Credit Card Agreement and Truth-in-Lending Disclosure 

MICHIGAN FIRST CREDIT UNION 

CREDIT CARD AGREEMENT   
AND TRUTH-IN-LENDING DISCLOSURE 
THIS IS YOUR AGREEMENT WITH MICHIGAN FIRST CREDIT UNION (CREDIT 
UNION) REGARDING RIGHTS AND RESPONSIBILITIES ASSOCIATED WITH 
OBTAINING A VISA® CREDIT CARD. THE DISCLOSURE STATEMENTS THAT 
FOLLOW ARE REQUIRED BY FEDERAL REGULATIONS, INCLUDING THE TRUTH IN 
LENDING AND FAIR CREDIT BILLING ACTS. PLEASE READ THIS DISCLOSURE 
CAREFULLY TO BE FAMILIAR WITH YOUR RIGHTS AND RESPONSIBILITIES. IT IS 
IMPORTANT TO RETAIN THIS NOTICE FOR FUTURE REFERENCE AND TO NOTIFY 
US AT ONCE IF ANY PARTS ARE UNCLEAR. 

1.    WORDS OFTEN USED IN THIS AGREEMENT. The word “Agreement” means this 
Michigan First Credit Union Credit Card Agreement and Truth-in-Lending Disclosure 
and the document provided to you along with this agreement and disclosure 
containing Credit Card Account Opening Disclosures and information concerning 
How Your Annual Percentage Rate is Determined. In this Agreement, the words 
“you” and “your” mean or refer to each and all persons who have applied for the Card 
or Cards. “Card” means the Visa Credit Card or Cards, and any duplicates and 
renewals thereof, or substitutions thereof, we may issue to you. “Account” means 
your Visa Credit Card line of credit loan account with us. “We,” “us” and “ours” means 
or refers to Michigan First Credit Union and the document provided to you along with 
this agreement and disclosure containing Credit Card Account Opening Disclosures 
and information concerning How Your Annual Percentage Rate is Determined.   

2.    THIS IS YOUR CONTRACT WITH US. Once this Agreement is sent to you, it 
becomes a binding contract. When you (i) signed a paper application for your 
Account, (ii) completed an on-line application for your account, (iii) applied for your 
Account by calling our Call Center, or (iv) applied for your account in person with one 
of our Financial Sales Representatives, you acknowledged that you would receive a 
copy of this Agreement and promised to abide by the terms of this Agreement, 
including all applicable laws. This Agreement is a Truth-In-Lending Disclosure 
Statement as well as a contract. 

3.  SIGN THE CARD. Your Card(s) have been embossed as you have directed. Each 

Card must be signed (in the space provided on the back) by the person whose name 
is embossed thereon. That signature must be in the same form as embossed on the 
front of the Card. However, your liability under this Agreement does not depend on 
whether you sign your Card.   

4.  USING THE CARD. By using this Card, you are agreeing to comply with the terms of 
this Agreement. To make a Purchase or Cash Advance, present the Card to a 
participating Visa plan merchant or financial institution and sign the sales draft or 
cash advance draft (when required) which will be imprinted with your Card or 

 
 
 
 
generated after your Card’s number has been magnetically read or otherwise 
provided. Please note that we are not responsible if a particular Visa plan merchant 
or financial institution refuses to honor your Card. You can receive a copy of any draft 
you sign or a corresponding transaction slip when using the Card. You should retain 
all such items to verify your monthly statement. We will upon request furnish you with 
a copy of a draft for a charge per copy; however, there will be no charge in cases 
involving error resolution. You may use your Card to make purchases and cash 
advances primarily for personal, family, or household purposes. In addition, you may 
obtain cash advances from the Credit Union or from other financial institutions that 
accept Visa Cards or ATMs that accept Visa Cards. Whenever you request a 
transaction, you may be required to prove your identity. When the amount advanced 
appears on a subsequent statement, that statement reference will be conclusive 
evidence of the request. To obtain an advance at an ATM you must use a Personal 
Identification Number (PIN) that was issued for use with the Card. 

