CREDIT CARD AGREEMENT AND DISCLOSURES 

THIS  IS  YOUR  AGREEMENT  AND  DISCLOSURE  STATEMENT  WITH  LAKE  MICHIGAN  CREDIT  UNION.    PLEASE  READ  IT  CAREFULLY  AND 
KEEP  IT  FOR  YOUR  RECORDS.    IT  SUPERSEDES  ALL  PRIOR  AGREEMENTS  AND  DISCLOSURE  STATEMENTS  RELATING  TO  YOUR 
ACCOUNT.    YOU  DO  NOT  HAVE  TO  SIGN  THIS  AGREEMENT.    YOUR  AGREEMENT  TO  ALL  OF  THESE  PROVISIONS,  AS  AMENDED  FROM 
TIME TO TIME INCLUDING THE CARD ISSUED BY US, WILL BE SHOWN BY YOUR APPLICATION FOR THE CARD, YOUR ACCEPTANCE OF 
THE CARD, OR YOUR USE OF THE CARD, WHICHEVER OCCURS FIRST. 

1.  Definitions.  In  this  Agreement,  the  word  "Card"  means  either  one  or  more  VISA  or  MasterCard  credit  cards  and  any  duplicates,  renewals  or 
substitutions we issue.  The words, "you," "your," and "yours" mean all cardholders (borrowers and co-borrowers); anyone any cardholder permits to use 
the Card(s); as  well as any  authorized user for  whom an additional Card(s) is issued to the extent of their purchases and cash  advances, as well as 
transactions by anyone they permit to use the Card(s).  The word "cardholder" means any applicant or co-applicant to whom a Card is issued by us.  
The words "Credit Union," "we," "us," and "our" mean Lake Michigan Credit Union.  The words "Convenience Checks" mean one or more checks that we 
may send to you to access your Credit Card Account. 

2. Pledge Of Shares And Security Interest. 

BY SIGNING AN APPLICATION, ACCEPTANCE OR AUTHORIZED USE OF ANY CREDIT CARDS, YOU GRANT AND PLEDGE A CONSENSUAL 
LIEN  TO  US  ON  ALL  SHARES  TO  SECURE  PAYMENT  OF  YOUR  OBLIGATIONS  ON  THIS  ACCOUNT.    IN  ADDITION,  YOU  ACKNOWLEDGE 
OUR  STATUTORY  LIEN  RIGHTS  UNDER  THE  FEDERAL  CREDIT  UNION  ACT;  YOU  AGREE  THAT  SUCH  A  LIEN  IS  IMPRESSED  AS  OF  THE 
DATE THAT THIS ACCOUNT IS OPENED; AND YOU AGREE THAT WE CAN APPLY THE SHARES PLEDGED AT THE TIME OF ANY DEFAULT 
ON  THIS  ACCOUNT  WITHOUT  FURTHER  NOTICE.  “Shares”  for  the  purpose  of  your  pledge  to  secure  your  obligations  to  the  Credit  Union 
means  all  deposits  in  any  share  savings,  share  draft,  club,  certificate,  P.O.D.,  revocable  trust  or  custodial  account(s),  whether  jointly  or 
individually  held  --  regardless  of  contributions,  that  you  have  on  deposit  now  or  in  the  future.    Your  pledge  does  not  include  any  I.R.A., 
Keogh, tax escrow, irrevocable trust or fiduciary account in which you do not have a vested ownership interest. 

SECURITY AGREEMENT:  “Non-Purchase-Money Security Interests” Payments on your Account are secured by any security interest in any property 
securing  your  other  obligations  to  the  Credit  Union,  whether  existing  now  or  in  the  future,  except  your  household  goods  and  your  primary  residence. 
“Purchase-Money Security Interests” You hereby grant Credit Union security interest in all property purchased/acquired by you or any authorized user 
pursuant to the use of this Account, including a purchase-money security interest in any household goods purchased/acquired with an extension of credit 
upon this Account.   These Purchase-Money Security Interests shall secure faithful performance of all obligations arising under this Agreement; and the 
Credit Union shall have all of the rights of a secured party in accordance with Article Nine of the Uniform Commercial Code and/or other applicable law. 

3.  How  to  Use  this  Account.  You  must  sign  the  Card  in  order  to  use  it.  You  can  purchase  or  lease  goods  and  services  ("Purchases")  from  any 
merchant who honors your Card up to your maximum credit limit by presenting your Card and signing a sales slip or writing a Convenience Check for the 
amount of the Purchase. You may also use the Card to obtain cash loans ("Cash Advances") up to your maximum credit limit from financial institutions 
that accept the credit card, and by use of preprinted Convenience Checks that the Credit Union may issue to you. You agree not to present your Card, 
obtain a Cash Advance or write a Convenience Check for any extension of credit in excess of your available Credit Limit (the difference between your 
outstanding balance and your maximum credit limit) on your account. Certain purchases and cash advances require authorization prior to completion of 
the transaction.  In some cases, you may be asked to provide identification.  If our system is not working, we may not be able to authorize a transaction, 
even though you have sufficient credit available.  Also, for security reasons, we may block the use of your Card in certain countries or geographic areas.  
We will have no liability to you or others if any of these events occur. 

