PSECU
LOANLINER.
PO Box 67013, Harrisburg, PA 17106
VISA
717.234.8484 (in Harrisburg) 800.237.7328 (nationwide)
VISA CLASSIC
www.psecu.com
CREDIT CARD ACCOUNT OPENING DISCLOSURE
This Addendum is incorporated into and becomes part of your LOANLINER® Consumer Credit Card Agreement.
Please keep this attached to your LOANLINER® Consumer Credit Card Agreement.
Interest Rates and Interest Charges
Annual Percentage Rate (APR) for
9.90%
Purchases
APR for Cash Advances
9.90%
Minimum Interest Charge
None
Paying Interest
Your due date is at least 25 days after the close of each billing cycle.
We do not charge you interest on purchases if you pay your entire
balance by the due date each month. We will begin charging interest on
cash advances on the transaction date.
For Credit Card Tips from the Federal
To learn more about factors to consider when applying for or using a
Reserve Board
credit card, visit the Web site of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard.
Fees
Set-up and Maintenance Fees
Annual Fee
None
Account Set-up Fee
None
Program Fee
None
Participation Fee
None
Additional Card Fee
None
Transaction Fees
Balance Transfer Fee
None
Cash Advance Fee
None
Transaction Fee for Purchases
None
Foreign Transaction Fee
1.00% of each transaction in U.S. dollars
Penalty Fees
Over-the-Credit Limit Fee
None
Returned Payment Fee
None
Late Payment
Ac $20.00
How We Will Calculate Your Balance. We use a method called "average daily balance (including new purchases)." See
your account Agreement for more details.
Billing Rights. Information on your rights to disput e transactions and how to exercise those rights is provided in yo ur
account Agreement.
OTHER DISCLOSUREG
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PIN Replacement Fee
None
Unreturned Card Fee
None
Collection Costs. Y[ A]:[ [ &ãaec^aA
*|^^{^} CEAU [ CA/à ac^aAc[[AAaecc
Periodic Rates.
The Purchase APR is 9.90% which is a monthly periodic rate of 0.8250%.
The Cash Advance APR is 9.90% which is a monthly periodic rate of 0.8250%.
PSECU
LOANLINER
PO Box 67013, Harrisburg, PA 17106
VISA
717.234.8484 (in Harrisburg) 800.237.7328 (nationwide)
VISA CLASSIC
www.psecu.com
CONSUMER CREDIT CARD AGREEMENT
In this Agre ement, "Agree ment" me ans this Co insumer Credit Card Ag reement. "Disclo sure" me ans the Credit Card
Account Opening Disclosure. The Account Opening Disclosure is incorporated into this Consumer Credit Card Agreement
and is part of the Ag reement. In thi S Agreement the words "you," "your," and "yours" mean each and all of those who
agree to be bound by this Agreement; "card" means the Visa credit card and any duplicates, renewals, or substitutions the
Credit Union issues to you; "account" means your Visa credit card line-of-credit account with the Credit Union; and "Credit
Union" means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union transfers
this Agreement.
1. USING YOUR ACCOUNT If you are approved for an account, the Credit Union will establish a line of credit for you.
You ag ree that your credit limit is th e maximum amount (purchases, cash advan ces, finan ce charges, plu S "oth er
charges") which you will have outstanding on your account at any time. Unless disclosed otherwise, the Credit Union will
not allow advances over the credit limit. If the Cre dit Union has a program whereby it all OWS payment of advances that
exceed you r credit limit, subj ect to a fee, the Cre dit Unio in W ill provid e you with n otice, either orally, in writin g, or
electronically (notwithstanding the requirements of the paragraph entitled "Statements and Notices") explaining your right
to opt in to the Credit Union's program whereby it will honor advance requests over the credit limit. In the event you opt in
to such a program, you agree to the terms of su ch a program. You may request an increase in your credit limit only by a
method acceptable to the Credit Union. The Credit Union may in crease or decrease your credit limit, refuse to ma ke an
advance and/or terminate your account at any tim e for any reason not prohibited by I aw. If you are permitted to obtai n
cash advances on your account, we may, from time to time, issue convenience checks to you that may be drawn on your
account. Convenience checks may not be used to ake a payment on your a ccount balance. If you use a conve nience
check, it will be posted to your account as a cash advance. We reserve the right to refu se to pay a convenience check
drawn on your account for any reason and such refusal shall not constitute wrongful dishonor.