5. 

ILLEGAL TRANSACTIONS. You agree that you will only use your Account for 
transactions that are legal where you reside. Display of a payment card logo by an 
on-line merchant does not mean that the transaction with that merchant is legal 
where you reside. You agree not to use your Card for any illegal transactions. We will 
not be liable if you engage in any illegal transactions. 

6.    PROMISE TO PAY. You promise to repay to us all debts and the FINANCE CHARGE 

thereon arising from any authorized use of the Card. You agree not to let someone 
else use the card without our consent. If the application was signed by two persons, 
the Account is joint; that is, each of you, separately and jointly with each other, is 
liable for all debts on the Account and FINANCE CHARGE(S). Your obligation to pay 
all such debts and FINANCE CHARGE(S) continues even though an agreement, 
divorce decree or other court judgment to which we are not a party may direct that 
only one of you, or some person other than you (or both of you), must pay such debts 
and FINANCE CHARGE.   

7.    CREDIT LINE. When we approved your application, we established a 

self-replenishing line of credit for you and notified you of the amount thereof (“credit 
limit”) in the document your Card/s were attached to. That document is hereby 
incorporated herein as part of this Agreement. You agree not to let your Account 
Balance exceed such amount, and you agree to pay us the total amount over the 
credit limit upon our demand whether or not we authorized the advance(s) which 
caused you to exceed your credit line. Unless you are in default, each payment you 
make on the Account will replenish your credit limit by the part of that payment which 
is applied to principal. You may request an increase in the credit limit by a written 
application, which must be approved by us. We may increase or decrease the limit 
from time to time or may, with good cause, revoke your Card and terminate this 
Agreement; in either event, we will give you written notice of such action. “Good 
Cause” includes your failure to satisfy the terms of this Agreement or our adverse 
reevaluation of your creditworthiness; in either event, we will give you written notice 
of such action. In the event your Account is cancelled or revoked due to default, the 
balance at the time of default may be transferred in-house with the Credit Union and, 
as a consequence thereof, be separately billed as an in house arrangement or 

included within any other open-end credit plan you have with us, with collection to be 
at the same rate and under the same terms and conditions as provided for in this 
Agreement. You may terminate this Agreement, at any time and for any reason, by 
giving us written notice. Nevertheless, termination by you or by us does not affect 
your obligation to pay all debts and FINANCE CHARGE thereon arising from 
authorized use of your Card. The Cards remain our property and you must recover 
and surrender to us all Cards upon our request or upon termination of this 
Agreement. 

8.    JOINT ACCOUNTS. If more than one person signed the application, each person 

who signed it promises to pay all amounts owed to us under this Agreement. Each of 
you authorizes the other(s) to make purchases, withdrawals or cash advances 
individually. Any one of you may cancel the Account. The cancellation will be 
effective to all of you. Each of you is jointly and severally obligated. This means that 
we may collect money owed to us from each of you or from all of you regardless of 
your current domestic relationship or other legal proceedings. In any event, all of you 
will continue to be jointly and severally obligated until all Cards are returned and the 
debt is extinguished. 

9.    AUTHORIZED USERS. You may allow Authorized Users on your Account by 

notifying us that you want someone added to the account as an Authorized User and 
obtaining our consent. Additionally, though not allowed, you will be deemed to have 
personally authorized another user in the following ways: (1) by lending your Card or 
Account Number to another (without our required consent); or (2) by any other means 
in which you would be legally considered to have allowed another to use your 
Account or be legally prevented from denying that you did so. You should think 
carefully before you allow someone to become an Authorized User (in any manner). 
By doing so, you authorize the person to use your Account to the same extent you 
can, including but not limited to making Purchases, Cash Advances, Balance 
Transfers and allowing others to use your Account. Your Account does not permit you 
to limit the nature or amount of authority you give to any Authorized User and you 
agree that you will not attempt to do so. An Authorized User’s authority will continue 
until you both notify us that you are terminating the authority and you physically 
retrieve the Card. If you cannot retrieve the Card, you will remain liable for any 
transactions we cannot prevent after you notify us. 

