BUSINESS  VISA  PLATINUM 
CREDIT  CARD  AGREEMENT 

This Agreement establishes the terms and conditions of Your Business Visa Platinum Credit Card 
Line  of  Credit  loan  account  with  Financial  Plus  Credit  Union.  The  Agreement  includes  this 
document,  any  letter, card carrier,  card insert, addenda  (including  but not limited to the  enclosed 
document  entitled  "Important  Information  Regarding  Your  Account"),  or  any  other  document 
accompanying  this Agreement , any  application  that You signed or submitted  to the Credit  Union, 
and  any  notification  of  changes  to  this  Agreement  ("Agreement").  In this  Agreement  the  words 
"You" and "Your "  mean or  refer to  each  business  or  other  entity  ("Organization " or  "Business") 
who  agrees  to  be  bound  by  this  Agreement  as  set  forth  below  and  any  other  person  who  has 
agreed  to  be personally  responsible  for  the Account  (Guarantor/Owner).  "Card"  means  the Visa 
Credit Card or Cards and duplicates  and any renewals of or substitutions for such Cards We may 
issue. "Account"  means Your Business Visa Platinum Credit Card Line of Credit loan account with 
Us.  "We'',  "Us",  "Our"  or  "Credit  Union"  means  or  refers  to  Financial  Plus  Credit  Union.  This 
Agreement,  along with the Addendum  entitled "Important Information  Regarding Your Account"  is 
Your  Truth  in  Lending  Disclosure  Statement  and  Contract.  Please  retain  a  copy  of  both 
documents  for  Your  records.  Use  of  Your  Card  or  Account,  or  Your  authorization  of  an 
employee,  or other  person, to  use the  Card  or Account , confirms  Your  acceptance  of  the terms 
and conditions of this Agreement. 

1.  Responsibility  -  You  have  applied    to  Us  for  a  Business    Visa  Platinum  Credit  Card  Line  of 
Credit  loan  account.  If  We  approve  the  loan  and  issue  You  a  Card,  You    promise    to    repay    all 
debts,  fees, charges  and  the  FINANCE  CHARGE  thereon  arising  from any use  of  the  Card.  You 
agree  that  only  authorized  signers  will  use  the  Card.  If  You  allow  someone  not  identified  as  an 
authorized  signer  to  use  the  Card,  You  are  agreeing  with    Us    that    You    authorize    all    use    that 
person  makes  of  the  Card.  Therefore ;  You  will  be  liable  for  all  such use  of  the  Card.  Of  course , 
once  You  notify  Us,  We  will  take  prompt  steps  to  try  to  prevent  any    further    Card    use  by  that 
person.  Your  obligation  to  pay  all  such  debts  and  FINANCE  CHARGE  thereon  continues ,  even 
though  an  agreement,  court  judgment  ,  or  order  resulting  from  an  action  to  which  We  are  not  a 
party  may  direct  that  some  other  person  other  than  You  must  pay  such  debts  and  FINANCE 
CHARGE.  If  any  Guarantors have  signed  the  application ,  each  of  the  Guarantors,  separately and 
jointly  with  each  other ,  is  liable  for  all  amounts  charged  to  the  Account  and    any    FINANCE 
CHARGE  thereon .  If  We  receive  notice  from  any  person  obligated  on  this  Agreement  disclaiming 
liability  for  amounts  owed  under  this Agreement , We  may  close the  Account. 

2.  Statement  of  Business  Purpose - You  agree that  You  have  represented  to  Us that  You  are 
obtaining Your Account for business purposes. You also agree that all Cards, purchases , and use 
of convenience  checks  issued on Your Account  and any other  use of Your Account  will  be used 
solely for business or commercial purposes. You  agree that You will never use Your Account , nor 
permit Your Account to be used, for any personal , family or household purposes. 

