SHARE SECURED VISA  CARD AGREEMENT 
AND DISCLOSURE STATEMENT 

® 

In this Agreement, the words you and your mean each and all of those who apply for the account or who sign this Agreement.  Card means the Visa Credit Card and 
any duplicates and renewals we issue.  Account means your Visa Line of Credit Account with us.  We, us, and ours mean this credit union. 

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 responsible for charges made by yourself, your spouse, and 
minor children. Use of the card by anyone else will be presumed to be with your 
consent.  You  will  be  considered  responsible  for  all resulting  charges.  You  must 
notify  us  in  writing  of  possible  unauthorized  use.  To  protect  your  rights,  we 
must  hear  from  you  no  later  than  60  days  after  we  sent  the  first  statement  on 
which  the  unauthorized  use  appeared.  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  and  all persons  signing  on  the  account are 
entitled to a card upon request. You agree that all transactions that you initiate by 
use of the Card are legal in the jurisdiction where you live and/or the transaction 
occurs.  You  agree  to  repay  according  to  the  terms  of  this  Agreement  all 
transactions you initiate by use of the Card. 
2.  CREDIT  LINE  If  we  approve  your  application,  we  will  establish  a  self-
replenishing  Line  of  Credit  and  notify  you  of  its  amount  when  we  issue  the 
card. You agree not to let the Account balance exceed this approved Credit Line. 
Each  payment  will  restore  your  Credit  Line  by  the  amount  of  the  payment 
(excluding  any  over  limit  amount);  however,  SAFE  at  its  sole  and  absolute 
discretion, reserves the right to delay the restoration of your Credit Line for up to 
15 days. Finance charges and other charges will cease to accrue on the amount of 
payment  as  of  the  date  of  receipt.  You  may  request  an  increase  in  your  Credit 
Line  by  calling  SAFE's  Call Center or  by  visiting  any  SAFE  branch.  By  giving 
you  written notice,  your Credit Line  may be  reduced  from  time to  time, or  with 
good  cause,  your  card  may  be  revoked  and  this  Agreement  terminated.  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 you  or us  does not  affect your  obligation  to 
pay the Account balance. The cards remain our property and you must surrender 
all cards upon our request and upon termination of this Agreement. 
3. USING THE CARD  To make a purchase  or  cash advance,  present the card 
to a participating Visa plan merchant, to us, or to another financial institution and 
sign the sales or cash advance draft which will be imprinted with your card. You 
will receive a copy of the draft or receipt which you should retain to verify  your 
monthly  statement.  We  reserve  the  right  to  make  a  reasonable  charge  for 
photocopies  of  drafts  you  may  request,  as  disclosed  in  the  Fee  Schedule.  You 
may  also  make  advances  at  any  SAFE  ATM,  Network  ATM,  or  ATMs 
displaying  the  Visa  logo.  Internet  gambling  may  be  illegal in  the  jurisdiction in 
which you are located, including the United States. Your card may only  be used 
for legal transactions. Display of payment card logo by an online  merchant does 
not  mean  that  Internet  gambling  transactions  are  lawful  in  all  jurisdictions  in 
which you may be located. 
4.  MONTHLY  PAYMENTS  We  will  apply  your  payments  first  to  FINANCE 
CHARGES, then  to  late  fees (if  any),  and then  to  the  principal  balance.  If  your 
account  has  balances  with  different  APRs,  we  will  allocate  the  amount  of  your 
payment  equal  to  the  Minimum  Payment  Due  to  the  lowest  APR  balances  first. 
Payment  amounts  in  excess  of  your  Minimum  Payment  Due  will  be  applied  to 
balances  with  higher  APRs  before  balances  with  lower  APRs.  Each  month  you 
must pay  at  least the Minimum  Payment by  the due  date on  your  statement. By 
separate  agreement,  you  may  authorize  us  to  charge  the  Minimum  Payment 
automatically to your Share Savings, SAFE Checking, or Money Market account. 
You  will  reduce  the  FINANCE  CHARGE  by  paying  more  frequently,  paying 
more than the Minimum Payment, or paying the Total New Balance in full. The 
Minimum  Payment  will  either  be  (a)  2%  of  your  Total  New  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 shown on prior  statements which  remains 
unpaid.  In  addition,  any  time  your  Total  New  Balance  exceeds  your  Approved 
Credit  Limit,  you  must  immediately  pay  any  amount  in  excess  of  your  credit 
limit. 
5. LATE FEES If  your payment is not received within 15 days of the Payment 
Due Date shown on your monthly statement, you will be charged a late fee of $15 
or minimum payment amount, whichever is less. 
6. CREDITS Merchants who honor  your card and give you credit for returns or 
adjustments will provide us with a credit which we will post to your Account. If 
your  credits  and  payments  exceed  what  you  owe  us,  we  will  apply  this  credit 
balance  against  future  purchases  and  cash  advances,  or  refund  it  upon  your 
written request if it is $1 or more. Any credit balance not cleared within 30 days 
will be transferred to your Share Savings Account. 
7.  FOREIGN  TRANSACTION  EXCHANGE  RATE  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 may  vary  from  the  rate  Visa  itself  receives,  or  the  government-
mandated rate in effect for the applicable central processing date. 
8.  FOREIGN  TRANSACTION  FEE  A  fee  of  up  to  1  percent  of  the 
transaction  amount  is  charged  for  transactions  conducted  outside  the  United 
States. 

