CLASSIC CREDIT CARD AGREEMENT 

In this agreement (called the “Agreement”), the words “you” and “your” mean or refer to each and all persons who 
have applied for the Card or Cards by signing this Agreement. “Card” means the Classic Visa/MasterCard Credit 
Card or Cards and any duplicates and renewals thereof or substitutions thereof we may issue. “Account” means 
your Classic Visa/MasterCard Credit Card line of credit loan account with us. “We,” “us” and “ours” means or 
refers to this Credit Union. This Agreement is a Truth-in-Lending Disclosure Statement as well as a contract. 

1. Responsibility — You have applied to us for a Classic Visa or MasterCard Credit Card line of credit loan, and 
we have approved the loan and issued you a Card.  You promise to repay all debts and the finance charges 
thereon arising from any authorized use of the Card. You agree not to let anyone else use the Card, other than 
the person(s) that you have designated in writing to us as an “authorized user.”  You are agreeing with us that you 
authorize any and all uses such authorized user makes of the Card, whether or not such use was within the 
authority (actual, apparent or implied) that you gave that person in connection with the Card or otherwise.  
Therefore, you will be liable for all such use of the Card. Of course, once you notify us, we will take prompt steps 
to try to prevent any further Card use by that person.  If this Agreement is signed by two persons, the Account is 
joint; that is, each of you, separately and jointly with each other, is liable for all debts on the Account and 
FINANCE CHARGES thereon.  Your obligation to pay all such debts and FINANCE CHARGES thereon continues 
even though an agreement, divorce decree or other court judgment to which we are not a party may direct that 
only one of you, or some person other than you (or both of you), must pay such debts and FINANCE CHARGES. 

2. Credit Line — We have established a self-replenishing line of credit for you and will notify you of the amount 
thereof (“credit limit”) in the mailer in which we send your Card.  That mailer is hereby incorporated herein as part 
of this Agreement. You agree not to let your Account Balance exceed such amount.  Each payment you make on 
the Account will replenish your credit limit by the part of that payment which is applied to principal. You may 
request an increase in the credit limit by a written application, which must be approved by us. We may increase or 
decrease the limit from time to time or may, with good cause, revoke your Card and terminate this Agreement; in 
either event, we will give you written notice of such action. “Good Cause” includes your failure to satisfy the terms 
of this Agreement or our adverse reevaluation of your credit worthiness.  You may terminate this Agreement, at 
any time and for any reason, by giving us written notice.  Nevertheless, termination by you or by us does not 
affect your obligation to pay all debts and FINANCE CHARGES thereon arising from authorized use of your Card. 
The Cards remain our property and you must recover and surrender to us all Cards upon our request or upon 
termination of this Agreement. 

3. Using the Card — Immediately upon receipt of your card(s), each must be signed (in the space provided on the 
back) by the person whose name is embossed thereon.  That signature must be in the same form as embossed 
on the front of the Card. To make a purchase or Cash Advance, present the Card to a participating Visa or 
MasterCard-plan merchant or financial institution, or to us, and sign the sales draft or cash advance draft which 
will be imprinted with your Card. Please note that we are not responsible if a particular Visa/MasterCard-plan 
merchant or financial institution refuses to honor your Card. You will receive a copy of any draft you sign when 
using the Card which you should retain to verify your monthly statement. We will upon request furnish you with a 
copy of a draft at a charge of $5.00 per copy; however, no charge will be made in cases covered by Sec. 226.13 
(F) (2) of the regulation (i.e., Regulation Z) issued under the Truth-in-Lending Act. You agree not to make or 
permit to be made any illegal transactions on your Account through use of a Card, a check, or in any other 
manner. We may deny authorization for any Internet gambling transaction. 