4.  ATM  Access.  If  you  have  received  a  personal  identification  number  (PIN),  you  may  use  your  Card  and  PIN  to  obtain  Cash  Advances  at  any 
Automatic Teller Machine ("ATM") that accepts your Card.  Your PIN is confidential and should not be disclosed to anyone.  You agree not to write your 
PIN on your Card, you will not keep your Card and PIN together, and you will not provide your PIN to anyone who is not an authorized user.  Except as 
otherwise provided in this agreement, advances through ATM access will be treated as Cash Advances under this Agreement.  Advances at authorized 
ATM's are limited to a total of $1000.00 during any 24-hour period.  Owners of ATMs that we do not own may charge fees in addition to any fees 
disclosed in this Agreement.   This is not a fee charged by your Credit Union; however, any such fee will be added to your account. The party 
charging the fee is required to provide appropriate disclosures to you with regard to any such fees. 

5. Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card and on your monthly statement. At our 
discretion, we may change your credit limit at any time, and may provide separate limits for purchases and for cash advances.  We will notify you if we 
do, either by mail or through your monthly billing statement. You may request a change to your credit limit by contacting the Credit Union by telephone or 
mail.  Your continued use of the card will show your agreement to any such increase.  If you object to an increase in your credit limit, you must notify 
Credit  Union  in  writing.    Upon  receipt  of  such  notice,  your  credit  limit  will  be  reduced  to  its  prior  limit  or  the  limit  requested;  however,  you  will  be 
responsible to pay any amounts by which you have exceeded the reduced limit.  You agree to pay any amounts you owe that exceed your maximum 
credit  balance  upon  demand.  You  agree  we  are  not  obligated  to  extend  to  you  credit  for  any  amount  that  would  cause  your  outstanding  balance  to 
exceed  your Maximum Credit Limit, or for any amount if  your  outstanding balance already  exceeds  your Maximum Credit Limit. Any increase in your 
Maximum Credit Limit requested by you will require you to make a written application for our approval. In assessing your credit limit under the provisions 
in this Section (either at our discretion or upon request): (a) we may and you authorize us to review your credit history, including consumer credit reports; 
(b) you authorize us to have this review made by third parties to determine whether you meet the criteria we have set for such an increase; and (c) this 
process shall not be pre-screening under the Fair Credit Reporting Act or other applicable laws or regulations based on our existing relationship and this 
Agreement. 

Credit  balances  in  excess  of  $1.00  will  be  refunded  to  you  immediately  after  collection  as  provided  herein  by  a  credit  deposited  to  you  credit  union 
account or by mailing a check to the address to which statements are provided payable to the order of any cardholder.  You agree that the Maximum 
Credit  Limit  will  at  no  time  exceed  the  agreed  upon  amount,  and  that  any  credit  balance  will  not  be  available  or  increase  the  Maximum  Credit  Limit 
available for new purchases or cash advances during any billing cycle. 

Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010  

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Limits for ATM and Over-the-Counter Cash Advances can be determined by contacting the Credit Union’s VISA Department as set forth at the end of 
this Agreement.  

6. General Terms Governing Your Payments. You will be jointly and severally liable and agree to pay the Credit Union for all charges  (purchases, 
cash advances, finance charges, and other charges added to your Account under the terms of this or any other agreements with us) extended to you or 
anyone else using any Card issued for your account, unless the use of such Card is by a person other than you, who does not have actual, implied or 
apparent authority for such use and from which you receive no benefit.  Authority includes, but is not limited to, any authorized users permitting another 
person to use any Card(s).  Further, all users are obligated to us for all charges they make, authorize or permit. 

The Credit Union can accept late or partial payments as well as payments that are marked with "paid in full" or other restrictive endorsements, without 
losing any of our rights under this Agreement.  You must pay the  Credit Union in U.S. dollars drawn on funds on deposit in the United States.  If you 
make payment  with other currencies or from an institution domiciled outside the United States, then  your payment  will not be credited until the funds 
have been collected by us in U.S. dollars.  The Credit Union will determine the method of applying payments and credits to your account, which will in all 
respect comply with any specific requirements of applicable laws.   

Unless  otherwise  required  by  specifically  applicable  laws,  for  payments  received  by  mail  by  5:00  PM  EST,  you  will  receive  credit  that  day;  and  for 
payments made in any other manner, including in person, your account will be credited the business day payment is received. 

If the Credit Union receives a payment by mail you will receive credit that day.  Payments made in any other manner, including in person, will be deemed 
received on the business day of the payment was received. 

You authorize us to honor any Purchase or Cash Advance you make by telephone or mail on this account.  You agree that a signature is not necessary 
as identification in such cases.  We reserve the right to refuse to honor any request for credit, to reduce your credit limit or terminate your account at any 
time using our sole discretion, based on changes in the economy, the Credit Union's financial condition, your creditworthiness or for any other reason 
not prohibited by law. 

