CREDIT CARD AGREEMENT

IN THIS AGREEMENT, "YOU" AND "YOUR" MEAN ANY PERSON WHO ACCEPTS THIS AGREEMENT OR USES THE CARD. THE "CARD" MEANS ANY CREDIT CARD ISSUED TO YOU OR THOSE DESIGNATED BY YOU UNDER THE TERMS OF THIS
AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS EVANSVILLE TEACHERS FEDERAL CREDIT UNION AND LIBERTY FINANCIAL, A DIVISION OF EVANSVILLE TEACHERS FEDERAL CREDIT UNION, OR ITS SUCCESSORS. BY
USING YOUR CARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.

THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR THE ISSUANCE OF
CREDIT UNDER THIS AGREEMENT.
YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL  SECURITY  INTEREST  IN  ALL
INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE WITH US NOW AND IN THE FUTURE TO
SECURE  REPAYMENT  OF  CREDIT  EXTENDED  UNDER  THIS AGREEMENT.  YOU ALSO
AGREE  THAT  WE  HAVE  SIMILAR  STATUTORY  LIEN  RIGHTS  UNDER  STATE  AND/OR
FEDERAL  LAW.  IF  YOU  ARE  IN  DEFAULT,  WE  CAN  APPLY  YOUR  SHARES  TO  THE
AMOUNT YOU OWE.
Shares and deposits in an Individual Retirement Account or any other account that would lose
special tax treatment under state or federal law if given are not subject to this security interest.

If you have other loans with us, collateral securing such loans will also secure your obligations
under  this Agreement,  unless  that  other  collateral  is  your  principal  residence  or  non-purchase
money household goods.

Using Your Card. You can purchase or lease goods and services from any merchant who honors
your  Card,  and  you  may  obtain  cash  advances  from  financial  institutions  and ATM  machines  that
accept the Card, up to your maximum credit limit and subject to daily limits. You agree not to present
your Card or obtain a cash advance for any extension of credit in excess of your available credit limit;
however, if you do exceed your credit limit, you agree to make immediate payment sufficient to bring
the balance below the credit limit. 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.
Personal Identification Number (PIN). We may issue a Personal Identification Number (PIN) for use
with your Card. This PIN is confidential and should not be disclosed to anyone. You may use your PIN
and your Card to access your account, and all sums advanced will be added to your account balance.
In the event a use of your PIN constitutes an Electronic Funds Transfer, the terms and conditions of
your Electronic Funds Transfer Agreement may affect your rights.
Promise To Pay. You  promise  to  pay  us  in  U.S.  dollars  for  (a)  all  purchases,  cash  advances,  and
balance  transfers  made  by  you  or  anyone  whom  you  authorize  to  use  the  Card;  (b)  all  Interest
Charges  and  all  other  charges  or  fees;  (c)  collection  costs  and  attorney's  fees  as  permitted  by
applicable law, and any costs incurred in the recovery of the Card; and (d) credit in excess of your
credit limit that we may extend to you.
Illegal Transactions. You agree that your Card and account will not be used to make or facilitate any
illegal transactions as determined by applicable law; and that any such use will constitute an event of
default  under  this Agreement.  We  may  decline  any  transaction  that  we  believe  to  be  illegal  under
applicable law, including but not limited to any transaction involving or relating to any gambling activity.
You agree that we will have no liability or responsibility for any such use by you or any authorized
user(s); or for declining any such transaction. You further agree to indemnify and hold us harmless
from any suits, liability, damages or adverse action of any kind that results directly or indirectly from
such illegal use. You promise to pay us any and all amounts owing on your Card for any transactions
made by you, even if the transaction is determined to be illegal.
Joint Accounts. Each of you will be responsible, jointly and severally, for the repayment of amounts
owed, regardless of who initiated any transaction under the account.
Others Using Your Account. If you allow anyone else to use your account, you will be liable for all
credit extended to such persons. You promise to pay for all purchases and advances made by anyone
you  authorize  to  use  your  account,  whether  or  not  you  notify  us  that  he  or  she  will  be  using  it.  If
someone else is authorized to use your account and you want to end that person's privilege, you must
notify us in writing, and if he or she has a Card, you must return that Card with your written notice for it
to be effective.
Ownership of Card. Your Card remains our property and may be cancelled by us at any time without
notice. You agree to surrender your Card and to discontinue use of the account immediately upon our
request.
Interest Charges. You agree to pay interest at the rate(s) disclosed to you at the time you open your
account and as may be changed from time to time in accordance with applicable law. Average Daily
Balance including new transactions (applies to Cash Advances): Interest Charges will accrue on your
average daily balance outstanding during the month. To get the average daily balance, we take the
beginning  balance  each  day,  add  any  new  purchases,  cash  advances,  balance  transfers  or  other
advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives
us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the
number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the
Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or
balance  transfers,  separate  average  daily  balances  for  each  will  be  calculated  and  the  appropriate
periodic rate is then applied to each. Average Daily Balance excluding new transactions (applies to
Purchases  and  Balance  Transfers):  Interest  Charges  will  accrue  on  your  average  daily  balance
outstanding during the month. To get the average daily balance, we take the beginning balance each
day  (excluding  new  purchases),  and  subtract  any  payments  and  credits.  This  gives  us  the  daily
balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of
days  in  the  billing  cycle.  We  then  multiply  that  by  the  periodic  rate  corresponding  to  the  Annual
Percentage Rate on your account.

