BUSINESS CREDIT CARD AGREEMENT 

This Business  Credit  Card Agreement ("Agreement") includes this document, any  letter, card carrier,  card insert, addendums, 
any  other  document  accompanying  this  Agreement,  any  application  that  you  signed  or  submitted  to  the  credit  union,  and  any 
notification  of  changes  to  this  Agreement.  The  words  "you"  and  "your"  mean  each  person,  each  business  or  organization 
("organization"), and each officer or owner  of the organization  who agrees to be bound by this Agreement as set forth below.  
The words we, our, us and "credit union" means the credit union whose name appears on this Agreement or anyone to whom 
the credit union transfers this Agreement. The word "card" means the Visa business credit card you receive from the credit union 
and any duplicates, renewals, or substitutions the credit union issues to you. The word "account" means the credit card line of 
credit account the credit union approves for you that is subject to this Agreement.  

1.  PERSONS BOUND.  By signing (in ink, electronically or digitally) any business loan application stating your agreement to 
be bound by this Agreement or by using the card or account we issue to you, or by authorizing an employee to use the card or 
account  we issue to  you,  you agree to be  bound by the terms of this Agreement.  If you are  an officer or owner obtaining  an 
account for your organization, you agree to the terms of this Agreement in your personal capacity as well as your capacity as an 
officer or owner authorized to bind the organization to this Agreement. 

2.  USING YOUR ACCOUNT.  If you are approved for an account, the credit union will establish a line of credit for you. The 
amount of your credit limit is set forth on the Addendum.  You agree that your credit limit is the maximum amount (purchases, 
cash  advances,  finance  charges,  plus  "other  charges")  that  you  will  have  outstanding  on  your  account  at  any  time.    If  you 
exceed  your  credit  limit,  you  must  pay  the  amount  you  are  over  your  limit  plus  any  fees  and  unpaid  finance  charges  before 
payments  will  begin  to  restore  your  credit  limit.  In  addition,  a  fee  may  be  imposed  for  exceeding  your  credit  limit.  You  may 
request  an  increase  in  your  credit  limit  only  by  a  method  acceptable  to  the  credit  union.    The  credit  union  may  increase  or 
decrease your credit limit, refuse to make an advance and/or terminate your account at any time for any reason not prohibited 
by law.  

3.  CONVENENICE CHECKS.  If you are permitted to obtain cash advances on your account, we may from time to time issue 
convenience checks to you that may be drawn on your account. Convenience checks may not be used to make a payment on 
any of your credit union accounts.   If you use a convenience check it will be posted to your account as a cash advance. We 
reserve  the  right  to  refuse  to  pay  a  convenience  check  drawn  on  your  account  for  any  reason  and  such  refusal  shall  not 
constitute wrongful dishonor. 

You may request that we stop the payment of a convenience check drawn on your account. You agree to pay any fee imposed 
to stop a payment on a convenience check issued on your account. You may make a stop payment request orally, if permitted, 
or in writing. Your request must be made with sufficient time in advance of the presentment of the check for payment to give us 
a reasonable opportunity to act on your request. In addition, your request must accurately describe the check including the exact 
account number, the payee, any check number that may be applicable, and the exact amount of the check. You may make a 
stop  payment  request  orally  but  such  a  request  will  expire  after  fourteen  (14)  days  unless  you  confirm  your  request  in  writing 
within that time. Written stop payment orders are effective only for six (6) months and may be renewed for additional six month 
periods by requesting in writing that the stop payment order be renewed. We are not required to notify you when a stop payment 
order expires. If we re-credit your account after paying a check or draft over a valid and timely stop payment order, you agree to 
sign a statement describing the dispute with the payee, to assign to us all of your rights against the payee or other holders of the 
check or draft and to assist us in any legal action. You agree to indemnify and hold us harmless from all costs and expenses, 
including attorney's fees, damages, or claims, related to our honoring your stop payment request or in failing to stop payment of 
an item as a result of incorrect information provided to us or the giving of inadequate time to act upon a stop payment request. 

