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Visa Credit Card Terms and Agreement­ America First Credit Union

VISA® Account General Terms, Disclosure Statement & Card Agreement

This VISA Credit Card Agreement (Agreement) and the Account Disclosures accompanying this
Agreement will govern your VISA Credit Card and account issued by America First Credit Union. In
the agreement the words "you," "your," "yours," "applicant," and "borrowers" means any person who
signs or uses any Card or PIN issued on this account, including, any joint obligor, guarantor, authorized
user, or the person whose name is embossed on the Card. The words "we," "us," "our," and "Lender"
means America First Credit Union. The word "Card" means any one or more credit cards issued under
the Credit Union's VISA Classic and Platinum Card programs. Except as speci(cid:214)cally indicated, all terms
and conditions in this Agreement will apply to the VISA Credit Card issued to you. By signing or using
any Card or PIN, or allowing others to use the Card or PIN, you and they will have accepted this
Agreement including the Rate & Fee Disclosure accompanying this Agreement, which is
incorporated herein. Just as if you and they signed it, you and they, jointly and severally, will be
bound by the following terms and conditions which will govern this Account.

1. ACCOUNT ACCESS 

a. Purchases and Cash Advances. You must sign the Card to use it. Once you have signed the
Card, you can use it to buy or lease goods or services, wherever the Card is honored, up to
the full amount of your credit line. You may use your Account to get cash advances from us.
You may also use your Card to get a cash advance from participating (cid:214)nancial institutions
or an automated teller machine (ATM). You may use your Card to purchase goods and
services any place your VISA Card is honored by participating merchants. No purchase may
exceed the available funds in your account. The Credit Union reserves the right to refuse
any transaction that would draw upon insuf(cid:214)cient funds.

b. VISA Convenience Checks. If we approve, you may obtain advances under your account by
writing preprinted VISA convenience checks that we supply to you. Your use of loan checks
will be shown as cash advances on your monthly statement. We may not honor your loan
check if: your check is post-dated; payment of the check would exceed your Credit Limit; a
check is signed by a person without authorized access; the amount of the check is less than
the minimum required amount; your Account has been terminated or suspended, or any
checks have been reported lost or stolen. You may stop payment on a loan check if you
provide us with the exact information describing the check. If you give us incorrect
information, we will not be responsible for failing to stop payment. You understand there
may be a charge for each stop payment order requested. Our liability for a wrongful
dishonor is limited to your actual charges, however, a dishonor for the reasons stated
above is not a wrongful dishonor. Only the person whose name is printed on a convenience
check may sign it. All convenience checks must be written in U.S. dollars. We will not certify
a convenience check. You may write these checks for any amount providing your total
outstanding balance does not exceed your available credit limit and your credit card
account remains in good standing. We are entitled to return it unpaid if there is not enough
available credit on your account to pay it, if you are in default under this Agreement, if your
card or convenience checks have been reported lost or stolen, or if the convenience check

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Visa Credit Card Terms and Agreement­ America First Credit Union

is post-dated. The Credit Union shall have no liability for any convenience check(s)
returned in excess of your credit line.

2. PROMISE TO PAY 

You promise to pay us all such amounts, plus any Interest Charges, which arise from use of the
Card or Account by you or any other person, and to be jointly and severally liable with such a
person, unless such other person does not have actual, implied, or apparent authority for such
use, and you received no bene(cid:214)t from the use. You promise to pay us either by direct payment, or
by automatic transfers from shares or payroll deduction.

3. CREDIT LIMIT 

This Agreement will constitute a revolving line of credit for an amount which will be the credit
limit under your Account. You may access your credit line through VISA Credit Card purchases,
and cash advances at participating merchants. We will advise you of the amount of your credit
limit on your statement. That amount will be the maximum amount you may have outstanding at
any one time. You agree not to attempt to obtain more credit than the amount of your credit
limit. However, if you temporarily exceed your credit limit, you agree to repay the excess
immediately, even if we have not yet billed you. Obtaining such credit does not increase your
credit limit. We retain the right to increase or decrease your credit limit at any time for any
reason. Any increase or reduction of your credit limit will be shown on your monthly statement
or by separate notice together with any changes in the applicable minimum monthly payments.
Your eligibility for this credit limit is determined by our loan policy and may be terminated at our
sole discretion, without demand or notice. You may close your credit line at any time by notifying
us in writing and returning all Cards cut in half. If you terminate this Agreement or if we
terminate or suspend your credit privileges, the provisions of this Agreement and your liability
hereunder shall otherwise remain in full force and effect until you have paid us all sums due us
under this Agreement and returned all Cards.