Grace Period on Purchases Only: You can avoid Interest Charges on purchases by paying the full
amount  of  the  new  balance  for  purchases  each  month  by  the  date  on  which  the  payment  is  due.
Otherwise, the new balance of your account, and subsequent advances from the date they are posted
to  the  account,  will  be  subject  to  an  Interest  Charge.  You  cannot  avoid  Interest  Charges  on  cash
advances and balance transfers; even if you pay the entire cash advance balance or balance transfer
balance by the payment due date, you will incur the Interest Charges accrued from the date the cash
advance or balance transfer is posted to your account.
Fees. In addition to the Interest Charges set forth above, you agree to also pay any and all fees that
you incur as disclosed to you on your Truth-in-Lending Statement or similar disclosures (as may be
amended from time to time), or as disclosed to you during the term of your Card.
If  Your  Card  is  Lost  or  Stolen  or  if  an  Unauthorized  Use  Occurs.  You  agree  to  notify  us
immediately  if  your  Card  is  ever  lost  or  stolen  or  if  an  unauthorized  use  may  have  occurred.
"Unauthorized use" means the use of the Card by someone other than you who does not have actual,
implied  or  apparent  authority  for  such  use,  and  from  which  you  receive  no  benefit.  The  telephone
number to call is (800) 800-9271. You agree to follow up your call with notice in writing to us at: PO
Box 5129, Evansville, IN 47716. You also agree to assist us in determining the facts, circumstances
and other pertinent information relating to any loss, theft or possible unauthorized use of your Card
and  comply  with  such  procedures  as  we  may  require  in  connection  with  our  investigation. You  will
have no liability for Mastercard® transactions not authorized by you, provided that you have exercised
reasonable care in safeguarding the Card from risk of loss or theft, and upon becoming aware of such
loss or theft, you promptly report the loss or theft to us.
Minimum Payment Due; Crediting of Payments. Payments are due in the amount and on the date
disclosed  on  your  billing  statement.  If  your  payment  is  received  by  us  on  a  business  day  at  the
address and by the time designated on the billing statement, it will be credited to your account on the
date of receipt. If payment is made at any location other than the address designated on the periodic
statement, credit for such payment may be delayed up to five (5) days. Payments will be applied in
any order we determine, subject to applicable law.
Default; Acceleration; Credit Suspension; Collection Costs. You will be in default if: (1) you fail to
make any payment on time; (2) if you fail to keep any promises you have made under this Agreement
or under other Agreements you have with us; (3) if you die; (4) if you file a petition in bankruptcy or
have a bankruptcy petition filed against you, or if you become involved in any insolvency, receivership
or custodial proceeding; (5) if anyone attempts to take any of your funds held by us via legal process
or  if  you  have  a  judgment  or  tax  lien  filed  against  you;  (6)  if  you  make  any  false,  inaccurate,  or
misleading statements in any credit application or credit update; or (7) if we, in good faith, believe that
your ability to repay what you owe is or soon will be impaired, or that you are unwilling to make your
payments.

