the payment, your letter must reach us three business days 
before the automatic payment is scheduled to occur.
Your Rights and Our Responsibilities After We Receive 
Your Written Notice
We must acknowledge your letter within 30 days, unless we 
have corrected the error by then. Within 90 days, we must either 
correct the error or explain why we believe the bill was correct.
After we receive your letter, we cannot try to collect any amount 
you question, or report that amount as delinquent. We can 
continue to bill you for the amount you question, including 
finance charges, and we can apply any unpaid amount against 
your credit limit. You do not have to pay any questioned amount 
while we are investigating, but you are still obligated to pay the 
parts of your bill that are not in question.
If we find that we made an error on your bill, you will not have 
to pay any finance charges related to any questioned amount. 
If we did not make an error, you may have to pay finance 
charges, and you will have to make up any missed payments 
on the questioned amount. In either case, we will send you a 
statement, the amount you owe and the date that it is due.
If you fail to pay the amount that we think you owe, we may 

report you as delinquent. However, if our explanation does not 
satisfy you and you write us within ten days telling us that you 
still refuse to pay, we must tell anyone we report you to that 
you have a question about your bill. And, we must tell you the 
name of anyone we reported you to. We must tell anyone we 
report you to that the matter has been settled between us when 
it finally is.
If we do not follow these rules, we can’t collect the first $50.00 
of the questioned amount, even if your bill is correct.
Special Rule for Credit Card Purchases
If you have a problem with the quality of property or services 
that you purchased with a credit card, and you have tried in 
good faith to correct the problem with the merchant, you may 
have the right not to pay the remaining amount due on the 
property or services. There are two limitations to this right:
(a) You must have made the purchase in your home state or,
if not, within 100 miles of your current mailing address; and (b)
The purchase price must have been more than $50.00.
These limitations do not apply if we own or operate the
merchant, or we mailed you the advertisement for the property
or services.

PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases, 
Cash Advances, & 
Balance Transfers

MasterCard Standard
11.90%, 15.90% or 19.90%
depending on your credit history. This APR will 
vary with the market based on the Prime Rate.

MasterCard Platinum
8.90%, 12.90% or 16.90%
depending on your credit history. This APR will  
vary with the market based on the Prime Rate.

Paying Interest Your due date is at least 21-days after the close of each billing cycle. We will not charge you any 
interest on purchases if you pay your entire balance by the due date each month. We will begin 
charging interest on cash advances and balance transfers on the transaction date.

Minimum Interest Charge None

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

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau

Fees

Fees to Open or  
Maintain Your Account:

Annual Fee
Application Fee

None
None

Transaction Fees:

Balance Transfer
Cash Advance
Foreign Transactions

Penalty Fees:

2% of the amount of each transfer
2% of the amount of each cash advance
Up to 1% of each transaction in U.S. dollars if the transaction involves a currency conversion
Up to 1% of each transaction in U.S. dollars if the transaction does not involves a currency 
conversion

Late Payment
Over-the-Credit Limit
Returned Payment

Up to $18.50 if your payment is late 10 days after due date
None
Up to $5.00 if your payment is returned for any reason

How we will calculate your balance: We will use a method called “average daily balance (including new purchases”). See your 
account agreement for more details.
Billing rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account 
agreement.

The information about the costs of the card described in this application is accurate as of 04.01.16. This information may 
have changed after that date. To find out what may have changed, call 574.534.2506 or visit interracu.com, or write Interra 
Credit Union, PO Box 727, Goshen, IN 46527.

12/16

M-118642
Standard & Platinum Credit Card
Agreement & Disclosure

PO Box 727 • Goshen, IN 46527

KEEP THIS FOR FUTURE USE
NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION REGARDING YOUR RIGHTS TO DISPUTE BILLING ERRORS.

In this Agreement the words “you” and “your” mean each and all those who apply for the Card; “Card” means the MasterCard 
Standard and Platinum credit card and any duplicates, renewals or substitutions the Credit Union issues to you; “Account” means 
your MasterCard credit account with the Credit Union, and “Credit Union” means the Credit Union whose name appears on this 
Agreement or anyone to whom the Credit Union transfers this Agreement. “We,” “Us,” and “Ours” means this Credit Union. By 
applying for or using your credit card, you have agreed to the following provisions, as amended from time to time.

