Variable Rate Credit Card   
           Agreement and 
       Truth in Lending Disclosure 
            Visa  Platinum   
        Visa  Platinum Rewards 
            Visa  Signature 
            Important Document 
          Please keep for your records 
          Hudson Valley Credit Union 
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       Variable Rate Credit Card 
           Agreement and 
        Truth in Lending Disclosure 
   In this Variable Rate Credit Card Agreement and Truth in 
   Lending Disclosure (Agreement), the words you and your 
   mean each and all of those who applied for the Card. Card 
   means the Credit Card or Cards for which you applied 
   and any duplicates or renewals we issue. Account means 
   this open-end revolving line of credit account established 
   pursuant to this Agreement. Charges are posted to the 
   Account from the use of the Card, information from the Card 
   or any other device or procedure by which the Account can 
   be accessed. We, us and our mean Hudson Valley Credit 
   Union (HVCU). 
   RESPONSIBILITY 
   You agree to repay all charges, purchases, cash advances 
   and finance charges arising from the use of the Card and the 
   Account. For example, you are responsible for charges made 
   by yourself, your spouse, and minor children. You are also 
   responsible for charges made by anyone else to whom you 
   give the Card, and this responsibility continues until the Card 
   is recovered. You cannot disclaim responsibility by notifying 
   us, but we will close the Account for new transactions if 
   you so request and return all Cards. Your obligation to pay 
   the Account balance continues even though an agreement, 
   divorce decree, or other court judgment to which we are 
   not a party may direct you or one of the other persons 
   responsible to pay the Account. 
   If you have requested an authorized user on your Card, you 
   agree to be responsible for all charges made by yourself and 
   your authorized user. You understand the authorized user is 
   not the person liable for debts incurred with the use of the 
   Card, and that you are the person solely responsible for the 
   Account. 
   GOVERNING LAW 
   This agreement is made in New York and shall be governed 
   by the laws of the State of New York to the extent that New 
   York law is not inconsistent with controlling Federal law. 
   New York�s choice of law rules shall not be applied if that 
   would result in the application of non-New York Law. 
   ENFORCEMENT 
   You agree to be liable to HVCU for any liability, loss, or 
   expense as provided in this Agreement that the Credit Union 
   incurs as a result of any dispute involving your accounts 
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   or the services. You authorize HVCU to deduct any such 
   liability, loss, or expense from your account without prior 
   notice to you. In the event either party brings a legal action 
   to enforce the Agreement, the prevailing party shall be 
   entitled, subject to applicable law, to payment by the other 
   party of its reasonable attorney�s fees and costs, including 
   fees on any appeal, bankruptcy proceedings, and any post-
   judgment collections actions, if applicable. 
   SEVERABILITY 
   If any term of this Agreement is to any extent invalid, illegal, 
   or incapable of being enforced, such term shall be excluded 
   to the extent of such invalidity, illegality, or unenforceability; 
   all other terms hereof shall remain in full force and effect. 
   CREDIT LINE 
   We have established a revolving line of credit for you and 
   will notify you of the credit limit when we issue the Card. 
   You agree not to let the Account balance exceed this 
   approved credit line. Each payment you make on your 
   Account will restore your credit line by the amount of the 
   payment, which is applied to principal. If you request an 
   increase to your credit limit and we approve the request, 
   your use of the Card constitutes acceptance of the increased 
   line. By giving you written notice we may reduce your credit 
   line, or with good cause, revoke your Card and terminate 
   this agreement. Good cause includes your failure to comply 
   with this agreement, or an adverse re-evaluation of your 
   creditworthiness. You may also terminate this agreement 
   at any time, but termination by either of us does not affect 
   your obligation to pay the Account balance. The Card 
   remains our property and you must recover and surrender 
   to us all Cards upon our request and upon termination of 
   this agreement. 
   USING THE CARD 
   You understand that the use of your Card will constitute 
   acknowledgment of receipt and agreement to the terms of 
   this Agreement. 
