our notice, amendments will apply to your existing account 
balance as well as to future transactions. The Credit Union can 
delay enforcing any of its rights any number of times without 
losing them. 

16. Terminate This Agreement. Either the Credit Union or you may 
terminate this Agreement at any time, but termination by you   or the 
Credit Union will not affect your obligation to pay the account balance 
plus any FINANCE CHARGES and other charges you    owe under this 
Agreement. The cards you receive remain the property of the Credit Union 
and you must recover and surrender    to the Credit Union all cards upon 
request or upon termination 
of this Agreement whether by you or the credit union. Failure   to 
surrender your cards will result in a card recovery fee of $75 each, 
should you attempt to use the cards. 

17. Statements and Notices. You will receive a statement each month 
showing transactions on your account. You are responsible for your 
minimum monthly payment even in the event your statement is late or 
returned to the Credit Union. Statements and notices will be  
mailed to you at the most recent address you have given the Credit 
Union. Notice sent to any one of you will be considered notice to  all. 

18. Cross Collateral. If cardholder has other loans from issuer, 
or takes out other loans with issuer in the future, collateral 
securing these loans, excluding any dwellings, will also secure 
the Cardholder’s obligations under this agreement. Cardholder 
agrees to pay all costs incurred by issuer in collecting 
Cardholder’s indebtedness or in enforcing this agreement, 
including attorney’s fees as may be reasonable and just and also 
those costs, expenses and attorney’s fees incurred in appellate, 
bankruptcy, and post-judgment proceedings. 

19. Convenience Checks. Credit Card account Cardholders may 
sometimes be issued personalized checks that can be used to access 
your credit account without additional service charges other than the 
accrual of FINANCE CHARGES. You can use your convenience checks to 
purchase goods and services or to obtain 
cash up to the amount of your credit line. Use of your checks will be a cash 
advance on your VISA account. We are not required to honor a 
convenience check that will cause you to exceed your Credit Line. We will 
not pay a check if at the time the check is presented, 
you are in default or we have suspended, terminated, or canceled 
your Account. Checks may be used only by the person(s) whose 
name(s) is on the VISA account. You are responsible for all 
authorized use of your convenience checks. You may not use your 
convenience checks to pay any amount which you owe us under 
your account. Provided such request is timely, so that we shall have 
a reasonable opportunity to act upon it under our rules, you may 
order a stop payment on a convenience check drawn on your 
account. We may, but shall not be obligated to receive such order 
orally. In such event, the order shall be valid for only fourteen (14) 
days thereafter   unless confirmed in writing. Written stop payment  
orders 

will remain in effect only six (6) months unless renewed in writing. 
You have the burden of establishing the fact and amount of loss 
resulting from payment contrary to a binding stop payment. 
Convenience checks are the property of the Credit Union. We 
reserve the right to revoke them at any time. You agree to return 
them at our request. 

20. Honest Dealing. You will promptly notify the Credit Union of 
any information that affects your credit worthiness or ability to 
pay off the balance including but not limited to   a change in 
address or employment. You will not apply to increase the Credit 
Line if you have reason to believe that you will be unable to 
make the scheduled payments. 

To find out about changes in the information in this application, 
write us at IH Mississippi Valley Credit Union, 2500 River Drive, 
Moline, IL 61265. Residents of Illinois may contact the Illinois 
Department of Financial & Professional Regulation for 
comparative information on interest rates,  charges, fees and 
grace periods. IDFPR, 320 W Washington St FL 3, Springfield, IL 
62786: 888-473-4858. 

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:  

Credit Services 
PO Box 1010 
Moline, IL  61266-1010 

In your letter, give us the following information: 
·  Account information: Your name and account number. 
·  Dollar amount: The dollar amount of the suspected  error. 
·  Description of problem: 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 

3.  You must not yet have fully paid for the purchase. 

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. 
2.  Within 90 days of receiving your letter, we must either correct the 
error or explain to you why we believe the bill is correct. 

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.) 

2.  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. 

If all of the criteria above are met and you are still dissatisfied with the 
purchase, contact us in writing at: 

Credit Services  
PO Box 1010 
Moline, IL  61266-1010 

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. 

Special Rules for Credit Card Purchases 

If you have a problem with the quality of property or services 
that you purchased with a credit card, and you have tried in 
good faith to correct the problem with the merchant, you may 
have the right not to pay the remaining amount due on the 
property or services. There are two limitations 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. 

READ AND RETAIN 

Revised May 2020 

G -17957 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
IH Mississippi Valley Credit Union 
CREDIT CARD AGREEMENT 
This card is issued by IH Mississippi Valley Credit Union 
(IHMVCU) pursuant to a license from Visa U.S.A. Inc. 
The person who signed a Credit Card Application with IH 
Mississippi Valley Credit Union and whose name is embossed on 
a Credit Card issued by IH Mississippi Valley Credit Union, agrees 
to the following terms and conditions in this Credit Card 
Agreement. 
CREDIT CARD AGREEMENT 
Notice: See reverse side for important information 
regarding your rights to dispute billing errors. 

