Horizon Credit Union
P.O. Box 15128
Spokane Valley, WA 99215
(800) 852-5316

CREDIT CARD AGREEMENT

IN  THIS  AGREEMENT, "YOU"  AND  "YOUR"  MEAN  ANY  PERSON  WHO  ACCEPTS  THIS  AGREEMENT  OR  USES  THE  CARD.  THE  "CARD"  MEANS  ANY  CREDIT  CARD  ISSUED  TO  YOU  OR  THOSE
DESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS HORIZON CREDIT UNION OR ITS SUCCESSORS. BY USING YOUR CARD, YOU
AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.

THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.
YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL  SECURITY
INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE
WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT OF
CREDIT  EXTENDED  UNDER  THIS  AGREEMENT. YOU  ALSO  AGREE
THAT WE  HAVE SIMILAR  STATUTORY LIEN  RIGHTS  UNDER  STATE
AND/OR  FEDERAL  LAW. IF  YOU ARE  IN  DEFAULT, WE  CAN APPLY
YOUR SHARES TO THE AMOUNT YOU OWE.
Shares  and  deposits  in  an  Individual  Retirement  Account  or  any  other
account that would lose special tax treatment under state or federal law if
given are not subject to this security interest.
If  you  have  other  loans  with  us,  collateral  securing  such  loans  will  also
secure your obligations under this Agreement, unless that other collateral
is your principal residence or non-purchase money household goods.

Using Your Card.  You can  purchase  or  lease  goods  and  services  from  any
merchant  who  honors  your  Card,  and  you  may  obtain  cash  advances  from
financial  institutions  and  ATM  machines  that  accept  the  Card,  up  to  your
maximum  credit  limit.  You agree  not  to  present  your  Card  or  obtain  a  cash
advance  for  any  extension  of  credit  in  excess  of  your  available  credit  limit;
however,  if  you  do  exceed  your  credit  limit,  you  agree  to  make  immediate
payment  sufficient  to  bring  the  balance  below  the  credit  limit.  Certain
purchases and cash advances require authorization prior to completion of the
transaction. In some cases, you may be asked to provide identification. If our
system  is  not  working,  we  may  not  be  able  to  authorize  a  transaction,  even
though you have sufficient credit available. Also, for security reasons, we may
block  the  use  of  your  Card  in  certain  countries  or  geographic  areas.  We will
have no liability to you or others if any of these events occur.

(PIN). We  may 

Identification  Number 

Personal 
issue  a  Personal
Identification  Number  (PIN)  for  use  with  your  Card.  This  PIN  is  confidential
and should not be disclosed to anyone. You may use your PIN and your Card
to access your account, and all sums advanced will be added to your account
balance.  In  the  event  a  use  of  your  PIN  constitutes  an  Electronic  Funds
Transfer,  the  terms  and  conditions  of  your  Electronic  Funds  Transfer
Agreement may affect your rights.

Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,
cash  advances,  and  balance  transfers  made  by  you  or  anyone  whom  you
authorize  to  use  the  Card;  (b)  all  Interest  Charges  and  all  other  charges  or
fees;  (c)  collection  costs  and  attorney's  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.

Illegal Transactions. You agree that your Card and account will not be used
to make or facilitate any illegal transactions as determined by applicable law;
and that any such use will constitute an event of default under this Agreement.
We may decline any transaction that we believe to be illegal under applicable
law,  including  but  not  limited  to  any  transaction  involving  or  relating  to  any
gambling activity. You agree that we will have no liability or responsibility for
any  such  use  by  you  or  any  authorized  user(s);  or  for  declining  any  such
transaction.  You further  agree  to  indemnify  and  hold  us  harmless  from  any
suits,  liability, damages  or  adverse  action  of  any  kind  that  results  directly  or
indirectly  from  such  illegal  use.  You promise  to  pay  us  any  and  all  amounts
owing on your Card for any transactions made by you, even if the transaction
is determined to be illegal.

Joint Accounts. Each of you will be responsible, jointly and severally, for the
repayment  of  amounts  owed,  regardless  of  who  initiated  any  transaction
under the account.

Others Using Your Account. If  you allow anyone else to use your account,
you will be liable for all credit extended to such persons. You promise to pay
for  all  purchases  and  advances  made  by  anyone  you  authorize  to  use  your
account,  whether  or  not  you  notify  us  that  he  or  she  will  be  using  it.  If
someone  else  is  authorized  to  use  your  account  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 that Card with your written notice for it to be effective.