1. Responsibility. If we issue you a Card, you agree to repay
all debts and the FINANCE CHARGE arising from the use
of the Card and the Card account. For example, you are
responsible for charges made by yourself, your spouse and
minor children. You are also responsible for charges made by
anyone else to whom you give the Card, and this responsibility
continues until the Card is recovered. You cannot disclaim
responsibility by notifying us, but we will close the account for
new transactions if you so request and return all Cards. Your
obligation to pay the account balance continues even though
an agreement, divorce decree or other court judgment to which
we are not a party may direct you or one of the other persons
responsible to pay the account. Any person using the Card is
jointly and severally liable with you for the charges he or she
makes, but if that person signs the Card he or she becomes
a party to this Agreement and is also jointly responsible for
all charges on the account, including yours. The Credit Union
reserves the right to change the periodic rate(s) or otherwise
amend this Agreement in accordance with fee schedules
adopted by the Credit Union from time to time.
2. Lost Card Notification. If you believe the Card has been
lost or stolen, you must immediately call the Credit Card Center
at 800-449-7728.
3. Authorized Users. Authorized users have no financial
responsibility for this account. You are responsible for all 
charges made by any appointed authorized user(s). Authorized 
user(s) will have access to account information, however they 
will not have the same rights or privileges as you. Authorized 
users may not: (a) add, edit, or remove account signers; (b) 
make amendments or changes to the credit card account, 
including, but not limited to, closing the account or making 
changes to credit limits; (c) request new or replacement 
cards, PINs, or statements; or (d) request balance transfers. 
Authorized user(s) agree that we may report this account to the 
credit bureaus on their behalf.
4. Your Responsibility and Liability for Unauthorized Use.
You will have no liability for unauthorized purchases made with
your Credit Card. You may be liable for unauthorized use for
cash advances at ATMs (Automatic Teller Machines) where
as your liability shall not exceed the lessor of $50.00 or the
amount of the unauthorized use. If your Card is lost, stolen or
if you are afraid someone used or may use your Card without
your permission, you must notify the Credit Card Center at
800-449-7728. If notice is given orally, you may be asked to
promptly confirm it in writing. The Credit Union may require you 
to provide us certain information in writing to help us investigate 
any unauthorized uses. Further, you agree to cooperate and 
assist us or any government or law enforcement agent or 
agency in investigating, collecting or pursuing any other rights 
(civil and criminal) relating to any unauthorized use. 
5. Credit Line. If we approve your application, we will establish
a self replenishing Line of Credit for you and notify you of
its amount when we issue the Card. You agree not to let the
account balance exceed this approved Credit Line. If such
credit limit is exceeded, the entire balance of your account
or the amount over the credit limit may, at the Credit Union’s
option, become immediately due and payable on demand.
Each payment you make on the account will restore your
Credit Line by the amount of the payment which is applied to
the principal. You may request an increase in your Credit Line
only by written application to us, which must be approved by

our loan committee or loan officer. We may reduce your Credit 
Line from time to time, or with good cause, revoke your card 
and terminate this Agreement. Good cause includes, but is not 
limited to, your failure to comply with this Agreement, or our 
adverse reevaluation of your creditworthiness. You may also 
terminate this Agreement at any time by providing us written 
notice, but termination by either of us does not affect your 
obligation to pay the account balance. The Card remains our 
property and you must recover and surrender to us all Cards 
upon our request and upon termination of this Agreement.
6. Credit Information. You authorize us to investigate your
credit standing when opening, renewing or reviewing your
account, and you authorize us to disclose information regarding
your account to credit bureaus and other creditors who inquire
of us about your credit standing.
7. Monthly Payment. We will mail you a statement or provide
one to you electronically via e-mail in any month in which the
Card has a debit or credit balance in excess of $1.00. Every
month you must pay at least the Minimum Payment within
25 days of your statement closing date. You may, of course,
pay more frequently, pay more than the Minimum Payment,
or pay the Total New Balance in full, and you will reduce the
FINANCE CHARGE by doing so. The Minimum Payment
will be either (a) 2% of your Total New Balance, or $25.00,
whichever is greater, or (b) your Total New Balance if it is less
than $25.00 plus (c) any portion of the Minimum Payment(s)
shown on prior statement(s) which remains unpaid. In addition,
at any time your Total New Balance exceeds your Credit Line,
you must immediately pay the excess upon demand. We will
apply your minimum payments first to any fees; then to any
credit insurance charges; then to any FINANCE CHARGES;
then to previously billed cash advances; then to previously
billed purchases; then to new cash advances; and then to
new purchases. Payment amounts over or above the required
minimum payment will be applied to the balances with the
highest annual percentage rate.
8. Variable Annual Percentage Rate (APR). Variable (APR)
may change when the Prime Rate changes. The interest rate 
margin is between 5.65% and 16.65%; the margin is added 
to the Prime Rate to determine the APR. As of October 1, 
2015 the APR for Purchase transactions was between 8.9% 
and 19.90%. The daily periodic rate is determined by taking 
the APR and dividing it by 365. The interest rate margin is 
determined based on most recent credit information; subject to 
be reassessed every 6 months.
9. Finance Charges. There is no FINANCE CHARGE on
purchases if the New Balance is paid in full by the due date
on the statement on which these purchases first appear. If
not so paid, the New Balance of Purchases, and subsequent
purchases from the date they are posted to your account, will
be subject to FINANCE CHARGE. Cash advances are always
subject to FINANCE CHARGE from the date they are posted
to your account. The principal balances of purchases and
cash advances are determined each day during the statement
period, beginning with the principal portion of your Previous
Balances, reduced by payments you make and credits we
apply, and increased by purchases and cash advances you
make and debit adjustments we make during the statement
period. The daily principal balances are totaled, and divided
by the number of days in the statement period, to produce
separate average daily principal balances for purchases and

