VISA® CREDIT CARD DISCLOSURE
Wings
FINANCIAL
INTEREST RATES & INTEREST CHARGES
VISA SIGNATURE
VISA PLATINUM
VISA SELECT
(Variable)
(Non-Variable)
(Non-Variable)
Annual Percentage Rate (APR) for Purchases:
12.9%
The APR will vary with the market based on the Prime Rate.
8.9%
15.5%
APR for Balance Transfers:
12.9%
The APR will vary with the market based on the Prime Rate.
8.9%
15.5%
APR for Cash Advances:
17.9%
The APR will vary with the market based on the Prime Rate.
8.9%
15.5%
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge you
interest on purchases if you pay your entire balance by the due date each month.
We will begin charging interest on cash advances
We will begin charging interest on cash advances
on the transaction date.
and balance transfers on the transaction date.
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a credit card, visit the website
Consumer Financial Protection Bureau
of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore
FEES
Transaction Fees: Foreign Transaction
1% of each transaction in U.S. dollars.
Penalty Fees: Late Payment
up to $25
Returned Payment
up to $25
How we will calculate your balance: We use a method called "average daily balance (including new purchases)'
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in the Wings Credit Card Agreement and Truth-in-Lending Disclosure.
Rates are effective as of 8/15/2013 and are subject to change. Call 1 800 692-2274 for current rate information.
ISPSCUINS48 08-13
ISPSCUINS48_Visa Sig_CredCrd Tabular Discl-8-19-13_v9.indd 1
8/20/13 1:03 AM
3. Finance Charges. You can avoid the finance charge (interest on
charge on that balance so as to avoid continuing accrual of finance
or our decision that you are no longer a good credit risk. Such
purchases by paying the full amount of the New Balance of
charge on that amount. Purchases and cash advances will be paid off
Wings
VISA
termination by us does not affect your obligation to pay us the
Purchases each month within 25 days of your statement closing date.
in the order they were posted to your Account. If two or more pur-
Account balance. "Line-of-Credit" may also be called "Credit Limit" in
Otherwise, the New Balance of Purchases, and subsequent purchases
chases were posted on the same day, your payment will be applied
this Agreement and in your monthly statement.
MasterCard
from the date they are posted to your Account, will be subject to a
to the smallest purchases first. You will be responsible for all matters
10. Credit Information. At any time we may request, and you will
FINANCIAL
finance charge. Cash Advances are always subject to a finance charge
shown on each monthly statement unless you notify us in writing of
give, information to us as we deem necessary to reevaluate your
from the date they are posted to your Account. The finance charge will
any dispute within 60 days after the statement date in the manner
Account or credit worthiness. You authorize us to investigate
be applied to the average daily principal balances of purchases and
required by the notice entitled "Your Billing This Notice
your credit standing at any time, and you authorize us to disclose
CREDIT CARD AGREEMENT AND
cash advances of your Account. We figure the finance charge on your
For Future Use" included in this Agreement.
information regarding your account to credit bureaus and other
account by applying the periodic rate to the "average daily balance"
6. Default. You will be in default if you fail to make any Minimum
creditors who ask us about your credit standing. We will take
TRUTH-IN-LENDING DISCLOSURE
of your Account (including current transactions). To get the "average
Payment within 25 days after the monthly statement closing date.
reasonable steps to protect your rights under Federal and State law.
daily balance" we take the beginning balance of your Account
You will also be in default if:
each day, add any new purchases, cash advances, and subtract any
11. Using the Card. To make a purchase or cash advance, there
payment or credits and unpaid finance charges and fees. This gives us
a) upon an adverse reevaluation of your creditworthiness,
are two alternative procedures that you may follow. One is for you
This is your Credit Card Agreement and Truth-In-Lending Disclosure.
the daily balance. Then we add up all the daily balances for the billing
b) there are bankruptcy or insolvency proceedings involving you,
to present the Card to a participating plan merchant, to us, or to
c) you die,
Please read and file with your records. This Agreement and Disclsure,
cycle and divide the total by the number of days in the billing cycle.
another financial institution, and sign the sales or cash advance draft
required by law, states the terms and conditions governing your
This gives us the "average daily balance."
d) you make a misrepresentation in connection with your Account,
which will be imprinted with your Card. The other is to complete the
e) you default on any obligation to us, under this Agreement or
account(s).
transaction by using your Personal Identification Number (PIN)
otherwise,
4. Other Charges. The following charges, when applicable, may be
together with the Card in an Automated Teller Machine or other type
In this Agreement the words "you" and "your" mean each and all
charged to your Credit Card Account; returned payment fee up to
f) you cancel your membership with us,
of electronic terminal that provides access to the Credit Card system.
of those who apply for the Credit Card. "We", "us", and "ours"
$25, replacement fee for lost card $10, late payment fee up to $25,
g) you exceed your Line-of-Credit.
