P.O. Box 5090, Boca Raton, FL 33431-0890
800.873.5100   •   www.ibmsecu.org   •   serviceplus@ibmsecu.org

TRUTH-IN-LENDING DISCLOSURE
STATEMENT CREDIT CARD
ACCOUNT OPENING DISCLOSURES

BORROWER 1 NAME

BORROWER 2 NAME

MEMBER NUMBER

DATE

The  following  disclosure  represents  important  details  concerning  your  credit  card.  This  statement  is  incorporated  into  and
becomes  a  part  of  your  Credit  Card Agreement.  We reserve  the  right  to  periodically  review  your  credit  standing  and  to
increase any rate on your new balances, in accordance with applicable law.

INTEREST RATES and INTEREST CHARGES:

Annual Percentage Rate (APR)
for Purchases and Cash
Advances

This APR will vary with the market based on the Prime Rate*.

APR for Balance Transfers

% Introductory APR until the balance transfer is paid in full for balances

Paying Interest

transferred within 90 days of account opening. All other balance transfers, purchases
and cash advances will be at the Standard APR of

%

The Standard APR will vary with the market based on the Prime Rate*.

Your due date is at least 21 days after we mail your billing statement. We will not charge
you interest on purchases if you pay your entire new balance by the due date each
month. We will begin charging interest on cash advances and balance transfers on the
date the cash advance or balance transfer is posted to your account.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $0.50.

For Credit Card Tips from the
Consumer Financial Protection
Bureau

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:

Fees to Open or Maintain your
Account

- Annual Fee:
- Application Fee:

Transaction Fees

- Balance Transfer:
- Cash Advance:
- Foreign Transaction:

None
None

None
None
2% of each cross border transaction in U.S. dollars if the transaction involves a currency
conversion
2% of each cross border transaction in U.S. dollars if the transaction does not involve a
currency conversion

Penalty Fees

- Late Payment:

- Over-the-Credit Limit:
- Returned Payment:

If your payment is late 10 days or more, up to $25.00 for the first offense and up to
$35.00 each if 2 or more offenses occur within 6 months.
None. We do not approve authorizations that will exceed your credit limit.
None

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your
account agreement for more details.
Loss of Introductory Rate: We may end your Introductory Rate and apply the Standard APR disclosed above if you make a
late payment.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account
agreement.
ACTIVE SERVICE MEMBERS AND DEPENDENTS: See page 3 for Important Information.

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

SEE NEXT PAGE for more important information about this account

OTHER IMPORTANT DISCLOSURES:
Suspension of electronic services and access to share or deposit accounts. Subject  to applicable law, we may suspend
some or all electronic services and access to your checking or other account(s) if you become delinquent on any of your loan or
deposit  obligations  to  us  or  you  cause  a  loss  to  us.  We  shall  not  be  liable  to  you  in  any  regard  in  connection  with  such
suspension of services.

THE  GRANTING  OF  THIS  SECURITY  INTEREST  IS  A  CONDITION  FOR  THE  ISSUANCE  OF  CREDIT  UNDER  THIS
AGREEMENT.
YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITY INTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS
YOU  HAVE WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT OF  CREDIT  EXTENDED  UNDER  THIS
AGREEMENT.  YOU  ALSO  AGREE  THAT  WE  HAVE  SIMILAR  STATUTORY LIEN  RIGHTS  UNDER  STATE AND/OR
FEDERAL LAW. IF YOU ARE IN DEFAULT, WE CAN APPLY YOUR SHARES TO THE AMOUNT YOU OWE. ALL DEBTS
ARE IMMEDIATELY DUE AND PAYABLE UPON DEATH. LIEN RIGHTS OBTAINED PRIOR TO DEATH WILL CONTINUE
TO  ENCUMBER  YOUR  SHARES  AND  DEPOSITS  AFTER  DEATH,  SUPERSEDING  THE  RIGHTS  OF  ANY  JOINT
OWNERS OR BENEFICIARIES.
Shares and deposits in an Individual Retirement Account or any other account that would lose special tax treatment under
state or federal law if given are not subject to this security interest.
If you have other loans with us, collateral securing such loans will also secure your obligations under this Agreement, unless
that other collateral is your principal residence or non-purchase money household goods.

