SCHOOL EMPLOYEECREDIT CARDMASTERCARD
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AGREEMENT ANDDISCLOSURESTATEMENTApril 30, 2021the 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 witha check that accesses your credit card account do notqualify.3. You must not yet have fully paid for the purchase.
If all of the criteria above are met and you are still dissatisfied withthe purchase, contact us in writing (or electronically) at the addressor website listed above. While we investigate, the same rules applyto the disputed amount as discussed under
What To Do If You Find a Mistake on Your Statement.
After we finish our investigation, wewill tell you our decision. At that point, if we think you owe an amountand you do not pay we may report you as delinquent.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.
You must contact us:
� Within 60 days after the error appeared on your statement.� At least 3 business days before an automated paymentis scheduled, if you want to stop payment on the amountyou think 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 anypotential 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 tell youthat we received your letter. We will also tell you if wehave already corrected the error.2. Within 90 days of receiving your letter, we must eithercorrect the error or explain to you why we believe the billis correct.
While we investigate whether or not there has been an error:
� 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,and we may continue to charge you interest on thatamount.� 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 reportyou as delinquent if you do not pay the amount we thinkyou owe.
If you receive our explanation but still believe your bill is wrong,you must write to us within10 days telling us that you still refuse topay. If you do so, we cannot report you as delinquent without alsoreporting that you are questioning your bill. We must tell you thename of anyone to whom we reported you as delinquent, and wemust let those organizations know when the matter has been settledbetween us.If we do not follow all of the rules above, you do not have to pay thefirst $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 havepurchased with your credit card and you have tried in good faith tocorrect the problem with the merchant, you mayhave 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, andunenforceable, that determination shall not affect the validity orenforceability of any other provision.
Governing Law
This Agreement, your credit card line of credit, as well as our rightsand duties and your rights and duties regarding them, will begoverned by and interpreted in accordance with federal law to thefullest extent possible and, to the extent federal law does not apply,in accordance with California law, regardless of where you live anduse your credit card. This Agreement is made in California. All creditwill be extended from California, and all repayment must be madein California.
Third Party/Mobile Devices
We may also permit you or any authorized user to load informationabout your account onto third party/mobile devices (such as asmartphone, tablet, or any other handheld or wearable communicationdevice that allows you to store or electronically present your accountinformation) that would enable you to make purchases or engage incredit transactions for your account without needing to show yourcredit card. You and we agree that any such use of your account willbe subject to all the 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 accountonto any such device, you need to be aware that we do not controlthe device and cannot guarantee the performance of either the deviceor any third party.Additionally:
� You agree to carefully protect the security of any devicesthe same as you would your cash, checks, credit cardsand other valuable information. We encourage you topassword protect or lock your device to help prevent anunauthorized person from using it. You agree to promptlyreport any loss or 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 useand receive information in connection with a credittransaction. Third parties may also receive informationabout your mobile device when you use it to make a credittransaction.� 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 at
schoolsfirstfcu.org.will be either at the government-mandated rate or a wholesalecurrency market rate determined by Mastercard for the processingdate on which the transaction is processed. The currency conversionrate used by Mastercard on the processing date may differ fromthe rate that would have been used on the purchase date or thecardholder statement posting date.
Foreign Transaction Fee
A fee of 2% of the transaction amount in US Dollars will be assessedon cross-border and international transactions. Internationaltransactions include Internet transactions made when you are in theUnited States, but the merchant processes the transaction in a foreigncountry. Transactions acquired in U.S. territories, and transactionsoriginating on U.S. military bases, at U.S. embassies and at U.S.consulates, are excluded from this fee.
Convenience Checks
You may access your credit line by writing checks provided by us forthat purpose. The checks will be honored and paid up to your creditlimit as long as the account is not in default. You may request a stoppayment on a convenience check by phone or in writing. We mustreceive the request in time to afford us reasonable opportunity to actupon it under the Credit Union�s rules. Oral or telephone requests tostop payment must be confirmed by you in writing to us within 14calendar days after your original request, and if not so confirmed,such request will be considered to have lapsed after the 14-dayperiod. We can only honor a stop payment request for 12 monthsfrom the date of request. You agree not to hold us responsible for anyclaims or liabilities of payees or endorsers on convenience checks forwhich you have requested payment stopped. You agree not to holdus responsible for the misrouting or delay of a convenience checkdue to markings placed on the check by you or a prior endorser thatobscure any depository endorsement placed by us or our agent. Wemay recognize the signature of any borrower or authorized user onthis 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 youhave with us now or in the future. Convenience checks are consideredcash advances and accrue interest according to the method describedfor cash advances under the �CALCULATION OF FINANCE CHARGES�heading of this disclosure.
