LOANLINER
PREMIER members™
VISA
VISA PLATINUM AND VISA PLATINUM REWARDS
FEDERAL CREDIT UNION
CONSUMER CREDIT CARD AGREEMENT
In this Agreement, "Agreement" means this Consumer Credit Card Agreement. "Disclosure" means the Credit Card
Account Opening Disclosure. The Account Opening Disclosure is incorporated into this Consumer Credit Card
Agreement and is part of the Agreement. In this 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 agree that your credit limit is the maximum amount (purchases, cash advances, finance charges, plus
"other 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 Credit Union has a program whereby it allows
payment of advances that exceed your credit limit, the Credit Union will provide you with notice, either orally, in
writing, 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 such a program. You may request an
increase in your credit limit only by a method acceptable to the Credit Union. The Credit Union may increase or
decrease your credit limit, refuse to make an advance and/or terminate your account at any time for any reason not
prohibited by law. If you are permitted to obtain 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 make a
payment on your account balance. If you use a convenience check, it will be posted to your account as a cash
advance. We reserve the right to refuse to pay a convenience check drawn on your account for any reason and
such refusal shall not constitute wrongful dishonor.
You may request that we stop the payment of a convenience check drawn on your account. You agree to pay any
fee imposed to stop a payment on a convenience check issued on your account. You may make a stop payment
request orally, if permitted, or in writing. Your request must be made with sufficient time in advance of the
presentment of the check for payment to give us a reasonable opportunity to act on your request. In addition, your
request must accurately describe the check including the exact account number, the payee, any check number that
may be applicable, 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 request in writing within that time. Written stop
payment orders are effective only for six (6) months and may be renewed for additional six month periods by
requesting in writing that the stop payment 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 stop
payment order, you agree to sign a statement describing the dispute with the payee, to assign to us all of your
rights against the payee or other holders of the check or draft and to assist us in any legal action. You agree to
indemnify and hold us harmless from all costs and expenses, including attorney's fees, 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 understand that the use of your credit card will constitute acknowledgement of
receipt and agreement to the terms of the Credit Card Agreement and Credit Card Account Opening Disclosure
(Disclosure). You may use your card to make purchases from merchants and others who accept your card. The
credit union is not responsible for the refusal of any merchant or financial institution to honor your card. If you wish
to pay for goods or services over the Internet, you may be required to provide card number security information
before you will be permitted to complete the transaction. In addition, you may obtain cash advances from the Credit
Union, from other financial institutions that accept your card, and from some automated teller machines (ATMs).
(Not all ATMs accept your card.) If the credit union authorizes ATM transactions with your card, it will issue you a
personal identification number (PIN). To obtain cash advances from an ATM, you must use the PIN issued to you
for use with your card. You agree that you will not use your card for any transaction that is illegal under applicable
federal, state, or local law. Even if you use your card for an illegal transaction, you will be responsible for all
amounts and charges incurred in connection with the transaction. If you are permitted to obtain cash advances on
your account, you may also use your card to purchase instruments and engage in transactions 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. This paragraph shall not be
interpreted as permitting or authorizing any transaction that is illegal.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
3. PROMISE TO PAY - You promise to pay all charges (purchases, cash advances, balance transfers, use 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 account under the terms of
this Agreement or another agreement you made with the Credit Union. If this is a joint account, the paragraph on
JOINT ACCOUNTS also applies to your account.
4. PERIODIC RATES - The periodic rates applicable to purchases, cash advances, and balance transfers are
disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to
make a payment by the payment due date is also disclosed on the Disclosure. The rate charged on purchases,
cash advances, balance transfers, and any penalty rate will not vary from month to month unless we notify you in
advance that the rate(s) will change as required by law. If the rate for your account is variable, as indicated on the
accompanying Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate
will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on your account
for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the
rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates
and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the
Introductory 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 cycle will not incur a finance
charge for that billing cycle if you had a zero or credit balance at the beginning of that billing cycle, or you paid the
entire new balance on the previous cycle's billing statement by the payment due date of that statement; otherwise
a
finance charge will accrue from the date a purchase is posted to your account. To avoid an additional finance
charge on the balance of purchases, you must pay the entire new balance on the billing statement by the payment
due date of that statement. A finance charge begins to accrue on cash advances from the date you get the cash
advance or from the first day of the billing cycle in which the cash advance is posted to your account, whichever is
later.
The finance charge is calculated separately for purchases and cash advances. For 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, add any new purchases,
and subtract any payments and/or credits. 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. Balance transfers are calculated in the same manner as
purchases.
