CREDIT CARD AGREEMENT AND DISCLOSURE STATEMENT 
FOR YOUR GECU EMPOWERMENT CREDIT CARD 

Disclosure to GECU Empowerment Credit Card Agreement and Disclosure Statements 

Disclosure of variable rates and fees are accurate and based on the Prime Rate of 3.25% in effect 
as of April 1, 2020 and may have changed. To receive the most recent information, contact GECU 
at 1-800-772-4328. 

Interest Rates and Interest Charges 
Annual Percentage Rate 
(APR) for Purchases, 
Balance Transfers, and 
Convenience Checks 

1.90% introductory APR is effective upon the opening of your account if 
you are approved for a GECU Empowerment credit card and your credit 
score is 610 and above. APR is fixed for the first 6 statement billing cycles 
following the opening of the account for all purchases, balance transfers, and 
convenience checks. After that the variable Standard Rate purchases, 
balance transfers, and convenience checks will apply. The Introductory Rate 
may end sooner if your payment is late. See explanation below. 

After that, your APR will 7.90%, 9.25%, 10.65%, 14.90%, 
or 17.65% as of 4-1-20, depending on your creditworthiness1 

This APR will vary on the market based on the Prime Rate.2 
1.90% introductory APR is effective upon the opening of your account if 
you are approved for a GECU Empowerment credit card and your credit 
score is 610 and above. APR is fixed for the first 6 statement billing cycles 
following the opening of the account for all cash advances. After that the 
variable Standard Rate for purchases, balance transfers, and convenience 
checks will apply to the remaining balance. The variable APR for Cash 
Advances will apply to cash advances conducted after the expiration of the 
Introductory Rate. The Introductory Rate may end sooner if your payment is 
late. See explanation below. 

2% above your APR for Purchases, not to exceed 17.90%. 
The APR will vary on the market based on the Prime Rate.2 
None 

Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month. We will begin charging interest on cash advances, 
balance transfers, and convenience checks on the transaction date. 
Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month. 

APR for Cash Advances 

Penalty APR and When it 
Applies 
Paying Interest 

How to Avoid Paying 
Interest on Purchases 

Minimum Interest Charge  None 
For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection 
Bureau at http://www.consumerfinance.gov/learnmore 

Fees and Charges 
Annual Fee 
Transaction Fees 
•  Balance Transfer 
•  Foreign Transaction 

None 

None 
1% of transaction 

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Penalty Fees 
•  Late Payment 
•  Over-the-Limit 
•  Returned Payment 

If payment is 10 days or more past due, you will be charged up to $25. 
None 
Up to $25 

How  We  Will  Calculate  your  Balance:  We  will  use  a  method  called  “average  daily  balance  (including 
purchases)”. See your account agreement for more details. 

Military Lending Act Disclosures: Federal law provides important protections to members of the Armed 
Forces  and  their  dependents  relating  to  extensions  of  consumer  credit.  In  general,  the  cost  of  consumer 
credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage 
rate  (APR)  of  36%.  This  rate  must  include,  as  applicable  to  the  credit  transaction  or  account:  The  costs 
associated  with  credit  insurance  premiums;  fees  for  ancillary  products  sold  in  connection  with  the  credit 
transaction; any application fee charged (other than certain application fees for specified credit transactions 
or  accounts);  and  any  participation  fee  charged  (other  than  certain  participation  fees  for  a  credit  card 
account). Please call us at (844) 351-4328 to receive disclosures orally. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided 
in your account agreement. 

Loss of Introductory APR: If the account is closed for any reason (including closure based on default of 
another GECU account), any introductory APR (the “Introductory APR”)  then in effect is forfeited and the 
APR that will be applied to the outstanding balance will be the Standard Rate. 

