Nusenda Federal Credit Union 
VISA® CREDIT CARD 
AGREEMENT AND DISCLOSURE 

Terms. In this Agreement, the following definitions will apply 
throughout.  The words,  “you,”  “your,”  and “yours”  mean  the 
person(s) who  applied  for  the  Account, the  person(s) to 
whom  we  issue  the  Card(s) or  Convenience Checks, the 
person who  uses  the  Account, co-borrower/co-signer,  and 
any joint applicant or guarantor all of whom are bound by all 
the terms and conditions of the Agreement. The word “Card” 
means one or  more Cards that we  have issued with your 
Account  number.  The  words  “we,”  “us,”  and  “our”  mean 
Nusenda Federal Credit Union, Albuquerque,  New Mexico, 
its  successors  and  assigns.  The  words  “Convenience 
Checks”  mean one or more checks  that we may provide  to 
access your Credit Card Account.  This Agreement is binding 
on  each  Cardholder,  borrower,  or  co-borrower  obtaining 
credit with the Card, jointly and severally. 

Agreement and  Promise to  Pay.   This  is  your  current 
agreement governing the use of your Nusneda Federal Credit 
Union  Credit  Card  (“Card”)  Account  (“Account”).  The  first 
time  that  you  or  someone  you  authorize  uses, accepts 
or  signs the  Card(s), it  will  mean that  you  have accepted 
and agreed  to  this Agreement  and you promise  to  pay  us 
the  total  amount  of  any  purchases,  advances  and 
Convenience Check  advances together with  any  Finance 
Charges,  fees, other charges and collection costs. If this is a 
Joint Account,  each of you separately  and all of you jointly 
will be liable for all amounts  owing on the Account  and will 
be responsible for complying with this Agreement, even if the 
Account  is only used by one of you. Further,  if this is a Joint 
Account,  each of you agrees that we may mail statements 
and  notices regarding the  Account to  the  single  address 
shown on  our  records as  the  address for  statements  and 
notices regarding the Account (“the Account Address”). 

Use of Account. Your line of credit amount and Card terms 
will be disclosed to you when you receive your Card. The full 
amount of your credit line is available to buy or lease goods 
or services wherever the Card is honored. In most cases, you 
will be asked to present your Card and sign a sales slip or to 
give your Personal Identification Number. Your cash advance 
limit is available  for cash advances,  cash advances  at any 
automated  teller  machine  that accepts the Card or by using 
Convenience Checks. The  total  amount  charged on  your 
Account,  including  purchases,  cash  advances,  Finance 
Charges,  fees or  other charges must always remain below 
your credit limit. 

Internet  gambling  may be illegal in the jurisdiction in which 
you are located,  including  the United  States.  Your card may 
only be  used for  legal transactions.  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. 

Additional Cards.   You  may  request additional  Cards on 
your  Account for  yourself or  others  and  you  may  permit 
another person  to  have  access  to  the  Card  or  Account 
Number, provided that person signs a Credit Card application 
or an authorized user form. However, if you do, you are liable 
for all charges made by those persons. You must notify us to 
revoke  permission for any person you previously  authorized 
to use your Account. If you tell us to revoke another person’s 
use of your Account,  we may close the Account  and issue a 
new Card or Cards with a different Account Number. You are 
responsible for the use of each Card issued on your Account 
according  to the terms of this Agreement.  Notwithstanding 
the foregoing, due to federal laws and regulations,  if you are 
under 21 years of age and you revoke the permission of your 
co-borrower, we  may  request  that  you  obtain  another 
co-borrower who is 21 years of age or older or terminate your 
account, in our sole discretion. 

Balance  Transfers  and Promotions.  We may from time 
to time offer special rates on balance transfers and balances 
created  through  other  promotional  programs.  If you transfer 
a balance from another creditor’s Account through a balance 

transfer promotion, the transferred balance will be subject to 
the terms of the applicable  balance  transfer  offer. Balance 
transfers may be treated as cash advance transactions. With 
each balance  transfer  and other  promotional  programs,  the 
terms, including  the ANNUAL PERCENTAGE  RATE and the 
corresponding monthly periodic rate  used  in  determining 
your  FINANCE CHARGE and  the  effective dates,  will  be 
detailed in the offer. 

