7.96% to 17.96%  Your rate is based on your creditworthiness and  
Financial Score as related to your credit report 

SUMMARY TABLE 

Interest Rates and Interest Charges 
Annual Percentage 
Rate (APR) for 
Purchases 
APR for Balance 
Transfers 
APR for Cash 
Advances 
Penalty APR  

No change on assigned APR 

No change on assigned APR 

17.96% 
This APR may be applied to your account if you: 

1)  Make 4 payments over 30 days late and 1 payment over 60 days late 

in 24 months,  

2)  Make a payment  that is returned;  
3)  Review of your credit worthiness indicate changes to your beacon 

score; or  

4)  Do any of the above on another account that you have with us 
How Long will the Penalty APR apply?  If your APR is increased for any 
of these reasons, the Penalty APR will apply until you make six 
consecutive minimum payments on or before due date. 
Your due date is at least 25 days after the close of each billing cycle.  We will 
not charge you any interest on purchases if you pay your entire balance by the 
due date each month. 
If you are charged interest, the charge will be average daily balance times 
periodic rate. 
To learn more about factors to consider when applying for or using a credit 
card, visit the website of the Federal Reserve Board at 
http://www.federalreserve.gov/creditcard 

How to avoid Paying 
Interest on Purchases 

Minimum Interest 
Charge 
For Credit Card Tips 
from the Federal 
Reserve Board 

FEES 
Annual Fee 
Transaction Fees 
•  Balance 
Transfer 

•  Cash 

Advance 

•  Foreign 

Transaction 

Late Payment 

Over-the-Credit-Line 
Returned Payment 
Replacement Card 
Receipt & Statement 
Copies 

None 

None 

None ---  The purchase of money order, traveler’s check, foreign 
currency, lottery ticket, gambling chip, or wire transfer is a cash 
advance. 

1% of each transaction in U.S. dollars 

$25.00 on any portion past due 3 days after the minimum due 
date. 
$0 
$25.00 
$15.00  
$2.00 per receipt or per statement 

How We Will Calculate Your Balance:  We use a method called “average daily balance”.  
Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is 
provided under Billing Rights at the end of this document. 

The terms and conditions are accurate as of date of printing, February 2010, and subject to change. For 

information on changes after that date, call 800 763-8600 or 803 469-8600 or write us at SAFE Federal 

Credit Union, PO Box 2008, Sumter, SC 29151-2008, or visit us on-line, at www.safefed.org. 

TERMS AND CONDITIONS AGREEMENT  

This is your Terms and Conditions Agreement with SAFE Federal Credit Union. Please read it carefully and 

keep it for your records. It supersedes all prior agreements relating to your account. You do not have to sign 

this Agreement. Your agreement to all of these provisions, as amended from time to time including the Card 

 
 
 
 
 
 
issued by us, will be shown by your application for the Card, your acceptance of the Card, or your use of the 
Card, whichever occurs first. 
Definitions 
“Agreement” means this document, the Account Terms and Condition and any changes we make to this 
document from time to time. 
“Authorized User” means any person you allow to use your Account including without limitation through a 
Card, Check, the account number, or other credit device. 
“Balance Transfer” means the use of your Account for a loan obtained by a transfer of funds initiated by us at 
your request and includes the use of a Balance Transfer Check.  
“Beacon, FICO, or Credit Score” means a number representing the creditworthiness of a person or 
the likelihood that person will pay his or her debts as determined by credit bureau business 
standards. 
"Card" means either one or more VISA® credit cards, MasterCard®, and any duplicates, renewals or 
substitutions we issue. 
“Cash Advance” means to use your Card or account number to obtain cash loans at any financial institution 
or automated teller machine that accepts the Card, the use of a Cash Advance Check or the purchase of 
cash equivalents.  “Cash Advance” includes the transaction fees associated with any cash advance or any 
cash equivalent that may be requested by the financial institution paying the Cash Advance. 
“Cash Equivalent” means the use of your Card or account number to obtain money orders, traveler’s checks, 
foreign currency lottery tickets, gambling chips or wire transfers.   
“Convenience Checks" means one or more checks that we may send to you to access your Credit Card 
Account. 
“Average Daily Periodic Rate” or “DPR” means the applicable APR divided by 365. 
“Foreign Transaction” means the use of your Card or Account for a transaction with a business or entity 
located outside of the United States or for a transaction in a currency other than U.S. dollars.  Foreign 
Transactions and the Transaction Fees associated with any Foreign Transaction are considered Purchases 
for interest calculation purposes. 
“Monthly Periodic Rate” or “MPR” means the applicable APR divided by 12. 
“Purchase” means the use of your Card or account number to buy or lease goods or services and to make a 
transaction that is not otherwise a balance transfer or a cash advance.  Purchases include foreign 
transactions, account fees and any adjustments associated with any purchase. 
"You," "Your," and "Yours" mean all cardholders (borrowers and co-borrowers); anyone the cardholder 
permits to use the Card(s); as well as any authorized user for whom an additional Card(s) is issued to the 
extent of their purchases and cash advances, as well as transactions by anyone the authorized user may 
permit to use the Card(s). 
"We," "Us," "Our," “Credit Union” and “SAFE” mean, SAFE Federal Credit Union. 