If that information is not provided exactly as it appears on the item, we will not be responsible if we are unable to stop payment. 
A stop payment order, a renewal of any such order, or a revocation of any such order shall not be effective unless it is delivered 
to  us  in  writing  during  regular  business  hours  or  as  otherwise  permitted  by  us.    Further,  a  stop  payment  order,  renewal  or 
revocation shall not be effective until we have had a reasonable opportunity to act on any such order, renewal or revocation.  In 
addition,  we  will  not  be  liable  for  the  payment  of  an  item  over  a  stop  payment  order  if  the  order  is  received  after  10:00  a.m. 
Central Time on the next banking day after the banking day on which we received the item.  If the order is made orally, we have 
no obligation to honor it.  If we do honor an oral stop payment order, it will only be binding for 10 business days or 14 calendar 
days after which it must be renewed in writing.   

You agree that we may honor a stop payment order, revocation, or renewal if made by the person who signed the check to be 
stopped or any other person who is otherwise authorized to transact business relating to the account.  You agree that we will not 
be  liable  for  any  inadvertent  payment  of  any  item,  notwithstanding  a  stop  payment  order,  if  we  have  used  ordinary  care  and 
followed our usual practices in handling such an order.  If an item is inadvertently paid over a valid stop payment order, due to 
our failure to exercise ordinary care, we will be liable to you for any loss you suffer as a result.  You agree, however, that it will 
be your responsibility to establish any such loss.  You agree that we will never be liable for more than your actual loss and that 
we  will  not  be  liable  for  any  consequential  damages.    If  we  do  re-credit  your  account  after  paying  an  item  over  a  valid  stop 
payment order, you will take whatever action we deem necessary to transfer to us all of your rights against the payee or holder 
of the item and to assist us if we take legal action against the payee or any other person.   

© CUNA Mutual Group, 2006, 08 ALL RIGHTS RESERVED 

YTXAC0 (BXCV10)-e 

   
 
 
 
 
 
 
 
 
 
 
 
 
4.  STATEMENT OF BUSINESS PURPOSE. You agree that you have represented to us that you are obtaining your account 
for  business  purposes  that  all  purchases,  cash  advances,  balance  transfers,  use  of  any  convenience  checks  issued  on  your 
account and any other use of your account will only be for a business purpose. You agree that you will never use your account 
for any personal, household or family purposes. 

5.  USING YOUR CARD.  You may use your card to make purchases from merchants and others who accept your card.  The 
credit union is not responsible for the refusal of any merchant or financial institution to honor your card. If you  wish to pay for 
goods  or  services  over  the  Internet,  you  may  be  required  to  provide  card  number  security  information  before  you  will  be 
permitted  to  complete  the  transaction.    In  addition,  the  credit  union  may  permit  you  to  obtain  cash  advances  from  the  credit 
union, from other financial institutions that accept your card, and from some automated teller machines (ATMs).  (Not all ATMs 
may accept your card.) If the credit union authorizes ATM transactions with your card, it will issue you a personal identification 
number (PIN). To obtain cash advances from an ATM, you must use the PIN that is issued to you for use with your card. You 
agree that you will not use your card for any transaction that is illegal under applicable federal, state or local law. Even if you use 
your  card  for  an  illegal  transaction,  you  will  be  responsible  for  all  amounts  and  charges  incurred  in  connection  with  the 
transaction. If you are permitted to obtain cash advances on your account, you may also use your card to purchase instruments 
and engage in transactions that we consider the equivalent of cash. Such transactions will be posted to your account as a cash 
advance  and  include,  but  are  not  limited  to,  wire  transfers,  money  orders,  bets,  lottery  tickets,  and  casino  gaming  chips.  This 
paragraph shall not be interpreted as permitting or authorizing any transaction that is illegal.   

6.  RESPONSIBILITY.  You agree to pay all charges (purchases and cash advances, balance transfers, use of convenience 
checks and any other charge) to your account that are made by you or anyone whom you authorize to use your account.  You 
also agree to pay all finance charges and other charges added to your account under the terms of this Agreement or another 
agreement you made with the credit union. If there is more than one person bound to this Agreement, each will be individually 
and jointly responsible for paying all amounts owed under this Agreement. If you are an organization, the officer or owner that 
obtained the account for the organization is also personally obligated for all charges made under the account.  This means that 
the credit union can require any one of you to individually repay the entire amount owed under this Agreement.  In addition each 
person bound under this Agreement, as  well as any authorized user, may make purchases individually and, if cash advances 
are permitted for your account, may obtain cash advances individually. 