Convenience Checks.  Convenience  Checks  may be used 
to purchase  goods  and services  or to obtain  cash up to the 
amount  of  your  available  credit  limit.  We  will  treat 
Convenience  Checks as a  cash advance.  We will charge a 
Finance  Charge on Convenience  Check advances  from the 
date the Convenience Check is posted to your Account, until 
the day we receive payment in full. Each Convenience Check 
must be  in  the  form we  have  issued and  must be  used 
according  to the instructions  we give you. Only the person 
whose  name  is printed  on  them  may  use  Convenience 
Checks. Convenience  Checks may not be  used to  pay any 
amount  owed  to  us  under  this  or  any  other  Nusenda 
Federal Credit Union Card Agreement. We will not certify any 
Convenience  Checks,  nor  will  we 
return  paid 
Convenience Checks. 

Statements.   Each  month in  which  your  Account has  a 
balance you will receive a  statement  showing the balance 
due.  Your  statement will  show  the  minimum amount you 
must  pay  and  the  date  by  which  we  must  receive  your 
payment. The due date will  be  at  least 21  days after the 
statement  is mailed. The statement also shows your current 
credit limit  and  an  itemized list  of  current charges, cash 
advances,  including cash advances  made by Convenience 
Checks,  payments  and credits, an itemized  summary of the 
purchase  balance,  the  cash  advance  balance,  Finance 
Charges on each, and other important information. 

FINANC E CHARGES :  
Please see  enclosed Addendum for  information on 
Finance Charges. 
Payment Default.  The Penalty Rate applies to new and 
outstanding account  balances  if  you  fail  to  make  the 
required  minimum  payment  to   Nusenda Federal Credit 
Union  within  60  days  after  the  payment  is  due.    The 
increase  will  terminate  once the  cardholder  has made six 
consecutive  minimum  payments  on time, starting with the 
first payment  after  the date  on which  it is imposed.  If  the 
six consecutive  on time minimum payments  are not made, 
we  have  the  option  of  keeping  the  Penalty  ANNUAL 
PERCENTAGE RATE on your account indefinitely, subject to 
applicable laws and regulations. 

Security  Interest.  (This  only  applies  to  Secured  Card 
Accounts.)  To  secure payment of  all  amounts you  owe on 
your  Account  or  otherwise  to  Nusenda  Federal  Credit 
Union,  you  assign,  pledge  and  grant  us  a  security 
interest in your interest in the Security Account, including the 
initial  funds  with  which  you  established  your  Security 
Account and  any  additional funds  thereto  as  well  as  all 
interest  accrued  thereon,  pursuant  to the Security  Account 
Assignment Agreement you executed. 

Minimum Monthly Payment. You agree to pay a minimum 
monthly  payment  equal to: (1) the greater  of $10.00  or 2% 
of the new balance (rounded to whole dollars), plus the past 
due amount  of any prior minimum  monthly  payments;  plus 
(2) the full amount  by which the Account  balance  exceeds 
your credit line. If the total amount owed is less than $10.00, 
the  minimum monthly payment will  equal the  entire new 
balance shown  on the monthly  statement.  You may pay any 
amount in  excess of  your minimum monthly payment and 
you may pay your Account in  full. Should you fail to make 
your minimum payment, by the payment due date, you agree 
to pay a Late Payment  Fee. You agree that we may change 
this Late Payment Fee. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
VISA® CREDIT CARD AGREEMENT AND DISCLOSURE (Cont.) 

2 

Additional  Payment  Terms.  All payments  must be made 
in U.S. dollars and delivered to us at any one of our branch 
offices or to the address shown on the monthly statement. If 
we  receive  your  payment  before  5:00  p.m.  (Mountain 
Standard Time) on a business day, at the address shown on 
the front of your monthly  statement  or at any of our branch 
offices, we will credit your payment as of the date of receipt. 
All other payments  will be credited  to your Account  on the 
next business  day following  receipt. We may accept late or 
partial  payments as  well  as  payments marked  “PAID  IN 
FULL” or other restrictive  endorsements,  without  losing any 
of  our  rights  under  this  Agreement  and  without  such 
payments constituting full  accord  and  satisfaction of  the 
debt. If you make payments using personal checks, and your 
financial  institution  refuses  to pay the check and returns  it 
to us, you agree to pay a Return Payment  Fee. If your loan 
Account balance is less than the minimum  payment amount 
you must pay the entire balance. You may repay all or part of 
what you owe at any time. However, so long as you owe any 
amount you must continue to make  your periodic minimum 
payment.  Your minimum  monthly  payment  will be allocated 
to your account  in accordance  with all applicable  laws and 
regulations. 