For cash advances, the finance charge is computed by applying the periodic rate to the average daily balance of
cash advances. To get the average daily balance of cash advances, we take the beginning outstanding balance of
cash advances each day, add in any new cash advances, and subtract any payments and/or credits that we apply
to
the cash advance balance. This gives us the daily balance of cash advances. Then, we add all the daily
balances of cash advances 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 cash advances.
6. FOREIGN TRANSACTIONS - Purchases and cash advances made in foreign currencies will be debited 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 may vary from the rate Visa itself receives
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 (finance charge), calculated in U.S. dollars, will be imposed on all multiple currency foreign transactions,
including purchases, cash advances and credits to your account. A fee (finance charge), calculated in U.S. dollars,
will be imposed on all single currency 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 United States, with the exception of U.S. military bases, U.S. territories, 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 account, the fee amounts and explanations are disclosed on the Disclosure accompanying this
Agreement. 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 added to your account upon the
issuance of your card. Each year following, the annual fee will be added 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. Balance Transfer Fee. If your account is subject to a Balance Transfer Fee, the fee will be added to your
account when you transfer a balance from an account of another creditor to the account subject to this Agreement.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
C. Cash Advance Fee (Finance Charge). If your account is subject to a Cash Advance Fee (finance charge), the
fee will be added to your account when you obtain a cash advance from an ATM, the Credit Union or other financial
institution.
d. Foreign Transaction Fee (Finance Charge). If your account is subject to a Foreign Transaction Fee (finance
charge), a fee may be added to your account for transactions made outside of the United States or in a foreign
currency. Transactions made in a foreign currency using a Visa branded card or processed by a network operated
or affiliated with Visa will be subject to a fee as set forth on the Disclosure accompanying this Agreement.
e. Late Payment Fee. If your account is subject to a Late Payment Fee, the fee will be added 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.
f.
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 obtained an additional extension of credit in excess 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.
g. Returned Payment Fee. If your account is subject to a Returned Payment Fee, the fee will be added to your
account when a payment is returned to you for any reason.
h. Rush Fee. If your account is subject to a Rush Fee, except as limited by applicable law, a fee may be added to
your account for each rush card that you request, providing delivery of the card is also available by standard mail
service, without paying a fee for delivery.
i.
Inactivity Fee. If your account is subject to Inactivity Fee, a fee will be added to your account as disclosed on
the Disclosure accompanying this Agreement.
8. PAYMENTS - Each month you must pay at least the minimum payment shown on your statement by the date
specified on the statement. You may pay more frequently, pay more than the minimum payment or pay the total
new balance in full. If you make extra or larger payments, you are still required to make at least the minimum
payment each month your account has a balance (other than a credit balance). For our Visa Platinum, the minimum
payment is 2.50% of your total new balance, or $25.00, 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. For our Visa Platinum Rewards,
the minimum payment is 2.50% of your total new balance, or $25.00, 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 amount of any prior minimum payment(s)
that you have not made, all outstanding unpaid fees and charges, and any amount you are over your credit limit.
The Credit Union also has the right to demand immediate payment of any amount by which you are over your credit
limit.
9.
PAYMENT ALLOCATION - Subject to applicable law, your payments may be applied to what you owe 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 allocate the excess amount first to the
balance with the highest annual percentage rate and any remaining portion to the other balances in descending
order based on applicable annual percentage rate.
10. SECURITY INTEREST - You grant the Credit Union a security interest under the Uniform Commercial Code
and under any common law rights the Credit Union may have in any goods you purchase. If you give the Credit
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 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 minimum payment or other required 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 bankruptcy 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 has the right to demand immediate payment of your full account balance
without giving you notice. If immediate payment is demanded, you agree to continue paying finance charges at the
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
periodic rate charged before default, until what you owe has been paid, and any 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 may be liable for
the
unauthorized use of your credit card. Notify us immediately, in writing or by telephone at the address or phone
number on the Disclosure included with this Agreement, if your card is lost, stolen or you suspect there has been
unauthorized use of your card or account. After we receive your notification, you will not be liable for any further
unauthorized use of your card or account. You will not be liable for unauthorized use that occurs after you notify us
of the loss, theft, or possible unauthorized use. You will have no liability for unauthorized purchases made with your
credit card, unless 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 - 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 and specified in the notice to you, the change will apply to your existing account
balance as well as to future transactions.