cash advances to which the periodic rate is then applied.
10. Default. You will be in default if: (a) you fail to pay the
Minimum Payment by the Payment Due Date; (b) the Credit
Union, in its sole discretion, feels insecure (for example:
Our good faith belief that your ability to pay your account is
impaired; use of your account in any manner or in any way
that may expose the Credit Union to a risk of loss; etc.); (c)
your ability to repay is materially reduced by a change in your
employment, by an increase in your obligations, by bankruptcy
or insolvency proceedings involving you, by your death; (d)
you exceed your credit limit without our permission; (e) you
have made a false or misleading statement to us in your
application or otherwise; (f) you are in default under any other
Agreement with us; (g) if you use or authorize the use of any
Cards to make or facilitate any illegal transaction; or (h) you
fail to perform any of your other obligations under the terms
of this agreement as it may be amended from time to time. In
the event of your default, your account balance and interest
accrued shall be immediately due and payable without notice
or demand. We shall be entitled to pursue all remedies under
Indiana law and you agree that the venue of any lawsuit arising
out of this Agreement shall be any of the Superior Courts of
Elkhart County, Indiana. In the event of your default, you shall
also be liable for our costs of collection and attorney fees. In
the event of your default, we shall be entitled to the immediate
possession of the Card without notice or demand. You agree
that the law of the state of Indiana shall apply to this Agreement
and any legal proceedings brought to enforce any term or
provision of this Agreement.
11. Using the Card. To make a purchase or cash advance,
there are two alternative procedures to be followed. One is
for you to present the Card to a participating MasterCard
plan merchant, to us or another financial institution, and, if
required, sign a sale or cash advance draft; or you may also
make purchases or cash advances by telephone, mail, or other
electronic devices. You authorize us to honor any purchase or
cash advance you make by telephone, mail, or other electronic
devices on this account. You agree that a signature is not
necessary as identification in such cases. The other is to
complete the transaction by using your personal identification
number (PIN) in conjunction with the Card in an automated
teller machine or other type of electronic terminal that provides
access to the MasterCard system. The personal identification
number must be protected by you and will not be carried with
your MasterCard card at any time. The monthly statement will
identify the merchant, electronic terminal or financial institution
at which transactions were made, but sales, cash advance,
credit or other slips cannot be returned with the statement. You
will retain the copy of such slips furnished at the time of the
transaction in order to verify the monthly statement. The Credit
Union may make a reasonable charge for photocopies of slips
you request.
12. 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.
13. Returns Adjustments. Merchants and others who honor
the Card may give credit for returns or adjustments, and they
will do so by sending us a credit slip which we will post to your
account. If your credits and payments exceed what you owe
us, we will hold and apply this credit balance against future
purchases and cash advances, or if it is $1.00 or more, refund it
on your written request or automatically after 6 months.
14. 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 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.
15. Foreign Transactions. CURRENCY CONVERSION FEE:
If you effect or authorize a transaction with your access device
in a currency other than US Dollars, MasterCard will convert
the charge into a US Dollar amount. The MasterCard currency
conversion procedure includes use of either a government-
mandated exchange rate, or a wholesale exchange rate
selected by MasterCard, as applicable. The exchange rate
MasterCard uses will be a rate in effect on the day the
transaction is processed. This rate may differ from the rate in
effect on the date of the purchase or the date the transaction
was posted to your account. A Currency Conversion Fee of
up to 1% will be applied to transactions that are converted
from foreign currencies to U.S. dollars. CROSS-BORDER
TRANSACTION FEE: In addition, MasterCard charges us a
Cross-Border Assessment up to 1% on each transaction on
all cross-border transactions regardless of whether there is
a currency conversion. For purposes of this Section, “cross-
border transaction” shall include both (a) transactions initiated
in a foreign country which are subsequently settled in the
United States, and (b) transactions initiated in the United
States but which are ultimately settled in a country outside of
the United States. The Credit Union will assess these fees to
you to reimburse it for the fee it is required to pay for each of
your transactions subject to these terms. The Cross-Border
Transaction Fee will be shown separately on your periodic
billing statement. The Currency Conversion Fee, if it applies
to the transaction, will be included in the transaction amount
posted on your statement.
16. Credit Union’s Liability. We are not responsible for the
refusal of any plan merchant or financial institution to honor your
Card, you agree to settle all disputes arising from purchases
directly with the merchant who honored the Card, and except
as provided by the Fair Credit Billing Act to pay the Credit Union
all amounts shown on the statement in spite of such disputes.
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.
17. Security Interest. You hereby grant to us a security
interest in the goods purchased by the card which shall serve
as collateral security for the performance by you of your
obligations under this Agreement, including your obligation to
make any Minimum Payment by the due date. In the event of
your default as described in paragraph #10 above, we shall be
entitled to all the remedies of a secured party under Indiana
law, including the right to take possession of the collateral
security. You agree that we are authorized to file whatever
documents are necessary to perfect our security interest,
including without limitation, financial statements.
18. Effect of Agreement. This Agreement is the contract which
applies to all transactions on your account even though the
sales, cash advance, credit or other slips you sign or receive
may contain different terms. We may amend this Agreement
from time to time by sending you the advance written notice
required by law. If you do not want to accept the changes or
amendments, you can choose not to accept the changes in the
notice by cancelling your credit card account. To cancel your
credit card account you must do so by a written letter advising
us that you do not want to accept the changes. Send the letter
to: Interra Credit Union, P.O. Box 727, Goshen, IN 46527. If you
choose not to accept any changes or amendments, you will still
be responsible for any outstanding balances on your credit card
account; Your credit card account will no longer be available for
any use or activity; Any reward points you have earned will be
forfeited.
19. Annual Fee. None.