Ownership  of  Card. Your  Card  remains  our  property  and  may  be  cancelled
by  us  at  any  time  without  notice.  You agree  to  surrender  your  Card  and  to
discontinue use of the account immediately upon our request.

Interest Charges. You agree to pay interest at the rate(s) disclosed to you at
the time you open your account and as may be changed from time to time in
accordance  with  applicable  law.  Average  Daily  Balance  including  new
transactions:  Interest  Charges  will  accrue  on  your  average  daily  balance
outstanding during the month. To get the average daily balance, we take the
beginning  balance  each  day,  add  any  new  purchases,  cash  advances,
balance  transfers  or  other  advances,  and  subtract  any  payments,  unpaid
interest  charges,  and  unpaid  late  charges.  This  gives  us  the  daily  balance.
Then, we add up all the daily balances for the billing cycle and divide that by
the number of days in the billing cycle. We then multiply that by the periodic
rate  corresponding  to  the  Annual  Percentage  Rate  on  your  account.  If  you
have  different  rates  for  purchases,  cash  advances  or  balance  transfers,
separate  average  daily  balances  for  each  will  be  calculated  and  the
appropriate periodic rate is then applied to each.
Grace  Period  on  Purchases  Only:  You  can  avoid  Interest  Charges  on
purchases by paying the full amount of the new balance for purchases each
month by the date on which the payment is due. Otherwise, the new balance
of your account, and subsequent advances from the date they are posted to
the account, will be subject to an Interest Charge. You cannot avoid Interest
Charges on cash advances and balance transfers; even if you pay the entire
cash advance balance or balance transfer balance by the payment due date,
you will incur the Interest Charges accrued from the date the cash advance or
balance transfer is posted to your account.

Fees.  In  addition  to  the  Interest  Charges  set  forth  above,  you  agree  to  also
pay  any  and  all  fees  that  you  incur  as  disclosed  to  you  on  your  Truth-in-
Lending  Statement  or  similar  disclosures  (as  may  be  amended  from  time  to
time), or as disclosed to you during the term of your Card.

If  Your  Card  is  Lost  or  Stolen  or  if  an  Unauthorized  Use  Occurs. You
agree  to  notify  us  immediately  if  your  Card  is  ever  lost  or  stolen  or  if  an
unauthorized  use  may  have  occurred.  "Unauthorized  use"  means  the  use  of
the  Card  by  someone  other  than  you  who  does  not  have  actual,  implied  or
apparent authority for such use, and from which you receive no benefit. The
telephone number to call is (509) 928-6494 or (800) 852-5316. You agree to
follow  up  your  call  with  notice  in  writing  to  us  at:  P.O.  Box  15128,  Spokane,
WA  99215.  You  also  agree 
facts,
circumstances  and  other  pertinent  information  relating  to  any  loss,  theft  or
possible unauthorized use of your Card and comply with such procedures as
we may require in connection with our investigation. You will be liable for any
unauthorized use only if we can prove that you were negligent in your use or
handling of your Card, or if we can prove that you used your Card fraudulently.

in  determining 

to  assist  us 

the 

Minimum Payment Due; Crediting of Payments. Payments are due in the
amount and on the date disclosed on your billing statement. If your payment
is  received  by  us  on  a  business  day  at  the  address  and  by  the  time
designated on the billing statement, it will be credited to your account on the
date  of  receipt.  If  payment  is  made  at  any  location  other  than  the  address
designated  on  the  periodic  statement,  credit  for  such  payment  may  be
delayed  up  to  five  (5)  days.  Payments  will  be  applied  in  any  order  we
determine, subject to applicable law.

9011 LASER FPDF FI17805 Rev 3-2021

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

IN  THIS  AGREEMENT, "YOU"  AND  "YOUR"  MEAN  ANY  PERSON  WHO  ACCEPTS  THIS  AGREEMENT  OR  USES  THE  CARD.  THE  "CARD"  MEANS  ANY  CREDIT  CARD  ISSUED  TO  YOU  OR  THOSE
DESIGNATED BY YOU UNDER THE TERMS OF THIS AGREEMENT. "WE", "US", "OUR" AND THE "CREDIT UNION" MEANS HORIZON CREDIT UNION OR ITS SUCCESSORS. BY USING YOUR CARD, YOU
AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN.

