AMERICA’S FIRST FEDERAL CREDIT UNION CREDIT CARD AGREEMENT 

Visa® Secured Credit Card Agreement 

In this Agreement the words “you” and “your” means each person responsible for 
paying  this  Account.    “Card”  means  the  Visa  SECURED  CREDIT  CARD.  
“Account” means your Visa SECURED Credit Card Account with us.  “We,” “us” 
and  “our”  means  America's  First  Federal  Credit  Union,  its  successors  and 
assigns. 
1.  RESPONSIBILITY. You agree to be jointly and severally bound by all terms 
and conditions in this Agreement and on the Card if you use your Card or permit 
others to do so including convenience checks that we may provide to you.  You 
promise to repay all purchases, cash advances and balance transfers which are 
posted  to  your  account.    You  also  promise  to  pay  all  finance  charges,  fees, 
including  an  Annual  Fee  if  applicable  to  your  account  and  other  charges 
assessed on your Account or under this Agreement. Your payments must be in 
U.S.  Dollars  from  a  U.S.  financial  institution.  You  will  pay  no  less  than  the 
minimum monthly payment as indicated on your statement each month.  If you 
make  extra  or  larger  payments,  you  are  still  required  to  make  at  least  the 
minimum monthly payment each month that your account has a balance.  The 
minimum monthly payment for your account shall be the greater of 2% of your 
outstanding balance or $10.00. 
2.    LOST  CARD  NOTIFICATION.      If  you  believe  the  Card  has  been  lost  or 
stolen, you will immediately call us at 1-800-325-3678.  Twenty Four hours a day.  
Seven days a week. 
3. AUTHORIZED AND UNAUTHORIZED USE OF THE CARD.  You may use 
your card to obtain cash advances, purchases or balance transfers.  You will be 
jointly  and  severally  liable  for  all  authorized  use  of  your  Card,  for  all  credit 
extended by us in connection with your Card, regardless of your credit limit.  You 
may be liable for the unauthorized use of your Card.  You will not be liable for 
unauthorized use that occurs after you notify us orally or in writing of the loss, 
theft or possible unauthorized use in a timely manner.  In any case, your liability 
will  not  exceed  $50.00.    You  agree  to  assist  us  in  ascertaining  the  facts  and 
circumstances relating to any unauthorized use of the Card.  You may not use 
the  Card  for  any  illegal  or  unlawful  transaction,  including  but  not  limited  to 
internet  gambling,  and  we  may  decline  to  authorize  any  transaction  that  we 
believe to be unlawful.  The use of the Card to perform an illegal transaction is a 
condition of default and we may terminate your right to use the account and you 
agree to indemnify us for any losses suffered as a result of the illegal activity. 
4.CREDIT INFORMATION. You authorize us to investigate your creditworthiness 
when  opening,  renewing  or  reviewing  your  Account.    Upon  our  request,  you 
agree to update any credit information you have previously furnished us.  You 
also  authorize  us  to  request  and  provide  information  concerning  your  credit 
history from and to other creditors and credit reporting agencies. 
5.    CREDIT  LIMIT.    A  credit  limit  will  be  assigned  to  you  by  us  and  will  be 
determined by the information submitted on your credit application, and by other 
credit  information  received  by  us.    You  may  not  allow  the  balance  of  your 
account  to  exceed  the  approved  credit  limit.    We  may  in  our  discretion,  allow 
advances from your account in excess of your credit limit, and these advances 
are  subject  to  all  the  provisions  of  this  Agreement.    You  agree  to  repay  any 
amount  over  your  credit  limit  immediately  upon  demand.    The  credit  limit 
applicable to your account will be disclosed on each monthly statement and is 
subject to change without notice to you.  
6.  DESIGNATED CREDIT UNION SHARE ACCOUNT. You agree to maintain a 
Designated Credit Union Share account with a minimum balance equal to the 
credit limit established for your account. You understand and agree that shares 
pledged  as  security  will  earn  dividends  at  the  rate  for  similar  accounts.  You 
pledge under  the  Uniform Commercial  Code, the  Share Account listed on the 
America’s  First  Federal  Credit  Union  Secured  Visa  Platinum  Credit  Card 
Application to the credit union as security for any balance owed on your account. 
If you request a higher credit limit in the future, you understand and agree that 
you will be required to deposit additional funds in the Share Account equal to the 

