First Technology Federal Credit Union
Platinum VISA® Card Agreement and  
Federal Truth-in-Lending Disclosure 
Statement

Effective: September 1, 2011

In this Platinum Visa® Card Agreement and Federal Truth-in-Lending 
Disclosure Statement “Agreement and Disclosure Statement” the 
words “I,” “me,” “my” and “mine” mean each and all of those who 
apply for or use the First Technology Federal Credit Union Platinum 
Visa Card. “Credit Union,” “you,” “your” and “yours” mean First 
Technology Federal Credit Union. “Card” means the Platinum Visa 
Card issued to me and any duplicates and/or renewals you may issue. 
“Account” means my Platinum Visa Card Account with you.

By requesting and receiving, signing, using or permitting others to use 
the Card and/or Account issued to me by you, I agree to be bound by 
the terms and conditions as set forth herein and any amendments 
thereto.

NOTICE: THIS DOCUMENT CONTAINS PROVISIONS FOR A VARIABLE 
ANNUAL PERCENTAGE RATE.

AUTHORIZATION AND PAYMENT: I authorize you to pay and charge my 
Account for all Purchases and Cash Advances made or obtained by me 
or anyone I authorize to use my Card or Account. I will be obligated 
to pay all such Purchases and Cash Advances charged to my Account 
whether resulting from: (1) actual use of my Card or Convenience 
Checks; (2) mail order or telephone, computer or other electronic 
Purchases made without presenting the Card; or (3) any other  
circumstance where I authorize a charge, or authorize someone 
else to make a charge, to my Account (collectively, “authorized 
charges”). I promise to pay you or to your order in U.S. Dollars with 
an instrument(s) drawn on a financial institution in the United States 
at your office or at the address set forth on my periodic statement, 
all authorized charges on the terms and at the rates set forth herein, 
plus any interest charges and finance charges assessed on my Account 
and any other charges and fees which I may owe you under the terms 
of this Agreement and Disclosure Statement. Payments will continue 
until I have paid in full the unpaid balance, accrued interest charges, 
and all collection-related charges, and any other fees and charges.

INTEREST CHARGES: Interest charges reflect the cost of credit. The  
interest charge for my billing cycle will include three (3) components: 
(1) interest charges for purchases; (2) interest charges for cash  
advances; and (3) interest charges for balance transfers. 

1.  Interest rate for Purchases: The first (1st) component of the total 
interest charge is the interest charge on Purchases. The interest 
charge on Purchases includes the interest charge on foreign  
transaction fees. The interest rate used to determine the interest 
charge for Purchases will be determined as follows: 

TIER 1: For Tier 1 accounts, the interest rate for Purchases is  
determined by adding 4.00% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 1 accounts, the ANNUAL PERCENTAGE 
RATE for Purchases will never be greater than 18.00%, the maximum 
rate allowed by law.

TIER 2: For Tier 2 accounts, the interest rate for Purchases is  
determined by adding 7.25% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 2 accounts, the ANNUAL PERCENTAGE 
RATE for Purchases will never be greater than 18.00%, the maximum 
rate allowed by law.

TIER 3: For Tier 3 accounts, the interest rate for Purchases is  
determined by adding 10.50% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 3 accounts, the ANNUAL PERCENTAGE 
RATE for Purchases will never be greater than 18.00%, the maximum 
rate allowed by law.

TIER 4: For Tier 4 accounts, the interest rate for Purchases is  
determined by adding 12.75% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 4 accounts, the ANNUAL PERCENTAGE 
RATE for Purchases will never be greater than 18.00%, the maximum 
rate allowed by law.

2.  Interest rate for Cash Advances: The second (2nd) component of 
the total interest charge is the interest charge on Cash Advances. 
The interest rate used to determine the interest charge for Cash 
Advances will be determined as follows: 

TIER 1: For Tier 1 accounts, the interest rate for Cash Advances is 
determined by adding 5.00% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 1 accounts, the ANNUAL PERCENTAGE 
RATE for Cash Advances will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 2: For Tier 2 accounts, the interest rate for Cash Advances is 
determined by adding 8.25% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 2 accounts, the ANNUAL PERCENTAGE 
RATE for Cash Advances will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 3: For Tier 3 accounts, the interest rate for Cash Advances is 
determined by adding 11.50% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 3 accounts, the ANNUAL PERCENTAGE 
RATE for Cash Advances will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 4: For Tier 4 accounts, the interest rate for Cash Advances is 
determined by adding 13.75% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 4 accounts, the ANNUAL PERCENTAGE 
RATE for Cash Advances will never be greater than 18.00%, the 
maximum rate allowed by law.

