CREDIT LINE ACCOUNT
4455 Arden Drive
AGREEMENT AND DISCLOSURE
P.O. Box 8023
THIS IS YOUR CREDIT LINE ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-
vonscreditunion
El Monte, CA 91734-2323
LENDING DISCLOSURE STATEMENTS, VISA PLATINUM PLUS, VISA PLATINUM PREMIUM, VISA PLATINUM
(800) 488-8328
PREFERRED, VISA PLATINUM NEW START, AND SHARE SECURED VISA PLATINUM AGREEMENTS, AND ANY
SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR VISA PLATINUM PLUS, VISA PLATINUM PREMIUM,
VISA PLATINUM PREFERRED, VISA PLATINUM NEW START, AND SHARE SECURED VISA PLATINUM CREDIT
CARDS, 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.
Interest Rate and Interest Charges
Annual Percentage Rate
VISA Platinum Plus:
8.90%
VISA Platinum New Start:
16.90%
(APR) For Purchases
VISA Platinum Premium:
13.90%
Share Secured VISA Platinum:
10.90%
VISA Platinum Preferred:
11.90%
Annual Percentage Rate
VISA Platinum Plus: 8.90%
VISA Platinum New Start: 16.90%
(APR) For Balance Transfers
VISA Platinum Premium: 13.90%
Share Secured VISA Platinum: 10.90%
VISA Platinum Preferred: 11.90%
Annual Percentage Rate
VISA Platinum Plus: 8.90%
VISA Platinum New Start: 16.90%
(APR) For Cash Advances
VISA Platinum Premium: 13.90%
Share Secured VISA Platinum: 10.90%
VISA Platinum Preferred: 11.90%
Personal Property Secured:
%
% based on the age and type of property
pledged as security.
Penalty APR And When it
17.90% For VISA
Applies
This APR may be applied if:
1) You make a late payment.
How Long Will The Penalty APR Apply? If Your APRs are increased for this reason,
the Penalty APR applied to transactions that occur after the increase may be applied
indefinitely. For transactions that occurred prior to the effective date of the increase, the
increase will apply indefinitely unless 6 consecutive payments are received on or before
the due date during the six-month period following such increase.
Paying Interest
For VISA, We will not charge You interest on purchases if You pay Your entire balance owed
each month within 26 days of Your statement closing date. For all Feature Categories, We will
begin charging interest on cash advances and balance transfers on the transaction date.
Minimum Interest Charge
For VISA, if You are charged interest, the charge will be no less than $0.50.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card, visit the
the Federal Reserve Board
website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
Fees
Transaction Fees
Foreign Transaction
For VISA, 1.00% of each transaction in U.S. dollars
Cash Advance
For VISA, 2.00% of each advance ($5.00 minimum - $50.00 maximum)
Penalty Fees
Returned Payment
For VISA, up to $23.00
Over-the-Credit Limit
For VISA, up to $29.00
Late Payment
For VISA, up to $29.00 after 4 days
Except for VISA, 20.00% of the finance charge due ($10.00 minimum) after 10 days
How We Will Calculate Your Balance: For all Feature Categories (except VISA), We use a method called "daily balance." For
VISA, 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.
Copyright Oak Tree Business Systems, Inc., 2010-2012. All Rights Reserved.
Page of 4
OTBS 016 YCC FRB_Web VONS (11/11)
Additional Provisions of Agreement
In this Agreement, the reference to "We", "Us", "Our" and "Credit Union" mean VONS EMPLOYEES FEDERAL CREDIT UNION AND ITS DIVISIONS. The words "You" and
"Your"
mean each person accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA Platinum Plus, VISA
Platinum Premium, VISA Platinum Preferred, VISA Platinum New Start, or Share Secured 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.
You, as the Borrower, under a Credit Line Account ("Account"), understand that the following Federal Disclosure Statement and the terms and conditions found herein constitute Our
Agreement with You. You may request advances on Your Account through a variety of means which could include (but may not be limited to) telephonic requests, advance request
forms, vouchers, checks, charge slips, Convenience Checks, check cards, ATM cards, Credit Cards, wire transfers, direct transfers and/or wire transfers to specific payees identified
by You, direct transfers to Your share/share draft or other Credit Union account and the like. Regardless of the means by which any advance is made, 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.