20. Other Fees.

• Late payment fee of $18.50 if the minimum payment due is

not paid in full within 10 days after the due date.

• Cash advance fee shall be a 2% charge of the amount

advanced.

• ATM withdrawals are subject to a 2% charge of the

withdrawal amount.

• Balance transfers will be imposed a 2% fee.
• Card center phone payment fee $5.00.
• Returned payment or Insufficient Funds fee - We will

charge your account a $5.00 fee if your payment by any
method, including check, electronic transfer, home banking
transaction or otherwise, is not honored, collected by us, or
if we must return it to you because it cannot be processed
for any reason.

21. Moving. The Credit Union may revoke your card and
terminate this Agreement if you relocate to another state. We
can revoke your Card if you move to a state where the Credit
Union must be registered.
22. Change of Address. You shall notify the Credit Union in
writing if there is an address change. If we were not notified,
you could be liable for any unauthorized use. You also
understand that the Credit Union cannot be responsible for
timelessness of any mail system.
23. Non-Use. The Credit Union may revoke your Card and
terminate this Agreement if there has been no activity on the
account for at least 12 consecutive months.
24. No Waiver. The Credit Union can delay enforcing any of its
rights any number of times without losing them.
25. Using the Account. You understand that any of you
individually may increase the credit line (provided you qualify
and the Credit Union approves the increase), reduce the credit
line, or terminate the Agreement as to future loans by notifying
the Credit Union in writing. Increases in the credit line shall
take effect upon approval by the Credit Union. Reductions in
the credit line and terminations of the Agreement as to future
loans shall take effect on the next business day after the written
notice is delivered by any of you to the loan department at the
Credit Union. Termination of the Agreement shall not affect the
rights of the Credit Union or the obligations of the Member and
any joint owners with respect to obligations in existence at the
time of termination. Each of the undersigned applicants certifies
under the pains and penalties of perjury that he/she is at least
eighteen (18) years of age, has read the foregoing Agreement,
and jointly and severally agrees to abide by the foregoing terms
and provisions.
26. Delay in Enforcement/Waivers. The Credit Union
may delay or waive enforcement of any of the provisions of
this Agreement, including any Agreements to make timely
payments, without losing its right to receive notice of any waiver
or delay or presentment, demand, protest or dishonor. You
also waive any applicable statute of limitations to the full extent
permitted by law and any right you may otherwise have to
require the Credit Union to proceed against any person before
suing you to collect.
27. Governing Law/Severability. This Agreement shall be
governed by and construed in accordance with the laws of
Indiana. In the event any one or more of the provisions of this
Agreement will for any reason is held to be invalid, illegal or
unenforceable, the remaining provisions will remain valid and
enforceable.
28. Electronic Communications. You agree that we have no
obligation, liability or responsibility to respond, act upon, or follow
any instruction to us that is received electronically, by e-mail or
otherwise, unless we are able to authenticate the communication
to our satisfaction. You further acknowledge and agree that the
Internet is inherently insecure and agree that we have no liability
for any loss, claim or damages that arises or in anyway relates to
our response(s) to any e-mail or other electronic communication
which we believe you have submitted to us.
29. Cash Advances. The Credit Union will charge a cash
advance fee (no minimum or maximum) when you access the
cash credit line on your credit card account through an ATM,
convenience check or at a credit union’s teller window. The
fee charged will be a percentage of the amount withdrawn or

