MASTERCARD�
AGREEMENT ANDDISCLOSURESTATEMENTApril 30, 2021listed underWhat To Do If You Find a Mistake on Your Statement� . While we investigate, the same rules apply to the disputed amount asdiscussed above. After we finish our investigation, we will tell you ourdecision. At that point, if we think you owe an amount and you do not paywe may report you as delinquent.You must contact us:� Within 60 days after the error appeared on your statement.� At least 3 business days before an automated payment isscheduled, if you want to stop payment on the amount youthink is wrong.
You must notify us of any potential errors in writing(or electronically). You may call us, but if you do we are not required to investigate any potentialerrors 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 youthat we received your letter. We will also tell you if we havealready corrected the error.2. Within 90 days of receiving your letter, we must eithercorrect the error or explain to you why we believe the bill iscorrect.While we investigate whether or not there has been anerror:� We cannot try to collect the amount in question, or reportyou as delinquent on that amount.� The charge in question may remain on your statement, andwe may continue to charge you interest on that amount.� While you do not have to pay the amount in question, youare responsible for the remainder of the 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 amountin question or any interest or other fees related to theamount.� If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interestand fees. We will send you a statement of the amount youowe and the date payment is due. We may then report youas delinquent if you do not pay the amount we think youowe.
If you receive our explanation but still believe your bill is wrong, you mustwrite to us within10 days telling us that you still refuse to pay. If you doso, we cannot report you as delinquent without also reporting that youare questioning your bill. We must tell you the name of anyone to whomwe reported you as delinquent, and we must let those organizations knowwhen 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 in question even if your bill is correct.
Your Rights If You Are Dissatisfied With YourCredit Card Purchases
If you are dissatisfied with the goods or services that you have purchasedwith your credit card and you have tried in good faith to correct theproblem with the merchant, you may have the right not to pay the remaining amount due on the purchase.To use this right, the following must be true:
1. The purchase must have been made in your home stateor within 100 miles of your current mailing address, andthe purchase price must have been more than $50. (Noteneither of these are necessary if your purchase was basedon an advertisement we mailed to you, or if we own thecompany 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 acheck 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 met and you are still dissatisfied with thepurchase, contact us in writing (or electronically) at the address or websitedetermination shall not affect the validity or enforceability of any otherprovision.
Governing Law
This Agreement, your credit card line of credit, as well as our rights andduties and your rights and duties regarding them, will be governed by andinterpreted in accordance with federal law to the fullest extent possibleand, to the extent federal law does not apply, in accordance with Californialaw, regardless of where you live and use your credit card. This Agreementis made in California. All credit will be extended from California, and allrepayment must be made in California.
Third Party/Mobile Devices
W em a ya l s op e r m i t  y o uo ra n ya u t h o r i z e du s e r  t ol o a d  i n f o r m a t i o na b o u tyour account onto third party/mobile devices (such as a smartphone,tablet, or any other handheld or wearable communication device thatallows you to store or electronically present your account information)that would enable you to make purchases or engage in credittransactions for your account without needing to show your credit card.You and we agree that any such use of your account will be subject to allthe terms and conditions contained in this agreement.To the extent you do use a third party/mobile device to make a credittransaction on your account, or load information about your account ontoany such device, you need to be aware that we do not control the deviceand cannot guarantee the performance of either the device or any thirdparty.Additionally:
� You agree to carefully protect the security of any devicesthe same as you would your cash, checks, credit cards andother valuable information. We encourage you to passwordprotect or lock your device to help prevent an unauthorizedperson from using it. You agree to promptly report any lossor theft to both us and the third party.� You may incur third party fees related to engaging in atransaction (such as mobile carrier data or messagingcharges).� Credit transactions made through a third party/mobiledevice may involve the electronic transmission ofinformation related to you or your account across wirelessor computer networks. Third parties, such as merchants,card association networks, mobile carriers, mobile walletoperators, and software application providers may use andreceive information in connection with a credit transaction.Third parties may also receive information about yourmobile device when you use it to make a credit transaction.� We may, at any time, partially or fully restrict your abilityto make credit transactions through a third party/mobiledevice. You agree to notify us promptly if you remove orwant to remove your account information from any thirdparty/mobile device.YOUR BILLING RIGHTS:KEEP THIS DOCUMENT FOR FUTURE USE
This notice tells you about your rights and our responsibilitiesunder 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: SchoolsFirst FCU P.O. BOX 11547, Santa Ana, CA 92711.  You may also contact us on our website atschoolsfirstFCU.org.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 onyour bill, describe what you believe is wrong and why youbelieve it is a mistake.Foreign Currency TransactionsIf you effect a transaction at a merchant that settles in a currency otherthan U.S. dollars, Mastercard International will convert the charge intoa U.S. dollar amount. The conversion rate in U.S. dollars will be eitherat the government-mandated rate or a wholesale currency market ratedetermined by Mastercard for the processing date on which the transactionis processed. The currency conversion rate used by Mastercard on theprocessing date may differ from the rate that would have been used on thepurchase date or the cardholder statement posting date.