IMPORTANT INFORMATION ABOUT APPLYING FOR A SAFE FCU CREDIT CARD:   To help the government 
fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, 
verify, and record information that identifies each person who open an account.  What this means to you – When you 
apply for membership with SAFE Federal Credit Union (Note: Must be a member of SAFE FCU before applying for a 
credit card), we will ask for your name, street address, date of birth, social security number, and other information that 
will allow us to identify you.  We may also ask to see and make a copy of identifying documents. 
Your Credit Card Account – By signing, keeping or using your Card, you agree to the terms and conditions 
of this Agreement.  You may obtain credit in the form of Purchases, Balance Transfers and Cash Advances 
(up to your available credit limit) by using your Card, Checks, or other credit devices we have provided to you 
and is assigned to this Card.  You agree that we may credit your account rather than issue cash refunds 
when you reverse transactions that were originally charged to your Card Account.  You agree that you will 
not use your Card in connection with any transaction that is prohibited or unenforceable and that if you do 
engage in such a transaction, you waive any claim that the charge is uncollectible on the grounds the 
transaction was prohibited or unenforceable.  You further agree not to present your Card, obtain a Cash 
Advance or write a Convenience Check for any extension of credit in excess of your available Credit Limit 
(the difference between your outstanding balance and your maximum credit limit) on your account. The Card 

must be returned to us upon request.  We may replace your Card with another Card at anytime. 

Certain purchases and cash advances require authorization before completion of the transaction. In some 

cases, you may be asked to provide identification. If our system is not working, we may not be able to 

authorize a transaction, even though you have sufficient credit available. Also, for security reasons, we may 

block the use of your Card in certain countries or geographic areas. We will have no liability to you or others if 

any of these events occur. 

Annual Percentage (APR) and Monthly Periodic Rate (MPR) –  If your application is accepted, 

the Credit Union will establish a credit limit for you from the available rates offered. The 

amount will be based on many factors including your ability to pay, your 

 
creditworthiness, and your Credit Report Score.  The following chart shows the monthly 
periodic rate for APRs offered. The shaded boxes represent rates that have been offered 
in the past and may still be applicable to some members and are printed only in this 
disclosure for information on percentage breakdown and may not be available at this 
time. 

  Monthly 
Periodic 
Rate 
1.50% 

Annual 
Percentage 
Rate 
17.96% 

Monthly 
Periodic 
Rate 
1.33% 
1.16% 
.83% 
.66% 

Annual 
Percentage 
Rate 
15.96% 
13.96% 
9.96% 
7.96% 

1.16% 
.91% 

13.92% 
10.96% 
From time-to-time a credit report may be obtained to determine changes to your APR, credit limit, or 
continued usage of our card(s) using any and all information on credit report including history with other 
creditors.  If your APR is increased, a notification will be sent to you 45 days prior to the effective date to 
provide you the option to Opt Out of the increased APR.  If you elect to Opt Out of the new increased APR, 
your privileges to use our card will be frozen with the current balance and assigned APR.  If you use the card, 
after date on notification of APR increase rate, you are agreeing to the new APR and your account will be 
adjusted as such within applicable regulation.  If you default on your payment, we may implement the default 
APR of 17.96%.   
Maximum Credit Limit --Your Maximum Credit Limit will appear on the folder in which you receive your 
Card and on your monthly statement.  At our discretion, we may change your credit limit at any time.  We will 
notify you if we do, by mail or through your monthly billing statement. You may request a change to your 
credit limit by contacting the Credit Union by telephone or mail. Your continued use of the card will show your 
agreement to any such increase. If you object to an increase in your credit limit, you must notify the Credit 
Union in writing. Upon receipt of such notice, your credit limit will be reduced to its prior limit; however, you will 
be responsible to pay any amount by which you have exceeded the reduced limit. You agree to pay any 
amounts you owe that exceed your maximum credit balance upon demand. 
You agree we are not obligated to extend to you credit for any amount that would cause your outstanding 
balance to exceed your Maximum Credit Limit or for any amount if your outstanding balance already 
exceeds your Maximum Credit Limit. Any increase in your Maximum Credit Limit requested by you will 
require you to make a written application for our approval. 
Credit balances in excess of $1.00 will be refunded to you by either: (a) Credit the amount of the credit 
balance to your share savings account with us; (b) Make a good faith effort to refund to you by check or credit 
a deposit account with us in the name of the cardholder.  Excess amount received will not be applied to credit 
limit.   No further action is required if you have not provided a current address to SAFE.  
You agree that the Maximum Credit Limit will at no time exceed the agreed upon amount, and that any credit 
balance will not be available or increase the Maximum Credit Limit available for new purchases or cash 
advances during any billing cycle.  
Payments --  You authorize us to pay and charge your account for all purchases, balance transfers, checks, 
and cash advances made or obtained by you or anyone you authorize to use your Card or Account.  You 
agree to pay us for all of these transactions, plus any interest assessed on your account any other charges 
and fees which you may owe under the terms of this Agreement, whether resulting from: 

  Physical use of your Card or a Check 
  Mail order or telephone, computer or other electronic transaction made without presenting the 