Personal Identification  Number.   We  will  issue  you  a 
Personal  Identification Number (“PIN”)  to be used with your 
Card. You agree not to write this PIN on your Card, and not to 
carry your PIN with you at the same time as you carry your 
Card. We will treat any charge made by you using your Card 
and PIN as having been authorized by you. If you keep your 
PIN with the Card, we can refuse to reissue your Card. 

Change  of  Terms.    We  can  change  the  terms  of  this 
Agreement, including all  fees,  other  charges and  Annual 
Percentage Rate, at any time, subject to applicable laws and 
regulations. 

Events of Default.  You are in default if you fail to pay the 
minimum  payment  listed on each billing  statement on time, 
file  for  bankruptcy, exceed  your  credit  limit  without  our 
permission,  or  default  on  this  or  any  other  Nusenda 
Federal Credit Union Card Agreement  you  have with us. If 
you are in default, we may close your Account and require  a 
shorter  amortization of  your  account balance, subject to 
applicable  laws  and  regulations.  No  notice  is  required. 
We may also declare  the whole  balance  due if  you  die,  if 
you  make  false  or  misleading  statements  on  your 
application, or  if other  creditors  attach  or  garnish  your 
property.  If you have given us a security  interest  in a share 
Account, share draft Account, or  certificate  of  deposit, we 
may use the deposit amount to  pay any amount you owe 
us. 

Collection Costs.   If  we  have to  refer collection of  your 
Account  to a  lawyer (who is  not our salaried  employee),  to 
the  extent  permitted  by  law,  you  will  have  to  pay  our 
attorney’s fee plus court costs and any other fees. 

Information Reporting. We may report your performance 
under this Agreement to credit reporting agencies, including 
your failure to make minimum  payments on time. A negative 
credit report may  significantly harm your  ability to  obtain 
credit  from  other  sources. We  may  also  obtain  follow-up 
credit reports on  you  (for  example, when we  review your 
Account  for  a  credit  line  increase).  We  may  exchange 
information  about you  or  your Account with our  affiliates, 
and, to the extent permitted by law, with  other third parties. 
However, if  you prefer that we not share such information 
with our affiliate companies, just call us at (505) 889-7755 

or outside the Albuquerque  area, 1-800-347-2838.  You may 
also  write  to  us  at  Nusenda  Federal  Credit  Union,  P.O. 
Box 8530, Albuquerque, New Mexico 87198. 

Closing Your Account. You may close your Account at any 
time  by  notifying us  in  writing.  However, you  remain 
responsible to pay the balance according to the terms of this 
Agreement. We  may  close  your  Account or  suspend your 
Account  privileges  at any time without prior notice.  We may 
also reissue  a different  Card, Account  Number,  or different 
checks at any time. You must return the Card or the checks 
to us upon request. 

Lost or Stolen Cards.  If any Card, Account Number, PIN or 
Convenience Check is lost or stolen, or if you think someone 
used or may use them without your permission,  notify  us at 
once by calling the telephone  number  shown on the billing 
statement  or  by  calling 1-800-325-3678.  We  may require 
you to provide  certain  information  in writing to help us find 
out what happened.  Do not use the Card or  Convenience 
Checks  after we’ve been notified,  even if they are found or 
returned.  You  will  not  be  liable  for  any  unauthorized 
purchases or cash advances made after we’ve been notified 
of the loss or the theft; however, you must identify for us the 
charges on the billing  statement that were not made by you 
or someone authorized by you, and from which you received 
no benefit. 

Credit Authorizations.  We are not responsible if we do not 
approve a purchase or cash advance on your Account, or if a 
third party refuses  to accept  or honor the Card, even if you 
have sufficient credit available. We may limit the number of 
purchases  or cash advances which may be approved in one 
day.  If  we  detect  unusual or  suspicious activity  on  your 
Account,  we may temporarily  suspend  your credit privileges 
until we can verify the activity.  We may approve purchases or 
cash advances that cause the balance to exceed your credit 
line without waiving any of our rights under the Agreement. 