Either you or the Credit Union may terminate this Agreement at any time, but termination by you or the Credit Union
will not affect your obligation to pay the account balance plus any finance and other charges you owe under this
Agreement. You are also responsible for all transactions 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 Agreement whether by you or the Credit Union. The
Credit Union has the right to require you to pay your full account balance at any time after your account is
terminated, whether it is terminated by you or the Credit Union. If this is a joint 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 may issue additional cards
for authorized users that you designate. You must notify us in writing of any termination of an authorized user's right
to access your account. Your letter must include the name of the authorized user and your account number and/or
any subaccount number issued to the authorized user along with the authorized user's card and any convenience
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
investigate
your
credit standing when opening or reviewing your account. You authorize the Credit Union to disclose information
regarding your account to credit bureaus and creditors who inquire about your credit standing. If your account is
eligible for emergency cash and/or emergency card replacement services, and you request such services, you
agree that we may provide personal information about you and your account that is necessary to provide you with
the requested service(s).
16. 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 six (6) months.
17. ADDITIONAL BENEFITS/CARD ENHANCEMENTS - The Credit Union may from time to time offer additional
services to your account, such as travel accident insurance, at no additional cost to you. You understand that the
Credit 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 is subject to claims and defenses (other than tort claims) arising out
of goods or services you purchase with the card if you have made a good faith attempt but have been unable to
obtain satisfaction 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 account, each person on the account will be individually and jointly
responsible for paying all amounts owed under this Agreement. This means that the Credit Union can require any
one of you individually to repay 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.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
23. SEVERABILITY AND FINAL EXPRESSION - This Agreement and the Disclosure are the 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 Agreement or the Disclosure be found to be invalid
or unenforceable, all other parts of this Agreement and Disclosure shall remain in effect and fully enforceable to the
fullest extent possible under this Agreement.
24. COPY RECEIVED - You acknowledge that you have received a copy of this Agreement and Disclosure.
25. INTERNET GAMBLING TRANSACTIONS PROHIBITED - You may not use your card to initiate any type of
electronic gambling transaction through the Internet.
26. PENALTY RATE DISCLOSURES - All rates for your account, including the rates for purchases, cash
advances, and balance transfers, will automatically increase to the Penalty Rate disclosed on the Disclosure
accompanying this Agreement when you 1) do not make a payment on time, 2) go over your credit limit, and/or 3)
when a payment you make is returned. Please see the Disclosure for the conditions under which a Penalty Rate
will be applied.
The rates for purchases, cash advances and balance transfers will automatically revert to the rates then in effect for
those balances when you meet the conditions that appear on the Disclosure.
27. NOTIFICATION INFORMATION FOR REPORTING LOST, STOLEN AND UNAUTHORIZED USE OF CARD
- You agree to notify us immediately, orally or in writing, at 5495 Arapahoe Ave., Boulder, CO 80303 or telephone
(303) 657-7000 Monday through Friday 7:30 a.m. to 6:00 p.m. or (800) 468-0634 Monday through Friday 7:30 a.m.
to 6:00 p.m., of the loss, theft, or unauthorized use of your credit card.
28. 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.
29. 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.
30. NOTICE TO ALABAMA BORROWERS - CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ
THIS AGREEMENT BEFORE YOU SIGN IT.
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.
WHAT TO DO IF YOU THINK YOU FIND A MISTAKE ON YOUR STATEMENT - If you think there is an error on
your statement, write to us at the address listed on your statement.
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.
You must notify us of any potential errors in writing (or electronically). You may call us, but if you do we are not
required to investigate any potential errors and you may have to pay the amount in question.
While we investigate whether or not there has been an error, the following are true:
We cannot try to collect the amount in question, or report you as delinquent on that amount.
The charge in question may remain on your statement, and we may continue to charge you interest on that
amount. But, if we determine that we made a mistake, you will not have to pay the amount in question or any
interest or other fees related to 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.
YOUR RIGHTS IF YOU ARE DISSATISFIED WITH YOUR CREDIT CARD PURCHASES - If you are dissatisfied
with the goods or services that you have purchased with your 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 purchase.
To use this right, all of the following must be true:
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 $50.00. (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.)
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.
You must not yet have fully paid for the purchase.
If
all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing (or
electronically) at the address listed on your statement.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our
investigation, we will tell you our decision. At that point, if we think you owe an amount and you do not pay we may
report you as delinquent.
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
(2) limitations on this right:
You must have made the purchase in your home state or, if not within your home state, within 100 miles of your
current mailing address; and
The purchase price 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.