   To make a purchase, you and any authorized user may use 
   the Card by presenting it to a participating Visa merchant 
   or provide the Card information for purchases not made in 
   person. To make a cash advance, there are two alternative 
   procedures to be followed. One is for you and any 
   authorized user to present the Card to a participating Visa 
   merchant, to us or to another financial institution, and sign 
   the sales or cash advance draft which will be imprinted with 
   your Card. The other is to complete the transaction by using 
   your Personal Identification Number (PIN) in conjunction 
   with the Card in an Automated Teller Machine (ATM) or 
   other type of electronic terminal that provides access to 
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   the Visa system. You may make cash withdrawals that total 
   $500.00 per day either individually or in aggregate. This 
   service may not be available at all machines. Dollar amounts 
   available may vary between machines. 
    
   INACTIVITY 
   At the time your Card is due to expire, if your Account has 
   been inactive for a period of 23 months, we will not reissue 
   another Card and your Account will be closed. You will then 
   be required to re-apply and be re-qualified to use a Card. 
   ISSUANCE OF PERSONAL IDENTIFICATION NUMBER 
   We will issue you a Personal Identification Number (PIN) 
   for use with your Card. This PIN is confidential and should 
   not be disclosed to anyone. In the event a use of your PIN 
   constitutes an electronic funds transfer, the terms and 
   conditions of your Electronic Funds Transfer Disclosure & 
   Agreement apply. 
   LIABILITY FOR UNAUTHORIZED USE 
   You may be liable for unauthorized use of your Card. 
   You will not be liable for unauthorized use that occurs 
   after you notify us of the loss, theft, or other unauthorized 
   use. In any case, your liability will not exceed $50.00 for 
   unauthorized cash advances at ATMs, and zero liability for 
   unauthorized purchases made with your Card. In order 
   to qualify for the zero liability, you must not have been 
   negligent or fraudulent in the handling of the Account. 
   In case of loss or theft, call the credit union immediately at 
   845.463.3011. 
   MONTHLY PAYMENT 
   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 must pay at least the minimum 
   payment within 25 days of your statement closing date. 
   You may pay more frequently, pay more than the minimum 
   payment, or pay the total new balance in full, and you 
   will reduce the finance charge by doing so. The minimum 
   payment will be either (a) 2% of your total new balance, or 
   $10.00, whichever is greater, or (b) your total new balance, 
   if it is less than $10.00, 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 line, you must immediately pay the 
   excess upon our demand. Payments made to your Account 
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   will be applied in the following order: fees, finance charges, 
   purchases, and cash advances. We may accept checks 
   marked �payment in full� or with words of similar effect 
   without losing any of our rights to collect the full balance of 
   your Account with us. 
   FINANCE CHARGE 
   HOW TO AVOID PAYING INTEREST ON PURCHASES: 
   Your due date is at least 21 days after the close of each 
   billing cycle. We will not charge you any interest on 
   purchases if you pay your entire new balance by the due 
   date each month. 
       
   HOW WE WILL CALCULATE YOUR BALANCE: 
   We use a method called �Average Daily Balance (including 
   new purchases)�. 
   HOW WE CALCULATE YOUR BALANCE AND INTEREST 
   CHARGE ON BALANCES: 
   We figure the interest charge on your Account by applying 
   the applicable Periodic Rate to the �Balance Subject to 
   Interest Rate� which is the �Average Daily Balance� of your 
   Account for each feature category, including certain current 
   transactions. Feature categories include purchases, balance 
   transfers, cash advances and promotional balances. These 
   calculations may combine different feature categories with   
   the same �Monthly Periodic Rates�. The �Average Daily 
   Balance� for each feature category is arrived at by taking 
   the beginning balance of such feature category each day 
   and adding any new transactions to the balance, except we 
   will not include new purchases if you have paid in full the 
   New Balance on your previous statement by the Payment 
   Due Date or if the New Balance on your previous statement 
   was zero. Cash advances incur an interest charge from the 
   date they are posted to your Account. We then subtract any 
   payments or credits and unpaid interest or other �Finance 
   Charges� allocated to the feature category balance for 
   the day. This gives us the daily balance for such feature 
   category. The daily balances for such feature category are 
   then added together and divided by the number of days in 
   the billing cycle. The result is the �Average Daily Balance� 
   for such feature category. The interest charge is determined 
   by multiplying the �Average Daily Balance� by the monthly 
   periodic rate.  If your periodic rate is computed using an 
   index, your periodic rate(s) may vary. The Payment Due 
   Date will be no less than 21 days after we have sent you 
   your current monthly statement. For your Account to be 
   considered current and to avoid a late payment fee, you 
   must pay at least the Minimum Payment Due this period 
   and any Past Due Amount by the due date shown on your 
   statement. 