You may uest that we stop the pay ment of a CO invenience check drawn on your account. You agre e to pay any fee
imposed to stop a payme nt on a convenience check issued on your a ccount. ou may m ake a stop payment re quest
orally, if pe rmitted, or in writing. Your request must be ma de with sufficient time in a dvance of th e presentment of the
check for ment to give us a rea sonable opportunity to act on your reque In addition, yo ur request must accurately
describe the check including the exa ct account number, the payee, any ch eck number that may be ap plicable, and the
exact amount of the check. If permitted, you may make a stop payment request orally but such a request will expire after
14 days unless you confirm your req uest in writing within that time. Written stop pay ment orders are effective only for six
(6) months and may be renewed for additional six month periods by requestin in writing that the stop ayment order be
renewed. We are not required to notify you when a stop payment order expires. If we re-credit your account after paying a
check or draft over a valid and timely st op payment order, you agree to sign a statement describing the dispute with the
payee, to a ssign to us all of your rights against the payee or other holders of the ch eck or draft and to assist us in any
legal action. You ag ree o ind emnify and hold us harmle SS fr om all costs and expe nses, in cluding attorn ey's ees,
damages, or claims, related to our honoring your stop payment request or in failing to stop payment of an item as a result
of incorrect information provided to us or the giving of inadequate time to act upon a stop payment request.
2.
USING YOUR CARD You unde rstand that the use of your credit ca rd will con stitute acknowledgement of receipt
and agreement to the terms of the Credit Card Agreement and Credit Card Account Opening Disclosure (Disclosure). You
may use yo ur card to m ake purchases fro m me rchants and others who accept your card. The credit union i S not
responsible for the refusal of any merchant or fina ncial in stitution to hono r your card. If you wi sh to p ay for good S or
services over the Internet, you may be required to provide card number security information before you will be permitted
to CO implete the tra insaction. In addition, you may obtain cash advan ces from the Cre dit Unio n, fro othe fin ancial
institutions that accept your card, and from some a utomated teller machines (ATMs). (Not all ATMs a ccept your card.)
If
the credit uni on authorizes ATM tr ansactions with your card, it will issue y ou a personal identification num ber (PIN). To
obtain cash advances from an ATM, you mu st use the PIN issue d to you for use with your ca rd. Illegal Use/Inte rnet
Gambling - Any financi service provided by PSECU may be used for any transaction permitted by law. You agree that
you will not use any service for any transaction that is illegal under applicable federal, state, or local law. You agree that
illegal use of any financial service will be deemed an action of default or breach of contract. Use of any finan cial service
in a manner not permitted by law may cause that service or related services to be terminated at PSECU's discretion. You
further agree, should ill legal use o ccur, to waive any right to sue PSECU for such ill legal use or any activity directly o r
indirectly related to it. Additionally, you agree to indemnify and hold PSECU har mless from any suits or other legal action
or liability, directly or i indirectly, resulting from such illegal use. PSECU reserves the right to decline any transaction tha
we consider fraudulent, suspicious, or illegal. PSEC will not knowingly a uthorize charges related to online gambling.
Even if you use your card for an illegal transaction, you W ill be responsibl e for all amoun its and charges incurred in
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connection with the tran saction. If you are permitted to o btain cash advances on your account, you m ay also u se your
card to purchase instruments and engage in tran sactions that we consider the equivalent of cash. Such transactions will
be posted to your account as cash advances and include, but are not limited to, wire transfers, money orders, bets, lottery
tickets, and casino gaming chips, as applicable. This paragraph shall not be interpreted as permitting or authorizing any
transaction that is illegal.
3. PROMISE TO PAY - You pr omise to pa a Il charges ( purchases, cash advan ces, balance tran sfers, u se of
convenience checks or any other charge) made to your account by you or anyone you authorize to use your account. You
also promise to pay all finance charges and other charges added to your a ccount under the terms of this Agree ment or
another agreement you made with the Credit Union. If this is a joint account, the a ragraph on JOINT ACCOUNTS also
applies to your account.
4.