FEATURE CATEGORIES. Your Account has Feature Categories which may include Personal Property Secured (a label to reference certain Feature Categories secured by personal
property described below and/or on the separate page titled "Credit Line Account Advance Request and Security Agreement" which We have included with and made a part of this
Agreement) VISA Platinum Plus, VISA Platinum Premium, VISA Platinum Preferred, VISA Platinum New Start, and Share Secured VISA Platinum.
Account
ANNUAL
Daily
Feature Categories
Periodic Rate
PERCENTAGE
RATE
%
%
VISA Platinum Plus
%
%
VISA Platinum Premium
%
%
VISA Platinum Preferred
%
%
VISA Platinum New Start
%
%
Share Secured VISA Platinum
%
%
ADVANCES. Whenever You request a transaction, We may require You to prove Your
CONSENSUAL LIEN ON SHARES. If You have been issued a Credit Card, You
identity. Advances made on Your Account will be processed according to the
grant and consent to a lien on Your shares with Us (except for IRA and Keogh
instructions You give Us (such as by wire transfer, direct transfer to Your Credit Union
accounts) and any dividends due or to become due to You from Us to the extent
account or by other such means) and You authorize Us to do this, or We may draw a
You owe on any unpaid Credit Card balance.
draft or check made payable to You and mail it to You. When the amount advanced
appears on a subsequent statement, that will be conclusive evidence of Your advance
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA
request unless You notify Us that You disagree with any such item appearing on Your
Platinum Feature Category, You agree to give Us a specific pledge of shares. For
periodic statement according to the provision of this Agreement titled "Your Billing
Share Secured VISA Platinum the pledge of shares will equal Your credit limit. In the
Rights: Keep this Document for Future Use". You understand that whether or not any
event that You default on Your Share Secured VISA Platinum Feature Category, We
specific secured advance request is approved may be determined by how much equity
may apply these shares toward the repayment of any amount owed on such Feature
You have or will have in the shares, certificates and/or Collateral offered as security.
Category. You may cancel Your Share Secured VISA Platinum Feature Category at any
time by paying any amounts owed on Your Feature Category. To be certain that Your
SECURITY. As permitted by law, to secure all transactions under this Agreement in
entire balance and all advances are paid, any shares pledged may not be available to
either joint or individual Accounts, We have the right to impress and enforce a statutory
You for 30 days after You have cancelled and any outstanding balance is paid in full.
lien against Your shares on deposit with Us (other than those deposits established under
a governmental approved tax deferral plan such as an IRA or Keogh account), and any
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each
dividends due or to become due to You from Us to the extent that You owe on any
Feature Category for which You are approved. Unless You are in default, any Credit
unpaid balance on Your Account and We may enforce Our right to do so without further
Limits established for You will generally be self-replenishing as You make payments.
notice to You. Additionally, You agree that We may set-off any mutual indebtedness.
You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay
Whether additional Collateral will be required depends on the type of advance You
any amount over Your Credit Limit on Our demand whether or not We authorize the
request. If You request an advance under a Feature Category which describes personal
advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is
property, that property, including the proceeds of the sale of such property, must also be
less than Your Credit Limit, You will have no credit available during any time that any
given as Collateral. For example, a Feature Category called "New Car Advances"
aspect of Your Account is in default.
means the Collateral will be a new car. The fact that We are acquiring a security interest
in certain property and/or Certificate(s) will be disclosed in the "Credit Line Account
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for the
Advance Request and Security Agreement" form related to any initial advance. You will
repayment of any amounts owed. If any Account access device, such as a Personal
be provided a copy of that form at the time You receive the initial advance for any
Identification Number (PIN) is requested and approved, You understand that any such
secured Feature Category.
Account access device(s) 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
Except for Our security interest, any Collateral pledged as security for Your Account is
this provision.
owned free and clear from any liens, adverse claims, security interests or
encumbrances. Without Our express written consent, no other liens, security interests or
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need only
encumbrances will be allowed to attach to the Collateral. You agree to inform Us
pay the Minimum Monthly Payments, You understand that You have the right to repay at
immediately if the Collateral is to be moved from the address We have on file for You or
any time without penalty. You also understand that You will only be charged periodic
at such other address at which You have informed the Credit Union the Collateral is now
Finance Charges to the date You repay Your entire balance. You may make larger
located. The Collateral will not be sold or otherwise transferred and at all times the
payments without penalty. Any partial payment or prepayment will not delay Your next
Collateral will be kept in good repair. The Collateral shall not be used for any unlawful
scheduled payment. All payments to Us must be in lawful money of the United States.
