investigate  whether  or  not  there  has  been  an  error,  the 
following are true: 

•

•

•

We cannot try to collect the amount in question, or report
you as delinquent on that amount. 
The  charge  in  question  may  remain  on  your  statement,
and  we  may  continue  to  charge  you  interest  on  that
amount.  But,  if  we  determine  that  we  made  a  mistake,
you  will  not  have  to  pay  the  amount  in  question  or  any
interest or other fees related to that amount. 

While you do not have to pay the amount in question, you
are responsible for the remainder of your balance. 

Your Rights If You Are Dissatisfied With Your Credit 
Card Purchases 

If  you  are  dissatisfied  with  the  goods  or  services  that  you  have 
purchased with 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 the purchase. To use this right, all 
of the following must be true: 

1. 

2. 

The purchase must have been made in your home state
or within 100 miles of your current mailing address, and
the purchase price must have been more than $50. (Note: 
Neither  of  these  are  necessary  if  your  purchase  was
based  on  an  advertisement  we  mailed  to  you,  or  if  we
own the company that sold you the goods or services.)

You  must  have  used  your  credit  card  for  the  purchase.
Purchases made with cash advances from an ATM or with 
a  check  that  accesses  your  credit  card  account  do  not
qualify. 

3. 

You must not yet have fully paid for the purchase. 

If all of the criteria above are met and you are still dissatisfied with the 
purchase, contact us in writing [or electronically] at: 

Equitable Federal Credit Union
1889 Brittain Rd 
Akron, Ohio 44310
info@eqfcu.org 

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. 

G16244

EQUITABLE FEDERAL CREDIT UNION 
MASTERCARD CREDIT CARD AGREEMENT

In this Agreement the words “you” and “your” mean each and all of 
those  who  apply  for  the  card  or  who  signs  this Agreement. “Card” 
means the MasterCard Credit Card and any duplicates and renewals 
we issue. Everyone who receives signs or uses a card issued under 
this Agreement must be a member of this Credit Union. Account means 
your MasterCard credit card line of credit account with us. “We”, “us” 
and “ours”, means this Credit Union. 

INTEREST RATES AND INTEREST CHARGES

Annual Percentage 
Rate
For purchases
Cash advances

Annual Percentage 
Rate
For Balance Transfers

How To Avoid  Paying 
Interest

Minimum Interest 
Charge

For Credit Card Tips 
From The Consumer 
Protection Bureau

MasterCard Platinum – 9.78%, 
13.78%, 16.78%

5.50%

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.

None

To learn more about the 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

Annual Fees

None

TRANSACTION FEES
Cash Advance
Foreign Transactions
In-House Payment

Balance Transfer Fee

PENALTY FEES
Late Payment

Returned Check (NSF)

Over Limit Fee
Card Replacement Fee

How We Will Calculate 
Your Balance

$25.00 for each transaction
1% of each transaction in U.S. dollars
$3 for every payment made through 
the credit union
4% for each balance transferred.

If your payment is not made on or 
before your due date you will be 
charged up to $25.
You will be charged up to $27 for any 
check (or any negotiable instrument 
used for payment) returned unpaid
None
$10 

We use a method called “Average 
Daily Balance (including new 
purchases)”

1. 

2. 

3. 

4. 

5. 

MasterCard CREDIT CARD AGREEMENT

The Annual Percentage Rate (APR) for Purchases is fixed based 
on your credit score.

The Annual Percentage Rate (APR) for Cash Advances is based 
on your credit score.

Late  Fee:  If  the  minimum  required  payment  is  not  received 
by  the  payment  due  date,  a  late  charge  of  up  to  $25  will  be 
imposed

Average  Daily  Balance  (including  current  transactions):  We 
figure  the  interest  charge  on  your  account  by  applying  the 
periodic rate to the average daily balance of your account. To 
get the average daily balance, we take the beginning balance 
of your account each day, add any new [purchases/advances/
fees], and subtract [any unpaid interest or other finance charges 
and]  any  payment  or  credits. This  gives  us  the  daily  balance. 
Then, we add up all the daily balances for the billing cycle and 
divide the total by the number of days in the billing cycle. This 
gives us the average daily balance. 

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  responsible 
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 personas responsible to pay the 
account. Any person using the card is jointly responsible with 
you for charges he or she makes, but if that person signs the 
card he or she becomes a party to this agreement is also jointly 
responsible for all charges on the account including yours. 

6. 

Lost  Card  Notification  and  Liability  for  Unauthorized  Use:  If 
you  notice  the  loss  or  theft  of  your  credit  card  or  a  possible 
unauthorized  use  of  your  card,  your  should  write    or  call    us 
immediately at: 

Equitable Federal Credit Union
1889 Brittain Rd 
Akron, Ohio 44310
800-321-8237 or 800-442-4757

You will not be liable for any unauthorized use that occurs after 
you notify us. You may, however, be liable for unauthorized use 
that occurs before your notice to us. In any case, your liability 
for transactions on a lost or stolen MasterCard card is $50.00 
unless  the  Credit  Union  determines  that  the  Cardholder  was 
grossly negligent or fraudulent in the handling of the account 
or card.

7. 