advances. Finance charges typically accrue from the date of 
the advance, without the grace period normally present with 
purchases.
30. Balance Consolidation. The credit union may charge
a balance consolidation fee should you choose to transfer
balances.
31. ATM Transactions. Withdrawals at ATM machines may
be made using your Credit Card and personal identification
number. Cash withdrawals may not exceed $300.00 per
transaction and $500.00 per calendar day. Except as otherwise
provided in this Agreement, advances through ATM access will
be treated as a Cash Advance under this Agreement. Owners
of ATMs that we do not own may charge fees in addition to any
fees described in this Agreement. This is not a fee charged by
your Credit Union; however, any such fee will be added to your
card account. The party charging the fee is required to provide
appropriate disclosures to you with regard to any such fees.
32. Rewards, Incentives, Promotions. The Credit Union
reserves the right to terminate the programs or portions thereof
at any time without restriction or penalty. This means that
regardless of your level of activity in the program, the ability
to accumulate points or claim rewards can be terminated with
or without prior notice. The redemption value of points already
accumulated, may be changed at any time without notice and
without restriction or penalty. The Credit Union also reserves
the right to cancel any cardholders prior earned points,
rewards, cash/merchandise back or any other item of value if
you are in default as stated in paragraph eight (8). Awards are
not available when a cardholder is in default under the credit
card agreement. Any points or awards are earned only with
purchases, cash advance transactions are not eligible towards
earning points or any award/reward.
33. Skip Payment Option. At our option, we may offer you the
opportunity to not make (“skip”) a minimum payment during
certain designated billing cycles (“skip payment period”). If
you do not make your minimum payments as provided in
this Agreement, during such designated billing cycles, you
understand that we will continue to apply finance charges to the
account. Beginning with the billing cycle following an allowed
skip payment period, all other provisions of this Agreement
apply. We have no obligation to accept your application for any
skip payment period offered.
34. Insurance. If you elect any type of insurance or debt
protection offered by the Credit Union, then the charges will be
added to your account balance on each billing cycle. Any type
of insurance or debt protection offered by the Credit Union is
voluntary and is not required to obtain a credit card account
with us. You have the right to terminate any type of insurance
or debt protection offered by the Credit Union at any time by
notifying us in writing.
35. Correction of Errors and Omissions. You agree to
fully cooperate in correcting any errors in the Application
or Agreement that we request within the first 30 days after
the account is opened, if we believe such corrections are
necessary or desirable. We will bear all costs of preparing any
documents necessary for such corrections.
YOUR BILLING RIGHTS
This notice contains important information about your rights and
our responsibilities under the Fair Credit Billing Act.
Notify Us In Case of Errors or Questions About Your Bill
If you think your bill is wrong, or if you need more information
about a transaction on your bill, write us on a separate sheet at
the address listed on your bill. Write to us as soon as possible.
We must hear from you no later than 60 days after we sent you
the first bill on which the error or problem appeared. You can
telephone us, but doing so will not preserve your rights.
In your letter, give us the following information:

• Your name and account number.
• The dollar amount of the suspected error.
• Describe the error and explain, if you can, why you believe
there is an error. If you need more information, describe the
item you are not sure about.

If you have authorized us to pay your credit card bill 
automatically from your savings or checking account, you can 
stop the payment on any amount you think is wrong. To stop