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   For all Cards, the current Monthly Periodic Rate and the 
   corresponding  interest rate will be disclosed to you in a 
   separate letter enclosed with this Agreement/Disclosure.    
   VARIABLE RATE 
   Your Account is subject to a Variable Rate. Your ANNUAL 
   PERCENTAGE RATE (APR) may increase (or decrease) if 
   our index, the Wall Street Journal Prime Rate in effect on 
   the fifth to last business day of the month increases (or 
   decreases). When a range of rates is published in the Wall 
   Street Journal on that day, the index will be the highest 
   rate. Each month, the new index rate is added to the margin 
   (disclosed separately in the letter enclosed) to calculate the 
   ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE 
   RATE, when changed, affects your entire balance and is 
   effective the first full statement cycle following the change 
   in the Prime Rate. The ANNUAL PERCENTAGE RATE will never 
   be more than the rate ceiling allowed by New York State 
   Law. We will not accumulate unused index rate increases 
   and decreases. Changes in the ANNUAL PERCENTAGE RATE 
   will result in more (or fewer) payments. We may change the 
   index with proper notice to you. 
   In accordance with federal regulation, for Card balance 
   transfers conducted in certain situations such as, changing 
   from one product to another within this credit union, the 
   amount of the transferred balance will remain at the variable 
   ANNUAL PERCENTAGE RATE in effect for the product from 
   which the balance was transferred. For example, if you 
   wish to change from a Visa Platinum Rewards card to a Visa 
   Platinum Card and this change results in transferring the 
   balance remaining on the Visa Platinum Rewards Card to the 
   Visa Platinum Card, the variable ANNUAL PERCENTAGE RATE 
   of the Visa Platinum Rewards Card must remain in effect 
   on the amount transferred until such time that portion of 
   the balance is paid in full and all future transactions will be 
   charged the variable ANNUAL PERCENTAGE RATE in effect 
   for the Visa Platinum Card. This does not apply in situations 
   when your Card requires replacement, for example if your 
   Card is compromised, lost, stolen, etc. 
   CHANGE IN TERMS 
   We have the right to change any of the terms of this 
   Agreement, including but not limited to rates and fees, at 
   any time. You will be given notice of a change as required by 
   applicable law. Any change in terms governs your Account 
   as of the effective date, and will, as permitted by law and 
   at our option, apply both to transactions made on or after 
   such date and to any outstanding Account balance. We may 
   amend the Annual Percentage Rate on your Account, based 
   on the results of our obtaining and evaluating your credit 
   information. Use of your Account may constitute agreement 
   to any change in terms. 
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   RETURNS AND ADJUSTMENTS   
   Merchants and others who honor the Card may give credit 
   for returns or adjustments, and they will do so by sending us 
   a credit, which we will post to your Account. If your credits 
   and payments exceed what you owe us, we will hold and 
   apply this credit balance against future purchases and cash 
   advances, or if it is one dollar or more, refund it on your 
   written request or automatically after 6 months. 
   CASH ADVANCE FEE 
   For each cash advance conducted in person at a branch, we 
   will assess a cash advance transaction fee equal to 2% of the 
   amount of the cash advance. Cash advance transaction fees 
   will be added to the cash advance balance on your Account. 