3.  Interest rate for Balance Transfers: The third (3rd) component of 

the total interest charge is the interest charge on Balance Transfers. 
The interest rate used to determine the interest charge for Balance 
Transfers will be determined as follows: 

TIER 1: For Tier 1 accounts, the interest rate for Balance Transfers is 
determined by adding 4.00% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 1 accounts, the ANNUAL PERCENTAGE 
RATE for Balance Transfers will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 2: For Tier 2 accounts, the interest rate for Balance Transfers is 
determined by adding 7.25% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 2 accounts, the ANNUAL PERCENTAGE 
RATE for Balance Transfers will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 3: For Tier 3 accounts, the interest rate for Balance Transfers is 
determined by adding 10.50% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 3 accounts, the ANNUAL PERCENTAGE 
RATE for Balance Transfers will never be greater than 18.00%, the 
maximum rate allowed by law.

TIER 4: For Tier 4 accounts, the interest rate for Balance Transfers is 
determined by adding 12.75% to the Prime Rate in effect as of each 
Adjustment Date. For Tier 4 accounts, the ANNUAL PERCENTAGE 
RATE for Balance Transfers will never be greater than 18.00%, the 
maximum rate allowed by law.

INTRODUCTORY AND PROMOTIONAL RATES: We may, at our option, 
offer you for a limited time, introductory or promotional rates for all 
or part of the new Purchase, Advance or Balance Transfers posted to 
your Account. We will tell you in the Offer Materials the introductory 
or promotional rate and the period of the time during which that rate 
will be in effect and any conditions or requirements of the offer. Unless 
the Offer Materials state otherwise, an introductory or promotional 
rate will remain in effect until the last day of the billing cycle in which 
the introductory or promotional rate expires. Any introductory or 
promotional rate that applies to new or outstanding Account balances 
will increase to the standard rate that would otherwise apply. 

DETERMINATION OF ANNUAL PERCENTAGE RATE: My ANNUAL 
PERCENTAGE RATE is determined individually and will be based on 
my credit history at the time of application. My Monthly Periodic Rate 
and corresponding ANNUAL PERCENTAGE RATE will be set forth in the 
Account Opening Disclosure, which is fully incorporated and becomes 
part of this Agreement and Disclosure Statement.

HOW YOU DETERMINE MY ANNUAL PERCENTAGE RATE: The ANNUAL 
PERCENTAGE RATE may increase or decrease during the term of this 
Agreement and Disclosure Statement. Any such change will be based 
on an increase or decrease of the “Prime Rate” as published in the 
Western Edition of the Wall Street Journal on the 15th of each month 
(or the first business day thereafter in the event the 15th falls on 
a non-business day) (herein “Index”). In no event will the ANNUAL 
PERCENTAGE RATE exceed the rate permitted to be charged by 
federally-chartered Credit Unions. In the event the Index ceases to be 
published, changes in the ANNUAL PERCENTAGE RATE will be related 
to a comparable Index.

The ANNUAL PERCENTAGE RATE applicable to your account for 
Purchases, Balance Transfers and Cash Advances is set forth in the 
Account Opening Disclosure which is incorporated by this reference as 
if set forth in full. The Penalty ANNUAL PERCENTAGE RATE is also set 
forth in the Account Opening Disclosure which is incorporated by this 
reference as if set forth in full.

My ANNUAL PERCENTAGE RATE is subject to change every month 
on the day following my “Statement Closing Date”. These dates shall 
be known as “Adjustment Dates”. The Index in effect as of the 15th 
of the month shall be used to calculate the ANNUAL PERCENTAGE 
RATE change effective as of the first day of the next billing cycle in 
the following calendar month. For example, the Index in effect on 
January 15th will be used to calculate the ANNUAL PERCENTAGE 
RATE change effective as of the first day of the next billing cycle in 
February of the same year. Decreases in the ANNUAL PERCENTAGE 
RATE in accordance with the terms of this Agreement and Disclosure 
Statement are mandatory and increases in the ANNUAL PERCENTAGE 

RATE are at your discretion. If the ANNUAL PERCENTAGE RATE and 
Monthly Periodic Rate increases or decreases, the interest charge will 
increase or decrease. Each change in the ANNUAL PERCENTAGE RATE 
and Monthly Periodic Rate will apply to any balance outstanding on 
the effective date of such change as well as to future purchases and 
cash advances. Any increase or decrease in the ANNUAL PERCENTAGE 
RATE may result in changes in the number of payments required to 
repay the unpaid balance and/or an increase in the minimum payment 
due.