Card 

  Any other circumstances where you authorize a charge, or authorize someone else to make a 

charge. You agree that a signature is not necessary identification in such cases. 
Each person who has agreed to be responsible on the account is responsible to pay the full amount owed on 
the account.  If this is a joint account, we can send statements and notices to either of you.  We may require 
that you pay the full amount owed without first asking any other person(s) to pay.  Instructions for making 
payments are on your monthly billing statement.  Payments that comply with the requirements specified on 
or with your monthly billing statement, including the time of receipt, will be credited on the business day they 

are received.  Payments must be mailed to the correct P.O. Box or street address specified for U.S. Priority 

Mail and overnight payments.  There may be a delay of up to five (5) days in crediting payments that are not 

made in accordance with those instructions.  Please allow at least seven (7) days for the U.S. Postal Service 

to deliver your payment.  All payments must be made in U.S. dollars.  Any payments made by check or other 

negotiable instrument or direct debit must by drawn on a U.S. financial institution or a U.S. branch of a foreign 

bank.  We do not accept payments made in foreign currency.  The Credit Union can accept late or partial 

payments as well as payments that are marked with "paid in full" or other restrictive endorsements, without 

losing any of our rights under this Agreement to collect the full balance of your Account. To protect you and 

us, the Credit Union in its sole discretion may place a temporary freeze on all or part of the credit available to 

you for new purchases or cash advances under the agreement any time the Credit Union receives a large 

 
 
 
 
 
 
payment ($1,000.00 or more), by a method other than cash, certified funds or electronic transfer. In such 
cases, the Credit Union may freeze your credit line until payment is actually collected by us.   
If you make a payment on this account utilizing a check, you authorize us either to use the information from 
your check to make a one-time electronic fund transfer from your checking/deposit account or to process the 
payment as a check transaction.  When we use information from your check to make an electronic transfer 
fund, funds may be withdrawn from another financial account possibly the same day you make your 
payment, and you will not receive your check back from your financial institution.  For inquiries, or to opt out 
of one-time electronic fund transfers, please contact us at 1-800-763-8600.  
Minimum Payment Due  -- You can pay off your account balance in full each month or you can pay in 
monthly installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of 
your New Balance (rounded to the nearest whole dollar) or $20.00, whichever is greater. If the New Balance 
shown on your periodic statement is $20.00 or less, you agree to pay this amount. Unless the Credit Union 
takes other action as a result of a default under this Agreement, the Minimum Payment Due will also include 
any amount that is past due and any amount by which your new balance exceeds your credit limit. Payments 
and credit will be applied in the following order:  

Payment Allocation:  Subject to any mandatory provisions of applicable law we will apply your 

minimum payment to previously billed unpaid finance charges; late charges and similar charges; balance 
with the lowest interest rate; Cash Advances and Purchases.  You must pay the minimum payment on or 
before the due date each month, but you may pay more with all off the excess payment being applied to 
highest APR balances.   
Returns and Adjustments -- Merchants and others who honor your Card may give credit for returns or 
adjustments, and they will do so by sending the Credit Union a credit voucher, which will be posted to your 
Account.  Returns/Adjustments from merchants are applied in the same format as payments received.  If 
your credits and payments exceed what you owe the Credit Union, the amount will be credited to your SAFE 
member account or we may send you a check on the amount that exceeds your credit line.  (See also 
Maximum Credit Limit)  

Charges Made in Foreign Currencies -- If you incur a charge (Purchase or Cash Advance) in foreign 
currency, the charge will be converted into a U.S. dollar amount in accordance with the operating regulations 
of VISA® International and MasterCard® in effect at the time that the transaction is processed. Currently, 
those Regulations provide that the currency conversion rate to be used is either: (a) a wholesale market rate; 
or (b) a government-mandated rate in effect one day prior to the processing date, increased by 1% (one 
percent) in each case. VISA® retains this 1% as compensation for performing the currency conversion 
service. The currency conversion rate in effect on the processing date may differ from the rate in effect on the 
transaction date or the posting date. A fee of up to 1% of the amount of the transaction, calculated in 
U.S. dollars, will be imposed on all foreign transactions (using VISA or MasterCard), including 
purchases, cash withdrawals and credits to your account that may go through single or multi-
currency conversions. A foreign transaction is any transaction that you complete or a merchant 
completes on your card outside of the U.S. and it’s Territories or the U.S. Virgin Islands and 
Territories. 
Finance Charge -- A FINANCE CHARGE computed on a monthly periodic rate ("MPR) will begin to accrue 
for new Purchases, if you do not pay the New Balance in full within 25 days after the billing date of the 
statement on which the new Purchases first appear. A FINANCE CHARGE is computed on a daily periodic 
rate for the first month of the transaction date on Cash Advance(s). Purchases and/or fees will be computed 
on a monthly periodic rate ("MPR") (except as provided above), or the first day of the billing cycle, whichever 
is later, and will continue to be imposed until you have paid any outstanding balance in full. The Credit Union 
calculates the FINANCE CHARGE as follows: 
1.By applying the monthly periodic rate of your ACCOUNT, to the average daily balance of Purchases and 
Cash Advances. The monthly periodic rate and ANNUAL PERCENTAGE RATE (APR) to be used is 
determined by the account applied for or approved by us pursuant to the terms of your application. 