Waiver. Our failure to exercise, or our delay in exercising any 
of our rights under this Agreement  for any reason  does not 
mean that we will be unable to exercise these rights later. 

Assignment.  You may not sell or transfer  your Account  or 
any rights or obligations  hereunder without our prior written 
consent.  We may sell, assign or transfer  your Account  and 
any amounts owed by  you to  another creditor at  any time 
without  prior notice unless  otherwise  required  by law. If we 
do, this Agreement shall remain in effect. 

Applicable Law. Federal law and the law of the state where 
the  Credit  Union  is  located  shall  govern  the  terms  and 
enforcement of  this  Agreement.   Invalidity of  any  part  of 
this Agreement does not affect the remaining parts. 

Questions.  If you have any questions about your statement, 
please  contact  us.  You  should  write  to  Nusenda  Federal 
Credit  Union,  P.O.  Box  8530,  Albuquerque, New  Mexico 
87198,  or call us at the telephone  number  that will appear 
on your  monthly  statement.  In  case  you  believe  there  is  a 
mistake  on  your  statement,  read  the  following  information 
regarding your right to dispute billing errors. 

Your monthly statement shall be  presumed to  be  correct 
unless you notify us in writing within 15 days from the date 
of mailing in business transactions, or within 60 days from 
the  date  of mailing  in case  of consumer transactions. 
“Consumer  Transaction”  means  purchases  or advances for 
personal, family or household purposes. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
VISA® CREDIT CARD AGREEMENT AND DISCLOSURE (Cont.) 

3 

YOUR BILLING RIGHTS 
KEEP THIS NOTICE FOR FUTURE USE 

After we  finish our  investigation,  one of  two things 
will happen: 

This notice contains important information about your 
rights and our responsibilities  under the Fair Credit 
Billing Act. 

• 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. 

What To Do If You Find a Mistake on Your Statement. If 
you think there is an error on your statement, write us at: 

Customer Service 
P.O. Box 30495 
Tampa, FL 33630 

Or send an email to:  info@nmefcu.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 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 notify 
you that we received your letter.  We will also notify 
you if we have 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. 

• 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 you 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 address, and 
the  purchase price  must  have  been  for  more  than 
$50.00. (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. 

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 the purchase, contact us in writing 
or electronically at: 

• The charge in question may remain on  your 

statement, and  we  may  continue to  charge  you 
interest on that amount. 

Customer Service 
P.O. Box 30495 
Tampa, FL 33630 

• 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. 

or Email to:  info@nmefcu.org 

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. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federally insured by NCUA   •  Equal Opportunity Lender 

VADl   2/15 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nusenda Federal Credit Union
VISA® CREDIT CARD  
AGREEMENT AND DISCLOSURE
ADDENDUM: Prime + 7.75%

FINANCE  CHARGES:
Balance  Computation  Method.    We  figure  the  interest 
charge on your account by applying the periodic rate to the 
"average daily balance" of your account.  To get the "average 
daily  balance"  we  take  the  beginning  balance  of  your 
account  each  day,  add  any  new  purchases,  advances  and 
fees,  and  subtract  any  unpaid  interest  or  other  finance 
charges and any payments or credits.  This gives us the daily 
balance. Then, we add up all the daily balances for the billing 
cycle and divide the total by the number of days in the billing 
cycle.  This gives us the "average daily balance."

Annual  Percentage  Rate  for  Purchase  Transactions. 
The  ANNUAL  PERCENTAGE  RATE  (“APR”)  is  variable  and 
may  change  monthly  based  on  changes  in  an  index.  The 
index  is  the  Prime  Rate,  as  published  in  The  Wall  Street 
Journal  ("Index").  If  the  Index  becomes  unavailable  during 
the term of this account, the credit union may substitute a 
new  Index  after  notice  to  you.  The  interest  rate  will  be 
adjusted on the first day of each billing cycle, based on the 
most  recent  Index  figure  available  as  of  the  fifth  business 
day of the last month immediately preceding the new billing 
cycle. If the fifth day falls on a Saturday, Sunday or holiday,  
the Prime Rate published on the next business day will be 
used.  To  determine  the  ANNUAL  PERCENTAGE  RATE  for 
purchase transactions, we add a “Margin” of 7.75% to the 
Index. This gives us the new purchase transaction APR. The 
ANNUAL PERCENTAGE RATE will not exceed the maximum 
rate  of  18.0%.    The  monthly  periodic  rate  of  FINANCE 
CHARGES  is  1/12th  of  the  ANNUAL  PERCENTAGE 
RATE. 

