BUSINESS CREDIT CARD AGREEMENT 

This Business Credit Card Agreement ("Agreement") includes this document, any letter, card carrier, card insert, 
addendums, any other document accompanying this Agreement, any application that you signed or submitted to 
the  Credit  Union,  and  any  notification  of  changes  to  this  Agreement.  The  words  "you"  and  "your"  mean  each 
person, each business or organization ("organization"), and each officer or owner of the organization who agrees 
to be bound by this Agreement as set forth below. The words we, our, us and "Credit Union" means the Credit 
Union  whose  name  appears  on  this  Agreement  or  anyone  to  whom  the  Credit  Union  transfers  this  Agreement. 
The  word  "card"  means  the  Visa  business  credit  card  you  receive  from  the  Credit  Union  and  any  duplicates, 
renewals, or substitutions the Credit Union issues to you. The word "account" means the credit card line of credit 
account the Credit Union approves for you that is subject to this Agreement.  

1.  PERSONS BOUND.  By signing (in ink, electronically or digitally) any business loan application stating your 
agreement to be bound by this Agreement or by using the card or account we issue to you, or by authorizing an 
employee  to  use  the  card  or  account  we  issue  to  you,  you  agree  to  be  bound  by  the  terms  of  this  Agreement.       
If you are an officer or owner obtaining an account for your organization, you agree to the terms of this Agreement 
in your personal capacity as well as your capacity as an officer or owner authorized to bind the organization to  
this Agreement. 

2.  USING YOUR ACCOUNT.  If you are approved for an account, the Credit Union will establish a line of credit 
for you. The amount of your credit limit is set forth on the Addendum accompanying this Agreement. You agree 
that your credit limit is the maximum amount (purchases, finance charges, plus "other charges") that you will have 
outstanding on your account at any time. If you exceed your credit limit, you must pay the amount you are over 
your  limit  plus  any  fees  and  unpaid  finance  charges  before  payments  will  begin  to  restore  your  credit  limit.             
In addition, a fee may be imposed for exceeding your credit limit. 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 on your account, we may from time to time issue convenience checks to you that may be 
drawn on your account.  

3.  STATEMENT OF BUSINESS PURPOSE. You agree that you have represented to us that you are obtaining 
your account for business purposes that all purchases, use of any convenience checks issued on your account 
and any other use of your account will only be for a business purpose. You agree that you will never use your 
account for any personal, household or family purposes. 

4.  USING YOUR CARD.  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,  the  Credit  Union  may 
permit you to obtain from the Credit Union, from other financial institutions that accept your card, and from some 
automated  teller  machines  (ATMs).  (Not  all  ATMs  may  accept  your  card.)  If  the  Credit  Union  authorizes  ATM 
transactions with your card, it will issue you a personal identification number (PIN). To obtain from an ATM, you 
must use the PIN that is 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.         
This paragraph shall not be interpreted as permitting or authorizing any transaction that is illegal. 

5.  RESPONSIBILITY.  You agree to pay all charges (purchases and any other charge) to your account that are 
made by you or anyone whom you authorize to use your account. You also agree 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  there  is  more  than  one  person  bound  to  this  Agreement,  each  will  be  individually  and  jointly 
responsible for paying all amounts owed under this Agreement. If you are an organization, the officer or owner 
that obtained the account for the organization is also personally obligated for all charges made under the 
account.  This  means  that  the  Credit  Union  can  require  any  one  of  you  to  individually  repay  the  entire  amount 
owed under this Agreement. In addition each person bound under this Agreement as well as any authorized user 
may make purchases individually. 

© CUNA Mutual Group, 2006, 08, 19 ALL RIGHTS RESERVED 

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6. 
INTEREST RATE.  The Interest Rates applicable to are disclosed on the Addendum that accompanies this 
Agreement. Any penalty rate that may be imposed is also disclosed on the Addendum. These rates may be either 
fixed or variable as disclosed in the Addendum accompanying this Agreement. If the rate for your account is fixed, 
the rate charged on purchases will be fixed and will not vary from month to month unless we notify you in advance 
that the rate will change. If the rate for your account is variable, as indicated on the accompanying Addendum, the 
rate  charged  on  purchases  will  vary  periodically  as  disclosed  in  the  Addendum  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 
Addendum  accompanying  this  Agreement.  After  the  Introductory  Rate  period  expires,  the  Interest  Rate  will 
automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of 
this Agreement. 

7.  FINANCE CHARGE CALCULATION METHOD FOR PURCHASES.  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. 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. 

8.  OTHER  CHARGES.    In  addition  to  the  Interest  Rate,  additional  fees  may  be  imposed  on  your  account.        
The amount and description of these fees are disclosed on the Addendum accompanying this Agreement. 

9.   PAYMENTS.  Each month you must pay at least the minimum payment shown on your statement by the date 
specified on the statement. All payments must be made in U.S. dollars and if made by a negotiable instrument 
such  as a  check  or  money  order,  must  be  in a  form  acceptable  to  us  and  drawn  on  a U.S.  financial  institution.   
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).  The  minimum  payment  for  your  account  is  shown  on  the 
Addendum accompanying this Agreement. 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.  Subject  to  applicable  law,  your 
payments may be applied to what you owe to the Credit Union in any manner the Credit Union chooses. We may 
accept checks marked "payment in full" or with words of similar effect without losing any of our rights to collect the 
full balance of your account with us. 
10.  FOREIGN TRANSACTIONS. Purchases made in foreign currencies will be debited from your account in U.S. 
dollars. The exchange rate used to convert foreign currency transactions to U.S. dollars is either a government-
mandated  exchange  rate  or  a  wholesale  exchange  rate  and  is  selected  by  Visa.  The  rate  Visa  uses  for  a 
particular transaction is the rate Visa selects for the applicable currency on the day the transaction is processed. 
This rate may differ from the rate applicable on the date the transaction occurred or was posted to your account. 