2.To the total average daily balance on your Account, we take the beginning balance of your Account each 
day, add any new Purchases and Cash Advances, unpaid Finance Charges, current late payment fees, 
and other fees if applicable, and subtract any payments or credits. This is your daily balance. Then we 
add all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. 
This gives the average daily balance. This determines the balance subject to the FINANCE CHARGE. 

If you multiply the balance subject to the interest rate as shown on your monthly billing statement by the 

number of days in the billing period and then, multiply the sum by the applicable DPRs, the results will be 

the interest assessed, except for minor variations caused by rounding.  We may from time to time offer you 

“special” or “promotional” APR offers.  If any are in effect on your account we will separately identify the 

balances to which such offers apply on your monthly billing statement.  These separate balances and the 

related interest will be calculated in the same manner as described above. 

Interest Rate Adjustment (Default Rate) --   From time-to-time, SAFE Federal Credit Union obtains a credit 

report and will determine a change in your Annual Percentage Rate (APR). This change will occur if we 

determine that an adjustment is needed due to a change with your Credit Score or your credit report reflects 

a default situation in your agreement with us (See also “Default”). Interest Rate Adjustment default may 

consist of three (3) consecutive Minimum Payments past due. We will change your interest rate to a fixed 
rate of 17.96% ANNUAL PERCENTAGE RATE, which is a monthly periodic rate of 1.50%, on the first day 
of the billing cycle following the cycle that was consecutively three (3) Minimum Payments past due. See also 
Credit Report. After six (6) consecutive billing cycles if your account is being paid pursuant to the terms of 
your agreement with the Credit Union, your rate will return to the prevailing rate prior to the rate increase. 
Default rate adjustment increasing the APR to the higher rate of 17.96% applies on all balances (including 
any promotional balances). 
Monthly Statement -- We will send you a monthly billing statement whenever there is activity on your 
account. Your monthly statement will show an itemized list of current charges (Purchases and Cash 
Advances) and Convenience Check transactions to your account, your new balance, any Finance Charges, 
the minimum payment due, and the payment due date. In addition, it will show your current credit limit, 
payments, and credits, a summary showing your Purchases and Cash Advances, the merchant, electronic 
terminal or financial institution at which transactions were made, as well as other information concerning your 
account. Sales, Cash Advance, credit or other receipts cannot be retuned with any statement. You will retain 
a copy of such receipt furnished at the time of the transaction in order to verify your monthly statement. 
Avoid Paying Interest on Purchases  --  On purchases, interest begins to accrue as of the transaction.  
However, you may avoid paying interest on purchases in any given billing cycle if you pay your current 
balance in full by the payment due date each month.  For balance transfers, interest will accrue from the day 
we send the balance transfer to the payee.  For Checks, interest will accrue on the day the payee accepts 
the Check.  For Cash Advances, interest will accrue from the day you take the Cash Advance.  The amount 
of the minimum interest charge that will be assessed on your account in any billing cycle in which you owe 
interest is disclosed in the summary table. 
ATM Access -- If you have received a personal identification number (PIN), you may use your Card and PIN 
to obtain Cash Advances at any Automatic Teller Machine ("ATM") that accepts your Card. Your PIN is 
confidential and should not be disclosed to anyone. You agree not to write your PIN on your Card, you will 
not keep your Card and PIN together, and you will not provide your PIN to anyone who is not an authorized 
user. Except as otherwise provided in this agreement, advances through ATM access or using your Credit 
Card will be treated as Cash Advances under this Agreement.  Advances at authorized ATMs are limited to a 
total of $300.00 during any 24-hour period.  
Not all ATMs displaying the VISA® or MasterCard® logo are surcharge free when obtaining Cash Advances. 
A notice from the financial institution operating an ATM will provide a notice that a fee may be imposed by 
them or by any national, regional, or local network used to complete the transaction.  You will have the option 
to continue with your transaction if you agree to the fee(s) imposed or cancel. If you continue with the 
transaction, the fee will be added as part of your Cash Advance total. 
Additional Benefits/Card Enhancements  -- The Credit Union may from time to time offer additional 
services  or special promotions to your card Account, such as skip payments, travel accident insurance, 
purchase rewards or rebates at no or nominal  cost to you. You understand that the Credit Union is not 
obligated to continue or to offer such services and may withdraw or change them at any time. 
Skip Payment Option – From time to time, we may offer a special program allowing you to “skip” a payment 
on your Card.  You understand that we will continue to apply finance charges to your account. Beginning with 
the billing cycle following an allowed skip payment period, all other provisions of this Agreement will apply.  
ScoreCard Rewards Program --  The following Terms and Conditions apply to the ScoreCard Rewards 
Program.  Please read these Terms and Conditions carefully.  Use of your SAFE credit card account will 
automatically enroll you into the ScoreCard Rewards Program.  Program eligibility is restricted to SAFE 
cardholders with accounts in good standing as determined in our sole discretion.  Your card will not be in 
good standing for reasons that include, but are not limited to (a) your account has been closed; (b) a payment 
has not been made when due; (c) a payment made to us is not honored by your financial institution of where 
it was drawn from; or (d) if you do not maintain the level of credit performance you maintained when 
approved.  The account may only be used for personal, family or household purposes.  You must be a 
consumer and you must reside in the United States.  If you do not keep your account open and current your 
enrollment in the program may be cancelled and any unredeemed point may be cancelled.   