MONTHLY PERIODIC RATE, ANNUAL PERCENTAGE RATE AND PENALTY 
ANNUAL PERCENTAGE RATE: The initial periodic rate used in calculating 
the interest charge is set forth in the Account Opening Disclosure, 
which is incorporated by this reference as if set forth in full. The 
interest charge for each billing cycle will be calculated by applying the 
periodic rate to the Average Daily Balance (described below) for my 
account.  The Monthly Periodic Rate is determined by dividing the 
ANNUAL PERCENTAGE RATE by 12 and will change when the ANNUAL 
PERCENTAGE RATE changes. Any changes to the ANNUAL PERCENTAGE 
RATE will be reflected on my periodic statement.

CHANGE OF TERMS: Account and agreement terms are not guaranteed 
for any period of time. I understand and agree that you may amend, 
modify, add to, or delete from this Agreement and Disclosure Statement  
any of its terms and conditions, including financial terms such as 
the method of application and the amount of any interest charge, 
Transaction Fee, or other finance charge, ANNUAL PERCENTAGE RATE, 
monthly periodic rate, and/or fee in accordance with applicable laws. 
If required by applicable law, you will mail a notice of the change to 
me at my last known address. I also understand that in the event of a 
significant change, as defined under the Federal Truth in Lending Act/
Regulation Z, any such notice will be mailed at least forty-five (45) 
days prior to the effective date of the significant change as required 
by applicable law. If you are required by applicable law to provide me 
a right to reject significant changes to this Agreement and Disclosure 
Statement prior to the effective date of such changes, you will provide 
me with an explanation of how to reject the significant changes, 
unless I fail to make a required minimum payment within sixty (60) 
days after its due date. You may change the terms of this Agreement 
and Disclosure Statement based on information in my credit report, 
market conditions, business strategy or for any other reason. Notice of 
a change in terms will be provided as required by law.

HOW TO COMPUTE THE PURCHASE BALANCE, CONSISTING OF 
TRANSACTIONS RELATED TO PURCHASES OF PROPERTY AND  
SERVICES, UPON WHICH INTEREST CHARGES ARE ASSESSED:

To avoid incurring additional interest charges on the balance of 
Purchases reflected on each periodic statement and on any new 
Purchases appearing on my next statement, I must pay the New  
Balance shown on each periodic statement on or before the  
Payment Due Date. The interest charges for a billing cycle are  
computed by applying the Monthly Periodic Rate to the average 
daily balance of Purchases, which is determined by dividing the sum 
of the daily balances during the billing cycle by the number of days 
in the cycle. Each balance is determined by adding to the Previous 
Balance of Purchases, any new Purchases and foreign transaction fees 
posted to my Account and subtracting any payments as received 
and credits as posted to my Account, but excluding any unpaid 
interest charges.

HOW TO COMPUTE THE ADVANCES BALANCE (CONSISTING 
OF TRANSACTIONS RELATED TO CASH AND OTHER ADVANCE 
TRANSACTIONS) UPON WHICH PERIODIC INTEREST CHARGES ARE 
ASSESSED:

The interest charges on Cash Advances begins to accrue on the date 
I obtain the Cash Advance or the first day of the billing cycle in which 
it is posted to my Account, whichever is later. The interest charges for 
a billing cycle are computed by applying the Monthly Periodic Rate to 
the average daily balance during the billing cycle, which is determined 
by dividing the sum of the daily balances during the billing cycle by 
the number of days in the cycle. Each daily balance is determined 
by adding to the Previous Balance (the outstanding balance of my 
Account at the beginning of the billing cycle) any new Cash Advances 
received, and subtracting any payments as received or credits as 
posted to my Account, but excluding any unpaid interest charges. 

This determines my total interest charges for the billing cycle. Actual 
interest charges will be shown on my periodic statement.

My due date is at least 21 days after the close of each billing cycle. I 
will not incur additional interest charges if I pay the New Balance by 
the due date provided that either: (1) you received payment in full of 
the ending balance for the previous billing cycle by the Payment Due 
Date disclosed in the previous billing cycle’s periodic statement; or 
(2) the previous billing cycle’s ending balance was $0. If I have a grace 
period to pay the New Balance for any billing cycle, and do not pay 
the New Balance in full during this grace period, interest charges will 
be assessed on any portion of the New Balance not paid during the 
grace period using the Average Daily Balance method as explained 
above. The Payment Due Date disclosed on each periodic statement 
provided to me is the last day of my grace period for that statement’s 
billing cycle.