1 The Periodic Rate (DPR) for the APRs listed in the table above are as follows: 

Standard Rate DPR 
7.90% APR (.02164% DPR) 
9.25% APR (.02534% DPR) 
10.65% APR (.02918% DPR) 
14.90% APR (.04082% DPR) 
17.65% APR (.04836% DPR) 
17.65% APR (.04836% DPR) 

Cash Advance Rate DPR 
9.90% APR (.02712% DPR) 
11.25% APR (.03082% DPR) 
12.65% APR (.03466% DPR) 
16.90% APR (.04630% DPR) 
17.90% APR (.04904% DPR) 
17.90% APR (.04904% DPR) 

2  The  Standard  Rate  Annual  Percentage  Rate  (APR)  may  vary  quarterly.  The  APR  is  a  variable  rate 
determined quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on 
our review of your application and credit history) to the Prime Rate (Index) which is published in the  “Money 
Rates” column of The Wall Street Journal on the last business day of each calendar quarter. The Index will 
be applied the first day of your billing cycle that ends in the calendar month following each quarter end. Your 
account shall generally be reviewed every 12 to 24 months to determine the appropriate margin and credit 
score range, and as otherwise required by law. Changes to  your APR  will  be applied  upon notification in 
accordance with applicable laws and regulations. 

Notice: Read and retain this copy of your Agreement and Truth-in-Lending Disclosure for 
future reference. 

TERMS  USED 
IN  THIS  AGREEMENT:  This  Agreement  and  Disclosure  Statement 
(“Agreement”)  cover  your  GECU  Empowerment  credit  card  (“Account”)  with  us.  In  this 
Agreement, the word “you” and “your” means any person who signs the GECU Empowerment 
credit card Application (“Application”) or any person who uses the Card(s). “We,” “our,” and “us” 
means GECU,  primary  address  located  at  1225  Airway  Drive,  El  Paso, TX  79925. The  “Card” 
means  any  credit  card  issued  to  you  or  those  designated  by  you  under  the  terms  of  this 
Agreement. “Use of the Card” means any procedure used by you, or someone authorized by you, 
to make a purchase or an advance whether or not the purchase or advance is evidenced by a 
signed written document. “Unauthorized use” means the use of your Card by a person, other than 
you, who does not have actual, implied or apparent authority for such use, and from 

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which you receive no benefit. In this Agreement, any plural terms shall be deemed singular and 
any singular terms shall be deemed plural when context and construction so require. 

EXTENSION OF CREDIT: If your application is approved, we may, at our discretion, establish an 
Account in your name and cause one or more Cards to be issued to you or those designated by 
you. In such event, you authorize us to pay for your Account, all items reflecting credit purchases, 
balance transfers, convenience checks, and cash advances obtained through use of the Card. 
Being a member of GECU is necessary to obtain and maintain use of the Card. 

NOTE: You must qualify for a minimum credit line of $2,000 to receive GECU Empowerment credit 
card  benefits.  For  a  complete  description  of  benefits,  please  refer  to  the  summary  of  benefits 
provided with your new card. 

JOINT APPLICANT LIABILITY: If this Agreement is executed by more than one person, each of 
you  shall  be  jointly  and  individually  liable  to  us for  all  charges  made  to the  Account,  including 
applicable  fees.  In  addition,  you  agree  that  each  of  you  designates  the  other  as  agent  for  the 
purpose of making purchases extended under this Agreement and each use of your Account shall 
be  an  extension  of  credit  to  all.  Notice  to  one  of  you  shall  constitute  notice  to  all.  Any  joint 
cardholder  may  remove  him/herself  from  responsibility  for  future  purchases  at  any  time  by 
notifying us in writing. However, removal from the Account does not release you from any liability 
already incurred. 

CONVENIENCE  CHECKS:  We  may,  at  our  discretion,  issue  checks  to  you.  By  signing  such 
checks, you authorize us to pay the item for the amount indicated and post such amount as a 
cash  advance  to  your  Account.  We  do  not  have  to  pay  any  item  which  would  cause  the 
outstanding balance in your Account to exceed your credit limit. We may reject and return unpaid 
any Convenience Check you write for any reason. Checks used to access your account may not 
be  accepted  if made  to cash,  you,  or  if  presented in  a format  other than the  checks  we  issue. 
Convenience checks may not be used to pay off existing debt at GECU. 

OTHERS USING YOUR ACCOUNT: If you allow anyone else to use your Card, you will be liable 
for all credit extended to such persons. You promise to pay for all purchases, balance transfers, 
convenience checks, and cash advances made by anyone whom you authorize to use your Card, 
whether or not you notify us that he or she will be using it. If someone else is authorized to use 
your card and you want to end that person’s privilege, you must notify us in writing and, if he or 
she has a Card, you must return the Card with your written notice for it to be effective. 