purpose. We shall receive Your full cooperation in obtaining everything that We require
We may apply each payment to whichever Feature Category We wish. For all Feature
to place and/or maintain Our security interest and/or lien in the Collateral. We may
Categories (except VISA), payments will be applied first to any Late Charges owing,
examine and inspect the Collateral at any time, wherever located. All taxes or
then to the Finance Charge due, then to the outstanding principal balance. Except as
assessments on the Collateral shall be paid as they come due; if not paid, We may pay
required by law, We may apply VISA payments in an order of Our choosing.
them and will be entitled to reimbursement or alternatively, charge that amount to Your
Account, under the related Feature Category.
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
You acknowledge that You own any certificates, shares and/or Collateral pledged as
unpaid balance will increase Your periodic Finance Charges and any acceleration in the
security and that there are no other liens against them other than Ours. You agree to
repayment of Your unpaid balance will decrease Your periodic Finance Charges.
perform all acts which are necessary to make Our security interest in the certificates,
shares and/or Collateral being pledged enforceable.
For all Feature Categories (except VISA), Minimum Monthly Payments will be disclosed
to You at the time of each advance on a separate page titled "Credit Line Account
OTHER SECURITY. Collateral (other than household goods or any dwelling) given as
Advance Request and Security Agreement".
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-
VISA Platinum Plus, VISA Platinum Premium, VISA Platinum Preferred, VISA Platinum
Lending Disclosure" in any particular Agreement evidencing such debt.
New Start, and Share Secured VISA Platinum Minimum Payments will be an amount
Copyright Oak Tree Business Systems, Inc., 2010-2012. All Rights Reserved.
Page 2 of 4
OTBS 016 YCC VONS (11/11)
Additional Provisions of Agreement
equal to 2.00% of Your new unpaid VISA Platinum Plus, VISA Platinum Premium, VISA
does not occur. Overdraft Protection automatically ceases if this Agreement is ever
Platinum Preferred, VISA Platinum New Start, or Share Secured VISA Platinum
cancelled or terminated or Your Account is in default.
balance at the end of each billing cycle, subject to the lesser of $15.00 or Your balance,
plus any portion of the Minimum Payments shown on prior statement(s) which remains
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing all
unpaid, plus any amount that exceeds Your approved Credit Limit.
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
You may, by separate agreement, authorize Us to charge Your payment directly to Your
balance or when a Finance Charge is imposed. We need not send You a statement if
share or share draft account.
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
LATE CHARGE (EXCEPT VISA). If Your payment is more than 10 days late, You will
CORRECT STATEMENT OF ACCOUNT UNLESS YOU ESTABLISH A BILLING
be charged the greater of 20.00% of the Finance Charge due or $10.00.
ERROR PURSUANT TO THE FEDERAL TRUTH-IN-LENDING ACT.
FINANCE CHARGES (EXCEPT VISA). A Finance Charge will be assessed on any
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
unpaid principal balance for each Feature Category of Your Account for the period such
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
balance is outstanding. Balances change each time advances are made, payments are
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have been
made or credits given under any Feature Category. The Finance Charge begins to
reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
accrue on the date of each advance and there is no grace period.
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.
HOW TO DETERMINE THE FINANCE CHARGE (EXCEPT VISA). For all Feature
Categories (except VISA), the Finance Charge is determined by multiplying Your unpaid
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
balance at the close of each day in the billing cycle being accounted for by the
obligation under this Agreement, or any other agreement that You may have with Us; or (b)
applicable Daily Periodic Rate. The unpaid balance is the balance each day after
You should die, become involved in any insolvency, receivership or custodial proceeding
payments, credits, and unpaid Finance Charges to that balance have been subtracted
brought by or against You; or (c) You have made a false or misleading statement in Your
and any new advances, insurance premiums or other charges have been added to Your
credit application and/or in Your representations to Us while You owe money on Your
unpaid balance. These daily Finance Charges are then added together and the sum is
Account; or (d) A judgment or tax lien should be filed against You or any attachment or
the amount of the Finance Charge owed for the Feature Category being accounted for.
garnishment should be issued against any of Your property or rights, specifically including
The total Finance Charge You owe on Your Account for each billing cycle is the sum of
anyone starting an action or proceeding to seize any of Your funds on deposit with Us;
all the Finance Charges due for all applicable Feature Categories.