If you are in default, we have 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 interest
charges and fees 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.  You  agree  to  pay  all  reasonable  costs  of
collection,  including  court  costs  and  attorney's  fees,  and  any  costs  incurred  in  the  recovery  of  the
Card, subject to applicable law. Even if your unpaid balance is less than your credit limit, you will have
no credit available during any time that any aspect of your account is in default.
Suspension  of  electronic  services  and  access  to  share  or  deposit  accounts.  Subject  to
applicable law, we may suspend some or all electronic services and access to your checking or other
account(s)  if  you  become  delinquent  on  any  of  your  credit  card  or  deposit  obligations  to  us  or  you
cause a loss to us. We shall not be liable to you in any regard in connection with such suspension of
services.
Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time  offer  additional  services  to
your Account  at  no  additional  cost  to  you.  You  understand  that  we  are  not  obligated  to  offer  such
services and may withdraw or change them at any time.
Convenience Checks. We may, at our discretion, issue checks to you which may be used for any
purpose other than making a payment for credit to your account. By signing such check, you authorize
us to pay the item for the amount indicated and post such amount as a cash advance to your account.
We  do  not  have  to  pay  any  item  which  would  cause  the  outstanding  balance  in  your  account  to
exceed your credit limit.
Credit Information. We may from time to time request personal information from you or obtain credit
reports from the credit reporting agencies for the purpose of updating your credit status. Your failure to
provide such information when requested by us may result in suspension of credit privileges under this
Agreement, including your ability to obtain any future advances by any means. You authorize us to
investigate your credit standing when opening or reviewing your account. You authorize us to disclose
information  regarding  your  account  to  credit  bureau  and  creditors  who  inquire  about  your  credit
standing.
Foreign  Transactions;  Currency  Conversion.  Purchases  and  cash  advances  made  in  foreign
currencies will be billed to you in U.S. dollars. The conversion rate in dollars will be a rate selected by
the card company from a range of rates available in wholesale currency markets for the applicable
central processing date, which rate may vary from the rate the card company itself receives, or the
government-mandated  rate  in  effect  for  the  applicable  central  processing  date  in  each  instance. All
transactions processed outside of the United States (which may include internet transactions) will be
charged  a  foreign  transaction  fee  in  the  amount  disclosed  on  your  Truth-in-Lending  Statement  (as
amended from time to time).

9011 LASER FPDF FI19855 Rev 7-2018

page 1 of 2

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

IN THIS AGREEMENT, "YOU" AND "YOUR" MEAN ANY PERSON WHO ACCEPTS THIS AGREEMENT OR USES THE CARD. THE "CARD" MEANS ANY CREDIT CARD ISSUED TO YOU OR THOSE DESIGNATED BY YOU UNDER THE TERMS OF THIS
AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS EVANSVILLE TEACHERS FEDERAL CREDIT UNION AND LIBERTY FINANCIAL, A DIVISION OF EVANSVILLE TEACHERS FEDERAL CREDIT UNION,  OR ITS SUCCESSORS. BY
USING YOUR CARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.

Termination; Change-in-Terms. We  may,  by  written  notice,  terminate  this Agreement  at  any  time,
subject to applicable law. You may terminate this Agreement by written notice. Termination by either
party shall not affect your obligation to repay any balance on your account resulting from use of the
Card as well as Interest Charges and fees incurred. We may change the terms of this Agreement,
including  the  method  of  calculating  the  periodic  rate,  at  any  time,  by  written  notice,  subject  to
applicable law. If our credit review indicates that your credit status has deteriorated, we may decrease
your  credit  limit.  Use  of  the  Card  constitutes  agreement  and  acceptance  of  any  change  in  terms,
unless applicable law requires otherwise. Our failure to exercise any of our rights or to take any action
shall not constitute a waiver of those rights, or an amendment or change in any of the terms of this
Agreement.
Late or Partial Payments. Any payment that delays the reduction of your balance will increase your
total interest costs. Partial payments or prepayments will not delay your next scheduled payment - you
will still need to make the minimum scheduled payment by the next scheduled due date to keep your
account current. We may accept late payments, partial payments, checks or money orders marked
"payment in full" and such action shall not constitute final settlement of your account or a waiver or
forgiveness of any amounts owing under this Agreement.
Enforcement. We do not lose our rights under this or any related agreement if we delay enforcing
them. If any provision of this or any related agreement is determined to be unenforceable or invalid, all
other provisions remain in full force and effect.
Returns and Adjustments. Merchants and others who honor the Card may give credit for returns or
adjustments, and they will do so by submitting a credit slip which will be posted to your account. If
your  credits  and  payments  exceed  what  you  owe  us,  the  amount  will  be  applied  against  future
purchases and cash advances. If the credit balance amount is $1 or more, it will be refunded upon
your written or verbal request.

