CREDIT CARD AGREEME(cid:11)T 
A(cid:11)D DISCLOSURE STATEME(cid:11)T 

THIS  IS  YOUR  CREDIT  CARD  AGREEMENT  AND  IT  INCLUDES  NECESSARY  FEDERAL  TRUTH-IN-LENDING 
DISCLOSURE  STATEMENTS,  VISA  PLATINUM  AGREEMENTS,  AND  ANY  SPECIAL  INSTRUCTIONS  REGARDING 
THE USE OF YOUR VISA PLATINUM CREDIT CARD, AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE 
BE CERTAIN TO READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR. 

DEFINITIONS.    In  this  Agreement, the  reference  to  "We",  "Us",  "Our" and  "Credit  Union"  mean  DFCU  FINANCIAL.  The  words  "You"  and  "Your"  mean  each  person  who 
accepts this  Agreement  or  uses the  VISA Platinum  Credit  Card.  The  words  "Card" and  "Credit  Card" mean  any VISA Platinum  Credit  Card  issued to  You by  Us  and  any 
duplicates or renewals. “Convenience Checks” mean the special Account access devices that We may provide for Your use from time to time. If this is a joint Account, read 
singular pronouns in the plural.  

PROMISE  TO  PAY.  You  understand  that  the  following  terms  and  conditions 
constitute  Our  Agreement  with  You.  Your  account  may  be  accessible  through  a 
variety  of  means  which  could  include  advance  request  forms,  vouchers,  checks, 
charge  slips,  convenience  checks,  Credit  Cards  and  the  like.  Regardless  of  the 
access means, You promise to pay Us all amounts charged to Your account by You 
or  by  any  user  who  has  access  to  Your  account,  with  actual,  apparent  or  implied 
authority  for  use  of  Your  account,  including  Finance  Charges  and  other  fees  or 
charges described herein. 

USE OF YOUR CARD. You may use Your Card to buy goods and services in any 
place  that  it  is  honored  and  to  get  cash  advances  at  participating  financial 
institutions. You agree not to use Your Card for illegal transactions including, but not 
limited to, advances made for the purpose of gambling and/or wagering where such 
practices  are  in  violation  of  applicable  state  and/or  federal  law.  Cash  advance 
amounts may be limited. Contact Us for any limitation that may apply to You. 

SECURITY. You acknowledge that You own any shares and/or collateral pledged as 
security and that there are no other liens against them other than Ours. You agree to 
perform  all  acts  which  are  necessary  to  make  Our  security  interest  in  the  shares 
and/or collateral being pledged enforceable. 

OTHER SECURITY. Collateral (other than household goods or any dwelling) given 
as  security  under  this  Agreement  or  for  any  other  loan  You may  have  with  Us  will 
secure all amounts You owe Us now and in the future if that status is reflected in the 
"Truth-in-Lending Disclosure" in any particular Agreement evidencing such debt.      

LIEN  ON  SHARES.  You  grant  and  consent  to  a  lien  on  Your  shares  with  Us 
(except for IRA and Keogh accounts) and any dividends due or to become due 
to You from Us to the extent You owe on any unpaid Credit Card balance. 

LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for which 
You are approved. Unless You are in default, any Credit Limits established for You 
will generally be self-replenishing as You make payments, except to the extent that 
We  will  delay  such  self-replenishment  by  five  business  days  for  payments  of 
$5,000.00 and greater. 

You will keep Your unpaid balance within Your Credit Limit set by Us, and You will 
pay any amount over Your Credit Limit on Our demand whether or not We authorize 
the  advances  which  caused  You  to  exceed  Your  Credit  Limit.  Even  if  Your  unpaid 
balance is less than Your Credit Limit, You will have no credit available during any 
time that any aspect of Your account is in default. 

JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for the 
repayment of any amounts owed. You understand that any Account access device, 
such  as  a  Personal  Identification  Number  (PIN)  will  be  mailed  only  to  the  primary 
Borrower at the address that We have on file for You. We may refuse to follow any 
instructions which run counter to this provision. 

MINIMUM  MONTHLY  PAYMENTS  (PAYMENT  SCHEDULE).  Though  You  need 
only pay the Minimum Monthly Payments, You understand that You have the right to 
repay at any time without penalty. You also understand that You will only be charged 
periodic Finance Charges to the date You repay Your entire balance. You may make 
larger  payments  without  penalty.  Any  partial  payment  or  prepayment  will  not  delay 
Your  next  scheduled  payment.  All  payments  to  Us must  be  in  lawful  money  of the 
United States. As permitted by law, the order in which We may apply payments is at 
Our discretion. 