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.
VISA FINANCE CHARGES. In the case of any transactions under Your VISA
Platinum Plus, VISA Platinum Premium, VISA Platinum Preferred, VISA Platinum
Upon any occurrence of default, We may, to the extent permitted by law, cancel Your
New Start, or Share Secured VISA Platinum Feature Categories, the balances
rights under this Agreement, require the return of all access devices and declare the
subject to the periodic Finance Charge are the average daily transactions balances
entire balance of every Feature Category of Your Account immediately due and payable,
outstanding during the month (new and previous). To get the average daily balance,
without prior notice or demand. If Your entire Account balance is not then paid
We take the beginning balance of Your Account each day, add any new purchases,
immediately upon default, and if permitted by law, the Collateral shall be voluntarily
cash advances, insurance premiums, debit adjustments or other charges and
surrendered to the Credit Union at a time and place acceptable to it. If this is not done,
subtract any payments, credits and unpaid Finance Charges. This gives Us the daily
to the extent permitted by law, the Credit Union may enter the premises where the
balance. Then, We add up all the daily balances for the billing cycle and divide them
Collateral is located and take possession of it and the Credit Union may assert the
by the number of days in the billing cycle. The Finance Charge for a billing cycle is
defense of a superior right of possession as the holder of a security interest to any
computed by multiplying the average daily balance subject to a Finance Charge by
offense of alleged wrongful taking and conversion. The Credit Union may sell or dispose
the Daily Periodic Rate times the number of days in the billing cycle.
of the Collateral in any manner permitted by law, and any resulting deficiency on Your
Account shall be immediately paid to the Credit Union. You further agree that We may, if
You can avoid Finance Charges on purchases by paying the full amount of the entire
necessary and at Our option, improve the Collateral from the state that it is in at the time
balance owed each month within 26 days of Your statement closing date. Otherwise, the
of repossession to a state that is considered reasonable and customary for normal use
new balance of purchases, and subsequent purchases from the date they are posted to
of the Collateral and You agree to reimburse Us for any and all costs incurred in the
Your Account, will be subject to a Finance Charge. Cash advances and balance
course of such improvements.
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 such transaction
COLLECTION COSTS. In the event collection efforts are required to obtain payment on
is posted to Your Account.
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
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle
reasonable attorneys' fees incurred in the course of collecting any amounts owed under
that a Finance Charge is due is $0.50.
this Agreement or in the recovery of any Collateral.
VISA PENALTY RATE. If Your VISA Platinum Plus, VISA Platinum Premium, VISA
ENFORCEMENT. We do not lose Our rights under this or any related agreement if We
Platinum Preferred, VISA Platinum New Start or Share Secured VISA Platinum Feature
delay enforcing them. We can accept late payments, partial payments or any other
Categories are more than 60 days past due, subject to applicable law, the Daily Periodic
payments, even if they are marked "paid in full" without losing any of Our rights under
Rate applicable to Your entire balance of transactions existing at that time and in the
this Agreement. If any provision of this or any related agreement is determined to be
future will increase to 0.049041% (corresponding ANNUAL PERCENTAGE RATE
unenforceable or invalid, all other provisions remain in full force and effect.
17.90%). During the six month period following such an increase, if We receive the first
six consecutive required minimum periodic payments when due, the rate applicable to
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move or
the balance of transactions that occurred prior to the increase will be returned to the
otherwise change Your address or telephone number.
standard rate that would have otherwise been in effect.
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
VISA LATE CHARGE. If Your payment is 5 or more days late, You will be charged the
delivering to You written notice of the changes as prescribed by the Federal Truth-In-
lesser of: (a) the amount of the minimum payment due; or (b) $29.00.