   FOREIGN TRANSACTIONS 
   Purchases, cash withdrawals,  cash advances, and credits 
   made or initiated in foreign countries or foreign currencies 
   will be billed to you in U.S. dollars regardless of your 
   physical location.  A transaction�s location for purposes 
   of invoking the foreign transaction fee is determined 
   by internationally-based or overseas merchants, or the 
   physical location of the merchant who consummates the 
   transaction rather than where the consumer member is 
   physically located. The conversion into dollars will be made 
   in accordance with the operating rules for international 
   transactions established by Visa, USA, Inc. and may occur on 
   a date other than the date of the transaction; therefore, the 
   currency conversion rate may be different than the rate in 
   effect at the time of the transaction. 
   We do not determine the currency conversion rate that 
   is used nor do we receive any portion of the currency 
   conversion rate. You agree to pay the converted amount. 
   The exchange rate to dollars will be a rate that is in effect for 
   the applicable central processing date and is selected either 
   from the range of rates available in wholesale currency 
   markets; or the government mandated rate. A FOREIGN 
   TRANSACTION FEE of 1% of the transaction amount will be 
   assessed on Visa Platinum and Visa Platinum Rewards and 
   will be shown independently of the transaction on your 
   billing statement. 
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       STATUTORY LIEN AND SECURITY INTEREST 
     If you are in default on any financial obligation, Federal   
     law permits us to enforce a statutory lien and security   
     interest on all accounts in which you have an ownership   
     interest by transferring funds from these accounts to   
     satisfy your obligtions. We may also restrict access to   
     these accounts. This security interest does not apply   
     to the extent it otherwise violates federal law, to            
     any Individual Retirement Account, or to any other   
     account that would lose special tax treatment under   
     state or federal law if given as security. 
    CROSS COLLATERAL   
    To secure your Account, you grant us a purchase money 
    security interest under the Uniform Commercial Code (UCC) 
    in any goods you purchase through the Account, except 
    property used for personal, family or household purposes.  
    Any collateral securing other loans with us (other than your 
    principal dwelling) will also secure advances made under 
    this Agreement. If you default, we will have the right to 
    recover any of these goods, which have not been paid for 
    through our application of your payments in the manner 
    described under the paragraph Monthly Payments, as 
    provided in this Agreement. 
    MERCHANT DISPUTES 
    We are not responsible for the refusal of any merchant, 
    financial institution, or automated equipment to honor or 
    accept your Card. 
    We are subject to claims and defenses (other than tort 
    claims) as described under YOUR BILLING RIGHTS. 
    DEFAULT 
    You will be in default if: 
    1.    you fail to make any minimum payment within 25 
      days of your statement date;  
    2.    you fail to live up to the terms and conditions of this 
      Agreement and Truth in Lending Disclosure; 
    3.    your creditworthiness is impaired; 
    4.    you die, become insolvent, or are the subject of 
      bankruptcy or receivership proceedings; 
    5.    you have made a misrepresentation in connection 
      with the Card application and/ or this Agreement, or; 
    6.    you are in default on any other loan with us. 
    If you are in default, we have the right to terminate this 
    Agreement and demand immediate payment of your full 
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   Account balance, subject to our giving you any notice 
   required by law. To the extent permitted by law, you will 
   also be required to pay our collection expenses, including 
   court costs and reasonable attorney fees. 
   CREDIT INFORMATION   
   You authorize us to disclose information regarding your 
   Account to credit bureaus and other creditors who inquire 
   of us about your credit standing. You also authorize us to 
   request and use a report(s) from outside credit reporting 
   agencies in considering your original request for credit or 
   in connection with renewal or continuation of the credit for 
   which you have applied. If you request it, we will tell you 
   whether or not we asked for such a report, and if we have, 
   give you the name and address of the agency or agencies. 
   EFFECT OF AGREEMENT 
   This agreement will be effective when you or an authorized   
   user uses the Card or the Account, or if you fail to cut your   
   Card in half and return it to us within 30 days after it is   
   issued to you. This agreement applies to all transactions on   
   your Account even though the sales, cash advance, credit, or   
   other slips you sign or receive may contain different terms.   
   FEES 
   If you fail to make any minimum payment within 35 days of 
   the statement date, a late fee will be imposed as set forth in 
   the Fee Schedule. 
