page 1 of 3VISA CREDIT CARD AGREEMENT ANDTRUTH IN LENDING DISCLOSURE
LASER ML FPDF FI11576 Rev 10-2019 COPYRIGHT 2005 Securian Financial Group, Inc. All rights reserved.In this Agreement the words "you" and "your" mean each and all of those who apply for the card or who sign this Agreement and everyone who receives, signs or uses a card issuedunder this account. "Card" means the VISA Credit Card and any duplicates and renewals we issue. "Account" means your VISA Credit Card Line of Credit account with us. "We", "us"and "ours" means this Credit Union.
ResponsibilityIf we issue you a card, you agree to repay all debts and the Interest Chargearising from the use of the card and the card account. For example, you areresponsible for charges made by anyone else to whom you give the card, andthis responsibility continues until the card is recovered. You cannot disclaimresponsibility by notifying us, but we will close the account for new transactionsif you so request and return all cards. Your obligation to pay the account balancecontinues even though an agreement, divorce decree or other court judgment inwhich we are not a party may direct you or one of the other persons responsibleto pay the account. Any person using the card is jointly responsible with you forcharges he or she makes, but if that person signs the card he or she becomes aparty to this Agreement and is also jointly responsible for all charges on theaccount, including yours.Authorized Signer: Anyone who uses your credit cards with your permission.More specifically, someone who has a credit card from your account with theirname on it. An authorized user is not legally responsible for the debt and cannotreceive information regarding the account.Joint Account: An account shared by two or more people. Each person on theaccount is legally responsible for the debt and the account will be reported toeach person's credit report.If Your Card is Lost or Stolen or if an Unauthorized Use OccursYou agree to notify us immediately if your card is ever lost or stolen or if anunauthorized use may have occurred. The telephone number to call duringregular credit union business hours is (800) 562-0999 and (866) 861-5416 onweekends or after business hours. You agree to follow up your call with notice inwriting to us at: Washington State Employees Credit Union, P .O. Box WSECU,Olympia, WA 98507. You also agree to assist us in determining the facts,circumstances and other pertinent information relating to any loss, theft orpossible unauthorized use of your credit card and comply with such proceduresas we may require in connection with our investigation, including assisting in theprosecution of any unauthorized user. You will be liable for any unauthorized useonly if we can prove that you were negligent in your use or handling of yourCredit Card, or if we can prove that you used your Credit Card fraudulently.Using the CardYou may use the card issued to you to make purchases in person, by mail, bytelephone, or by internet from merchants and others who accept VISA creditcards. In addition, you may obtain cash advances from the Credit Union, fromother financial institutions participating in the VISA program and from ATMs(automated teller machines) that participate in the ATM VISA program. You willneed to use your PERSONAL IDENTIFICATION NUMBER (PIN) to obtain acash advance from an ATM.Illegal Use and Internet GamblingYou agree that all transactions that you initiate by use of your VISA Credit Cardare legal in the jurisdiction where you live and/or where the transaction occurred.Internet gambling may be illegal in the jurisdiction in which you are located,including the United States. You may not use the card or account for any illegalor unlawful purpose, and we may decline to authorize any transaction that webelieve may be illegal or unlawful. Display of a payment card logo by an onlinemerchant does not mean that internet gambling transactions are lawful in alljurisdictions in which you may be located. You agree to repay according to theterms of this Agreement all transactions you initiate by use of your Credit Card,whether deemed legal or illegal.Credit Union Business DaysThe Credit Union's business days are Monday - Friday, excluding holidays.Business hours are Monday - Friday 7:00 a.m. - 7:00 p.m.Credit LineIf we approve your application, we will establish a self-replenishing Line of Creditfor you and notify you of its amount when we issue the card. You agree not to letthe account balance exceed this approved Credit Line. Each payment you makeon the account will restore your Credit Line by the amount of the payment whichis applied to principal. You may request an increase in your Credit Line only bywritten application to us, which must be approved by our credit committee orloan officer. By giving you written notice our credit committee may reduce yourCredit Line from time to time, or with good cause, revoke your card andterminate this Agreement. Good cause includes your failure to comply with thisAgreement, suspected fraud, or our adverse reevaluation of yourcreditworthiness. You may also terminate this Agreement at any time, buttermination by either of us does not affect your obligation to pay the accountbalance. The cards remain our property and you must recover and surrender tous all cards upon our request and upon termination of this Agreement.Monthly PaymentWe will mail you a statement every month showing your previous balances ofpurchases and cash advances, the current transactions on your account, theremaining credit available under your