Default; Acceleration; Credit Suspension; Collection Costs. You will be in
default if: (1) you fail to make any payment on time; (2) if you fail to keep any
promises  you  have  made  under  this Agreement  or  under  other Agreements
you have with us; (3) if you die; (4) if you file a petition in bankruptcy or have a
bankruptcy  petition  filed  against  you,  or  if  you  become  involved  in  any
insolvency,  receivership  or  custodial  proceeding;  (5)  if  anyone  attempts  to
take any of your funds held by us via legal process or if you have a judgment
or  tax  lien  filed  against  you;  (6)  if  you  make  any  false,  inaccurate,  or
misleading statements in any credit application or credit update; or (7) if we, in
good  faith,  believe  that  your  ability  to repay  what you  owe is or soon  will  be
impaired, or that you are unwilling to make your payments.
If you are in default, we have the right to demand immediate payment of your
full  account  balance  without  giving  you  notice.  If  immediate  payment  is
demanded, you agree to continue paying interest charges and fees until what
you owe has been paid, and any shares that were given as security for your
account  may  be  applied  towards  what  you  owe.  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, subject to applicable law. Even
if  your  unpaid  balance  is  less  than  your  credit  limit,  you  will  have  no  credit
available during any time that any aspect of your account is in default.

Suspension  of  electronic  services  and  access  to  share  or  deposit
accounts. Subject  to applicable law, we may suspend some or all electronic
services  and  access  to  your  checking  or  other  account(s)  if  you  become
delinquent on any of your credit card or deposit obligations to us or you cause
a  loss  to  us.  We  shall  not  be  liable  to  you  in  any  regard  in  connection  with
such suspension of services.

Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time  offer
additional  services  to  your  Account  at  no  additional  cost  to  you.  You
understand that we are not obligated to offer such services and may withdraw
or change them at any time.

Convenience Checks. We may, at our discretion, issue checks to you which
may be used for any purpose other than making a payment for credit to your
account.  By  signing  such  check,  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.

Credit  Information.  We may  from  time  to  time  request  personal  information
from  you  or  obtain  credit  reports  from  the  credit  reporting  agencies  for  the
purpose of updating your credit status. Your failure to provide such information
when requested by us may result in suspension of credit privileges under this
Agreement,  including  your  ability  to  obtain  any  future  advances  by  any
means. You authorize us to investigate your credit standing when opening or
reviewing  your  account.  You authorize  us  to  disclose  information  regarding
your  account  to  credit  bureau  and  creditors  who  inquire  about  your  credit
standing.

constitutes  agreement  and  acceptance  of  any  change  in  terms,  unless
applicable law requires otherwise. Our failure to exercise any of our rights or
to  take  any  action  shall  not  constitute  a  waiver  of  those  rights,  or  an
amendment or change in any of the terms of this Agreement.

total 

increase  your 

Late  or  Partial  Payments. Any  payment  that  delays  the  reduction  of  your
balance  will 
interest  costs.  Partial  payments  or
prepayments will not delay your next scheduled payment - you will still need
to make the minimum scheduled payment by the next scheduled due date to
keep your account current. We may accept late payments, partial payments,
checks  or  money  orders  marked  "payment  in  full"  and  such  action  shall  not
constitute  final  settlement  of  your  account  or  a  waiver  or  forgiveness  of  any
amounts owing under this Agreement.

Enforcement. We do not lose our rights under this or any related agreement
if we delay enforcing them. If any provision of this or any related agreement is
determined  to  be  unenforceable  or  invalid,  all  other  provisions  remain  in  full
force and effect.

Returns and Adjustments. Merchants  and others who honor the Card may
give  credit  for  returns  or  adjustments,  and  they  will  do  so  by  submitting  a
credit slip which will be posted to your account. If your credits and payments
exceed what you owe us, the amount will be applied against future purchases
and  cash  advances.  If  the  credit  balance  amount  is  $1  or  more,  it  will  be
refunded upon your written or verbal request.

Plan Merchant Disputes. We  are not responsible for the refusal of any plan
merchant  or  financial  institution  to  honor  your  Card.  Also,  we  are  not
responsible for goods or services that you purchase with the Card unless: (a)
your  purchase  was  made  in  response  to  an  advertisement  we  sent  or
participated in sending you; or (b) your purchase cost more than $50 and was
made  from  a  plan  merchant  in  your  state  or  within  100  miles  of  your  home;
and  only  if  you  have  made  a  good  faith  attempt,  but  have  been  unable  to
obtain  satisfaction  from  the  plan  merchant.  You  must  resolve  all  other
disputes directly with the plan merchant. We do not warrant any merchandise
or services purchased by you with the Card.