To protect you and us, the Credit Union, in its sole discretion, may place a temporary freeze on all or part of the credit available to you for 
new purchases or cash advances under this agreement any time the Credit Union receives a large payment ($1,000.00 or more), by a method 
other than cash, certified funds or electronic transfer.  In such cases, the Credit Union may freeze your credit line until payment is actually 
collected by us. 

7. Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments.  If you do not pay your 
balance in full, you agree to pay at least a minimum payment of 3% of your New Balance (rounded to the nearest whole dollar) or $20.00, whichever is 
greater at the end of each statement period.   If the New Balance shown on your periodic statement is $20.00 or less, you agree to pay this amount.  
Unless the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include any amount that is 
past  due  and  any  amount  by  which  your  new  balance  exceeds  your  credit  limit.    Payments  and  credits  will  be  applied  first  to  pay  billed  but  unpaid 
finance  charges;  late  charges,  and  other  fees  or  charges  provided  for  herein;  and  next  to  unpaid  cash  advances;  and  then  to  your  unpaid  purchase 
balance.  You must pay at least the minimum payment each month, but you may pay more than that amount at any time without a penalty.  The sooner 
you pay your new balance, the less you will have to pay in finance charges. The "Payment Due Date" will be shown on your periodic statement. 
Grace Period For Repayment Of The Balance For Purchases: Grace period for repayment of the balance for purchases will be at a minimum 25 days from the close 
of the billing cycle. See your statement for billing cycle date. 

8. Returns and Adjustments. Merchants and others who honor your Card may give credit for returns or adjustments, and they will do so by sending the 
Credit Union a credit slip which will be posted to your Account.  If your credits and payments exceed what you owe the Credit Union, the amount will be 
applied against future purchases  and cash  advances.  If the credit balance amount is $1.00 or more, it will be refunded upon  your  written request or 
automatically after three months. 

9.  Additional  Charges  for  Transactions  in  a  Foreign  Currency  and  “Cross-Border”  Transactions.  Currency  Conversion  Fee:  If  you  effect  or 
authorize a transaction with your access device in a currency other than US Dollars, VISA / MasterCard will convert the charge into a US Dollar amount. 
The  VISA  /  MasterCard  currency  conversion  procedure  includes  use  of  either  a  government  mandated  exchange  rate,  or  a  wholesale  exchange  rate 
selected  by  VISA  /  MasterCard,  as  applicable.  The  exchange  rate  VISA  /  MasterCard  uses  will  be  a  rate  in  effect  on  the  day  the  transaction  is 
processed. This rate may differ from the rate in effect on the date of the purchase or the date the transaction was posted to your account. A Currency 
Conversion Fee of up to .2% will be applied to transactions that are converted from foreign currencies to U.S. dollars. Cross-Border Transaction Fee: 
In  addition,  VISA  /  MasterCard  charges  us  a  Cross-Border  Assessment  up  to  .8%  on  each  transaction  on  all  cross  border  transactions  regardless  of 
whether there is a currency conversion. For purposes of this Section, “cross-border transaction” shall include both (a) transactions initiated in a foreign 
country  which  are  subsequently  settled  in  the  United  States,  and  (b)  transactions  initiated  in  the  United  States  but  which  are  ultimately  settled  in  a 
country  outside  of  the  United  States.  The  Credit  Union  will  assess  these  fees  to  you  to  reimburse  it  for  the  fee  it  is  required  to  pay  for  each  of  your 
transactions  subject  to  these  terms.  The  Cross-Border  transaction  fee  will  be  shown  separately  on  your  periodic  billing  statement.  The  Currency 
Conversion Fee, if it applies to the transaction, will be included in the transaction amount posted on your statement. 

10. Finance Charges on Account. 

You agree to pay the FINANCE CHARGE on your account. 

A FINANCE CHARGE computed on a monthly periodic rate ("MPR") will begin to accrue for new Purchases, if you do not pay the New Balance in full 
within 25 days after the billing date of the statement on which the new Purchases first appear. A FINANCE CHARGE computed on a monthly periodic 
rate  ("MPR")  will  begin  to  accrue  on  the  transaction  date  of  Cash  Advance(s)  or  Purchases  (except  as  provided  above),  or  the  first  day  of  the  billing 
cycle, whichever is later, and will continue to be imposed until you have paid any outstanding balance in full. The Credit Union calculates the FINANCE 
CHARGE as follows: 

a.  The  FINANCE  CHARGE  will  be  figured  by  applying  the  monthly  periodic  rate  of  your  Account  to  the  average  daily  balance  of  Purchases  and 
Cash Advances.    The monthly periodic rate is a Variable Rate which is based on the highest Prime Rate as published in the Money Rates section 
of The Wall Street Journal in effect each day of each year (*Index”) plus our Margin.  The Index plus the Margin equals the Interest rate.  Changes in 

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Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
the  Index  will  cause  changes  in  the  Interest  Rate  on  the  day  of  any  such  change  in  the  Index.    The  monthly  periodic  rate  and  ANNUAL 
PERCENTAGE RATE (APR) to be used is determined by the account applied for or approved by us pursuant to the terms of your application.  Your 
interest rate will never exceed 18%. 