MINIMUM PAYMENT: Every month, I must pay at least the Minimum 
Payment Due by the Payment Due Date shown on my periodic 
statement. By separate agreement, I may authorize you to  
automatically transfer the Minimum Payment Due from my Credit 
Union share or share draft account. I may of course, pay more  
frequently, pay more or pay the New Balance in full, and I will reduce 
my interest charges by doing so. The Minimum Payment Due will be 
either: (a) 2% of my New Balance, or $25.00, whichever is greater; or 
(b) my New Balance, if less than $25.00. 

In addition, I must pay any amount on my periodic statement listed 
as past due and any late charge. 

I understand and agree that any payment made by me will be 
applied in the following order: (a) unpaid fees and charges, if 
any; (b) unpaid interest charges due on both purchases and cash 
advances; (c) outstanding principal balances of cash advances and 
purchases previously billed; and (d) current cash advances and 
purchases. If two or more transactions are posted on the same day, 
my payment will be applied first to the smaller of them. Payments 
made in excess of the minimum payment will generally be applied 
to balances with higher APRs first before balances with lower ones. 

SKIP PAYMENT OPTION: At your discretion, you may occasionally offer 
me an opportunity to skip my obligation to make the Minimum  
Payment due. I may not skip payments unless you make this offer to 
me. I cannot accept a skip payment offer if my Account is delinquent, 
or is in Default. When I take advantage of a skip payment offer, the 

interest will continue to accrue on the entire unpaid balance of my 
Account. 

ANNUAL FEE: Each year, my Account may be subject to an Annual fee 
which will compensate you for maintaining and servicing my account 
for the following year. This fee will be charged to my Account.

LATE PAYMENT FEE: You may charge a Late Payment Fee to my 
Account in any month in which the Minimum Payment Due is not 
received by you by the payment due date.

RETURNED PAYMENT FEE: If a payment that was applied to my 
Account is returned to you unpaid for any reason, I will be charged a 
Returned Payment Fee. This fee will also apply to any payments made 
by automatic transfer that cannot be posted due to insufficient funds 
in my regular share or checking account. 

DEBT PROTECTION COVERAGE: If credit insurance is offered on the 
Account and I request it, the premium will be calculated monthly 
by multiplying the premium rate by the outstanding balance on the 
Account. You will add the premium amount to the Account balance on 
the Billing Cycle Closing Date. The purchase of this insurance is entirely 
voluntary and is not required for credit approval. I acknowledge 
receiving a copy of the credit insurance documents which contains 
current rates and other information. I understand and agree that if I 
have requested this insurance coverage, I will be obligated to pay the 
premium(s) indicated on the election form which have been included 
as part of my payment. If I decide to cancel such insurance, I must do 
so in writing and I agree to pay all premiums up to the date you act on 
my request to cancel.

PURCHASES AND ADVANCES: At your discretion, you may change my 
Credit Line at any time. Additionally, the maximum combined daily 
limit for purchases and advances is $10,000.00 or the remainder of 
the Credit Line, whichever is lower. I can access the full Credit Line 
through the use of Convenience Checks. I understand and agree that 
all purchases, cash advances and other transactions requested by me 
or anyone I have permitted to use the Card(s) and/or Account are 
considered authorized by me and are subject to your approval.

USING THE CARD: To make a purchase or obtain an advance, there are 
two alternative procedures to be followed. One is for me to present 
the Card or Card number to a participating Visa plan merchant, to you 
or to another financial institution, and sign or otherwise authenticate 
or authorize a charge to my Account.  The other is to complete the 
transaction by using my Personal Identification Number (PIN) in 
conjunction with the Card in an Automated Teller Machine or other 
type of electronic terminal that provides access to the Visa system.

My Card and/or Account may not be used directly or indirectly for: 
(1) any illegal activity or transaction; or (2) any gambling, gaming, 
betting or similar activity or transaction. Further, I may not utilize 
my Card and/or Account for the purchase of any goods or services 
on the Internet that involve gambling, gaming, betting or any 
similar transaction or activity. Such transactions include, but may 
not be limited to, any quasi-cash or online gambling transaction, any 
electronic commerce transaction conducted over an open network, 
and any betting transaction including the purchase of lottery tickets or 
casino gaming chips/checks or off-track betting or wagering. However, 
in the event that a charge described in this paragraph is approved and 
processed, I will still be responsible for such charge.