amount  of  the  increase  you  requested  and  the  credit  union  will  holds  this 
amount,  in  addition  to  the  amount  already  held  in  the  Share  Account.  You 
understand and agree the pledged funds will not be accessible for withdrawal 
and you agree not to withdraw or attempt to withdraw pledged funds until the 
account has been closed and any cards issued to you have been returned. You 
understand and agree that pledged funds may be held for up to 30 days after 
you have closed your account. You understand and agree that if you dispute any 
charges owed to the credit union, you will not rescind this agreement until any 
such disputes are resolved. You understand and agree that the credit union  may 
transfer  pledged  funds  from  the  pledged  Share  Account  at  any  time  if  this 
account  is  delinquent,  inactive  or  if  we  suspend  or  terminate  your  credit 
privileges.  Upon  any  of  these  occurrences,  the  Share Account  and  the  credit 
card account will be closed. Any remaining funds in the pledged Share Account 
will be transferred to your primary Share account, or otherwise paid to you via 
check, cash or any other method at our option. 
7.  SURRENDER OF CARD.  The Credit Card remains the property of the Credit 
Union.  Notwithstanding the expiration date on the Credit Card, your right to use 
the  Credit  Card  may  be  cancelled  or  terminated  for  any  reason.  You  must 
surrender the Card immediately to us or to our agent upon demand.  
8.  FINANCE CHARGE.  If you have a zero purchase balance at the beginning 
of  the  statement  cycle  you  can  avoid  a  finance  charge  on  purchases  billed 
during the cycle by paying the new balance of Purchases within 25 days of the 
statement closing date. Otherwise, purchases will be subject to a finance charge 
from the date they are posted to the account. Finance charges are calculated at 
the periodic rate and Annual Percentage Rate disclosed to you on the average 
daily  balance  of  purchases  and  cash  advances  posted  to  your  account.  Any 
finance charge we add to your Account is the amount payable as a condition of 
credit.  Finance charges do not include (1) fees for participation or membership 
in  the  card  program,  (2)  fees  for  late  payments,  (3)  if  you  agree,  fees  for 
exceeding  your  credit  limit,  or  (4)  any  other  fees  applicable  to  your  account 
including  the  failure  to  comply  with  the  terms  and  conditions  of  your  account. 
Except for the Grace Period for purchases or minimum finance charge described 
in  your  Truth  in  Lending  disclosure,  you  are  charged  finance  charges  each 
month for any part of the credit that was extended to you that remains unpaid as 
of  the  statement  date.    A  finance  charge  is  imposed  on  cash  advances  and 
balance transfers from the day they are posted to your account.  You can pay all 
or any part of your Account balance at any time without any prepayment penalty. 
9.  DEFAULT.  You will be in default if you exceed your line of credit, fail to pay 
any  sum  when  it  is  due,  die,  file  a  petition  in  Bankruptcy  Court  or  become 
insolvent,  or  if  you  fail  to  comply  with  any  of  the  terms  or  conditions  of  this 
Agreement.  If we, for good cause, should deem ourselves insecure, then we 
may without prior notice and in our sole discretion, do any or all of the following: 
(1) terminate this Agreement and revoke your right to use the Card, (2) declare 
the entire balance of your Account due and payable,  (3) refuse to honor further 
Card transactions, or (4) apply any shares or other property you have pledged 
as  security  for  this  Agreement  against  the  amount  you  owe  under  this 
Agreement pursuant to paragraph 6 above. 
10.  MISCELLANEOUS.  You agree to notify us in writing of any change in your 
name, address or employment.  You agree not to permit the use of the Card if 
you know  that  credit privileges  have  been  terminated  or  suspended.  You  will 
notify us immediately if you believe any unauthorized use of the Card has or may 
have occurred, and you will assist us in any related investigation.  You will notify 
us immediately upon the loss or theft of the Card.  Neither we nor any of our 
processors, agents or servants are responsible if anyone refuses to honor the 
Card.    This  Agreement  and  all  transaction  made  pursuant  hereto  shall  be 
governed by the laws of the State of Alabama except as preempted by the laws 
of  the  United  States.    If  there  is  any  conflict  between  the  provisions  of  this 
Agreement and those of any sales draft, cash advance slip or other documents 