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 periodicpayments as required by this Agreement, (2) you do not keep anypromise made in this Agreement or any other agreement with thisCredit Union, (3) any information that you give us to obtain a loanadvance is false, (4) any third party attempts by legal process to takeany property belonging to you, (5) you die, become insolvent or area party to any bankruptcy proceeding, or (6) as otherwise providedin this Agreement. If you are in default, we may refuse to make anyfurther advances or refuse charge privileges to you and declare allsums owed under this Agreement immediately due and payable. Wemay accept late payments or partial payments without losing any ofour rights under this Agreement. You understand that if you are indefault, 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.  Shouldany provision of this Agreement be determined to be invalid or
M-133242
13468935_1_M-133242.indd  1 4/9/21   11:26 AM � Additional copies of your monthly billing statement:$2 (per statement)� Any payment instrument or method including check, in-person, ACH or other electronic transaction returned to usfor any reason: $20� Researching transactions occurring prior to your mostrecent account 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 onyour Account, even though the sales, Cash Advance, credit, or otherdocuments you sign, agree to, or receive, may contain differentterms.  We may amend, modify, add to, or delete from this Agreementany term, condition, service, or feature at any time, including theamount or calculation of INTEREST CHARGES. Unless we stateotherwise, the change will affect any unpaid balance outstandingand any subsequent transactions. A notice will be mailed to your lastknown mailing address or sent through email (if you have consentedto receive electronic communications) at least 45 days prior to theeffective date of the change as required by federal or other law. Whena notice of change in terms is required, it may be sent as late as theeffective date of the change when the change has been agreed to inwriting by you.  Rates are based on approved credit.
Cancellation of Card
You may cancel your card at any time in writing, enclosing all cardson your account cut in two. Cancellation of the card will end allcharging privileges. We have the right to revoke your right to usethe credit card at any time. We can do this with or without causeand without giving you notice. We may list revoked credit cards ina cancellation bulletin or otherwise inform firms honoring the creditcard that the credit card issued to you has been revoked or cancelled.If we revoke the credit card or it expires, you must return it to usif we so request. Also, if a firm that accepts the credit card asksyou 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 hasbeen revoked.  Cancellation or revocation of your credit card will notaffect your obligation to pay any amounts that may be due under thisAgreement.
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 onlybe used for legal transactions. Display of a payment card logo byan online merchant does not mean that Internet gambling or othertransactions are legal in the jurisdiction in which you are located. Youagree to repay, according to the terms of this Agreement, transactionsyou initiate by use of your card, whether deemed legal or illegal.
Internet Transactions
Your Mastercard is automatically enrolled in the Mastercard 3-DSecure program. 3-D Secure is designed as an additional layer ofsecurity for online transactions when you use your credit card duringa card-not-present transaction. Your transaction is securely verifiedin the background and there is nothing else for you to do.
Foreign Currency Transactions
If you effect a transaction at a merchant that settles in a currencyother than U.S. dollars, Mastercard International will convert thecharge into a U.S. dollar amount. The conversion rate in U.S. dollarscycle. The tier and margin, and subsequently the APR you receive,is determined by your creditworthiness. The maximumAnnual Percentage Rate
 is18.00% .
Variable Rate Margins
Tier Tier 1 Tier 2 Tier 3 Tier 4Tier 5 Purchases4.25%6.25% 8.25% 13.25% 17.90%BalanceTransfers4.25%6.25% 8.25% 13.25% 17.90%CashAdvances9.25% 11.25% 13.25% 17.90% 17.90%
Annual Percentage Rate - Penalty Rate
If your credit card account is delinquent 60 days, we will increaseyour
Annual Percentage Rate on the entire balance to 17.90%. ThePenalty APR will continue to apply unless you make 6 consecutiveminimum payments when due (beginning with the billing cycleimmediately following the application of the Penalty APR) and do notexceed your credit limit during that time period. If these requirementsare met, your credit card rate will be lowered to reflect your originaltier.
Monthly Periodic Rate
The Monthly Periodic Rate is determined by dividing the AnnualPercentage Rate by twelve (12 months in a year).