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
VISA OVER-THE-CREDIT LIMIT FEE. If You have affirmatively consented to allow Us
to Your unpaid balance and/or future advances.
to pay a transaction that would exceed Your Credit Limit and We have acknowledged
Your consent as required by applicable law, subject to any limitations imposed by
PROPERTY INSURANCE. You agree to insure the property described in the Security
applicable law, You will be charged a fee for each billing cycle during which You exceed
Interest section of any Credit Line Account Advance Request and Security Agreement
Your Credit Limit. The fee will be an amount equal to the lesser of: (a) $25.00 (this
against fire and other hazards, with a policy as specified by Us, in the amount necessary
amount will be $29.00 if you have exceeded Your Credit Limit as described above within
to protect Our security interest in the Collateral with Us named as loss payee for Our
6 months of previously exceeding Your Credit Limit); or (b) the amount by which You
protection and with a maximum deductible of $1,000. Such insurance shall protect
have exceeded Your Credit Limit.
against loss by fire, theft, and collision, and will provide "all risks" hull insurance in the
case of aircraft or boats and accessories thereto, if any. You may purchase the
VISA OTHER FEES AND CHARGES. You will be charged the following fees associated
insurance from any insurer You want, but We have the right not to accept the insurer for
with the use of Your Card: (a) the lesser of $23.00 for any check (or other negotiable
reasonable cause. If You do not get or keep such insurance, We may (but are under no
instrument used for payment) which is returned unpaid, or the required minimum payment
obligation to do so) obtain it and: (a) add the costs to the principal balance of Your
amount for the returned payment; (b) for VISA Platinum Plus, a cash advance fee
Account; (b) increase Your periodic payment; and/or (c) demand that You pay the cost
FINANCE CHARGE equal to the greater of 2.00% of each advance or $5.00, subject to a
in a single lump sum. In any case, You agree to pay for the cost of any such insurance
maximum of $50.00; and (c) $6.00 for each replacement Card You request.
and if You fail to do so, We may declare Your Account in default. You agree to deliver
satisfactory evidence of the insurance policy to Us within any time period specified in
OVERDRAFT PROTECTION. We may transfer funds in multiples of $100.00 (or in
any notice from Us or on Our behalf. You understand that any property insurance
such increments as We may from time to time determine) to Your share draft account
obtained by Us on the Collateral will only protect Our interest in this Agreement and the
by an advance on Your VISA Platinum Plus, VISA Platinum Premium, VISA Platinum
Collateral and that the cost of such insurance may be remarkably greater than that
Preferred, VISA Platinum New Start, or Share Secured VISA Platinum Feature
which You obtain on Your own, all of which means that property insurance obtained by
Category, subject to this provision, to clear any Overdraft on Your share draft account.
Us on Your behalf may cost You more and provide less coverage on the Collateral. We
Whether or not such transfers occur will be controlled by this Agreement. In any event,
have the authority to obtain, adjust, settle or cancel insurance and may endorse any
You hold Us harmless for any and all liability which might otherwise arise if the transfer
party's name on any draft.
Copyright Oak Tree Business Systems, Inc., 2010-2012. All Rights Reserved.
Page 3 of 4
OTBS 016 YCCFRB_We VONS (11/11)
Additional Provisions of Agreement
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
more refund it on Your written request automatically deposit it to Your share account
Disclosure - Federal Truth-In-Lending Act", and/or "Credit Line Account Advance
after 6 months.
Request and Security Agreement" which is delivered together with this Agreement or at
a later date becomes an integrated part of this Agreement and Disclosure.
Your Billing Rights: Keep this Document for Future Use
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement.
This notice tells You about Your rights and Our responsibilities under the Fair Credit
By signing the application; or by using Your Account or any Account access device; or
Billing Act.
by authorizing another to use Your Account, You agree to and accept its terms.
What To Do If You Find A Mistake On Your Statement
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts to
update information contained in Your original Account application or other financial
If You think there is an error on Your statement, write to Us at Our address shown in
information related to You, at Our request. You also agree that We may, from time to
this Agreement. In Your letter, give us the following information:
time, as We deem necessary, make inquiries pertaining to Your employment, credit
standing and financial responsibility in accordance with applicable laws and regulations.
Account information: Your name and Account number.
You further agree that We may give information about the status and payment history of
Dollar amount: The dollar amount of the suspected error.
Your Account to consumer credit reporting agencies, a prospective employer or insurer,
Description of problem: If You think there is an error on Your bill, describe what
or a state or federal licensing agency having any apparent legitimate business need for
You believe is wrong and why You believe it is a mistake.
such information.
You must contact Us:
TERMINATION. Either You or We may cancel Your Account or any particular
Feature Category of Your Account, at any time, whether or not You are in default.
Within 60 days after the error appeared on Your statement.
You will, in any case, remain liable to pay any unpaid balances according to the
At least 3 business days before an automated payment is scheduled, if You want
terms of Your Account.
to stop payment on the amount You think is wrong.