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you sign or authenticate in connection with the use of the Card, the provisions of 
the  Agreement  shall  control.    If  more  than  one  person  signed  your  Card 
Agreement, they are also bound hereunder. No delay by us in exercising any of 
our rights under this Agreement will be a waiver of that right or any other right. 
11.  CHANGE IN TERMS.  We may change any term or part of the Credit Card 
Agreement,  allowed by law, including finance charges, rates, fees, or method of 
computing any balance upon which the finance charge is assessed by sending 
you written notice as required by law.  Any such changes will only apply to new 
charges made after that date.  If you do not agree to the change in terms, you 
must notify us in writing before the effective date of the Change in Terms that is 
provided  to  you  to  the  address  provided  in  the  notice  of  change,  and  your 
account  will  be  closed  to  additional  transactions  and  you  must  pay  us  the 
balance that you owe us under the existing terms of the unchanged Credit Card 
Agreement.  Otherwise, you will have agreed to the change in the notice.  Use of 
the  Credit  Card  after  the  effective  date  of  the  change  shall  be  deemed 
acceptance  of  the  new  terms  as  to  such  effective  date,  even  if  you  had 
previously notified us that you did not agree with the change. 
12.  TERMINATION.  Subject to applicable laws and regulations, we may, in our 
sole discretion, terminate this Agreement and your right to use your Card at any 
time.  You may terminate this Agreement with respect to future transactions, but 
you will remain liable for payment of all amounts due under this Agreement prior 
to the termination. 
13.  SECURITY INTEREST.  In addition to Paragraph 6 above, to secure your 
account, you hereby pledge all shares and/or deposits including amounts in draft 
accounts and payments and earnings thereon which you now or hereafter may 
have with us, whether held individually, jointly or in trust, as security for any and 
all  amounts  owed  by  the  use  of  your  Card  and  any  interest  or  fees  accrued 
thereon.  Upon default, you authorize  us to take  what  you owe us  out  of any 
deposit accounts (except Individual Retirement Accounts) you have with us. 

14.    FOREIGN  TRANSACTIONS.    If  you  make  a  transaction  in  a  foreign 
currency, it will be converted into a U.S. Dollar amount. The exchange rate for 
transactions in a foreign currency will be a rate selected by Visa or MasterCard 
from  the  range  of  rates  available  in  wholesale  currency  markets  for  the 
applicable central processing date,  which rate  may  vary from the rate  Visa or 
MasterCard  receives,  or  the  government  mandated  rate  in  effect  for  the 
applicable central processing date, plus 1%. 
15.  LIMITATIONS ON USE OF YOUR CARD. Payments of $500.00 or more 
will result in a five-day delay before any additional credit limit is made available 
for subsequent purchases or cash advances. There is a daily limit of $10,000.00 
for purchases and a daily limit of $5,000.00 for cash advances if allowed by your 
credit limit. 
16.  NOTICES.  Except as otherwise provided in the Agreement, all notices are 
to be given in writing.  All notices given by us to you shall be deemed given when 
deposited in the United States Mail, first class postage prepaid, and addressed 
to  the  last  known  address  in  our  records  of  the Account  Holder  whose  name 
appears first on your Credit Card Agreement. All notices to us by you shall be 
deemed given when we receive them.  
17.  COLLECTION COSTS & ATTORNEY FEES.  You agree to pay all cost of 
collecting  the  amount  you  owe  under  this  Agreement  including  a  reasonable 
attorney’s fee if the unpaid balance exceeds $300.00 and the matter is referred 
to an attorney who is not a salaried employee of the Credit Union.  

18.  TRUTH IN LENDING DISCLOSURE. The additional terms and conditions 
that appear in the Truth in Lending Disclosure provided to you are incorporated 
herein and made a part of this agreement. 
19.  INVALIDITY OF  PROVISIONS AND  CAPTIONS.   If any provision  of  this 
Agreement is deemed to be invalid the remaining provisions will remain in full 
force and effect. The paragraph headings are for convenience only and do not 
form a part of this Agreement.  

Visa Share Secured Rev. 08/2014 

Important information concerning your rights and our responsibilities is printed on the next page. 

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Your Billing Rights: Keep this Document for Future Use 

This notice tells you about your rights and our responsibilities 
under the Fair Credit Billing Act.  

