Washington State Employees Credit Union
P.O. Box WSECU
Olympia, WA 98507
(800) 562-0999

IMPORTANT CREDIT CARD DISCLOSURES

The following disclosure represents important details concerning your credit card. The information about costs of the card are
accurate as of August 22, 2010. You can contact us toll free at (800) 562-0999 or P.O. Box WSECU, Olympia, WA 98507 to
inquire if any changes occurred since the effective date.

INTEREST RATES and INTEREST CHARGES:

Annual Percentage Rate
(APR) for Purchases, Cash
Advances, & Balance
Transfers

Paying Interest

Platinum
Rewards

Gold Rewards/
Rebate

Classic

Secured Classic

Student
Rewards

%

%

%

%

%

This APR will
vary with the
market based on
the Prime Rate*.

This APR will
vary with the
market based on
the Prime Rate*.

This APR will
vary with the
market based on
the Prime Rate*.

This APR will
vary with the
market based on
the Prime Rate*.

This APR will
vary with the
market based on
the Prime Rate*.

Your due date is at least 21 days after we mail your billing statement. We will not charge
you interest on purchases if you pay your entire new purchase balance by the due date
each month. For Cash Advances and Balance Transfers, we will begin charging interest
on the transaction date.

Minimum Interest Charge

None

For Credit Card Tips from
the Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card, visit the
website of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard

FEES:

Fees to Open or Maintain
your Account

- Annual Fee:
- Application Fee:

None
None

Transaction Fees

- Balance Transfer:
- Cash Advance:
- Foreign Transaction:

Penalty Fees

- Over-the-Credit Limit:
- Returned Payment:
- Late Payment:

None
2% of the amount advanced up to $25.00
1% of each transaction in U.S. dollars if the transaction involves a currency conversion
0.8% of each transaction in U.S. dollars if the transaction does not involve a currency
conversion

None
None
$25.00 or your minimum payment required, whichever is less. Balances of $25.00 or less
must be paid in full.

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."

*Variable Rates:  The Annual  Percentage  Rate  may  increase  or  decrease  if  the  highest  rate  of  interest  identified  as  the  'Prime  Rate'  in  the  'Money  Rates'
column of the Wall Street Journal increases or decreases. The Annual Percentage Rate will be equal to the Prime Rate plus a margin of: 5.50% for Platinum
Rewards;  6.50%  for  Gold  Rewards/Rebate;  7.50%  for  Classic;  8.50%  for  Secured  Classic;  and  8.50%  for  Student  Rewards.  The  interest  rate  can  change
monthly on the 18th day of the month following a change in the Prime Rate. The Annual Percentage Rate will never be more than 18.00%. Any increase will
take the form of more payments of the same amount.

9009 LASER ML FPDF FI11575 Rev 10-2011

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

Washington State Employees Credit Union
P.O. Box WSECU
Olympia, WA 98507
(800) 562-0999

VISA CREDIT CARD AGREEMENT AND
TRUTH IN LENDING DISCLOSURE

In this Agreement the words "you" and "your" mean each and all of those who apply for the card or who sign this Agreement and everyone who receives, signs or uses a card issued
under this account. "Card" means the VISA Credit Card and any duplicates and renewals we issue. "Account" means your VISA Credit Card Line of Credit account with us. "We", "us"
and "ours" means this Credit Union.

Responsibility

Credit Union Business Days

If  we  issue  you  a  card,  you  agree  to  repay  all  debts  and  the  Interest
Charge  arising  from  the  use  of  the  card  and  the  card  account.  For
example, you are 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 in 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  a  party  to  this Agreement  and  is  also  jointly  responsible  for  all
charges on the account, including yours.

Authorized  Signer: Anyone  who  uses  your  credit  cards  with  your
permission.  More  specifically, someone  who  has  a  credit  card  from  your
account with their name on it. An authorized user is not legally responsible
for the debt and cannot receive information regarding the account.

Joint Account: An  account  shared  by  two  or  more  people.  Each  person
on the account is legally responsible for the debt and the account will be
reported to each person's credit report.