3.  Credit  Line  -  If We  approve  Your  loan  application,  We  will  establish  a  self-replenishing line of 
credit  for  You  and  will  notify  You  of  the  amount  thereof  (credit  limit)  in the  mailer  in which  We  will 
send  You  Your  Card.  That  mailer  is  hereby  incorporated  herein  as  part  of  this  Agreement.  You 
agree  not  to  let  Your  Account  balance  exceed  such  amount.  Each  payment  You  make  on  the 
Account  will  replenish  Your  credit  limit  by  the  part  of  that  payment  which  is    applied    to    the 
principal.  You  may  request an  increase  in the  credit  limit  by  submitting  a  written  application,  which 
may  be  approved  by  Us, at  our  sole  discretion.  We  may  reduce  Your  credit  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  any  of  the 
terms  of  this  Agreement;  or  Our  adverse  reevaluation  of Your  creditworthiness;  or  if any  warranty , 
representation  or  statement  made  or  furnished  to  Us  by  You  or  on  Your  behalf  under  this 
Agreement  or  any  related  documents is  false  or  misleading  in  any  material  respect,  either  now  or 
at  the  time  made  or  furnished  or  becomes  false  or  misleading  at  any  time  thereafter;  the  death  of 

 
 
 
 
 
 
 
 
any  Guarantor ;  the revocation  of  guarantee on  this  Account  by  any  Guarantor;  or  upon  the 
dissolution  or termination  of Your existence as a legal entity, Your insolvency , or the appointment 
of  a receiver for  any  part of Your  property; or if You  or any  Guarantor  defaults  under any  loan, 
extension of credit, security  agreement , purchase or sales agreement , or any other agreement , in 
favor  of any  other  creditor or  person  that  may  materially  affect any  of  Your  or  any  Guarantor's 
property  rights or  Your  or any  Guarantor's  ability  to  repay the  amount owing  or  to  perform their 
respective  obligations  under  this  Ag reement  or  any  of  the  related  documents;  or  upon  any 
assignment for the benefit of creditors, any type of creditor wor kout, or the commencement of any 
proceeding  under any  bankruptcy  or  insolvency  laws  by  or against You ; or upon any change  in 
ownership  of twenty  percent  (20%) or  more of Your  common  stock; or  if any material or adverse 
change  occurs  in  Your  financial  condition;  or  if  We  believe  the  prospect  of  payment  or 
performance of the line-of-credit is impaired; or if We, in good faith , believe the Credit Union to be 
insecure, or for any  other  legitimate reason. You  may terminate  this Agreement, at any time  and 
for any reason, by giving Us written  notice mailed to the address , which appears on Your monthly 
billing  statement.  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 request, or 
upon termination of this Agreement. 

4.  Using the Card - We have enclosed  or will send You , and authorized signers as applicable, 
a  Card or  Cards  as  You  have  directed. As  soon  as  received  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.  Your  liability  under  this 
Agree ment  does  not depend  upon  whether  You  or  an  authorized  signer  signs  his  or  her  Card. 
The  Card  may  be  used  to  make purchases  or  cash  advances  at  participating merchants  or 
financia l  institutions.  The  Credit  Union  is  not  responsible  for  the  refusal  of  any merchant  or 
financial institution  to  honor the Card. If You wish  to  pay for  goods  or  services  over the Internet, 
You  may  be required to provide Card number security  information  before You will be permitted to 
complete  the  transaction.  We  may, from  time  to time,  issue checks that  may  be used to access 
Your Account.  These checks may be used to purchase goods and services, or obtain cash, up to 
the amount of Your  unused credit limit, however , may not be used to pay any amount owed to Us 
under  this  or  other  Card  Agreement (s).    Checks  will  be  posted  to    Your  Account  as  a  cash 
advance.  A  cash  advance  may  be obtained  in order  to  make payment  to  another  credit  card  or 
charge account, commonly  referred  to  as a  balance  transfer. Balance transfers will be posted  to 
Your account as a cash advance, except for  promotional  balance transfers  periodically offered by 
Us. Promotional balance transfers will  be treated as a cash advance at the end of the promotiona l 
period. We may limit the number  of  purchases  or  cash  advances  which  may  be approved  in one 
day.  If  We  detect  unusual  or  suspicious  activity  on  Your  Account, We  may  temporar ily  suspend 
You r credit  privileges  until We  can verify  the activity.  Your  Credit  Card may  not be used for  any 
illegal transaction including  Internet gambling  transactions ; or  in foreign countries with  a high rate 
of fraudulent activity, which will be determined at Our sole discret ion. 