• 

What To Do If You Find A Mistake On Your Statement 

If you think there is an error on your statement, write to us at: 

America’s First Federal Credit Union 
P.O. Box 11349 
Birmingham, Alabama 35202 
You may also contact us on the Web at: www.amfirst.org 

In your letter, give us the following information: 

•  Account Information: Your name and account number. 
•  Dollar amount: The dollar amount of the suspected error. 
•  Description  of  problem:  If  you  think  there  is  an  error  on 
your bill, describe what you believe is wrong and why you 
believe it is a mistake. 

You must contact us: 

•  Within  60  days  after  the  error  appeared  on  your 

statement. 

•  At least 3 business days before an automated payment is 
scheduled,  if  you  want  to  stop  payment  on  the  amount 
you think is wrong. 

You  must  notify  us  of  any  potential  errors 
in  writing  or 
electronically. You may call us, but if you do we are not required to 
investigate  any  potential  errors  and  you  may  have  to  pay  the 
amount in question. 

What Will Happen After We Receive Your Letter 

When we receive your letter, we must do two things: 

1.  Within 30 days of receiving your letter, we must tell you 
that  we  received  your  letter.  We  will  also  tell  you  if  we 
have already corrected the error. 

2.  Within  90  days  of  receiving  your  letter,  we  must  either 
correct the error or explain to you why we believe the bill 
is correct. 

While we investigate whether or not there has been an error: 

•  We cannot try to collect the amount in question, or report 

you as delinquent on that amount. 

•  The  charge  in  question  may  remain  on  your  statement, 
and  we  may  continue  to  charge  you  interest  on  that 
amount. 

•  While you do not have to pay the amount in question, you 
are responsible for the remainder of your balance. 
•  We  can  apply  any  unpaid  amount  against  your  credit 

limit. 

After  we  finish  our  investigation,  one  of  two  things  will 
happen: 
• 

If  we  made  a  mistake:  You  will  not  have  to  pay  the 
amount in question or any interest or other fees related to 
that amount. 

If we do not believe there was a mistake: You will have to 
pay the amount in question, along with applicable interest 
and  fees.  We  will  send  you  a  statement  of  the  amount 
you  owe  and  the  date  payment  is  due.  We  may  then 
report you as delinquent if you do not pay the amount we 
think you owe. 

If you receive our explanation but still believe that your bill is 
wrong, you must write to us within 10 days telling us that you still 
refuse  to  pay.  If  you  do  so,  we  cannot  report  you  as  delinquent 
without also reporting that you are questioning your bill. We must 
tell  you  the  name  of  anyone  to  whom  we  reported  you  as 
delinquent,  and  we  must  let  those  organizations  know  when  the 
matter has been settled between us. 

If we do not follow all of the rules above, you do not have to 
pay  the  first  $50  of  the  amount  you  question  even  if  your  bill  is 
correct. 

Your  Rights  If  You  Are  Dissatisfied  With  Your  Credit  Card 
Purchases 

If  you  are  dissatisfied  with  the  goods  or  services  that  you  have 
purchased with your credit card, and you have tried in good faith to 
correct  the  problem  with  the  merchant,  you  have  the  right  not  to 
pay the remaining amount due on the purchase. To use this right, 
all of the following must be true: 

1.  The purchase must have been made in your home state 
or within 100 miles of your current mailing address, and 
the  purchase  price  must  have  been  more  than  $50. 
(Note:  Neither  of  these  are  necessary  if  your  purchase 
was  based  on  an  advertisement  we  mailed  to  you,  or  if 
we  own  the  company  that  sold  you  the  goods  or 
services.)  

2.  You  must  have  used  your  credit  card  for  the  purchase. 
Purchases  made  with  cash  advances  from  an  ATM  or 
with  a  check  that  accesses  your  credit  card  account  do 
not qualify. 

3.  You must not yet have fully paid for the purchase. 

If all of the criteria above are met and you are still dissatisfied with 
the purchase, contact us in writing or electronically at: 
America’s First Federal Credit Union 
P.O. Box 11349 
Birmingham, Alabama 35202 
www.amfirst.org 

While we investigate, the same rules apply to the disputed amount 
as  discussed  above.  After  we  finish  our  investigation,  we  will  tell 
you our decision. At that point, if we think you owe an amount and 
you do not pay, we may report you as delinquent. 

Toll Free: 1-800-633-8431, ext. 4170  

Local: 205-320-4170 

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