CREDIT LIMITS: You promise that payments we make for your Account(s) resulting from use of 
the Card will, at no time, cause the outstanding balance of your Account to exceed your credit 
limit as established by us or as adjusted from time to time at our discretion. 

TRANSACTION LIMITS: The maximum balance permitted for all cash advance transactions is 
50  percent  of  your  credit  limit,  subject  to  the  terms  and  limitations  outlined  herein.  Balance 
transfers between the GECU credit card programs are not permitted. 

PROMISE TO PAY: You promise to pay us in U.S. dollars for (a) all purchases, cash advances, 
balance transfers, and convenience checks made by you or anyone whom you authorize to use 
the Card or Account; (b) FINANCE CHARGES and other charges or fees; (c) collection costs and 
attorneys’ fees as permitted by applicable law and any costs incurred in the recovery of the Card; 
and (d) credit in excess of your credit limit that we may extend to you. At the end of each monthly 
billing cycle for which you have a balance on your Account, you will be furnished with  a 

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periodic statement showing (i) the “Previous Balance” (the outstanding balance in the Account at 
the  beginning  of  the  billing  cycle),  (ii)  the  amount  of  all  cash  advances,  purchases,  balance 
transfers,  convenience  checks,  over-the-limit  fees,  late  charges,  annual  fees,  FINANCE 
CHARGES  and  other  charges  or  fees  posted  to  your  Account  during  the  billing  cycle,  (iii)  the 
amount of all payments and credits posted to your Account during the billing cycle and (iv) the 
“New Balance” which is the sum of (i) and (ii) minus (iii). 

You agree to pay for your Account on or before the Payment Due Date shown on the monthly 
periodic statement either the entire New Balance or a Minimum Payment equal to any amount, 
which  is  at  least  2%  of  the  New  Balance  or  $25.00  whichever  is  greater,  plus  any  amount  in 
excess  of  the  credit  limit  established  by  us  and  any  past  due  minimum  payments.  If  the  New 
Balance is $25.00 or less, you agree to pay it in full. You may make extra payments in advance 
of the  due  date  without a  penalty  and  you may  repay  any  funds  advanced,  credit  extended or 
amount outstanding at any time without a penalty for early payment. Regardless of the amount of 
any extra payment during a given month, a monthly payment will be required the following month 
if a balance remains in your Account. 

COST  OF  CREDIT:  You  will  pay  a  FINANCE  CHARGE  for  all  advances  made  against  your 
Account. FINANCE CHARGES for cash advances, balance transfers, and convenience checks 
begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE 
on the date they are posted to your Account if you have paid the Account in full by the Payment 
Due Date shown on your previous monthly statement or if there was no previous balance. Cash 
Advances incur a FINANCE CHARGE from the date they are posted to your Account. 

No additional FINANCE CHARGES will be imposed on new purchases shown on your statement 
if the New Balance shown on the statement is paid in full by the Payment Due Date reflected on 
the statement. For purchases made with your Card, there is at least a 25-day grace period within 
which the New Balance may be paid without incurring a FINANCE CHARGE. 

The Periodic Rate portion of the FINANCE CHARGE is figured by applying the periodic rate to 
the  “Balance  Subject  to  FINANCE  CHARGE”  which  is  the  “Average  Daily  Balance”  of  your 
Account,  including  current  transactions. The  Average Daily  Balance is  arrived  at  by  taking  the 
beginning balance of your Account each day, adding new cash advances, balance transfers, and 
convenience checks, and unless you pay your entire Account Balance in full by the Payment Due 
Date shown on your previous monthly statement or there is no previous balance, adding in new 
purchases, and subtracting any payments or credits and unpaid FINANCE CHARGES. This gives 
us the daily balance. The daily balances for the billing cycle are then added together and divided 
by the number of days in the billing cycle. The result is the “Average Daily Balance.” The Periodic 
Rate portion of the FINANCE CHARGE is determined by multiplying the Average Daily Balance 
by the number of days in the billing cycle and applying the respective periodic rate to the product. 
If your periodic rate is computed based on an Index, your periodic rate(s) may vary. 