*Variable Rates:  The Annual Percentage Rate may increase or decrease if the highest rate of interest identified as the 'Prime
Rate' in the 'Money Rates' column of the Wall Street Journal increases or decreases. The Annual Percentage Rate will be equal
to  the  Prime  Rate  plus  a  margin  of:  __________  %  The  interest  rate  can  change  monthly  on  the  first  day  of  each  month
following a change in the Prime Rate. The Annual Percentage Rate will never be more than 18%. Any increase will lengthen the
time it takes to pay off your loan.

Daily Periodic Rates: Purchases and Cash Advances:

%

Balance Transfers: Introductory Rate:

%; Standard Rate:

%

Other Fees: In addition to the fees disclosed above, the following fees may be imposed:

Card Replacement Fee:
Convenience Check Copy Fee:
Convenience Check Stop Payment Fee:

$10.00
$5.00
Up to $25.00, if you stop payment of a convenience check for any
reason
None
$10.00

Declined Convenience Check Fee:
Expedited Payment Service Fee:
Expedited Payments that are processed by IBMSECU staff for the repayment of IBMSECU credit cards, consumer loans and
mortgages, are considered "Expedited Payments" that are subject to an "Expedited Payment Service Fee;" if they are credited
the same day (or the next business day if the payment is received after our cut-off times), even if the transaction is received and
processed  prior  to  your  IBMSECU  credit  card  payment  due  date.  Expedited  Payment  Service  Fees  apply  to  transactions
processed from Non-IBMSECU credit and debits cards; and to transactions processed through the Automated Clearing House
(ACH) network as ACH Origination transactions. Additional Non-IBMSECU fees may apply, contact your card issuer or financial
institution for more information.
Extension Fee:
Overnight Delivery Fee (Weekday/Saturday/Holiday):

Up to $25.00, or 10% of the deferred payment amount.
$20.00/$40.00
Continental U.S. Only, vendor fees apply to offshore and international.
$5.00
$6.00

Sales Draft Copy Fee:
Statement Copy Fee:

Minimum Payment Requirement:

2% of the outstanding balance at time of billing, subject to a minimum
of $10.00, or the statement balance if the amount is less than $10.00.

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:

The Military Lending Act applies to this credit card account if at the time you establish the account you are an active member of the military or a dependent
(as defined in the Military Lending Act, 10 U.S.C. 987 and implementing regulations). The following terms and conditions amend your credit card agreement
and apply during any period(s) in which you are active military or a dependent under those definitions. They do not apply when you are not an active duty
member of the military or a dependent:

1.

NOTICE: 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 or debt protection
fees;  fees  for  ancillary  products  sold  in  connection  with  the  credit  transaction;  any  application  fee  or  participation  fee  unless  they  are  bona  fide  and
reasonable under the MLA. To receive this notice verbally, please call 1-800-873-5100 during our normal business hours: Monday - Friday 8:30 am 6:00
pm.

2. Advances  will  not  be  secured  by  a  consensual  lien  on  shares  or  deposits  in  any  of  your  share  or  deposit  accounts  unless  you  specifically  agree  to
establish  a  secured  share  or  deposit  account  in  connection  with  this  credit  card  account  (“Secured Account”).  Only  funds  deposited  into  the  Secured
Account after the credit card is established will secure advances. Any cross-collateralization provision contained in your credit or membership documents
will not apply to the Secured Account or your other share or deposit accounts for this account.
However, with regard to this credit card account, we still reserve our rights regarding statutory liens and administrative freeze under federal or state law.
Any contract terms in your credit card, security, or membership agreements that contradict the above shall be inapplicable.

3. Your credit card account is not subject to mandatory arbitration and therefore any reference to mandatory arbitration in connection with this credit card

account does not apply.

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.