If Your Card is Lost or Stolen or if an Unauthorized Use Occurs

You agree to notify us immediately if your card is ever lost or stolen or if an
unauthorized use may have occurred. The telephone number to call during
regular credit union business hours is (800) 562-0999 and (866) 861-5416
on weekends or after business hours. You agree to follow up your call with
notice in writing to us at: Washington State Employees Credit Union, P.O.
Box  WSECU,  Olympia,  WA  98507.  You  also  agree  to  assist  us  in
determining  the  facts,  circumstances  and  other  pertinent  information
relating to any loss, theft or possible unauthorized use of your credit card
and  comply  with  such  procedures  as  we  may  require  in  connection  with
our 
the  prosecution  of  any
unauthorized  user. You will  be  liable  for  any  unauthorized  use  only  if  we
can prove that you were grossly negligent in your use or handling of your
Credit Card, or if we can prove that you used your Credit Card fraudulently.

including  assisting 

investigation, 

in 

Using the Card

You may use the card issued to you to make purchases in person, by mail,
by telephone, or by internet from merchants and others who accept VISA
credit  cards.  In  addition,  you  may  obtain  cash  advances  from  the  Credit
Union,  from  other  financial  institutions  participating  in  the  VISA  program
and  from  ATMs  (automated  teller  machines)  that  participate  in  the  ATM
VISA program.  You will  need  to  use  your  PERSONAL  IDENTIFICATION
NUMBER (PIN) to obtain a cash advance from an ATM.

Rebate on Purchases (Gold Rebate Only)

The Credit Union will credit to the Account an amount equal to one percent
of  purchases  minus  any  credits  in  the  statement  cycle. The  Credit  Union
reserves  the  right  to  suspend  the  rebate  credit  at  any  time  upon  any
breach  of  the  Agreement.  No  rebate  credit  will  be  made  for  any  cash
advance  or  balance  transfer  transaction.  The  rebate  credit  will  not  affect
any minimum monthly payment requirement.

Illegal Use and Internet Gambling

You agree that all transactions that you initiate by use of your VISA Credit
Card  are  legal  in  the  jurisdiction  where  you  live  and/or  where  the
transaction occurred.  Internet gambling may be illegal in the jurisdiction in
which  you  are  located,  including  the  United  States. You may  not  use  the
card or account for any illegal or unlawful purpose, and we may decline to
authorize  any  transaction  that  we  believe  may  be  illegal  or  unlawful.
Display of a 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.  You  agree  to  repay  according  to  the  terms  of  this
Agreement all transactions you initiate by use of your Credit Card, whether
deemed legal or illegal.

The  Credit  Union's  business  days  are  Monday  -  Friday,  excluding  holidays.
Business hours are Monday - Friday 7:00 a.m. - 7:00 p.m.

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 approved 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  request  an  increase  in  your
Credit  Line  only  by  written  application  to  us,  which  must  be  approved  by  our
credit  committee  or  loan  officer.  By  giving  you  written  notice  our  credit
committee 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 our request and upon termination of this Agreement.

Monthly Payment

We will  mail  you  a  statement  every  month  showing  your  previous  balances  of
purchases  and  cash  advances,  the  current  transactions  on  your  account,  the
remaining credit available under your credit line, the new balances of purchases
and cash advances, the total new balance, the Interest Charge due to date, and
the  minimum  payment  required.  Every  month  you  must  pay  at  least  the
minimum payment by the due date indicated on your statement. If late, we will
assess,  and  you  will  pay  a  late  payment  fee  as  disclosed  to  you  on  your  Visa
Disclosures, or as amended. 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 Interest Charge by doing so. The minimum payment will be 2.5% of
your New Balance rounded to the nearest dollar, or $25.00. If your outstanding
balance is $25.00 or less you agree to pay the balance in full, plus 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  may  accept  checks
marked "payment in full" or with words of similar effect without losing any of our
rights to collect the full balance of your account with us.

Credit Information

You authorized 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 in our By-Laws.