PERIODIC RATES - The pe riodic rates a pplicable to p urchases, cash advances, a nd bala nce tra insfers are
disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a
payment by the paym ent due date is also di sclosed o th Disclosure. An y rate change will be ma de p ursuant to
applicable law. If the rate for your account is variable, as indicated on the accompanying Disclosure, the rate charged on
purchases, cash adva nces, balance transfers and any penalty ra te will vary perio dically as disclo sed in the Disclo sure
accompanying this Ag reement. The ini tial rate on your account for certain types of tran sactions may be an introdu ctory
discounted rate (Introductory Rate) that is lower than the rate that woul d ordinarily apply for that type of tr ansaction. If an
Introductory Rate applies to your a ccount, the rates and the period of time it will be effective is shown on the Disclosure
accompanying this Agreement. After the Intr oductory Rate period expires, the periodic rate will automatically increase to
the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.
5. FINANCE CHARGES - New purchases posted to your account during a billing cy cle will not incur a finance charge
for that billing cycl e. Finance charge begins to accrue on those purchases from the first day of the next billing cy cle,
unless you paid the enti re new balance on the previous cycle's billi ng statement by th e paym ent due date of that
statement. To avoid an a dditional finance charge on the balance of purcha you must pay the entire new balance on
the billing statement by the paym ent due date of that statem ent. A finance charge begins to accrue on cash advances
from the date you get the cash advance or from the first day of t he billing cycle in which the cash advance is posted to
your account, whichever is later.
The fin ance charge is calculated separately for p urchases and cash advances. F or purchases, the finance charge is
computed by applying the periodic rate to the average daily balance of purchases. To get the average daily balance of
purchases, we take the beginning outstanding balance of purchases each day and subtract any payments and/or credits
that we apply to the purchase balance. (We do not add in any purchases posted during the billing cycle.) This gives us the
daily balance of purchases. Then, we add all the daily balances of purchases for the billing cycle together and divide the
total by the number of days in the billing cycle. This gives us the average daily balance of purchases.
For cash advances, the fi nance charge is computed by applying the peri odic rate to the a verage daily balance of cash
advances. To get the averag e daily balan ce of cash a dvances, we take the begin ning outstanding balan ce of ca sh
advances each day, add in any new cash advances, and subtract any payments and/or credits that we apply to the cash
advance b alance. This gives us the daily balan ce of ca sh a dvances. Th en, we a dd all the daily bal ances of ca sh
advances for the billing cycle togeth er and divide th e total by t he number of days in the billing cycl e. This gives u S the
average daily balance of cash advances. Balance transfers are calculated in the same manner as cash advances.
6.
FOREIGN TRANSACTIONS - Purchases and cash advance made in foreign currencies will be de bited from your
account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing
international transactions is a rate selected by Visa from a range of rates available in wholesale currency markets for the
applicable central processing date, which rate m ay vary fro m the rate Visa itse ceives or the government-mandated
rate in effect for the applicable central processing date. The exchange rate used on the processing date may differ from
the rate that would have been used on the purchase date or cardholder statement posting date.
A fee (fina nce charge), calculated in U.S. dollars, will I be im posed on all foreign transactions, including purchases, cash
advances and credits to your account. A foreign transaction is any transaction that you complete or a merchant completes
on your card outside of the Un ited States, with the exception of U.S. military bases, U.S. te rritories, U.S. embassies or
U.S. consulates. The Foreign Transaction Fee is set forth on the Disclosure accompanying this Agreement.
7. FEES - In addition to the periodic rate, the following additional fees may be imposed on your account. If applicable to
your a ccount, the fee am ounts and explanations are disclosed on the Di sclosure a ccompanying this Ag reement. Your
account may also be subject to additional fees as set forth on the Disclosure accompanying this Agreement.
a. Annual Fee. If your account is subject to an Annual Fee, the fee will be charged to your account upon the issuance of
your card. Each year following, the annual fee will be charged to your account during the same month that you were first
charged the fee. The fee will be charged each year until your account is closed and paid in full.
b. Account Set-Up Fee. If your account is subject to an Account Set-up Fee, a fee will be charged when you apply for a
credit card account.
CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
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C. Program Fee. If your accou nt is subj ect to a Prog ram Fee, a fee will be ch larged when you open an account as
described on the Disclosure accompanying this Agreement.
d. Participation Fee. If your account is subject to a Participation Fee, a fee will be charged when you open an account
as described on the Disclosure accompanying this Agreement.
e. Account Maintenance Fee on Closed Accounts. If your acco unt is su bject to an Accou nt Maintenance Fee on
Closed Accounts, the fee may be charged to your account on the statement date for each month you have an outstanding
balance on a sed account. You ma y be ch larged the fee e ach subsequent month u ntil the bala nce is p aid off as
disclosed on the Disclosure accompanying this Agreement.
f. Additional Card Fee. If your a ccount is subje ct to an Additional Card Fee, a fee will be charged for each additional
card issued to you at account opening.
g. Balance Transfer Fee. If your account is subject to a Balance Transfer Fee, the fee will be charged to your account
when you transfer a balance from an account of another creditor to the account subject to this Agreement.
h. Cash Advance Fee (Finance Charge). If your a ccount is subject to a Cash Advance Fee (finance charge), the fee
will be ch larged to your account wh en you obtain a cash adv ance from a n ATM, the Credit Union o r other financi al
institution.
i.
Foreign Transaction Fee (Finance Charge). If your accou nt is su bject to a Foreign Tran saction Fee (finan ce
charge), a fee may be charged to your account for transactions made outside of the United States or in a foreign currency.
j. Transaction Fee for Purchases. If your account is subject to a Transaction Fee for Purchases, a fee will be charged
to your account for purchases as disclosed on the Disclosure accompanying this Agreement.
k. Late Payment Fee. If yo account is subject to a Late Payment F ee, the fee will be charged to your account when
you do not make the required minimum payment by or within the number of days of the statement Payment Due Date set
forth on the Disclosure accompanying this Agreement.
I.
Over-the-Credit Limit Fee. If you have elected the feature to allow your account to go over your credit limit, we may
charge you a fee as allowed by law. However, in no case will we impose an over-the-limit fee except in the next two billing
cycles unless you have o btained an additional extension of credit in exces of such credit limit during each subsequent
cycle or you have reduced the balance below the credit limit as of the end of each bill cycle.
m. Returned Payment Fee. If your account is subject to a Returned Payment Fee, the fee will be charged to your
account when a payment is returned to you for any reason.
n. PIN Replacement Fee. If your acco unt is subj to a PIN Repla cement Fee, a fee will be cha rged to your a ccount
whenever you request a new PIN number for your account.
O. Unreturned Card Fee. If your account is subject to an Unreturned Card Fee, the fee will be charged to your account
when any ca rd(s) are n ot surren dered at our req uest for over-limit delinque ncy or a ny other re ason set forth on t he
Disclosure accompanying this Agreement.
8.
PAYMENTS Each mo nth you must pay at least the minimu payment sh own on your statement b y the date
specified on the statement. You may p ay more freq uently, pay more than th e minimum p ayment or pa y the total n ew
balance in full. If you make extra o r larger payments, you are still required to make at least the minimum payment e ach
month you account has a bala (o ther than a credit alance). The minimum payme nt is 0% of your total new
balance, or $20.00, whichever is greater, plus the amount of any prior minimum payments that you have not made, and
any amount you are over your credit limit. In addition to the minimum payment, you must also pay, by the date specified
above, the a mount of a ny prior minimum payment(s) that you h ave not made, all outstanding unpaid fees and charges,
and any amount you are over your credit limit. The Credit Un ion also has the right to demand immediate payment of any
amount by which you are over your credit limit.
9.
PAYMENT ALLOCATION - Subject to appli cable law, your p ayments may be applied to what you o we the Credit
Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of
the required minimum periodic payment, the Credit Union will al locate the excess amount first to th e balance with the
highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable
annual percentage rate. We may accept checks marked "payment in full" or with words of similar effect without losing any
of our rights to collect the full balance of your account with us.
10. SECURITY INTEREST You gra nt the Credit Uni on a se curity interest under the Unifo rm Commercial Code and
under any CO mmon law rights the Credit Union m ay have in any goods you purchase. If you give the Cre dit Union
a
specific pledge of shares by signing a separate pledge of shares, your pledged shares will secure your account. You may
not withdraw amounts that have been specifically pledged to secure your account until the Credit Union agrees to release
all or part of the pledged amount.
Your Account is secured by all other shares you have in any individual or joint account with the Credit Union,
except for shares in an Individual Retirement Account or in any other account that would lose special tax
treatment under state or federal law if given as security. These other shares may be withdrawn unless you are
in default under this agreement. You authorize the Credit Union to apply the balance in your individual or joint
CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
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share accounts to pay any amounts due on your Account if you should default.
