Albina Community Bank 
Credit Card Agreement 

CREDIT CARD AGREEMENT: This agreement contains the terms which govern the use of your Visa credit 
card (“Card”) and corresponding account (“Account”), and outlines your responsibilities and ours.  You do not 
have  to  sign  the  Agreement,  but  once  you  have  accepted,  signed  or  used  the  Card  or  the  Account,  the 
Agreement will be in force.  Please read it in its entirety and keep it for your records. 

Contact us for  any changes to the cardholder agreement  since  it  was printed.   You  may call us  toll-free or 
write to us at the phone number or address printed on your Statement. 

USE OF ACCOUNT: You authorize us to pay for your Account items representing the following transactions: 

1.  Purchases or leases of goods and services (“purchases”) made using the Card. 
2.  Advances (“advances”) in any of the following forms: 

(cid:1)  Cash  advances  obtained  from  financial  institutions,  automatic  teller  machines  (ATMs)  or  other 

means through the use of the Card. 

(cid:1)  Balance transfer transactions. 

We have no responsibility for failure of any machine, merchant financial institution or any other party to honor 
your Card. 

Additionally, you agree that you will not use your Card in any illegal transaction. 

PROMISE  TO  PAY:    You  promise  to  pay  all  amounts  due  on  your  Account.    If  your  Account  is  a  joint 
account, you and your joint account holder promise to pay and are jointly and individually responsible for all 
amounts due on the Account.  If you let someone else use the Account, you and any joint account holder are 
responsible for all charges made by that person, whether or not you have notified us that the person will be 
using your Account and whether or not the amount of the actual use exceeds your permission. 

CREDIT LINE:  You will be advised of the credit line applicable to your Account.  You promise not to allow 
your  outstanding  balance  to  exceed  your  credit  line.    However,  if  you  exceed  your  credit  line,  we  can  still 
charge you for all purchases and advances without giving up any of our rights and we can require that you 
immediately pay to us any amount in excess of your credit line.  We can increase or decrease your credit line 
at any time without prior notice.  We may from time to time establish limits on the amount of advances that 
may be charged to your Account.  You will be notified of any such limits. 

MINIMUM PAYMENT – APPLICATION OF PAYMENTS: You must pay at least the Minimum Payment each 
month by the date shown on your Statement.  The Minimum Payment will be the larger of: (a) $20.00 or (b) 
3% of the New Balance shown on your statement (rounded upward to the nearest dollar) plus any amounts 
that are late or in excess of your credit line.  If your New Balance is less than $20.00, you must pay us the 
total New Balance.  In addition, you may pay any part or all of the total balance of your account at any time 
without incurring any prepayment charge.  If you pay more than the Minimum Payment, you must still pay at 
least the Minimum Payment each time we send you a Statement. 

With regard to each payment, we will decide the order in which purchases, cash advances, finance charges, 
fees, and costs are paid, subject to any restrictions under applicable law.  We may allow  you, from time to 
time, to skip one or more monthly payments, and we will notify you when this option is available.  If you elect 
to  skip  a  payment,  finance  charges  will  continue  to  accrue,  and  the  requirement  to  make  a  Minimum 
Payment each month will resume following the skip payment period. 

STATEMENTS:  We  will  send  you  a  statement  at  the  end  of  each  Billing  Cycle  when  your  Account  has  a 
debit  or  credit  balance  of  more  than  $1.00  or  if  a  finance  charge  has  been  imposed  or  as  required  by 
applicable law (“Statement”).  We send only one Statement for all cards with your account number.  (If there 
are  two  or  more  of  you,  we  send  the  Statement  to  the  first  applicant  listed  on  the  application).    Each 
Statement covers a Billing Cycle.  “Billing Cycle” means the days between the closing date shown on the last 
Statement we sent you and the closing date on your current Statement. 

Revised 7/2010 

1 of 5 

 
 
 
 
 
 
 
 
 
 
 
 
 
CLOSING  DATE:  The  closing  date  is  the  last  day  of  the  billing  cycle;  all  transactions  received  after  the 
closing date will appear on your next statement. 