Foreign Transaction Fee(not applicable to Rewards Mastercard credit card)
A fee of 2% of the transaction amount in US Dollars will be assessedon cross-border and international transactions. International transactionsinclude Internet transactions made when you are in the United States, butthe merchant processes the transaction in a foreign country. Transactionsacquired in U.S. territories, and transactions originating on U.S. militarybases, at U.S. embassies and at U.S. consulates, are excluded from thisfee.
Convenience Checks
You may access your credit line by writing checks provided by us for thatpurpose. The checks will be honored and paid up to your credit limit aslong as the account is not in default. You may request a stop paymenton a convenience check by phone or in writing. We must receive therequest in time to afford us reasonable opportunity to act upon it underthe Credit Union�s rules. Oral or telephone requests to stop payment mustbe confirmed by you in writing to us within 14 calendar days after youroriginal request, and if not so confirmed, such request will be consideredto have lapsed after the 14 day period. We can only honor a stop paymentrequest for 12 months from the date of request. You agree not to holdus responsible for any claims or liabilities of payees or endorsers onconvenience checks for which you have requested payment stopped.You agree not to hold us responsible for the misrouting or delay of aconvenience check due to markings placed on the check by you or a priorendorser that obscure any depository endorsement placed by us or ouragent. We may recognize the signature of any borrower or authorized useron this account as authorized to transact any business on the account.Convenience checks cannot be used to pay any amount you owe underthis Agreement or under any other credit agreement or account you havewith us now or in the future. Convenience checks are considered cashadvances and accrue interest according to the method described for cashadvances under the �CALCULATION OF FINANCE CHARGES� heading ofthis disclosure. Transactions made using convenience checks do not earnRewards points.
Default/Collection/Attorney�s Fees
You will be in default and understand that all loan credit under thisAgreement may be terminated if (1) you do not make periodic paymentsas required by this Agreement, (2) you do not keep any promise made inthis Agreement or any other agreement with this Credit Union, (3) anyinformation that you give us to obtain a loan advance is false, (4) any thirdparty attempts by legal process to take any property belonging to you, (5)you die, become insolvent or are a party to any bankruptcy proceeding,or (6) as otherwise provided in this Agreement. If you are in default, wemay refuse to make any further advances or refuse charge privileges toyou and declare all sums owed under this Agreement immediately due andpayable. We may accept late payments or partial payments without losingany of our rights under this Agreement. You understand that if you arein default, we may add to your unpaid balance any reasonable attorney�sfees and court costs, all of which you agree to pay.
Waivers and Severability
We may waive or decline to enforce any of our rights under thisAgreement without affecting any of our other rights.  Should any provisionof this Agreement be determined to be invalid or unenforceable, that
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13468935_1_M-133239.indd  1 4/9/21   11:15 AM full or the Statement Closing Date whichever comes first, even if paymentof the entire New Balance is received by us by the Payment Due Date. Inother words, there is no time period within which credit extended to youby a cash advance may be repaid without incurring an interest charge.
Late Charge
If the minimum payment due is not received by the Credit Union within15 days after the payment due date, a late charge of $25 will be imposed.
Additional Fees and Service Charges
We may charge additional service charges for the following:� Each draft copy that you request: $10� Additional copies of your monthly billing statement: $2 (perstatement)� Any payment instrument or method including check, in-person,ACH or other electronic transaction returned to us for any reason:$20� Researching transactions occurring prior to your most recentaccount statement: $20 per hour, minimum $20� Convenience check stop payment: $15� Balance transfer stop payment fee: $15� Each request to have a credit card delivered by courier: $20
Change in Terms
This Agreement is the contract which applies to all transactions on yourAccount, even though the sales, Cash Advance, credit, or other documentsyou sign, agree to, or receive, may contain different terms.  We mayamend, modify, add to, or delete from this Agreement any term, condition,service, or feature at any time, including the amount or calculation ofINTEREST CHARGES. Unless we state otherwise, the change will affectany unpaid balance outstanding and any subsequent transactions. Anotice will be mailed to your last known address at least forty-five (45)days prior to the effective date of the change as required by federal orother law. When a notice of change in terms is required, it may be sent aslate as the effective date of the change when the change has been agreedto in writing by you.  Rates are based on approved credit.