credit line, the new balances of purchasesand cash advances, the total new balance, the Interest Charge due to date, andthe minimum payment required. Every month you must pay at least theminimum payment by the due date indicated on your statement. If late, we willassess, and you will pay a late payment fee as disclosed to you on your VisaDisclosures, or as amended. You may, of course, pay more frequently, pay morethan the minimum payment, or pay the total new balance in full, and you willreduce the Interest Charge by doing so. The minimum payment will be thegreater of 2.5% of your New Balance rounded to the nearest dollar, or $25.00. Ifyour outstanding balance is $25.00 or less you agree to pay the balance in full,plus any portion of the minimum payment(s) shown on prior statement(s) whichremains unpaid. In addition, at any time your total new balance exceeds yourcredit line, you must immediately pay the excess upon our demand. We mayaccept checks marked "payment in full" or with words of similar effect withoutlosing any of our rights to collect the full balance of your account with us.Skip PaymentIf we make a skip payment option available, you may skip making yourpayment(s) for certain month(s). If you choose this option, interest will continueto accrue, but no late payment charges will be imposed during the skip period.All credit terms applicable immediately prior to the skip period will again applyonce the skip period has expired.Credit InformationYou authorized us to investigate your credit standing when opening, renewing orreviewing your account, and you authorize us to disclose information regardingyour account to credit bureaus and other creditors who inquire of us about yourcredit standing, to the extent authorized in our By-Laws.Interest ChargesYou can avoid Interest Charges on purchases or balance transfers by payingthe full amount of the New Balance of Purchases or Balance Transfers eachmonth on or before your payment due date. Otherwise, the New Balance ofPurchases or Balance Transfers, and subsequent purchases or balancetransfers from the date they are posted to your account, will be subject to anInterest Charge. Cash Advances - An Interest Charge will be imposed on cashadvances from the date each cash advance is made. There is no time periodwithin which to pay to avoid a periodic Interest Charge on cash advances. Inaddition to the Interest Charge imposed by applying the periodic rate, a cashadvance fee (Interest Charge) equal to the lesser of 2% of the cash advanceamount or $25.00 will be imposed on each cash advance. An Interest Charge iscalculated at the ANNUAL PERCENTAGE RATE disclosed to you on your Visa Disclosures or as amended on the average daily principal balance of purchases,cash advances or balance transfers you make and debit adjustments the creditunion makes during the statement period. The daily principal balances aretotaled, and divided by the number of days in the statement period to produceseparate average daily principal balances for purchases, cash advances, andbalance transfers to which the periodic rate is then applied.Other ChargesYour account will be subject to other charges as disclosed to you on your VisaDisclosures or as amended. These charges may be changed by us from time totime in accordance with applicable law.
Washington State Employees Credit Union
P.O. Box WSECUOlympia, WA 98507(800) 562-0999 page 2 of 3In this Agreement the words "you" and "your" mean each and all of those who apply for the card or who sign this Agreement and everyone who receives, signs or uses a card issuedunder this account. "Card" means the VISA Credit Card and any duplicates and renewals we issue. "Account" means your VISA Credit Card Line of Credit account with us. "We", "us"and "ours" means this Credit Union.
DefaultYou may be in default if you fail to make any Minimum Payment on or before yourpayment due date. You will also be in default if your ability to repay the credit unionis materially reduced by a change in your employment, an increase in yourobligations, bankruptcy or insolvency proceedings involving you, your death, oryour failure to abide by this Agreement, or if the value of the credit union's securityinterest materially declines. The Credit Union has the right to demand immediatepayment of your full account balance if you default, subject to the credit uniongiving you any notice required by law. To the extent permitted by law, you will alsobe required to pay the Credit Union's collection expenses, including court costsand reasonable attorney's fees.Suspension of electronic services and access to share or deposit accountsSubject to applicable law, we may suspend some or all electronic services andaccess to your checking or other account(s) if you become delinquent on any ofyour credit card or deposit obligations to us or you cause a loss to us. We shall notbe liable to you in any regard in connection with such suspension of services.Returns, Adjustments, and OverpaymentMerchants and others who honor the credit card may give credit for returns oradjustments, and they will do so by submitting a credit voucher which will post toyour account.  