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
You must notify Us of any potential errors in writing. You may call Us, but if You do We
State of California except to the extent that such laws are inconsistent with
are not required to investigate any potential errors and You may have to pay the amount
controlling federal law.
in question.
SPECIFIC TERMS APPLICABLE TO YOUR VISA PLATINUM
What Will Happen After We Receive Your Letter
PLUS, VISA PLATINUM PREMIUM, VISA PLATINUM NEW START,
OR SHARE SECURED VISA PLATINUM CREDIT CARDS
When We receive Your letter, We must do two things:
USE OF YOUR CARD. You may use Your Card to buy goods and services in any place
1)
Within 30 days of receiving Your letter, We must tell You that We
that it is honored and to get cash advances at participating financial institutions. You
received Your letter. We will also tell You if We have already corrected
agree not to use Your Card for illegal transactions including, but not limited to,
the error.
advances made for the purpose of gambling and/or wagering where such practices are
2)
Within 90 days of receiving Your letter, We must either correct the error or explain
in violation of applicable state and/or federal law.
to You why We believe the bill is correct.
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
While We investigate whether or not there has been an error:
time without notice. You agree to surrender Your Card and to discontinue its use
immediately upon Our request.
We cannot try to collect the amount in question, or report You as delinquent on
that amount.
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. We will issue a
The charge in question may remain on Your statement, and We may continue to
Personal Identification Number (PIN) for use with participating Automated Teller
charge You interest on that amount.
Machines (ATMs). This PIN is confidential and should not be disclosed to anyone.
While You do not have to pay the amount in question, You are responsible for the
You may use Your PIN to access Your Account and all sums advanced will be
remainder of Your balance.
added to Your Account balance. In the event a use of Your PIN constitutes an
We can apply any unpaid amount against Your Credit Limit.
electronic fund transfer, the terms and conditions of Your electronic fund transfer
agreement may also affect Your rights.
After We finish Our investigation, one of two things will happen:
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other slips
If We made a mistake: You will not have to pay the amount in question or any
You may sign or receive when using Your Card contain terms, this Agreement is the
interest or other fees related to that amount.
contract which solely applies to all transactions involving the Card.
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
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card.
the amount You owe and the date payment is due. We may then report You as
You will not be liable for the unauthorized use that occurs after You notify Us of the
delinquent if You do not pay the amount We think You owe.
loss, theft, or possible unauthorized use by calling Us during regular business hours
at (800) 488-8328, or after hours, on weekends or holidays at (800) 325-3678, or by
If You receive Our explanation but still believe Your bill is wrong, You must write to Us
writing to Us at the address shown in this Agreement. In any case, Your liability will
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report You
not exceed $50.00.
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
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
those organizations know when the matter has been settled between Us. If We do not
the refusal or inability of merchants, financial institutions and others to accept the Cards
follow all of the rules above, You do not have to pay the first $50 of the amount You
or Convenience Checks, or electronic terminals to honor the Cards or complete a Card
question even if Your bill is correct.
withdrawal, or for their retention of the Cards or Convenience Checks.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and
foreign currencies, the exchange rate between the transaction currency and the
If You are dissatisfied with the goods or services that You have purchased with Your
billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range
Credit Card, and You have tried in good faith to correct the problem with the merchant,
of rates available in wholesale currency markets for the applicable central
You may have the right not to pay the remaining amount due on the purchase. To use
processing date, which rate may vary from the rate VISA itself receives; or (b) the
this right, all of the following must be true:
government-mandated rate in effect for the applicable central processing date. In
each instance, You will be charged a fee in an amount equal to 1.00% of the
1)
The purchase must have been made in Your home state or within 100 miles of
settlement amount.
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
TRANSACTION SLIPS. Your monthly statement will identify the merchant, electronic
advertisement We mailed to You, or if We own the company that sold You the
terminal or financial institution at which transactions were made, but sales, cash
goods or services.)
advances, credit or other slips cannot be returned with the statement.
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
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards or
account do not qualify.
Convenience Checks, You will immediately call Us during regular business hours at
3)
You must not yet have fully paid for the purchase.
(800) 488-8328, or after hours, on weekends or holidays at (800) 325-3678, or by
writing to Us at the address shown in this Agreement.
If all of the criteria above are met and You are still dissatisfied with the purchase,
contact Us in writing at Our address shown in this Agreement.