Calculation of Interest Charges
Interest Charges for each monthly billing cycle will be calculatedby multiplying the Average Adjusted Daily Balance by the MonthlyPeriodic Rate. We will calculate your Average Adjusted Daily Balanceas follows: We take the outstanding balance (all amounts you owe)at the start of the day. Then, in the sequence in which the amountspost to your account, we add the amount(s) of all debits and subtractthe amount(s) of all payments and credits which post to your accountthat day. After applying payments and credits, we subtract anyamount of late charge, interest charge, and any other charges thatremain unpaid.The result is the adjusted daily balance for that day. We add togetherall the adjusted daily balances for each day in the billing cycle anddivide the total by the number of days in the billing cycle. The resultis the Average Adjusted Daily Balance for that billing cycle.Interest Charges are imposed only if you do not pay in full the newbalance for Purchases shown on your Periodic Statement within 25days of the end of the statement period. However, interest chargeswill be assessed and will accrue on any cash advance (
see Purchases/ Cash Advances
) from the date that such cash advance transaction isposted to your account to the date the cash advance balance is paidin full or the Statement Closing Date whichever comes first, even ifpayment of the entire New Balance is received by us by the PaymentDue Date. In other words, there is no time period within which creditextended to you by a cash advance may be repaid without incurringan interest charge.
Late Charge
If the minimum payment due is not received by the Credit Unionwithin 15 days after the payment due date, a late charge of $25 willbe imposed.
Additional Fees and Service Charges
We may charge additional service charges for the following:
� Each draft copy that you request: $10Authorizations
Most transactions require approval of funds.  Approvals result inplacing a hold against your credit limit.  We may limit the numberor amount of approvals or purchases and advances per day or denytransactions when we detect unusual or suspicious activity, even ifyou have sufficient credit available. We are not liable for failing toapprove any transaction and we may, although we are not requiredto, approve transactions above your available credit.  We are not liableif a merchant, financial institution, or ATM does not honor your card.
Membership Requirement
You must be a Member in good standing to be eligible for a creditcard with us. We may suspend card privileges, including closing youraccount, if you do not maintain your Membership with us in goodstanding.
Responsibility for Account
You agree to repay us according to the terms of this Agreement forall purchases, advances, finance charges, fees and collection costs, ifany, arising from the use of this account by you or any other personyou permit to use your card and/or account (even if that personexceeded the amount for which you gave permission). If you decideto close your account, please notify us orally or in writing and returnall card(s) on the account.  You remain liable for any transactions tothe account that we cannot prevent after you notify us. Any personusing the account and/or card is jointly and severally responsible forall charges on the account.
Lost, Stolen or Unauthorized Use
It is important to continually monitor your monthly statements toidentify any unauthorized transactions. If your card is lost or stolen,or you believe that someone has accessed or may access moneyfrom your card without your permission, notify us immediately. Ifyou notice unauthorized or fraudulent activity on your card, notifyus immediately. Notify us at the phone number or address listed onyour statement under �How to Reach Us�. See
Your Billing Rights  for further information. If your card is used fraudulently, you agree toassist us in our investigation.
Annual Percentage Rate
SchoolsFirst FCU has a loan program, which features a range ofinterest rates for some of its consumer loans. A rate is based on avariety of factors, including the applicant�s credit rating.This Agreement establishes the
Annual Percentage Rate for Purchases, Balance Transfers and Cash Advances under this creditcard program. We have provided you with a separate writtendisclosure stating the Annual Percentage Rate that will apply topurchases, balance transfers, and cash advances on your account.That disclosure is made part of this Agreement by this reference.
Annual Percentage Rate - Variable Rate Credit Program
TheAnnual Percentage Rate  is subject to change monthly on thefirst day of the billing cycle. Note that an increase in the AnnualPercentage Rate may result in greater interest charges and a largermonthly 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 plus a margin.  The index is the highest �Prime Rate� as reported in the �Money Rates� tablesof the online version of The Wall Street Journal on the first businessday of the month preceding the start date of each current billinganyone unless we are required by law to do so. You agree that wehave the right to refuse future advances under your line of credit orreduce your credit limit upon re-examination and re-evaluation of yourcreditworthiness, should your creditworthiness change significantly.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 lendersto your SchoolsFirst FCU credit card and cannot be applied to anyamount you owe under any other credit agreement or account youhave with SchoolsFirst FCU.