ELECTRONIC FUND TRANSFER: In the event a use of the Card or the 
Account number of the Card constitutes an Electronic Fund Transfer, 
the terms and conditions of my Electronic Fund Transfer Agreement 
and Disclosure with you shall govern such transactions to the extent 
the Electronic Fund Transfer Agreement and Disclosure expands or 
amends this Agreement and Disclosure Statement.

PREPAYMENT OR IRREGULAR PAYMENTS: Though I need only pay the 
Minimum Payment Due, I understand that I have the right to repay my 
entire Account balance at any time without penalty. I also understand 
and agree that I will only be charged interest charges to the date I 
repay my entire Account balance. I may make larger payments without 
penalty and this may reduce the total amount of interest charges that I 
will repay. If I pay more than the Minimum Payment Due in any month 
and there is still a balance due, I must continue to make Minimum 
Payments in future months. Any partial payment of my loan will not 
advance my next payment due date(s). I understand and agree that 
any payment that (a) delays or (b) accelerates the repayment of my 
unpaid balance will (a) increase or (b) decrease my Monthly Periodic 
interest charges.

PAYMENTS BY AUTOMATIC TRANSFER: If I request payment by 
automatic transfer, I understand and agree that no payment can 
or will be made if there are insufficient or uncollected funds in the 
designated deposit account to make the scheduled loan payment. 
Should this event occur, I understand and agree that I will not be 
released from making the payment. Any automatic transfer I have 
requested will remain in effect until I cancel it in writing or the 
Account balance is paid in full. You may cancel this service at your 
discretion; however, I understand that I am still responsible for 
ensuring that timely payment is made to you.

DEFAULT: I will be in default if: 1) I do not pay on time or in the proper 
amount(s); 2) I fail to live up to any of the terms of this Agreement 
and Disclosure Statement; 3) my creditworthiness is impaired; 
or 4) I die, become insolvent or am the subject of bankruptcy or 
receivership proceedings. In the event of any action by you to 
enforce this Agreement and Disclosure Statement, I agree to pay 
the costs thereof, reasonable attorneys’ fees, and other expenses. 
I understand and agree that I will be subject to interest charges (at 
the applicable Monthly Periodic Rate), late charges, collection costs, 
reasonable attorneys’ fees and court costs under the terms disclosed 
in this Agreement and Disclosure Statement, until I repay my entire 
Account balance.

SUSPENSION/REVOCATION OF CREDIT PRIVILEGES AND ACCELERATION: 
Upon my default, I understand and agree that you have the right 
to temporarily or permanently suspend or terminate any and all 
Account and Card privileges and/or you may demand immediate 
payment of the unpaid balance, including interest charges, late 
charges, your collection costs, reasonable attorney’s fees, and 
court costs.

RESPONSIBILITY: I agree to repay you according to the terms of this 
Agreement and Disclosure Statement for all purchases, advances, 
interest charges, late charges and any other fees and charges if any, 
arising from the use of the Account by me or any other person I permit 
to use the Account, even if that person exceeds my permission. I 
cannot disclaim responsibility by notifying you, although you will 
close the Account if I so request and I will return all Cards to you. 
My obligation to pay the Account balance continues even though an 

agreement, divorce decree or other court judgment to which you 
are not a party may direct me or one of the other persons responsible 
to pay the Account. Any person using the Account and/or Card is 
jointly and severally responsible with me for charges he or she makes, 
but if that person signs the Card he or she becomes a party to this 
Agreement and Disclosure Statement and is also responsible for all 
charges on the Account, including mine.

UNAUTHORIZED USE: I may be liable for the unauthorized use of the 
Card and/or the Account. I will not be liable for unauthorized use that 
occurs after I provide notification by calling 855.855.8805, or when 
you receive notice in writing at PO Box 2100, Beaverton, OR 97075-
2100, of the loss, theft or possible unauthorized use. In any case, my 
liability for unauthorized use will not exceed $50.00. My liability may 
be lower in cases of Visa Credit Card fraud in accordance with current 
Visa U.S.A. Inc. Operating Regulations. 