5.  Monthly   Payment  -  A   statement  will   be  mailed   every   month  in  wh ich  You   have  either  a 
balance  or  monthly  activity  showing  Your  "Previous  Balance,"  the  transactions   posted  to  Your 
Account  since  the  last  statement, the  "New  Balance,"  the  Finance  Charge  due  to  the  date  of  the 
statement ,   the   "Minimum   Payment"   required,  the   "Due   Date,"   any   "Unused   Credit,"  fees   or 
charges,  if  any ,  and  any   past  due  amount  which   may  be  owing.  You   must  pay  at  least  the 
Minimum  Payment  shown  on  Your  statement  within  25  days  of  the  closing  date  on the  statement. 
You  may  allow  Us  to  charge  the  scheduled  monthly  payment,  or  other  payment  authorized   by 
You,  automatically   to  the  share  account  with  Us, which  Yo u  have  designated .  Of  course, You 
may  pay  any  amount  greater  than  the  Minimum  Payment,  including  the  entire  New  Balance  on 
the  statement  on  any  of  our  business  days,  without  any   penalty  for  prepayment.  And ,  You  can 
make  payments  on  the  Account  as  often  as  You  wish.  The  Minimum  Payment  will  be  either  (a) 
2Yi%  of  Your  New  Balance or $15 , whichever  is greater , or  (b) Your  full New  Balance , if  less than 
$15 ;   provided  however,  the  Minimum   Payment  shown  on  Your  statement  will  also  include  any 
unpaid  portions of  Minimum  Payment(s)  shown on earlier  statements.  In addition, if at  any  t ime 
Your  total  New  Balance  exceeds  the  credit  limit, You  must  pay  Us  that  excess  immediately. 

 
 
 
Payments to your account will be applied to the portion of your  balance with the highest APR first 
We will apply the payments in the following order : 
(a) To FINANCE CHARGE owed; 
(b) To any fees or charges owed; 
(c) To the principal portion of the balance with the highest APR 
(d) To the balances with lower APR 's in descending order. 
Any  communications concerning  a  disputed  balance ,  including  an  instrument  tendered  as  full 
satisfaction  of  a  disputed  debt,  must  be  sent  directly  to  Financial  Plus    Credit  Union, 
ATTENTION:  DISPUTED  BUSINESS  VISA  PLATINUM  PAYOFF  DEPARTMENT,  P.O.  Box 
7006, Flint, Ml 48507-0006. 

6.  FINANCE  CHARGE  -  You  can  avoid  FINANCE  CHARGE  on  purchases  by  paying  the  full 
amount  of  the  "New  Balance"  (including  purchase  balance,  cash  advance  balance,  promotional 
balance  transfer  balance,  FINANCE  CHARGE ,  and  other  charges)  within  25  days  (grace  period) 
of  Your  statement  closing  date.  If  You  fail  to  pay  the  entire  "New  Balance"    shown    on    any 
statement  within  25  days  of  the  closing  date,  FINANCE  CHARGE  will  begin  to  accrue    on 
purchase  balances  the  first  day  of  the billing  cycle  immediately  following the  statement  on  which 
the  entire  balance  was  not  paid  in  full,  and  continue  through  the  closing  date  of  that  statement. 
Cash  advances,  including  promotional  balance  transfers  ,  are  always    subject    to    FINANCE 
CHARGE beginning  on  the  date  they  are  posted  to  Your  Account.  FINANCE  CHARGE  is  based 
on  the  Average  Daily  Balance  method  and  is  determined  by  applying  a  daily  periodic  rate,  which 
corresponds  to  an  ANNUAL  PERCENTAGE RATE  (discussed  in  Section  8  below)  to  the  average 
daily  principal  balance  for  a  billing  cycle.  Daily    principal    balances    and    corresponding    average 
daily  balances  are  calculated  separately  for  purchases  and  cash  advances  (which  include 
promotional  balance  transfers )  and  are  determined  as  follows.  For  each  day  during  the  statement 
period  (billing  cycle),  the  previous  day's  principal  balance  of  purchases  and  cash  advances  are 
increased  by  any  new  purchases,  cash  advances,  promotional balance  transfers ,  or  adjustments, 
and  decreased  by  any  payments,  credits,  or  adjustments  posted  to  the  Account  that  day .  Each 
separate  daily  principal  balance  is  then  multiplied by  the  number  of  days  that  balance  was  owing . 
The  sum  of  all  of  the  daily  principal  balances  is  then  divided  by  the  number  of    days    in  the 
statement  period  (the  average  daily  balance)  and  then    multiplied    by    the    daily   periodic    rate    in 
effect  for  the  Account  at  that  time. 