If  your  Account  features  an  Introductory  Rate,  you  will  pay  an  Introductory  Rate  FINANCE 
CHARGE for purchases made at the periodic rate and corresponding ANNUAL PERCENTAGE 
RATE (APR) and for the time period set forth. Thereafter, the  ANNUAL PERCENTAGE RATE 
may  vary  quarterly.  The  APR  (other  than  the  Introductory  APR)  is  a  variable  rate  determined 
quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on our 
review  of  your  application  and  creditworthiness)  to  the  Prime  Rate  (Index).  This  Index  as 
published in the “Money Rates” column of The Wall Street Journal on the last business day of 
each  calendar  quarter.  If  the  last  business  day  of  a  calendar  quarter  falls  on  a  weekend  or  a 
holiday, then the Index published on the preceding business day for that month will be used. 

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The Index will be applied the first day of your billing cycle that ends in the calendar month 
following each quarter end. Your account shall generally be reviewed every 12 to 24 months to 
determine the appropriate margin and credit score range, and as otherwise required by law. 
Changes to your ANNUAL PERCENTAGE RATE will be applied upon notification in 
accordance with applicable laws and regulations. 

The  ANNUAL  PERCENTAGE  RATE  for  purchases,  cash  advances,  balance  transfers,  or 
convenience checks in any given billing cycle, except for any Introductory Rate period, will be the 
Index  plus  the  margin  as  set  forth  in  the  Additional  Disclosure.  The  ANNUAL  PERCENTAGE 
RATES for purchases, balance transfers, and convenience checks are referred to as the Standard 
Rate. The daily periodic rate and corresponding ANNUAL PERCENTAGE RATE for purchases, 
cash  advances,  balance  transfers,  and  convenience  checks  are  set  forth  in  the  Additional 
Disclosure. 

For  all,  purchases,  cash  advances,  balance  transfers,  and  convenience  checks,  the  Standard 
Rate  ANNUAL PERCENTAGE RATE  will never be greater than 17.90% with a corresponding 
Standard Rate Daily Periodic Rate of .04904%. 

Please  note  that  the  terms  of  your  account,  including  any  of  the  ANNUAL  PERCENTAGE 
RATES, are subject to change. Future changes to the ANNUAL PERCENTAGE RATES will be 
in accordance with the Agreement and Disclosure Statement for your account. 

PENALTY APR: No Penalty APR. 

LIABILITY FOR UNAUTHORIZED USE: Under MasterCard’s® zero liability policy, you will not 
be  liable  for  an  unauthorized  transaction,  as  long  as  you  exercised  reasonable  care  in 
safeguarding the card from risk of loss or theft, and upon becoming aware, promptly notify our 
designee  orally  or  in  writing  of  the  loss,  theft,  or  possible  unauthorized  use  at  Card  Services, 
Dispute Processing, P.O. Box 10409, Des Moines, IA 50306, Telephone Number 1.800.810.2252. 
In any case, your maximum liability for unauthorized use of the Card will not exceed $50.00 and 
you  will not be liable for any unauthorized use that occurs after you notify our designee of the 
address or telephone number above. 

SKIP PAYMENT OPTION: We may designate a billing period in which you will have an option to 
skip a payment or pay less than the Minimum Payment Due. If you exercise this option, FINANCE 
CHARGES  will  accrue  based  on  your  “Average  Daily  Balance”  as  described  in  the  GECU 
Empowerment Credit Card Agreement and Disclosure Statement. 

CREDITING OF PAYMENTS: Payments made on your Account at the address designated for 
payment on the monthly periodic statement or in-person payments at a branch made prior to the 
close of business will be credited on the date of receipt. If the date of receipt is not a business 
day, your payment will be credited on the first business day following receipt. Payments on your 
Account will be applied first to collection costs, then to any FINANCE CHARGE and to other fees 
due, and then to the unpaid principal balance as required by law. We reserve the right to withhold 
credit  availability  on  any  payment.  Interest  paid  or  agreed  to  be  paid  shall  not  exceed  the 
maximum  amount  of  interest  permissible  under  applicable  law,  and  in  any  contingency 
whatsoever,  if  we  shall  receive  anything  of  value  deemed  interest  under  applicable  law  which 
would exceed the maximum amount of interest permissible under applicable law, the excessive 
interest shall be applied to the reduction of the unpaid principal amount or refunded to you. 

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ATM TRANSACTIONS: When you conduct a transaction at an ATM, you may be charged a 
fee by the ATM operator or any network used to complete the transfer, which may include 
GECU owned ATMs. 