10.   PAYMENTS. We will send you a statement every month showing your Previous 

Balances of purchases and cash advances, the current transactions on your account, 
the remaining credit available under your Credit Line, the New Balances of purchases 
and cash advances, the Total New Balance, the FINANCE CHARGE due to date, 
and the Minimum Payment required. Every month you promise to pay at least the 
Minimum Payment on or before the due date shown on your statement. 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) 3% of your Total new Balance (rounded to the 
nearest dollar), 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 limit, you must immediately pay the excess upon our demand. 
Any payment check or other form of payment that you send us for less than the full 
balance due that is marked “paid in full” or contains a similar notation, or that you 
otherwise tender in full satisfaction of a disputed amount, must be sent to the Credit 
Card Disputes Department, Michigan First Credit Union, 27000 Evergreen Road, 
Lathrup Village, MI 48076-9896. We reserve all our rights regarding these payments 
(e.g., if it is determined that there is no valid dispute or if any such check is received at 
any other address, we may accept the check and you will still owe any remaining 
balance). We may refuse to accept any such payment by returning it to you, not 
cashing it, or destroying it. All other payments that you make should be sent to the 
appropriate payment address. 

The Credit Union at its sole discretion, may give you the option of skipping one or 
more monthly credit card payments during the calendar year. If you are eligible to 
skip a payment for any given month the minimum monthly payment shown on your 
periodic statement will be zero. If you do so, interest charges on outstanding 
balances will continue to accrue during those months, but late charges will not be 
applied. Here’s the best part - you don’t even need to apply. 

11.  PAYMENT ALLOCATION. We may select and change the method by which 

payments and credits are allocated to your account at our sole discretion; however, 
payments will be allocated to billed amounts before they are allocated to unbilled 
amounts (transactions incurred since your last statement) and payments amounts in 
excess of the required minimum monthly payment will be applied to higher rate 
balances before they are applied to lower rate balances. Payment for more than the 
minimum amount due will be accepted as a single payment for the month; the amount 
over the minimum is not applied toward future payments due. 

12.   FINANCE CHARGE. Your account is subject to a variable rate. Your ANNUAL 

PERCENTAGE RATE (APR) may increase or decrease if the Index used by the 
Credit Union increases or decreases. The Index is the highest rate of interest 
indentified as the “Prime Rate” in the “Money Rates” section of The Wall Street 
Journal on the third business day preceding the end of the most recently concluded 
calendar quarter.    To determine the ANNUAL PERCENTAGE RATE that will apply 
to your account, a Margin is added to the value of the Index. Your Margin and the 
required disclosures of your ANNUAL PERCENTAGE RATE and corresponding 
monthly periodic rate are set forth in the “How Your Annual Percentage Rate is 
Determined” section of the separate document provided to you referred to in Section 
1. The ANNUAL PERCENTAGE RATE can change quarterly on the first day of the 
billing cycles which begin in the months of January, April, July, and October. There is 
no limit on the amount by which the ANNUAL PERCENTAGE RATE can change 
except that the ANNUAL PERCENTAGE RATE will never be more than 25.00%.    In 
no event will the rate ever exceed the maximum rate permitted by law. Any change in 
the ANNUAL PERCENTAGE RATE affects your entire balance and is effective at the 
beginning of the first billing cycle which follows the change. The Credit Union 
reserves the right to substitute a similar index if the index described above becomes 
unavailable. The FINANCE CHARGE is calculated by applying the above periodic 
(monthly) rate to the Average Daily Balance (including new purchases). An “Average 

