Effective 6/30/10 

Annual Percentage Rate (APR) for Purchases 

Annual Percentage Rate (APR) for Cash 
Advances, Convenience Checks, and Balance 
Transfers 

Variable Rate Information: 

Index: 

Margin: 

Ceiling Rate: 
Change: 

Grace Period for Repayment of Balances For 
Purchases: 

Balance Calculation Method for Purchases 

Annual Fee: 
Minimum Finance Charge: 

Transaction Fee for Cash Advances and Balance 
Transfers 
Late Payment fee 

Returned Check fee 

Insufficient Fund fee 

Rush Card fee 

Currency Conversion fee 

6.20% variable, 7.20% variable, 9.20% variable, 12.20% 
variable, 14.20% variable. Selection of rate dependent upon review of 
your credit history. 
*4.95% new account introductory rate for six months after account is open 
for all purchases. 
6.20% variable, 7.20% variable, 9.20% variable, 12.20% 
variable, 14.20% variable. Selection of rate dependent upon review of 
your credit history. 
*4.95% new account introductory rate for six months after account is open 
for all cash advances, convenience checks, and balance transfers. 
Your Annual Percentage Rate may vary. This rate is determined by an 
Index and percentage amount above the Index (Margin).  The rate can 
change quarterly, subject to ceiling. 
The highest Prime Rate published in the Wall Street Journal on the last 
business day of the month preceding the current calendar quarter. 

The percentage amount above the Index is 2.95%, 3.95%, 5.95%, 8.95% or 
10.95% depending on an annual review of your credit history. 

18.00% APR.  The variable rate will not be higher than this rate. 
The rate may change every three months, and such changes will occur 
during the months of January, April, July, and October on the first day of 
the billing cycle. 
25 days if you pay the Total New Balance for purchases by the payment 
due date on your last statement, or if you did not have a purchase balance 
on your last statement. 

The Finance Charge is calculated on the Average Daily Balance including 
new transactions. 
$0 – No annual fee 
$0 

$0 

$25.00 per billing cycle 

$15.00 per check 

$25.00 per check 

$15.00 

$0 

 
 
RELIANT COMMUNITY FEDERAL CREDIT UNION 
VISA PLATINUM CREDIT CARD 
PLAN AGREEMENT 
6/30/10 

In this Agreement, the words "you" and "your" refer to each and all of the persons who apply for a credit 
card issued by us.  The words "we," "us," "our," "Credit Union," "Reliant," and "Reliant Community 
Credit Union" mean Reliant Community Federal Credit Union. "Card" means our VISA Platinum Credit 
Card and any duplicates and renewals we issue.  "Checks" means checks or other withdrawal mechanisms 
that may be used in connection with a Card account and which, upon use, create cash advances. 

You agree to the terms of this Agreement when you accept or use a Card or Check. 

NOTICE TO CARD USER (YOU) 

1.  DO NOT USE THE CARD BEFORE YOU READ THIS AGREEMENT OR IF IT 

CONTAINS ANY BLANK SPACES. 

2.  YOU MAY AT ANY TIME PAY YOUR TOTAL INDEBTEDNESS UNDER THIS 

CREDIT AGREEMENT. 

HOW TO USE YOUR CARD 

You may use your Card to purchase, rent, or lease goods or to purchase services ("purchases") from 
persons who honor the Card. You may also obtain loans ("cash advances") from any bank, credit union, 
or other financial institution that accepts the Card or by using Checks we may provide you for that 
purpose.  Checks may not be used to make payment on any Credit Union credit accounts.  A Card or 
Check may not be used for an illegal transaction, such as unlawful gambling. 

You can also use your Card to complete a transaction by using your Personal Identification Number (PIN) 
in conjunction with the Card in an Automated Teller Machine (ATM) or other type of electronic terminal 
that provides access to the VISA system. An ATM withdrawal with a Card is a cash advance.  Your 
monthly statement will identify the merchant, electronic terminal, or financial institution at which such 
transactions were made, but sales, cash advance, credit, or other slips cannot be returned with your 
statement.  You will retain the copy of such slips furnished at the time of transaction in order to verify 
your monthly statement.  The Credit Union may charge you for photocopies of slips you request. 