The monthly statement will identify the merchant, electronic terminal,
mean Wings Financial Credit Union, located with its main office in
statement copy fee $2, and copy of charge slip $2. A fee may be
We have the right to demand immediate payment of your full account
or financial institution at which transactions were made. Sales, cash
Minnesota. "Card" means the Credit Card and any duplicates and
imposed for a transaction or balance inquiry at an ATM by an ATM
balance if you are in default. If permitted by law, you will also be
advance, credit or other slips will not be returned with the monthly
renewals we issue. "Account" means your Credit Card Line-of-Credit
operator or by a national, regional, or local network used to complete
required to pay our collection expenses, including court costs and
statement. You will keep the copy of the slips furnished at the time
account with us.
a transaction.
reasonable attorney's fees.
of the transaction in order to verify the monthly statement. There is a
BY KEEPING THE CREDIT CARD, SIGNING IT, USING IT, OR
limitation of 20 transactions per day.
5. Monthly Statement and Payments. If you have a balance in excess
7. Lost Card Notification. If you believe your Card has been lost or
PERMITTING ANOTHER TO USE IT, YOU AGREE TO ALL THE TERMS
of $1.00, we will mail to you, on a date selected by us, a periodic
stolen, you will immediately call the Credit Card Lost/Stolen number at
12. Returns and Adjustments. Merchants and others who honor
AND CONDITIONS OF THIS AGREEMENT.
monthly statement listing all amounts you owe on this account.
(800) 449-7728. Address all written correspondence to Card Services,
the Card may give credit for returns or adjustments, and they will do
1. Effect of Agreement. This Agreement is the contract which
You agree to examine the statement upon receipt and immediately
Wings Financial Credit Union, 14985 Glazier Avenue, Apple Valley,
so by issuing a credit slip which will be posted to your Account. If your
applies to all transactions on your Account even though the sales,
notify us of any charge or item which you believe is an error or subject
MN 55124.
credits and payments exceed what you owe us, we will apply this credit
cash advance, or credit slips you sign or receive may contain
to dispute. If you do not notify us within 60 days of the billing date
balance against future purchases and cash advances to your Account.
8. Liability for Unauthorized Use Under Federal Law. Any Card or
different terms. Subject to applicable law, we may amend this
of such inaccuracies, the statement will be considered by us to be
If this credit balance is $1.00 or more, we will refund it per your written
other credit instrument issued to you is the property of Wings Financial
Agreement including, but not limited to, changing the rate or method
accepted by you as correct. Every month you must pay, in United States
request.
Credit Union, and must be returned to us immediately upon demand or
of determining the finance charge, by sending you the advance
dollars, at least the Minimum Payment required within 25 days of your
upon notice of cancellation or withdrawal of the Card.
13. Foreign Transactions. Purchases and cash advances you make
written notice as required by law. To the extent the law permits, and
statement closing date as shown on your monthly statement. You may,
in foreign countries currencies will be billed to you in U.S. dollars.
we indicate in our notice, amendments will apply to your existing
of course, pay more frequently, pay more than the Minimum Payment,
If your statement shows transfers that you did not make, tell us at
The conversion to dollars will be made according to the operating
account balances as well as to future transactions.
or pay the Total New Balance in full, and reduce the finance charge by
once. If you do not tell us within sixty (60) days after the statement was
regulations for international transactions established by VISA
doing SO. The Minimum Payment will either be:
mailed to you, you may not get back any money you lost after the sixty
2. Responsibility: Joint Account. If we issue a Card to you, you
International, Inc. Currently, those Regulations provide that the
a) three percent (3%) of your total New Balance or $10.00, whichever
(60) days if we can prove that we could have stopped someone from
agree to repay all debts and the finance charge from the use of your
currency conversion rate to be used is either a wholesale market
taking the money if you had told us in time. If a good reason (such as
Card and the Account. For example, you are responsible for charges
is greater, or
rate or a government mandated rate in effect one day prior to the
b) your Total New Balance, if it is less than $10.00, plus
a long trip or hospital stay) kept you from telling us, we will extend the
made by you, your spouse, and minor children. You cannot transfer or
processing date, increased by one percent (1%). For transactions
assign your account to another person. You are responsible for charges
c) any portion of the Minimum Payment(s) shown on prior statement(s)
time period.
involving your MasterCard, you will be charged 1% calculated on
Business or organization accounts in which ten or more cards
made by anyone else to whom you give the Card, and this responsibility
which remains unpaid.
the final settlement amount for transactions that are initiated in a
have been issued to employees or associates are not subject to the
continues until the Card is recovered. You cannot avoid responsibility
In addition, at any time your Total New Balance exceeds your Credit
foreign country. In either case, the currency conversion rate in effect
limitations on liability.