4. MINIMUM MONTHLY PAYMENT 

Minimum Monthly Payment. We will mail you or deliver a statement every month if your account
has a balance. You agree that you will pay each month not less than the minimum monthly
payment on or before the scheduled monthly due date. The minimum monthly payment will be
2.5% of your outstanding balance ("New Balance") or $25.00, whichever is greater. If your
outstanding balance is $25.00 or less, you agree to pay the balance in full. You may pay in full for
all your purchases and cash advances each month, or you may repay in monthly installments. We
can accept late payments or partial payments, or checks, drafts, or money orders marked
"payment in full" without prejudice to our rights under this Agreement, which are hereby
explicitly reserved. A credit posting from a merchant or reversal of fees do not constitute a
minimum payment. The minimum monthly payment may be allocated at the Credit Union's
discretion to pay off lower rate balances, such as promotional offers, before higher rate balances,
such as cash advances or purchases. Payments in excess of the minimum monthly payment will
be allocated (cid:214)rst to higher rate balances, as applicable. From time to time, we may allow you to
skip your minimum monthly payment due. If you choose to skip that payment, Interest Charges
will continue to accrue in accordance with this Agreement. Payments received at: America First
Credit Union, PO Box 9199, Ogden UT 84409 at or before 5:00 PM Mountain Time on any
business day will be credited to your Account as of that date. When your payment due date falls
on a day we do not receive mail payments, such as a holiday or weekend, mail payments received

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Visa Credit Card Terms and Agreement­ America First Credit Union

the next business day will be credited as of the previous business day. Payment crediting to your
Account may be delayed up to (cid:214)ve days if your payment is received by mail at any other address.

5. SECURITY INTEREST 

You grant the Credit Union a security interest under the Utah Uniform Commercial Code in any
goods purchased through your VISA Credit Card Account. You agree that all collateral you have
given the Credit Union to secure other consumer loan obligations (except dwelling secured
loans), in the past and in the future, will secure your obligations under this Agreement. In
addition, by signing or using any Card or PIN issued on this account, you have given us a security
interest in all your shares and deposits, present and future, and all accounts (except Individual
Retirement Accounts) with the Credit Union. You agree, upon default, the Credit Union may
apply all that is secured to pay any amounts due under this Agreement, without further notice to
you.

6. MONTHLY STATEMENTS 

Each month we will send you a statement showing purchases, cash advances, payments, and
credits made to your Account during the billing cycle, as well as your "Ending Balance," any
Interest Charge, and any late charge or other charges. Your statement also will identify the
"Total Amount Due" for that billing period and the date it is due. You agree to retain for
statement veri(cid:214)cation, copies of transaction slips resulting from each purchase, each advance,
and other transactions on your Account. Unless you notify us of a billing error as described
below, you accept your monthly statement as an accurate statement of your Account with us.

7. CIRCUMSTANCES UNDER WHICH AN INTEREST CHARGE WILL BE IMPOSED 

The total outstanding balance of purchases and cash advances in the Account on the closing date
of a billing cycle, including any Interest Charge will be shown on the Periodic Statement for that
billing cycle as the "Ending Balance." 

a. Cash Advances. An Interest Charge will be imposed on cash advances remaining unpaid
after the (cid:214)rst day of the month following the billing cycle. There is a cash advance fee of 1
1/2% of each cash advance transaction, including ATM withdrawals, Web Access advances
and convenience checks. This fee is identi(cid:214)ed on your monthly statement as "Cash
Advance Transaction fee."

b. Purchases. An Interest Charge will be imposed on the portion of purchases included in the
New Balance that remains unpaid by your payment due date. This "grace period" allows
you to avoid a Interest Charge on purchases for a billing cycle. However, if you do not pay
the New Balance for purchases within the grace period, your Interest Charge will accrue
on any unpaid purchase transactions from the date of purchase.