PAYMENT DUE DATE 
Your payment due date will be on the same date each month. If the payment due date falls on a day when 
we do not receive or accept payments (including weekends and holidays), payments received on the next 
business date will not be considered late.  

 
 
 
 
 
  
 
 
 
 
 
CREDIT LIMIT 

The total amount of credit outstanding at any time, together with all charges we make against your 
account as provided in this Agreement, must not be more than your credit limit. We will tell you your 
credit limit when we send your Card to you and on each monthly statement. However, if the outstanding 
balance temporarily exceeds the credit limit, you agree to repay the excess immediately, even if we have 
not yet issued a bill. Obtaining excess credit does not increase the credit limit.  We may change your 
credit limit from time to time without advance notice to you, unless you are under the age of 21. Credit 
limit increases for those under age 21 can only be considered if any cosigner approves of the increase in 
writing and assumes joint liability for the increase. You can apply for an increase in your credit limit at 
any time but credit limit increases must be approved by us in accordance with our lending policies and 
procedures. We may also revoke your Card and terminate this Agreement.  We will notify you if we do 
so. 

REPAYMENT 

You promise to pay us the amounts of all credit you obtain, any insurance payments and other fees we 
charge against your account, and FINANCE CHARGES as described in the FINANCE CHARGE 
paragraph. 

You may pay the entire amount outstanding at any time.  Each month you must pay at least the 
Minimum Payment on your monthly statement within 25 days of your statement closing date.  The 
minimum payment each month will be the sum of: 

  2.5% of the Total New Balance ("Total New Balance" is the previous balance minus payments 

and credits; plus purchases, cash advances, and any finance charges.) 

  The amount of any past due payment(s) 
  Any late fee amount(s) 

The minimum payment will be rounded up to the next whole dollar.  Your minimum payment will always 
be at least $15.00 or the Total New Balance, whichever is smaller.  No interest shall be earned or paid on 
amounts owed to you by the Credit Union.  Payments in excess of the minimum will be applied first to 
the balance bearing the highest APR, and then to each successive balance bearing the next highest APR 
until the payment is exhausted. All payments will be credited to your account for the billing cycle in 
which payment is received.  You may not make a Minimum Payment prior to the commencement of the 
billing cycle for which the payment is intended.  You may pay more frequently, pay more than the 
Minimum Payment, or pay the Total New Balance(s) in full and you will reduce the FINANCE 
CHARGE by doing so.  We can accept late payments or partial payments or checks or money orders 
marked "payment in full" or with words having a similar meaning without losing any of our rights under 
this Agreement.  In addition, at any time your Total New Balance exceeds your Credit Limit you must 
immediately pay the excess upon demand. 

 
 
 
 
  
 
 
 
Existing balances will be subject to an increase in an APR in the following cases: 
A change in the variable rate due to a change in the Index;  
or 
The expiration of a rate for a specified period of time (e.g. introductory or promotional period) disclosed 
clearly before the start of the time period. 

FOREIGN TRANSACTIONS  

Purchases made in foreign currencies will be charged to the Card account in U.S. dollars. The exchange 
rate for international transactions will be a rate selected by Visa from the range of rates available in 
wholesale currency markets, which may vary from the rate Visa itself receives, or the government-
mandated rate in effect for the applicable central processing date, which may not be the same date as the 
transaction date or posting date. 

PAYMENT HOLIDAYS 

We may allow you, from time to time, to omit a monthly payment.  We will notify you as to any month in 
which the option is available.  If you omit a payment, FINANCE CHARGES and insurance charges, if 
any, will continue to accrue on your balance.  A payment holiday does not extend the period within which 
you must pay the Total New Balance in order to completely avoid a FINANCE CHARGE on purchases.  
A minimum payment will be due in the month following the month in which you skip your payment. 

