Illegal Activity
Your Mastercard card may not be used for any illegal activity. Internetgambling may be illegal in the jurisdiction in which you are located,
including the United States and its territories. Your card may onlybe used for legal transactions. Display of a payment card logo by
an online merchant does not mean that Internet gambling or othertransactions are legal in the jurisdiction in which you are located. Youagree to repay, according to the terms of this Agreement, transactionsyou initiate by use of your card, whether deemed legal or illegal.
Internet Transactions
Your Mastercard is automatically enrolled in the Mastercard 3-DSecure program. 3-D Secure is designed as an additional layer of
security for online transactions when you use your credit card duringa card-not-present transaction. Your transaction is securely verifiedin the background and there is nothing else for you to do.
Foreign Currency Transactions
If you effect a transaction at a merchant that settles in a currencyother than U.S. dollars, Mastercard International will convert the
charge into a U.S. dollar amount. The conversion rate in U.S. dollars
will be either at the government-mandated rate or a wholesalecurrency market rate determined by Mastercard for thep r o c e s s i n g  d a t e o n  w h i c h  t h e t r a n s a c t i o n  i s p r o c e s s e d .  T h ecurrency conversion rate used by Mastercard on the processingdate may differ from the rate that would have been used on thepurchase date or the cardholder statement posting date.
Foreign Transaction Fee
A fee of 2% of the transaction amount in US Dollars will be assessed
on cross-border and international transactions. International
transactions include Internet transactions made when you are in theUnited States, but the merchant processes the transaction in a foreigncountry. Transactions acquired in U.S. territories, and transactions
originating on U.S. military bases, at U.S. embassies and at U.S.
consulates, are excluded from this fee.Convenience Checks
You may access your credit line by writing checks provided by us forthat purpose. The checks will be honored and paid up to your creditlimit as long as the account is not in default. You may request a stop
payment on a convenience check by phone or in writing. We must
receive the request in time to afford us reasonable opportunity to actupon it under the Credit Union�s rules. Oral or telephone requests to
stop payment must be confirmed by you in writing to us within 14calendar days after your original request, and if not so confirmed,such request will be considered to have lapsed after the 14-dayperiod. We can only honor a stop payment request for 12 months
from the date of request. You agree not to hold us responsible for anyclaims or liabilities of payees or endorsers on convenience checks forwhich you have requested payment stopped. You agree not to hold
us responsible for the misrouting or delay of a convenience check
due to markings placed on the check by you or a prior endorser thatobscure any depository endorsement placed by us or our agent. Wemay recognize the signature of any borrower or authorized user onthis account as authorized to transact any business on the account.Convenience checks cannot be used to pay any amount you owe underthis Agreement or under any other credit agreement or account youhave with us now or in the future. Convenience checks are consideredcash advances and accrue interest according to the method describedfor cash advances under the �CALCULATION OF FINANCE CHARGES�
heading of this disclosure.Default/Collection/Attorney�s Fees
You will be in default and understand that all loan credit under this
Agreement may be terminated if (1) you do not make periodicpayments as required by this Agreement, (2) you do not keep anypromise made in this Agreement or any other agreement with this
Credit Union, (3) any information that you give us to obtain a loan
advance is false, (4) any third party attempts by legal process to takeany property belonging to you, (5) you die, become insolvent or area party to any bankruptcy proceeding, or (6) as otherwise providedin this Agreement. If you are in default, we may refuse to make any
further advances or refuse charge privileges to you and declare all
sums owed under this Agreement immediately due and payable. Wemay accept late payments or partial payments without losing any of
our rights under this Agreement. You understand that if you are in
default, we may add to your unpaid balance any reasonable attorney�s
fees and court costs, all of which you agree to pay.
