GENERAL TERMS

Lien on Shares/Security Interest: If I have voluntarily agreed
to a lien on shares in my Visa® Application, I understand
and agree that if I am in default on the Account, you
may impress and enforce a lien on all shares (except IRA
accounts) then on deposit needed by you to repay the unpaid
balance of the Account in accordance with California
Financial Code §14856 and your bylaws. Property given
as security under this Agreement, or for any other loan,
with the exception of real property, secures all amounts 
I owe to the Credit Union now and in the future.
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, INTEREST CHARGES and other FINANCE
CHARGES, and any other fees and charges.
Prepayment or Irregular Payments: Though I need only
pay the minimum monthly payment, I understand that I
have the right to repay the unpaid balance at any time
without penalty. I also understand that I will only be
charged INTEREST CHARGES to the date I repay the unpaid
balance. I may make larger payments without penalty and
this may reduce the total amount of INTEREST CHARGES
that I will repay. Any partial payment of the unpaid balance
will not delay my next scheduled due date(s). I understand
that any payment that (a) delays or (b) accelerates the
repayment of my unpaid balance will (a) increase or 
(b) decrease my INTEREST CHARGES.
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; (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, I agree
to pay the costs thereof, reasonable attorneys’ fees, and
other expenses. I understand and agree that INTEREST
CHARGES at the ANNUAL PERCENTAGE RATE as permitted
under this Agreement will continue to accrue until I
repay my entire loan.
Responsibility: I agree to repay you according to the
terms of this Agreement for all purchases, advances,
INTEREST CHARGES and other FINANCE CHARGES, and late
charges, 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.
Delay in Enforcement: You can delay enforcing any of your
rights, any number of times under this Agreement without 
losing them.
Termination of Account: You may terminate this Agreement
upon my default. Either you or I may terminate this Agreement
at any time by notice to the other in writing. In no event shall
any termination relieve me of my obligation to repay sums
already borrowed, collection costs and late charges, if any, and
INTEREST CHARGES and other FINANCE CHARGES. The Card(s) I
receive remain the property of the Credit Union and I must
recover and surrender to the Credit Union all cards upon request
or upon termination of this Agreement whether by me or the
Credit Union. I agree to return all the Cards issued to me or
any party designated by me.
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 Account Balance,
including INTEREST CHARGES and other FINANCE CHARGES, late
charges, and your collection costs, reasonable attorneys’ fees,
and court costs (collectively, “collection-related charges”). I
understand and agree that I will be subject to INTEREST CHARGES
(at the applicable Monthly Periodic Rate), late charges, and 
collection-related charges under the terms disclosed in this
Agreement, until I repay my entire Account Balance.  
Governing Law: I understand and agree that this Agreement 
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.
Unauthorized Use: If I notice the loss or theft of my Card or a 
possible unauthorized use of my Card, I should write to you 
immediately at:

P.O. Box 60890, Los Angeles, CA 90060-0890,

or call you at (800) 231-1626 during business hours or 
(800) 682-6075 after business hours and on weekends and holidays.

I will not be liable for any unauthorized use that occurs after I
notify you.  I may, however, be liable for unauthorized use that
occurs before my notice to you. In any case, my liability will not
exceed $50. My liability may be lower in cases of Visa® Card fraud
in accordance with Current Visa® U.S.A., Inc. Operating Rules.
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. Full satisfaction of indebtedness
shall be accepted by you only in a written agreement, signed
by an authorized representative.