Cancellation of Card
You may cancel your card at any time in writing, enclosing all cards on youraccount cut in two. Cancellation of the card will end all charging privileges.We have the right to revoke your right to use the credit card at any time.We can do this with or without cause and without giving you notice. Wemay list revoked credit cards in a cancellation bulletin or otherwise informfirms honoring the credit card that the credit card issued to you has beenrevoked or cancelled. If we revoke the credit card or it expires, you mustreturn it to us if we so request. Also, if a firm that accepts the credit cardasks you to surrender an expired or revoked credit card, you must do so.You may not use the credit card after it has expired or after it has beenrevoked. Cancellation or revocation of your credit card will not affect yourobligation to pay any amounts that may be due under this Agreement.
Illegal Activity
Your Mastercard card may not be used for any illegal activity. Internetgambling may be illegal in the jurisdiction in which you are located,including the United States and its territories. Your card may only beused for legal transactions. Display of a payment card logo by an onlinemerchant does not mean that Internet gambling or other transactionsare legal in the jurisdiction in which you are located. You agree to repay,according to the terms of this Agreement, transactions you initiate by useof your card, whether deemed legal or illegal.
Internet Transactions
Your Mastercard is automatically enrolled in the Mastercard 3-D Secureprogram. 3-D Secure is designed as an additional layer of security foronline transactions when you use your credit card during a card-not-present transaction. Your transaction is securely verified in the backgroundand there is nothing else for you to do.Variable Rate Margins
   I n s p i r e         R e w a r d s
PurchasesBalance TransfersCash AdvancesTier 1+Margin5.25%5.25%10.25%MarginN/AN/AN/APurchasesBalance TransfersCash AdvancesTier 1
Margin7.25%7.25%12.25%Margin8.25%8.25%13.25%PurchasesBalance TransfersCash AdvancesTier 2
Margin9.25%9.25%14.25%Margin10.25%10.25%15.25%PurchasesBalance TransfersCash AdvancesTier 3
Margin11.25%11.25%16.25%Margin12.25%12.25%17.25%PurchasesBalance TransfersCash AdvancesTier 4
Margin17.90%17.90%17.90%Margin17.90%17.90%17.90%PurchasesBalance TransfersCash AdvancesTier 5
Margin17.90%17.90%17.90%Margin17.90%17.90%17.90%
Annual Percentage Rate - Penalty Rate
If your credit card account is delinquent 60 days, we will increase yourAnnual Percentage Rateon the entire balance to 17.90%. The PenaltyAPR will continue to apply unless you make 6 consecutive minimumpayments when due (beginning with the billing cycle immediately followingthe application of the Penalty APR) and do not exceed your credit limitduring that time period. If these requirements are met, your credit cardrate will be lowered to reflect your original tier.
Monthly Periodic Rate
The Monthly Periodic Rate is determined by dividing the Annual PercentageRate by twelve (12 months in a year).
Calculation of Interest Charges
Interest Charges for each monthly billing cycle will be calculated bymultiplying the Average Adjusted Daily Balance by the Monthly PeriodicRate. We will calculate your Average Adjusted Daily Balance as follows:We take the outstanding balance (all amounts you owe) at the start of theday. Then, in the sequence in which the amounts post to your account, weadd the amount(s) of all debits and subtract the amount(s) of all paymentsand credits which post to your account that day. After applying paymentsand credits, we subtract any amount of late charge, interest charge, andany other charges that remain unpaid.The result is the adjusted daily balance for that day. We add together allthe adjusted daily balances for each day in the billing cycle and divide thetotal by the number of days in the billing cycle. The result is the AverageAdjusted Daily Balance for that billing cycle.Interest Charges are imposed only if you do not pay in full the new balancefor Purchases shown on your Periodic Statement within 25 days of the endof the statement period. However, interest charges will be assessed andwill accrue on any cash advance(see Purchases/Balance Transfers/Cash Advances)from the date that such cash advance transaction isposted to your account to the date the cash advance balance is paid inMembership Requirement
You must be a Member in good standing to be eligible for a credit card withus. We may suspend card privileges, including closing your account, if youdo not maintain your Membership with us in good standing.