 
Daily Principal Balance” is calculated separately for purchases and cash advances 
and is determined as follows: For each day during the statement period (billing cycle) 
the principal balances of purchases and of cash advances from the previous day are 
increased by any purchases or cash advances posted to the Account that day and 
decreased by any payments or credits posted to the Account that day. Such daily 
principal balances are separately totaled and then divided by the number of days in 
the statement period (billing cycle), resulting in the “Average Daily Principal 
Balances” of purchases and cash advances shown on your statement. You can avoid 
FINANCE CHARGES on purchases by paying the full amount of the New Balance of 
Purchases each month on or before the payment due date shown on your monthly 
statement.    Otherwise, the New Balance of Purchases, and subsequent purchases 
from the date they are posted to your account, will be subject to FINANCE CHARGE, 
except that if during the previous billing cycle you paid all amounts owing in full by the 
Payment Due Date, then in the current billing cycle you will have a free interest period 
on the amount of the New Balance of Purchases remaining from the previous billing 
cycle that is paid by the Payment Due Date based on our payment allocation method. 

13.   PERIODIC STATEMENTS. We will send you a statement every month showing your 
previous balance, purchases and cash advances, payments made on your account, 
periodic rate, annual percentage rate, finance charge and its method of computation, 
any other charges, free interest period, payment due date, procedures for error 
resolution, Minimum Payment required, and the closing date with corresponding New 
Balance for the billing cycle. You may not receive a statement on your Account if 
there has been no activity or if collections procedures have been initiated against you 
because you are in default. Each statement is deemed to be a correct statement 
unless you establish a billing error pursuant to the Federal Truth in Lending Act as 
described in this Agreement. 

14. DEFAULT. You will be in default and we may, to the extent permitted by law, 

terminate your credit line and declare the entire unpaid balance of the account 
immediately due and payable, under any of the following conditions: 

•  you fail to make the minimum payment by the statement payment due date; 

•  you breach any other promises made in or conditions of the Agreement and/or any 

other agreement with us; 

•  you use your card for an illegal transaction; 

•  if you become involved in any insolvency, receivership, guardianship, 

conservatorship, or any other proceeding which determines you are incapable of 
managing your financial affairs, including filing for Bankruptcy; 

•  you have made a false or misleading statement in your credit application and/or in 

your representation to us while you owe money on your account; 

•  a judgment or tax lien is filed against you or any attachment or garnishment is 
issued against any of your property or accounts, including anyone starting an 
action or proposing to seize any of your funds on deposit with us; 

•  we in good faith determine that your creditworthiness (which includes your ability to 
repay us) has become unsatisfactory due to change in employment, increase in 

your other obligations, or because of any other reason, time being of the very 
essence; 

•  you die; or 

•  government action precludes us from imposing the annual percentage rate or a 

government authority has notified us that continued advances constitute an unsafe 
and unsound practice. 

In the event of any default, we may, at our option, declare the entire balance on the 
Account to be immediately due and payable. If you are in default we may, instead of 
terminating your Account and declaring the entire unpaid balance due and payable, 
suspend your credit privileges but not declare what you then owe immediately due 
and payable. If we do the latter, we reserve the right to later terminate the Account 
and declare the entire unpaid balance due and payable at any time before you cure 
the default by paying all past due amounts. 

15.   COLLECTION COSTS. You also agree that, in case of default, you will pay all usual 
and customary costs of collection permitted by law, including, but not limited to, 
attorney fees and expenses incurred by us in the enforcement of this agreement. 

16.   DELAY OR FAILURE TO ENFORCE. We do not lose our rights under this or any 

related agreement if we delay or fail to enforce them. We can accept late payments or 
partial payments without losing any of our rights under this Agreement. 

17.   NOTIFICATION OF ADDRESS CHANGE. You agree to notify us promptly if you 

change your name, street address, email address or telephone number. 

18.   ADDRESS FOR NOTICES TO US. All notices under this Agreement must be in 

writing and mailed to Michigan First Credit Union, 27000 Evergreen Road, Lathrup 
Village, Michigan 48076. 

19.  CHANGE IN TERMS. From time to time, we may amend this Agreement by mailing a 
written notice of the amendment to you at the last address shown for you in our 
records. In the event the terms we are changing require advance notice by law, we 
will comply with the requirements of that law.   