Integrated Document(s): Any separate sheet of paper labeled
“Additional Disclosure – Federal Truth-in-Lending Act” which is
delivered together with this Agreement is an integrated part of
the Agreement.
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.
Statements and Notices: I will receive a statement each month
showing transactions on my Account. Statements and notices will
be mailed to me at the most recent address I have given the
Credit Union. Notice sent to any one of us will be considered
notice to all. I agree to promptly notify the Credit Union if I
change my mailing address.
Electronic Fund Transfers: In the event a use of the Account, 
Card or the Account number of the Card constitutes an Electronic
Fund Transfer, the terms and conditions of my Electronic Fund
Transfers Agreement and Disclosure with you shall govern such
transactions to the extent the Electronic Fund Transfer Agreement
and Disclosure expands or amends this Agreement.
Accuracy of Information: The information provided in my request
for credit (Application) is accurate and I will notify you in writing
immediately if there is a change in my financial condition. You
may retain the Application.  You may gather credit and/or
employment information you deem necessary and appropriate
from time to time and you may give information concerning 
your credit experience with me to others.
Transfer of Account:  I cannot transfer or assign my Account to
any other person or entity.
Copy Received:  I acknowledge receipt of a copy of this
Agreement and agree to its terms. I understand and agree that
anyone who applies for, signs or uses the Classic Visa®, Student
Visa® or Platinum Visa® Card Account agrees and accepts the
terms and conditions of this Agreement. 

MY BILLING RIGHTS
(Keep this Notice for future use.)

This notice tells me about my rights and your responsibilities
under the Fair Credit Billing Act. 

What To Do If I Find a Mistake on My Statement

If I think there is an error on my statement, I must write to you
at: 

Los Angeles Firemen’s Credit Union
P.O. Box 60890
Los Angeles, CA 90060

I may also contact you via secure email through FIRE OnLine
Home Banking at www.lafirecu.org.  

In my letter, I must give you the following information:

To use this right, all of the following must be true:

• Account information: My name and Account number.
• Dollar amount: The dollar amount of the suspected error.
• Description of  problem:

If I think there is an error on my bill, 
I must describe what I believe is wrong and why I believe it is 
a mistake.

I must contact you:

• Within 60 days after the error appeared on my statement.  
• At least 3 business days before an automatic payment is 

scheduled, if I want to stop payment on the amount I think is 
wrong.  

I must notify you of any potential errors in writing or electronically.
I may call you, but if I do you are not required to investigate any
potential errors and I may have to pay the amount in question.  

What Will Happen After You Receive My Letter

When you receive my letter, you must do two things:

1. Within 30 days of receiving my letter, you must tell me that you 
received my letter. You will also tell me if you have already 
corrected the error.

2. Within 90 days of receiving my letter, you must either correct the 

error or explain to me why you believe the bill is correct.

While you investigate whether or not there has been an error:

• You cannot try to collect the amount in question, or report me 

as delinquent on that amount.

• The charge in question may remain on my statement, and you 

may continue to charge me interest on that amount.
• While I do not have to pay the amount in question, I am 

responsible for the remainder of my balance.

• You can apply any unpaid amount against my credit limit.

After you finish your investigation, one of two things will happen:

1. The purchase must have been made in my home state or within 

100 miles of my current mailing address, and the purchase price must
have been more than $50.  (Note: Neither of these are necessary if 
my purchase was based on an advertisement you mailed to me, of if 
you own the company that sold me the goods or services.)

2. I must have used my credit card for the purchase. Purchases made 
with cash advances from an ATM or with a check that accesses 
my credit card account do not qualify.

3. I must not have fully paid for the purchase.

If all of the criteria above are met and I am still dissatisfied with the
purchase, I must contact you in writing or electronically at:

Los Angeles Firemen’s Credit Union
P.O. Box 60890
Los Angeles, CA 90060

I may contact you via secure email through FIRE OnLine Home Banking
at www.lafirecu.org.

While you investigate, the same rules apply to the disputed amount as
discussed above. After you finish your investigation, you will tell me
your decision. At that point, if you think I owe an amount and I do not
pay, you may report me as delinquent. 

VISA

®

VISA® CARD
AGREEMENT &
TRUTH-IN-
LENDING
DISCLOSURE
STATEMENT

• If  you made a mistake:

I will not have to pay the amount in 
question or any interest or other fees related to that amount.
I will have to pay 

• If  you do not believe there was a mistake:

the amount in question, along with applicable interest and fees.
You will send me a statement of the amount I owe and the date
the payment is due. You may then report me as delinquent if I 
do not pay the amount you think I owe.

If I receive your explanation but still believe my bill is wrong, I must
write to you within 10 days telling you that I still refuse to pay. If I
do so, you cannot report me as delinquent without also reporting
that I am questioning my bill. You must tell me the name of anyone
to whom you reported me as delinquent, and you must let those
organizations know when the matter has been settled between us.  