If your credit voucher and/or payments exceed what you owe us,we will post the credit balance to your credit card. If the credit stays on youraccount for 60 days or more the funds will be transferred to your share account.WSECU will not accept overpayment to inflate the credit limit.Foreign Transactions; Currency ConversionPurchases and cash advances made in foreign currencies will be billed to you inU.S. dollars. The conversion rate in dollars will be a rate selected by the cardcompany from a range of rates available in wholesale currency markets for theapplicable central processing date, which rate may vary from the rate the cardcompany itself receives, or the government-mandated rate in effect for theapplicable central processing date in each instance.Plan Merchant DisputesWe are not responsible for the refusal of any plan merchant or financial institutionto honor your card. We are subject to claims and defenses other than tort claimsarising out of goods or services you purchase with the card only if you have madea good faith attempt, but have been unable to obtain satisfaction from the planmerchant, and: (a) your purchase was made in response to an advertisement wesent or participated in sending you; or (b) your purchase cost more than $50 andwas made from a plan merchant in your state or within 100 miles of your home.Any other disputes you must resolve directly with the plan merchant.Security InterestTo secure your account, you grant us a purchase money security interest underthe Uniform Commercial Code in any goods you purchase through the account. Ifyou default, we will have the right to recover any of those goods which have notbeen paid for through our application of your payment in the manner described inthe Monthly Payment section on page 1 of this document. With respect to thisaccount only, we will not assert any statutory right we may have if you are indefault to prevent withdrawal of your unpledged Credit Union shares (deposits)below the unpaid balance of your account.Effect of AgreementThis Agreement is the contract which applies to all transactions on your accounteven though the sales, cash advance, credit or other slips you sign or receivemay contain different terms. Subject to applicable law, we may amend thisAgreement from time to time by sending you the advance written notice requiredby law. Your use of the card thereafter will indicate your agreement to theamendments. To the extent the law permits, and we indicate in our notice,amendments will apply to your existing account balance as well as to futuretransactions.No WaiverThe Credit Union can delay enforcing any of its rights any number of timeswithout losing the ability to exercise those rights in the future.Statements and NoticesStatements and notices will be mailed to you at the most recent address youhave given the Credit Union. Notices sent to any one of you will be considerednotice to all.Final ExpressionThis Agreement is the final expression of the terms and conditions of this VISAline of credit between you and the Credit Union. This written Agreement may notbe contradicted by evidence of any alleged oral agreement.Record KeepingYou hereby agree that the credit union may keep the portion of the Agreementwhich bears your signature so we can comply with federal and/or state lawrelating to loan documents the credit union is required to keep in its file.Non-TransferabilityI agree that my account(s) are not assignable or transferable except to theCredit Union unless specifically authorized in writing by you.No Liability for DishonorThe Credit Union will not have any responsibility or liability to me or othersrelating to the dishonor or other return of any check, draft, ACH transaction orother order occurring as a result of you exercising your lien rights or freezingany accounts in order to protect or preserve such rights.Negative Information NoticeWe may report information about your account to credit bureaus. Latepayments, missed payments, or other defaults on your account may bereflected in your credit report.Our Communications With YouYou agree that we (and our affiliates, agents, and contractors) may monitor orrecord any calls between you and us. If we need to contact you to service youraccount or to collect amounts you owe to us, you authorize us (and our affiliates,agents, and contractors) to contact you at any number (i) you have provided tous (ii) from which you called us, or (iii) which we obtained and believe we canreach you at. We may contact you in any way, such as calling, texting, or email.We may contact you using an automated dialer or using pre- recordedmessages. We may contact you on a mobile, wireless, or similar device, even ifyou are charged for it by your provider.NOTICE TO UTAH BORROWERS: This written agreement is a final expressionof the agreement between you and the Credit Union. This written agreementmay not be contradicted by evidence of any oral agreement.
THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.
YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITY INTERESTIN ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE WITH US NOWAND IN THE FUTURE TO SECURE REPAYMENT OF CREDIT EXTENDEDUNDER THIS AGREEMENT. YOU ALSO AGREE THAT WE HAVE SIMILARSTATUTORY LIEN RIGHTS UNDER STATE AND/OR FEDERAL LAW. IFYOU ARE IN DEFAULT, WE CAN APPLY YOUR SHARES TO THEAMOUNT YOU OWE.Shares and deposits in an Individual Retirement Account or any other accountthat would lose special tax treatment under state or federal law if given are notsubject to this security interest.If you have other loans with us, collateral securing such loans will also secureyour obligations under this Agreement, unless that other collateral is yourprincipal residence or non-purchase money household goods.If you are covered borrower at the time of application (as defined in the MilitaryLending Act, 10 U.S.C. 987 and implementing regulations), this section willonly apply once you are no longer considered a covered borrower.