7.  Method of Calculating the Balance - The Average Daily Balance (including New Purchases) 
Method is used to calculate the balance on Your Account. 

8.  Variable  Rate Feature - This  Account  has  a variable  rate feature  for  purchases , and the 
ANNUAL  PERCENTAGE  RATE, corresponding  to the daily  periodic  rate,  may change as a 
result The ANNUAL PERCENTAGE RATE on Your Account may vary each calendar quarter to 
reflect   increases   and   decreases  in   the   Prime   Lending   Rate.  The  current  ANNUAL 
PERCENTAGE RATE is 5%-18% var iable, depending on how you meet our credit criteria . Any 
increase in Your ANNUAL PERCENTAGE RATE will result in increased FINANCE CHARGES . 
The Prime Lending Rate means the prime rate published under Money Rates in the Wall Street 
Journal , which is the base rate on corporate loans at large U.S. Money Center commercial banks 
(or substitute publication , as permitted by law). The ANNUAL PERCENTAGE RATE will be a 
percentage, called a margin, above the Prime Lending Rate in effect three business days prior to 
the first day of each calendar quarter . Your ANNUAL PERCENTAGE RATE shall be adjusted on 
the first day of each calendar quarter (January 1, April 1, July 1, and October 1) and the adjusted 
rate shall apply to the existing Account balance, as well as new purchases and cash advances, 
for the entire calendar quarter . The maximum ANNUAL PERCENTAGE RATE will not exceed 
18% ANNUAL PERCENTAGE RATE. The minimum ANNUAL PERCENTAGE RATE will not go 
below  5%.  Please    refer  to  the    Addendum    entitled    "Important    Information    Regarding    Your 
Account  "  for 
the  current  "margin"  on  purchases  and  cash  advances,  daily  periodic  rate(s)  , 
ANNUAL   PERCENTAGE   RATE(S)   and  minimum  ANNUAL   PERCENTAGE   RATE($)  on  Your 
particular  Credit  Card  program.  Except  for  the  minimum  and  maximum  rates  that  can  apply, 
there  is no limit on the  amount  by which  the  ANNUAL  PERCENTAGE  RATE  can  change. The 

 
 
 
 
 
 
ANNUAL PERCENTAGE  RATE includes only interest and not other costs. The current ANNUAL 
PERCENTAGE RATE(S) will appear on Your monthly billing statement. 

9.  Other  Rates - 

(a)  Penalty  Rate  -  In the  event  You  fail  to  make  any  payment  within  30  days  of  when  it  is 
due,  or  Your  balance  exceeds  Your  credit  limit  and  You  do not  repay  the  amount  by 
which  the  balance exceeds Your  credit  limit within  30 days, or You  otherwise  default  on 
the  terms  of  this  Agreement ,  Your  ANNUAL  PERCENTAGE RATE  will  change  to  a 
Penalty  ANNUAL  PERCENTAGE  RATE  of  18%,  notwithstanding  anything  to  the 
contrary  in this Agreement.  We will  provide You with  notice of any  such  increase in rate 
as  required  by  law.  Your  ANNUAL  PERCENTAGE  RATE  will  then  remain  at  18% 
indefinitely. 

(b) Cash Advance Rate - The current ANNUAL PERCENTAGE RATE is 18%.  This rate is 
not tied to an index, and is subject to change at Our discretion . 