Point Accrual and Redemption:  Cardmembers earn Points in the program.  Points are the measure 

used to value rewards for redemption.  If a card has multiple cardholders, the Points will be assigned to the 
account of the primary cardholder of the card.  Cardmembers earn Points in the following amounts based 
upon the type of purchase transaction charged to the account: 

 (1) point per one dollar ($1) on Purchases and Point-of-Sale transactions 

Points earned are based on the new net retail transaction activity (i.e. purchases less credits, cash advances, 

returns and adjustments) charged to the card each periodic billing cycle.  When a purchase or transaction is 

not a whole dollar amount, any fraction equal to or greater than $0.45 will be rounded up to the nearest whole 

dollar and any fraction equal to or less than $0.44 be rounded down to the nearest whole dollar. 

Redeem points by accessing www.scorecardrewards.com and browse their catalog or by calling 800-854-0790, 

Monday-Friday between 9 a.m.-11 p.m. to request a catalog.  For travel redemption you can call 800-842-

3006 Monday-Friday between 9 a.m.-9p.m. and Saturday and Sunday 9 a.m.-4:30 p.m.  Travel department 

is closed on all official holidays. Points cannot be redeemed for cash. 

 
Exceeding Your Credit Limit  -- Credit Union does not permit accounts to exceed the assigned credit line.  
We have no liability if you go over your credit limit due to transaction(s) being processed that overlap or fees 
or other charges occurring simultaneously.  The excess amount over your credit limit will be added to your 
minimum payment and is payable by your payment due date. 
Late Payment Fee -- Credit Union will charge your account a late payment fee of $25.00 on any portion of 
the scheduled payment for each billing period in which your minimum payment is not received within three 
(3) days of your statement due date per month. This fee will be added to your account balance. 
Returned Payment or Insufficient Funds Fee -- Credit Union will charge your account a $25.00 fee if your 
check or similar payment instrument is not honored or if we must return it to you because it cannot be 
processed. This fee will be added to your account balance. Additionally, the return item may cause credit 
card account payment to be late, Late Payment Fee will be applied (see Late Payment Fee). 
Charge for Copies and Card Replacement -- If you ask for a copy of any document, such as a sales 
receipt, Convenience Check, or billing statement, a charge of $10.00 per hour may be imposed for the time it 
takes to research and locate the document. In addition, a copying fee of $2.00 per copy will be imposed. 
However, no charge will be imposed in connection with any actual or asserted billing error. We may charge a 
$15.00 fee to replace a lost/stolen card starting with second replacement.  Fee may be waived with 
submission of a police report.  
Convenience Checks --   Any individual cardholder or authorized user can use Convenience Checks to 
purchase goods and services or to obtain cash up to the amount of your available credit limit unless that 
amount will cause you to exceed your credit limit. We will treat Convenience Checks as Cash Advances and 
will charge them against your credit limit. We may decline to honor a Convenience Check if it brings you over 
your credit limit, you are in default, your account privileges have been canceled, or your Card has expired. 
The Credit Union will charge you a fee of up to $25.00 if we return the Convenience Check due to 
unavailability of credit line as a Returned Check fee.  The fee will be added to your account balance. You 
may not use Convenience Checks to pay any amount that you owe the Credit Union under this or any other 
credit agreement with the Credit Union. Credit Union will not certify any Convenience Checks, nor will the 
Credit Union return paid convenience Checks to you. It is in the Credit Union's sole discretion to issue 
Convenience Checks to any member. 

Convenience Check Stop Payment – Convenience Checks are considered Cash and are categorized 

as “Cash Advances” and there is No Stop Payment Order option. (See also Adjustment for Purchases) 
Merchant Disputes -- The Credit Union is not responsible for the refusal of any merchant or financial 
institution to honor your Card except as set forth in the Special Rules for Credit Card Purchases set forth at 
the end of this Agreement. 

Your Responsibility and Liability for Unauthorized Use and Lost or Stolen Cards or Convenience 
Checks --   If your Card or Convenience Checks are lost or stolen, or if you are afraid someone used or may 
use them without your permission, you must notify the Credit Union at once by calling (800) 763-8600, or 
providing written notice to: SAFE Federal Credit Union, PO Box 2000, Sumter, SC 29151-2008. If notice is 
given orally, you will promptly confirm it in writing. The Credit Union may require you to provide us 
certain information in writing to help us investigate any unauthorized use. Further, you agree to cooperate 
and assist us or any government or law enforcement agent or agency in investigating, collecting or pursuing 
any other rights (civil and criminal) relating to any unauthorized use. In this regard, you agree to file an 
appropriate police report when asked to do so. Do Not use the Card or the Convenience Checks after you 
have notified the Credit Union, even if you find them or have them returned to you. Unless you have been 
grossly negligent or have engaged in fraud, you will not be liable for any unauthorized transaction using your 
lost or stolen card. You will not be liable for any unauthorized use after you have notified the Credit Union of 
the loss, theft or unauthorized user. 
Default --   You will be in default if (a) you fail to pay the Minimum Payment Due by the Payment Due Date 
(See also Default Rate); (b) the Credit Union, in its sole discretion, feels insecure (For example: Our good 
faith belief that your ability to pay your account is impaired; use of your account in any manner or in any way 
that may expose the Credit Union to a risk or loss; etc.) through information obtained from outside sources 
(e.g. Equifax credit report); (c) your ability to repay is materially reduced by a change in your employment, by 
an increase in your obligations, by bankruptcy or insolvency proceedings involving you, by your death, or (for 
community property state residents only) by a change in marital status or domicile; (d) you have made a 

false or misleading statement to us in your application or otherwise, (e) you are in default under any other 

agreement with us; (f) if you use or authorize the use of any Card(s) to make or facilitate any illegal 

transactions; or (g) you fail to perform any of your other obligations under the terms of this Agreement as it 

may be amended from time to time. Upon default, we may close your Account to future purchases and 

advances and, to the extent not prohibited by Governing Law, demand immediate payment of your entire 