Card 
VISA Platinum Prime Link 
VISA Platinum Travel Plus 
VISA Platinum Rewards Plus 
VISA Gold  
MasterCard Car Credits  

Index 
Prime Rate 
Prime Rate 
Prime Rate 
Prime Rate 
Prime Rate 

Margin 
3.00% 
6.00% 
6.75% 
3.00% 
6.00% 

Risk-Based Category** 
1.00%-8.00% 
0.50%-7.25% 
0.75%-7.75% 
1.00%-8.00% 
N/A 

**Risk-Based  Category:  The  Index  plus  the  Margin  are  the  Credit  Union’s  A  Rate.    Your  rate  may  vary  based  on  individual 
creditworthiness and our underwriting standards.  For members who do not meet the A rate requirements, based upon the account 
applied for 0.50% - 8.00% will be added to the Margin, resulting in a corresponding increase to the Interest Rate.  

b.  You  may  consult  with  one  of  our  loan  officers  regarding  the  category  assigned  after  evaluation  of  a  completed  application  for  our  credit  card 
services.  Your APR will be set forth on the separate page titled “Credit Card Finance Addendum,” and in each monthly statement. 

c. To get the total average daily balance on your Account, we take the beginning balance of your Account each day, add any new Purchases and 
Cash Advances, unpaid Finance Charges, current late payment fees, any  annual  fee, if applicable, and other fees, and subtract any payments or 
credits. This is your daily balance. Then we add up all the daily balances for the billing cycle and divide their total by the number of days in the billing 
cycle. This gives you the average daily balance. This determines the balance subject to the FINANCE CHARGE. 

d. The Credit Union, in its sole discretion, may change the Monthly Periodic Rate and ANNUAL PERCENTAGE RATE from time to time.  Any change 
in  the  Finance  Charge  shall  apply  both  to  the  outstanding  balance  and  any  new  Purchase  and  Cash  Advances.    If  the  current  effective  rates  are 
different, they are disclosed on an enclosed/attached insert. 

11. Promotional Finance Charges.  From time to time and in our sole discretion we may offer a special rate applicable to certain transactions such as 
particular  purchases  (as  defined  by  us),  balance  transfers,  cash  advances  or  purchases  made  by  using  Convenience  Checks.    Applicable  terms  and 
conditions will be disclosed at the time any such promotion is offered, and are incorporated into this Agreement by reference.  The promotional rate will 
apply  only  to  the  transactions  and  for  the  period  of  time  set  forth  in  any  such  offer  from  us.    Existing  balances  and  new  purchases  or  advances  not 
expressly subject to any such promotion will remain governed by the terms and conditions of this Agreement.  In addition, the terms and conditions of 
this Agreement will govern your obligations regarding any unpaid balance or transactions that are made subject to any such promotional offer, that are 
not fully paid within the time period set forth in such promotional offer. 

12. Interest Rate Adjustment (Default Rate) The Credit Union will adjust the interest rate on your account whenever your account becomes more than 
60 days past due.  We will change your interest rate to a non variable rate of 18% ANNUAL PERCENTAGE RATE which is a monthly periodic rate of 
1.50%, on the first day of the billing cycle in which your account went into default.  After six (6) consecutive billing cycles of your account being paid 
pursuant to the terms of your agreements with the Credit Union, we will change the interest rate to the rate that is then applicable to your account, which 
will become effective on the first day of the billing cycle following the sixth consecutive billing cycle. 

13. Monthly Statement.  We will send you a monthly billing statement whenever there is activity on your account.  Your monthly statement will show an 
itemized list of current charges (Purchases and Cash Advances) and Convenience Check transactions to your account, your new balance, any Finance 
Charges, the minimum payment due, and the payment due date.  In addition, it will show your current credit limit, payments, and credits, a summary 
showing your Purchases and Cash Advances, the merchant, electronic terminal or financial institution at which transactions were made, as well as other 
information concerning your account.  Sales, Cash Advance, credit or other slips cannot be returned with any statement.  You will retain a copy of such 
slip furnished at the time of the transaction in order to verify your monthly statement. E-Statements: If provided electronically, you will be sent a notice 
via e-mail that will direct you to a site we maintain where you may access, review, print and otherwise copy / download your periodic statements using 
procedures that we authorize. E-mails from us will be sent to the e-mail address provided by any owner.  

14. Additional Benefits/Card Enhancements. The Credit Union may from time to time offer additional services to your Account, such as travel accident 
insurance, purchase rewards or rebates at no additional cost to you.  You understand that the Credit Union is not obligated to continue or to offer such 
services and may withdraw or change them at any time. If these benefits are withdrawn prior to any accrued use by you, the Credit Union will have no 
obligation to provide the benefit or enhancement, or any other compensation or consideration.   