Collateral securing other loans you have with the Credit Union may also secure this loan, except that a dwelling will never
be considered as security for this account, notwithstanding anything to the contrary in any other agreement.
11. DEFAULT - You will be in default if you fail to make any mini mum payment or other requ ired payment by the date
that it is due. You will be in default if you break any promise you make under this Agreement. You will be in default if you
die, file for inkruptcy or become insolvent, that is, unable to pay your obligations when they become due. You will be in
default if you make any false or misleading statements in any credit application or credit update. You will also be in default
if something happens that the Credit Union believes may substantially reduce your ability to repay what you owe.
When you are in default, the Credit Union ha S the right to dem and imme diate payment o f your full accou nt balan ce
without givin g you notice. If immediat e payment is deman ded, you agree to C ontinue paying finan ce charg es at th e
periodic rate charged before default, until what you owe ha S been paid, and an y shares that were given as security for
your account may be applied towards what you owe.
12. LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION You ag ree to notify us
immediately, orally or in writing, at PO Box 67013, Harrisburg PA 17106 or telephone (717) 234-8484 Monday rough
Friday 8:00 a.m. to 5:00 p.m., (800) 237-7328 seven (7) days a week, 24 hours a day or (800) 556-5678 seven (7) days a
week, 24 hours a day, of he loss, theft, or unauthori zed use of your credit card. You may be liable for the unauthorized
use of your credit card. You will not be li able for unauthorized use that occurs after you notify us of the loss, theft, or
possible unauthorized use. You will ha ve no liability for unauth orized purchases made with your credit card, unle SS you
are grossly negligent in the handling of your card. In any case, your liability will not exceed $50.00.
13. CHANGING OR TERMINATING YOUR ACCOUNT - As permitted by law, the Credit Union may change the terms
of this Agreement and any attached Disclosure from time to time. Notice of any change will be given in accordance with
applicable law. If permitted by law an d spe cified in the notic e to you, the chang e will a pply to your existing a ccount
balance as well as to future transactions.
Either you or the Credit Union may te rminate this Agreement at any time, but te rmination by you or the Credit Union will
not affect your obligation to pay the acco unt balance plus any finance and other charges you owe under this Agreement.
Your obligation to pay the account balance plus any finance and other charges you owe under this agreement are subject
to all appli cable laws a nd regulations regarding repayment re quirements. You are al so responsible for all tran sactions
made to your account after termination, unless the transactions were unauthorized.
The card or cards you receive remain the property of the Credit Union and you must recover and surrender to the Credit
Union all cards upon request or upon termination of this greement whether by you or the Credit Union. If this is a j oint
account, the paragraph on JOINT ACCOUNTS of this Agreement also applies to termination of the account.
14. CHANGING OR TERMINATING AUTHORIZED USERS - Upon your request, we m ay issue a dditional cards
for
authorized u sers that you de signate. You mu otify us in wr iting of any te rmination of an a uthorized u ser's right to
access your account. Your letter mu st inclu de the in ame of the a uthorized user and yo ur account num ber an d/or any
subaccount number issued to the author rized user along with the authorized user's card and any CO invenience or other
access checks issued to the authorized user. If you cannot return the authorized user's card or access checks and if you
request your account to be closed, we will close your account and you may apply for a new account.
15.
CREDIT REVIEW AND RELEASE OF INFORMATION - You authorize the Credit Union to inve stigate your credit
standing when opening or reviewing your account. You authorize the Credit Union to disclose information regarding your
account to credit bu reaus and creditors who inquire about your credit standing. If your acco unt is eli gible for em ergency
cash and/or emergen cy card repl acement services, and yo u re quest such service S, you agree that we may p rovide
personal information about you and your account that is necessary to provide you with the requested service(s).
16.
RETURNS AND ADJUSTMENTS - Merchants a nd othe rs who ho nor yo ur card may give credit f or returns or
adjustments, and they will do so by sen ding the Cre dit Union a credit slip which will be p osted to your account. If your
credits and payments exceed what you owe the Credit Union, the amount will be ap plied against future purchases and
cash advances. If the credit bala nce amou nt is $1.00 or ore, it will be refun ded u pon yo un written req uest or
automatically after six (6) months.