Account balance, after giving you any notice and opportunity to cure the default if required by applicable law. 

The Credit Union's sole obligation hereunder with regard to determining and declaring an event of default is 

the exercise of "good faith" based on its subjective understanding of applicable facts. 

 
 
CROSS-COLLATERILIZATION:  I grant to SAFE FCU a lien on all shares and agree that all collateral pledged to secure any 
loan obligation will secure payment of my other obligations.  This pledge will secure all obligations owed at the time of the 
pledge or which arise thereafter.  This “cross-collateralization” of my obligations applies to all debts regarding my accounts, 
loans or otherwise, including but not limited to each closed-end loan obligation, each advance under any open-end loan plan, 
overdrafts, and all obligations under any credit card agreement including a purchase-money security interest in all items 
purchased with my card and a security interest in all present or future sums deposited in the credit union.  Unless a contrary 
intent is evidenced in writing, obligations secured by my primary residence, deposits in an IRA Account, and my household 
goods (other than purchase-money) are not included in the “cross-collateralization” of my obligations to SAFE FCU. 
Your default as listed within (a)-(g) authorizes us to implement your agreement to us pledging all savings and deposits as payments and earnings of 
present and future savings and deposits with us.  In case you default, we may apply these savings and deposits to the payment of all sums due 
including the unpaid principal, the finance charge and any costs of expenses, including reasonable attorney fees that we may occur. 

Collection Costs -- You agree to pay all costs incurred by the Credit Union in collecting any amounts you 
owe or in enforcing or protecting the Credit Union's rights under this Agreement, including attorneys' fees of 
20% of the unpaid balance or such greater sum as may be reasonable, and also those costs, expenses and 
attorneys' fees incurred in any appellate, bankruptcy and post-judgment proceedings, except as limited or 
prohibited by applicable law. 

We are not responsible for refusals to honor your Card or Checks.  Except as required by applicable law or 
regulation, we will not be responsible for merchandize or services purchased or leased through use of your 
card. 

Arbitration – At the election of either you or us, any claim, dispute or controversy by either you or us against 
the other, or against the employees, agents or assigns of the other, arising from or relating in any way to the 
Agreement or your account or any transaction on your Account including (without limitation) claims based on 
contract, fraud, agency negligence, statutory or regulatory provisions or any other source of law and (except 
as specifically provided in this Agreement) claims regarding the applicability of the arbitration clause or the 
validity of the entire agreement shall be resolved exclusively and finally by binding arbitration under the rules 
and procedures of the arbitration administrator selected at the time the claim is filed.  The administrator 
selection process is set forth below.  For purposes of this provision, “you” includes any authorized user on the 
account, any of your agents, beneficiaries or assigns; and “we” or “us” include our employees, parents, 
subsidiaries, affiliates and marketing partners.  Claims made and remedies sought as part of a class action, 
private attorney general or other representative action (hereafter all included in the “class action”) are subject 
to arbitration on an individual bases, not on a class or representative bases. 
   Alternatively, you and we may pursue a claim within the jurisdiction of the Court in South Carolina or the 
equivalent court in your home jurisdiction (each a “Small Claims Court”), provided that the action remains in 
that court, is made on behalf of or against you only and not made part of a class action, private attorney 
general action or other representative or collective action.  Further, you and we agree not to seek to enforce 
this arbitration provision or otherwise commence arbitration based on the same claims in any brought before 
the Small Claims Court. 
   The party initiating arbitration shall utilize the company or individual licensed with the American Arbitration 
Association in South Carolina.  List of arbitrators can be found under www. http://www.alllaw.com/find-an-
attorney, to administer the arbitration.  The Administrator provides information about arbitration, its arbitration 
rules and procedures, fee schedule and claim forms at its web site or by mail as set forth above.  The claim 
will be heard before a single arbitrator, whose authority is limited exclusively to the resolution of claims 
between you and us and to providing an award effective only on behalf of you and/or us.  The arbitration will 
not be consolidated with any other arbitration proceedings.  The administrator shall resolve each dispute in 
accordance with applicable law.  
    If you commence arbitration, you must provide us the notice required by the administrator’s rules and 
procedures.  The notice may be sent to us at SAFE Federal Credit Union, PO Box 2008, Sumter, SC 29151-
2008.  If we commence arbitration we will provide you notice at your last known billing address.  We agree to 
honor your request to remove the action to a Small Claims Court, provided that we receive the request within 
thirty days of the of commencement of arbitration.  Any arbitration hearing at which you appear will take place 
at a location within the federal judicial district that includes your billing address at the time the claim is filed.  
This arbitration agreement is made pursuant to a transaction involving interstate commerce, and shall be 
governed by the Federal Arbitration Act 9 U.S.C §§1-16.  Judgment upon any arbitration award may be 
entered in any court having jurisdiction.  NO class actions joiner or consolidations of any claim with a claim of 
any other person or entity shall be allowable in arbitration, without the written consent of both you and us.  In 

the event that there is a dispute about whether limiting arbitration of the parties’ dispute to a non-class 

proceedings is enforceable under applicable law, then that question shall be resolved by litigation in a court 

rather than by the arbitrator; and to the extent it is determined that resolution of a claim shall proceed on a 

class basis, it shall so proceed in a court of competent jurisdiction rather than in arbitration. 