10.  Other  Charges 

- 
(a)  Over the Credit Limit Fee. If Your Account  balance exceeds Your credit limit, We may 
treat Your Account as being in default under the "Default" provisions of this Agreement and 
demand payment in full. If We choose not to demand payment in full in such a situation , We 
may impose an over-the-credit-limit fee for each purchase, cash advance, balance transfer, 
or any other transaction that causes Your Account to exceed your credit limit. No over-the  
credit-lim it fee will be imposed, nor will Your Account be considered in default , if the over-the  
credit-limit condition results solely from the reduction of Your credit limit and You do not use 
Your Account until the Account balance is below the new credit limit. In addition to FINANCE 
CHARGE and any applicable over-the-credit-limit fee, the following additional fees may be 
imposed on Your account, if applicable: 
(b) Inactivity Fee. If Your Account  is not used for at least six (6) purchase transactions during 
any calendar  year , the Account  is subject to an Inactivity Fee of $25.00.  If applicable , this fee 
will be added to Your Account in January following the year in which the inactivity fee applies. 
(c)  Late  Payment  Fee.  If You  fail  to  make  at  least the  Minimum  Payment  shown  on  Your 
monthly statement within 25 days of the closing date of that statement the Account  is subject 
to a Late Payment Fee of $29.00. 
(d) Over-the-Credit-Limit  Fee.  If the  balance on Your  Account  exceeds Your  credit  limit,  the 
Account  is subject  to an Over-the-Credit-Limit  Fee of $29.00.  The  Over-the-Credit-Limit Fee 
will  be applicable  to  each transaction  in which  the  balance  on  Your  Account  exceeds  Your 
credit limit. 
(e) International Transaction  Fee. If You or any authorized  signer transacts  business outside 
of the United States, an International Transaction  Fee will be charged.   This fee is 3% of the 
U.S. dollar amount of each transaction  made outside the U.S. 
(f) Check  Stop  Payment Fee.  Your  Account  will be charged  a $25.00  Stop  Payment fee for 
each individual check or group of checks You request a stop payment be issued for. 

Additional  fees  may  be  imposed  on  Your  Account.  Refer to  the  fee  schedule  and/or  Addendum 
" Important Information Regarding Your Account" for the amount of each fee that may be imposed, 
if applicable. We reserve the right to change these fees , upon notice, in the future. 

11.  Credits - Merchants who  honor Your Card will give You a credit for returns or adjustments  by 
sending Us a credit transaction,  which We will post to Your Account.  You should keep Your copy 
of the  credit  receipt to verify Your  monthly statement.  If Your  credits  and payments exceed what 
You owe Us on the Account , We will credit such excess to Your Share Account  upon Your written 
request.  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. 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,  which  the  merchant is  required  to  provide  to  You.  The 
merchant  may  charge  You  for  a  cancelled  transaction   unless  You  can  provide  Us  with  the 

 
 
 
 
 
 
merchant's  valid  cancellation  number  or  the  merchant  issued  credit  receipt.  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 . 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. 

12.  Pledge  of  Shares and  Security  Interest -  BY  SIGNING AN  APPLICATION,  ACCEPTANCE 
OR AUTHORIZED  USE OF ANY CREDIT CARDS, YOU AND ALL GUARANTORS GRANT AND 
PLEDGE A  CONSENSUAL  LIEN TO  US ON ALL  SHARES  TO SECURE  PAYMENT  OF YOUR 
OBLIGATIONS  ON THIS ACCOUNT.  IN ADDITION,  YOU ACKNOWLEDGE  OUR  STATUTORY 
LIEN  RIGHTS  UNDER  THE  FEDERAL  CREDIT  UNION  ACT  OR  MICHIGAN  CREDIT  UNION 
ACT,  AND  AGREE  THAT  SUCH  A  LIEN  IS  IMPRESSED  AS  OF  THE  DATE  THAT  THIS 
ACCOUNT IS  OPENED;  AND  YOU  AGREE THAT WE  CAN APPLY  THE  SHARES  PLEDGED 
AT THE TIME  OF ANY  DEFA ULT ON THIS 
ACCOUNT WITHOUT FURTHER NOTICE. " Shares," for the purpose of Your pledge to secure 
Your obligations to the Credit Union, means all deposits in any share savings , checking , club, 
certificate , P.O.D., revocable trust or custodial account(s) , whether jointly or individually held - 
regardless of contributions - that You or any Guarantor have on deposit now or in the future. This 
pledge does not include any IRA, KEOGH, tax escrow, irrevocable trust, or fiduciary account in 
which You or any Guarantor does not have a vested ownership interest. In addition , to secure 
Your Account , You grant Us a Purchase Money Security Interest under the Uniform Commercial 
Code in any goods or articles You purchase through the Account. If You default, in addition to any 
other rights We have, We will have the right to recover any of these goods or articles which have 
not been paid for through our application of Your payments in the manner described herein. You 
and all Guarantors also agree to grant Us a security interest in collateral (other than collateral 
consisting of (i) real estate that is a Guarantor's principal residence; and (ii) household goods) 
securing other loans with Us to secure Your Account. 