The  ANNUAL  PERCENTAGE  RATE  for  purchases  could 
change monthly. An increase in the Prime Rate may increase 
both the number of minimum monthly payments required to 
repay the account balance and the amount of each minimum 
monthly  payment.    The  Prime  Rate  as  of  January  5,  2016 
was  3.50%,  which  results  in  an  ANNUAL  PERCENTAGE 
RATE of 11.25% for purchase transactions and a monthly 
periodic rate of  FINANCE CHARGE of 0.9375%. To find out 
the  current  prime  rate,  visit  www.bankrate.com/rates/
interest-rates/wall-street-prime-rate.aspx.  

Finance  Charges  On  Purchases.  We  will  calculate  the 
Finance Charge on your Account for purchase transactions, 
if  you  did  not  pay  the  total  New  Balance  listed  on  the  last 
billing statement in full by the payment due date. When you 
do  not  pay  the  New  Balance  in  full,  Finance  Charges  on 
purchases  begin  to  accrue  on  the  date  the  purchase  is 
posted to your Account. If there is a FINANCE CHARGE due 
which  is  less  than  $1.00,  you  will  be  charged  a  minimum 
FINANCE CHARGE of $1.00.

Annual  Percentage  Rate  for  Cash  Advances.   The 
ANNUAL  PERCENTAGE  RATE  (“APR”)  is  variable  and  may 
change  monthly based on changes in an Index. The Index is 
the  Prime  Rate  as  published  in  The  Wall  Street  Journal 
("Index").  If the Index becomes unavailable during the term 
of this account, the credit union may substitute a new Index 
after notice to you.  The interest rate will be adjusted on the 
first day of each billing cycle, based on the most recent Index 
figure available as the fifth business day of the last month 
immediately  preceding  the  new  billing  cycle.  If  the  5th  day 
falls on a Saturday, Sunday or holiday, we use the Prime Rate 
published  on  the  next  business  day.  To  determine  the 
ANNUAL  PERCENTAGE  RATE 
for  cash  advance 

transactions, we add a “Margin” of 7.75% to the Index. This 
gives us the new cash advance transaction APR. There is no 
limit on the amount the APR may increase at any one time. 
The  ANNUAL  PERCENTAGE  RATE  will  not  exceed  the 
maximum  rate  of  18%.  The  monthly  periodic  rate  of 
FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE 
RATE.

The ANNUAL PERCENTAGE RATE for cash advances may 
change monthly. An increase in the Prime Rate may increase 
both the number of minimum monthly payments required to 
repay the Account balance and the amount of each minimum 
monthly payment. The Prime Rate as of January 5, 2016 was 
3.50%,  which  results  in  an  ANNUAL  PERCENTAGE  RATE 
OF  11.25%  for  cash  advance  transactions  and  a  monthly 
periodic rate of FINANCE CHARGE OF 0.9375%. To find out 
the  current  prime  rate,  visit  www.bankrate.com/rates/
interest-rates/wall-street-prime-rate.aspx.

Finance  Charges  on  Cash  Advances.  We  will  charge  a 
Finance  Charge  on  cash  advances  from  the  day  you  take 
them until the day we receive payment in full as follows: To 
figure the Finance Charge for a billing cycle, we will apply a 
monthly periodic rate of Finance Charge to the average daily 
balance of your cash advance transactions, including current 
transactions,  for  the  billing  cycle.  If  there  is  a  FINANCE 
CHARGE due which is less than $1.00, you will be charged 
a  minimum  FINANCE  CHARGE  of  $1.00.    For  each  cash 
advance you obtain, you agree to pay a FINANCE CHARGE 
in the form of a cash advance transaction fee equal to 1% of 
the cash advance, not less than $2.00, but not more than 
$20.00.