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
While We investigate, the same rules apply to the disputed amount as discussed
Account. If Your credits and payments exceed what You owe Us, We will hold and
above. After We finish Our investigation, We will tell You Our decision. At that point, if
apply this credit against future purchases and cash advances, or if it is $1.00 or
We think You owe an amount and You do not pay, We may report You as delinquent.
Copyright Oak Tree Business Systems, Inc. 2010-2012. All Rights Reserved.
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PRICING INFORMATION ADDENDUM -
4455 Arden Drive
CREDIT LINE ACCOUNT AGREEMENT
P.O. Box 8023
El Monte, CA 91734-2323
vonscreditunion
AND DISCLOSURE STATEMENT
(800) 488-8328
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA PLATINUM
PLUS, VISA PLATINUM PREFERRED, VISA PLATINUM NEW START, VISA PLATINUM PREMIUM AND
SHARE SECURED VISA PLATINUM CREDIT CARDS. PLEASE BE SURE TO READ THIS ADDENDUM
CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA Platinum Plus:
8.90%
VISA Platinum New Start:
16.90%
For Purchases, Balance
VISA Platinum Premium:
13.90%
Share Secured VISA Platinum:
10.90%
Transfers and Cash Advances
VISA Platinum Premium:
11.90%
Penalty APR And When it Applies
17.90%
This APR may be applied if:
1) You make a late payment.
How Long Will The Penalty APR Apply? If Your APRs are increased for this
reason, the Penalty APR applied to transactions that occur after the increase may
be
applied indefinitely. For transactions that occurred prior to the effective date of the
increase, the increase will apply indefinitely unless 6 consecutive payments are
received on or before the due date during the six-month period following such
increase.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 26 days from Your statement closing date. We will begin charging interest
on cash advances and balance transfers on the transaction date.
Minimum Interest Charge
If You are charged interest, the charge will be no less than $0.50.
Fees
Transaction Fees
Foreign Transaction
1.00% of each foreign currency transaction in U.S. dollars.
Cash Advance
2.00% of each advance ($5.00 minimum - $50.00 maximum)
Penalty Fees
Returned Payment
Up to $23.00
Over-the-Credit Limit
Up to $29.00
Late Payment
Up to $29.00 after 4 days
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 under Your VISA Platinum Plus, VISA Platinum Premium, VISA Platinum Preferred, VISA Platinum New Start, or Share
Secured VISA Platinum Feature Categories, the balances subject to the periodic Finance Charge are the average daily transactions balances outstanding during the month (new
and previous). 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 Daily Periodic Rate times the number of days in the billing cycle.
You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 26 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 such transaction is posted to Your Account.
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle that a Finance Charge is due is $0.50.
VISA PENALTY RATE. If Your VISA Platinum Plus, VISA Platinum Premium, VISA Platinum Preferred, VISA Platinum New Start or Share Secured VISA Platinum Feature Categories
are more than 60 days past due, subject to applicable law, the Daily Periodic Rate applicable to Your entire balance of transactions existing at that time and in the future will increase to
0.049041% (corresponding ANNUAL PERCENTAGE RATE 17.90%). During the six month period following such an increase, if We receive the first six consecutive required minimum
periodic payments when due, the rate applicable to the balance of transactions that occurred prior to the increase will be returned to the standard rate that would have otherwise been in
effect.
Copyright Oak Tree Business Systems, Inc. 2010-2012. All Rights Reserved.
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OTBS 016A YCC FRB_Web VONS (11/11)
Additional Provisions of Agreement
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum Plus balance will be 0.024384% (corresponding ANNUAL PERCENTAGE RATE 8.90%).
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum Premium balance will be 0.038082% (corresponding ANNUAL PERCENTAGE RATE
13.90%).
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum Preferred balance will be 0.032603% (corresponding ANNUAL PERCENTAGE RATE
11.90%).
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum New Start balance will be 0.046301% (corresponding ANNUAL PERCENTAGE RATE
16.90%).
The Daily Periodic Rate that will apply to Your unpaid Share Secured VISA Platinum balance will be 0.029863% (corresponding ANNUAL PERCENTAGE
RATE 10.90%).
Copyright Oak Tree Business Systems, Inc., 2010-2012. All Rights Reserved.
Page 2 of 2
OTBS 016 YCC FRB_Web VONS (11/11)