8. METHOD USED TO DETERMINE THE BALANCE ON WHICH THE INTEREST CHARGE MAY

BE COMPUTED AND AMOUNT OF Interest Charge 
The Credit Union (cid:214)gures the Periodic Interest Charge on your Account by applying the Periodic
Rate to the "Average Daily Balance" of purchases and previous unpaid cash advances for your
Account. To get the "Average Daily Balance" we take the beginning purchase and cash advance
balances of your Account each day, add any new purchases and subtract any payments or credits,
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 by the number of days in the billing cycle.
This gives us the Average Daily balance for both purchases and cash advances. Cash advances
made in the billing period will not be assessed the daily Interest Charge until after the (cid:214)rst of the

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Visa Credit Card Terms and Agreement­ America First Credit Union

following month. "A Interest Charge will be imposed on the portion of purchases included in the
New Balance that remains unpaid by your payment due date."

9. PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE 

The variable Periodic Rate and ANNUAL PERCENTAGE RATE applicable to your Card will be set
forth on the Rate & Fee Disclosure provided with your Card and will be governed by the periodic
Rate and ANNUAL PERCENTAGE RATE terms set forth below. 

a. Variable Rate Cards. The Interest Charge imposed during the billing cycle will be

determined by multiplying the Average Daily Balance by the Periodic Rate. If you elected a
variable rate Card, the Periodic Rate and Annual Percentage Rate are variable based on an
index plus a margin. The index is determined monthly by the highest U.S. prime rate
effective, as reported by the Wall Street Journal on the last business day of each month.
The Annual Percentage Rate may change on the (cid:214)rst day of the following month and any
increase or decrease may affect the number of payments you will make. The Annual
Percentage Rate and Periodic Rate applicable to your account will be disclosed on the
Rate and Fee Disclosure accompanying this Agreement and shown on each monthly
statement. The "Total Interest Charge" shown on your monthly statement consists of the
periodic Interest Charge on purchases and the periodic Interest Charge on cash advances.

10. CONDITIONS UNDER WHICH OTHER CHARGES MAY BE IMPOSED. 

We may impose the following fees and charges on your Account: 

a. Late Charges. If we do not receive your minimum payment within 10 days of the due date

we will impose a Late Charge of up to $35.

b. Returned Item Charge. If any check or draft we receive from you as payment for any

amount you owed to us is returned to us unpaid, we may impose a returned item fee of
$10.00.

c. Annual Card Fee. The annual fee for a VISA Classic or Platinum credit card will be set forth

on the Rate and Fee Disclosure accompanying this Agreement.

d. Miscellaneous Photocopying. If you request a copy of a sales draft or other documents, we
may charge your Account $5.00 per copy and $15.00 per hour. These charges cover the
costs of locating, copying, and delivering the documents to you. If a request is related to a
billing error and an error is found, we will reverse any photocopying charges.

e. ATM Fees. If you use an ATM to obtain a cash advance and the ATM is not operated by us,

you will be charged a fee as disclosed on our rate and fee schedule. You may also be
charged an ATM surcharge by the ATM operator or an ATM network utilized for such a
transaction. The ATM surcharge may be charged to your account if you complete the
transaction.

f. Attorney's Fees and Costs. If you default on any part of this Agreement, you agree to pay

us all costs to collect your Account, including court costs and reasonable attorney fees and
collection agency costs whether or not there is a lawsuit, and fees on any appeal and fees
for bankruptcy proceedings, appeals, and any post judgment collection services, if
applicable.

11. CONDITIONS OF CARD USE 

The use of your Card and Account are subject to the following conditions: 

a. Ownership of Cards. Any Card or other credit instrument or device which we supply to

you is our property and must be returned to us, or to any person whom we authorize to act

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Visa Credit Card Terms and Agreement­ America First Credit Union

as our agent, or to any person who is authorized to honor the Card, immediately according
to instructions. The Card may be repossessed at any time at our sole discretion without
demand or notice. You cannot transfer your Card or Account to another person. You may
not use the Card for any illegal or unlawful transactions and we may decline to authorize
any transaction that we believe poses an undue risk of illegality or unlawfulness.
b. Honoring the Card. Neither we nor merchants authorized to honor the Card will be

responsible for the failure or refusal to honor the Card or any other credit instrument or
device we supply to you. If a merchant agrees to give you a refund or adjustment, you agree
to accept a credit to your Account in lieu of a cash refund.

