APR-23-2014 14:45 7325944301 Merck Employees Federal Credit Union MasterCard/ Visa Platinum Credit Card Account Disclosure Statement & Your Billing Rights Keep This Important Agreement, Diéclosura & Summary For Your Records This is a joint Cardholder Agreement for both the MasterCard and Visa Platinum Credit Card programs offered hy the Merck Employees Federul Credit Union. 1, GENERAL INFORMATION: In this Agreement, rhe words, We, Our, Us, and “Issuer” eefer co the Merck Employees Federal Crodir Union. The tenn Cardholder means you and any other person whe uses rhe Card with your approval. The word Card means all Crediy Cards we issue co you, Your use of the Card, of the use of the Card by a person authorized by you, constitutes your acknawledpement that you have received, read and aprec to all of the tering of this Account Apreement, Disclasure Statement and Your Billing Rights, If this wa Joiar Accoune, each of you are liahle for all amounts owed, You are eo hable for any purchase or cash advance made hy any ocher person you permit to we the Account. You will be notified of your credit limis on your Account, You agree not ro allow whar you owe on your Account to execed your credit limit. You must pay any amount over your credit Smit taimnedi- ately whenever we ask you tu, You can use your Card Lo purchase poads, services, and other things of value wheres ever the Curds are honored. You enn also use your Card to get cavh advaneca. Limits on daily usave of your Card are imposed for security purposes. 2. REPAYMENT: You promuse ro pay us all amounts charged and borrowed by the use of your Credit Card, plus any FINANCE CHARGES and other charges or fees previded i this Agreemenn, all payable in U.S, Dollars. Paymenty are applied in the fal- owing order: unpaid FINANCE CHARGES, previrusly billed miscellaneous charges and principal reduction, The principal teduetion portion of the payment 1 first used 10 pay purchase advances and rhen eash advances from the last statement, ff these are paid off by the payment, the purchase advances made during the payrtenc billing cycle are paid. The mininwum periodic payment required is the New Balance as shown on your monthly billing starement if che amounr is under $35.00, If the new balance exceeds $35.00, the minimum periede payment is rhiree (3%) of that portion of the New Ba- lance which does nut exceed your eredic limit, plus the entire portion of the New Ba- lance in excess of your exedic limic, plus any amount due, or $35.00, whichever is greater, 3. ANNUAL MEMBERSHIP FEE: None. 4, OWNERSHIP OF CARD: Each Card is our peuperty, is not transferable and must he guecendered upon demand, [t can be canceled as well as repossessed by us or our designee, and the privileges thereof revoked ar any cime without prior notice, 5, PROHIBITION AGAINST EXCEEDING CREDIT LIMITS: You shall not uge the Card ot permit the use of Related Cards ta obrain credit purchases or loans which will increase your Credit Card indebrednoss ro us to an amount in excess of the limit esrablished by us, 6. NO RESPONSIBILITY FOR REFUSAL BY SELLER OR CASH ADVANCING BANK TO HONOR CARD: Alt credit purchases and loans are effected at the opoon of che seller and cash advancing bank, respectively, and we shall nor be eesponsible for refusal by any seller of cash advancing bank to hor the Card or any Related Card, Any velund adjustmear or credic allowed by the seller shall not be by cash, but rather by a eredit advance to us which shall be shown asa eredir on your account statemenr with us. 7, MONTHLY STATEMENT: We will send 1 you, ar monthly intervals determined by us, a statement reflecting for the praar monthly period all Credit Card and Relared Card rransactions, This statement shall be deemed correct und uecepred by you and all holders of Related Cards unless we arg nocified to the contraty in write ing within 60 days of mailing the statement. You will pay such statement by remit. ting fo us within 25 days of the closing date reflected on the statement either the full amount billed on, al your orion, an imstalment equal ¢o at Teast the equired mini- mun paymenc stared in section 9, 8. FINANCE CHARGES: A FINANCE CHARGE will be imposed on Joang and credit purchases in accordance with rhe finance charge calculation merhe ods ceferred ro below, The rate of inrecese shall he decermined ag indicared below in Section 9, entitled "Variable Interest Rate," but shall never execed rhe maximum rare permitted by the Federal Credir Union Act, The current lnreresr rare per annum isthe ANNUAL PERCENTAGE RATE sec forth in this Disclosure. A. FINANCE CHARGE ON CREDIT PURCHASES: A FINANCE CHARGE will be imposed on Credit Purchases of goods and services thar you obtained through the use of your Card only Wf you eleer noc te pay the entire New Balance shown on your previous monvsly staremenc within 25 days from the elosing date of che sracement. If you eleet nor te pay che encize New Balange shown on your previous monthly stvemenc within 25 days from the cloginy dare of this statement, a FINANCE