LATE PAYMENT FEE: If a payment is 10 days or more past due, you will be charged a Late 
Payment Fee up to $25. If your minimum payment is less than $25, the Late Payment Fee will be 
equal to your minimum payment.* 

ANNUAL FEE: No Annual Fee. 

OVER-THE-LIMIT FEE: No Over-the-Limit Fee. 

RETURNED  PAYMENT  FEE:  We  will  charge  you  a  Returned  Payment  Fee  up  to  $25  if  any 
payment you send us is returned unpaid for any reason. We will charge you this fee each time 
any payment is returned unpaid, even if it is paid upon resubmission. If your minimum payment is 
less than $25, the Returned Payment Fee will be equal to your minimum payment.* 

*MULTIPLE FEES: In the event that the Late Payment Fee and the Returned Payment Fee apply 
concurrently, we will not charge you more than one fee for a single event. 

OTHER FEES: 
Convenience Check Fee ....................................... $4.00 
Duplicate Statement Fee ........................................ $5.00 
Expedited Card Fee… ........................................ $29.50 
Balance Transfer Stop Payment Fee… ................ $25.00 
Telephone Operator Assistance Fee 

(for expedited service) ........................................ $5.00 

SECURITY:  YOU  GRANT  THE  CREDIT  UNION  A  SECURITY  INTEREST  UNDER  THE 
UNIFORM  COMMERCIAL  CODE  AND  UNDER  ANY  COMMON  LAW  RIGHTS  THE  CREDIT 
UNION MAY HAVE IN ANY GOODS YOU PURCHASE. YOU SPECIFICALLY GRANT  US  A 
SECURITY  INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE  WITH  US 
NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT  OF  CREDIT  EXTENSIONS  MADE 
UNDER  THIS  AGREEMENT.  THE  GRANTING  OF  THIS  SECURITY  INTEREST  IS  A 
CONDITION  FOR  THE  ISSUANCE  OF  ANY  CARD  WHICH  YOU  MAY  USE,  DIRECTLY  OR 
INDIRECTLY, TO OBTAIN EXTENSIONS OF CREDIT UNDER THIS AGREEMENT. SHARES 
AND  DEPOSITS  IN  AN  INDIVIDUAL  RETIREMENT  ACCOUNT  (IRA)  OR  ANY  OTHER 
ACCOUNT THAT WOULD LOSE SPECIAL TAX TREATMENT UNDER STATE OR FEDERAL 
LAW IF GIVEN AS SECURITY ARE NOT SUBJECT TO THE SECURITY INTEREST YOU ARE 
GIVING.  COLLATERAL  SECURING  OTHER  LOANS  WITH  US  MAY  ALSO  SECURE 
PAYMENTS  FOR  YOUR  ACCOUNT  UNDER  THIS  AGREEMENT.  YOU  MAY  WITHDRAW 
THESE OTHER SHARES UNLESS YOU ARE IN DEFAULT. WHEN YOU ARE IN DEFAULT, 
YOU AUTHORIZE US TO APPLY THE BALANCE IN THESE ACCOUNTS TO ANY AMOUNTS 
DUE. FOR EXAMPLE, IF YOU HAVE  AN UNPAID CREDIT CARD  BALANCE, YOU  AGREE 
WE  MAY  USE  FUNDS  IN  YOUR  ACCOUNT(S)  TO  PAY  ANY  OR  ALL  OF  THE  UNPAID 
BALANCE. YOU ACKNOWLEDGE  AND  AGREE THAT YOUR PLEDGE DOES  NOT APPLY 
DURING ANY PERIODS WHEN YOU ARE A COVERED BORROWER UNDER THE MILITARY 
LENDING  ACT.  FOR  CLARITY,  YOU  WILL  NOT  BE  DEEMED  A  COVERED  BORROWER, 
AND  YOUR  PLEDGE  WILL  APPLY,  IF:  (I)  YOU  ESTABLISHED  YOUR  CREDIT  CARD 
ACCOUNT WHEN YOU WERE NOT A COVERED BORROWER; OR (II) YOU CEASE TO BE 
A COVERED BORROWER. 

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UNLESS  OTHERWISE  PROHIBITED  BY  FEDERAL  AND/OR  STATE  LAW,  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. 