Purchases/Balance Transfers/Cash Advances
You may access your line of credit by making a purchase at amerchant�s location that accepts the credit card, by requesting aBalance Transfer orally or electronically, or in writing, or by makinga cash advance. We will not be responsible or liable to you shouldanyone refuse to accept or honor your card, or should anyone retainyour card and not return it to you. You may request cash advancesunder this Agreement by writing a SchoolsFirst FCU conveniencecheck; by making a written, telephone or electronic request to us; orby requesting a cash advance at a financial institution or an ATM thataccepts the credit card. You agree to repay all advances for purchases,balance transfers, and cash advances made to you or at the requestof a joint borrower or authorized user under this Agreement, and youunderstand that all purchases, balance transfers, and cash advanceswill be subject to the terms of this Agreement. You agree not torequest advances, balance transfers, or make purchases or use youraccount in any way that would make the unpaid balance of youraccount exceed your credit limit. Cash advances cannot be used topay any amount you owe under this Agreement or under any othercredit agreement or account you have with us now or in the future.
Minimum Monthly Payments
You will receive a statement for each monthly billing period in whichyour account has an outstanding or credit balance. The minimummonthly payment on your account is calculated at 2% of thestatement balance or $25, whichever is greater. If your accountbalance is greater than your limit or your account is past due, youwill be billed for the greater of: the minimum monthly payment; orthe past due amount; or the overlimit amount. If the account is notpaid down to the limit or below, the account is subject to closure.The minimum monthly payment must be received at the paymentcenter on or before the payment due date reflected on the front ofyour monthly billing statement or the payment may be consideredpast due. Payments made in excess of the minimum payment willbe applied first to the balance with the highest interest rate, thensuccessively to each lower interest rate until the excess paymentamount is exhausted. If you have a credit balance on your accountdue to merchant credits, adjustments or overpayments, we willhold and apply this credit balance against future purchases andcash advances, or refund it at your written request. An increase ordecrease in the Annual Percentage Rate may result in an increase ordecrease in your monthly payment.
Promise to Pay
You agree to pay us, at the payment address stated on the frontof your monthly billing statement, all sums which have beenaccumulated on your account by you or others with your permission,together with any finance charges, late charges and any other servicecharges computed on your account as set forth in this Agreement.You agree to the following terms and conditions and any amendmentsthereto.Accepting This Agreement
Before you sign or use the SchoolsFirst Federal Credit UnionMastercard� credit card issued to you, please read this Agreementthoroughly, because by using the credit card you will be agreeing withus to the terms and conditions stated in this Agreement. If you donot wish to be bound by this Agreement, do not use the credit cardand contact us to let us know that you wish to cancel your credit cardaccount with us. If you have received a card or checks to access thecard account, destroy them.
Definitions
In this Agreement the words �you�, �your�, and �yours� mean eachand all of the person(s) who apply for and/or use the card, the words�credit card� mean the SchoolsFirst Federal Credit Union Mastercardcredit card, and the words, �we�, �our�, �us�, and �Credit Union� meanthe SchoolsFirst Federal Credit Union.
Liability of All Cardholders and Authorized Users
You understand that you are liable for the payment of all sumsdue under this Agreement. If there is more than one borrower orauthorized user on this account, each person, individually, andall persons jointly are obligated to repay all sums due under thisAgreement. You agree that all statements made in your applicationfor your credit card were for the purpose of obtaining credit and aretrue, correct, and complete to the best of your knowledge and belief.
Credit Limit
This Agreement establishes a credit card account for you with anopen end line of credit. We will establish a credit limit for you, andmay increase or decrease that credit limit from time to time. We haveprovided you with a separate written disclosure stating the creditlimit for purchases and cash advances on your account, and thatdisclosure is made a part of this Agreement by this reference. Yourmonthly statements will show the amount of credit available to youfor purchases and cash advances as of the statement date. We willgive you written notice of any change in your credit limit. If yourcredit limit is decreased for any reason, any subsequent request for acredit limit increase will be subject to credit application and approval.You agree not to use your account in any way which would make theunpaid balance of your account or cash advances on your accountexceed your credit limit. You also agree to pay us the amount of anytransactions on your account in excess of your credit limit along withyour regular minimum payment at your next scheduled payment duedate. Purchases and advances are subject to daily limits that mayrestrict the 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 cardto obtain a cash advance on your account at any Automated TellerMachine (ATM) displaying the Mastercard logo or to make purchasesat any designated point of sale (POS) machine. Please keep your PINconfidential and do not write it on or keep it with your credit card.
Credit Information
You agree that we may re-examine and re-evaluate yourcreditworthiness at any time. You authorize us to obtain, from timeto time, information from others, including, but not limited to creditreporting agencies, concerning you and your credit accounts. Youalso authorize us to respond to requests from others and to provideinformation regarding the status and history of your account with us.However, we are not obligated to release any such information to
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