Any unpaid portion of the Finance Charge will be paid by subsequent payments and 
will  not  be  added  to  Your  principal  balance.  You  understand  that  any  delay  in  the  
repayment of Your unpaid balance will increase Your periodic Finance Charges and 
any  acceleration  in  the  repayment  of  Your  unpaid  balance  will  decrease  Your 
periodic Finance Charges. 

Minimum  Payments  will  be  an  amount  equal  to  the  greater  of  2.00%  of  Your  new 
unpaid balance at the end of each billing cycle or $25, subject to the lesser of Your 
balance,  plus  any  portion  of  the  Minimum  Payments  shown  on  prior  statement(s) 
which remains unpaid, plus any amount that exceeds Your approved Credit Limit. 

You may, by separate agreement, authorize Us to charge Your payment directly to 
Your share or share draft account. 

LATE CHARGE. If Your payment is 15 or more days late, You will be charged the 
lesser of: (a) the amount of the minimum payment due; or (b) $25.  

OTHER FEES AND CHARGES. You  will be charged the following fees associated 
with  the  use  of  Your  Card:  (a) the  lesser  of  $25  or the  required minimum  payment 
amount for the returned payment, for any check (or other negotiable instrument used 
for payment) which is returned unpaid; (b) during any 12-consecutive-month period, 
You will be charged $10 for the first replacement Card You request and $20 for each 
replacement  Card  You  request  thereafter;  (c)  a  cash  advance  fee  FINANCE 
CHARGE  equal  to  3.00% of each such advance,  subject  to  a minimum  of  $5;  and 
(d) $5 for each statement copy You request. 

FINANCE CHARGES. In the case of any transactions, the balances subject to the 
periodic  Finance  Charge  are  the  average  daily  transactions  balances  outstanding 
during the month (including new transactions). To get the average daily balance, We 
take the beginning balance of Your account each day, add any new purchases, cash 
advances,  insurance  premiums,  debit  adjustments  or  other  charges  and  subtract 
any  payments,  credits  and  unpaid  Finance  Charges.  This  gives  Us  the  daily 
balance. Then, We add up all the daily balances for the billing cycle and divide them 
by the number of days in the billing cycle. The Finance Charge for a billing cycle is 
computed by multiplying the average daily balance subject to a Finance Charge by 
the Monthly Periodic Rate. 

You  can  avoid  Finance  Charges  on  purchases  by  paying  the  full  amount  of  the 
entire  balance  owed  each  month  within  25  days  of  Your  statement  closing  date. 
Otherwise, the new balance of purchases, and subsequent purchases from the date 
they  are  posted  to  Your  account,  will  be  subject  to  a  Finance  Charge.  Cash 
advances  and  balance  transfers  are  always  subject  to  a  Finance  Charge  from  the 
later of the date they are posted to Your account or from the first day of the billing 
cycle in which the transaction is posted to Your account. 

For  the  applicable  Monthly  Periodic  Rate  and  corresponding  annual 
percentage  rate,  refer  to  the  separate  page  titled  “Additional  Disclosure  — 
Federal  Truth-In-Lending  Act”  which We  have  included  with  and  made  a  part 
of this Agreement. 

PERIODIC  STATEMENTS.  On  a  regular  basis,  You  will  receive  a  statement 
showing  all  transactions  on  Your  account  including  amounts  paid  and  borrowed 
since Your last statement. We will mail You a statement each month in which there 
is  a  debit  or  credit  balance  or  when  a  Finance  Charge  is  imposed.  We  need  not 
send You a statement if We feel Your account is uncollectible or if We have started 
collection  proceedings  against  You  because  You  defaulted.  Each  statement  is 
deemed  to  be  a  correct  statement  of  account  unless  You  establish  a  billing  error 
pursuant to the Federal Truth-In-Lending Act.  

OUR  RESPONSIBILITIES  TO  HONOR  CONVENIENCE  CHECKS.  We  are  under 
no  obligation  to  honor  Your  Convenience  Checks  if:  (1)  by  paying  a  Convenience 
Check, You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks 
have  been  reported  lost  or  stolen;  (3)  Your  account  has  been  cancelled  or  has 
expired.  If  a  postdated  Convenience  Check  is  paid  and,  as  a  result,  any  other 
Convenience  Check  is  returned  unpaid,  We  are  not  responsible  for  any  resulting 
loss or liability. 

