Account Opening Disclosures
Supplement to Credit Card Agreement for VISA Platinum Points Plus Accounts
Education Credit Union

Interest Rates and Interest Charges Actual 
pricing will vary from one cardholder to another

Annual Percentage Rate (APR)
for "Purchases

Annual Percentage Rate (APR)
for Balance Transfers

Annual Percentage Rate 
(APR) for Cash Advances

Penalty APR and When it Applies

based on your credit worthiness.  This APR will vary 

-
12.50% 15.45%
with the market based on the Prime Rate. 
-
12.50% 15.45%
with the market based on the Prime Rate. 
-
16.25% 18.00%
with the market based on the Prime Rate. 
17.75%
This APR may be applied to all advances for your account if you:

based on your credit worthiness.  This APR will vary 

based on your credit worthiness.  This APR will vary 

1)        Make a late payment

How Long Will the Penalty APR Apply?: If your APR is increased for this 
reason, the Penalty APR will apply until you make six consecutive minimum 
payments when due.

How to Avoid Paying 
Interest on Purchases        

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau

Your due date is at least 25 days after the close of each billing cycle. We will not 
charge you interest on purchases if you pay your entire balance by the due date 
each month.
To learn more about factors to consider when applying for or using a credit card, 
visit the website of the Consumer Financial Protection Bureau at http://www.
consumerfinance.gov/learnmore

Fees
Annual Fee

Cash Advance

None

Either 2%or $5, whichever is greater

Foreign Transaction

Up to 1% of each transaction in U.S. dollars.

Transaction Fees

Penalty Fees

.

.

Late Payment

$25 (If we do not receive your required Minimum Payment within 10 days of the 
Payment Due Date, you may be charged a Late Payment Fee of your Minimum 
monthly payment or $25, whichever is less.)

.

Returned Payment

Other Fees

. EzPay (telephone
assisted expedited
payment service)
. Replacement Card

Convenience Check

.
Stop Payment
. Copy of Check
. Non-Sufficient Funds
(insufficient credit
limit)

$20 (If any payment made on your Account is returned unpaid for any reason, you 
will be charged a Returned Payment Fee or the amount equal to your required 
Minimum Payment, whichever is less. The Returned Payment Fee will apply when 
any payment is returned to us, even if the payment is honored upon 
resubmission.)

$10

$7.50

$20 per check
$20 per check
$22 per return

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”
Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided below.

Truth in Lending Disclosures

COST OF CREDIT: You will pay an INTEREST CHARGE for all advances made against your Account. INTEREST CHARGES for cash advances and balance 
transfers begin to accrue on the date of the advance. New purchases will not incur an INTEREST CHARGE on the date they are posted to your Account if you 
have paid the Account in full by the Payment Due Date shown on your previous monthly statement, or if there was no previous balance.

-

-

0.044521% 0.049315% 16.25% 18.00%

-
0.034247% 0.042329% 12.50% 15.45%

-
For cash advances, the daily periodic rate is                                           (                             ANNUAL PERCENTAGE RATE). For purchases and balance 
transfers, the daily periodic rate is                                           (                             ANNUAL PERCENTAGE RATE). The ANNUAL PERCENTAGE RATE for cash 
advances and purchases (including balance transfers) is variable and may increase. Unless an Introductory rate is in effect, the periodic rate used to compute the 
INTEREST CHARGE for cash advances and purchases is based on an index (the “Index”), which is the Prime Rate as published in the Money Rates section of 
The Wall Street Journal on the last business day of the month and is subject to change monthly on the first day of each month. Any change in the Index will be 
effective on the first day of the billing cycle that ends on or after the date of the change. An increase in the Index will result in an increase in the daily periodic 
rate, which in turn, may result in higher payments. We will add a margin of 7.75%, 9.70%, or 10.70% to the Index to determine the purchases ANNUAL 
PERCENTAGE RATE, based on certain creditworthiness criteria. We will add a margin of 11.50%, 12.50%, or 13.50% to the Index to determine the cash 
advances ANNUAL PERCENTAGE RATE, based on certain creditworthiness criteria. The margin is determined by your credit score. The cash advances and 
purchases ANNUAL PERCENTAGE RATE is subject to change in the future based on changes in the Index. The daily periodic rate for purchases will never be 
greater than .048630% (17.75% ANNUAL PERCENTAGE RATE). The ANNUAL PERCENTAGE RATE set forth in this paragraph are referred to as the 
“Standard Rates.”