20.   YOU MAY CANCEL THE ACCOUNT. You may cancel the account whenever you 

choose. If you do, you agree to cut each Card in half and return it to us at the address 
shown in Section 18 above, along with your written notification that you wish to cancel 
the Account. Such cancellation will become effective within five days after the notice 
is received by us. You will still be responsible for the repayment of any outstanding 
balance on your Account and any other amounts that have not yet been billed to you. 

21.   WE MAY CANCEL THE ACCOUNT. We have the right to cancel the Account at any 
time upon written notice sent to you at the last address shown for you in our records. 
You agree to discontinue the use of the Cards, and to return the Cards to us, at our 
request.   

22.   CREDIT REPORTING AGENCIES. You authorize us to investigate your credit 

standing when opening, renewing or reviewing your Account, and you authorize us to 
disclose information regarding our experience with you under this Agreement to 
consumer reporting agencies, bureaus and other creditors. If you request it, we will 

 
provide the name and address of each consumer reporting agency used for this 
purpose. If you believe we have reported inaccurate information about you to a 
consumer reporting agency, please notify us at Michigan First Credit Union, 27000 
Evergreen Road, Lathrup Village, Michigan 48076. In doing so, please identify the 
inaccurate information and tell us why you believe it is incorrect. If you have a copy of 
the credit report that contains the alleged inaccurate information, please send us a 
copy of that report as well. You are hereby notified that negative information will be 
provided to appropriate consumer reporting agencies if you fail to perform your 
obligations under this agreement. 

23.   TRANSACTION SLIPS. Your periodic statement will identify the merchant, electronic 
terminal location, or financial institution at which transactions were made, but sales, 
cash advances, credit or other slips cannot be returned with each statement. You 
must retain the copy of such slips furnished at the time of each transaction in order to 
verify the transactions listed on your statement. You agree to pay a reasonable fee 
for photocopies of transaction slips that you request. 

24.   CREDITS. If merchants who honor your Card give you a credit for returns or 

adjustments, they will do so by processing a credit which we will post to your Account. 
You should keep your copy of the credit slip to verify your monthly statement. If your 
credits and payments exceed what you owe us on the Account we will credit such 
excess to the Account and, if the amount is $1.00 or more, we will credit it to your 
share account after two (2) months or upon your written request. 

25.   FOREIGN TRANSACTIONS. Purchases and cash advances made in foreign 

countries and foreign currencies will be billed to you in U.S. dollars. The exchange 
rate for transactions in a foreign currency will be a rate selected by Visa from the 
range of rates available in wholesale currency markets for the applicable central 
processing date, which rate may vary from the rate Visa itself receives, or the 
government mandated rate in effect for the applicable central processing date. In 
addition, as provided in Section 30, we will separately bill you a 1% International 
Transaction Fee. 

26.   TRANSACTIONS WITH MERCHANTS.   

•  Return Policies – If a merchant discloses a policy such as but not limited to “no 
returns,” “no refunds,” “as is,” or “all sales final” you will be bound by that policy 
when you use your Account to buy goods or services from that merchant. 

•  Reservations – When using your Account to make a travel or lodging reservation, 
obtain the merchant’s cancellation policy and follow it if you wish to cancel. If you 
cancel, obtain the merchant’s cancellation number that is required to be provided 
to you. The merchant may charge you for a cancelled transaction unless you can 
provide us with the merchant’s cancellation number. 

•  Recurring Transactions – If you authorize a merchant to charge your Account for 
repeat transactions without your Card, you must notify the merchant, and not us, 
when you want to discontinue the repeat transactions. 

•  Dispute Access – If you disagree with a transaction on your statement or have a 
dispute with a merchant as a result of a transaction, you agree to provide us with 

information and assistance we reasonably request. Otherwise, you will pay us for 
any resulting loss we have, unless we are prohibited by law from holding you liable 
for our loss. 

27.   CARD AGREEMENT. You understand that your Visa Credit Card is issued by us, 
remains our property, and is subject to rules governing ATM networks, which 
financial institutions must follow. The Cards are not transferable. By using your Card, 
you are agreeing to the following additional terms: (1) To abide by the rules and 
regulations and those of the participating ATM network as may be amended; (2) That 
we and the ATM network may follow all electronic instructions given through the 
ATM; (3) that we may restrict the use of or terminate your Card at any time without 
notice to prevent loss to your account or to the Credit Union; (4) your Card may not be 
used for any illegal transaction. 

