Credit Card
Agreement

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. Any other disputes you
must resolve directly with the plan merchant.

21. Non Waiver of Rights: We can delay enforcing any of
rights under this Agreement without losing those rights.
We can accept late payments or partial payments without
losing any of our rights under this Agreement.

22. 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
the 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,  amendment  will  apply  to  your
existing  account  balance  as  well  as  to  future  transac-
tions.

23. Acceptance  of  Agreement:  You  understand  that  the
use of your Visa Card will constitute acknowledgment of
receipt of these disclosures and acceptance of the terms
and conditions contained in the Agreement.

24. Security: To secure your account, you grant us a pur-
chase money security interest under the Uniform Com-
mercial  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  payments  in  the  manner  de-
scribed herein.
Pledge  of  Share  Accounts:  You  pledge  to  us  and
grant  a  security  interest  in  all  joint  and  individual
accounts you have with Auburn University Federal
Credit Union now and in the future, except shares in
Individual Retirement Accounts and accounts where
the pledge or transfer of which would cause the loss
of a tax-exempt or tax-deferred status, to secure your
credit card account. You authorize us to apply the
balance in these account(s) to pay any amount due
under this Agreement if you should default.

25. Governing  Law:  Except  to  the  extent  Federal  law  is
applicable, the validity, construction and enforcement of
this Agreement and all matters arising out of issuance
and use of the Card shall be governed by the laws of the
State of Alabama.  If any part of this Agreement shall be
held invalid or unenforceable, then this Agreement shall
be construed as if it did not contain those provisions and
the Credit Union’s rights and obligations shall be con-
strued and enforced accordingly.

26. Limitation  on  Lawsuits:    You  agree  that  any  lawsuit
based on any cause of action for which you may have
against us must be filed within one year from the date that
it arises or you will be barred from filing suit. This limitation
is intended to include tort, contract, and all other causes
of action for which you and we may lawfully contract set
limitations for bringing suit.

27. Notice:  You  agree  that  the  address  in  the  Visa  Card
application is the proper address for all notice(s) required
by this Agreement and you further understand that any

changes in this address must be submitted to us in writing
to be effective.

28. Notice Regarding Telephone Contact: You agree that
the Credit Union, its agents and other service companies
may  without  the  need  to  seek  additional  confirmation
from you monitor, and/or record any telephone commu-
nication with you to insure inquires from you are handled
promptly, courteously and accurately.

YOUR BILLING RIGHTS — KEEP THIS NOTICE 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 that 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  savings  or  shared  draft  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  in  question,  including  finance  charges,  and  we  can
apply an unpaid amount against your credit limit. You do not have
to pay any questioned amount while we are investigating, but you
are still obligated to pay the parts of your bill that are 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 questioned amount. If we
didn’t make a mistake, 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 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
you as delinquent. However, if our explanation does not satisfy you
and you write us within ten (10) 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. We must tell anyone we report you to that the matter
has been unsettled between us when it finally is.
If we don’t follow these rules, we can’t collect the first $50 of the
questioned amount, even if your bill was correct.

 © 2010 ConmarSystems, Peachtree City, GA  30269—CFS  18959 Rev. 6/15

Special Rule For Credit Card Purchases.
If you have a problem with the quality or 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 service. There
are two limitations on 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

These limitations do not apply if we own or operate the merchant,
or if we mailed you the advertisement for the property or services.
AUBURN  UNIVERSITY
Federal  Credit  Union

7.90%-15.00%  when  you
open  an  account  based  on  your
creditworthiness
7.90%-15.00%  when  you
open  an  account  based  on  your
creditworthiness
7.90%-15.00%  when  you
open  an  account  based  on  your
creditworthiness
Your  due  date  is  at  least  25  days
after  the  close  of  each  billing
cycle.  We  will  not  charge  you
interest  on  purchases  if  you  pay
your      entire  balance  by  the  due
date  each  month.

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

ANNUAL
PERCENTAGE RATE
for  Purchases

ANNUAL
PERCENTAGE RATE
for  Balance  Transfers

ANNUAL
PERCENTAGE RATE
for  Cash  Advances

How To Avoid Paying
Interest  on  Payments

For Credit Card Tips
From  the  Consumer
Financial  Protection
Bureau

FEES
Set-up And
Maintenance  Fees
  Annual Fee
  Cash Advance Fee

  Replacement Card Fee
Transaction  Fees
Penalty  Fees
    Late  Payment
    Returned Payment Fee

How  We  Will  Calculate  Your  Balance:  We  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.