9.  PLAN  MERCHANT DISPUTES  We  are  not  responsible  for  the  refusal  of 
any  plan  merchant  or  financial institution  to honor  your  card.  We  are subject to 
claims and defenses (other than tort claims) arising out of goods or services you 
purchase with the card only if you have made a good faith attempt, but have been 
unable to obtain satisfaction from the plan merchant, and: (a) your purchase was 
made in response  to an advertisement  we sent or participated in sending you; or 
(b) your purchase cost more than $50 and was made from a plan merchant in your 
state  or  within  100  miles  of  your  home.  You  must  resolve  any  other  disputes 
directly with the plan merchant. 
10.  DEFAULT  You  will  be  in  default  if  you fail  to  make  any  Minimum 
Payment within 10 days of the Payment Due Date. You will also be in default if 
your  ability  to  repay  is  materially  reduced  by  an  increase  in  your  obligations, 
bankruptcy, insolvency  proceeding  involving  you,  your  death,  your  failure  to 
abide by  the  Agreement, if the value  of our  security interest materially declines, 
or if you have made or do make any false or misleading statements in furnishing 
your  financial  information  and  other  information  to  us.  We  have  the  right  to 
demand immediate payment in full of your Account 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 attorney fees. 
11.  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  about  your  credit  standing  to  the  extent  authorized in  our 
bylaws.  As required by  law, you  are hereby notified  that a negative credit report 
reflecting on  your  credit record may be submitted to a credit reporting  agency if 
you fail to fulfill the terms of your credit obligations. 
12.  CREDIT  LIFE  AND  DISABILITY  You  understand  that  Credit  Life  and 
Disability  Insurance  is  not  required  by  us  to  obtain  your  loan.  If  selected,  you 
acknowledge  receiving a copy  of  the  Credit Insurance  Application/Schedule  and 
have  made the  choice  of  insurance  coverage  indicated  thereon.  The  cost  of  any 
insurance  you  have  chosen  is  added  to  your  balance  monthly  and  will  accrue 
FINANCE CHARGES from the day the cost is added. 
13.  EFFECT OF AGREEMENT This agreement is the contract which applies 
to  all  transactions  on  your  Account  even  though  sales,  cash  advance,  or  credit 
slips  may  contain  different  terms.  We  may  amend  this  agreement  from  time  to 
time  by  sending  you  the  advance  written  notice  required  by  law.  To  the  extent 
permitted by law, and as indicated in our notice,  amendments will apply to your 
existing  Account  balance  as  well  as  future  transactions.  We  reserve  the  right  to 
review  your  credit  and  either  increase  or  decrease  your  credit  limit  or  APR  for 
new  balances.  APR  increases  will  not  impact  existing  balances  unless  you  are 
more  than  60  days  late  with  a  payment  or  unless  otherwise  permitted  by 
applicable law. 
14.  NON-WAIVER  PROVISION  We  can  delay  enforcing  any  of  our  rights 
under  this  Agreement  without  losing  them.  If  any  terms  of  this  Agreement  are 
found to be unenforceable, all other provisions will remain in full force. 
15.  FINANCE  CHARGE  -  REGULAR  RATE  Your  Account  will  be  subject 
to  a FINANCE CHARGE (interest) at the  periodic  rate of  1.270%  per month  of 
which  corresponds  to  an  ANNUAL  PERCENTAGE  RATE  of  15.24%  on  the 
Purchase, Advance  and Balance Transfer Average  Daily  Balances. This rate is a 
variable  rate  which  may  change  monthly  based  on  the  movements  of  the  Wall 
Street  Journal  Prime  Rate,  which  is  the  Prime  Rate  published  the  15th  of  each 
month in the Wall Street Journal, Western Edition, plus 11.24 percentage points. 
There 
the  ANNUAL 
the  amount  of 
PERCENTAGE  RATE. An  increase in  the  Prime Rate will result  in an increase 
in  the  amount  of  your  FINANCE  CHARGE,  minimum  periodic  payment,  and 
Outstanding  Balance. 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  and  fees,  and  subtract  any  unpaid  interest  or 
other  finance  charges  and  any  payments  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." 
16.  PAYING INTEREST  You  have until  the payment  due date (25  days  from 
the  billing  cycle)  to  pay  your balance  in  full before  a  FINANCE  CHARGE 
(interest) is assessed on  the purchase  balance.  If  you  do not pay  your balance in 
full by the payment due date, you will be charged a FINANCE CHARGE on the 
then  outstanding  purchase  balance  and  on  future  purchases  from  the  transaction 
date.  If  during  the  previous  billing  cycle  you  Paid  in  Full  by  the  Payment  Due 
Date, then in the current billing cycle you will have a Grace Period on the amount 
of the Purchase balance remaining from the previous billing cycle that is paid by 
the Payment Due Date, based  on  our  payment  allocation method.  We  will begin 
charging  interest  on  cash  advances  and  balance  transfers  as  of  the  transaction 
date. 
17.  CASH  ADVANCE  FEE  For  each cash advance (excluding  cash  advances 
taken  at  any  SAFE  ATM,  through CALL-24,  or  Online Banking)  there  is  a 
transaction charge equal to 3% of the amount of the advance or $10, whichever is 
greater.  The charge will be billed to your monthly Visa statement. 