7. 
INTEREST RATE.  The Interest Rates applicable to purchases, cash advances, and balance transfers are disclosed on the 
Addendum. Any penalty rate that may be imposed for failing to make a payment by the Payment Due Date is also disclosed on 
the  Addendum.    If  the  rate  for  your  account  is  variable,  as  indicated  on  the  Addendum,  the  rate  charged  on  purchases,  cash 
advances, balance transfers and any penalty rate  will vary  periodically as  disclosed in the Addendum. The initial rate on  your 
account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate 
that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of 
time it will be effective is shown on the Addendum. After the Introductory Rate period expires, the Interest Rate will automatically 
increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.  

8.  FINANCE  CHARGE  CALCULATION  METHOD  FOR  PURCHASES.    New  purchases  posted  to  your  Account  during  a 
billing cycle will not incur a finance charge for that billing cycle if you had a zero or credit balance at the beginning of that billing 
cycle or you paid the entire New Balance on the previous cycle's billing statement by the Payment Due Date of that statement; 
otherwise  a  finance  charge  will  accrue  from  the  date  a  purchase  is  posted  to  your  Account.    To  avoid  an  additional  finance 
charge on the balance of purchases, you must pay the entire New Balance on the billing statement by the Payment Due Date of 
that  statement.  The  finance  charge  is  calculated  separately  for  purchases  and  cash  advances.    For  purchases,  the  finance 
charge is computed by applying the monthly periodic rate to the average daily balance of purchases.  To get the average daily 
balance of purchases, we take the beginning outstanding balance of purchases each day, add any new purchases, and subtract 
any payments and/or credits.  This gives us the daily balance of purchases.  Then, we add all the daily balances of purchases 
for  the  billing  cycle  together  and  divide  the  total  by  the  number  of  days  in  the  billing  cycle.    This  gives  us  the  average  daily 
balance of purchases. 

9.  FINANCE  CHARGE  CALCULATION  METHOD  FOR  CASH  ADVANCES.    A  finance  charge  begins  to  accrue  on  cash 
advances from the date you get the cash advance or from the first day of the billing cycle in which the cash advance is posted to 
your account, whichever is later. For cash advances, the finance charge is computed by applying the monthly periodic rate to 
the  average  daily  balance  of  cash  advances.    To  get  the  average  daily  balance  of  cash  advances,  we  take  the  beginning 
outstanding balance of cash advances each day, add in any new cash advances, and subtract any payments and/or credits that 
we apply to the cash advance balance.  This gives us the daily balance of cash advances.  Then, we add all the daily balances 
of cash advances for the billing cycle together and divide the total by the number of days in the billing cycle.  This gives us the 
average daily balance of cash advances. 

10.  OTHER CHARGES.  In addition to the Interest Rate, additional fees may be imposed on your account.  The amount and 
description of these fees are disclosed on the Addendum. 

11.  PAYMENTS.  Each month you must pay at least the minimum payment shown on your statement by the date specified on 
the statement or no later than twenty-one (21) days from the statement closing date, whichever is later.  If your statement says 
the  payment  is  "Now  Due,"  your  payment  is  due  no  later  than  twenty-one  (21)  days  from  the  statement  closing  date.  All 
payments must be made in U.S. dollars and if made by a negotiable instrument such as a check or money order, must be in a 
form  acceptable  to  us  and  drawn  on  a  U.S.  financial  institution.  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 

2

 YTXAC0 (BXCV10)-e 

   
 
 
 
 
 
 
 
 
 
minimum  payment  each  month  your  account  has  a  balance  (other  than  a  credit  balance).    The  minimum  payment  for  your 
account is shown on the Addendum. In addition to the minimum payment, you must also pay, by the date specified above, the 
amount of any prior minimum payment(s) that you have not made, and any amount you are over your credit limit.  The credit 
union  also  has  the  right  to  demand  immediate  payment  of  any  amount  by  which  you  are  over  your  credit  limit.  Subject  to 
applicable law, your payments may be applied to what you owe to the credit union in any manner the credit union chooses.  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. 

12.  FOREIGN TRANSACTIONS.  Purchases and cash advances made in foreign currencies will be debited from your account 
in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing international 
transactions is a rate selected by Visa from a 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.  The  exchange  rate  used  on  the  processing  date  may  differ  from  the  rate  that  would  have 
been used on the purchase date or cardholder statement posting date. 