Waivers and Severability
We may waive or decline to enforce any of our rights under thisAgreement without affecting any of our other rights. Shouldany provision of this Agreement be determined to be invalid orunenforceable, that determination shall not affect the validity or
enforceability of any other provision.Governing Law
This Agreement, your credit card line of credit, as well as our rights
a n d  d u t i e s  a n d  y o u r  r i g h t s  a n d d u t i e s  r e g a r d i n g  t h e m ,  w i l l b egoverned by and interpreted in accordance with federal law to the
fullest extent possible and, to the extent federal law does not apply,
in accordance with California law, regardless of where you live and
use your credit card. This Agreement is made in California. All credit
will be extended from California, and all repayment must be made
in California.Third Party/Mobile Devices
We may also permit you or any authorized user to load information
about your account onto third party/mobile devices (such as a
smartphone, tablet, or any other handheld or wearable communicationdevice that allows you to store or electronically present your accountinformation) that would enable you to make purchases or engage in
credit transactions for your account without needing to show your
credit card. You and we agree that any such use of your account willbe subject to all the terms and conditions contained in this agreement.To the extent you do use a third party/mobile device to make a credittransaction on your account, or load information about your account
onto any such device, you need to be aware that we do not control
the device and cannot guarantee the performance of either the device
o ra n yt h i r dp a r t y .Additionally:
� You agree to carefully protect the security of any devices
the same as you would your cash, checks, credit cardsand other valuable information. We encourage you topassword protect or lock your device to help prevent an
unauthorized person from using it. You agree to promptlyreport any loss or theft to both us and the third party.�
 You may incur third party fees related to engaging in atransaction (such as mobile carrier data or messagingcharges.
� Credit transactions made through a third party/mobiled e v i c e  m a y  i n v o l v e  t h e  e l e c t r o n i c  t r a n s m i s s i o n  o f
information related to you or your account across wirelessor computer networks. Third parties, such as merchants,card association networks, mobile carriers, mobile wallet
operators, and software application providers may useand receive information in connection with a credittransaction. Third parties may also receive information
about your mobile device when you use it to make a credit
transaction.� We may, at any time, partially or fully restrict your abilityto make credit transactions through a third party/mobiledevice. You agree to notify us promptly if you remove orwant to remove your account information from any third
party/mobile device.YOUR 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: SchoolsFirst FCU P.O. BOX 11547, Santa Ana, CA 92711.
You may also contact us
on our website at schoolsfirstfcu.org.
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(or electronically). You may call us, but if you do we are not required to investigate anypotential 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.Within 30 days of receiving your letter, we must tell youthat we received your letter. We will also tell you if wehave already corrected the error.
2.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 thatamount.
�  While you do not have to pay the amount in question, you
are responsible for the remainder of the 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
i nq u e s t i o no ra n yi n t e r e s to ro t h e rf e e sr e l a t e dt ot h eamount.
� If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interestand 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 within10 daystelling us that you still refuse to
pay. If you do so, we cannot report you as delinquent without alsoreporting that you are questioning your bill. We must tell you thename 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 thefirst $50 of the amount in question even if your bill is correct.Your Rights If You Are Dissatisfied With YourCredit Card Purchases
If you are dissatisfied with the goods or services that you havepurchased with your credit card and you have tried in good faith tocorrect the problem with the merchant, you may have the right not
to pay the remaining amount due on the purchase.
To use this right, the following must be true:
1.The purchase must have been made in your home stateor within 100 miles of your current mailing address, andthe purchase price must have been more than $50.(Note neither of these are necessary if your purchasewas based on an advertisement we mailed to you, or ifwe own the company that sold you the goods orservices.)
2.You must have used your credit card for the purchase.Purchases made with cash advances from an ATM orwith a check that accesses your credit card account donot qualify.
3.You must not yet have fully paid for the purchase.If all of the criteria above are met and you are still dissatisfiedwith the purchase, contact us in writing (or electronically) at theaddress or website listed above. While we investigate, the samerules apply to the disputed amount as discussed under What To Do If You Find a Mistake on Your Statement . After we finish our investigation, we will tell you our decision. At thatpoint, if we think you owe an amount and you do not pay wemay report you as delinquent.