Responsibility for Account
You agree to repay us according to the terms of this Agreement for allpurchases, advances, finance charges, fees and collection costs, if any,arising from the use of this account by you or any other person you permitto use your card and/or account (even if that person exceeded the amountfor which you gave permission).  If you decide to close your account,please notify us orally or in writing and return all card(s) on the account.You remain liable for any transactions to the account that we cannotprevent after you notify us. Any person using the account and/or card isjointly and severally responsible for all charges on the account.
Lost, Stolen or Unauthorized Use
It is important to continually monitor your monthly statements to identifyany unauthorized transactions. If your card is lost or stolen, or you believethat someone has accessed or may access money from your card withoutyour permission, notify us immediately. If you notice unauthorized orfraudulent activity on your card, notify us immediately. Notify us at thephone number or address listed on your statement under �How to ReachUs�. SeeYour Billing Rights for further information. If your card is usedfraudulently, you agree to assist us in our investigation.
Rewards Cards Terms and Conditions
If you are participating in a Mastercard Rewards Card program, we haveprovided you with a separate written disclosure stating additional Termsand Conditions on your Rewards Card account, and that disclosure is madepart of this Agreement by this reference.
Annual Percentage Rate
SchoolsFirst FCU has a loan program, which features a range of interestrates for some of its consumer loans. A rate is based on a variety offactors, including the applicant�s credit rating.This Agreement establishes theAnnual Percentage Rate for Purchases, Balance Transfers and Cash Advances under this credit card program. Wehave provided you with a separate written disclosure stating the AnnualPercentage Rate that will apply to purchases and cash advances on youraccount. That disclosure is made part of this Agreement by this reference.
Annual Percentage Rate -Variable Rate Credit Card Programs
TheAnnual Percentage Rateis subject to change monthly on the firstday of the billing cycle.  Note that an increase in the Annual PercentageRate may result in greater interest charges and a larger monthly payment.We reserve the right to waive a change in your Annual PercentageRate when such a change can be made, but such waiver shallnot be construed as a waiver of our right to change the AnnualPercentage Rate at a future date when entitled to do so.The rate is determined by adding an index plusa margin. The index is the highest �Prime Rate� as reported in the �Money Rates� tables ofThe Wall Street Journal on the first business day of the month precedingthe start date of each current billing cycle.  The tier and margin, andsubsequently the APR you receive, is determined by your creditworthiness.The maximumAnnual Percentage Rate is 18.00%.Change of Name, Address, Employment, Telephone
You agree to promptly report to us any change in your name, address,employment, or telephone number.
Balance Transfers
Balance transfers are the transfer of balances from other lenders to yourSchoolsFirst FCU credit card and cannot be applied to any amount you oweunder any other credit agreement or account you have with SchoolsFirstFCU.
Purchases/Balance Transfers/Cash Advances
You may access your line of credit by making a purchase at a merchant�slocation that accepts the credit card, by requesting a Balance Transferorally or electronically, or in writing, or by making a cash advance. Wewill not be responsible or liable to you should anyone refuse to accept orhonor your card, or should anyone retain your card and not return it toyou. You may request cash advances under this Agreement by writing aSchoolsFirst FCU convenience check; by making a written, telephone orelectronic request to us; or by requesting a cash advance at a financialinstitution or an ATM that accepts the credit card. You agree to repay alladvances for purchases, balance transfers, and cash advances made toyou or at the request of a joint borrower or authorized user under thisAgreement, and you understand that all purchases, balance transfers, andcash advances will be subject to the terms of this Agreement. You agreenot to request advances, balance transfers, or make purchases or use youraccount in any way that would make the unpaid balance of your accountexceed your credit limit. Cash advances cannot be used to pay any amountyou owe under this Agreement or under any other credit agreement oraccount you have with us now or in the future.