OTHER CHARGES  (See the Visa Disclosure for current fees.) 

1.  Annual Fee: You will not be charged an annual fee. 
2.  Late Fee: Each time you fail to make a required payment within 10 days after the Payment Due 

Date shown on the monthly statement to which the payment relates, you will be charged a late fee 
on each statement closing date thereafter without any grace period until the required payment is 
made. 

3.  Returned Payment Fee: If your payment is returned for any reason, you will be charged a return 

payment fee. 

4.  Insufficient Fund Fee: If you use a Check and there is not enough availability under the credit 

limit to cover it you will be charged an insufficient fund fee. 

5.  Rush Card Fee: If you request a rush on your replacement card, we may charge a rush fee. 

FINANCE CHARGE 

The FINANCE CHARGE (interest) is calculated at a monthly periodic rate determined by dividing the 
applicable ANNUAL PERCENTAGE RATE by twelve.  The ANNUAL PERCENTAGE RATE is 
subject to change quarterly. You have a 25 day grace period on your purchase balance and for new 
purchases if you pay the Total New Balance for purchases by the Payment Due Date on your last 
statement.  You also have a 25 day grace period for new purchases if you did not have a purchase balance 
on your last statement.  The grace period starts on the statement closing date.  If you do not pay the Total 

 
 
 
 
 
 
 
 
 
 
New Balance for purchases by the end of the grace period, A FINANCE CHARGE will be imposed on 
the unpaid purchase balance from the first day of the next billing cycle and on new purchases from the 
date they are posted to your account.  A FINANCE CHARGE is imposed on cash advances from the 
date they are posted to your account.  Separate average daily balances are calculated for purchases and 
cash advances.  The FINANCE CHARGE is calculated by multiplying the average daily balances by the 
monthly periodic rate.  To get each average daily balance, the daily balances for purchases and cash 
advances for the billing cycle are added and the totals are divided by the number of days in the cycle.   

To get the daily balance for cash advances, new cash advances are added to the day's beginning balance 
and payments and credits are subtracted.  To get the daily balance for purchases, new purchases are added 
to the day's beginning balance and payments and credits are subtracted; however, new purchases are not 
added if you paid the Total New Balance for purchases on your last statement by the Payment Due Date 
or if you did not have a purchase balance on your last statement.  Unpaid fees and finance charges from 
the prior month are included in the calculation of the average daily balance. A FINANCE CHARGE will 
continue to accrue on your account until what you owe under this Agreement is paid in full. 

VARIABLE RATE, MARGIN, AND INDEX 

The ANNUAL PERCENTAGE RATE is a variable rate.  The variable rate is determined by adding a 
specified number of percentage points, called the “Margin”, to an “Index.”  The Margin is based on your 
credit history. Your Margin will be assigned on a date determined by us each year based on a review of 
your credit history and will remain in effect until the following year. 

Exception for New Accounts: The introductory rate and the assigned Margin that will be in place 
following the introductory rate period will not change during the initial 12 months after the account is 
opened.  

The “Index” is the highest Prime Rate published in the The Wall Street Journal on the last business day 
of the month preceding the current calendar quarter. This means that the Index may change every three 
months. Any change will occur during the months of January, April, July, and October on a date 
determined by us. The variable rate will never be greater than the Ceiling Rate of 18.00% APR. We 
reserve the right, at any time, to charge you a lower rate than the formula described in this section without 
losing any of our rights. Your ANNUAL PERCENTAGE RATE will increase or decrease when the 
Prime Rate changes and when your credit history is reviewed annually. 

 If your Margin increases at the time of the annual review due to a lower credit score, we will review your 
credit history in 6 months to determine if your credit score has increased. If your score has improved your 
Margin may be lowered. Your credit history will be reviewed every 6 months until a point in time when 
your score has improved to decrease your Margin back to the original rate. An increase in the ANNUAL 
PERCENTAGE RATE may cause you to pay a larger Periodic FINANCE CHARGE and will usually 
result in an increase in your minimum monthly payment. An increase in the APR due to a change in the 
Margin requires a 45-day written notification prior to the effective date of the rate increase. 