In this Agreement the words you and your mean each and all of those 
who apply for the card or who sign the Credit Card application. Card 
means the Credit Card and any duplicates and renewals we issue. 
Everyone who receives, signs or uses a card issued under this Agreement 
must be a member of this credit union. Account means your Credit Card 
Line of Credit account with us. We, Us and ours means IH Mississippi 
Valley Credit Union. 

1. Responsibility. Use of the Card or Account will signify acceptance of 
the terms of the Credit Card Agreement. If we issue you a card, you agree 
to repay all debts, including purchases, advances, FINANCE CHARGES, 
Late Charges, and collection costs arising from the use of the card and 
the card Account by    you or any other person you permit to use your 
Account even  
if that person exceeds your permission. For example, you are 
responsible for charges made by yourself, your spouse and   minor 
children 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    in writing 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 a party to this Agreement and is also jointly responsible for 
all charges on the account, including  yours. 

2. Lost Card Notification. If you believe the Card has been lost or stolen, 
you will immediately call the Credit Union at (309) 793-6200 or (800)  722-
0333. 

3. Updated Liability Rule for Unauthorized Use. Effective 4/4/2000, 
Consumer liability for lost/stolen VISA cards is now $0 and the 48-hr time 
frame to report lost/stolen VISA cards has been eliminated. The Credit 
Union has the right to make exceptions 
to the preceding conditions, if it can prove that you have been grossly 
negligent. Such liability does not apply to electronic funds transactions 

4. 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 exceeds 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 the 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 credit-worthiness. You 
also agree to advise us of any change in your financial condition which 
may affect your credit   worthiness. 
You agree that you will update the credit information you have provided 
us, from time to time, on our request. 

5. 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. 

6. Monthly Payment. Every month you must pay at least the Minimum 
Payment within 25 days of your statement closing date. By separate 
agreement you may authorize us to charge the minimum payment 
automatically to your share or share 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.  The Minimum Payment will be either (a) 2% of your 
Total New Balance or $20, whichever is greater, or (b) your Total New 
Balance, if it is less than $20 plus (c) any portion of the Minimum 
Payment(s) shown on prior statement(s) which remain unpaid and the 
Total of Account Penalties. In addition, at any time your Total New Balance 
exceeds your Credit Line, you must immediately pay the excess upon our 
demand. 

7. Finance  Charges. 

7.1 Repayment Terms and Finance Charge Information 
7.1.a.  9.9% APR Card-Fixed Rate  Formula: 
The Finance Charge is calculated using the following interest 
rate: 9.9% ANNUAL PERCENTAGE RATE .825% 
Monthly Periodic Rate, on the average daily balance. Default 
Rate: increases to 14.9% ANNUAL PERCENTAGE RATE if minimum 
payment is not received within 60 days after it is due, make a 
payment that is returned or do either of the above on another 
account that you have with us. 

7.1.b.  11.9% APR Cash Back Card-Fixed Rate Formula: The 
Finance Charge is calculated using the following interest rate: 
11.9% ANNUAL PERCENTAGE RATE, .991% Monthly Periodic Rate, 
on the average daily balance. Default Rate: increases to 16.9% 
ANNUAL PERCENTAGE RATE if minimum payment is not received 
within 60 days after it is due, make a payment that is returned or 
do either of the above on another account that you have with us. 

7.1.c.  7.9% APR Relationship  Card: 
The Finance Charge is calculated using the following 

interest rate: 7.9% ANNUAL PERCENTAGE RATE, .658% 
Monthly Periodic Rate, on the average daily balance. This rate is 
subject to meeting the requirements of establishing   an account 
relationship on your IH Mississippi Valley Credit Union member 
account. You must have an active checking account with us and 
one of the following four requirements included on your IH 
Mississippi Valley Credit Union member account: mortgage loan, 
home equity loan, automobile loan or have been a member with 
us for a minimum of five years. Your member account will be 
reviewed in advance of your card renewal. If the requirements are 
not met, your rate will be calculated using the following non-
qualifying interest rate: 9.9% ANNUAL PERCENTAGE RATE, .825% 
Monthly Periodic Rate, on the average daily balance. 
You will be notified at least 45 days in advance of this rate change. 
Default Rate: increases to 12.9% ANNUAL PERCENTAGE RATE if 
minimum payment is not received within 60 days after it is due, 
make a payment that is returned or do either of the above on 
another account that you have with  us. 

7.2  Finance Charge Calculation Method. In order to avoid a finance 
charge on purchases made since your last statement    date, you must pay 
the total new balance shown on your statement within 25 days of the 
statement closing date. Otherwise, FINANCE CHARGE on purchases and 
on new purchases from   the date they are posted to your account. Cash 
advances are always subject to FINANCE CHARGE from the date they are 
posted to your account FINANCE CHARGE (interest) is calculated at the 
ANNUAL PERCENTAGE RATE, on the average daily principal balances of 
purchases and cash advances in the   account. The principal balances of 
purchases and cash advances 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 and cash advances you make and 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 separate average daily principal balances for 
purchases and cash advances to which the periodic rate is then applied. 
The default rate applies to your account if we do not receive your mini- 
mum monthly payment within 60 days after it is due. 