   Your Card is also subject to other applicable fees as set 
   forth in the Fee Schedule. 
   The Fee Schedule accompanies this Agreement and 
   Disclosure and is incorporated by this reference. We will 
   charge such fees against your Account. 
   NO WAIVER 
   We can delay enforcing any of our rights any number of 
   times without losing them. 
   STATEMENTS   
   Statements and notices will be mailed to you at the most 
   recent address given to us. Notice sent to any one of you 
   will be considered notice to all. The monthly statement 
   will identify the merchant, electronic terminal or financial 
   institution at which transactions were made, but sales, 
   cash advance, credit, or other slips cannot be returned with 
   the statement. You should retain the copy of such slips 
   furnished at the time of the transaction in order to verify 
   the monthly statement. 
   ACCOUNT BALANCE RESTRICTIONS   
   In order to be approved for and maintain a Secured Visa 
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   Account, you agree to give us a specific pledge of shares 
   which will equal your credit limit. You may cancel your 
   Secured Visa Account at any time without penalty and 
   redeem your pledged shares by paying any amounts 
   borrowed through the use of your Card. In order to be 
   certain that your entire balance and all advances on your 
   Account are paid, any shares pledged may not be available 
   for 30 days after you have cancelled your Account and any 
   outstanding balance is paid in full. 
   AUTOMATIC PAYMENT SERVICE 
   If you requested to have your Card payment made 
   automatically, your payment will be made on the due date 
   printed on your statement. If the payment date falls on a 
   weekend or holiday, the payment will be made the next 
   processing day. Payments will be based on the ending 
   balance from the previous month�s statement. 
   If you wish to cancel this service, you may notify us either 
   by calling or writing, at any time, up to 3 business days 
   before the scheduled date of the transfer. You must follow 
   up any oral notification, in writing, within 14 days of the oral 
   notification. 
   ILLEGAL USE OF FINANCIAL SERVICES   
   Any financial service provided by the credit union may be   
   used for any transaction permitted by law. You agree that   
   illegal use of any financial service will be deemed an action   
   of default and/or breach of contract and such service and/or   
   other related services may be terminated at our discretion.   
   Illegal use includes, but is not in any way limited to, unlawful   
   Internet gambling. You further agree, should illegal use occur,   
   to waive the right to sue us for such illegal activity directly   
   or indirectly related to it. You also agree to indemnify and   
   hold the credit union harmless from any suits or other legal   
   action or liability, directly or indirectly, including credit union   
   expenses associated with defense of such law suits or other   
   legal action, including attorney fees, resulting from such   
   illegal use.   
   BLOCKING CARDS AND/OR REFUSAL TO AUTHORIZE 
   TRANSACTIONS 
   We may block this Card due to the appearance of unusual   
   spending behaviors or block transactions originating in   
   certain domestic or international regions where there is a high   
   volume of fraud. 
   CONVENIENCE CHECKS 
   You can access your revolving line of credit to purchase 
   goods and services or to obtain cash up to the amount of 
   your credit limit through the use of convenience checks. 
   Use of your convenience checks is a cash advance on 
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   your Account and is subject to a $10,000 daily limit. We 
   are not required to honor a convenience checks that will 
   cause you to exceed your credit limit. We will not pay a 
   convenience check if at the time the check is presented, 
   you are in default or we have suspended, terminated or 
   cancelled your Account. Each convenience check must be in 
   the form we have issued to you. Convenience checks may 
   be used only by the person whose name is printed on the 
   check. You are responsible for all authorized use of your 
   convenience check. You may not use a convenience check 
   to pay any amount which you owe us under your Account. 
   Your monthly statement will show you an itemization of 
   the convenience checks posted to your Account during 
   the billing cycle. Convenience checks paid by us will not 
   be returned to you with your monthly statement. You may 
   order a stop payment on a convenience check by notifying 
   us orally or in writing. Oral notices must be confirmed in 
   writing within fourteen (14) days. Written stop payment 
   orders will remain in effect for six (6) months, but may 
   be renewed for an additional six (6) month period by 
   written notice during the time the stop payment order 
   was effective. We will charge a fee when we place a stop 
   payment on your check(s). Convenience checks are the 
   property of the credit union. We reserve the right to revoke 
   them at any time. You agree to return them at our request.   