limitation  on 

increase 

is  no 

in 

S-473VA  03/20/2017 

(continued on reverse) 

 
 
 
 
 
 
(continued from reverse) 
18.  INTEREST RATE ADJUSTMENT An interest rate adjustment will occur when your account is 60 days or more past due. If your account is 60 days past due, 
the  interest  rate  for  existing  and  new  balances  will  be  increased  to  an  ANNUAL  PERCENTAGE  RATE  of  21.90%.  This  interest  rate  increase  will  be  effective 
beginning  after  45-day  notice  is  provided  to  you.  The  interest  rate  adjustment  will  terminate  if  you  make  the  required  minimum  payments  for  six  consecutive 
months. 
19. WE MAY CONTACT YOU - SERVICING AND COLLECTIONS If we need to contact you to service your account or to collect an amount you owe, you 
authorized us (and our affiliates, agents and contractors) to contact you at any number you provide,  from which you call us, or at which we believe we can reach 
you. We may contact you in any way, such as calling or texting. We may contact you using an automated dialer or prerecorded messages. We may contact you on a 
mobile, wireless, or similar device, even if you are charged for it.  CALL MONITORING From time to time we may monitor and/or record calls between you and 
us to assure the quality of our customer service, or as required by applicable law. 
20. ANNUAL FEE  You  will be charged an annual fee to maintain this Account.  The annual fee will  be charged to your  Account on  the first cycle date directly 
following your open date and annually thereafter. 

SHARE SECURED VISA 
You agree as a condition for the Credit Union establishing your Share Secured Visa account and issuing a Visa Credit Card to grant a security interest and 
lien  on  your  share account  indicated  on  your  credit  card  application  to  secure all  obligations  under  this  Agreement,  including  all  future  advances.  You 
agree to keep at all times a sum equal to 100% of your  Credit Line on  deposit in the designated Credit Union share account  until you  repay your  entire 
loan  and  your  Share  Secured  VISA  account  is  terminated.  You  cannot  withdraw  the  pledged  funds  as  long  as  the  pledge  is  in  effect  and  your  Share 
Secured Visa account remains open and/or active. If you default under this Agreement, the Credit Union has the right to apply, without advance notice to 
you, the amount specifically pledged to pay off the loan, in full or in part. 

SHARE SECURED VISA 

Interest Rates and Interest Charges 

Annual Percentage Rate 
(APR) for Purchases 

15.24% This APR will vary with the market based on the Prime Rate. 

APR for Balance Transfers 

15.24% This APR will vary with the market based on the Prime Rate. 

APR for Cash Advances 

Penalty APR and 
When it Applies 

Paying Interest 

15.24% This APR will vary with the market based on the Prime Rate. 
21.90%.This APR  may be  applied  to  your account  if you 1.  Make a  late payment.  2. 
Make a payment that is returned.How Long will the Penalty APR Apply?: If your APRs 
are increased for any of these reasons, the Penalty APR will apply until you make six 
consecutive minimum payments when due. 

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. 

Minimum Interest Charge  None 

For Credit Card tips from 
the Consumer Financial 
Protection Bureau 
Fees 

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 
www.consumerfinance.gov/learnmore. 

Annual Fee 

$15 

Transaction Fees 

- Balance Transfer 

None 

- Cash Advance 

Either $10 or 3% of the amount of each transaction, whichever is greater 

- Foreign Transaction 

Up to 1% of the transaction amount 

Penalty Fees 

- Late Payment 

$15 or minimum payment amount, whichever is less if payment not received within 15 
days of due date 

- Returned Payment 

Up to $10 

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Section 15. FINANCE 
CHARGE on 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 agreement.