A  fee  (finance  charge)  will  be  charged  on  all  transactions  completed  outside  of  the  United  States,  where  the 
cardholder’s  country  code  differs  from  the  merchant’s  country  code.  All  fees  are  calculated  based  on  the 
transaction  amount  after  it  is  converted  to  U.S.  dollars.  These  fees  are  charged  except  where  excluded.           
The Foreign Transaction Fee is set forth on the Disclosure accompanying this Agreement. 

11.   COLLECTION COSTS.  You agree to pay all costs of collecting the amount you owe under this Agreement, 
including court costs and reasonable attorney's fee, as permitted by applicable state law.  

12.   SECURITY  INTEREST.    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. In addition, 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  

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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.  

13.   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; a) break any promise you make under this Agreement; b) exceed 
your  credit  limit;  c)  are  a  natural  person,  if  you  die;  d)  are  an  organization,  you  cease  to  exist;  e)  are  an 
organization, you change your legal structure so that the person obligating the organization to this Agreement is 
no longer authorized to bind it to legal agreements; f) file for bankruptcy or become insolvent; g) make any false 
or  misleading  statements  in  any  credit  application  or  credit  update;  or  h)  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 applicable interest rate, 
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.  

14.   CHANGING  OR  TERMINATING  YOUR  ACCOUNT.  The  Credit  Union  may  change  the  terms  of                   
this Agreement and any attached Addendum from time to time. Notice of any change will be given in accordance 
with  applicable  law.  If  permitted  by  law,  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.   

15.   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. 

16.  LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION. You may be liable for the 
unauthorized  use  of  your  card  or  account.  Notify  us  immediately,  in  writing  or  by  telephone  at  the  address  or 
phone  number  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.  

If you are an organization with 10 or more employees and we have issued 10 or more cards on your account for 
use by your employees, you will be liable for all unauthorized use of your cards or account before notification 
to us unless your liability may be limited by Visa liability limitation rules as set forth below. Otherwise, you will be 
liable for up to $50 for the unauthorized use of your card or account before notification to us unless your liability is 
further limited by Visa liability limitation rules as set forth below. Unauthorized use does not include use of a card 
by an authorized user in an unauthorized manner.  

If your card is a Visa, you may not be liable for any unauthorized transactions if you exercise reasonable care in 
safeguarding your card from risk of loss or theft and, upon discovering the loss or theft promptly report the loss or 
theft to us.  

17.  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). 

18.  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.         

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If  your  credits  and  payments  exceed  what  you  owe  the  Credit  Union,  the  amount  will  be  applied  against  future 
purchases.  If  the  credit  balance  amount  is  $1  or  more,  it  will  be  refunded  upon  your  written  request  or 
automatically after six (6) months. 

19.  ADDITIONAL BENEFITS/CARD ENHANCEMENTS.  The Credit Union may from time to time offer additional 
services to your account, such as travel accident insurance or a liability waiver program, 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. 

20.  EFFECT OF AGREEMENT.  This Agreement is the contract which applies to all transactions on your account 
even though the sales, 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.    Unless  separate  subaccounts  have  been  set  up  under  your  account  for 
authorized  users,  statements  and  notices  will  be  mailed  to  you  at  the  appropriate  address  you  have  given  the 
Credit Union. You agree to notify us at least 10 days in advance of any change in address. Notice sent to any one 
person  bound  under  this  Agreement  will  be  considered  notice  to  all.  If  we  have  agreed  to  send  statements  for 
subaccounts  under  your  account  that  have  been  issued  to  authorized  users,  we  will  send  statements  to  the 
appropriate  address  you  have  provided  for  that  authorized  user.  You  agree  to  notify  us  at  least  10  days  in 
advance of any change in address for an authorized user. You are responsible for payment of all amounts shown 
on a statement delivered to an authorized user. 

23.  NOTIFICATION  OF  CHANGE  IN  LEGAL  STRUCTURE,  OFFICERS  OR  OWNERS.  If  you  are  an 
organization  you  agree  to  notify  us  within  10  days  of  any  change  in  your  legal  structure  or  any  change  in  your 
officers or owners.  

24.  SEVERABILITY  AND  FINAL  EXPRESSION.  This  Agreement  is  the  final  expression  of  the  terms  and 
conditions  of  your  account.  This  written  Agreement  may  not  be  contradicted  by  evidence  of  any  alleged  oral 
agreement.  Should  any  part  of  this  Agreement  be  found  to  be  invalid  or  unenforceable,  all  other  parts  of  this 
Agreement shall remain in effect and fully enforceable to the fullest extent possible under this Agreement.   

25.  GAMBLING  TRANSACTIONS  PROHIBITED.    You  may  not  use  your  card  to  initiate  any  type  of  gambling 
transaction.  

26.  GOVERNING LAW. This Agreement is governed by the laws of the state of Virginia. 

27.  NOTIFICATION  INFORMATION  FOR  REPORTING  LOST,  STOLEN  AND  UNAUTHORIZED  USE  OF 
CARD. Notify us at once if your card has been lost or stolen or if you suspect that your card is being used without 
your permission at the following:  

Phone: (866) 217-1039      24 Hours a Day Seven (7) Days a Week 

  Or write to:   

Customer Service 
Box 5054 
Sioux Falls, SD 57117-5054 

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