ANNUAL FEE: If your account has been assessed an annual fee, you may avoid paying this annual fee by 
sending written notification of termination within 30 days following the mailing date of this bill, to the address 
found at the top of the first page of the Statement under the financial institution’s name.  You may use your 
card(s)  during  this  30  day  period  but  immediately  thereafter  must  send  your  card(s),  which  you  have  cut  in 
half, to the address. 

NEGATIVE  CREDIT  REPORTS:  We  may  report  information  about  your  account  to  credit  bureaus.    Late 
payments, missed payments, or other defaults on your account may be reflected in your credit report. 

FINANCE  CHARGES:  Separate  finance  charges  for  purchases  and  cash  advances  are  determined  by 
multiplying the periodic rate by the separate average daily balance for purchases and cash advances. To get 
the average daily balance, we take the beginning balance of your account each day, add any new purchases 
or cash advances, and subtract any payments, credits, non-accruing fees and unpaid finance charges.  This 
gives us the daily balance.  Then we add up all the daily balances for the billing cycle and divide the total by 
the number of days in the billing cycle. 

PURCHASES:  Average  Daily  Balance  (including  current  transactions).    To  avoid  incurring  an 
additional Finance Charge on the balance of purchases reflected on your monthly statement and on 
any  new  purchases  appearing  on  your  next  monthly  statement,  you  must  pay  the  New  Balance 
shown  on  your  monthly  statement  on  or  before  the  Payment  Due  Date.    The  grace  period  for  the 
New Balance of purchases extends to the Payment Due Date. 

CASH  ADVANCES:  Average Daily  Balance (including  current transactions).  To avoid incurring an 
additional  Finance  Charge  on  the  beginning  balance  of  cash  advances  reflected  on  your  monthly 
statement, you must pay the Beginning Balance shown on your   monthly statement on or before the 
Payment Due Date.  No grace period is provided for current cycle transactions. 

FEES: We may charge  your Account for the following fees.  The  application  and  payment of  a fee 
will not correct the situation which caused the fee to be charged. 

Late  Payment.    We  may  charge  a  $20.00  late  fee  to  your  Account  if  you  do  not  pay  at  least  the 
Minimum Payment on or before the stated due date.  We may charge an additional late fee for each 
Billing Cycle that your account is past due. 

Returned  Payment.    If  you  make  a  payment  on  your  Account  with  a  check  and  that  check  is  not 
honored by the financial institution on which it is drawn, we may charge you a fee of $20.00. 

Cash Advance Fee.  We will add an additional finance charge to your Account each time you obtain 
a cash advance.  This additional finance charge will be 4% of the amount of the cash advance with a 
minimum of $5.00. 

Balance Transfer Fee.  We will add an additional finance charge to your Account each time you do 
a  balance  transfer.    This  additional  finance  charge  will  be  4%  of  the  amount  of  the  transfer  with  a 
minimum of $5.00. 

ENTIRE  BALANCE  DUE:  If  you  fail  to  make  a  required  payment  when  due  or  break  any  other  promise 
under this Agreement, we can declare the entire balance of your Account due and payable at once without 
notice or demand.  We can also do this if you make any false or misleading statements on your application or 
if you die or file bankruptcy. 

COLLECTION  COSTS:    To  the  extent  permitted  by  applicable  law,  you  agree  to  pay  all  costs  and 
disbursements, including reasonable attorney fees, incurred by us in legal proceedings to collect or enforce 
your indebtedness. 

Revised 7/2010 

2 of 5 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CREDIT  INFORMATION:    You  authorize  the  Bank  to  investigate  your  credit  standing  when  opening  or 
reviewing  your  Account.    You  authorize  the  Bank  to  disclose  information  regarding  your  Account  to  credit 
bureaus and creditors who inquire about your credit standing. 