7.3  Default Rate.  If your APRs are increased for any of the above listed 
reasons, the Default APR may apply. If you successfully make at least six 
timely minimum monthly payments after the Default APR goes into 
effect, the APR will be reduced to the regular rate pursuant to your 
Agreement with us. 

8. Other Charges. If you are 10 days late in making a minimum monthly 
payment, you will be charged a late fee. Your late fee will be one of the 
following: a) $25.00 if your past due minimum   payment 
is $25.00 or more, b) equal to your past due minimum payment    if 
your past due minimum payment is less than $25.00.  Returned 
Check: $25.00. Card Replacement: $10.00. Draft copies: $6.00 Cash 
Advances are subject to a cash advance fee of either $5.00 or 2% 

of the amount of each transaction, whichever is greater. These fees will be 
added to other amounts which are subject to a FINANCE CHARGE, as 
described in the same manner as Cash Advances. 

the United States. Display of a payment card logo by an online 
merchant does not mean the Internet gambling transactions are lawful 
in all jurisdictions in which you may be located. 

The following transactions will be treated as cash   advances: 

·  Using your Card to obtain cash from a participating Automated Teller  

Machine (“ATM”); 

·  Using your Card to obtain cash from a participating financial 

institution; 

·  Using a check drawn on the  Account; 
·  Obtaining money orders, travelers checks, foreign currency, 

lottery tickets, casino chips, vouchers redeemable for cash or 
similar items; 
·  Balance  Transfers 

9. Default. You will be in default if you fail to make any minimum 
payment or other required payment by the date that it is due. You will 
be in default if you break any promise you make under this Agreement. 
You will be in default if you die, file for bankruptcy or become insolvent, 
that is, unable to pay your obligations when they become due. You will 
be in default if you make any false or 
misleading statements in any credit application or credit update. You will 
also be in default when something happens which the Credit Union 
believes may substantially reduce your ability to repay what you owe. 
When you are in default, the Credit Union has the right to demand 
immediate payment of your full account balance without notice. If 
immediate payment is demanded, you will continue to pay FINANCE 
CHARGE, at the periodic rate charged before default, until what you owe 
has been paid and any shares that were given    as security will be applied 
towards what you owe. You agree to pay reasonable collection expenses, 
including card recovery fee, court costs and/or collection agency fees and 
costs to the extent allowed 
by applicable laws or regulations. You understand that a contingency or 
hourly fee arrangement may be established under an agreement entered 
into by the Credit Union with a collection agency to collect amounts due 
under this agreement if you are in default and you hereby agree that any 
such fee arrangement is reasonable. 

10. Using The Card. You may use the card issued to you to make purchases 
in person, by mail, by telephone or over the Internet from merchants and 
others who accept the VISA credit card. In addition, you may obtain cash 
advances from the Credit Union, from other financial institutions 
participating in the VISA program and from automated teller machines 
(ATMs) that accept the VISA card (participate in the PLUS systems network). 
Not all ATMs provide such access. The reverse side of your credit card 
identifies any other ATM networks that you may access. You will need to use 
your Personal Identification Number (PIN) to obtain a cash advance from an 
ATM. The Credit Union is not responsible for the refusal of any merchant   or 
financial institution to honor the card. The daily limit for cash advances from 
all participating ATMs is up to your available credit limit, but no more than 
$998.00. Your VISA card may not be used for any illegal transaction. This 
may include online gambling  services 
on the Internet. Internet gambling may be illegal in the jurisdiction in 
which you, the cardholder, are located, including locations within 

11. 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 at (1) the 
wholesale market rate or (2) the government mandated rate, 
whichever is applicable, in effect on day prior to the processing date, 
increased by one percent (100 basis points). The Credit Union has no 
control over the conversion rate. 

Effective April 2005, the exchange rate is a rate selected by VISA from the 
range of rates available in wholesale currency markets for the applicable 
central processing date, which rate may vary from the rate VISA itself 
receives, or the government-mandated rate in effect for the applicable 
central processing date, in each instance, plus or minus any adjustment 
determined by the Credit Union. 

12. Copies of Documentation. You will be charged a fee for each copy 
of a draft or monthly statement that you request from us. 

13. 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. For other disputes you must resolve directly with the plan 
merchant. 

14. 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 have the 
right to recover any of these goods which have not been paid for 
through our application of your payments in the manner described in 
Monthly Payment. You grant us a security interest in all individual and 
joint share accounts and/ 
or deposit accounts you have with us now and in the future to secure 
what you owe under the credit card agreement. When you are in 
default, you authorize us to apply the balance in    these accounts to 
any amounts due. Shares and deposits in an Individual Retirement 
Account, and any other account that would lose special tax treatment 
under state or federal law if given as security are not subject to the 
security interest you have given in your shares and  deposits. 

15. 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