VISA®
Business
Credit Card
Agreement

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MICHIGAN FIRST CREDIT UNION
VISA BUSINESS CREDIT CARD
AGREEMENT

THIS IS YOUR AGREEMENT WITH MICHIGAN
FIRST CREDIT UNION REGARDING RIGHTS AND
RESPONSIBILITIES ASSOCIATED WITH YOUR
OBTAINING A VISA BUSINESS CREDIT CARD.
PLEASE READ THIS DISCLOSURE CAREFULLY TO
BE FA MI LI AR WITH YOUR RIGHTS AND
RESPONSIBILITIES. IT IS IMPORTANT TO RETAIN
THIS AGREEMENT 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 VISA CREDIT CARD AGREEMENT. In this
Agreement, the words “you” and “your” mean or refer to the
business entity which has applied for the Card or Cards and/or
any Guarantors as applicable. “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 Business Credit Card line of credit loan account
with us. “We,” “us,” “our,” and “ours” mean or refer to
MICHIGAN FIRST CREDIT UNION.

2. THIS IS YOUR CONTRACT WITH US. When your
application is accepted by us, it becomes a binding contract.
When you sign the application, you acknowledge receipt of a
copy of this Agreement and promise to abide by the terms of
this Agreement including all applicable laws.

3. SIGN THE CARD AND KEEP THIS AGREEMENT.
All Authorized Users must sign their Cards before using them.
By use of the card by any and all authorized users, you are
agreeing to comply with the terms of this Agreement. However,
your liability under this Agreement does not depend on whether
an authorized user signs his or her Card. You should read this
Agreement and keep a copy for future reference.

4. USING THE CARD. We will send you a Card or Cards
embossed 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. To make a Purchase or Cash Advance, present the Card
to a participating VISA plan merchant or financial institution,
or to us, and sign the sales draft or cash advance draft 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 will receive a copy of any draft you
sign when using the Card which you should retain to verify
your monthly statement. We will upon request furnish you
with a copy of a draft at a charge per copy as disclosed further
below; however, no charge will be made in cases involving
error resolution. You may use your Card to make purchases
and cash advances only for business purposes, including
commercial, industrial and professional purposes, and NOT
for personal, family or household purposes. In addition,
authorized users may obtain cash advances for business
purposes from the Credit Union or from other financial

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institutions that accept VISA Cards or ATMs that accept
VISA Cards. Whenever an authorized user requests an
advance, we may require that individual to prove his/her
identity. When the amount advanced appears on a
subsequent statement, that will be conclusive evidence of
the request. To obtain an advance at an ATM,
the
authorized user must use a Personal Identification Number
(PIN) that was issued for use with the Card.

5.

ILLEGAL TRANSACTIONS. You agree that
authorized users will only use your Account for transactions
that are legal. Display of a payment card logo by an on-line
merchant does not mean that the transaction with that
merchant is legal in your state of legal organization or
residence. You agree that your Cards will not be used for
any illegal transactions. We will not be liable if you or your
authorized users engage in any illegal transactions.

6. PROMISE TO PAY. If we approve your application
and issue you one or more Cards, you promise to repay to
us all amounts charged to your account and the FINANCE
CHARGE thereon arising from any authorized use of the
Card(s). You agree not to allow unauthorized users to use
any Card. If the application (and thus this Agreement) is
signed by any Guarantors, each of you, separately and
jointly with each other, is liable for all amounts charged to
the Account and FINANCE CHARGE thereon. Your
obligation to pay all such debts and FINANCE CHARGE
thereon continues even though an agreement, 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 all
of you), must pay such debts and FINANCE CHARGE.

7. CREDIT LINE AND CREDIT LIMIT. If we approve
your 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, 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 limit. 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 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 the terms of this Agreement or our adverse
reevaluation of your Credit worthiness; 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. However, 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. MULTIPLE GUARANTORS. If more than one

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person signs the application as Guarantor, each such person
promises to pay all amounts owed to us under this
Agreement. Each Guarantor agrees that all authorized users
can make purchases, cash advances, or balance transfers
individually. Each Guarantor is jointly and severally
obligated. This means that we may collect money owed to
us from each Guarantor or from all Guarantors regardless
of your current domestic relationship or other legal
proceedings. In any event, all Guarantors will continue to
be jointly and severally obligated until all Cards are
returned and all amounts owed are paid in full.