DEFAULT: You will be in default: (1) if you fail to make any payment on time; (2) if you fail to keep 
any promises you have made under this or any other agreement with us; (3) if you are the subject 
of  an  order  of  relief  under  Title  11  of  the  U.S.  Code  (Bankruptcy);  (4)  if  anyone  tries,  by  legal 
process, to take any of your money maintained with us; (5) if you have given us false or inaccurate 
information in obtaining your Card; or (6) if we reasonably believe that you are unable or unwilling 
to repay your obligations to us. 

ACCELERATION: If you are in default, without notice to you, we may accelerate your debt and 
call any amounts you owe immediately due and payable, plus FINANCE CHARGES which shall 
continue to accrue until the entire amount is paid. If you default on your Account you authorize us 
to transfer the balance of your Account to another linked account of yours. You expressly waive 
any right to notice of our intention to accelerate and notice that your debt has been accelerated. 

TERMINATION  AND  CHANGES:  You  may  terminate  this  Agreement,  by  written  notice,  as  to 
future advances at any time. We can terminate this Agreement at any time subject to such notice 
as may be required by applicable law. Termination by either party shall not affect your obligation 
to repay any payments made for your Account resulting from use of the Card as well as FINANCE 
CHARGES and other related charges. We may change the terms of this Agreement, including 
the periodic rate, at any time subject to such notice as may be required by applicable law. 

CLOSING AN ACCOUNT AND CONTINUATION OF CERTAIN TERMS OF  THIS 
AGREEMENT: We may close or suspend your Account at any time without prior notice. You may 
also close your Account by notifying us. Once your account is closed, (A) you may not make any 
new transactions, and you must destroy all Cards and Convenience Checks; and (B) you must 
repay any outstanding balance pursuant to the Terms of this Agreement. Closing the Account will 
not prevent transactions from being added to the Account and you will remain liable for all unpaid 
balances including transactions made or processed after the date the Account is closed. 

NOTIFICATION ADDRESS FOR INFORMATION REPORTED TO CONSUMER REPORTING 
AGENCIES: We may report the status and payment history of your Account to credit reporting 
agencies  each  month.  If  you  believe  that  the  information  we  have  reported  is  inaccurate  or 
incomplete,  please  notify  us  in  writing  at  our  primary  address  shown  in  the  Terms  of  this 
Agreement  section  of  this  Agreement.  Please  include  your  name,  address,  home  telephone 
number and Account number. 

CREDIT  INVESTIGATION:  In  conjunction  with  your  application  for  credit  and,  if  approved, 
maintenance  of  your  Account,  you  agree  that  we  have  the  right  to  investigate  your  credit  and 
employment  history,  to  verify  your  credit  references,  to  request  and  use  credit  reports,  and  to 
report the way you pay your Account to credit bureaus and other interested parties. 

ILLEGAL TRANSACTIONS: You may not use your Card for any illegal transaction. You agree 
that we may decline to process any transaction that we believe in good faith to be for an illegal 
purpose. You agree that we will not be liable for declining to process any such transaction. If we 

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do process any transaction that ultimately is determined to have been for an illegal purpose, you 
agree  that  you  will  remain  liable  to  us  under  this  agreement  for  any  such  transaction 
notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an act 
of  default  under  this  Agreement.  YOU  FURTHER  AGREE  TO  WAIVE  ANY  RIGHT  TO  TAKE 
LEGAL  ACTION  AGAINST  GECU  FOR  YOUR  ILLEGAL  USE  OF  THE  CARD  AND  TO 
INDEMNIFY  AND  HOLD  GECU  AND  MASTERCARD®  INTERNATIONAL,  INCORPORATED 
HARMLESS FROM AND AGAINST ANY LAWSUIT, OTHER LEGAL ACTION OR LIABILITY 
THAT RESULTS DIRECTLY OR INDIRECTLY FROM SUCH ILLEGAL USE. 

FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in 
a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. 
dollar  amount.  MasterCard  International  will  use  its  currency-conversion  procedure,  which  is 
disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used 
by  MasterCard  International  to  determine  the  transaction  amount  in  U.S.  dollars  for  such 
transactions is generally either a government-mandated rate or a wholesale rate determined by 
MasterCard International for the processing cycle in which the transaction is processed, increased 
by an adjustment factor established from time to time by MasterCard International. The currency-
conversion rate used by MasterCard International on the processing date may differ from the rate 
that would have been used on the purchase date or cardholder statement posting date. You agree 
that you will not cause or allow the Card to be used in any manner or for any transaction that we 
believe  poses  an  undue  risk  or  illegality  and  we  may  refuse  to  authorize  any  such  use  or 
transaction. You agree that any illegal use of the Card will be deemed an act of default under this 
Agreement. 

Foreign Transaction Fee: Foreign transaction fees may apply for three types of transactions:  

1.  Card purchases you make or that are processed outside the U.S.;   
2.  ATM cash withdrawals made or processed in foreign countries and foreign currencies; or  
3.  Online  purchases  from  a  non-U.S.  retailer  that  uses  an  overseas  bank  to  process 

transactions;  

GECU assess a fee as set forth in the Fees and Charges section above. 

ADDITIONAL PROVISIONS: Each provision of this Agreement must be considered part of the 
total  Agreement  and  cannot  in  any  way  be  severed  from  it.  However,  if  any  provision  of  this 
Agreement is finally determined to be void or unenforceable under any law, rule, or regulation, all 
other  provisions  of this Agreement  will  remain  valid  and  enforceable.  You  understand that this 
Agreement  is  performable  in  the  country  and  state  of  the  aforementioned  credit  union  in  this 
Agreement, and the validity, construction, and enforcement of this Agreement shall be governed 
by applicable federal law and the laws of the state in which the aforementioned credit union is 
primarily  located.  We  do  not  warrant  any  merchandise  or  services  purchased  by  you  with  the 
Card.  All  purchases  and  cash  advances  are  extended  at  the  option  of  the  merchant  or  cash 
advancing  financial  institution  and  we  are  not  responsible  for  the  refusal  of  any  merchant  or 
financial institution to honor your Card. The Card remains our property at all times and you agree 
to  immediately  surrender  the  Card  upon  demand.  You  agree  to  pay  all  reasonable  costs  of 
collection, including court costs and attorney’s fees, and any costs incurred in the recovery of the 
Card.  We  can  accept  late  payments  or  partial  payments,  or  check  or  money  orders  marked 
“payment in full” without losing any of our rights under the Agreement. We can also delay enforcing 
any of our rights under this Agreement without losing them. You expressly waive presentment for 
payment,  demand,  protest,  and  notice  of  protest  and  dishonor  of  same.  You  agree  to  give  us 
prompt  notice  of  any  change  in  your  name,  mailing  address,  telephone  number  or  place  of 
employment. 

RECEIPT OF AND AGREEMENT TO TERMS AND CONDITIONS OF AGREEMENT: 

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By  using  the  Card,  you  agree  to  all  the  terms  and  conditions  and  promise  to  perform  all  the 
obligations, requirements, and duties contained in this Agreement, and you acknowledge receipt 
of a copy of this Agreement. 

GECU, 1225 Airway, El Paso, TX 79925 issues your credit card under this Agreement. 

WHAT TO DO IF THERE IS AN ERROR ON YOUR STATEMENT 

NOTICE OF 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. 

Notify Us in Case of Errors or Questions About Your Statement. 
If you think your statement is wrong or if you need more information about a transaction on your 
statement, write us on a separate sheet at the address listed on your statement. Write to us as 
soon  as  possible.  We  must  hear  from  you  no  later  than  60  days  after  we  sent  you  the  first 
statement on which the error or problem appeared. You can telephone us, but doing so will not 
preserve your rights. 

In your letter, provide us with the following information: (a) your name and account number; (b) 
the dollar amount of the suspected error; (c) a description of 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  credit  card  bill  automatically  from  your  GECU  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 30 days, unless we have corrected the error by then. 
Within 90  days,  we must either  correct  the error  or  explain why  we believe the  statement  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 statement that are not in question. If we find that we made a mistake on your statement, 
you will not have to pay any FINANCE CHARGES related to any questioned amount. If we didn’t 
make a mistake, you may have to pay FINANCE CHARGES and you will have 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 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 statement. 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 don’t follow these rules, we can’t collect the first $50.00 of the questioned amount, even if 
your statement was correct. 

Special Rule for Credit Card Purchases. 
If you have a problem with the quality of property or services 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 

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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  current  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 
mailed you the advertisement for the property or services. 