Interest Charges

You can avoid Interest Charges on purchases by paying the full amount of the
New  Balance  of  Purchases  each  month  on  or  before  your  payment  due  date.
Otherwise, the New Balance of Purchases, and subsequent purchases from the
date  they  are  posted  to  your  account,  will  be  subject  to  an  Interest  Charge.
Cash Advances and Balance Transfers - An Interest Charge will be imposed on
cash  advances  and  balance  transfers  from  the  date  each  cash  advance  or
balance transfer is made. There is no time period within which to pay to avoid a
periodic  Interest  Charge  on  cash  advances  or  balance  transfers.  In  addition  to
the Interest Charge imposed by applying the periodic rate, a cash advance fee
(Interest  Charge)  equal  to  the  lesser  of  2%  of  the  cash  advance  amount  or
$25.00 will be imposed on each cash advance. An Interest Charge is calculated
at  the  ANNUAL  PERCENTAGE  RATE  disclosed  to  you  on  your  Visa
Disclosures or as amended on the average daily principal balance of purchases,
cash advances or balance transfers you make and debit adjustments the credit
union  makes  during  the  statement  period.  The  daily  principal  balances  are
totaled, and divided by the number of days in the statement period to produce
separate  average  daily  principal  balances  for  purchases,  cash  advances,  and
balance transfers to which the periodic rate is then applied.

LASER ML FPDF FI11576 Rev 10-2011

page 1 of 3

COPYRIGHT 2005 Securian Financial Group, Inc. All rights reserved.

In this Agreement the words "you" and "your" mean each and all of those who apply for the card or who sign this Agreement and everyone who receives, signs or uses a card issued
under this account. "Card" means the VISA Credit Card and any duplicates and renewals we issue. "Account" means your VISA Credit Card Line of Credit account with us. "We", "us"
and "ours" means this Credit Union.

Other Charges

Your account will be subject to other charges as disclosed to you on your
Visa  Disclosures  or  as  amended. These  charges  may  be  changed  by  us
from time to time in accordance with applicable law.

Default

You may  be  in  default  if  you  fail  to  make  any  Minimum  Payment  on  or
before your payment due date. You will also be in default if your ability to
repay  the  credit  union  is  materially  reduced  by  a  change  in  your
employment,  an  increase  in  your  obligations,  bankruptcy  or  insolvency
proceedings  involving  you,  your  death,  or  your  failure  to  abide  by  this
Agreement, or if the value of the credit union's security interest materially
declines. The Credit Union has the right to demand immediate payment of
your full account balance if you default, subject to the credit union giving
you  any  notice  required  by  law. To the  extent  permitted  by  law, you  will
also  be  required  to  pay  the  Credit  Union's  collection  expenses,  including
court costs and reasonable attorney's fees.

Returns, Adjustments, and Overpayment

Merchants  and  others  who  honor  the  credit  card  may  give  credit  for
returns or adjustments, and they will do so by submitting a credit voucher
which  will  post  to  your  account.    If  your  credit  voucher  and/or  payments
exceed  what  you  owe  us,  we  will  post  the  credit  balance  to  your  credit
card. If the credit stays on your account for 60 days or more the funds will
be 
to  your  share  account.  WSECU  will  not  accept
overpayment to inflate the credit limit.

transferred 

Foreign Transactions

Purchases  and  cash  advances  made  in  foreign  countries  and  foreign
currencies  will  be  billed  to  you  in  U.S.  Dollars.  Transactions  processed
outside of the United States will be charged a foreign transaction fee in an
amount to be determined by the Credit Union, regardless of whether there
is  a  currency  conversion  associated  with  the  transaction. The  conversion
exchange  rate  between  the  transaction  currency  and  the  billing  currency
used for processing international transactions to U. S. Dollars will be from
a range of rates which may vary selected by VISA USA from the wholesale
currency  market  rate  or  the  government  mandated  rate  in  effect  for  the
applicable Central Processing Date (CPD), in each instance, plus or minus
any adjustment determined by the Credit Union as a VISA Issuer. A VISA
International Service Assessment (ISA) Fee will be billed to you separately
as the Foreign Currency Conversion Fee on all cross border transactions.
A foreign transaction is any transaction that you complete or a merchant
completes on your card outside of the U.S., Puerto Rico or the U.S. Virgin
Islands; this may include internet transactions.

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.  Any  other
disputes you must resolve directly with the plan merchant.

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 those
goods  which  have  not  been  paid  for  through  our  application  of  your
payment in the manner described in the Monthly Payment section on page
1  of  this  document.  With  respect  to  this  account  only, we  will  not  assert
any statutory right we may have if you are in default to prevent withdrawal
of  your  unpledged  Credit  Union  shares  (deposits)  below  the  unpaid
balance of your account.