If you do not follow all of the rules above, I do not have to pay the
first $50 of the amount I question even if my bill is correct.

My Rights If I Am Dissatisfied With My Credit Card Purchases

If I am dissatisfied with the goods or services that I have purchased
with my credit card, and I have tried in good faith to correct the
problem with the merchant, I may have the right not to pay the
remaining amount due on the purchase.

815 Colorado Blvd. • Los Angeles, CA  90041
800-231-1626 • www.lafirecu.org

                                    Funds on deposit are insured up to $500,000 per 
                               account.  This institution is not federally insured,
                                and if the institution fails, the Federal Government 
does not guarantee that depositors will get back their money.  
Accounts with this institution are not insured by any state government.

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any retailer that participates in the Verified by Visa® merchant pro-
gram. If  I do not register my Card in this program, I will not be able to
make the online purchase with the participating Verified by Visa®
merchant. There is no fee to register my Card and, for my protection,
you encourage me to do so.
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 any of its terms and
conditions, including financial terms such as the method of application
and the amount of any INTEREST CHARGE, Transaction Fee, or other
FINANCE CHARGE, ANNUAL PERCENTAGE RATE, monthly periodic rate
and/or fee in accordance with applicable laws. If required by applicable
law, you will mail 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.  If you are
required by applicable law to provide me a right to reject significant
changes to this Agreement, you will provide me with an explanation
of how to reject the significant changes, unless I fail to make a required
minimum payment within sixty (60) days after its due date.  You may
change the terms of this Agreement 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.

For my Classic Visa®, Student Visa®, and Platinum Visa®, or
CPF Visa® Card Account the following Disclosures Apply:

Average Daily Balance (including current transactions): In order to
avoid an INTEREST CHARGE on purchases made since my last statement
date, I must generally pay in full the New Balance shown on my last
statement within 25 days of the statement closing date (this 25 day
period is known as my “grace period”). Otherwise, an INTEREST
CHARGE on purchases is calculated from the beginning of the next
statement period on previously billed but unpaid purchases and on
new purchases from the date they are posted to my Account. If I have a
grace period to pay the New Balance for any billing cycle, and do not
pay the New Balance in full during this grace period, INTEREST CHARGES
will be assessed on any portion of the New Balance not paid during
the grace period using the Average Daily Balance method as explained
below. The Payment Due Date disclosed on each periodic statement
provided to me is the last day of my grace period for that statement’s
billing cycle.

Cash advances are always subject to an INTEREST CHARGE from the
date of the cash advance, or the first day of the billing cycle in which
a cash advance is posted, whichever is later.

Separate average daily balances are calculated for purchases and cash
advances. The INTEREST CHARGE is calculated by multiplying the
average daily balances by the applicable monthly periodic rate. To
get the average daily balance for purchases, you take the beginning
purchase balance of my Account each day, add any new purchases,
and subtract any payments or credits.  This gives you the daily balance
for purchases.  Then, you add up all the daily balances for purchases
during the billing cycle and divide the total by the number of days in the
billing cycle. This gives you the “average daily balance” for purchases.

To get the “average daily balance” for cash advances, you take the
beginning cash advance balance of my Account each day, add any

new cash advances, and subtract any payments or credits.  This
gives you the daily balance for cash advances. Then, you add up all
the daily balances for cash advances during the billing cycle and
divide the total by the number of days in the billing cycle. This
gives you the “average daily balance” for cash advances.  

New purchases are not subject to INTEREST CHARGES if I paid the
New Balance for purchases on my last statement by the end of the
grace period or if I did not have a purchase balance on my last
statement. Fees are not included in  the calculation of the average
daily balance. INTEREST CHARGES will continue to accrue on my
Account until what I owe under this Agreement is paid in full.

This determines my total periodic INTEREST CHARGES for the billing
cycle. Actual periodic INTEREST CHARGES will be shown on my periodic
statement.