    We will pay, reimburse you for all fees or costs to the extent required by law, or the rules of the arbitration 

administrator.  Whether or not required by law or such rules, if you prevail at arbitration on any claim against 

us, we will reimburse you for any fees paid to the administrator in connection with the arbitration proceedings. 

In addition, in any arbitration that you elect to file that could be heard in Small Claims Court in your 

jurisdiction, we will pay the filing fees and other arbitration fees above the cost of filing that Small Claims 

Court.  

 
 
 
 
 
 
 
 
 
 
 
    This arbitration agreement applies to all claims now in existence or that may arise in the future except for 
claims by or against any unaffiliated third party to whom ownership of your account may be assigned, in 
which case this arbitration agreement will apply only if you or the third party chose arbitration.  This arbitration 
agreement survives the termination of the cardmember agreement or the account relationship, including your 
payment in full and your filing of bankruptcy.  Nothing in this agreement shall be construed to prevent any 
party’s use of (or advancement of any claims, defenses, or offsets in) bankruptcy or repossession, replevin 
(AKA ‘claim and delivery’), judicial foreclosure or any other prejudgment or provisional remedy relating to any 
collateral, security or property interests for contractual debts now or hereafter owed by either party to the 
other under this agreement.    
   ARBITRATION WITH RESPECT TO A CLAIM IS BINDING AND NEITHER YOU NOR WE WILL HAVE 
THE RIGHT TO LITIGATE THAT CLAIM THROUGH A COURT.   IN ARBITRATION YOU AND WE WILL 
NOT HAVE THE RIGHTS THAT ARE PROVIDED IN COURT INCLUDING THE RIGHT TO A TRIAL BY 
JUDGE OR JURY AND THE RIGHT TO PARTICIPATE OR BE REPRESENTED IN PROCEEDINGS 
BROUGHT BY OTHERS SUCH AS CLASS ACTIONS OR SIMILAR PROCEEDINGS.   IN ADDITION, 
THE RIGHT TO DISCOVERY AND THE RIGHT TO APPEAL ARE ALSO LIMITED OR ELIMINATED BY 
ARBITRATION.  ALL OF THESE RIGHTS ARE WAIVED AND ALL CLAIMS MUST BE RESOLVED 
THROUGH ARBITRATION.  
Limitation of Lawsuits -- You agree that any lawsuit based on a cause of action against us must be filed 
within one year from the date it arises, or you shall be barred from filing any lawsuit. This limitation includes 
tort, contract and all other causes of action for which you and we may lawfully contract to limit. 
Credit Reports -- We report your performance under this Agreement to credit reporting agencies and secure 
follow-up credit reports on you for any legitimate business reason, including if you fail to make your minimum 
payments on time. Information on credit reports determine Annual Percentage Rate as well as continued 
Card privileges. We can reinvestigate and reevaluate any information you provide on your Visa® 
/MasterCard® application at any time, and in the course of doing so, we may ask you to provide additional 
information, request credit bureau reports and/or otherwise verify your current credit standing. 
Access to Account Information:  You agree that all borrowers will have access to information regarding 
transactions on your account, including but not limited to purchases and cash advances, account balances, 
account history, payments and other information relating to or arising with regard to this account or any 
transaction. 
Credit Counseling --  The list of Credit Counseling Agencies Approved Pursuant to 11 U.S.C. § 111 
can be located via the internet under the Justice Department web page  
www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htmand or call 1-800-763-8600 ext. 375.  A 
SAFE Member Service employee will provide you names and numbers of counseling agencies. 
Correcting the Credit Union Credit Report -- If you think the Credit Union reported erroneous information 
about you to a credit reporting agency, call the Credit Union at the telephone number listed on your monthly 
billing statement. Credit Union will promptly investigate the matter. Credit Union will contact each credit 
reporting agency whose records may reflect an error. Credit Union will require them to correct your report if its 
investigation decides that you were correct. If Credit Union disagrees with you after the investigation, Credit 
Union will advise you, in writing or by phone, and instruct you how to submit to those agencies a statement of 
your position that will become a part of your credit record with them. The instruction will include the name, 
address, and phone number of each such agency, along with other pertinent information. 
Changing This Agreement --   The Credit Union may change the terms of this Agreement, including the 
Annual Percentage Rate, suspension of future credit privileges or termination of an account or plan at any 
time. See section ‘Credit Reports’. Except where limited by applicable law, the new terms, including, but not 
limited to, increasing the finance charge or the way the Credit Union calculates finance charges, late charges, 
and the minimum payment due, will apply both to new purchases and cash advances; as well as existing 
outstanding balance of your account as of the day of the change. In accordance with applicable law, the 
Credit Union will notify you of any increased charge or change by writing to you at the most recent address 
shown for you on the Credit Union's records. 
Delay in Enforcement/Waivers -- The Credit Union may delay or waive enforcement of any of the 
provisions of this Agreement, including any agreements to make timely payments, without losing its right to 
enforce the same provision later or any other provisions of this Agreement. You waive the right to receive 
notice of any waiver or delay or presentment, demand, protest or dishonor. You also waive any applicable 
statute of limitations to the full extent permitted by law and any right you may otherwise have to require the 