TERMINATION: You may terminate this Agreement and Disclosure 
Statement upon my default. Either you or I may terminate this 
Agreement and Disclosure Statement for other good cause. In no 
event shall any termination relieve me of my obligation to repay sums 
already borrowed, interest charges, late charges, and other fees, 
charges and costs, if any.

LIEN ON SHARES: If I have voluntarily agreed to a lien on shares in my 
Visa Application, I understand and agree that if I am in default, you 
may apply all shares (except IRA accounts) then on deposit needed by 
you to repay my loan.

PLEDGE OF SHARES: If I have signed a separate Share Pledge 
Agreement, I understand and agree that I am pledging, under the 
Uniform Commercial Code, shares now on deposit in my regular 
share account(s). I understand that I must, at all times, keep a sum 
equal to my credit limit on deposit in my regular share account(s) 
until I repay my entire Account balance and the Account is 
terminated. I understand and agree that this security interest will 
cover future purchases and advances under this Agreement and 
Disclosure Statement. If I default, you may apply these shares to 
repay my loan in accordance with applicable law. I understand that 
the ANNUAL PERCENTAGE RATE, quoted above, does not take into 
account the amount pledged in my regular share account(s).

TRANSACTION SLIPS: My periodic statement will identify the 
merchant, electronic terminal or financial institution at which the 
transactions were made, but sales, cash advance, credit or other slips 
cannot be returned with the periodic statement. I will retain the copy 
of such slips furnished at the time of the transaction in order to verify 
my periodic statement. You may make a reasonable charge for any 
photocopies or slips I request.

FOREIGN TRANSACTIONS: Purchases, cash advances and credits made 
in foreign currencies will be billed to my Account in U.S. dollars. The 
conversion to U.S. dollars will be made in accordance with the Visa 
operating regulations for international transactions. The exchange 
rate between the transaction currency and the billing currency used 
for processing international transactions is a rate selected by Visa 
from the range of rates available in wholesale currency markets for 
the applicable central processing date. Rates may vary from the rate 
Visa itself receives, or the government-mandated rate in effect for 
the applicable central processing date, plus a Foreign Transaction fee 
of one percent (1%) of the Purchase or the ATM transaction. The 

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conversion rate may be different than the rate on the day of the 
transaction or date of the posting of the Account. When a credit 
to the Account does not fully offset a charge to the Account due to 
changes in the rate, I am responsible for the differences. The foreign 
transaction fee is a finance charge which is imposed from the date 
of the transaction. The foreign transaction fee will be treated as a 
Purchase transaction and interest will accrue on the foreign  
transaction fee from the date it is posted to your Account.

RETURNS AND ADJUSTMENTS: Merchants and others who honor the 
Account and/or Card may give credit for returns or adjustments, and 
they will do so by sending you a credit slip which you will post to the 
Account. If my credits and payments exceed what I owe you, you will 
hold and apply this credit balance against future purchases and cash 
advances, or if it is $1.00 or more, refund it on my written request or 
automatically after six (6) months.

SURRENDER OF CARD(S): The Card(s) remains your property and, if 
you request, I must surrender to you all Card(s) you have issued on the 
Account.

LOST OR STOLEN CARD, NOTIFICATION AND LIABILITY: I will notify 
you AT ONCE if I believe that the Card, Account number, PIN or any 
combination of the three has been lost or stolen by immediately 
calling you at 855.855.8805. Telephoning is the best way of 
minimizing my possible losses. I understand that my total liability to 
you shall not exceed $50.00 for any Account and/or Card transactions 
resulting from the loss, theft or other unauthorized use of the Account 
and/or Card that occurs prior to the time I give notice to you. Such 
liability does not apply when the Account and/or Card is used to make 
an electronic transfer.

PAYMENTS MARKED “PAID IN FULL”: You may accept checks, money 
orders, or other types of payment marked “payment in full” or using 
other language to indicate full satisfaction of any indebtedness, 
without being bound by such language or waiving any rights under this 
Agreement and Disclosure Statement. Full satisfaction of indebtedness 
shall be accepted by you only in a written agreement, signed by an 
authorized representative.

DELAY IN ENFORCEMENT: You can delay enforcing any of your rights 
under this Agreement and Disclosure Statement without losing them.

GOVERNING LAW: I understand and agree that this Agreement and 
Disclosure Statement is made in California and shall be governed by 
the laws of the State of California to the extent that California law is 
not inconsistent with controlling federal law. I also understand and 
agree that California’s choice of law rules shall not be applied if they 
would result in the application of non-California law.