9. AUTHORIZED USERS. You may designate
Authorized Users on your Account in the following ways:
(1) notifying us that you want someone added to the
account as an Authorized User; (2) by lending your Card or
Account Number to someone else; or (3) 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. By doing so, you authorize the person to
use your Account, 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 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 mail 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  pay  more 
frequently, pay more than the Minimum Payment, or pay 
the Total New Balance in full. If you make extra or larger 
payments,  you  are  still  required  to  make  at  least  the 
minimum payment each month the Account has a balance 
(other than a credit balance). The Minimum Payment will 
be  either  (a)  3.0%  of  your  total  New  Balance,  or  $25.00, 
whichever is greater, or (b) your total New Balance, if it is 
less  than  $25.00  plus  (c)  any  portion  of  the  Minimum 
Payment(s)  shown  on  prior  statement(s)  which  remains 
unpaid.  In  addition,  at  any  time  your  total  New  Balance 
exceeds your Credit Limit, you must immediately pay the 
excess upon our demand.

11. PAYMENT ALLOCATION. We reserve the right to 
apply your payments to what you owe in any order that we 
choose and to change that order from time to time; however 
no portion of any payment will be applied to amounts not 
yet billed until all billed amounts have been paid in full. All 
payments will be processed as of the close of the business 
day on which they are received.

12. FINANCE CHARGE. You will be charged Finance
Charge (interest) on your Business VISA Account at an
Annual Percentage Rate and the corresponding monthly

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periodic rate as described in this Section. 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 identified 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 of 10.74% is added to the value of the Index. The
monthly periodic rate is one-twelfth of the Annual
Percentage Rate. 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% or less than 13.99%. In no event will the rate
ever exceed the maximum rate permitted by law.

The Finance Charge is calculated by applying the above
periodic (monthly) rate to the unpaid 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
periodic 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.
Cash Advances bear Finance Charges from the transaction
date until paid. There is no FREE INTEREST period for
Cash Advances. However, you can always keep the Finance
Charge to a minimum by making payments, whatever the
amount, as promptly and as often as possible.

13. PERIODIC STATEMENTS. We will mail 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.
At our option, 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 procedures for doing so 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

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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;
• any of your cards or the Account is used for an illegal

transaction;

• if you or any Guarantor become involved in any
insolvency, receivership, guardianship, conservatorship,
or any other proceeding which determines you or any
such Guarantor are incapable of managing your
financial affairs, including filing for Bankruptcy;

• you have or any Guarantor has made a false or
misleading statement in any credit application and/or
in any representation to us while you owe money on
the account;

• 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
including anyone starting an action or
accounts,
proposing to seize any of your or any Guarantor’s
funds on deposit with us;

• we in good faith determine that your or any
Guarantor’s creditworthiness (which includes your or
any Guarantor’s ability to repay us) has become
unsatisfactory due to change in employment, increase
in other obligations, or because of any other reason,
time being of the very essence;

• any Guarantor dies; 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, you agree to continue paying
finance charge, at the periodic rate as described above, until
what you owe has been paid in full. Any shares given as
security for the Account may be applied toward what is owed.
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,
partial payments or any other payments without losing any
of our rights under this Agreement.

1 7 . A C C O R D A N D S A T I S F A C T I O N . A n y
communications concerning a disputed balance, including
an instrument that is marked “paid in full” or contains a
similar notation, or that you otherwise tender as full
satisfaction of amounts owing on your account, must be
sent directly to MICHIGAN FIRST CREDIT UNION,
ATTENTION: DISPUTED CREDIT CARD PAYOFF
DEPARTMENT, 27000 Evergreen Road, Lathrup
Village, Michigan 48076. 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

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sent to the appropriate payment address.

18. NOTIFICATION OF ADDRESS CHANGE. You
agree to notify us promptly if you or any Guarantor change
your name, address or telephone number.

19. 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.

20. 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.

21. 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 19 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 and any Guarantor 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.

22. 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.
In such case, you agree to discontinue the use of the Cards,
and to return the Cards to us, at our request, and you
acknowledge and agree that you are still responsible for all
transactions made to the Account after termination, unless
such transactions were unauthorized. We will likely cancel
the account if any Guarantor revokes his/her guaranty of
your account.