by notifying us, but we will close the Account as soon as possible
Limit, you must immediately pay the excess upon our demand. We will
on the processing date may differ from the rate in effect on the trans-
for new transactions after you request and return all Cards. Your
apply your payments in the following order:
9. Credit Line. You agree not to let the account balance exceed the
action date or the posting date. The currency conversion rate used
obligation to pay the Account balance continues even though an agree-
approved Line-of-Credit. Each payment you make on the Account
may be the same as, greater than or less than the amount that would be
a) to the previously billed and unpaid finance charge on purchases,
ment, divorce decree or other court judgement to which we are a party
will restore your Line-of-Credit by the amount of payment which is
calculated by conversion through a financial institution in the country
b) to the previously billed and unpaid finance charge on
may direct you or one of the other persons responsible to pay the
applied to the principal. You may request an increase in your Line-
in which the purchase or advance occurred. We do not determine the
cash advances,
Account. Any person using the Card is jointly responsible with you for
of-Credit, which must be approved by us, by calling or writing us.
currency conversion rate which is used and we do not receive any
c) to cash advances,
charges he or she makes. Any person who signs the Card becomes a
We may, at our discretion, increase your Line-of-Credit from time to
portion of the currency conversion rate.
d) to previously billed purchases,
party to this Agreement and is jointly responsible for all charges on the
time upon notifying you in writing of the increase. giving you written
e) to new purchases, whether or not billed on the monthly statement.
14. Irregular Payments. We may accept late payments, partial
Account, including yours.
notice we may reduce your Line-of-Credit at any time. We may also,
payments, and checks marked "Payment in Full" and disregard such
However, any payment equal to, or greater than, the Previous Balance
with good cause, revoke your Card and terminate this Agreement.
statements (or accompanying) without waiving or losing any right to
of Purchases will be applied first to that balance and any finance
Good cause includes your failure to comply with this Agreement,
demand payment as set forth in this Agreement.
M-110502 10/13
15. Termination. You may terminate this Agreement at any time
NOTICE YORK RESIDENTS: connection with your application
YOUR BILLING RIGHTS
Special rule for credit card purchases. If you have a problem with the
without reason by notifying us in writing. Upon termination you will
for credit, we may request a consumer report. If you make a request,
(Keep this notice for future use)
quality of goods or services that you purchase with a credit card and
return your cards, which you will have cut in half. Your obligations
we will advise you whether such a report was ordered and the name
This notice contains important information about your
you have tried in good faith to correct the problem with the merchant,
under this Agreement, and any subsequent amendments made to it,
and address of the consumer reporting agency that provided the
rights and our responsibilities under the
you may not have to pay the remaining amount due on the goods or
will continue until the balance due on the Account is paid.
report. New York residents may contact the New York State Banking
Fair Credit billing Act.
services. You have this protection only when the purchase price was
16. Skip Payment Option. At the option of Wings Financial, a
Department to obtain a comparative listing of credit card rates, fees and
more than $50.00 and the purchase was made in your home state or
minimum payment may be waived during certain billing cycles.
grace periods. New York State Banking Department 1-800-518-8866
Notify us in case of errors or questions about your statement.
within 100 miles of your mailing address. (If we own or operate the
If you think your bill is wrong, or if you need more information about a
If such a waiver occurs, finance charges will continue to apply to the
NOTICE TO OHIO RESIDENTS: The Ohio laws against discrimination
merchant, or if we mailed you the advertisement for the property or
transaction on your bill, write to us on a separate sheet of paper at
Account during the skip payment billing cycle. Beginning with the
require that all creditors make credit equally available to all
services, all purchases are covered regardless of amount or location of
Customer Service, P.O. Box 31112, Tampa, FL 33631-3112. Write to us as
billing cycle following the skip payment, all provisions of the
creditworthy customers and that credit reporting agencies maintain
purchase.)
soon as possible. We must hear from you no later than 60 days after
Agreement shall apply.
separate credit histories on each individual upon request. The Ohio
we sent you the first bill on which the error or problem appeared. You
IMPORTANT SECURITY INTEREST NOTICE
17. Refusal to Honor. We are not responsible for the refusal of any Plan
Civil Rights Commission administers compliance with this law.
can telephone us at 1-800-692-2274, but doing so will not preserve your
Pledge of Deposits for Repayment of Credit Card
Merchant or financial institution to honor your card.
NOTICE TO MARRIED WISCONSIN RESIDENTS: No provision of a
rights.
By accepting (evidenced by use) the enclosed card, you grant Wings
18. Governing Law. This Agreement and my account shall be
marital property agreement, a unilateral statement under Sec. 766.59,
In your letter give us the following information:
Financial a Security Interest in all shares, deposits and dividends now
governed by Minnesota law and the laws of the United States.