 
 
 
 
 
 
 
 
 
INSURANCE 

Group credit insurance providing coverage to pay your account in the event of loss of life or disability 
may be offered to you from time to time.  PURCHASE OF THIS INSURANCE IS STRICTLY 
OPTIONAL.  If purchased, the insurance will protect us if an event occurs for which benefits are 
provided.  Please contact us for additional "Description of Coverage" details.  We determine the cost of 
this insurance by multiplying the insurance rate then in effect by your Total New Balance on each billing 
date.  Auto Rental Collision Damage and Travel Accident insurance are provided at no cost to you. Other 
cardholder benefits may also be available. 

RESPONSIBILITY 

If we issue you a Card, you agree to repay all debts and the FINANCE CHARGE arising from the use of 
the Card and the Card account. If this Agreement applies to a joint account, you are individually and 
together responsible for any balance outstanding.   You are responsible for charges made by anyone else 
to whom you give the Card, whether or not the person stays within the limits of use set by you; this 
responsibility continues until the Card is recovered.  

You cannot disclaim responsibility by notifying us, but we will close the account for new transactions if 
you so request and you return all Cards.  Your obligation to pay the account balance continues even 
though an agreement, divorce decree, or other court judgment to which we are not a party may direct one 
of you or another person to pay the account. 

STATEMENTS 

As required by law, we will send you a monthly statement that will show all balance transfers, cash 
advances, purchases, FINANCE CHARGES, other charges (except rush card fees which will be shown 
on your share account statement), payments, and credits posted to your Account during the billing cycle 
covered by the statement. The statement will show your Previous Balance, your Total New Balance, and 
the Payment Due Date by which we must receive your minimum monthly payment. Your statement will 
also include information on how long it will take you to pay off your balance if you only make the 
minimum payment each month and do not make any additional charges. If there is more than one of you, 
we will send the monthly statement only to the person named in our system as the primary account 
holder.  

REASONS FOR REQUIRING BALANCE DUE 

You will be in default and we can require immediate payment of all amounts you owe if: 

•  you fail to make any required payment by the due date; 
•  your total balance exceeds your credit limit; or  
•  you fail to abide by any other term of this Agreement. 

 
 
 
 
   
 
 
 
 
 
 
 
 
You will also be in default if your ability to repay us is materially reduced by a change in your 
employment, an increase in your obligations, bankruptcy or insolvency proceedings involving you, or 
your death.  We have the right to demand immediate payment of your full account balance if you default, 
subject to our giving you any notice required by law.   Collateral securing other loans with us may also 
secure this loan. 

Our failure to exercise any of our rights when you default does not mean that we are unable to use those 
rights upon later default.  

COLLECTION COSTS AND ATTORNEY FEES 

Unless prohibited by applicable law, if you default, we can also require you to pay collection and court 
costs we actually incur in a collection proceeding, and a reasonable attorney's fee if we refer your account 
for collection to an attorney. 

RETURNS AND ADJUSTMENTS 

Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so 
by sending us a credit which we will post to your account.  If your credits and payments exceed what you 
owe us, we will hold and apply this credit balance against future purchases and cash advances, or if it is 
$1 or more, refund it on your written request. After 6 months, Reliant will refund the balance with no 
written request required. 

REFUSAL TO HONOR 

We are not liable for any refusal to honor your Card or Checks or for any retention of your Card by us, 
any other financial institution, or any seller or lessor of goods or services. 

TERMINATION 

We may suspend or terminate your rights to obtain credit at any time for any reason.  Your obligations 
under this Agreement continue after the Agreement is terminated.  We can terminate or suspend use of 
your Card or Checks without prior notice or reissue a different Card or Checks at any time.  If we ask, 
you will cut the Card or Checks in half and surrender them to us or our agent, or mail them to us. 