17. ADDITIONAL BENEFITS/CARD ENHANCEMENTS - The Credit Uni on m ay from time to time offe r ad ditional
services to your a ccount, such as travel accident insurance, at no additional cost to you. You understand that the Cre dit
Union is not obligated to offer such services and may withdraw or change them at any time.
18. MERCHANT DISPUTES - The Credit Union is not responsible for the refusal of any merchant or financial institution
to honor your card. The Credit Union S subject to cl aims and defenses (other than tort cl aims) arising out of good or
services you purcha se with the card if you have ma de a good faith attempt but have been unable to obtain sati sfaction
from the merchant or service provider, and (a) your purchase was made in response to an advertisement the Credit Union
sent or participated in sending to you; or (b) your purchase cost more than $50.00 and was made in your state or within
100 miles of your home.
19. JOINT ACCOUNTS - If this is a joint accou nt, each of you will be individuall y and jointly resp onsible for paying all
amounts owed under this Agreement. This means that the Cre dit Union can require any one of you i Individually to repay
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
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the entire amount owed under this Agreement. Each of you authorizes the other(s) to make purchases or cash advances
individually. Any one of you may terminate the account and the termination will be effective as to all of you.
20. EFFECT OF AGREEMENT - This Agreement is the contract which applies to all transactions on your account even
though the sales, cash advances, credit or other slips you sign or receive may contain different terms.
21. NO WAIVER - The Credit Union can delay enforcing any of its rights any number of times without losing them.
22. STATEMENTS AND NOTICES - Statements and notices will be mailed to you at the appropriate address you have
given the Credit Union. Notice sent to any one of you will be considered notice to all.
23.
SEVERABILITY AND FINAL EXPRESSION - This Agree ment and the Disclo sure are he final expression of the
terms and conditions of your account. This written Agreement and Disclosure may not be contradicted by evidence of any
alleged oral agreement. Should any part of this A greement or the Disclosure be found to be invalid or unenforceable, all
other parts of this Ag reement and Disclosure shall remain in effect and fully enforcea ble to the full est extent p ossible
under this Agreement.
24. COPY RECEIVED - You acknowledge that you have received a copy of this Agreement and Disclosure.
25. INTERNET GAMBLING TRANSACTIONS PROHIBITED Y ou may not use you r card to initiate any
type
of
electronic gambling transaction through the Internet.
26. PENALTY RATE DISCLOSURES - If appli cable to your account, all rates for your account, including the rates fo
purchases, cash a dvances, and bal ance transfe rs, will incr ease to the Penalty Rate sho wn on the Disclo sure
accompanying this Agre ement when you meet one or more of the CO nditions as set forth in the Discl osure. Any rate
increases applied to you r acco unt are su bject to applicable noti ce requirements. Plea se refer to the Disclosure fo
additional information regarding the Penalty Rate.
27. NOTICE TO UTAH BORROWERS - This written agreement is a final expression of the agreement between you and
the Credit Union. This written agreement may not be contradicted by evidence of any oral agreement.
28. THE FOLLOWING IS REQUIRED BY VERMONT LAW - NOTICE TO CO-SIGNER - YOUR SIGNATURE ON
THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER
DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU.
29. NOTICE TO ALABAMA BORROWERS - CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THIS
AGREEMENT BEFORE YOU SIGN IT.
Your Billing Rights: Keep this Document for Future Use
This notice tells you about your rights and our responsibilities under 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:
Pennsylvania State Employees Credit Union
PO Box 67013
Harrisburg, PA 17106
You may also contact us on the Web: www.psecu.com
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 e rrors in writing [or electronically]. 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 tell you that we received your letter. We will also tell you if we
have already 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.
CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
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>
The charge in question may remain on your statement, and we may continue to charge you interest on that
amount.
>
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.
After we finish our investigation, one of two things will happen:
>
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.
>
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 can not report you a S delinquent without also reporting that you are questioning your bill.
We must tell you the name of anyone to whom we re ported 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 di ssatisfied with the goo ds or services th at you have purchased with your credit card, and you have tri ed 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 mailing address, and
the purchase price must have been more than $50. (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 a bove are met and you are still dissatisfied with the purchase, contact us in writing [or electronically]
at:
Pennsylvania State Employees Credit Union
PO Box 67013
Harrisburg, PA 17106
www.psecu.com
While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation,
we
will tell you our decisi on. At that p oint, if we think you owe an amount and you do not pay, we may report you as
delinquent.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
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