SCHOOL EMPLOYEE
CREDIT CARD
MASTERCARD�
AGREEMENT AND
DISCLOSURESTATEMENT
January 13, 2022
M-1 3 4 7 7 7
13818702_1_M-134777.indd  1 11/30/21  4:41 PM You agree to the following terms and conditions and any amendments
thereto.Accepting This Agreement
Before you sign or use the SchoolsFirst Federal Credit Union
Mastercard� credit card issued to you, please read this Agreementthoroughly, because by using the credit card you will be agreeing with
us to the terms and conditions stated in this Agreement. If you do
not wish to be bound by this Agreement, do not use the credit cardand contact us to let us know that you wish to cancel your credit cardaccount with us. If you have received a card or checks to access the
card account, destroy them.Definitions
In this Agreement the words �you�, �your�, and �yours� mean eachand all of the person(s) who apply for and/or use the card, the words�credit card� mean the SchoolsFirst Federal Credit Union Mastercardcredit card, and the words, �we�, �our�, �us�, and �Credit Union� mean
the SchoolsFirst Federal Credit Union.Liability of All Cardholders and Authorized Users
You understand that you are liable for the payment of all sumsdue under this Agreement. If there is more than one borrower orauthorized user on this account, each person, individually, andall persons jointly are obligated to repay all sums due under this
Agreement. You agree that all statements made in your applicationfor your credit card were for the purpose of obtaining credit and aretrue, correct, and complete to the best of your knowledge and belief.
Credit Limit
This Agreement establishes a credit card account for you with anopen end line of credit. We will establish a credit limit for you, and
may increase or decrease that credit limit from time to time. We have
provided you with a separate written disclosure stating the creditlimit for purchases and cash advances on your account, and thatdisclosure is made a part of this Agreement by this reference. Your
monthly statements will show the amount of credit available to youfor purchases and cash advances as of the statement date. We will
give you written notice of any change in your credit limit. If your
credit limit is decreased for any reason, any subsequent request for acredit limit increase will be subject to credit application and approval.You agree notto use your account in any way which would make the
unpaid balance of your account or cash advances on your account
exceed your credit limit. You also agree to pay us the amount of anytransactions on your account in excess of your credit limit along withyour regular minimum payment at your next scheduled payment due
date. Purchases and advances are subject to daily limits that may
restrict the full use of your Credit Limit.Personal Identification Number
A Personal Identification Number (PIN) may be obtained by calling866-955-1347. This PIN may be used by you with your credit cardto obtain a cash advance on your account at any Automated Teller
Machine (ATM) displaying the Mastercard logo or to make purchasesat any designated point of sale (POS) machine. Please keep your PINconfidential and do not write it on or keep it with your credit card.
Credit InformationYou agree that we may re-examine and re-evaluate your
creditworthiness at any time. You authorize us to obtain, from timeto time, information from others, including, but not limited to credit
reporting agencies, concerning you and your credit accounts. You
also authorize us to respond to requests from others and to provideinformation regarding the status and history of your account with us.
However, we are not obligated to release any such information toanyone unless we are required by law to do so. You agree that wehave the right to refuse future advances under your line of credit orreduce your credit limit upon re-examination and re-evaluation of yourcreditworthiness, should your creditworthiness change significantly.
Change of Name, Address, Employment, Telephone
You agree to promptly report to us any change in your name, address,
employment, or telephone number.Balance Transfers
Balance transfers are the transfer of balances from other lendersto your SchoolsFirst FCU credit card and cannot be applied to any
amount you owe under any other credit agreement or account you
have with SchoolsFirst FCU.Purchases/Balance Transfers/Cash Advances
You may access your line of credit by making a purchase at amerchant�s location that accepts the credit card, by requesting a
Balance Transfer orally or electronically, or in writing, or by making
a cash advance. We will not be responsible or liable to you should
anyone refuse to accept or honor your card, or should anyone retainyour card and not return it to you. You may request cash advances
under this Agreement by writing a SchoolsFirst FCU convenience
check; by making a written, telephone or electronic request to us; orby requesting a cash advance at a financial institution or an ATM thataccepts the credit card. You agree to repay all advances for purchases,balance transfers, and cash advances made to you or at the requestof a joint borrower or authorized user under this Agreement, and youunderstand that all purchases, balance transfers, and cash advances
will be subject to the terms of this Agreement. You agree not to
request advances, balance transfers, or make purchases or use your
account in any way that would make the unpaid balance of your
account exceed your credit limit. Cash advances cannot be used topay any amount you owe under this Agreement or under any othercredit agreement or account you have with us now or in the future.