DEFAULT.  You  will  be  in  default  if:  (a)  You  do  not  make  any  payment  or  perform 
any  obligation  under  this  Agreement,  or  any  other  agreement  that  You  may  have 
with Us; or (b) You should die, become involved in any insolvency, receivership or 
custodial  proceeding  brought  by  or  against  You;  or  (c)  You  have  made  a  false  or 
misleading statement in Your credit application and/or in Your representations to Us 
while You owe money on Your account; or (d) A judgment or tax lien should be filed 
against You or any attachment or garnishment should be issued against any of Your 
property or rights, specifically including anyone  starting an action or proceeding to 
seize  any  of  Your  funds  on  deposit  with  Us;  and/or  (e)  We  should,  in  good  faith, 
believe  Your  ability  to  repay  Your  indebtedness  hereunder  is  or  soon  will  be 
impaired, time being of the very essence. 

Copyright Oak Tree Business Systems, Inc., 2010-2013. All Rights Reserved. 

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Upon  any  occurrence  of  default,  We  may,  to  the  extent  permitted  by  law,  cancel 
Your  rights  under  this  Agreement,  require  the  return  of  all  access  devices  and 
declare  the  entire  balance  of  Your  account  immediately  due  and  payable,  without 
prior notice or demand.  

COLLECTION COSTS. In the event collection efforts are required to obtain payment 
on  this  account,  to  the  extent  permitted  by  law,  You  agree  to  pay  all  court  costs, 
private  process  server  fees,  investigation  fees  or  other  costs  incurred  in  collection 
and  actual  attorneys’  fees  incurred  in  the  course  of  collecting  any  amounts  owed 
under this Agreement or in the recovery of any collateral. 

ENFORCEMENT. We do not lose Our rights under this or any related agreement if 
We  delay  enforcing  them.  We  can  accept  late  payments,  partial  payments  or  any 
other payments, even if they are marked "paid in full" without losing any of Our rights 
under  this  Agreement.  If  any  provision  of  this  or  any  related  agreement  is 
determined  to  be  unenforceable  or  invalid,  all  other  provisions  remain  in  full  force 
and effect. 

NOTIFICATION OF ADDRESS CHANGE. You  will notify Us promptly if You move 
or otherwise have a change of address. 

CHANGE  IN  TERMS.  We  may  change  the  terms  of  this  Agreement  by  mailing  or 
delivering to You written notice of the changes as prescribed by the Federal Truth-
In-Lending Act. To the extent permitted by law, the right to change the terms of this 
Agreement  includes,  but  is  not  limited  to,  the  right  to  change  the  periodic  rate 
applicable to Your unpaid balance and/or future advances. 

INTEGRATED  DOCUMENTS.  Any  separate  sheet  of  paper  labeled  "Additional 
Disclosure  —  Federal  Truth-In-Lending  Act",  which  is  delivered  together  with  this 
Agreement or at a later date becomes an integrated part of this Agreement. 

CONSENT  TO  AGREEMENT.  You  acknowledge  receipt  of  a  copy  of  this 
Agreement.  By  signing  the  application;  or  by  using  Your  account  or  any  account 
access  device;  or  by  authorizing  another  to  use  Your  account,  You  agree  to  and 
accept its terms. 

UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts 
to  update  information  contained  in  Your  original  account  application  or  other 
financial  information  related  to  You,  at  Our  request.  You  also  agree  that We  may, 
from  time  to  time,  as  We  deem  necessary,  make  inquiries  pertaining  to  Your 
employment,  credit  standing  and  financial  responsibility  in  accordance  with 
applicable  laws  and  regulations.  You  further  agree  that  We  may  give  information 
about the status and payment history of Your account to consumer credit reporting 
agencies, a prospective employer or insurer, or a state or federal licensing agency 
having any apparent legitimate business need for such information.  

TERMINATION.  Either  You  or  We  may  cancel  Your  Credit  Card,  at  any  time, 
whether  or  not  You  are  in  default.  You  will,  in  any  case,  remain  liable  to  pay  any 
unpaid balances according to the terms of Your account. 