AMENDMENTS (Changes) 

We may amend this Agreement by notifying you of the Amendment(s), hereinafter called the Change(s). 
The notice will tell you the effective date of the Change(s).  The notice will inform you if you have the 
right to reject a Change.   

We may at any time add new credit card services or replace your Card with another Card. 

 
 
 
 
 
 
 
 
 
  
 
 
 
UNAUTHORIZED USE OF YOUR CARD 

Visa's Zero Liability policy provides you with complete protection from unauthorized use of your card or 
account information.  Your liability for unauthorized transactions is $0.   If you give your Card to 
someone, all of their use is considered authorized by you. You should report all unauthorized use of your 
credit card to:  Reliant Community Federal Credit Union, 10 Benton Place, PO Box 40, Sodus, NY 14551 
(Telephone 1-800-724-9282). 

LOST CARD NOTIFICATION 

If you believe your Card(s) has been lost or stolen, you will immediately telephone the Credit Union at 1-
800-724-9282.  After Credit Union hours call 1-800-654-7728. 

CANCELLATION 

You may cancel your Card account at any time by notifying us in writing and returning the cut in half 
Card(s) and Checks issued to you in connection with this account.  However, you remain responsible to 
pay the amount you owe us according to the terms of this Agreement. 

REQUESTS FOR CREDIT 

This Agreement also applies to any amount in excess of your credit limit.  If you request credit in any 
form which, if granted, would result in your total outstanding balance, including authorized purchases not 
yet posted to your account, being more than your credit limit (whether or not the balance before the 
request was more than the credit limit), we may 

1.  Honor the request without permanently raising your credit limit; 
2.  Honor the request and treat the amount which is more than your credit limit as  immediately 

due; or 

3.  Refuse to honor the request.  We may advise the person who made the request that it has been 

refused. 

If we refuse to honor a Check, we may do so by advising the person presenting the Check that credit has 
been refused, that there are insufficient funds to pay the Check, or in any other manner. 

If we have previously honored requests for credit over your credit limit, it does not mean that we will 
honor further over-limit requests. 

SETOFF RIGHTS 

With respect to this account only, we will not assert any setoff rights we may have by statutory right or 
otherwise if you are in default to prevent withdrawal of your unpledged Credit Union shares. 

 
 
    
 
 
 
 
 
 
 
 
 
 
EFFECT OF AGREEMENT 

This Agreement is the contract which applies to all transactions on your account even though the sales, 
cash advance, credit, or other slips you sign or receive may contain different terms. If any part of this 
Agreement is found to be invalid, the rest remains effective.  Our failure to exercise any of our rights 
under this contract does not mean that we are unable to exercise those rights later. 

GOVERNING LAW 

This Agreement is governed by New York law except to the extent that Federal Laws and Regulations 
may apply. 

CREDIT INFORMATION 

From time to time, we may require you to provide us with updated credit information. We may obtain 
consumer credit reports and information about you for updates, renewals, extensions of credit, reviews of 
your Account, collection of your Account, and any other permissible purpose. We may report information 
relating to your account and the use of this Card to Credit Reporting Agencies.  The Card(s) is our 
property.  You must return it to us on request. 

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 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 following address:  Reliant Community Credit Union, 10 Benton Place, PO Box 
40, Sodus, NY 14551-0040 or email to reliant@reliantcu.com.  Write to us as soon as possible.  We must 
receive your written notice at this address no later than 60 days after we sent or made available the first 
statement on which the error or problem appeared.  You can telephone us, but doing so will not preserve 
your rights.  Please give the following information 

•  Your name and account number (do not include account number if sending notification by 

email). 

•  The dollar amount of the suspected error. 
•  Describe the error and explain why it is wrong.  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 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 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 2 
complete billing cycles, but no longer than 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 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 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 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 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 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. 

  
 
 
 
 
 
 
 
 
 
 
 
Any other disputes you must resolve directly with the plan merchant. These limitations do not 
apply if we own or operate the merchant, or if we mailed you the advertisement for the property 
or services.