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. Your  line  of  credit  for  cash 
advances will be one-half of the overall credit limit established 
for you. This line of credit for cash advances is part of, not in 

addition to your established line of credit. You agree not to let 
the  account  balance  exceed  this  approved  credit  line.  Each 
payment you make on the account will restore your Credit Line 
by the amount of this 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 loan officer. 
By  giving  you  written  notice,  we  may  reduce  your  credit  line 
from  time  to  time,  or  with  good  cause,  revoke  your  card  and 
terminate  this  Agreement.  Good  cause  includes  your  failure 
to comply with this Agreement, or our adverse reevaluation of 
your creditworthiness. You may also terminate this Agreement 
at any time but termination by either of us does not affect your 
obligation  to  pay  the  account  balance. The  cards  remain  our 
property  and  you  must  recover  and  surrender  to  us  all  cards 
upon request. 

8. 

9. 

Copy  Received.  You  acknowledge  a  receipt  of  a  copy  of  this 
Agreement. 

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, to the extent authorized By-Law. 

10.  Monthly  Payment:  We  will  mail  you  a  statement,  (unless 
otherwise marked for do-not mail or e-statements) every month 
showing your Previous Balance of purchases and cash advances, 
the current transactions on your account, the remaining credit 
available under your Credit Line, the New Balance of purchases 
and cash advances, the Total New balance, the Finance Charges 
due to date, and other billed fees and the Minimum Payment 
required. 

Every  month  you  must  pay  at  least  the  Minimum  Payment 
on  or  before  the  payment  due  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 FINACE 
CHARGES by doing so. The minimum payment will be (a) 2% 
of  your  Total  New  MasterCard  Balance,  or  $10  whichever  is 
greater,  or  (b)  your  Total  New  Balance,  if  it  is  less  than  $10 
plus (c) any portion of the Minimum Payment(s) shown on prior 
statement(s) which remains unpaid. 

We  will  apply  any  payments  we  receive  from  you  in  excess 
of the Minimum Payment due to the balance with the highest 
annual percentage rate and any remaining portion to the other 
balances in descending order from the highest APR based on 
the applicable APR in accordance with the law. 

11.  Default: You will be in default if you fail to make any Minimum 
Payment within 25 days after your monthly statement closing 
date. You  will  also  be  in  default  if  your  ability  to  repay  us  is 
materially  reduced  by  a  change  in  your  employment,  an 
increase 
insolvency 
in  your  obligations,  bankruptcy  or 
proceedings involving you, your death or your failure to abide by 
this Agreement, or if the value of our security interest materially 
declines. We have the right to demand immediate payment of 
your full account balance if you default, subject to our giving you 
any notice required by law. To the extent permitted by law, you 
will also be required to pay our collection expenses, including 

court costs and reasonable attorneys’ fees. 

12.  Right of Offset:  If you are in default, the Credit Union may at 
any time without demand or notice of any kind, appropriate and 
apply  toward  the  payment  of  the  unpaid  balance  owing,  any 
unpaid  shares,  dividends,  or  other  funds  that  would  not  have 
adverse tax consequences if pledged as security.  You appoint 
the Credit Union as your Attorney-in-act to perform any act(s) 
which it feels are necessary to protect its security interest. 

13.  Using the Card. To make a purchase or cash advance, present 
the card to a participating MasterCard plan merchant, to us or 
to another financial institution, and sign the sales slip or cash 
advance draft which will be imprinted with your card. You may 
also use your Personal Identification Number (PIN) in conjunction 
with the card in an Automated Teller Machine or other type of 
electronic  terminal.  You  will  retain  your  copy  of  sales  drafts, 
cash advance or credit slips to verify your transactions with the 
monthly statement. We reserve the right to make a reasonable 
charge for photocopies of slips you may request. A card may 
not  be  used  for  illegal  transactions  such  as  Online  Internet 
Gambling. 

14. 

 Returns and 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 or more, refund it on 
your written request or automatically after 6 months. 

15.  Foreign Transactions.  Purchases  and  cash  advances  made  in 
foreign  countries  and  foreign  currencies  will  be  billed  to  you 
in U.S. dollars. The conversion rate to dollars will be at (1) the 
wholesale  market  rate  or  (2)  the  government  mandated  rate, 
whichever is applicable, in effect one day prior to the processing 
date, increased by one percent. 

16.  Security Interest. To secure your account, you grant us a purchase 
money security interest under the Uniform Commercial Code in 
any goods you purchase through the account. If you default, we 
will have the right to recover any of these goods which have 
not been paid for through our application of your payment in a 
manner described in paragraph 10. 

17.  Effect  of  Agreement.  This  Agreement  is  the  contract  which 
applies  to  all  transactions  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  a  45  day  advance  written 
notice  required  by  law.  Your  use  of  the  card  thereafter  will 
indicate  your  agreement  to  the  amendments.  To  the  extent 
the  law  permits,  and  we  indicate  in  our  notice,  amendments 
will apply to your existing account balance as well as to future 
transactions. You have the right to reject a change in terms prior 
to  the  effective  date  thereof  by  calling  us  toll  free  at  1-800-
321-8237  or  by  mailing  to  us  at:  1889  Brittain  Road  Akron, 
Ohio 44310. In such case, your account will be terminated or 
suspended  and  no  further  credit  will  be  available  to  you. You