GOVERNING LAW. This Agreement is controlled and governed by the laws of the 
State  of  Michigan  except  to  the  extent  that  such  laws  are  inconsistent  with 
controlling federal law. 

OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any 
time  without  notice.  You  agree  to  surrender  Your  Card  and  to  discontinue  its  use 
immediately upon Our request. 

ISSUANCE  OF  A  PERSONAL  IDENTIFICATION  NUMBER.  We  will  issue  a 
Personal Identification Number (PIN) for use with participating ATMs. This PIN is 
confidential  and  should  not  be  disclosed  to  anyone.  You  may  use  Your  PIN  to 
access  Your  account  and  all  sums  advanced  will  be  added  to  Your  account 
balance. In the event a use of Your PIN constitutes an Electronic Fund Transfer, 
the  terms  and  conditions  of  Your  Electronic  Fund  Transfer  Agreement  may  also 
affect Your rights.  

EFFECT  OF  AGREEMENT.  Even  though  the  sales,  cash  advance,  credit  or  other 
slips You may sign or receive when using Your Card contain terms, this Agreement 
is the contract which solely applies to all transactions involving the Card. 

UNAUTHORIZED  USE.  You may  be  liable for  the  unauthorized  use  of  Your  Card. 
You will not be liable for the unauthorized use that occurs after You notify Us of the 
loss, theft, or possible unauthorized use by calling (800) 654-7728 or by  writing to: 
P.O.  Box  31112,  Tampa,  Florida  33631-3112.  In  any  case,  Your  liability  will  not 
exceed $50. 

REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for 
the  refusal  or  inability  of  merchants,  financial  institutions  and  others  to  accept  the 
Cards or Convenience Checks, or electronic terminals to honor the Cards or complete 
a Card withdrawal, or for their retention of the Cards or Convenience Checks. 

FOREIGN  TRANSACTIONS.  For  transactions  initiated  in  foreign  countries  and 
foreign  currencies,  the  exchange  rate  between  the  transaction  currency  and  the 
billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of  
rates available in  wholesale currency markets for the applicable central processing 
date, which rate may vary from the rate VISA itself receives; or (b) the government-
mandated rate in effect for the applicable central processing date.  

For all transactions, You will be charged 1.00% calculated on the final settlement amount.  

TRANSACTION  SLIPS.  Your  monthly  statement  will  identify  that  merchant, 
electronic terminal or financial institution at which transactions were made, but sales, 
cash advances, credit or other slips cannot be returned with the statement. 

LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards 
or Convenience Checks, You will immediately call (800) 654-7728 or write to: P.O. 
Box 31112, Tampa, Florida 33631-3112.  

CREDITS.  If  a  merchant  who  honors  Your  Card  gives  You  credit  for  returns  or 
adjustments, they will do so by sending Us a slip which will be posted to Your account. 
If  Your  credits  and  payments  exceed  what  You  owe  Us, We  will  hold  and  apply  this 
credit against future purchases and cash advances, or if it is $1.00 or more refund it on 
Your written request or automatically deposit it to Your share account after six months.   

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  P.O.  Box  31112, 
Tampa, Florida 33631-3112. 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 P.O. Box 6048, Dearborn, Michigan 48121 at least 3 business days before an 
automated  payment  is  scheduled,  if  You  want  to  stop  payment  on  the  amount 
You think is wrong.  

You must notify Us of any potential errors in writing. You may call Us, but if You do 
We are not required to investigate any potential errors and You may have to pay the 
amount in question.  

What Will Happen After We Receive Your Letter 

When We receive Your letter, We must do two things: 

1)  Within 30 days of receiving Your letter, We must tell You that We received Your 

letter. We will also tell You if We have already corrected the error. 

2)   Within  90  days  of  receiving  Your  letter,  We  must  either  correct  the  error  or 

explain to You why We believe the bill is correct. 

 While We investigate whether or not there has been an error: 

•  We cannot try to collect the amount in question, or report You as delinquent on 

that amount. 

•  The charge in question may remain on Your statement, and We may continue to 

charge You interest on that amount. 

•  While You do not have to pay the amount in question, You are responsible for 

the remainder of Your balance. 

•  We can apply any unpaid amount against Your Credit Limit. 