c. Foreign Transactions. Purchases and cash advances made in foreign countries will be billed

to you in U.S. dollars. The currency conversion rate for international transactions as
established by VISA International, Inc. is a rate selected by VISA from the range of rates
available in wholesale currency markets for the applicable central processing date. The
transaction amount for foreign transactions will include a foreign transaction fee of 1% of
the transaction amount.

d. Notices and Payments. All notices will be sent to your address as shown in the application.
You agree to advise us promptly if you change your mailing address. All payments should
be mailed to us at the remittance address shown on your monthly statements. Payments
received at that address will be credited to your Account as of the date received.
e. Personal Identi(cid:214)cation Number. We will issue you a Personal Identi(cid:214)cation Number

("PIN") for use with your Card at automatic teller machines ("ATMs"). These numbers are
issued to you for your security purposes. These numbers are con(cid:214)dential and should not be
disclosed to third parties. You are responsible for safekeeping your PIN. You agree not to
disclose or otherwise make available your PIN to anyone not authorized to sign on your
Accounts. To keep your Account secure, please do not write your PIN on your Card or keep
it in the same place as your Card.

12. DEFAULT 

You will be in default under this Agreement if any of the following occur: (a) Any monthly
payment("Total Amount Due") is not made when due; (b) You become insolvent, bankrupt, or you
die; (c) You violate any part of this Agreement, or any other agreement with us; or (d) if we
reasonably deem ourselves unsecure on your credit line. We will notify you in writing of any such
action as soon as practical if it occurs. Upon default, we may declare the entire unpaid balance
immediately due and payable, and you agree to pay that amount plus any attorney's fees and
costs including collection agency costs incurred by us. We can delay enforcing any right under
this Agreement without losing that right or any other right. A negative credit report re(cid:215)ecting on
your credit record may be submitted to a credit reporting agency if you fail to ful(cid:214)ll the terms of
this Agreement.

13. CREDIT INFORMATION/FINANCIAL STATEMENTS 

You authorize us to release information to others (e.g., credit bureaus, merchants, and other
(cid:214)nancial institutions) regarding the status and history of your credit line. You agree to provide
us, at any time we deem necessary, with a current (cid:214)nancial statement and updated credit
information upon request. We may investigate your credit directly or through a credit reporting
agency.

14. LOSS OR THEFT OF VISA CREDIT CARD 

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Visa Credit Card Terms and Agreement­ America First Credit Union

You agree to notify us immediately of the loss, or the theft, or the use without your permission,
of any Card or other credit instrument or device which we supply to you. Please notify us, orally
or in writing, at the address or telephone number shown on the Rate & Fee Disclosure
accompanying the Agreement and on each billing statement of the loss, theft, or possible
unauthorized use of your Card. If you notify us of your lost or stolen Credit Card after discovery,
you may not be liable for any losses related to credit transactions. This zero liability will apply
provided you were not grossly negligent or fraudulent in handling your Card.

15. YOUR CREDIT CARD BILLING RIGHTS

Keep this document 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: America First Credit Union, P.O. Box 9199, Ogden, UT 84409. 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.
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:

a. 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.

b. 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 in 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 (cid:214)nish 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.

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Visa Credit Card Terms and Agreement­ America First Credit Union

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
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
(cid:214)rst $50 of the amount you question even if your bill is correct.

Your Rights If You Are Dissatis(cid:214)ed With Your Credit Card Purchases. If you are dissatis(cid:214)ed 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:

a. 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.)

b. 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.

c. You must not yet have fully paid for the purchase.

If all of the criteria above are met and you are still dissatis(cid:214)ed with the purchase, contact us in
writing at the above address. While we investigate, the same rules apply to the disputed amount
as discussed above. After we (cid:214)nish 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.

16. AMENDMENTS 

We reserve the right to amend the terms of this Agreement at anytime as permitted by and
subject to any limitations and notice requirements of applicable law.

17. NOTICE AND AGREEMENT 

You understand and agree to the terms and conditions in this VISA Credit Card Agreement and
disclosures, including the accompanying Rate and Fee Disclosure. You acknowledge that you
have received a copy of the Agreement and Disclosures. This Agreement is a (cid:214)nal expression of
the agreement between you and the Credit Union. This Agreement may not be contradicted by
evidence of any oral agreement or alleged oral agreement and contains the terms applicable to
the credit transaction.

AFCU- 1/10

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