CHARGE will be imposed din the unpaid balance of Credit Purchases from the statement closing date (hur neg on Credit Purchases made during che cur- rent billing cycle) and will continue to acccue until the closity: dace of che billing cycle preceding che dare on which the entire New Aalance is paid in full or unuil rhe date of payment, if more than 25 diy from the closing date, The FINANCE CHARGE fora billing cycle is computed by applying the monthly Periodic Rate to the avempe daily outstanding unpaul balance of Credit Purchases, which.is determined by dividing che sum of the daily bulanees during the billiny eyele by che number of days in rhe cyele. Bach daily balance of Credir Purchases is deter mined by udding co the previous balance uny new Credir Purchases as of the trans- action date or rhe first day of che billing eyele in which posted, whichever ts later, and subcracring cach payment und éredir on che dare of receipt, char excluding any unpud FINANCE CHARGE. 7325944301 P.OO1 B. FINANCE CHARGE ON CASH ADVANCES: A FINANCE CHARGE will be imposed on Cash Advances thar you obtain through the use of your Card dur. ing the current billing eyele from the dace of each such Cash Advance or from the first day of the billing eyele in which the Cash Advance is posred to the Account, which- ever is fares, and will continue to acctue until paid if paid during the same billing eyele ax made, or if not paid in full ducing rhe same billing cycle as made, che FINANCE CHARGE will continue to accrue on the unpaid balance until che closing date of the billing cycle preceding the dace which the entire New Balance is paid in full. If the New Balance (ndtearad on your statement for the prier monthly period is paid in full within 25 days after che closing date, no FINANCE CHARGE will be imposed dus: ing the currence billing cycle for Cash Advances made during previous billing cycles. The FINANCE CHARGE fer a billing eyele is computed by applying the monchly Periodic Rate to the average daily oursranding unpaid balance of Cash Advances, which is determined hy dividing the sum of the daly balances dusing the billing cycle by the number of days in che cycle, Each daily balanes of Cash Advances ix determined by adding ro the previous balance any new Cash Advances as of the rtaegacrion dare or che first day of the billig cycle in which posted, whichever is leer, and subtracting each payin and eredit on the date of receipt, (har exeluding any unpaid FINANCE CHARGE. % VARIABLE INTEREST RATE: You apree chat the interest rate used in computing your FINANCE CHARGE (see FINANCE CHARGE section above ) WILL BE A VARIABLE INTEREST RATE. The interest rate may change onee every chee months on the eleventh buariess day of rhe first month in each calendar quarcer ( January, April, July, Cctober } each year during rhe term of this Agreement. The inger- est rare will be determined by using: ant Index and Margin. The index which we use i the highest U.S. Pome Lending Rare as published in the Money Bares secrion of the Wall Street Journal newspaper an the first business day of the finan monch of che pre- ceding cilendie quarter. For example, the Index to be used re compure the new interest rare in Janwary will be based on the Index as of the fissr business day of the prior Qcrober. We will add a Margin of five perestir (5%) divided by twelve, rounded ta wo decimal points, For example, if the Prime Lending Race was six and threy quarters (6.756) per- cent plus the Margin, divided by twelve, rounded te twu decimal points, that corre spoads toa monthly periodic race of 98%, An increase In che incerese race will result in an therease in your monthly payment(s), Anny dverense in the interest rate will be efor rive as ro furure advances and your gulstindiny joan balance regardless of whether you usa the Card afrer the effective date of the change in interest rate, We reserve che right al any time fo charge you a lower interest tate chan the preceding formula mizhye indi- eare withour losing any of our rights, [f the Wall Steer Journal Prime Lending Rare ia rei longer available, che Credit Union reserves rhe right, in its sole discretion, to select a similar index, 10, DEFAULT: Uf the Curd ts cancelled, surrendered, ibs retwen ts demanded by us, or if you defualt an any payment due, or die, becurne hankeupr at insolvent, o any attachment or gmishmenc proceedings are initiated againer you or your preper- ty, we tay elver te declare all amounts then owed ti us co be immediately due and payable without notice vr demand uf any kind. Tf you have uther logns with us, or take ont other loans with us in the furure, callareral securing those. loa will also secure your obligations under uls agreement. However, your primary dwelling will not secure your obligations under this agreement, even if we have, ar lacer acquire a mottuage on the dwelling. You agrec co pay all costs ingurred by us in collecting your indebledness of enforeirye chis Agreement including collection costs of twenty (20%) percent of the unpaid balance or such grenter anounr as may he reasonable and just and also chose cases, expenses and attorney's fees incurred in appellate, hankrupcey and past judgement proceed tgs. Shares and deposirs in an Individual Reriremenr Account and any othey aggounc char would lose special tax treatment under arare or federal law if given as sequriry are nur subject co the security interest you are giving with your shures, As a condicion for the approval of your Celt Card secounc, you grant us a securily (nverest in all individual and juint accounts you have wich us now and in the future ro secure your Credi¢ Card Account. Tou authorise ys ro apply che balance in these accounc(s} to pay any amounts due uhder rhis Agreement should you defaulr. 