Pledge  of  Share  Account(s)  -  Note:  You  pledge  to  grant  a  security
interest in all joint and individual accounts you have with us now and in
the future to secure your credit card account. You authorize us to apply
the  balance  in  these  account(s)  to  pay  any  amounts  due  under  this
agreement if you should default.

Cross-Collateralization

Your account  is  also  secured  by  any  and  all  property  that  you  have  given  as
security  or  may  give  as  security  in  the  future  under  any  other  credit  or  loan
agreements or security agreements with us.  The terms and conditions of those
credit or loan agreements and security agreements are hereby incorporated into
this VISA Credit Card Agreement as if fully set forth herein.

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.  Subject  to  applicable  law,  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,
amendments  will  apply  to  your  existing  account  balance  as  well  as  to  future
transactions.

No Waiver

The  Credit  Union  can  delay  enforcing  any  of  its  rights  any  number  of  times
without losing the ability to exercise those rights in the future.

Statements and Notices

Statements  and  notices  will  be  mailed  to  you  at  the  most  recent  address  you
have given the Credit Union. Notices sent to any one of you will be considered
notice to all.

Final Expression

This Agreement is the final expression of the terms and conditions of this VISA
line of credit between you and the Credit Union. This written Agreement may not
be contradicted by evidence of any alleged oral agreement.

Record Keeping

You hereby agree that the credit union may keep the portion of the Agreement
which  bears  your  signature  so  we  can  comply  with  federal  and/or  state  law
relating to loan documents the credit union is required to keep in its file.

Non-Transferability

I  agree  that  my  account(s)  are  not  assignable  or  transferable  except  to  the
Credit Union unless specifically authorized in writing by you.

No Liability for Dishonor

The  Credit  Union  will  not  have  any  responsibility  or  liability  to  me  or  others
relating  to  the  dishonor  or  other  return  of  any  check,  draft, ACH  transaction  or
other  order  occurring  as  a  result  of  you  exercising  your  lien  rights  or  freezing
any accounts in order to protect or preserve such rights.

Negative Information Notice

We  may  report  information  about  your  account  to  credit  bureaus.  Late
payments,  missed  payments,  or  other  defaults  on  your  account  may  be
reflected in your credit report.

page 2 of 3

YOUR BILLING RIGHTS: KEEP THIS DOCUMENT FOR FUTURE USE

This  notice  tells  you  about  your  rights  and  our  responsibilities  under
the Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement
If you think there is an error on your statement, write to us at the address(es)
listed on your statement.
In your letter, give us the following information:
1.
2.
3.

Your name and account number.
The dollar amount of the suspected error.
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.
At least 3 business days before an automated payment is scheduled, if
you want to stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. 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.

What Will Happen After We Receive Your Letter
When we receive your letter, we must do two things:
1.

Within 30 days of receiving your letter, we must tell you that we received
your letter. We will also tell you if we have already corrected the error.
Within 90 days of receiving your letter, we must either correct the error or
explain to you why we believe the bill is correct.

2.

While we investigate whether or not there has been an error:
-

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.
While  you  do  not  have  to  pay  the  amount  in  question,  you  are
responsible for the remainder of your balance.
We can apply any unpaid amount against your credit limit.

-

-

-

After we finish our investigation, one of two things will happen:
-

If we made a mistake: You will not have to pay the amount in question or
any interest or other fees related to that amount.

-

If  we  do  not  believe  there  was  a  mistake:  You  will  have  to  pay  the
amount in question, along with applicable interest and fees. We will send
you  a  statement  of  the  amount  you  owe  and  the  date  payment  is  due.
We may then report you as delinquent if you do not pay the amount we
think you owe.

If  you  receive  our  explanation  but  still  believe  your  bill  is  wrong,  you  must
write to us within 10 days telling us that you still refuse to pay. If you do so,
we  cannot  report  you  as  delinquent  without  also  reporting  that  you  are
questioning  your  bill.  We  must  tell  you  the  name  of  anyone  to  whom  we
reported you as delinquent, and we must let those organizations know when
the matter has been settled between us.
If we do not follow all of the rules above, you do not have to pay the first $50
of the amount you question even if your bill is correct.

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.

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.
You must not yet have fully paid for the purchase.

3.
If  all  of  the  criteria  above  are  met  and  you  are  still  dissatisfied  with  the
purchase, contact us in writing at the address(es) listed on your statement.
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.

2.

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