After We finish Our investigation, one of two things will happen: 

• 

• 

If We made a mistake: You will not have to pay the amount in question or any 
interest or other fees related to that amount. 
If We  do  not  believe  there  was  a  mistake:  You  will  have  to  pay  the  amount  in 
question, along with applicable interest and fees. We will send You a statement 
of the amount You owe and the date payment is due. We may then report You 
as delinquent if You do not pay the amount We think You owe.  

If You receive Our explanation but still believe Your bill is wrong, You must write to Us 
within  10  days  telling  Us  that  You  still  refuse  to  pay.  If  You  do so, We  cannot  report  
You as delinquent without also reporting that You are questioning Your bill. We must 

Copyright Oak Tree Business Systems, Inc., 2010-2013. All Rights Reserved. 

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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. 

than $50. (Note: Neither of these are necessary if Your purchase was based on 
an  advertisement We mailed  to  You,  or  if We  own  the  company  that sold  You 
the goods or services.) 

2)  You must have used Your Credit Card for the purchase. Purchases made  with 
cash  advances  from  an  ATM  or  with  a  check  that  accesses  Your  Credit  Card 
account do not qualify. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

3)  You must not yet have fully paid for the purchase. 

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 

If  all  of  the  criteria  above  are  met  and  You  are  still  dissatisfied  with  the  purchase, 
contact Us in writing at P.O. Box 31112, Tampa, Florida 33631-3112.  

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. 

Copyright Oak Tree Business Systems, Inc., 2010-2013. All Rights Reserved. 

Page 3 of 3              

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Rev. (2/13) 

 
 
 
 
 
 
 
 
 
 
 
 
PRICI(cid:11)G I(cid:11)FORMATIO(cid:11) ADDE(cid:11)DUM –  
CREDIT CARD AGREEME(cid:11)T 
A(cid:11)D DISCLOSURE STATEME(cid:11)T 

THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA PLATINUM CREDIT CARD 
AGREEMENT  AND  DISCLOSURE.  PLEASE  BE  SURE  TO  READ  THIS  ADDENDUM  CAREFULLY  AND  NOTIFY  US 
AT ONCE IF ANY PARTS ARE UNCLEAR. 

9.90%  -  16.90%  based  on  Your  creditworthiness  at  the  time  You  open  Your 
Account. 

We will not charge You interest on purchases if You pay Your entire balance owed each 
month within 25 days of Your statement closing date. We will begin charging interest on 
cash advances and balance transfers on the transaction date. 

3.00% of each advance ($5.00 minimum) 
1.00% of each foreign currency transaction in U.S. dollars. 
1.00% of each foreign U.S. Dollar transaction that occurs in a foreign country. 

Up to $25.00 after 14 days 
Up to $25.00 

Interest Rate and Interest Charges 

Annual Percentage Rate (APR) 
For Purchases, Balance 
Transfers and Cash Advances 

Paying Interest 

Fees 

Transaction Fees 

•  Cash  Advance  
•  Foreign Transaction 

Penalty Fees 

• 
Late Payment 
•  Returned Payment 

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases).” See Your 
Account Agreement for details. 

Billing Rights: Information on  your rights to dispute transactions and how to exercise those rights is  provided  in  Your Account 
Agreement.  

FINANCE  CHARGES.  In  the  case  of  any  transactions,  the  balances  subject  to  the  periodic  Finance  Charge  are  the  average  daily  transactions  balances 
outstanding during the month (including new transactions). To get the average daily balance, We take the beginning balance of Your account each day, add any 
new purchases, cash advances, insurance premiums, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This 
gives Us the daily balance. Then, We add up all the daily balances for the billing cycle and divide them by the number of days in the billing cycle. The Finance 
Charge for a billing cycle is computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. 

You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 25 days of Your statement closing date. 
Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to Your account, will be subject to a Finance Charge. Cash 
advances and balance transfers are always subject to a Finance Charge from the later of the date they are posted to Your account or from the first day of the 
billing cycle in which the transaction is posted to Your account. 

The Monthly Periodic Rate that will apply to Your unpaid VISA Platinum balance will be 0.8250% - 1.4083% (corresponding  ANNUAL PERCENTAGE RATE of 
9.90% - 16.90%), based on Your creditworthiness at the time You open Your Account. 

Copyright Oak Tree Business Systems, Inc., 2010-2013. All Rights Reserved. 

              OTBS 016A CC FRB_WEB DFCU (4/13) 
Rev. (2/13)