15. Merchant Disputes.  The Credit Union is not responsible for the refusal of my merchant or financial institution to honor your Card except as set forth 
in the Special Rules for Credit Card Purchases set forth at the end of this Agreement.   

16. Skip Payment Option. At our option, we may offer you the opportunity to not make ("skip") a minimum payment during certain designated billing 
cycles ("skip payment period").  If you do not make your minimum payments as provided in this Agreement, during such designated billing cycles, you 
understand that we will continue to apply finance charges to your account. Beginning with the billing cycle following an allowed skip payment period, all 
other provisions of this Agreement will apply.  We have no obligation to accept your application for any skip payment period offered, and you authorize 
us to investigate your creditworthiness including obtaining consumer credit reports. 

17. Exceeding Your Credit Limit Fee. If you opt-in pursuant to applicable laws governing over-the-limit fees whereby you agree that the Credit Union 
will charge your account an over the credit limit fee of $25 for each billing period in which your new balance exceeds your credit limit unless expressly 
limited pursuant to applicable laws. This fee may be added to your account balance, or collected from you on demand. You agree that over-limit charges 
are imposed only in the case of a breach of this Agreement, and that such activity constitutes an event of default under the terms and conditions of this 
agreement; and that such a charge is not anticipated by any party to this Agreement to constitute a part of any Finance Charge, Monthly Periodic Rate 
or APR.  

18. Late Payment Fee.  If  you payment is 35 or  more days late then the Credit Union  will charge your account a late payment fee of $15.00 if  your 
balance is below $1,000 or $25 if your balance is at or above $1,000.   

Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010  

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19. Returned Payment or Insufficient Funds Fee. Credit Union will charge your account a $25.00 fee if your payment by any method, including check, 
electronic transfer, home banking transaction or otherwise, is not honored, collected by us,  or if we must return it to you because it cannot be processed 
for any reason.  This fee will be added to your account balance. 

20. Charge for Statement Copies, and Card Replacement.  Credit Union will charge a fee of $2.50 per monthly statement copy requested.  However, 
no charge will be imposed in connection with any actual or asserted billing error.  We will charge a $5.00 fee to replace a card. 

21. Cash Advance Fee.  Credit Union will charge a cash advance fee Finance Charge equal to 3.00% of each such advance. 

22. Convenience Checks.  Any individual cardholder or authorized user can use your Convenience Checks to purchase goods and services or to obtain 
cash up to the amount of your available credit limit unless that amount will cause you to exceed your credit limit.  Credit Union will treat Convenience 
Checks as Cash Advances and will charge them against your credit limit.  Credit Union may decline to honor a Convenience Check if you are over your 
credit limit, you  are in default,  your account privileges have been canceled,  your  Card has expired, or  your account is not activated.  If we decline to 
honor a Convenience Check, Credit Union will charge you a fee of up to 25.00, which the Credit Union will add to your account balance.  Convenience 
Checks may be used only by the person whose name is printed on them.  You may not use Convenience Checks to pay any amount which you owe the 
Credit Union under this or any other credit agreement with the Credit Union.  Credit Union will not certify any Convenience Checks, nor will the Credit 
Union  return  paid  Convenience  Checks  to  you.    It  is  in  the  Credit  Union's  sole  discretion  to  issue  Convenience  Checks  to  any  member.  STOPPING 
PAYMENT  OF  A  CONVENIENCE  CHECK.  You  may  ask  us  to  stop  payment  of  a  convenience  check  by  calling  us  at  (800)  654-7728.    Your  stop 
payment request will only be effective for 14 days from the date of your call unless within that 14 days you confirm it in writing, signed by you, describing 
with  certainty  the  convenience  check  to  be  stopped  and  sent  to  us  at  LMCU  PO  Box  2848  Grand  Rapids  MI  49501.    Even  if  you  do  that,  we  may 
disregard  your  stop  payment  request  starting  six  months  after  we  receive  it  unless  you  renew  that  request  in  writing  to  us  before  the  end  of  that  six 
month period. We will use commercially reasonable efforts to stop payment on your convenience check. However, you agree that convenience checks 
are  credit  transactions;  and  that  we  will  not  be  responsible  in  any  way  if  the  convenience  check  that  you  have  requested  us  to  stop  payment  on  is 
cashed or otherwise presented for payment and, using commercially reasonable efforts, we are unable to stop payment. You agree that the UCC does 
not apply to a convenience check 

23.  Your  Responsibility  and  Liability  for  Unauthorized  Use  and  Lost  or  Stolen  Cards  or  Convenience  Checks    If  your  Card  or  Convenience 
Checks  are  lost  or  stolen,  or  if  you  are  afraid  someone  used  or  may  use  them  without  your  permission,  you  must  notify  the  Credit  Union  at  once  by 
calling  1-800-449-7728.    If  notice  is  given  orally,  you  will  promptly  confirm  it  in  writing.    The  Credit  Union  may  require  you  to  provide  us  certain 
information in writing to help us investigate any unauthorized use.  Further, you agree to cooperate and assist us or any government or law enforcement 
agent or agency in investigating, collecting or pursuing any other rights (civil and criminal) relating to any unauthorized use.  In this regard, you agree to 
file an appropriate police report when asked to do so.  Do not use the Card or the Convenience Checks after you have notified the Credit Union, even if 
you find them or have them returned to you.   