13.  International  Transactions  -  If  You  use  Your  Visa  Credit  Card  to  make  a  transaction  in  a 
country  outside  the  United  States,  You  will  be  charged  an  International  Transaction  Fee.  If  the 
transaction  is  made    in  foreign  currency ,  the  transaction  will  be  converted  to  U.S.  Dollars.  The 
currency  conversion  rate  will  be  a  rate  selected  by  Visa  from  the  range  of  rates  available  in 
wholesale  currency  markets  for  the  applicable  central  processing  date,  which  may  vary  from  the 
rate  Visa  itself  receives ,  or  the  government  mandated  rate  in  effect  for  the  applicable  central 
processing  date. All  transactions  made  outside  the  United  States  will  be  charged  an  International 
Transaction  Fee  regardless  if  the    transaction  is  made  in  foreign  currency  or    U.S.  currency ,    in 
each  instance ,  plus  or  minus  any  adjustment  determined  by  Us.  Please  refer    to    the    Other 
Charges section  of  this  Agreement   for  the  amount  of  the  International  Transaction   Fee  You  will 
be charged.  We  reserve the  right to  change  this fee,  upon  notice, in the future . 

14.  Loss or Theft of Card - You agree to  notify Us immediately upon discovering that any of Your 
Cards have been lost or stolen. 

To Report a Lost or Stolen Card 
Mon.-Fri. 8:30 a.m. - 5:30 p.m.• Sat. 9:00 a.m. - 1:00 p.m. 
(810) 244-2200 or 800-748-0451 • all other times (800) 991-4961 

15.  Stopping  Payment - Once a charge is made through  the use of the Card or Account  number, 
We  cannot  "stop  payment"  on  the  charge.  You  may  stop  payment  on  a  Credit  Card  check  by 
notifying  Us  in  writing  at  P.O.  Box  7006,  Flint,  Michigan  48507-0006  or  by  calling  Us  at  the 
telephone  number  listed on the  billing statement.  If You  call,  You  must confirm  the call in writing 
within  14 days.  A  written  stop  payment  order will remain  in effect for six  months  unless renewed 
in  writing .  The  charge  for  a  "stop  payment"  is  indicated  in  the  Other  Charges  section  of  this 
Agreement. We reserve the right to change this fee, upon notice, in the future . 

16.  Disputes - 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 name of the authorized signer to whom the transaction relates; 
•  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. 

We will then  promptly  investigate  the  matter, and will either correct the  error  or explain why  We 
believe  the  bill  was  correct. Until  the  matter  is  resolved,  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.  If We  find  that We  made a mistake on  Your  bill,  You  will  not have to  pay any 
FINANCE CHARGES  related to the amount  in question. 

17.  Default  -  You  will  be  in  default,  and  charged  a  late  fee,  if  You  fail  to  make  at  least  the 
"Minimum  Payment"  shown  on  a  monthly  statement  within  25  days  of  the  closing  date  of  the 
statement.  Please  refer  to  the  Other  Charges  section  of  this  Agreement  for  the  amount  of  the 
Late  Fee. We  reserve  the  right to  change  this  fee, upon  notice, in the  future.  In addition, please 
refer  to  the  Other  Rates  section  of  this  Agreement  in  reference  to  the  Penalty  ANNUAL 
PERCENTAGE  RATE you  will be charged and when this rate will  be imposed. You will also be in 
default (a) if You  breach any other conditions of or promises made in the Agreement ; or (b) if We 
determine  that  Your,  or  any  Guarantor 's, creditworthiness  (which  includes  Your ability  to  repay 
Us)  has  become  unsatisfactory ; or  (c)  if  You , or any  Guarantor,  made  any  false  or  misleading 
statement  in any credit application or credit update; or (d) in the event of Your death or the death 
of any  Guarantor; or  (e)  any  of  Your  Cards  is used for  an  illegal  transaction;  or  (f) You,  or  any 
Guarantor, become  involved  in  any  insolvency , receivership,  guardiansh ip, conservatorship,  or 
any  other  proceeding  which  determines  You, or any  such Guarantor, are  incapable of  managing 
Your  financial  affairs,  including filing  for  Bankruptcy ; or (g) a judgment  or tax  lien is filed  against 
You , or any  Guarantor , or any  attachment  or garnishment  is issued against any  of Your, or any 
Guarantor 's, property  or accounts , including  anyone  starting  an action  or  proposing to seize any 
of  Your  or  Your  Guarantor 's  funds  on  deposit  with  Us; or  (h)  Your  Organization  or  Business 
ceases  to  maintain its  corporate  existence ;  or  (i)  Your  Organization  or  Business  changes  its 
corporate  structure  ;  or  U)  government  action  precludes  Us  from  imposing  the  ANNUAL 
PERCENTAGE  RATE  or  a  government  authority  has  notified  Us    that  continued  advances 
constitute  an  unsafe  or  unsound  practice.  In  the  event  of  any  default  or  in  the  event  this 
Agreement is  terminated by  You  or  by  Us  for  any  reason, the  entire  balance  on  the  Account 
becomes  due  and  payable  forthwith , and  You  agree  to  continue  paying  finance  charges  at  the 
interest rate then  in effect, until the full balance on Your  Account  has been paid. You  also agree 
that,  in  case  of  default,  You  will  pay  all  usual  and  customary  costs  of  collection  including 
reasonable  attorney  fees.  You  furthe r  agree,  unless  prohibited  by  law,  that  in  the  event  legal 
proceedings  are  initiated  to collect  on  this  Account,  proceedings  may  be filed  in any  District  or 
Circuit Court in a County where We conduct business. 