Minimum Monthly Payments
You will receive a statement for each monthly billing period in which
your account has an outstanding or credit balance. The minimummonthly payment on your account is calculated at 2% of thestatement balance or $25, whichever is greater. If your accountbalance is greater than your limit or your account is past due, you
will be billed for the greater of: the minimum monthly payment; orthe past due amount; or the overlimit amount. If the account is not
paid down to the limit or below, the account is subject to closure.The minimum monthly payment must be received at the paymentcenter on or before the payment due date reflected on the front of your monthly billing statement or the payment may be consideredpast due. Payments made in excess of the minimum payment willbe applied first to the balance with the highest interest rate, thensuccessively to each lower interest rate until the excess paymentamount is exhausted. If you have a credit balance on your accountdue to merchant credits, adjustments or overpayments, we willhold and apply this credit balance against future purchases andcash advances, or refund it at your written request. An increase or
decrease in the Annual Percentage Rate may result in an increase or
decrease in your monthly payment.Promise to Pay
You agree to pay us, at the payment address stated on the frontof your monthly billing statement, all sums which have been
accumulated on your account by you or others with your permission,together with any finance charges, late charges and any other servicecharges computed on your account as set forth in this Agreement.Authorizations
Most transactions require approval of funds. Approvals result inplacing a hold against your credit limit. We may limit the number
or amount of approvals or purchases and advances per day or deny
transactions when we detect unusual or suspicious activity, even ifyou have sufficient credit available. We are not liable for failing to
approve any transaction and we may, although we are not requiredto, approve transactions above your available credit. We are not liableif a merchant, financial institution, or ATM does not honor your card.
Membership Requirement
You must be a Member in good standing to be eligible for a credit
card with us. We may suspend card privileges, including closing your
account, if you do not maintain your Membership with us in good
standing.Responsibilityfor Account
You agree to repay us according to the terms of this Agreement forall purchases, advances, finance charges, fees and collection costs, ifany, arising from the use of this account by you or any other person
you permit to use your card and/or account (even if that person
exceeded the amount for which you gave permission). If you decideto close your account, please notify us orally or in writing and returnall card(s) on the account. You remain liable for any transactions tothe account that we cannot prevent after you notify us. Any personusing the account and/or card is jointly and severally responsible for
all charges on the account.Lost, Stolen or Unauthorized Use
It is important to continually monitor your monthly statements to
identify any unauthorized transactions. If your card is lost or stolen,
or you believe that someone has accessed or may access moneyfrom your card without your permission, notify us immediately. Ifyou notice unauthorized or fraudulent activity on your card, notify
us immediately. Notify us at the phone number or address listed onyour statement under �How to Reach Us�. See
Your Billing Rights for
further information. If your card is used fraudulently, you agree to
assist us in our investigation.Annual Percentage Rate
SchoolsFirst FCU has a loan program, which features a range ofinterest rates for some of its consumer loans. A rate is based on a
variety of factors, including the applicant�s credit rating.
This Agreement establishes the Annual Percentage Rate for
Purchases, Balance Transfers and Cash Advances under this credit
card program. We have provided you with a separate writtendisclosure stating the Annual Percentage Rate that will apply to
purchases, balance transfers, and cash advances on your account.That disclosure is made part of this Agreement by this reference.
Annual Percentage Rate - Variable Rate Credit Program
TheAnnual Percentage Rate is subject to change monthly on thefirst day of the billing cycle. Note that an increase in the Annual
Percentage Rate may result in greater interest charges and a larger
monthly payment.
We reserve the right to waive a change in your Annual Percentage
Rate when such a change can be made, but such waiver shallnot be construed as a waiver of our right to change the Annual
Percentage Rate at a future date when entitled to do so.
The rate is determined by adding an index plusa margin. The index is the highest �Prime Rate� as reported in the �Money Rates� tablesof the online version of The Wall Street Journal on the first business
day of the month preceding the start date of each current billingcycle. The tier and margin, and subsequently the APR you receive,is determined by your creditworthiness. The maximumAnnual
Percentage Rate is18.00% .Variable Rate Margins
Tier1+ Margin
Purchases 3.25%
Balance Transfers 3.25%
Cash Advances 8.25%
Tier1 Margin
Purchases 4.25%
Balance Transfers 4.25%
Cash Advances 9.25%
Tier2 Margin
Purchases 6.25%
Balance Transfers 6.25%
Cash Advances 11.25%
Tier3 Margin
Purchases 8.25%
Balance Transfers 8.25%
Cash Advances 13.25%
Tier4 Margin
Purchases 13.25 %
Balance Transfers 13.25 %
Cash Advances 17.90%
Tier5 Margin
Purchases 17.90%
Balance Transfers 17.90%
Cash Advances 17.90%
Annual Percentage Rate - Penalty Rate
If your credit card account is delinquent 60 days, we will increase
your Annual Percentage Rate on the entire balance to 17.90%. The
Penalty APR will continue to apply unless you make 6 consecutiveminimum payments when due (beginning with the billing cycle
immediately following the application of the Penalty APR) and do notexceed your credit limit during that time period. If these requirementsare met, your credit card rate will be lowered to reflect your original
tier.Monthly Periodic Rate
The Monthly Periodic Rate is determined by dividing the AnnualPercentage Rate by twelve (12 months in a year).