You are liable for all transactions that you authorize.  No Liability: You will have no liability for unauthorized use of your Card, Convenience Checks or 
other  Access  Devices  for  non-ATM  transactions  made  over  the  VISA/MasterCard  Network  if  the  following  conditions  are  met:  (1)  You  have  not  been 
grossly  negligent;  and  (2)  You  have  not  committed,  participated  in  or  conspired  to  commit  any  fraudulent  act  or  scheme  involving  the  use  of  your 
VISA/MasterCard credit card account.   Limited Liability:  For transactions on other networks or ATM transactions,  you may be liable for unauthorized 
transactions using your Card, Convenience Checks or other Access Devices  that occur before we are notified.  However, your liability for unauthorized 
use on networks other than VISA/MasterCard will not exceed $50.00.  In any case, you will not be liable for any unauthorized use after notifying us of the 
loss, theft or unauthorized use of your Card, Convenience Checks or other Access Devices. 

24. Default.  You will be in default if: (a) you fail to pay the Minimum Payment Due by the Payment Due Date; (b) the Credit Union, in its sole discretion, 
feels insecure (For example:  Our good faith belief that your ability to pay your account is impaired; use of your account in any manner or in any way that 
may expose the Credit Union to a risk of loss; etc.); (c) your ability to repay is materially reduced by a change in your employment, by an increase in 
your obligations, by bankruptcy or insolvency proceedings involving you, by your death, or (for community property state residents only) by a change in 
marital  status  or  domicile;  (d)  you  exceed  your  credit  limit  without  our  permission;  (e)  you  have  made  a  false  or  misleading  statement  to  us  in  your 
application or otherwise; (f) you are in default under any other agreement with us; (g) if you use or authorize the use of any Card(s) to make or facilitate 
any illegal transaction; or (h) you fail to perform any of your other obligations under the terms of this Agreement as it may be amended from time to time.  
Upon  default  we  may  close  your  Account  to  future  purchases  and  advances  and,  to  the  extent  not  prohibited  by  Governing  Law,  demand  immediate 
payment of your entire Account balance, after giving you any notice and opportunity to cure the default if required by applicable law.  The Credit Union's 
sole  obligation  hereunder  with  regard  to  determining  and  declaring  an  event  of  default  is  the  exercise  of  "good  faith,"  based  on  its  subjective 
understanding of applicable facts. We shall also have the right to close your account and terminate access privileges where your account is inactive for 
such periods of time as we may from time-to-time determine to be appropriate for protecting both our and your interests.   

25. Collection Costs. You agree to pay all costs incurred by the Credit Union in collecting any amounts you owe or in enforcing or protecting the Credit 
Union's rights under this Agreement, including attorneys' fees  and also those costs, expenses and attorneys' fees incurred in any appellate, bankruptcy 
and post-judgment proceedings, except as limited or prohibited by applicable law. 

26. Updating and Disclosing Financial Information. We may report your performance under this Agreement to credit reporting agencies and secure 
follow-up credit reports on you for any legitimate business reason, including if you fail to make your minimum payments on time.  We can reinvestigate 
and reevaluate any information you provide on your Visa Application at any time, and in the course of doing so, we may ask you to provide additional 
information, request credit bureau reports and/or otherwise verify your current credit standing. 

Access  to  Account  Information:  You  agree  that  all  borrowers  and  authorized  users  will  have  access  to  information  regarding  transactions  on  your 
account, including but  not limited to purchases and cash advances, account balances, account history, payments  and other information relating to  or 
arising with regard to this account or any transaction. 

27. Correcting the Credit Union's Credit Report. If you think the Credit Union reported erroneous information about you to a credit reporting agency, 
call the Credit Union at the telephone number listed on your monthly billing statement.  Credit Union will promptly investigate the matter. Credit Union will 
contact each credit reporting agency whose records may reflect an error.  Credit Union will require them to correct your report if its investigation decides 
that you were correct.  If Credit Union disagrees with you after the investigation, Credit Union will advise you, in writing or by phone, and instruct you 
how to submit to those agencies a statement of your position that will become a part of your credit record with them.  The instructions will include the 
name, address, and phone number of each such agency, along with other pertinent information. 