LOST  OR  STOLEN  CARD  OR  CONVENIENCE  CHECKS:    If  a  Card  is  lost  or  stolen,  you  must  tell  us  at 
once.  You must also tell us at once if you think someone  used a Card without your permission.  You  may 
either write us  a  letter or call us at the address and phone number shown on your Statement.  Unless you 
have  been  grossly  negligent  or  have  engaged  in  fraud,  you  will  not  be  liable  for  any  unauthorized 
transactions  using  your  lost  or  stolen  card.    This  additional  limit  on  liability  does  not  apply  to  ATM 
transactions, transactions using your Personal Identification Number (PIN) which are not processed by VISA, 
or to commercial cards. 

WE  MAY  TRANSFER  YOUR  ACCOUNT:    We  may  transfer  your  Account  and  our  rights  under  this 
Agreement to another person or company.  That person or company will take our place in this Agreement.  
You must pay them the amount you owe on your Account (instead of paying us) if they ask you.  You may 
not transfer your Account or your rights under this Agreement to any person or company. 

CANCELLATION:  We can cancel your Account, refuse to allow further transactions, or revoke your Card at 
any time without prior notice.  You can cancel your Account by writing us.  In either case, you agree to return 
all Cards cut in half to us.  Of course, cancellation of your account won’t affect your liability to us for credit we 
have extended to you until paid in full, including all outstanding balances, finance charges and fees. 

FOREIGN TRANSACTIONS:  Charges from foreign merchants and financial institutions may be made in  a 
foreign  currency.    We  will  bill  you  in  U.S.  dollars  based  on  the  exchange  rate  on  the  day  we  settle  the 
transaction,  plus  any  special  currency  exchange  charges  that  may  be  imposed  by  us,  the  VISA  network 
and/or  by  any  third-party  used  to  complete  the  transaction.    The  exchange  rate  applied  to  each  such 
transaction is (1) 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  (2)  the 
government-mandated  rate  in  effect  for  the  applicable  central  processing  date.    Because  of  the  special 
charges and possible differences in exchange rates between the time we settle and the time you initiated the 
transaction,  the  charge  for  a  foreign  transaction  may  be  less  than  or  greater  than  the  cash  advance  or 
purchase at the time it was made. 

Regardless  of  whether  the  transaction  is  made  in  foreign  currency  or  in  U.S.  dollars,  additional  fees  may 
apply to all international transactions using the Card.  International transactions are defined as transactions 
that are initiated outside the United States or its territories.  You will be billed for any international transaction 
fees  that  may  be  imposed  by  us,  the  VISA  network  and/or  by  any  third-party  used  to  complete  the 
transaction. 

CHANGE OF TERMS:  We can change the term of this Agreement at any time provided we send you notice 
at least forty-five (45) days prior to the effective date of the change.  If the change will increase the Finance 
Charges or Fees, notice shall be sent at least forty-five (45) days prior to the effective date and may become 
effective  as of  the first day of  your billing  period  during  which the  effective date  occurs unless  you give  us 
written notice that you do not agree to the change within forty-five (45) days of the date of the mailing.  If you 
give us such written notice, you will be permitted to pay the outstanding unpaid indebtedness in your Account 
as of the effective date under the terms of the Agreement governing your Account at the time our notice was 
given.  If you use your Card after the effective date, you will be considered to have agreed to the new terms 
even if you have sent us such written notice.  At our option we may also make any such change if you elect 
to  use  your  account  after  the  effective  date  of  the  amendment.    Changes  which  we  make  can  apply  to  all 
outstanding unpaid indebtedness and to any future transactions on your Account. 

TELEPHONE CALLS – MONITORING:  You agree that if you are past due or in default, you will accept calls 
from us regarding the collection of your Account.  You understand these calls could be automatically dialed 
and a recorded message may be played.  You agree such calls will not be unsolicited calls for purposes of 
state and federal law. 