   INTEGRATED DOCUMENTS 
   Any separate sheet of paper, which is delivered to you with 
   this Agreement, is an integrated part of this Agreement and 
   Disclosure. 
   HOLDER IN DUE COURSE NOTICE (If applicable) 
     NOTICE: ANY HOLDER OF THIS   
     CONSUMER CREDIT CONTRACT IS   
     SUBJECT TO ALL CLAIMS AND DEFENSES   
     WHICH THE DEBTOR COULD ASSERT   
     AGAINST THE SELLER OF GOODS OR   
     SERVICES OBTAINED PURSUANT HERETO   
     OR WITH THE PROCEEDS HEREOF.   
     RECOVERY HEREUNDER BY THE DEBTOR   
     SHALL NOT EXCEED AMOUNTS PAID BY   
     THE DEBTOR HEREUNDER. 
   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: 
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    �    Hudson Valley Credit Union 
         P.O. Box 1071 
         Poughkeepsie, NY 12602-1071 
    �
    You may also contact us on the web at hvcu.org and click 
    on �Contact Us.� 
    In your letter, give us the following information: 
    �
    �    Account information: Your name and account 
       number. 
    �    Dollar amount: The dollar amount of the suspected 
       error. 
    �    Description of problem: If you think there is an 
       error on your bill, describe what you believe is 
       wrong and why you believe it is a mistake. 
    �
    You must contact us: 
     �
    Within 60 days after the error appeared on your statement. 
    �    At least 3 business days before an automated 
       payment is scheduled, if you want to stop 
       payment on the amount you think is wrong.�
    �    You must notify us of any potential errors in 
       writing or electronically. You may call us, but if 
       you do we are not required to investigate 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. 
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   �    We can apply any unpaid amount against your credit 
     limit. 
   After we finish our investigation, one of two things will 
   happen: 
   �    If we made a mistake: You will not have to pay the 
     amount in question or any interest or other fees 
     related to that amount. 
   �    If we do not believe there was a mistake: You 
     will have to pay the amount in question, along 
     with applicable interest and fees. We will send 
     you a statement of the amount you owe and the 
     date payment is due. We may then report you as 
     delinquent if you do not pay the amount we think 
     you owe. 
   If you receive our explanation but still believe your bill is 
   wrong, you must write to us within 10 days telling us that 
   you still refuse to pay. If you do so, we cannot report you as 
   delinquent without also reporting that you are questioning 
   your bill. We must tell you the name of anyone to whom 
   we reported you as delinquent, and we must let those 
   organizations know when the matter has been settled 
   between us. 
   If we do not follow all of the rules above, you do not have 
   to pay the first $50 of the amount you question even if your 
   bill is correct. 
   YOUR RIGHTS IF YOU ARE DISSATISFIED WITH YOUR   
   CREDIT CARD PURCHASES : 
   If you are dissatisfied with the goods or services that you 
   have purchased with your 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 Card for the purchase. 
   Purchases made with cash advances from an ATM or with a 
   check that accesses your 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 
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    dissatisfied with the purchase, contact us in writing at: 
          Hudson Valley Credit Union 
          P.O. Box 1071 
          Poughkeepsie, NY 12602-1071 
                 �
    or electronically at hvcu.org and click on �Contact Us�. 
    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. 
    Mandatory Arbitration 
    Any claim, dispute, or controversy (�Claim�) arising out 
    of or relating to this Agreement or the relationships 
    among the parties hereto shall be resolved by one 
    arbitrator through binding arbitration administered by 
    the American Arbitration Association (�AAA�) in the State 
    of New York, under the AAA Consumer Rules in effect at 
    the time the Claim is filed (�AAA Rules�). Copies of the 
    AAA Rules and forms can be located at www.adr.org, or 
    by calling 1.800.778.7879. The arbitrator�s decision shall 
    be final, binding, and non-appealable. Judgment upon 
    the award may be entered and enforced in any court 
    having jurisdiction. The costs of the arbitration, including 
    arbitrator�s fees, shall be borne equally by the parties to 
    the arbitration, unless the arbitrator orders otherwise. 