A portion of the INTEREST CHARGE is determined by applying the applicable daily periodic rate to the Average Daily Balance of your Account for each feature 
category, including certain current transactions. Feature categories include purchases, balance transfers, and cash advances. The Average Daily Balance is 
arrived at by taking the beginning balance of each feature category each day and adding any new transactions to the balance, except if you have paid your 
Account in full by the Payment Due Date shown on the previous monthly statement or there is no previous balance, new purchases are not added to the 

purchases balance. Balance transfers may be shown on your statement in the Promotions feature category. When determining balances, we may combine 
feature category balances that have the same periodic rate and other INTEREST CHARGE terms. We then subtract any payments or credits and unpaid 
INTEREST CHARGES allocated to the feature category balance for the day. This gives us the daily balance for the feature category. The daily balances for each 
feature category are then added together and divided by the number of days in the billing cycle. The result is the Average Daily Balance for each feature 
category. The periodic INTEREST CHARGE is determined by multiplying each feature category Average Daily Balance by the number of days in the billing cycle 
and applying the applicable daily periodic rate to the product. The total INTEREST CHARGE for each statement period is the sum of the periodic INTEREST 
CHARGES for each feature category plus any non-periodic INTEREST CHARGES.

In addition to the variable-rate aspects of the Account for purchases, the ANNUAL PERCENTAGE RATE for purchases is also based on certain creditworthiness 
criteria. After your Account has been open for at least one year, we may review your creditworthiness from time to time, including when you request a credit limit 
increase, and adjust your Standard Rate daily periodic rate and corresponding ANNUAL PERCENTAGE RATE for purchases by notifying you in accordance 
with applicable law. If your Standard Rate ANNUAL PERCENTAGE RATE for purchases and cash advances is adjusted based on your creditworthiness, the 
margin used for calculating rate changes due to changes in the Index will be adjusted. Any ANNUAL PERCENTAGE RATE changes to your Account due to 
changes in your creditworthiness will only affect new purchase balances beginning on the effective date of the change; existing purchase balances will continue 
to be subject to the ANNUAL PERCENTAGE RATE in effect before the date of the change until those balances are paid in full.

lf at any time a required minimum payment is three or more billing cycles past due, the ANNUAL PERCENTAGE RATE for all advances may be increased to a 
Penalty Rate daily periodic rate of .048630% (17.75% ANNUAL PERCENTAGE RATE). After the Penalty Rate becomes effective, it will apply both to current 
and new balances and it may remain in effect indefinitely. If your minimum payments are made as required for six (6) consecutive months starting on or after the 
first payment due following the Penalty Rate effective date the Standard Rales for your Account will be restored.

No additional INTEREST CHARGES will be imposed on new purchases shown on your statement if the New Balance shown on the statement is paid in full by 
the Payment Due Date reflected on the statement. The Payment Due Date is not less than 25 days from the billing cycle closing date shown on your statement.

MILITARY LENDING ACT DISCLOSURE: The following disclosure applies to persons covered by the Military Lending Act-other governmental programs and 
laws may also govern or apply to this transaction but are not described in the following disclosure. The following disclosure is required by the Military Lending 
Act.

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost 
of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an ANNUAL PERCENTAGE RATE of 36 percent. This rate 
must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in 
connection with the credit transaction; any application fee charged (other than credit application fees for specified credit transactions or accounts); and any 
participation fee charged (other than certain participation fees for a credit card account).

Please refer to the Total Minimum Payment Due section of the Credit Card Agreement accompanying this disclosure to see how your monthly minimum payment 
is calculated.

MINIMUM PAYMENT: Minimum payment amount is $18.00 or 3.00% of the outstanding balance, whichever is greater.