28.   DAILY LIMITS. You agree to adhere to any daily limits established by the Credit 
Union in conformance with the ATM network agreement and which are subject to 
modification to preserve the integrity of the ATM network and prevent loss to the 
Credit Union or its members. The current daily limit is $500.00, the credit union may 
change this limit in its discretion and without prior notice. 

29.   PERSONAL IDENTIFICATION NUMBER (PIN). Upon request we will furnish you 

with a Personal Identification Number (PIN). You agree to keep the PIN confidential. 
You also agree you won’t write the PIN on the Card or anything you keep with the 
Card. Your use of the PIN and Card in getting a Cash Advance or making a Purchase 
is agreed to constitute your signature for purposes of such transactions. You can also 
use your card together with your Personal Identification Number (PIN) to get a Cash 
Advance from an Automated Teller Machine (ATM) in the Visa Network, to get a 
Cash Advance from a Visa financial institution, or to make a Purchase from a 
merchant that uses the Card in an electronic terminal that accesses the Visa system. 
IF YOU FORGET OR DO NOT ENTER YOUR PIN CORRECTLY, THE ATM MAY 
KEEP YOUR CARD THE THIRD TIME THE PIN IS ENTERED INCORRECTLY. 
THIS PROCEDURE IS FOR SECURITY MEASURES. KEEP YOUR PIN IN A 
SECRET PLACE. If you authorize us to issue a Card to anyone else for use through 
any electronic access device, you are authorizing that individual to withdraw funds 
from any account which can be accessed by that Card, regardless of whether that 
individual is authorized to withdraw money from the account by any other means. 

30.   FEES AND CHARGES. You agree to pay the various fees and charges related to this 
Agreement and included in the Fee Schedule that is accessible to members upon 
request. You agree to pay any related charges that are imposed as a result of your 
use of the Visa Credit Card or an ATM. Current fees associated with the Visa Credit 
Card include: 

•  Late Payment: If the required minimum payment due under this Agreement is not 

received on or before the tenth day after its due date, your account may be 
charged, and you agree to pay, a LATE CHARGE of $25.00. No further late 
charges will be imposed after this Agreement has become due and payable in full 
due to default as specified in the section of the Agreement entitled “Default.” The 
charge shall be treated as a purchase on your monthly statement. 

•  Cash Advance Fee:    We will impose a fee on each cash advance transaction of 

either $5 or 2% of the amount of each cash advance, whichever is greater. 

•  Returned Checks: If a check or share draft used to make a payment on your 

account is returned unpaid, your account may be charged, and you agree to pay, a 
RETURNED CHECK CHARGE of $25.00. The charge shall be treated as a 
purchase on your monthly statement. 

•  Returned Electronic Funds Transfer Payments: If an electronic funds transfer used 
to make a payment on your account is returned unpaid, your account may be 
charged, and you agree to pay, a RETURNED ELECTRONIC FUNDS 
TRANSFER CHARGE of $25.00. The charge shall be treated as a purchase on 
your monthly statement. 

•  Draft Copy: Your account may be charged, and you agree to pay, $5.00 for each 
copy of a sales draft and $5.00 for each copy of a statement that you request 
(except when such request is made in connection with a billing error). 

•  Replacement Card: Your account may be charged, and you agree to pay a fee of 

$10.00 for replacement of Card(s). 

•  ATM Fees: Your account may be charged, and you agree to pay, any ATM fees, 

including surcharges or other fees imposed by a financial institution or network for 
transactions at ATMs. 

•  International Transaction Fee: Your account may be charged, and you agree to 
pay, a 1% INTERNATIONAL TRANSACTION FEE on all transactions where the 
merchant country differs from the country of the card issuer (that is, for any 
transaction outside of the United States). The converted transaction amount will be 
shown separately from the International Transaction Fee on your billing statement. 
This fee will be assessed on all international purchases, credit vouchers, and cash 
disbursements. 