Minimum Monthly Payments
You will receive a statement for each monthly billing period in which youraccount has an outstanding or credit balance. The minimum monthlypayment on your account is calculated at 2% of the statement balanceor $25, whichever is greater. If your account balance is greater than yourlimit or your account is past due, you will be billed for the greater of: theminimum monthly payment; or the past due amount; or the overlimitamount. If the account is not paid down to the limit or below, the accountis subject to closure. The minimum monthly payment must be received atthe payment center on or before the payment due date reflected on thefront of your monthly billing statement or the payment may be consideredpast due. Payments made in excess of the minimum payment will beapplied first to the balance with the highest interest rate, then successivelyto each lower interest rate until the excess payment amount is exhausted.If you have a credit balance on your account due to merchant credits,adjustments or overpayments, we will hold and apply this credit balanceagainst future purchases and cash advances, or refund it at your writtenrequest. An increase or decrease in the Annual Percentage Rate may resultin an increase or decrease in your monthly payment.
Promise to Pay
You agree to pay us, at the payment address stated on the front of yourmonthly billing statement, all sums which have been accumulated on youraccount by you or others with your permission, together with any financecharges, late charges and any other service charges computed on youraccount as set forth in this Agreement.
Authorizations
Most transactions require approval of funds. Approvals result in placinga hold against your credit limit. We may limit the number or amount ofapprovals or purchases and advances per day or deny transactions whenwe detect unusual or suspicious activity, even if you have sufficient creditavailable.  We are not liable for failing to approve any transaction and wemay, although we are not required to, approve transactions above youravailable credit. We are not liable if a merchant, financial institution, orATM does not honor your card.You agree to the following terms and conditions and any amendmentsthereto.Accepting This AgreementBefore you sign or use the SchoolsFirst Federal Credit Union Mastercard�
credit card issued to you, please read this Agreement thoroughly, becauseby using the credit card you will be agreeing with us to the terms andconditions stated in this Agreement. If you do not wish to be bound by thisAgreement, do not use the credit card and contact us to let us know thatyou wish to cancel your credit card account with us. If you have receiveda card or checks to access the card account, destroy them.
Definitions
In this Agreement the words �you�, �your�, and �yours� mean each andall of the person(s) who apply for and/or use the card, the words �creditcard� mean the SchoolsFirst Federal Credit Union Mastercard credit card,and the words, �we�, �our�, �us�, and �Credit Union� mean the SchoolsFirstFederal Credit Union.
Liability of All Cardholders and Authorized Users
You understand that you are liable for the payment of all sums due underthis Agreement. If there is more than one borrower or authorized useron this account, each person, individually, and all persons jointly areobligated to repay all sums due under this Agreement. You agree thatall statements made in your application for your credit card were for thepurpose of obtaining credit and are true, correct, and complete to the bestof your knowledge and belief.
Credit Limit
This Agreement establishes a credit card account for you with an openend line of credit. We will establish a credit limit for you, and may increaseor decrease that credit limit from time to time. We have provided youwith a separate written disclosure stating the credit limit for purchasesand cash advances on your account, and that disclosure is made a partof this Agreement by this reference. Your monthly statements will showthe amount of credit available to you for purchases and cash advancesas of the statement date. We will give you written notice of any changein your credit limit. If your credit limit is decreased for any reason, anysubsequent request for a credit limit increase will be subject to creditapplication and approval. You agree not to use your account in any waywhich would make the unpaid balance of your account or cash advances onyour account exceed your credit limit. You also agree to pay us the amountof any transactions on your account in excess of your credit limit alongwith your regular minimum payment at your next scheduled payment duedate. Purchases and advances are subject to daily limits that may restrictthe full use of your Credit Limit.
Personal Identification Number
A Personal Identification Number (PIN) may be obtained by calling866.955.1347. This PIN may be used by you with your credit card to obtaina cash advance on your account at any Automated Teller Machine (ATM)displaying the Mastercard logo or to make purchases at any designatedpoint of sale (POS) machine. Please keep your PIN confidential and do notwrite it on or keep it with your credit card.
Credit Information
You agree that we may re-examine and re-evaluate your creditworthinessat any time. You authorize us to obtain, from time to time, information fromothers, including, but not limited to credit reporting agencies, concerningyou and your credit accounts. You also authorize us to respond to requestsfrom others and to provide information regarding the status and history ofyour account with us. However, we are not obligated to release any suchinformation to anyone unless we are required by law to do so. You agreethat we have the right to refuse future advances under your line of creditor reduce your credit limit upon re-examination and re-evaluation of yourcreditworthiness, should your creditworthiness change significantly.
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