GECU MEMBER SERVICE: Call 1.800.810.2252, 24 hours a day, seven days a week. (Please 
have account information available). 

California residents: Applicants: 1) may, after credit approval, use the credit card account up to 
its credit limit; 2) may be liable for amounts extended under the plan to any joint applicant. As 
required  by  law,  you  are  hereby  notified  that  a  negative  credit  report  reflecting  on  your  credit 
record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit 
obligations. 

Florida Residents: You (borrower) agree that, should We obtain a judgment against You, a portion 
of  Your  disposable earnings  may  be  attached  or  garnished (paid to  Us  by  Your  employer),  as 
provided by Florida and Federal law. 

Maryland Residents: To the extent, if any, that Maryland law applies to Your Account, We elect 
to offer Your Card Account pursuant to Title 12, Subtitle 9 of the Maryland Commercial Law Article. 

Missouri Residents: Oral Agreements or commitments to loan money, extend credit or to forbear 
from  enforcing  repayment  of  a  debt  including  promises  to  extend  or  renew  such  debt  are  not 
enforceable.  To  protect  You  (borrower(s))  and  Us  (creditor)  from  misunderstanding  or 
disappointment, any Agreements We reach covering such matters are contained in this writing, 
which is the complete and exclusive statement of the Agreement between Us, except as We may 
later agree in writing to modify it. 

Nebraska Residents: A credit agreement must be in writing to be enforceable under Nebraska 
law.  To  protect  you  and  us  from  any  misunderstandings  or  disappointments,  any  contract, 
promise,  undertaking,  or  offer  to forebear  repayment  of  money  or  to  make  any  other  financial 
accommodation  in  connection  with  this  loan  of  money  or  grant  or  extension  of  credit,  or  any 
amendment of, cancellation of, waiver of, or substitution for any or all of the terms or provisions 
of  any  instrument  or  document  executed  in  connection  with  this  loan  of  money  or  grant  or 
extension of credit, must be in writing to be effective. 

New  York  Residents:  New  York  residents  may  contact  the  New  York  State  Department  of 
Financial Services to obtain a comparative listing of credit card rates, fees, and grace periods. 
New York State Department of Financial Services: 1-800-342-3736 or www.dfs.ny.gov. 

New  York  and  Vermont  residents:  At  any  time,  we  may  obtain  your  credit  reports,  for  any 
legitimate  purpose  associated  with  the  account  or  the  application  or  request  for  an  account, 
including  but  not  limited  to reviewing,  modifying,  renewing  and  collecting  on  your  account.  On 
your request, you will be informed if such a report was ordered. If so, you will be given the name 
and address of the consumer reporting agency furnishing the report. 

Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally 
available to all creditworthy customers, and that credit reporting agencies maintain separate credit 
histories  on  each  individual  upon  request.  The  Ohio  Civil  Rights  Commission  administers 
compliance with this law. 

South Dakota Residents: If You believe there have been any improprieties in making this loan or 

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in the lender’s loan practices. You may contact the South Dakota Division of Banking at  1601 
N. Harrison Ave, Suite 1, Pierre, SD 57501, or by phone at 605.773.3421. 

Utah Borrowers: This written Agreement is a final expression of the Agreement between You and 
the  Credit  Union.  This  written  Agreement  may  not  be  contradicted  by  evidence  of  any  oral 
Agreement.  As  required  by  law,  You  hereby  notified  that  a  negative  credit  report  reflecting  on 
Your credit record may be submitted to a credit reporting agency if You fail to fulfill the terms of 
Your credit obligations. 

Married Wisconsin residents: No provision of any marital property agreement, unilateral statement 
under Section 766.59, or court decree under Section 766.70 will adversely affect the rights of the 
Credit Union unless the Credit Union is furnished a copy of the agreement, statement or decree, 
or has actual knowledge of its terms, before the credit is granted or the account is opened. 

Please sign if you are not applying for this account or loan with your spouse. The credit being 
applied for, if granted, will be incurred in the interest of the marriage or family of the undersigned. 

THE FOLLOWING IS REQUIRED BY VERMONT LAW — NOTICE TO CO-SIGNER — YOUR 
SIGNATURE ON THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT 
OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT 
TO COLLECT FROM YOU. 

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