31.   LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS. We will not be liable 
for transactions that are not completed if any of the following circumstances apply: 

•  Through no fault of ours, you do not have sufficient funds available in your credit 

line; 

•  The transaction would cause you to exceed your credit limit; 

•  The ATM where you are requesting a cash advance does not have enough cash; 

•  The terminal or system was not working properly and you knew of the malfunction 

at the time you initiated the transactions; 

•  Circumstances beyond our control (such as fire or flood) prevent the transaction, 

despite reasonable precautions we have taken; 

•  Your Card is retained by the ATM; 

•  Your Card or PIN has been reported lost or stolen and your account has been 

blocked or frozen; 

•  Your account is in default;   

•  You or anyone authorized by you to conduct a transaction commits fraud or 

violates any laws or regulations; or 

•  You fail to follow the instructions on the screen or terminal. 

32.   LIABILITY FOR UNAUTHORIZED USE. You may be liable for the unauthorized use 

of your credit card. You will not be liable for unauthorized use that occurs after you 
notify Michigan First Credit Union at the address or telephone number set forth 
below. You must notify us orally or in writing of the loss, theft, or possible 
unauthorized use. In any case, your liability will not exceed $50.00. Notify us at: 

P.O. Box 31112 
Tampa, FL 33611-3112 
800-654-7728 
Michigan First Credit Union 
27000 Evergreen Road 
Lathrup Village, Michigan 48076 
800-664-3828 

33. LIMITATIONS OF RESPONSIBILITY. We will not be responsible for merchandise or 
services purchased by you with the Card. We are not liable for the refusal or inability 
of merchants, financial institutions and others to accept your card(s) or electronic 
terminals to honor them or complete a transaction, or for their retention of the 
Card(s). 

34. SECURITY INTEREST. If you separately signed the portion of your application for this 
Account dealing with the creation of a security interest, you grant us a security 
interest in all present and future shares and deposits you have with us, whether you 
own them singly or own them jointly but have the right to withdraw from them without 
the consent of another person not obligated on the account to secure your Account. 
This grant does not apply to Individual Retirement Accounts and other accounts 
which provide tax benefits under state or federal laws. Upon default under this 
Agreement you agree that we may apply all of your shares and deposits subject to 
this security interest to pay amounts due on the Account under this Agreement. You 
also agree to grant us a security interest in collateral (other than collateral consisting 
of (i) real estate that is your principal residence and (ii) household goods) securing 
other loans with us to secure your Account. 

35.   BUSINESS DAY. Our business days are Monday through Friday. Saturdays, 

Sundays and federal holidays are excluded. 

36.   GOVERNING LAW. The Agreement and your Account and any claim, dispute, or 

controversy arising from or relating to this Agreement or your Account, whether 
based on contract, tort, fraud, and other intentional torts, statute, common law and/or 
equity, are governed by and construed in accordance with the laws of the State of 
Michigan (without regard to its conflicts of laws principles or rules) and applicable 
federal laws. The legality, enforceability and interpretation of this Agreement and the 
amounts contracted for, charged and received under this Agreement will be governed 
by such laws. This Agreement is entered into between you and us in the State of 
Michigan, and we make credit decisions under this Agreement from the State of 

Michigan. You further consent to the jurisdiction and venue of the State or Federal 
Courts having jurisdiction over the City of Lathrup Village, Oakland County, Michigan. 

37.   ASSIGNMENT. We may sell, assign or transfer all or any portion of your Account, or 

any balance due under your Account, without prior notice to you. You may not sell, 
assign or transfer your Account or any obligations under this Agreement. 

38.   LOST/STOLEN CARDS. You agree to notify us immediately upon discovering that 
your Card has been lost or stolen by calling us at 800-449-7728 or 800-664-3828. 