A  fee  of  1%  of  the  amount  of  the  transaction,  calculated  in  U.S.  dollars,  will  be  imposed  on  all  foreign  transactions,  including 
purchases, cash advances and credits to your account. A foreign transaction is any transaction that you complete or a merchant 
completes on your card outside of the United States, with the exception of U.S. military bases, U.S. territories, U.S. embassies 
or U.S. consulates. 

13.  COLLECTION COSTS.  You agree to pay all costs of collecting the amount you owe under this Agreement, including court 
costs and reasonable attorney's fee, as permitted by applicable state law.  

14.  SECURITY  INTEREST.    If  you  give  the  credit  union  a  specific  pledge  of  shares  by  signing  a  separate  pledge  of  shares, 
your pledged shares  will secure  your account.  You may not  withdraw amounts that have been specifically pledged to secure 
your account until the credit union agrees to release all or part of the pledged amount.  In addition, your account is secured by 
all other shares you have in any individual or joint account with the credit union, except for shares in an Individual Retirement 
account or in any other account that would lose special tax treatment under state or federal law if given as security.  These other 
shares may be withdrawn unless you are in default under this Agreement.  You authorize the credit union to apply the balance in 
your individual or joint share accounts to pay any amounts due on your account if you should default.  Collateral securing other 
loans you have with the credit union may also secure this loan, except that a dwelling will never be considered as security for 
this account, notwithstanding anything to the contrary in any other agreement. 

15.  DEFAULT.  You will be in default if you fail to make any minimum payment or other required payment by the date that it is 
due.  You  will be in default if you; a) break any promise you make under this Agreement; b) exceed your credit limit; c) are a 
natural person, if you die; d) are an organization, you cease to exist; e) are an organization, you change your legal structure so 
that  the  person  obligating  the  organization  to  this  Agreement  is  no  longer  authorized  to  bind  it  to  legal  agreements;  f)  file  for 
bankruptcy or become insolvent; g) make any false or misleading statements in any credit application or credit update; or h) if 
something happens that the credit union believes may substantially reduce your ability to repay what you owe. When you are in 
default, the credit union has the right to demand immediate payment of your full account balance without giving you notice.  If 
immediate payment is demanded, you agree to continue paying finance charges, at the Interest Rate in effect, or if applicable, at 
the penalty rate disclosed on the Addendum until what you owe has been paid, and any shares that were given as security for 
your account may be applied towards what you owe.  

16.  CHANGING  OR  TERMINATING  YOUR  ACCOUNT.    The  credit  union  may  change  the  terms  of  this  Agreement  and  the  
Addendum from time to time.  Notice  of any change  will  be  given  in accordance  with  applicable law.  If permitted by  law, the 
change will apply to your existing account balance as well as to future transactions. 

Either you or the credit union may terminate this Agreement at any time, but termination by you or the credit union will not affect 
your obligation to pay the account balance plus any finance and other charges you owe under this Agreement.  You are also 
responsible for all transactions made to your account after termination, unless the transactions were unauthorized.  

The card or cards you receive remain the property of the credit union and you must recover and surrender to the credit union all 
cards upon request or upon termination of this Agreement whether by you or the credit union.  The credit union has the right to 
require you to pay your full account balance at any time after your account is terminated, whether it is terminated by you or the 
credit union.   

17.  CHANGING OR TERMINATING AUTHORIZED USERS.  Upon your request, we may issue additional cards for authorized 
users that you designate. You must notify us in writing of any termination of an authorized user's right to access your account. 
Your letter must include the name of the authorized user and your account number and/or any subaccount number issued to the 
authorized  user  along  with  the  authorized  user's  card  and  any  convenience  or  other  access  checks  issued  to  the  authorized 
user.  If  you  cannot  return  the  authorized  user's  card  or  access  checks  and  if  you  request  your  account  to  be  closed,  we  will 
close your account and you may apply for a new account. 

18.  LIABILITY  FOR  UNAUTHORIZED  USE-LOST/STOLEN  CARD  NOTIFICATION.  You  may  be  liable  for  the  unauthorized 
use of your card or account. Notify us immediately, in writing or by telephone at the address or phone number on the Addendum 
if  your  card  is  lost,  stolen  or  you  suspect  there  has  been  unauthorized  use  of  your  card  or  account.    After  we  receive  your 
notification, you will not be liable for any further unauthorized use of your card or account. 