11. AMENDMENT; The Credit Undon seserves the right to change of amend any of the ferms and provisions of this Aureerment and will provide you with any notice required by law. Any change will apply roche outstanding loan Salanee and all future adwarices regardless of whether you use the account after receiving notice af the change of amendment. 12, ADDITIONAL CHARGES; The Credit Union reserves the right Ie the future, with 45 days written natice, to impose additional charges plus applicable taxes (f you pay us witha check not honored by your financial institurlon, make deHnguenc payments or make charyes which exceed your credi¢ limic. All such charges shall be treated as Ceedir Purchases for purposes of caleularing FINANCE CHARGES unless peahlbired by law or regulation, A, Copy of Document: 3 2.00 B. Bennquenr Payment Charge: None ©. Charge for Exceeding Credit Limmir: None There tsar additional Card fee of $2.00 per Card and a replacement fee of $5.00 for Lose ot stolen Cards, There is a fee of $2.00 far obtaining a replacement PIN. There are dif- fering charges for using your Card for cansactiony at auromarcd teller machines (depending on the ATM's owner) where such charges are noc prohibited by law or rep- lari. Documentary statnp lagies as may be required by law shall be imposed on each Caphy Advance at the rine che loan is made, In the Stare of Florida, such taxes arg goni- puted at the rate of 35¢ per $100,00 or any fraction chereaf. 13. LIABILITY FOR UNAUTHORIZED USE (LOST OR STOLEN CARDS): MasterCard rules state chat chere will be zero tiabiliry for lost or stolen cards if che following three (4) rules are met: 1, You musr have exercised reasonable care in safeyuarding the MasterCard from tisk of luis or chefr: 2, You must nur haveAPR-23-2014 14:62 7325944301 reported two or more inetdeurts of unauthorized use within the previous twelve months; 3. The MasrerCard account muse be in good scanding, There is zero dollar habiliry for Visa Card transactions thut take place on the Visi sysrem. The tiabilicy limitations set forth below spply ta Card transactions which occur on none MasterCard and nan-Visa nerworks: Tell as AT ONCE if you believe your MusterCurd or Vien Card hag been stolen or lose. Telephoning is the best way of keeping your possible losses down, FOR LOST OR STOLEN CARDS, CALL: 1-800-237-6211 If you have a consumer account of a business accounc for which less than 10 Cards have been issned, your lahiliry for unauthorized use of a Card will not exceed $50.00. 14. PAYMENT: Checks will be made payable to MasterCard or Visa and tailed te MasterCard or Visa at PO Box 31279, Tapa, FL 33631. Ha cardholder effects a transaction ina merchant country other than the U.S. ina cumency other rhar: US, dollars, our Credit Card processor will assess a 1% [npornarional Transaction Fee, The converted trangaemon amount will be shown. sep- aracely from the International Transietion Pee on your billing starement, The fee is assessed on all international purchases, credir vouchers and cash dishursements, The exchange rare for transactions in a foreign currency will be a tare selecced by MasterCard o¢ Visa from the range of rates ovailuble in wholesale currency marke for the applicable cencral processing dite, which rate may vary from che rate MasterCard or Visa irsclf receives, or the government mandated rare in effect for the applicable central processing dare, plus the 19% [nternutianal Transagrion Fee. 15. IRREGULAR FAYMENT / LAPSE IN ENFORCEMENT: We can accept lace payments or partial payments ot checks or money orders marked "Payment in Pull" withoye losing any of our righes under this agreemens. We can delay enfoecing our righes under this agreement withuut losing any of them. 16, MISCELLANEOUS. This agreement shall be governed by applicable ted- eral law and regulacion and, where che foregoing do not apply, the laws of rhe Scare of Now Jersey. lfany part of this agreement is invalid, ir shal nor make any ocher pro visions of this agreement invalid, You agree that all notices sent to you pursuant to this agreement shall be sent tu you at the address the Credit Union and/or its proces- sor has for you on file or pour emul dddbess if you have clected co receive stutermenty eleerronically (it available), ; 17. QUESTIONS AND BILLING ERRORS: Please comracr