23. CREDIT REPORTING AGENCIES. You and each
Guarantor 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 credit bureaus,
including consumer reporting agencies, and other creditors.
If a Guarantor requests it, we will provide the name and
address of each consumer reporting agency used for this
purpose. If a Guarantor believes we have reported inaccurate
information about the Guarantor to a consumer reporting
agency, please notify us at the address listed above in
Section 19. In so doing, 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. All Guarantors are hereby notified that negative
information will be provided to appropriate consumer
reporting agencies
to perform your
if you fail
obligations under this agreement.

24. 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.

25. CREDITS. If merchants who honor your Card give

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you a credit for returns or adjustments, they will do so by
sending us information concerning the credit amount 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.
26. 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
31, we will separately bill you an International Transaction
Fee; the amount of the fee is set forth in the VISA Business
Credit Card Rate and Fee Schedule.

27. 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 it is required to provide 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.

The credit union is not responsible for the refusal of any

merchant or financial institution to honor a Card.

28. CARD USE AND OWNERSHIP. You understand
that your Business VISA Credit Card is issued by us,
remains our property, and is subject to rules governing credit
card and ATM networks, which financial institutions must
follow. The cards are not transferable. By using your Card at
an ATM, 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) the Card may
not be used for any illegal transaction.

29. DAILY LIMITS. You agree to adhere to any daily
limits established by the Credit Union in conformance with
any applicable ATM network agreement and which are

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subject to modification to preserve the integrity of the ATM
network and prevent
loss to the Credit Union or its
members. Information about daily limits for cash advances
may be obtained by contacting us during our normal
business hours.

30. 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 the authorized users will not
write the PIN on the Card or anything they keep with the
Card. The use by any authorized user of the PIN and Card
in getting a Cash Advance or making a Purchase is agreed
to constitute an authorized signature for purposes of such
transactions. The Card can also be used together with the
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 AN AUTHORIZED USER FORGETS
OR DOES NOT ENTER THE PIN CORRECTLY, THE
ATM MAY KEEP THE CARD THE THIRD TIME THE
PIN IS ENTERED INCORRECTLY. THIS PROCEDURE
IS FOR SECURITY MEASURES. YOU SHOULD
INSTRUCT ALL AUTHORIZED USERS TO KEEP PINS
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 that can be accessed by that card, regardless of
whether that individual is authorized to withdraw money
from the account by any other means.

31. FEES AND CHARGES. You agree to pay the
various fees and charges with respect to your account as set
forth in the fee schedule included with this Agreement or as
otherwise provided to you.

32. 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
the transaction, despite reasonable

flood) prevent
precautions we have taken;

• Your Card is retrieved or retained by an 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 an ATM screen

or other terminal.

33. LIABILITY FOR UNAUTHORIZED USE. You
may be liable for the unauthorized use of your credit card.

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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:

MICHIGAN FIRST CREDIT UNION
27000 Evergreen Road
Lathrup Village, Michigan 48076
800-664-3828
34. SECURITY INTEREST. As a condition of us
granting you credit under this Agreement, you and all
Guarantors hereby agree to grant us a security interest in all
present and future shares and deposits with us except
Individual Retirement Accounts and other accounts which
provide tax benefits under state or federal laws to secure this
VISA Account. Upon default under this Agreement you and
all Guarantors 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 the principal residence of
a Guarantor; and (ii) household goods) securing other loans
with us to secure credit under this Agreement.

35. 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).
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
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.

rules) and applicable federal

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 800-664-3828.

39. INFORMATION ABOUT YOU AND YOUR
ACCOUNT. We will not disclose any Guarantor’s 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.

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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.

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.

If any provision of

42.

ENTIRE

AGREEMENT/EFFECT

OF
AGREEMENT. This Agreement,
together with any
application you or any Guarantor signed or otherwise
submitted in connection with the Account (which is 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 Business
Regular Share Savings 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 Business
VISA Card.

44. 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 written notice to us at our address below, 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 or after we receive the revocation but
before we have had a reasonable opportunity to act on it.

The following is important information regarding your

right to dispute billing errors.

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:

Michigan First Credit Union
27000 Evergreen Road

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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

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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.

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24-Hour Loan Center: 866.933.6333

MichiganFirst.com

Federally insured by the
National Credit Union Administration.

SLIMF185
Revised: 12-16