NONE
$  5.00 or 2% of the amount
advanced
$10.00
NONE

up  to  $20.00
$18.00

P.O. Box 1610
Auburn, Alabama 36831
(334) 844-4120
(888) 899-2112

AUBURN  UNIVERSITY  FEDERAL  CREDIT  UNION  VISA®
CREDIT  CARD  AGREEMENT  AND  TRUTH-IN  LENDING
D I S C L O S U R E

In this Agreement, the words, you and your mean each and all of
those who bind themselves to the Agreement. Card Means the
Visa  Credit  Card  and  any  duplicates  and  renewals  the  Credit
Union issues. Account means your Visa account with the Credit
Union.  Credit  Union  means  Auburn  University  Federal  Credit
Union.  This  Agreement  is  a  final  expression  of  the  terms  and
conditions of this VISA account between you and the Credit Union
and  may  not  be  contradicted  by  evidence  of  any  alleged  oral
agreement.

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 and any
fees or charges associated with 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
you recover the Card, and all charges are paid. 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 responsible with you for charges he or
she makes, but if that person signs the Card he or she
becomes  party  to  this  Agreement  and  is  also  jointly
responsible for all charges on the account, including
yours.
Joint Accounts: If this is a joint account each person
on the account will be individually and jointly respon-
sible  for  paying  all  amounts  owed  under  this  Agree-
ment. This means that the Credit Union can require any
one of you individually to repay the entire amount owed.
Each of you authorizes the other(s) to make purchases
or  cash  advances  individually.  Any  one  of  you  may
terminate the Account and the termination will be effec-
tive for all of you.
Lost Card Notification: If you believe your Card or PIN
has been lost or stolen, you should immediately call
800-991-4964 at any time. You agree to follow up your
call by writing to us at: Credit Card Security, PO Box
30035, Tampa. FL 33630.  We may charge a reason-
able fee to replace your Card.
Liability for Unauthorized Use of Credit Card: We
may hold you liable for the unauthorized use of your
card. You will not be liable for unauthorized use that
occurs after you notify us orally or in writing of the loss,
theft, or possible unauthorized use of your card. If the
unauthorized use occurred at an ATM, your liability will
not exceed $50.00.

2.

3.

4.

5. 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 ap-
proved  Credit  Line.  Each  payment  you  make  on  the
account will restore your Credit Line by the amount of
the  payment  which  is  applied  to  principal.  You  may

2010 ©ConmarSystems, Peachtree City, GA 30269 - CFS  18959 Rev. 6/15

request an increase in your Credit Line by contacting our
Credit Department and complying with any request required
to update your application, which must be approved by our
credit committee or 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 Agree-
ment. Good cause includes your failure to comply with this
Agreement  or  our  adverse  re-evaluation  of  your  credit-
worthiness. You may also terminate this Agreement at any
time, but termination by either or 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 our request and upon termination of this Agreement.
6. 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 our By-laws.

7. Monthly Payment: We will mail a statement every month
showing  your  Previous  Balance  of  purchases  and  cash
advances on your account, the remaining credit available
under your Credit Line, the New Balance of purchases and
cash  advances,  the  Total  New  Balances,  the  FINANCE
CHARGE  due  as  of  the  statement  date,  any  other  billed
fees, and the Minimum Payment required. Every month you
must  pay  at  least  the  minimum  payment  shown  on  your
statement by the payment due date. By separate agree-
ment, you may authorize us to charge the minimum pay-
ment automatically to your share or draft account with us.
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. How-
ever, if a balance remains owing, you must always pay at
least  the  minimum  payment  each  month.  The  Minimum
Payment  will  be  either  (a)  2%  of  that  portion  of  the  new
balance which does not exceed your credit limit plus the
entire portion of the new balance in excess of your credit
limit, plus any amount past due, or $20.00, whichever is
greater,  or  (b)  your  Total  New  Balance  if  it  is  less  than
$20.00.  In  addition,  at  any  time  your  Total  New  Balance
exceeds your Credit Line, you must immediately pay the
excess  upon  our  demand.  Payments  are  applied  in  the
following order: (1) finance charge; (2) miscellaneous fees;
(3) principal. Merchant credits are applied in the following
order:  (1)  principal;  (2)  miscellaneous  fees;  (3)  cash  ad-
vance fees; (4) late fees; (5) interest due [finance charges].
When  payments  are  made,  the  principal  is  reduced  as
follows: (1) purchase balance as of the last statement; (2)
cash  advance  balance  as  of  the  last  statement;  (3)  pur-
chases this cycle; (4) cash advances this cycle.

9.

8. Annual Percentage Rate: At the date these disclosures
are made to you, your account will be subject to a monthly
periodic rate of 0.6583%-1.25% which corresponds to an
ANNUAL  PERCENTAGE  RATE  of  7.90%-15.00%.  This
rate applies to Visa Classic and Visa Gold accounts.
Finance Charges for Purchases: You can avoid FINANCE
CHARGES on purchases by paying the full amount of the
New Balances of Purchases each month within 25-days of
your statement closing date. Otherwise, the New Balance of
Purchases, from the date they are posted to your account,
will be subject to FINANCE CHARGES. The principal bal-
ances of purchases 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 you make
and the debit adjustments we make during the statement
period. The Daily principal balances are totaled and divided
by the number of days in the statement period, to produce
the average daily principal balances for purchase to which
the daily rate is then applied.