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Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010  

 
  
 
 
 
 
 
 
 
 
 
28. Closing Your Account.  Any individual cardholder without the consent of other cardholders may close your Account at any time by notifying us in 
writing  as  indicated  in  this  Agreement.    Credit  Union  may  close  your  account  or  suspend  your  Card  privileges  or  Convenience  Checks  at  any  time 
without  prior  notice.    Credit  Union  may  also  reissue  a  different  Card  or  different  checks  at  any  time.    You  must  return  the  Card  or  the  Convenience 
Checks to the Credit Union upon request.  You agree that the Card and all Convenience Checks remain the property of Credit Union.  Each Card we 
issue will have an expiration date.  Upon expiration of your Card your account will automatically terminate; or the Credit Union, in its sole discretion, may 
extend your Agreement and issue a new card with a new expiration date.  If you account is closed, expires or your credit privileges are terminated or 
suspended, you will remain responsible for paying all amounts you owe us according to the terms of this Agreement. Without limiting the foregoing, the 
Credit Union has the right to terminate your line of credit and to demand the return of all cards, access checks and other access devices if the Credit 
Union, in its sole discretion, feels that it is insecure for any reason whatsoever; including but not limited to mismanagement of your account, failing to 
safeguard  any  access  device,  creation  of  any  credit  balances  by  you  that  may  increase  the  risk  of  loss  or  exposure  of  the  Credit  Union  or  failing  to 
cooperate with the Credit Union or others with regard to any claim of unauthorized use or any other defense to payment under applicable law. 

29. Changing This Agreement.  The Credit Union may change the terms of this Agreement, including the Annual Percentage Rate, at any time.  Except 
where limited by applicable law, the new terms, including, but not limited to, increasing the finance charge or the way the Credit Union calculates finance 
charges, late charges, and the minimum payment due, will apply both to new purchases and cash advances and to the existing outstanding balance of 
your account as  of the day  of the change.  In accordance  with applicable law, the Credit  Union  will notify  you of any increased charge or change  by 
writing to you at the most recent address shown for you on the Credit Union's records. 

30.  Delay  in  Enforcement/Waivers.    The  Credit  Union  may  delay  or  waive  enforcement  of  any  of  the  provisions  of  this  Agreement,  including  any 
agreement to make timely payments, without losing its right to enforce the same provision later or any other provisions of this Agreement.  You waive the 
right to receive notice of any waiver or delay or presentment, demand, protest or dishonor.  You also waive any applicable statute of limitations to the full 
extent permitted by law and any right you may otherwise have to require the Credit Union to proceed against any person before suing you to collect.  
You understand that the Credit Union will not be liable for a merchant's or other parties' refusal to honor your Card whether due to an error by the Credit 
Union, the merchant, the Credit Union's authorized agent, or other third party. 

31. Change of Name,  Address or Employment. You will notify immediately the Credit Union in writing if your name, home address, or employment 
changes. 

32. Additional Terms of Agreement  
To the extent not prohibited by applicable law, the terms, interpretation and enforcement of any claim or dispute arising under this Agreement, as well as 
all parties rights and duties, will be governed by  Michigan law regardless where you may reside or use your account.  Further, this Agreement is the 
contract which governs all transactions on your Account even though sales, cash advances, credit or other slips may contain different terms.  You may 
not transfer or assign your account or Card to any other person. The Credit Union may assign or transfer this Account, your Account balance, or this 
Agreement to another person, who will have all of our rights hereunder.  This Agreement is binding on your heirs and legal representatives.  If there are 
joint obligors or  authorized users for this credit plan, each of  you  will have the right to use the Account to obtain loans pursuant to the terms hereof.  
Each of you will be liable for all obligations owing on the Account whether borrowed by you or otherwise and whether within or beyond the credit limit.  
Your liability will be joint and several.  Either party has the right to cancel this Agreement.  Further each of you are responsible for all amounts borrowed 
by  any  authorized  user(s).    Authorized  users  and  other  users  may  also  be  required  to  repay  the  amount  owed  for  charges  they  make;  however,  you 
remain, at all times, primarily responsible for all amounts owed. All Cards, billing statements and notices will be mailed or delivered to the address given 
on the application for either applicant unless  you  direct otherwise  in  writing.   If  any  law or judicial ruling  makes  any  part, provision,  sentence or 
section   of this Agreement unenforceable, the remainder  will continue in full force and effect.  You agree that your account will also be subject 
to all rules and regulations of VISA U.S.A., Inc., or MasterCard, Inc., as applicable, which are incorporated herein by reference. If there is any conflict 
between  this  Agreement  and  the  rules  and  regulations  of  VISA  U.S.A.,  Inc.  or  MasterCard,  Inc.,  the  rules  and  regulations  of  VISA  U.S.A.,  Inc.  or 
MasterCard, Inc., will control, as applicable.  

You agree that any lawsuit based on a cause of action against us must be filed within one year from the date it arises, or you shall be barred 
from filing any lawsuit.  This limitation includes, tort, contract and all other causes of action for which you and we may lawfully contract to 
limit. 

33. Insurance. If you elect insurance, as set forth in your application, then the charges will be added to your Account balance on each billing cycle, if 
your  insurance  application  is  approved.    Credit  insurance  is  voluntary  and  not  required  to  obtain  a  credit  card  account  with  us.    You  have  a  right  to 
terminate this insurance at anytime by notifying us in writing. 