Merchant Disputes. We are not responsible for the refusal of any merchant or financial institution to
honor your Card. Also, we are not responsible for goods or services that you purchase with the Card
unless:  (a)  your  purchase  was  made  in  response  to  an  advertisement  we  sent  or  participated  in
sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or
within 100 miles of your home; and only if you have made a good faith attempt, but have been unable
to  obtain  satisfaction  from  the  merchant.  You  must  resolve  all  other  disputes  directly  with  the
merchant. We do not warrant any merchandise or services purchased by you with the Card.
Statements and Notices.  Statements  and  notices  will  be  mailed  to  you  at  the  most  recent  postal
address or e-mail address (if you have elected to receive such documents via electronic means) you
have given us. Notice sent to any one of you will be considered notice to all.
Notification of Address Change.  You  will  notify  us  promptly  if  you  change  your  address  for  any
reason. In order to prevent identity theft, your identity may need to be verified before we act upon the
notification.
Copy  Received.  You  acknowledge 
this  Agreement.
Governing Law. This Agreement shall be construed under federal law and state law in the state in
which we are primarily located, and the venue shall be located in the county and state in which we are
primarily  located.  Operating  regulations  of  Mastercard®  may  also  apply.  This  Agreement  is  the
contract  that  applies  to  all  transactions  even  though  the  sales,  cash  advance,  convenience  check,
credit or other slips you sign or receive may contain different terms.
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.

that  you  have  received  a  copy  of 

IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:
The Military Lending Act applies to this credit card account if at the time you establish the account you are an active member of the military or a dependent (as defined in the Military Lending
Act, 10 U.S.C. 987 and implementing regulations). The following terms and conditions amend your credit card agreement and apply during any period(s) in which you are active military or a
dependent under those definitions. They do not apply when you are not an active duty member of the military or a dependent:

1.

2.

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 36 percent. This rate must include, as applicable to the credit transaction
or account: the costs associated with credit insurance premiums or debt protection fees; fees for ancillary products sold in connection with the credit transaction; any application fee or
participation fee unless they are bona fide and reasonable under the MLA. To receive this notice verbally, please call 1-800-800-9271 during our normal business hours.

Advances will not be secured by a consensual lien on shares or deposits in any of your share or deposit accounts unless you specifically agree to establish a secured share or deposit
account in connection with this credit card account (“Secured Account”). Only funds deposited into the Secured Account after the credit card is established will secure advances. Any
cross-collateralization provision contained in your credit or membership documents will not apply to the Secured Account or your other share or deposit accounts for this account.
However, with regard to this credit card account, we still reserve our rights regarding statutory liens and administrative freeze under federal or state law.
Any contract terms in your credit card, security, or membership agreements that contradict the above shall be inapplicable.

3.

Your credit card account is not subject to mandatory arbitration and therefore any reference to mandatory arbitration in connection with this credit card account does not apply.

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 Find A Mistake On Your Statement

If  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.

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 is wrong and why you
believe it is a mistake.

You must contact us:

•
•

Within 60 days after the error appeared on your statement.
At least 3 business days before an automated payment is scheduled, if you want to stop
payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you do, we are not
required to investigate any potential errors and you may have to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1.

2.

Within 30 days of receiving your letter, we must tell you that we received your letter. We
will also tell you if we have already corrected the error.
Within 90 days of receiving your letter, we must either correct the error or explain to you
why we believe the bill is correct.

While we investigate whether or not there has been an error:

•

•

•

•

We  cannot  try  to  collect  the  amount  in  question,  or  report  you  as  delinquent  on  that
amount.
The  charge  in  question  may  remain  on  your  statement,  and  we  may  continue  to  charge
you interest on that amount.
While  you  do  not  have  to  pay  the  amount  in  question,  you  are  responsible  for  the
remainder of your balance.
We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

•

•

If we made a mistake: You will not have to pay the amount in question or any interest or
other fees related to that amount.
If  we  do  not  believe  there  was  a  mistake:  You will  have  to  pay  the  amount  in  question,
along with applicable interest and fees. We will send you a statement of the amount you
owe and the date payment is due. We may then report you as delinquent if you do not pay
the amount we think you owe.