Revised 7/2010 

3 of 5 

 
 
 
 
 
 
 
 
 
 
 
Albina Community Bank 
Credit Plan Terms & Conditions  
And 
Your Billing Rights 

ANNUAL 
PERCENTAGE 
RATE FOR 
PURCHASES & 
CASH ADVANCE 

ANNUAL 
MEMBERSHIP 
FEE 

11.99% 

None, or $60 
with Scorecard 

GRACE PERIOD FOR  
PURCHASES 

25 Days (to avoid 
periodic finance 
charges on purchases, 
the total payoff amount 
must be received by the 
payment due date) 

METHOD OF 
COMPUTING 
THE 
BALANCE 

MONTHLY 
PAYMENT 

Average Daily 
Balance 
(including new 
purchases) 

Minimum 3% of 
new balance but 
not less than 
$20.00 

RETURN 
PAYMENT FEE 
Up to $20.00 

LATE PAYMENT 
FEE 
Up to $20.00 

CASH ADVANCE 
FEE 
Up to 4% of the amount of the 
transfer; $5.00 minimum fee 
Because rates and terms are subject to change, you may contact us for the current information by 
calling 1-800-922-5086. 

Up to 4% of the amount of the 
transfer; $5.00 minimum fee 

BALANCE TRANSFER FEE 

YOUR  BILLING  RIGHTS  –  KEEP  THIS  NOTICE  FOR  FUTURE  USE:    This  notice  contains  important 
information about your rights and our responsibilities under the Fair Credit Billing Act and applies to all credit 
card accounts. 

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL:  If you think your bill is wrong, or 
if  you  need  more  information  about  a  transaction  on  your  bill,  write  us  on  a  separate  sheet  at the  address 
listed on your bill.  Write to us a soon as possible.  We must hear from you no later than sixty (60) days after 
we sent you the first bill on which the error or problem appeared.  You can telephone us, but doing so will not 
preserve your rights. 

In your letter, give us the following information: 

•  Your name and account number. 
•  The dollar amount of the suspected error. 
•  Describe  the  error  and  explain  if  you  can,  why  you  believe  there  is  an  error.    If  you  need  more 

information, describe the item you are not sure about. 

If you have authorized us to pay your bill automatically from your savings or checking account, you can stop 
the payment on any  amount  you think  is  wrong.   To  stop the payment, your  letter must  reach us three (3) 
business days before the automatic payment is scheduled to occur. 

YOUR  RIGHTS  AND  OUR  RESPONSIBILITIES  AFTER  WE  RECEIVE  YOUR  WRITTEN  NOTICE:    We 
must  acknowledge  your  letter  within  thirty  (30)  days,  unless  we  have  corrected  the  error  by  then.    Within 
ninety (90) days,  we  must  either correct  the error or explain  why  we believe the bill  was correct.   After we 
receive your letter, we cannot try to collect any amount you question, or report you as delinquent.  We can 
continue  to  bill  you  for  the  amount  you  question,  including  finance  charges,  and  we  can  apply  any  unpaid 
amount against your credit limit.  You do not have to pay any questioned amount while we are investigating, 
but you are still obligated to pay the parts of your bill that are not in question. 

If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any 
questioned amount.  If we did not make a mistake, you may have to pay finance charges, and you will have 

Revised 7/2010 

4 of 5 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
to make up any missed payments on the questioned amount.  In either case, we will send you a statement of 
the amount you owe and the date that it is due. 

If  you  fail  to  pay  the  amount  that  we  think  you  owe,  we  may  report  you  as  delinquent.    However,  if  our 
explanation does not satisfy you and you write to us within ten (10) days telling us that you still refuse to pay, 
we must tell anyone we report you to that you have a question about your bill and, we must tell you the name 
of  anyone  we  reported  you  to.    We  must  tell  anyone  we  report  you  to  that  the  matter  has  been  settled 
between us when it finally is. 

If we do not follow these rules, we cannot collect the first $50.00 of the questioned amount, even if your bill 
was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES:  If you have a problem with the quality of property or 
service that you purchased with a 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 property or services.  There 
are two limitations on this right: 

(a)  You  must  have  made  the  purchase  in  your  home  state  or,  if  not  within  your  home  state,  within 
100 miles of your mailing address; and 

(b) The purchase price must have been more than $50.00. 

These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for 
the property or services. 

Revised 7/2010 

5 of 5