18.  Personal and Credit Information - You and all Guarantors authorize  Us to investigate Your or 
Your  Guarantors' credit  standing  when  opening, renewing  or  reviewing  Your  Account, and  You 
and all Guarantors authorize  Us to disclose  information regarding  our experience with You under 
this Ag reement to credit  bureaus and other creditors . You also agree to provide current financials 
on an annual  basis or  upon Our  request.  You  also  agree that We  may  provide  personal data to 
Visa  U.S.A., its Members, or  their respective contractors  for  the  purpose  of  providing Emergency 
Cash  and  Emergency  Card  Replacement  Services,  where  applicable.  All  Guarantors  are 
hereby  notified  that  negative  information  will  be    provided    to    appropriate    consumer 
reporting  agencies  if  You  fail  to  perform  Your  obligations  under this  Agreement. 

19.  Effect of Agreement  - This Agreement  contains our complete contract relating to t he Account 
and applies to  every  transaction relating to the Account  even though  a purchase, cash  advance, 
or credit receipt may contain different terms. 

 
 
 
 
 
 
20.  Amendment of Agreement - From time to time We may amend this Agreement  by giving You 
written  notice  of the  amendment  as required  by  law. The  notice  will  be sent to  Your  last  known 
address  appearing  in  Our  records  when  it  is  sent,  and  will  state  the  date  upon  which  the 
amendment  will  become  effective.  To  the  extent  the  law  permits, and  indicated  in  the  notice  to 
You, the  change  will  apply  to  Your  existing  Account  balance  as  well  as  to  future  transactions. 
Either  You  or  the  Credit  Union  may  terminate  this  Agreement  at  any  time ,  but  termination , 
whether  by You  or  by the Credit  Union, will  not affect Your obligation , nor that of any  Guarantor, 
to  pay the  Account  balance  plus any finance  and other charges You  owe  under this Agreement. 
You  are  also  responsible  for  all transactions  made  to  the  Account  after  termination ,  unless  the 
transactions were unauthorized. 

21.  Cards Property of Credit Union - The Card(s) You receive remain the property of the Credit 
Union and You must recover and surrender to Us all Cards upon request or upon termination of 
this Agreement, whether it is terminated by You or by Us. 

22.  Changing or Terminating Authorized Signers - Upon Your request, We may issue additional 
Cards for authorized signers that You designate . You must notify Us in writing of any termination 
of an authorized signer's right to access Your account.  Your notification must include the name 
of the authorized signer and Your account number and/or any sub-account number issued to the 
authorized signer along with the authorized signer's Card and any convenience checks , or other 
access  device,  issued to the  authorized  signer.  In any  case, You  will  be responsible  for  any 
transactions that are authorized but have not been posted to the account at the time the account 
is closed. 