©CUNA MUTUAL GROUP, 1991, 2006, 09, ALL RIGHTS RESERVED
DCOBZ0 (MXC500 CCM000)
m
LOANLINER
PREMIER members™
VISA
FEDERAL CREDIT UNION
VISA PLATINUM REWARDS
CREDIT CARD ACCOUNT OPENING DISCLOSURE
This Addendum is incorporated into and becomes part of your LOANLINER R 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
18.00%
Purchases
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances
18.00%
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers
18.00 %
This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies
18.00%
This APR may be applied to the entire balance on your account if you:
Make a Late Payment
How Long Will the Penalty APR Apply? If your APRs are increased
for any of these reasons, the Penalty APR will apply until you make six
(6) consecutive minimum payments when due and do not exceed your
credit limit during that time period.
How to Avoid Paying Interest on Purchases
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.
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
PIN Replacement Fee
None
Transaction Fees
Balance Transfer Fee
5.00
or
2.5% of the amount of each transfer, whichever is
greater (max. fee: $50.00)
Cash Advance Fee
$5.00 or 2.50 % of the amount of each cash advance, whichever
is greater (max. fee of $50.00)
Foreign Transaction Fee
1.00% of each multiple currency transaction in U.S. dollars
0.80% of each single currency transaction in U.S. dollars
Transaction Fee for Purchases
None
Penalty Fees
Late Payment Fee
$35.00
if you are five (5) or more days late
Over-the-Credit-Limit Fee
$35.00
(if applicable)
Returned Payment Fee
$10.00
per returned payment
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 our rights to dispute transactions and how to exercise those rights is provided in your
account Agreement.
©CUNA MUTUAL GROUP, 2009, ALL RIGHTS RESERVED
DCOCAO (MXC450 C CCM000)
SEE BACK OF PAGE for more important information about your account.
OTHER DISCLOSURES
Other Fees
Rush Fee
$25.00
per request
Collection Costs. You agree to pay all costs of collecting the amount you owe under this Agreement, including court
costs and reasonable attorney's fees.
Collection Costs for credit unions lending to borrowers in Colorado. You agree to pay all costs of collecting the
amount you owe under this Agreement, including court costs and reasonable attorney's fees paid to an individual who is
not an employee of the Credit Union. The attorney's fees you pay will not exceed 15.00% of the unpaid debt after default.
Collection Costs for credit unions lending to borrowers in Idaho. You agree to pay all costs of collecting the amount
you owe under this Agreement, including court costs and, if the amount you borrowed was greater than $1,000.00,
reasonable attorney's fees.
Collection Costs for credit unions lending to borrowers in Kansas. You agree to pay all costs of collecting the
amount you owe under this Agreement, including court costs and reasonable attorney's fees paid to an individual who is
not an employee of the Credit Union. The attorney's fees you pay will not exceed 15.00% of the unpaid debt after default.
Collection Costs for credit unions lending to borrowers in Oklahoma. You promise to pay all costs of collecting the
amount you owe under this Agreement. These costs include reasonable attorney's fees not in excess of 15.00% of the
unpaid debt after default and referral to an attorney, not a salaried employee of the Credit Union, unless you borrowed
$1,000.00 or less at an interest rate greater than 10.00% per year.
Collection Costs for credit unions lending to borrowers in South Dakota. You promise to pay all costs of collecting
the amount you owe under this Agreement to the extent permitted by state law.
Collection Costs for credit unions lending to borrowers in Wyoming. You promise to pay all costs of collecting the
amount you owe under this Agreement. These costs will include reasonable attorney's fees unless you borrowed
$1,000.00 or less at an interest rate greater the 10.00% per year.
Periodic Rates.
The Purchase APR is 18.00% which is a daily periodic rate of 0.0493%.
The Cash Advance APR is 18.00% which is a daily periodic rate of 0.0493%.
The Balance Transfer APR is 18.00% which is a daily periodic rate of 0.0493%.
The Penalty Rate APR is 18.00 which is a daily periodic rate of 0.0493%.
Variable Rate.
The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing cycle quarterly to reflect any
change in the Index and will be determined by the Prime Rate on the 15th day of the prior month, rounded the nearest
0.25%, of each year as published in The Wall Street Journal "Money Rates" table at which we add a margin. The
ANNUAL PERCENTAGE RATE will never be less than 10.90% nor greater than 18.00%. Any increase in the ANNUAL
PERCENTAGE RATE will take the form of additional payments shown as Total Minimum Payments on the statement. If
the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.
The member's APR may be reviewed and changed, from time to time. Notice of any change will be given in accordance
with applicable law. The APR is based on multiple criteria the credit union, at its discretion, believes is relevant.
Margin.
Purchases will be charged at 14.90% above the Index.
Cash advances will be charged at 17.90% above the Index.
Balance transfers will be charged at 14.90 % above the Index.
DCOCAO (MXC450)-e