3

 YTXAC0 (BXCV10)-e 

   
 
 
 
 
 
 
 
 
 
 
 
 
If you are an organization with 10 or more employees and we have issued 10 or more cards on your account for use by your 
employees, you will be liable for all unauthorized use of your cards or account before notification to us.  Otherwise, you will be 
liable for up to $50 for the unauthorized use of your card or account before notification to us.  Unauthorized use does not include 
use of a card by an authorized user in an unauthorized manner.  

19.  CREDIT REVIEW AND RELEASE OF INFORMATION.  You authorize the credit union to investigate your credit standing 
when opening or reviewing your account.  You authorize the credit union to disclose information regarding your account to credit 
bureaus and creditors who inquire about your credit standing.  If your account is eligible for emergency cash and/or emergency 
card replacement services, and you request such services, you agree that we may provide personal information about you and 
your account that is necessary to provide you with the requested service(s). 

20.  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  which  will  be  posted  to  your  account.    If  your  credits  and  payments 
exceed  what  you  owe the credit  union, the amount  will  be applied against future  purchases and cash advances.  If the credit 
balance amount is $1 or more, it will be refunded upon your written request or automatically after six (6) months. 

21.  ADDITIONAL  BENEFITS/CARD  ENHANCEMENTS.    The  credit  union  may  from  time  to  time  offer  additional  services  to 
your account, such as travel accident insurance or a liability waver program, at no additional cost to you. You understand that 
the credit union is not obligated to offer such services and may withdraw or change them at any time. 

22.  EFFECT OF AGREEMENT.  This Agreement is the contract which applies to all transactions on your account even though 
the sales, cash advances, credit or other slips you sign or receive may contain different terms.  

23.  NO WAIVER.  The credit union can delay enforcing any of its rights any number of times without losing them.  

24.  STATEMENTS AND NOTICES.  Unless separate subaccounts have been set up under your account for authorized users, 
statements and notices will be mailed to you at the most recent address you have given the credit union. You agree to notify us 
at  least  10  days  in  advance  of  any  change  in  address.  Notice  sent  to  any  one  person  bound  under  this  Agreement  will  be 
considered  notice  to  all.  If  we  have  agreed  to  send  statements  for  subaccounts  under  your  account  that  have  been  issued  to 
authorized users, we will send statements to the most recent address you have provided for that authorized user. You agree to 
notify us at least 10 days in advance of any change in address for an authorized user. You are responsible for payment of all 
amounts shown on a statement delivered to an authorized user. 

25.  NOTIFICATION OF CHANGE IN LEGAL STRUCTURE, OFFICERS OR OWNERS.  If you are an organization, you agree 
to notify us within 10 days of any change in your legal structure or any change in your officers or owners.  

26.  SEVERABILITY  AND FINAL EXPRESSION.  This Agreement is the final  expression  of the terms and conditions  of  your 
account. This written  Agreement  may  not  be  contradicted  by  evidence  of  any  alleged  oral  agreement.  Should  any  part  of  this 
Agreement be found to be invalid or unenforceable, all other parts of this Agreement shall remain in effect and fully enforceable 
to the fullest extent possible under this Agreement.  

27.  PENALTY  RATE  DISCLOSURES.      All  rates  for  your  account,  including  the  rates  for  purchases,  cash  advances,  and 
balance transfers, will automatically increase to the Penalty Rate disclosed on the Addendum when you are 60 days delinquent 
in making a payment. 

The  rates  for  purchases,  cash  advances  and  balance  transfers  will  automatically  revert  to  the  rates  then  in  effect  for  those 
balances  when  you  make  at  least  12  consecutive  monthly  payments  by  the  payment  due  date  as  shown  in  your  monthly 
statement, the rate for purchases, cash advances and balance transfers on your account will automatically reduce to the rates 
then in effect for non-delinquent account. 

28.  INTERNET  GAMBLING  TRANSACTIONS  PROHIBITED.    You  may  not  use  your  card  to  initiate  any  type  of  electronic 
gambling transaction through the Internet. 

29.  GOVERNING LAW. This Agreement is governed by the laws of the state of Texas. 

30.  NOTIFICATION INFORMATION FOR REPORTING LOST, STOLEN AND UNAUTHORIZED USE OF CARD. Notify us at 
once if your card has been lost or stolen or if you suspect that your card is being used without your permission at the following:   

By Phone: 
(866) 820-3792 (24 hours/7 days a week) 

Or by mail: 
P.O. Box 31112 
Tampa, FL 33631-3112 

4

 YTXAC0 (BXCV10)-e