INTEGRATED DOCUMENT(S): Any separate sheet of paper labeled 
“Account Opening Disclosure” which is delivered together with this 
form is an integrated part of the Agreement and Disclosure Statement.

MEMBERSHIP REQUIREMENT: I understand and agree that I must be 
and remain a member in good standing with you to be eligible for 
continuing Account and/or Card privileges including future purchases 
and advances. I understand and agree that you may suspend the 
Account and/or Card privileges during any period in which I do not 
satisfactorily maintain my membership with you.

CREDIT INFORMATION: I authorize you to investigate my credit 
standing when opening, renewing or reviewing the Account, and I 

authorize you to disclose information regarding the Account to 
credit bureaus and other creditors who inquire of you about my 
credit standing to the extent authorized by law.

CHANGE OF NAME, ADDRESS, EMPLOYMENT STATUS: My monthly 
statements and notices about my Account will be sent to the 
address I provided in my application. I understand and agree that I 
must report to you any change in my name, address or  
employment status. I must send you this information 21 days 
before the date a billing cycle closes in order to receive my 
monthly statement to my new address. 

ACCURACY OF INFORMATION: The information provided in my 
request for credit (application) is accurate and I will notify you in 
writing immediately if there is a change in my financial condition. 
You may retain the application. I understand that it is a violation 
of Section 1014, Title 18, US Code to make false statements or 
over value security for the purpose of influencing the action of any 
federally-insured credit union.

AUTHORIZED USER: I agree not to allow access to my Card, Account 
number, convenience Checks, or personal identification number 
(PIN) to anyone else to use my Account, except by asking you to 
issue a card to grant Account access to another person. If I allow 
access to my Card or Account information, I will be liable for any 
transactions conducted by that person, unless and except as  
expressly required by applicable law. I agree to be responsible for 
all Account transactions made by anyone who I have authorized by 
(a) asking you to issue a Card to grant Account access to another 
person, (b) lending my Card to or (c) allowing Account access 
by another person, or any other way in which I would be legally 
considered to have allowed another person to use my Account or 
to be legally prevented from denying that I did so. Once I allow 
authority to any authorized user I cannot limit that authority 
unless my Account is closed to future transactions. I, as a primary 
user, must call or write you with any request to cancel and revoke 
a person’s authority. You will not provide any Account information 
to anyone other than me and any individual I authorize has no 
right to make any Account changes or inquiries. 

COPY RECEIVED: I acknowledge receipt of a copy of this Agreement 
and Disclosure Statement and agree to accept its terms.

NOTICE: See the statement below for important information 
regarding my right to dispute billing errors.

Additional Terms Applicable to Visa Checks:
CHECK USES: I can use the Visa Checks (“Checks” or “Check”) to 
purchase goods and services or to obtain cash up to the amount of my 
Credit Limit. Use of any Check is a cash advance on my Visa Account.

LIMITATIONS: You are not required to honor a Check that will cause 
me to exceed my Credit Limit. You will not pay a Check if at the 
time the Check is presented, I am in default or you have suspended, 
terminated or canceled the Account. Each Check must be in the form 
you have issued to me. Checks may be used only by the person(s) 
whose name(s) is/are printed on the Check. I am responsible for all 
authorized use of the Checks. I may not use the Checks to pay any 
amount which I owe you pursuant to this Agreement and Disclosure 
Statement.

PERIODIC STATEMENTS: My periodic statement will show me an 
itemization of the Checks posted to the Account during the billing 
cycle. Checks paid by you will not be returned to me with my 
periodic statement.

RETURNED CHECK FEE: You will charge a fee of $25.00 per returned 
Check, which will be billed to the Account, if my Check cannot be paid.

STOP PAYMENT: Provided such request is timely so that you shall 
have a reasonable opportunity to act upon it under your rules, I 
may order stop payment on a Check drawn on the Account, other 
than one that has been guaranteed. In the event of a verbal stop 
payment order, the order shall be valid for only fourteen (14) days 
thereafter unless confirmed in writing. Written stop payment 
orders will remain in effect only six (6) months unless renewed in 
writing. I have the burden of establishing the fact and amount of 
loss resulting from payment contrary to a binding stop payment 
order. You will charge a fee of $20.00 per Check when I place a 
stop payment on any Check which will be billed to the Account.

SURRENDER OF VISA CHECKS: The Checks are your property. You 
reserve the right to revoke them at any time. I agree to return them 
at your request.