If you receive our explanation but still believe your bill is wrong, you must write to us within 10
days  telling  us  that  you  still  refuse  to  pay. If  you  do  so,  we  cannot  report  you  as  delinquent
without also reporting that you are questioning your bill. We must tell you the name of anyone
to whom we reported you as delinquent, and we must let those organizations know when the
matter has been settled between us.

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you
question even if your bill is correct.

Your Rights If You Are Dissatisfied With Your Credit Card Purchases

If you are 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:

1.

2.

3.

The purchase must have been made in your home state or within 100 miles of your current
mailing address, and the purchase price must have been more than $50. (Note: Neither of
these are necessary if your purchase was based on an advertisement we mailed to you, or if
we own the company that sold you the goods or services.)
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.

page 2 of 2

IMPORTANT CREDIT CARD DISCLOSURES
The following disclosure represents important details concerning your credit card. The information about costs of the cards are
accurate as of _______________ . You can contact us toll free at 800-800-9271 or the address above to inquire if any changes
occurred since the effective date.

  01/18/2019

INTEREST RATES and INTEREST CHARGES:

Annual Percentage Rate
(APR) for Purchases

APR for Balance Transfers

APR for Cash Advances

Penalty APR and When it
Applies

Paying Interest

PLATINUM REWARDS

PLATINUM PRIME PLUS

1.99%
Introductory APR for six months as of account
opening. After that, your Standard APR will be
______% - ______%
18.00
10.50
depending on your credit history. This APR will
vary with the market based on the Prime Rate.

1.99%
Introductory APR for six months as of account
opening. After that, your Standard APR will be
______% - ______%
16.20
8.50
depending on your credit history. This APR will
vary with the market based on the Prime Rate.

0% Introductory APR for six months as of
account opening. After that, your Standard
APR will be ______% - ______% depending
on your credit history. This APR will vary with
the market based on the Prime Rate.

10.50

18.00

0% Introductory APR for six months as of
account opening. After that, your Standard
APR will be ______% - ______% depending
on your credit history. This APR will vary with
the market based on the Prime Rate.

16.20

8.50

18.00

10.50
______% - ______% depending on your
credit history. This APR will vary with the
market based on the Prime Rate.

16.20

8.50
______% - ______% depending on your
credit history. This APR will vary with the
market based on the Prime Rate.

18% This APR may be applied to your account if you make a payment that is late 60 days or
more.
How Long Will the Penalty APR Apply? If we increase your APRs due to a late payment,
we may keep them at this higher level on existing and new balances until you make six
consecutive on-time payments.

Your due date is at least 21 days after we mail your billing statement. We will not charge you
interest on purchases if you pay your entire new purchase balance by the due date each
month. We will begin charging interest on cash advances and balance transfers on the date
the cash advance or balance transfer is posted to your account.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.00.

For Credit Card Tips from
the Consumer Financial
Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the
website of the Consumer Financial Protection Bureau at
http://www.consumerfinance.gov/learnmore

FEES:

Fees to Open or Maintain
your Account
- Annual Fee:

None

Transaction Fees

- Balance Transfer:
- Cash Advance:
- Foreign Transaction:

Penalty Fees

- Late Payment:
- Over-the-Credit Limit:
- Returned Payment:

None
3% of the amount of each cash advance or $5.00, whichever is greater (maximum: $20.00)
1% of each transaction in U.S. dollars if the transaction involves a currency conversion
0.8% of each transaction in U.S. dollars if the transaction does not involve a currency conversion

Up to $27.00 if your payment is late 1 day or more.
None
Up to $27.00 if your payment is returned for any reason.

How  We  Will  Calculate  Your  Balance:  We  use  a  method  called  "average  daily  balance  (including  new  purchases)"  for  cash
advances and use a method called "average daily balance (excluding new purchases)" for purchases and balance transfers.

Loss of Introductory Rate: We may end your Introductory Rate and apply the Penalty APR disclosed above if you make a late
payment.
9009 LASER FPDF FI19853 Rev 10-2018

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.