    This clause is made pursuant to a transaction involving 
    interstate commerce and shall be governed by the 
    Federal Arbitration Act. Neither party shall sue the other 
    party other than as provided herein or for enforcement 
    of this clause or of the arbitrator�s award; any such suit 
    may be brought only in Federal District Court or, if any 
    such court lacks jurisdiction, in any state court that has 
    jurisdiction. The arbitrator, and not any federal, state, 
    or local court, shall have exclusive authority to resolve 
    any dispute relating to the interpretation, applicability, 
    unconscionability, arbitrarily, enforceability, or formation 
    of this Agreement including any claim that all or any 
    part of the Agreement is void or voidable. However, the 
    preceding sentence shall not apply to the clause entitled 
    �Class Action Waiver.� 
    This provision does not apply to covered borrowers, as 
    such term is defined in the Military Lending Act, as may be 
    amended from time to time. 
    Class Action Waiver 
    Any claim must be brought in the respective party�s 
    individual capacity, and not as a plaintiff or class member 
    in any purported class, collective, representative, multi-
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   plaintiff, or similar proceeding (�Class Action�). The parties 
   expressly waive any ability to maintain any Class Action 
   in any forum. The arbitrator shall not have authority to 
   combine or aggregate similar claims or conduct any Class 
   Action nor make an award to any person or entity not a 
   party to the arbitration. Any claim that all or part of this 
   Class Action Waiver is unenforceable, unconscionable, 
   void, or voidable may be determined only by a court of 
   competent jurisdiction and not by an arbitrator.  
   THE PARTIES UNDERSTAND THAT THEY WOULD HAVE 
   HAD A RIGHT TO LITIGATE THROUGH A COURT, TO 
   HAVE A JUDGE OR JURY DECIDE THEIR CASE AND TO 
   BE A PARTY TO A CLASS OR REPRESENTATIVE ACTION.  
   HOWEVER, THEY UNDERSTAND AND CHOOSE TO 
   HAVE ANY CLAIMS DECIDED INDIVIDUALLY, THROUGH 
   ARBITRATION. 
   This provision does not apply to covered borrowers, as 
   such term is defined in the Military Lending Act, as may be 
   amended from time to time. 
   Waiver of Jury Trial   
   Subject to and without modifying or waiving in any way the 
   clauses above entitled �Mandatory Arbitration� and �Class 
   Action Waiver,� each of the parties hereby unconditionally 
   waives any right to a jury trial with respect to and in any 
   action, proceeding, claim, counterclaim, demand, dispute, 
   or other matter whatsoever arising out of or related to this 
   Agreement. 
   This provision does not apply to covered borrowers, as 
   such term is defined in the Military Lending Act, as may be 
   amended from time to time. 
   Credit Line Changes 
   You agree that without giving you advance notice, or upon 
   your written request, we may increase your Line Of Credit 
   at our discretion. By updating, reviewing, or extending 
   your Line of Credit, we may request a new credit report and 
   employment verification without telling you. 
   MAPR Statement 
   Federal law provides important protections to members 
   of the Armed Forces and their dependents relating to 
   extensions of consumer credit. In general, the cost of 
   consumer credit to a member of the Armed Forces and his 
   or her dependent may not exceed an annual percentage 
   rate of 36 percent. This rate must include, as applicable 
   to the credit transaction or account: The costs associated 
   with credit insurance premiums; fees for ancillary products 
   sold in connection with the credit transaction; any 
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   application fee charged (other than certain application 
   fees for specified credit transactions or accounts); and any 
   participation fee charged (other than certain participation 
   fees for a credit card account). You may obtain this 
   disclosure orally toll-free at 844.348.1617. 
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        CJ HudsonValley� 
        tz::=I  CREDIT UNION 
            LO14570-V8 2/2021 
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