My Billing Rights: Keep This Document for 
Future Use
This notice tells me about my rights and your responsibilities 
under the Fair Credit Billing Act.

What To Do If I Find A Mistake On My Statement

If I think there is an error on my statement, I must write to you at:

Member Services
PO Box 2100
Beaverton, OR 97075-2100

In my letter, give you the following information:

•  Account information: My name and account number.

•  Dollar amount: The dollar amount of the suspected error.

•  Description of problem: If I think there is an error on my 

bill, describe what I believe is wrong and why I believe it is a 
mistake.

I must contact you:

•  Within 60 days after the error appeared on my statement.

•  At least 3 business days before an automated payment is 

scheduled, if I want to stop payment on the amount I think is 
wrong.

I must notify you of any potential errors in writing. I may call you, 
but if I do you are not required to investigate any potential errors 
and I may have to pay the amount in question.

What Will Happen After You Receive My Letter

When you receive my letter, you must do two things:

1.  Within 30 days of receiving my letter, you must tell me that 

you received my letter. You will also tell me if you have already 
corrected the error.

2.  Within 90 days of receiving my letter, you must either correct 
the error or explain to me why you believe the bill is correct.

While you investigate whether or not there has been an error:

•  You cannot try to collect the amount in question or report 

me as delinquent on that amount.

•  The charge in question may remain on my statement, and 
you may continue to charge me interest on that amount.

•  While I do not have to pay the amount in question, I am 

responsible for the remainder of my balance.

•  You can apply any unpaid amount against my credit limit.

After you finish your investigation, one of two things will happen:

•  If you made a mistake: I will not have to pay the amount in 

question or any interest or other fees related to that amount.

•  If you do not believe there was a mistake: I will have to pay 
the amount in question, along with applicable interest and 
fees. You will send me a statement of the amount I owe and 
the date payment is due. You may then report me as delinquent 
if I do not pay the amount you think I owe.

If I receive your explanation but still believe my bill is wrong, I 
must write to you within 10 days telling you that I still refuse to 
pay. If I do so, you cannot report me as delinquent without also 
reporting that I am questioning my bill. You must tell me the name 
of anyone to whom you reported me as delinquent, and you must 
let those organizations know when the matter has been settled 
between us.

If you do not follow all of the rules above, I do not have to pay the 
first $50 of the amount I question even if my bill is correct.

My Rights If I Am Dissatisfied With My Credit Card Purchases

If I am dissatisfied with the goods or services that I have purchased 
with my credit card, and I have tried in good faith to correct the 
problem with the merchant, I 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 my home state or within 
100 miles of my current mailing address and the purchase price 
must have been more than $50. (Note: Neither of these are 
necessary if my purchase was based on an advertisement you 
mailed to me, or if you own the company that sold me the goods 
or services.)

2.  I must have used my credit card for the purchase. Purchases 
made with cash advances from an ATM or with a check that 
accesses my credit card account do not qualify.

3.  I must not yet have fully paid for the purchase.

If all of the criteria above are met and I am still dissatisfied with 
the purchase, I may contact you in writing at:

Member Services
PO Box 2100
Beaverton, OR 97075-2100

While you investigate, the same rules apply to the disputed 
amount as discussed previously. After you finish your 
investigation, you will tell me your decision. At that point, if you 
think I owe an amount and I do not pay, you may report me as 
delinquent.

State Law Disclosures
State Laws Require the Following Disclosures:

NEW YORK RESIDENTS: The Credit Union may at any time in the 
future obtain consumer reports to review my Account. Upon  
request, the Credit Union must supply the name and address of 
the consumer reporting agency which gave the consumer report.

WISCONSIN RESIDENTS: Wisconsin law provides that any 
agreement, unilateral statement or court decrees relating to 
marital property may not adversely affect a creditor’s interest, 
unless prior to the time credit is granted, the creditor is furnished 
with a copy of the agreement, statement or decrees, or has actual 
knowledge of the adverse provision. 

Questions concerning your Visa Account with First Technology  
Federal Credit Union can be directed to the Card Services  
Department, PO Box 2100, Beaverton, OR 97075-2100 or by  
calling 855.855.8805, Monday - Friday, 6am to 6pm, Pacific Time.

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First Technology Federal 
Credit Union Platinum VISA® 
Card Agreement and Federal 
Truth-in-Lending Disclosure 
Statement

Effective: September 1, 2011

855.855.8805  |  firsttechfed.com

Federally insured by NCUA.

7-7300-0911

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