Calculation of Interest Charges
Interest Charges for each monthly billing cycle will be calculatedby multiplying the Average Adjusted Daily Balance by the Monthly
Periodic Rate. We will calculate your Average Adjusted Daily Balanceas follows: We take the outstanding balance (all amounts you owe)at the start of the day. Then, in the sequence in which the amountpost to your account, we add the amount(s) of all debits and subtractthe amount(s) of all payments and credits which post to your account
that day. After applying payments and credits, we subtract any
amount of late charge, interest charge, and any other charges that
remain unpaid.
The result is the adjusted daily balance for that day. We add together
all the adjusted daily balances for each day in the billing cycle and
divide the total by the number of days in the billing cycle. The resultis the Average Adjusted Daily Balance for that billing cycle.Interest Charges are imposed only if you do not pay in full the newbalance for Purchases shown on your Periodic Statement within 25
days of the end of the statement period. However, interest chargeswill be assessed and will accrue on any cash advance (
see Purchases/ Cash Advances
) from the date that such cash advance transaction isposted to your account to the date the cash advance balance is paidinfull or the Statement Closing Date whichever comes first, even ifpayment of the entire New Balance is received by us by the PaymentDue Date. In other words, there is no time period within which credit extended to you by a cash advance may be repaid without incurring
an interest charge.Late Charge
If the minimum payment due is not received by the Credit Union
within 15 days after the payment due date, a late charge of $25 will
be imposed.Additional Fees and Service Charges
We may charge additional service charges for the following:
�  Each draft copy that you request: $10�
 Additional copies of your monthly billing statement:
$2 (per statement)�
 Any payment instrument or method including check, in-person, ACH or other electronic transaction returned to us
for any reason: $20
� Researching transactions occurring prior to your most
recent account statement: $20 per hour, minimum $20�
 Convenience check stop payment: $15�
 Balance transfer stop payment fee: $15�
  Each request to have a credit card delivered by courier: $20
Change in Terms
This Agreement is the contract which applies to all transactions on
your Account, even though the sales, Cash Advance, credit, or other
documents you sign, agree to, or receive, may contain different
terms. We may amend, modify, add to, or delete from this Agreement
any term, condition, service, or feature at any time, including theamount or calculation of INTEREST CHARGES. Unless we stateotherwise, the change will affect any unpaid balance outstanding
and any subsequent transactions. A notice will be mailed to your lastknown mailing address or sent through email (if you have consented
to receive electronic communications) at least 45 days prior to the
effective date of the change as required by federal or other law. Whena notice of change in terms is required, it may be sent as late as theeffective date of the change when the change has been agreed to in
w r i t i n gb yy o u . R a t e sa r eb a s e do na p p r o v e dc r e d i t .
Cancellation of Card
You may cancel your card at any time in writing, enclosing all cards
on your account cut in two. Cancellation of the card will end all
charging privileges. We have the right to revoke your right to usethe credit card at any time. We can do this with or without causeand without giving you notice. We may list revoked credit cards ina cancellation bulletin or otherwise inform firms honoring the creditc a r d  t h a t t h e  c r e d i t  c a r d i s s u e d  t o y o u  h a s  b e e n  r e v o k e d o rcancelled. If we revoke the credit card or it expires, you mustreturn it to us if we so request. Also, if a firm that accepts the creditcard asks you to surrender an expired or revoked credit card, youmust do so. You may not use the credit card after it has expired orafter it has been revoked. Cancellation or revocation of your creditcard will not affect your obligation to pay any amounts that maybe due under this Agreement.
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