Wis. Stats. or a court decree under Sec. 766.70 Wis. Stats., adversely
a) Your name and account number.
or in the future held in the name of all credit card account owners at
affects the interest of the creditor unless the creditor, prior to the time
19. Successors and Assigns. You agree that Wings Financial may at any
b) The dollar amount of the suspected error.
Wings Financial (excluding funds held in an Individual Retirement
the credit is granted is furnished a copy of the agreement, statement
c) Describe the error and explain, if you can, why you believe there is
Account).
time assign or transfer to another person your account, your account
or decree or has actual knowledge of the adverse provision when the
balance, on this Agreement. You will not assign or transfer any of your
an error. If you need more information, describe the item you are not
obligation to the creditor is incurred. You are married and this account
The Security Interest secures payment of all credit card indebted-
sure about.
rights or duties under this Agreement. This Agreement is binding upon
is being opened in the interest of your marriage or family.
ness, including all future advances, and gives Wings Financial the right
your heirs and legal representatives.
If you have authorized us to pay your credit card automatically from
to deduct all or part of the credit card debt due if payment is not
NOTICE TO CALIFORNIA RESIDENTS: If you are married, you may
your savings or checking account, you can stop the payment on any
20. Other Provisions. If any part of this Agreement is not valid, all other
timely made.
apply for credit in your own name. Under California law our rights to
amount you think is wrong. To stop the payment, your letter must reach
parts will remain enforceable.
recover credit extended to you for credit card purchases is subject to
us three business days before the automatic payment is scheduled to
If you do not agree to the Security Interest pledge, please cut up
21. Automatic Payment Option. If you have requested the Automatic
any defenses that you have against the seller if: (1) the purchase price
the enclosed card(s) and return to: Card Service, Wings Financial
occur.
Payment option, all Minimum Payments due will automatically be
of the item in question exceeded $50; (2) the purchase was made in
Credit Union, 14985 Glazier Avenue, Apple Valley, MN 55124
deducted from your designated share savings or checking account
California; (3) you made a written demand on the retailer and made a
Your rights and our responsibilities after we receive your
written notice.
balance on any payment due date. If your account does not contain
good faith attempt to get satisfaction of your complaint; (4) you notify
sufficient funds on the payment due date, no automatic deduction will
us in writing of the name of the seller, the date of purchase, the price
We must acknowledge your letter within 30 days, unless we have
be made and you will be assessed a service charge up to $25.
paid, the goods or services purchased, the nature of your defense,
corrected the error by then. Within 90 days, we must either correct the
22. Copy Received. You acknowledge receipt of a copy of this
and the acts which you took to obtain satisfaction from the seller.
error or explain why we believe the statement was correct.
Agreement.
The amount to which the defense applies is limited to the amount
After we receive your letter, we cannot try to collect any amount you
outstanding on the purchase as well as late charges and Finance
question or report as delinquent. We can continue to bill you for the
23. Signature Authorized. By accepting this Agreement, you authorize
Charges at the time the written demand is received by you. This
amount you question, including the finance charge, and we can apply
any of our offices to sign on your behalf a copy of this Agreement, as
remedy is the only one you have against us. Your rights are limited to
any unpaid amount against your credit limit. You do not have to pay
amended or supplemented from time to time, if your signature on a
those circumstances outlined in California Civil Code Section 1747.90.
any questioned amount, while we are investigating, but you are still
copy of this Agreement is required by law.
Purchases with cash or check are not included in this section even
obligated to pay the parts of your bill that are not in question.
24. ATM Security. Do not write your PIN on your card or keep your PIN
though you used your credit card to validate your credit. We cannot
penalize you by either giving out unfavorable credit information
If we find that we made a mistake on your bill, you will not have to pay
in your purse or wallet or anywhere else where someone might find
it and associate it with your card. Do not use an ATM machine unless
about you or canceling or refusing to renew your credit card solely
any finance charge related to the questioned amount. If we didn't make
it appears safe to do so. Do not key in your PIN if someone is looking.
because you obtained relief under the remedies you have for
a mistake, you may have to pay the finance charge, and you will have
Be sure you take your card and receipt when you are done. Put your
correcting billing errors.
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
money away quickly and leave the site.
that it is due.
25. Legal Use of Account. Cards issued may be used for any
If you fail to pay the amount that we think you owe, we may report
transaction permitted by law. You agree that illegal use of the card
you as in default. However, if our explanation does not satisfy you and
will be deemed as an action of default and/or breach of contract
you write to us within ten days telling us that you still refuse to pay,
and the card may be terminated at the credit union's discretion. You
we must tell anyone that we report you to that you have a question
further agree, should illegal use occur, to waive the right to sue the
on your bill. And we must also tell anyone we report you to that the
credit union for such illegal activity directly or indirectly related to it
matter has been settled between us when it is finally settled.
and hold the credit union harmless from any suits or other legal action
or liability, directly or indirectly, resulting from such illegal use.