23.  Liability  for  Unauthorized  Use - You  may  be liable for the  unauthorized  use of Your  Card or 
Your Account.  You will not be liable for unauthorized  use that occurs after You  notify Us orally  by 
calling  us at  1-800-748-0451, or  in writing  at G-3381  Van  Slyke  Road, P.O.  Box  7006, Flint,  Ml. 
48507-7006,  of the  loss,  theft , or  possible  unauthorized  use. However , You  may  be liable for  up 
to  $50,  or  more  in  certain  situations  *,  for  unauthorized use  of  Your  Card  or  Account  before 
notification  to  Us unless  Your  liability  is limited  by  VISA  liability  limitation  rules.  In any  case, we 
must  hear  from  You  no  later  than  60  calendar  days  following  the  mailing  date  of  the  first 
statement showing  unauthorized transactions , or Your  liability for those transactions  is unlimited. 
Unauthorized  use  does  not  include  use  of  a  Card  by  a  business  co-owner,  the  Cardholder or 
person  authorized by  the  Cardholder ,  or  any  other person  with  an  interest  in  or  authority  to 
transact  business  on  the  account.  You  agree  that  no  liability  for  unauthorized  Use  may  be 
imposed  on  any  of  Your  employees  greater  than  $50  under  any  circumstances.  In accordance 
with  VISA  Operating  Regulations  ("VISA  liability  limitation  rules")  You  will  not  be  liable  for  any 
unauthorized  Visa  transaction  unless  it  has  been  determined  that  You  or  an  authorized  signer 
was grossly negligent in the handling of the Account or Card. 

* If we have issued 1O or more Cards on your account for use by You and/or Your employees, 
You will be liable for all unauthorized use of Your Cards or Account  before notification to us 
unless Your liability is limited by VISA liability limitation rules, as set forth above, although You 
agree that no liability for unauthorized use may be imposed on any of Your employees except as 
provided above. 

24.  No Waiver  - The  Credit  Union  can  delay  enforcing  any  of  its  rights  any  number  of  times 
without losing them . 

25.  .  Statements    and  Notices  -  Statements    and    notices  will    be  mailed  to  You    at  the    most  
recent  address    You    have    provided    to    Us.      You    agree    to    notify    Us  at    least    1O    days    in 
advance  of  a  change  in  Your  address ,  or  the  address  of  an  authorized  signer  on  the  Account.   
Notice  sent  to  anyone  bound  under  this  Agreement  will  be considered  notice to  all. 

26.  Notification  of  Change  in  Legal  Structure,  Officers  or  Owners  -  You  agree  to  notify  Us 
immediately  of any change in Your legal structure or any change in Your officers or owners. 

 
 
 
 
 
 
 
 
 
 
27.  Severability  and  Final Expression - This Agreement  is the final expression  of the terms and 
conditions of Your  account.  This written Agreement  may not  be contradicted  by evidence  of any 
alleged  oral  agreement.  Should  any  part  of  this  Agreement  be  found  to  be  invalid  or 
unenforceable , all other parts of this Agreement shall remain in effect and fully enforceable to the 
fullest extent possible under this Agreement. 

28.  Gambling  Transactions Prohibited  -  You  may  not  use  Your  card  to  initiate  any  type  of 
gambling transaction , including any type of electronic gambling transaction through the Internet. 

29.  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. 

30.  Credit Union  Membership - You  understand and agree that the closing of Your  Credit Union 
Business  Regular  Share Account  terminates  Your  status  as a member  of the Credit  Union, and 
upon  such  closing  the  credit  line on  Your  Business  VISA  Platinum  Credit  Card  will  be  revoked 
and We will require payment in full of the entire balance owing. 

31.  Personal  Guaranty  -  If  You  signed  the  application  as  a  Personal  Guarantor,  You 
unconditionally  guarantee  (i)  the  full  and  prompt  payment  when  due,  whether  by 
acceleration  or  otherwise,  and  at all times  hereafter,  of  all  credit  extended,  together  with 
applicable  FINANCE  CHARGES,  fees  and  collection  costs;  and  (ii)  the  full  and  prompt 
performance  of  all  of  the  terms,  covenants,  conditions  and  agreements relating  to  this 
Account.  This  guaranty  can  be  revoked  by  a  Personal  Guarantor  by  providing  60  days' 
advance  written  notice to  Us at the  address  shown  on Your  billing statement,  or  at such 
other address as We may specify from time to time, but any such revocation will in no way 
affect any obligations of the Personal Guarantor existing on or prior to the effective date of 
such revocation. We reserve the right to terminate  the Account, or decrease the credit line, 
upon such revocation. 

32.  Governing  Law  -  This  Agreement is  governed  by  the  laws  of  the  state  of  Michigan  and 
applicable federal laws. 

Effective Date – January , 2014