Effect of Change in the Annual Percentage Rate. The 
ANNUAL PERCENTAGE RATE (“APR”) is variable and may 
change monthly based on changes in an Index. The Index is 
the  Prime  Rate,  as  published  in  The  Wall  Street  Journal 
("Index").  If the Index becomes unavailable during the term 
of this account, the credit union may substitute a new Index 
after notice to you.  The interest rate will be adjusted on the 
first day of each billing cycle, based on the most recent Index 
figure available as of the fifth business day of the last month 
immediately preceding the new billing cycle. Any increase in 
APR may increase your minimum payment. 

Payment  Default.    The  Penalty  Rate  applies  to  new  and 
outstanding  account  balances  if  you  fail  to  make  the 
required  minimum  payment  to  Nusenda  Federal  Credit 
Union within 60 days after the payment is due.  The increase 
will terminate once the cardholder has made six consecutive 
minimum payments on time, starting with the first payment 
after the date on which it is imposed.  If the six consecutive 
on  time  minimum  payments  are  not  made,  we  have  the 
option of keeping the Penalty ANNUAL PERCENTAGE RATE 
on your account indefinitely, subject to applicable laws and 
regulations. 

Annual  Percentage  Rate  for  the  Default  Rate.  The 
ANNUAL  PERCENTAGE  RATE  (“APR”)  is  currently  non-
variable  and 
is  tied  to  the  National  Credit  Union 
Administration's established maximum rate of interest. As of 
February 1, 2016 the rate is 18.00%.  The monthly periodic 
rate  of  FINANCE  CHARGE  is  1/12th  of  the  ANNUAL 
PERCENTAGE RATE which results in a monthly periodic rate 
of a FINANCE CHARGE of 1.50% . If the six consecutive on 
time minimum payments are not made, we have the option 
of keeping the Penalty APR on your account indefinitely. 

VISA® CREDIT CARD AGREEMENT AND DISCLOSURE (Cont.)  

2 

OTHER FEES: 

A.  Late Fee - if you fail to make your minimum payment on 
time, a late payment fee will be assessed.  You agree to 
pay a Late Payment Fee of up to $25.00.  You agree that 
Fee. 
we  may 

Payment 

change 

Late 

this 

*If  we  receive  more  than  one  of  your  last  six  payments 
after the due date listed on your monthly statement, you 
may be assessed a Late Payment Fee of up to $35.00.

B.  Returned  Payment  Fee  -  If  you  make  payments  using 
personal checks, and your financial institution refuses to 
pay  the  check  and  returns  it  to  us,  you  agree  to  pay  a 
Return Payment Fee of up to $25.00.

C.  Stop  Payment  Fee  -  We  will  assess  a  $25.00  Stop 
Payment Fee when the payment of a Convenience Check 
is stopped at your request.  You may stop payment on a 
Convenience Check by notifying us in writing at P.O. Box 
8530, Albuquerque, New Mexico 87198.  Once a charge 
is made through the use of the Card or Account Number 
we  cannot  "stop  payment"  on  the  charge.    If  there  is  a 
dispute involving a charge on your Account, please refer 
to  the  section  entitled  "Your  Billing  Rights"  in  the  Visa 
Credit Card Agreement and Disclosure.

D.  Cash Advance Fee - We will assess a FINANCE CHARGE 
in the form of a cash advance transaction fee equal to 1% 
of the cash advance, not less than $2.00, but not more 
than $20.00. 

E.  Copy Charges - A $2.00 per page fee will be assessed for 
each  additional  copy    you  request  of  a  monthly  billing 
statement.    A  $4.00  charge  will  be  assessed  for  each 
charge slip copy you request.

F.  Annual Fee - None.  

Foreign Currency Exchange Rate.   Purchases and cash 
advances made in foreign countries will be billed to you in 
U.S.  dollars.    Visa  charges  a  0.8%  fee  on  all  international 
transaction  where  a  currency  conversion  is  not  performed.  
When  a  currency  conversion  occurs,  Visa  charges  a  1.0% 
fee. 

The conversion rate to U.S. dollars will be made in accordance 
with the operating regulations for international transactions 
established by Visa International Inc.  Unless the converted 
amount is determined to be in error, the converted amount 
will be due as well as any conversion charges that may be 
imposed. 

Federally insured by NCUA • Equal Opportunity Lender                                                                                                                 ADM3  1/16

Auto Rental Collision Damage Waiver Program (Cont.)