Credit Union to proceed against any person before suing you to collect. You understand that the Credit Union 

will not be liable for a merchant's or other parties' refusal to honor your Card whether due to an error by the 

Credit Union, the merchant, the Credit Union's authorized agent, or other third party. 

Change of Name, Address or Employment – Billing statements and notices will be sent to the address 

shown in our files.  If this is a joint account, we may send billing statements and notices to either of you.  You 

agree to notify us in writing if your name, home address, or employment changes.  

 
 
Additional Terms of Visa® /MasterCard® Agreement -- To the extent not prohibited by applicable law, the 
terms, interpretation and enforcement of any claim or dispute arising under this Agreement, as well as all 
parties' rights and duties, will be governed by South Carolina law regardless where you may reside or use 
your account. Further, this Agreement is the contract, which governs all transactions on your Account even 
though sales, cash advances, credit, or other receipts may contain different terms. You may not transfer or 
assign your account or Card to any other person. The Credit Union may assign or transfer this Account, your 
Account balance, or this Agreement to another person, who will have all of our rights hereunder. This 
Agreement is binding on your heirs and legal representatives. If there are joint obligors for the credit plan, 
each of you will have the right to use the Account to obtain loans pursuant to the terms hereof. Each of you 
will be liable for all obligations owing on the Account whether borrowed by you or otherwise and whether 
within or beyond the credit limit. Your liability will be joint and several. Either party has the right to cancel this 
Agreement. Further, each of you is responsible for all amounts borrowed by any authorized user(s). You 
remain, at all times, primarily responsible for all amounts owed for transactions performed by authorized 
users. All Cards, billing statements and notices will be mailed or delivered to the address given on the 
application for either applicant unless you direct otherwise in writing. If any low or judicial ruling makes any 
provision of this Agreement unenforceable, the other provisions will remain in full force and effect. You agree 
that your account will also be subject to all rules and regulations of Visa® U.S.A. Inc./MasterCard, Inc. ® . 
Insurance -- If you elect insurance, as set forth in your application, then the charges will be added to your 
Account balance each month, if your insurance application is approved.  Note:  Maximum age for Life 
Insurance will terminate in the month of your 70th birth date.  Maximum age for Credit Disability will terminate 
in the month of your 66th birth date. 
Automatic Payment Option -- You must request directly with Card Services Department to be set up with 
Automatic Payment Option.  Options for Automatic pay are (a) Minimum Payments; (b) Partial Payment 
(must be more than Minimum Payment); (c) Full Payment. Payments can be deducted from your designated 
account on or before your Payment Due Date. If your designated account does not contain sufficient funds 
as set up, no automatic deduction will be made; we will bill you for the Minimum Payment Due; and your 
credit card account will be charged a $25.00 insufficient funds fee. Additional fees may be imposed from your 
account that was designated for payment. If you receive a statement due to insufficient funds from your 
designated account, you will be responsible for making the payment by some other means.  
Illegal Transactions -- You warrant and agree that your Credit Card, other access device or any related 
account will not be used to make or facilitate any illegal transaction(s) as determined by applicable law; and 
that any such use, including any such authorized use, will constitute an event of default under this 
Agreement. The Credit Union may decline to accept, process or pay any transaction that we believe to be 
illegal or unenforceable (regarding your obligation to pay us) under applicable law, including but not limited to 
any transaction involving or relating to any gambling activity. You agree that the Credit Union will not have 
any liability, responsibility or culpability whatsoever for any such use by you or any authorized user(s); or for 
declining to accept, process, or pay any such transaction. You further agree to indemnify and hold the Credit 
Union harmless from any suits, liability, damages or adverse action of any kind that results directly or 
indirectly from such illegal use. 

 
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: 

SAFE Federal Credit Union 
PO Box 2008 
Sumter  SC  29151-2008 

You may also contact us on the Web: www.safefed.org  

In your letter, give us the following information: 

•  Account information: Your name and account number. 

•  Dollar amount: The dollar amount of the suspected error. 

•  Description of problem: If you think there is an error on your bill, describe 

what you believe is wrong and why you believe it is a mistake. 

You must contact us: 

• Within 60 days after the error appeared on your statement. 

• At least 3 business days before an automated payment is scheduled, if you 

want to stop payment on the amount you think is wrong. 

 
 
You must notify us of any potential errors in writing or 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 there is 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 are 
affiliated with 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.  

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. 

 
 
 
 
 
CREDIT CARD  

AGREEMENT 
& 
TRUTH-IN-LENDING 
DISCLOSURE 

1-800-763-8600 
469-8600 
P.O. Box 2008, Sumter, SC 29151