4. Monthly Payment — We will mail you a statement 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 the Minimum Payment required. Every month you must pay the Minimum Payment within 25 days of 
your statement 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 your FINANCE CHARGES by doing so. The Minimum 
Payment will be either (a) 3% of your Total New Balance, or $10.00, whichever is greater; or (b) your Total New 
Balance, if it is less than $10.00 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 our demand. We will apply your payments first to previously billed and unpaid 
FINANCE CHARGES on purchases; then to previously billed and unpaid FINANCE CHARGES on cash 
advances; then to previously billed purchases; then to cash advances; and then to new purchases, whether or not 
billed on the monthly statement. However, any payment equal to, or greater than, the Previous Balance of 
Purchases will be applied first to that balance and any FINANCE CHARGES thereon so as to avoid continuing 
accrual of FINANCE CHARGES on that amount. 

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5. Irregular Payments – Though you need only pay the Minimum Payment Due, you understand that you have the 
right to repay your Account at any time without penalty. You may make larger payments without penalty and this 
may reduce the total amount of Finance Charges that you will pay.  Any payments in excess of the minimum 
required will be applied to the portion of your balance subject to the highest interest rate, if applicable.   

6. Finance Charges — The FINANCE CHARGES hereunder may be increased pursuant to paragraph 10, only if 
you engage in foreign transactions. Your Account will be subject to a FINANCE CHARGES (interest) at the 
periodic rate of 1.08% per month, which corresponds to an ANNUAL PERCENTAGE RATE of 12.96%. The 
FINANCE CHARGES are calculated by applying the above periodic (monthly) rate to the Average Daily Balance 
(including new purchases). An “Average Daily Principal Balance” is calculated separately for purchases and cash 
advances and is determined as follows: For each day during the statement period (billing cycle) the principal 
balances of purchases and of cash advances from the previous day are increased by any purchases or cash 
advances posted to the Account that day and decreased by any payments or credits posted to the Account that 
day. Such daily principal balances are separately totaled and then divided by the number of days in the statement 
period (billing cycle) resulting in the “Average Daily Principal Balances” of purchases and cash advances shown 
on your statement. 

You can avoid FINANCE CHARGES on purchases by paying the full amount of the New Balance of Purchases 
each month within 25 days of your statement closing date. Otherwise, the New Balance of Purchases, and 
subsequent purchases from the date they are posted to your Account, will be subject to FINANCE CHARGES. 
Cash Advances bear FINANCE CHARGES from the date of posting to the Account until paid. There is no FREE 
INTEREST period for Cash Advances. However, you can always keep the FINANCE CHARGES to a  
minimum by making payments, whatever the amount, as promptly and as often as possible. 

7. Other Charges — If your Account balance exceeds your credit limit, the Credit Union may treat your Account as 
being in default under the “Default” provisions of the Agreement and demand payment in full. If the required 
minimum payment due under this Agreement is not paid within 10 days after the payment due date, you must pay 
the Credit Union a LATE CHARGE OF $25.00. No late charge will be imposed after this Agreement has become 
due and payable in full due to default as specified in the section of the Agreement entitled “Default.” 

Your Account may be subject to other charges including a fee of $5.00 for the replacement of card(s) and a $2.00 
fee per copy of statements. A charge of $5.00 will also be billed to your Account for a Personal Identification 
Number (PIN) replacement.* 

A charge of $25 will be billed to your Account for any check made payable to your Account and returned due to 
non-sufficient funds.* 

* ALL FEES SUBJECT TO CHANGE. 

8. Credits — If merchants who honor your Card give you a credit for returns or adjustments, they will do so by 
posting a credit to your Account. You should keep your copy of the credit slip to verify your monthly statement. If 
your credits and payments exceed what you owe us on the Account, we will credit such excess to your savings 
account or we will refund it upon request. 

9. Waiver of Security — Regardless of anything contained in any other loan document you have previously 
signed, we hereby expressly waive any security interest, or pledge of shares or deposits, as security for balances 
owing on this Account. 

10. Foreign Transactions — Purchases and Cash Advances you make in foreign countries and foreign currency 
will be billed to you in U.S. dollars. The conversion to U.S. dollars will be calculated based on a government-
mandated rate in effect one day prior to the Processing Date increased by one percent. 