35. Illegal Transactions.  You warrant and agree that your Credit Card, other access device or any related account will not be used to make or facilitate 
any illegal transaction(s) as determined by applicable law; and that any such use, including any such authorized use, will constitute an event of default 
under  this  Agreement.    Certain  federal  and/or  state  laws  or  Card  Service  Providers’  Rules  may  limit  or  prohibit  certain  transactions  such  as  (but  not 
limited to) those coded as possible gambling transactions. The Credit Union may decline to accept, process or pay any transaction that we believe to be 
illegal or unenforceable (regarding your obligation to pay us or otherwise) under applicable law; or which is otherwise limited or prohibited, including but 
not limited to any transaction involving or relating to any gambling activity. Such prohibition or limitations may affect some otherwise proper or allowable 
transactions such as charges incurred at a hotel-casino. You understand and agree such limitations/prohibitions are not within the Credit Union’s control 
and  that  the  Credit  Union  will  not  have  any  liability,  responsibility  or  culpability  whatsoever  for  any  such  use  by  you  or  any  authorized  user(s);  or  for 
declining to accept, process, or pay any such transaction.  You further agree to indemnify and hold the Credit Union harmless from any suits, liability, 
damages or adverse action of any kind that results directly or indirectly from any such use of your account and/or access devices. 

36. CU Rewards.  Additional rules for your CURewards Program Rules that have been provided separately: 1) Points expire annually.  Points earned in 
calendar year one expire on the last day of calendar year five.  2) Points are not earned during any period in which your account is in default.  3)You will 
earn 1000 points at the time of your first purchase.  4) For Visa Platinum Rewards Plus, points will be earned for purchases of gasoline at the rate of 
three points per $1.00 for the first $500.00 of such purchases, and then one point for each subsequent $1.00 spent on gasoline purchases.  Points will 
be earned for purchases of groceries at the rate of two points per $1.00 of such purchases.  Each Point is equal to $0.01 in redeemable value, and are 
redeemable in 5000 point increments.  You may redeem them for cash by calling (800) 242-9790, ext 9915.  

Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010  

Page 5 of 6 

 
 
 
 
 
 
 
 
 
 
 
 
YOUR BILLING RIGHTS STATEMENT 
KEEP THIS NOTICE FOR FUTURE USE 

This Notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.  

NOTIFY US IN CASE OF ERRORS OR QUESTIONS 
ABOUT YOU STATEMENT / BILLING AT: 

PSCU  
PO Box 31112 
Tampa, FL 33631-3112 

If you think your statement is wrong, or if you need more information about a transaction on your statement, you must write to us on a separate sheet of 
paper to the address listed in your periodic statement. You should write to us as soon as possible. We must hear from you no later than 60 days after we 
sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, you 
should give us the following information: 

The dollar amount of the suspected error.  

•  Your name and account number.  
• 
•  Describe the error and explain, if you can, why you believe there is an error.  
• 
If you need more information, describe the item you are not sure about.  

If you have authorized us to pay your credit card bill automatically from your savings or checking account, you can stop payment on any amount you 
think is wrong. To stop the payment, your letter must reach us 3 business days before the automatic payment is scheduled to occur. 

We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain 
why we believe the bill was correct. 

YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR WRITTEN NOTICE: 

After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount 
you question, including FINANCE CHARGES, and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned 
amount while we are investigating, but you are still obligated to pay the parts of the bill that are not in question. 

If we find that we made a mistake on your statement, you will not have to pay the FINANCE CHARGES related to any questioned amount. If we didn’t 
make a mistake, you may have to pay FINANCES CHARGES, and you will have to make up any missed payments on the questioned amount. In either 
case, we will send you a statement of the amount you owe us and the date that it is due. 

If you fail to pay the amount we think you owe us, we may report you as delinquent. However, if our explanation does not satisfy you and you write us 
within 10 days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your statement. And, we must 
tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between you and us when it 
finally is. If we don’t follow these rules, we can’t collect the first $50.00 of the questioned amount, even if the statement was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES: 

If  you  have  a  problem  with  the  quality  of  property  or  services  that  you  purchased  with  a  credit  card,  and  you  have  tried  in  good  faith  to  correct  the 
problem with the merchant, you may have the right not to pay the remaining amount due on the property or services. There are two limitations on this 
right: 

1.  You must have made the purchases in your home state or, if not within your home state, within 100 miles of your current mailing address; and  
2.  The purchase must have been more than $50.00.  

These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the property or services. 

CONTACT INFORMATION 

Lake Michigan Credit Union VISA/MasterCard Department: 
PO Box 2848 
Grand Rapids MI 49501-2848 
Toll Free In-State 1-800-242-9790 

To Report a Lost or Stolen Card 
Call:  1-800-449-7728 

To Close the Account: (SEND WRITTEN NOTICE) 
PO Box 2848 
Grand Rapids MI 49501-2848 

Direct All Other Reports, Requests and Inquiries to: 
PO Box 31112 
Tampa, FL 33631-3112 
616-242-9790 
1-800-654-7728 

Page 6 of 6 

Copyright© 2005, 2008, 2009 by Credit Union Resources and Educational Services, LLC (“CURES, LLC”).  All rights reserved~ 

Revised 01/26/2010