For my Classic Visa® or Student Visa® Account the following
Non-Variable Rate Disclosures apply:

INTEREST CHARGE: The INTEREST CHARGE is calculated by 
multiplying the average daily balances by a Monthly Periodic Rate
of 0.999%, which is an ANNUAL PERCENTAGE RATE of 11.99%.

For my Platinum Visa® or CPF Visa® Card Account the 
following Non-Variable Rate Disclosures apply:

INTEREST CHARGE: The INTEREST CHARGE is calculated by multiplying
the average daily balances by a Monthly Periodic Rate of ________%,
which is an ANNUAL PERCENTAGE RATE of ________%.
Other Charges: The following other charges will be added to my
Account, as applicable:

LATE PAYMENT FEE*: 
Up to $15.00
RETURNED PAYMENT FEE:  Up to $22.00

*If  the minimum payment due is not received within 15 days after
the due date.
Credit Information:  I authorize the Credit Union to investigate my
credit standing when opening or reviewing my Account. From time
to time you may request, and I agree to provide, current or additional
information regarding my financial condition. I authorize the Credit
Union to disclose information regarding my Account to credit bureaus
and creditors who inquire about my credit standing. Pursuant to
California state law, I am hereby notified that a negative credit
report reflecting on my credit record may be submitted to a credit
reporting agency if I fail to fulfill the terms of my credit obligations.
Minimum Monthly Payment: Each month I must pay at least the
minimum payment shown on my statement within 25 days of the
statement closing date. I may, of course, pay more frequently, pay
more than the minimum payment, or pay the Total New Balance
in full. If I make extra payments or larger payments, I am still
required to make at least the minimum payment each month my
Account has a balance. The minimum payment required is the
total New Balance as shown on my monthly billing statement if
the amount is under $25.00. If the New Balance exceeds $25.00
the minimum periodic payment is 2.50% of that portion of the
New Balance which does not exceed my credit limit, plus the
entire portion of the New Balance in excess of my credit limit,
plus any amount past due, or $25.00, whichever is greater. 

At any time my New Balance exceeds my Credit Limit, I must
immediately pay the excess upon demand. 

I understand and agree that any Minimum Monthly Payment made
by me will be applied in the following order: (a) Unpaid fees and
charges; (b) Unpaid periodic interest charges due on purchases,
advances, and balance transfers; (c) Unpaid principal balances
on purchases, advances, and balance transfers. If two or more
transactions are posted on the same day, my payment will be
applied first to the smaller of them. Any payment I make in
excess of the Minimum Monthly Payment will be applied to my
balances subject to the highest ANNUAL PERCENTAGE RATE first,
then to balances subject to lower ANNUAL PERCENTAGE RATES,
in descending order of ANNUAL PERCENTAGE RATES until all
balances subject to an ANNUAL PERCENTAGE RATE are paid in
full. Thereafter, you will apply all payments in excess of the
Minimum Monthly Payment, if applicable, in the same order 
as you apply the Minimum Monthly Payment.

The “Payment Due Date” will be shown on my monthly billing
statement.
Returned Payment Fee: If a payment that was applied to my
Account is returned to you unpaid for any reason, I will be charged
up to a $22.00 fee.
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) 231-1626 or after hours or on weekends or
holidays at (800) 682-6075. Telephoning is the best way of
keeping my possible losses down. I understand that my total
liability to you shall not exceed $50.00 for any Account and/or
Card transactions resulting from the loss, theft, or other 
unauthorized use of the Account and/or Card that occurs prior
to the time I give notice to you. Such liability does not apply
when the Account and/or Card is used to make an electronic
transfer. I agree to cooperate fully in any investigation the
Credit Union may conduct in connection with the possible 
loss, theft, or unauthorized use of my Card.
Returns and Adjustments: Merchants and others who honor
the Card may give credit for returns or adjustments, and they
will do so by sending the Credit Union a credit slip which will
be posted to my Account. If my credits and payments exceed
what I owe the Credit Union, the amount will be applied against
future purchases and cash advances. If the amount is $1.00 or
more, it will be refunded upon my written request or automatically
after six months
Foreign Transactions:  Transactions initiated in foreign currencies
will be billed to the Account in U.S. dollars. The conversion to
U.S. dollars will be made in accordance with the Visa® operating
regulations for international transactions. 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, plus a one percent (1%) International Service Assessment

(ISA) fee for the currency conversion. 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.
The currency conversion fee will appear separately on the
Account statement for each foreign transaction converted
to U.S. dollars.