39.   INFORMATION ABOUT YOU AND YOUR ACCOUNT. We will not disclose your 

non-public personal information to unaffiliated third parties except as otherwise 
permitted or authorized by law. Please refer to our Privacy Policy Notice for a full 
explanation of how we protect your information. You may obtain a copy of our Privacy 
Policy Notice by calling us at 800-664-3828. 

40.  BENEFITS AND PROGRAMS. We may from time to time offer additional services to 
your Accounts or special programs related to you being a Cardholder, such as travel 
accident insurances, at no additional cost to you. You understand and agree that we 
are not obligated to offer such services or programs and may withdraw or change 
them at any time. 

41.   SEVERABILITY. If any provision of this Agreement is determined to be void or 

unenforceable under applicable law, regulation, or rule, all other provisions of this 
Agreement shall be valid and enforceable. 

42.   ENTIRE AGREEMENT/EFFECT OF AGREEMENT. This Agreement, together with 

any application you signed or otherwise submitted in connection with the Account 
and any mailer/document sent to you with your Card (all of which are hereby 
incorporated by reference in this Agreement), constitutes the entire agreement 
between you and us relating to your Account, supercedes any other prior or 
contemporaneous agreement between you and us relating to your Account, and 
applies to every transaction relating to the Account even though a sales or cash 
advance draft you sign or a credit slip may contain different terms. This Agreement 
may not be amended except in accordance with the provisions of this Agreement. 
You further acknowledge receipt of a copy of this Agreement. 

43.   CREDIT UNION MEMBERSHIP. You understand and agree that the closing of your 
Credit Union Regular Share Account terminates your status as a member of the 
Credit Union, and upon such closing, you can no longer obtain credit with the Credit 
Union Visa Card. 

 
 
 
The following is important information regarding your right to dispute billing errors. 

Your BILLING Rights – 
Keep This NOTICE For Future Use 

This notice tells you about your rights and our responsibilities under the Fair Credit 
Billing Act. 

What To Do If You Find A Mistake On Your Statement 

If you think there is an error on your statement, write to us at: 

  Michigan First Credit Union 
  27000 Evergreen Road 
  Lathrup Village, MI   48076 

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: 

1.  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. 

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 that amount. 

•  While you do not have to pay the amount in question, you are responsible for the 

remainder of your balance. 

•  We can apply any unpaid amount against your credit limit. 

 
 
 
 
 
 
 
 
 
 
 
•  After we finish our investigation, one of two things will happen: 
•  If we made a mistake: You will not have to pay the amount in question or any 

interest or other fees related to that amount. 

•  If we do not believe there was a mistake: You will have to pay the amount in 

question, along with applicable interest and fees. We will send you a statement 
of the amount you owe and the date payment is due. We may then report you as 
delinquent if you do not pay the amount we think you owe. 

If you receive our explanation but still believe your bill is wrong, you must write to 
us within 10 days telling us that you still refuse to pay. If you do so, we cannot 
report you as delinquent without also reporting that you are questioning your bill. 
We must tell you the name of anyone to whom we reported you as delinquent, and 
we must let those organizations know when the matter has been settled between 
us. 

If we do not follow all of the rules above, you do not have to pay the first $50 of the 
amount you question even if your bill is correct. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

If you are dissatisfied with the goods or services that you have purchased with your 
credit card, and you have tried in good faith to correct the problem with the 
merchant, you may have the right not to pay the remaining amount due on the 
purchase. 

To use this right, all of the following must be true: 

1.  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.) 

2.  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. 

3.  You must not yet have fully paid for the purchase. 

If all of the criteria above are met and you are still dissatisfied with the purchase, 
contact us in writing [or electronically] at: 

                 Michigan First Credit Union 
                 27000 Evergreen Road 
                 Lathrup Village, MI   48076 

 
 
 
 
 
 
 
 
 
 
While we investigate, the same rules apply to the disputed amount as discussed 
above. After we finish 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. 

Member Services: 800.664.3828 
24-hour Loan Center: 866.933.6333 

MichiganFirst.com 
MichiganFirst.com/Twitter 
MichiganFirst.com/Facebook 

Federally Insured by the NCUA 

4/18/2012 
M-100732