LASER ML FPDF FI11576 Rev 10-2019 COPYRIGHT 2005 Securian Financial Group, Inc. All rights reserved. page 3 of 3What Will Happen After We Receive Your LetterWhen we receive your letter, we must do two things:1.2.3.This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.What To Do If You Find A Mistake On Your StatementIf you think there is an error on your statement, write to us at the address(es)listed on your statement.In your letter, give us the following information:
1.2.3.If you are dissatisfied with the goods or services that you have purchasedwith your credit card, and you have tried in good faith to correct the problemwith the merchant, you may have the right not to pay the remaining amountdue on the purchase. To use this right, all of the following must be true:
After we finish our investigation, one of two things will happen:--
If all of the criteria above are met and you are still dissatisfied with thepurchase, contact us in writing at the address(es) listed on your statement.While we investigate, the same rules apply to the disputed amount asdiscussed above. After we finish our investigation, we will tell you ourdecision. At that point, if we think you owe an amount and you do not pay, wemay report you as delinquent.The purchase must have been made in your home state or within 100miles of your current mailing address, and the purchase price must havebeen more than $50. (Note: Neither of these are necessary if yourpurchase was based on an advertisement we mailed to you, or if we ownthe company that sold you the goods or services.)You must have used your credit card for the purchase. Purchases madewith cash advances from an ATM or with a check that accesses your creditcard account do not qualify.You must not yet have fully paid for the purchase.You must contact us:
We cannot try to collect the amount in question, or report you asdelinquent on that amount.The charge in question may remain on your statement, and we maycontinue to charge you interest on that amount.While you do not have to pay the amount in question, you are responsiblefor the remainder of your balance.We can apply any unpaid amount against your credit limit.If we made a mistake: You will not have to pay the amount in question orany interest or other fees related to that amount.----While we investigate whether or not there has been an error:Your name and account number.The dollar amount of the suspected error.If you think there is an error on your bill, describe what you believe iswrong and why you believe it is a mistake.Your Rights If You Are Dissatisfied With Your Credit Card Purchases
-Within 60 days after the error appeared on your statement.At least 3 business days before an automated payment is scheduled, ifyou want to stop payment on the amount you think is wrong.You must notify us of any potential errors in writing. You may call us, but if youdo, we are not required to investigate any potential errors and you may haveto pay the amount in question.YOUR BILLING RIGHTS: KEEP THIS DOCUMENT FOR FUTURE USE
If you receive our explanation but still believe your bill is wrong, you mustwrite to us within 10 days telling us that you still refuse to pay. If you do so,we cannot report you as delinquent without also reporting that you arequestioning your bill. We must tell you the name of anyone to whom wereported you as delinquent, and we must let those organizations know whenthe matter has been settled between us.If we do not follow all of the rules above, you do not have to pay the first $50of the amount you question even if your bill is correct.If we do not believe there was a mistake: You will have to pay the amountin question, along with applicable interest and fees. We will send you astatement of the amount you owe and the date payment is due. We maythen report you as delinquent if you do not pay the amount we think youowe.-
Within 30 days of receiving your letter, we must tell you that we receivedyour letter. We will also tell you if we have already corrected the error.Within 90 days of receiving your letter, we must either correct the error orexplain to you why we believe the bill is correct.1.2.3.This loan will not be secured by a consensual lien on shares or deposits in any of your accounts unless you agree to establish an account in connectionwith this loan (�Secured Account�). Only funds deposited into the Secured Account after the loan is made will secure this loan. Any cross-collateralizationprovision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subjectto the Military Lending Act.However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply thesums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.The following applies if at the time this loan is made you are an active member of the military or a dependent (as those terms are defined in the MilitaryLending Act (MLA), 10 U.S.C. 987 and its implementing regulations (�MLA�)), and (a) your loan is unsecured or secured by personal property or a vehiclethat you did not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If this loan is a revolvingline of credit or credit card, the MLA ceases to apply at any time during which you are not a member of the military or a dependent (as defined in the MLA).IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:
Any reference in this consumer credit contract to the following are hereby inapplicable to your loan: (a) Mandatory arbitration; (b) Any requirement(s) towaive your rights to legal recourse under any applicable state or federal law; (c) Any demands or requirements construed as unreasonable notice fromyou in order to exercise your legal rights; or (d) Prepayment penalties.2.
4.NOTICE:  Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit.In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums or debt protectionfees; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees forspecified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receivethis notice verbally, please call 1-800-562-0999 extension 66136 during our normal business hours: Monday � Friday 7 am � 7 pm and Saturday 9 am �2 pm PST.1.
Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory tothese disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other termsand conditions of the consumer credit contract shall remain in full force and effect.
LASER ML FPDF FI11576 Rev 10-2019 COPYRIGHT 2005 Securian Financial Group, Inc. All rights reserved.