U.S. dollar transactions made in foreign countries will be
billed to the Account in U.S. dollars. An ISA fee of one
percent (1%) will be billed to the Account for transactions
conducted in U.S. dollars in a foreign country. The ISA fee
will appear separately on the Account statement for each
foreign transaction conducted in U.S. dollars.  

Credit Vouchers (also known as returns) and Cash Reversals
will not be billed either a currency conversion fee or an
ISA fee, nor will transactions conducted on a U.S. military
base, in a U.S. Territory, or within a U.S. Embassy or consulate.
Transaction Slips: My periodic statement will identify the
merchant, electronic terminal or financial institution at
which transactions were made, but sales, cash advance,
credit 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: The Credit Union is not responsible
for the refusal of any plan merchant or financial institution
to honor the Account and/or Card. The Credit Union is
subject to claims and defenses (other than tort claims)
arising out of goods or services I purchase with the Card
if I have made a good faith attempt but have been unable
to obtain satisfaction from the plan merchant or service
provider, and (a) my purchase was made in response to 
an advertisement the Credit Union sent, provided, or 
participated in sending to me; or (b) my purchase cost
more than $50 and was made in my state or within 100
miles of my home.  Any other dispute, I must resolve
directly with the plan merchant.
Effect of Agreement: This agreement is the contract which
applies to all transactions on my Account even though
the sales, cash advances, credit or other slips I sign or
receive may contain different terms.
Overdraft Protection: You may, but shall not be required
to, transfer funds in such increments as you may determine
from time to time to clear any overdraft on my Share Draft
Account by an advance on my Visa® depending on the
overdraft sequence I selected for my overdraft protection.
Whether or not such a transfer occurs will be controlled by
your Visa® Card and Truth-In-Savings Disclosure Agreements.
In any event, I hold you harmless from any and all liability
which might otherwise arise if the transfer does not occur.
My overdraft protection automatically ceases if the
Agreement is ever cancelled or terminated or my Account
is in default.

Continued on page 7

In this Visa® Card Agreement and Truth-in-Lending Disclosure Statement
(“Agreement”), the words I, me, mine and my mean each and all of
those who sign an application with the Credit Union for a Visa® credit
card, and/or the person or persons who use or authorize the use of
a Los Angeles Firemen’s Credit Union Visa® credit card. The words, you,
your and yours mean Los Angeles Firemen’s Credit Union. Card means
the Los Angeles Firemen’s Credit Union Classic Visa®, Student Visa®,
Platinum Visa®, or CPF Visa® credit card and any duplicates and renewals
the Credit Union issues to me. Account means my Classic Visa®,
Student Visa®, Platinum Visa®, or CPF Visa® credit card line of credit
account with the Credit Union. 

Upon your credit approval, you will establish an open-end credit line for me.
VISA® CARD

Using the Account:  If my application for a Visa® Account is approved,
I agree not to let my Account balance exceed my Credit Limit. Each
payment I make on the Account will restore my credit limit by the
amount of the payment which is applied to the principal amount of
purchases and cash advances. 
Using the Card: I may use my Card to purchase goods and services
in person, and by mail, telephone or Internet* from merchants and
others who accept Visa® credit cards. I may not use my card for any

illegal transaction. In addition, I may obtain cash advances from the
Credit Union, from other financial institutions participating in the Visa®
program and from automated teller machines (ATMs), such as Visa®
Network, that provide access to the Visa® system. (Not all ATMs provide
such access.) I will need to use my Personal Identification Number (PIN)
to obtain a cash advance from an 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: 
(1) any illegal activity or transaction; or (2) any gambling, gaming, betting,
or similar activity or transaction. 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 wagering. 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.

*Verified by Visa® Requirement: To protect my Visa® Card against any
unauthorized online purchases, I will be required to register my Card in
the Verified by Visa® program in order to make an online purchase with

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