Customer Ser- vice TA?24, PO Box 30327, Tampa FL 33630, Yeu osay telephone hur doing sp will nor preserve your rights, (See Your Billing Brror Rights Summary.) Your Billing Rights Keep Thus Norige for Fucure Use Thus Norige rells you abour your rights and our responsiluliries under the Pair Credit Billing Act. What Te Do Tf You Find a Mistake on Your Statement If you chink there is.an error on your statement, WEITG TO Us at Customer Service TA-24 / PO Box 30327 / Tampa, Florida 33630 Tn your letter, give us the following informacion: * Account Information: Your name and agcount number, * Dollar Amounc: The dollar amount of che suspecred error. *  Descripion of problem: If you think there is an ertor om your bill, describe whar you believe is wrong and why you believe ir ix a mistake. You must comtyct us: * Within 60 days after the error appeared on your statement. * — Atleast 3 business days before an automated payment is scheduled, if you want (Co stop payment on the amount you think is wrong. You must notify us of any potential errots in writing. You may call us, but if you do we ate not requited to investigate any potential ertors and you may have te pay the amount wn questiot. What Will Happen After We Receive Your Letter When we receive your letter, we muse da owe chings: 1. Within 30 days of receiving your letter, we must tell you chat we received your letter. We will alse tell you if we have already corrected the error. 2, Wirhin 90 days of recewing your lecrer, we must either correct the error or explain to you why we believe the bill ix correct, While we investigate whether of not there has been an errors * We cannot cry to collect che amount in question, or report you as delin- quent on chat amount. * The charge in question may remain on your statement, and we may cone tinue to charge you interest on thac amount. * — While you do not have to pay the amoune in question, you ate tesponsi- ble for the remainder of the balance. * We can apply any unpaid amounc against your credit limit, After we finish our investigation, one of qwo things will happen: ® if we made a mistake: You will not huve te pay che amount in question or any interest or other fees related to that amount. # [fF we do not believe cheze was a mistake: You will have to pay the 7325944301 P0028 amount in question, along wirh applieuble interest and fees. We will send you a starement of the umount you owe and the date payment is due, We may then tepore you a8 delinquenc if you de not pay the amounc we chink you owe. If you recerve our explanation bur scill believe your bill is wrong, you must write tous within 10 days celling us that you still refuse co pay, If you do so, we GANnAr report you as delinquent without also reporting that you are question- ing your bill, We must tell you che name of anyone to whom we reporred you as delinquent, and we must let those organizations knaw when the matter 4as been settled between us. If we do not follow all of the rules above, you do not have to pay che firsr $50 of the amount you question even if yout bill is correcr. Your Rights If You Are Dissatistied With Your Credit Card Purchases If you ace dissatisfied with the goods ar services that you have purchased with your credit card, and you have tried in good faith co correct the problem with the merchant, you may have che right not te pay the remaining amount due on the purchase. To use this cight, all of the following muse be true: 1. The purchase muse have been made in your home state or within 100 miles of your current mailing addtess, and the purchase price must have been mere chan 550, (Note; Neither of these are necessary if your purchase was based on an advertisement we mailed to you, or if we own the company thar sold you the woods or services.) 2. You must have used your credic card for the purchase, Purchases made with cash advances [tom an ATM or with a check that accesses your credit card account do not qualify. 3. You must not yet have fully paid for the purchase. If all of the criteria above are mec and you arc srill dissatisfied with che pute chase, contaer us in writing at: Customer Service TA-24 / PO Box 30527 | Tampa, Florida 33630 While we investigara, rhe same rules apply to the disputed amount as discussed above. After we Fish our investigation, we will tell you our decision. Ar char point, if we chink you owe on amount and you do nor pay, we may report you as delinquent.   SPECIAL NOTICE CONCERNING INTERNET GAMBLING Ag your Credir Card issuer, the Credit Union is advising you that Internet gam- bling may be legal in che jurisdiction in which you aze located, including laca- tions within che U.S. This notice serves to remind you thar your Credit Cards may only be used for legal transaerions and may not be used for any illegal crans- actions, including Incernet gambling. Display of a payment card logo hy on-line morchants or sites decs nat mean the transactions are lawful in ally urisdictions in which « Cardholder may be locared.       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