10. Finance Charges for Cash Advances: You will pay inter-
est on each cash advance from the day we charge it against
your  account.  Interest  is  imposed  on  the  average  daily
balance of cash advance and will continue to accrue on the
unpaid average daily balance from the date made or from
the first day of the billing cycle in which cash advance is
posted to your account, whichever is later, and will continue
to accrue until the date of payment. The FINANCE CHARGE
for  a  billing  cycle  is  computed  by  applying  the  monthly
periodic  rate  to  the  average  daily  balance  of  Cash  Ad-
vances, 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 of Cash Advances is determined
by  adding  to  the  outstanding  unpaid  balance  of  Cash
Advances at the beginning of the billing cycle any new Cash
Advances received and subtracting any payments as re-
ceived or credits posted to your account, but excluding any
unpaid FINANCE CHARGES.

11. Transaction  Finance  Charge:  The  transaction  finance
charge is a one-time charge made each time a new cash
advance is posted to your account. The charge for each
cash  advance  obtained  through  any  ATM  is  $5.00.  the
charge for each cash advance obtained through any other
source is 2% of the amount of the advance, but in no event
less than $5.00. Since Transaction Finance Charges are
one-time charges that must be reflected in calculating the
Annual  Percentage  Rate  disclosure,  the  actual  Annual
Percentage Rate shown on your periodic statement may
exceed the corresponding Annual Percentage Rate (which
is based on the periodic finance charge) in any month for
which a new cash advance is posted to your account.

12. Fees:

a. Replacement card fee – we reserve the right to

charge you $10.00 to replace a card.

b. NSF checks – we charge $18.00 for receipt of a

non-sufficient funds check.

13. Late Charges: If we do not receive at least your minimum
required payment within ten (10) days after the closing date
subsequent to the payment due date indicated on your
billing statement, we will charge  you a fee up to $20.00 for

        each late payment.
14. Default:  You  will  be  in  default  if  you  fail  to  make  any
Minimum Payment by the payment due date. You will also
be in default if your ability to repay us is materially reduced
by  a  change  in  your  employment,  an  increase  in  your
obligations, bankruptcy or insolvency proceedings against
you or your spouse, your death or your failure to abide by
this agreement or if the value of any security interest you
have given us materially declines, there is an attachment,
execution  or  levy  against  your  property  or  you  make  an
assignment for the benefit of creditors, a guardian, conser-
vator, receiver, custodian or trustee has been appointed for
you, you are generally not paying your debts as they come

due, you fail to pay any other loan with us or you have made
any  false  or  misleading  statement  on  the  application  for
VISA. If you are in default, we may, without notifying you,
temporarily  suspend  your  account,  close  your  account,
cancel  all  credit  cards  and  we  have  the  right  to  demand
immediate payment of your full account balance.

15. Collection Costs:  The Credit Union may file suit to collect
what you owe. If the Credit Union incurs any expenses in
taking action or in protecting its rights, you agree to pay all
costs of collecting the amount owed under this Agreement
including reasonable attorneys’ fees not in excess of fifteen
percent (15%) of the unpaid debt if the amount financed
hereunder  exceeds  $300.00  and  the  debt  is  referred  for
collection to an attorney who is not our employee.

16. Using the Card: To make a purchase or cash advance, you
may  present  the  Card  to  a  participating  Visa  Card  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, which you
should retain to verify your monthly statement. You can use
your card to obtain cash advances up to $360.00 per day
from any authorized Auburn University Federal Credit Union
Automated Teller Machine (ATM).

17. Legal Transactions: You may use your Auburn University
Federal Credit Union Visa Card to conduct any transaction
or obtain any Credit Union service permitted by law. You
agree that the use of the Card to obtain a service or effect
a transaction that is illegal under the law of any jurisdiction
where originated, effected or accomplished will be a default
and  breach  of  this  Agreement.  We  may  terminate  the
access to the service or withdraw the right to use the Card
and/or demand the return of all Visa card or access devices
issued to you. If illegal use of your Card occurs, you waive
the right to sue Auburn University Federal Credit Union and
agree to indemnify and hold us harmless from any suits or
other legal action or liability which may be asserted, directly
or indirectly, against Auburn University Federal Credit Union
arising out of or resulting from the illegal use of the Visa
Card.

18. 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 your 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.

19. 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 determined in accordance with the operating regula-
tions established by VISA International. Currently the con-
version rate used to determine the transaction amount in
U.S. dollars is generally either a government-mandated rate
or the wholesale rate in effect the day before the transaction
processing date, increased by 1%. The currency conver-
sion rate used on the processing date may differ from the
rate that would have been used on the purchase date or
cardholder statement posting date.

20. 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 and services your