11. Loss or Theft of Card — You agree to notify us immediately upon discovering that your Card has been lost or 
stolen. Call 1-800-325-3678. 

12. Liability for Unauthorized Use — You understand that your total liability to the Credit Union shall not exceed 
$50.00 for any Card transactions resulting from the loss, theft or other unauthorized use of the Card that occurs 
prior to the time you give notice to the Credit Union. 

13. Default — The Minimum Payment shown on the statement is due by the payment due date as shown on the 
statement. You will be in default if you fail to make the minimum payment by the statement payment due date. 
You will also be in default if (a) you breach any other conditions of the Agreement, (b) if we determine that your 
creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in 

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employment, increase in your other obligations, or because of any other reason, or (c) in the event of your death. 
In the event of any default or in the event this Agreement is terminated by you or by us for any reason, the entire 
balance on the Account becomes due and payable forthwith. You also agree that, in case of default, you will pay 
all usual and customary costs of collection permitted by law, including, but not limited to, attorney fees and 
expenses incurred by us in the enforcement of this Agreement. 

14. 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 our experience with you under 
this Agreement to credit bureaus and other creditors. 

15. Effect of Agreement — This Agreement contains our complete contract relating to the Account and applies to 
every transaction relating to the Account even though a sales, balance transfer or cash advance draft you sign or 
a credit slip may contain different terms. 

16. Amendment of Agreement — From time to time, we may amend this Agreement by giving you written notice 
of the amendment at least 45 days before it goes into effect, unless a shorter notice period is permitted by law. 
The notice will be sent to your last known address appearing in our records when it is sent, and will state the date 
upon which the amendment will become effective.  Except where prohibited by law, all such changes will apply to 
new transactions and to amounts you already owe, unless you provide notice of your election to terminate the 
account and surrender your card(s) on or before the effective date of the changes, in which case you will be 
entitled to repay your balance in accordance with the terms and conditions in effect at that time. 

17. Cash Advance by Machine — We will furnish you with a Personal Identification Number (PIN). If Automated 
Teller Machines (ATMs) or other electronic devices are available while this Agreement remains in effect which 
make it possible for you to obtain a Cash Advance by use of your Card in such a machine, your use of that 
number, together with your Card, in getting a Cash Advance from such a machine is agreed to constitute your 
signature for purposes of such Cash Advance. 

18. Record Keeping — You hereby agree that we may keep the portion of this Agreement that bears your 
signature so that we can comply with federal and/or state laws as relating to loan documents we are required to 
keep in our files. 

19. Credit Union Membership — You understand and agree that the closing of your Credit Union Share Savings 
Account terminates your status as a member of the Credit Union, and upon such closing, you can no longer 
obtain credit with the Credit Union Classic Visa or MasterCard. 

YOUR BILLING RIGHTS — KEEP THIS DOCUMENT FOR FUTURE USE  
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. 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, please tell us your name and Account number, the dollar amount of the suspected error, and 
describe the error and explain why you believe it to be 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 savings 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 you 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 disputed amount while we are investigating, 
but you are still obligated to pay the amount of your bill that is not in question. 

If we find that we made a mistake on your bill, you will not have to pay any FINANCE CHARGES related to any 
disputed amount. If we didn’t make a mistake, you may have to pay FINANCE CHARGES, and you will have to 

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make up any missed payments on the disputed amount. In either case, we will send you a statement of 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 your Account as delinquent. 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 disputed your bill. We must tell you the name of anyone we report you 
to, and we must tell anyone we report you to that the matter has been settled when it finally is. 

If we don’t follow these rules, we can’t collect the first $50.00 of the questioned amount, even if your bill was 
correct. 

Special Rule on 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 your home state, 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 if we mailed you the advertisement for the 
property or services. 

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the 
basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity 
to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance 
program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection 
Act. The agency that administers compliance with this law concerning this Credit Union is: 

The Office of Financial and Insurance Regulation 
P.O. Box 30220 
Lansing, MI 48909-7720  

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