Statements and Notices. Statements and notices will be mailed to you at the
most recent postal address or e-mail address (if you have elected to receive
such documents via electronic means) you have given us. Notice sent to any
one of you will be considered notice to all.

Notification  of Address  Change.  You  will  notify  us  promptly  if  you  change
your  address  for  any  reason.  In  order  to  prevent  identity  theft,  your  identity
may need to be verified before we act upon the notification.

Copy  Received. You  acknowledge  that  you  have  received  a  copy  of  this
Agreement.

Foreign  Transactions;  Currency  Conversion. Purchases 
and  cash
advances made in foreign currencies will be billed to you in U.S. dollars. The
conversion rate in dollars will be a rate selected by the card company from a
range  of  rates  available  in  wholesale  currency  markets  for  the  applicable
central processing date, which rate may vary from the rate the card company
itself  receives,  or  the  government-mandated  rate  in  effect  for  the  applicable
central  processing  date  in  each  instance. All  transactions  processed  outside
of the United States (which may include internet transactions) will be charged
a  foreign  transaction  fee  in  the  amount  disclosed  on  your  Truth-in-Lending
Statement (as amended from time to time).

Governing  Law. This  Agreement  shall  be  construed  under  federal  law  and
state law in the state in which we are primarily located, and the venue shall be
located  in  the  county  and  state  in  which  we  are  primarily  located.  Operating
regulations of Visa may also apply. This Agreement is the contract that applies
to all transactions even though the sales, cash advance, convenience check,
credit or other slips you sign or receive may contain different terms.

NOTICE  TO  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.

Termination;  Change-in-Terms.  We  may,  by  written  notice,  terminate  this
Agreement  at  any  time,  subject  to  applicable  law.  You  may  terminate  this
Agreement by written notice. Termination by either party shall not affect your
obligation  to  repay  any  balance  on  your  account  resulting  from  use  of  the
Card  as  well  as  Interest  Charges  and  fees  incurred.  We  may  change  the
terms of this Agreement, including the method of calculating the periodic rate,
at  any  time,  by  written  notice,  subject  to  applicable  law.  Use  of  the  Card
(cid:9)

9011 LASER FPDF FI17805 Rev 3-2021

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:
The following applies if at the time this loan is made you are an active member of the military or a dependent (as those terms are defined in the Military
Lending Act (MLA), 10 U.S.C. 987 and its implementing regulations (“MLA”)), and (a) your loan is unsecured or secured by personal property or a vehicle
that you did not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If this loan is a revolving
line of credit or credit card, the MLA ceases to apply at any time during which you are not a member of the military or a dependent (as defined in the MLA).
1.

NOTICE: 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 of 36
percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums or debt protection
fees;  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). To receive
this notice verbally, please call 1-800-852-5316 24 hours a day, 7 days a week.

2.

3.

4.

This loan will not be secured by a consensual lien on shares or deposits in any of your accounts unless you agree to establish an account in connection
with this loan (“Secured Account”). Only funds deposited into the Secured Account after the loan is made will secure this loan. Any cross-collateralization
provision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subject
to the Military Lending Act.
However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply the
sums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.
Any reference in this consumer credit contract to the following are hereby inapplicable to your loan: (a) Mandatory arbitration; (b) Any requirement(s) to
waive your rights to legal recourse under any applicable state or federal law; (c) Any demands or requirements construed as unreasonable notice from
you in order to exercise your legal rights; or (d) Prepayment penalties.

Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory to
these disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other terms
and conditions of the consumer credit contract shall remain in full force and effect.

YOUR BILLING RIGHTS - KEEP THIS NOTICE 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 the address(es)
listed on your statement.

In your letter, give us the following information:

1.
2.
3.

Your name and account number.
The dollar amount of the suspected error.
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. 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.

2.

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.
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 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 may 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.

2.

3.

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.)
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.
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 at the address(es) listed on your statement.
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.

CARDHOLDER'S SIGNATURES

By signing below, you acknowledge that you have read, understand and accept the terms and conditions of the Credit Card Agreement and Truth-in-Lending
Statement. You acknowledge that you have received copies of these documents. You also understand and agree that by using your card or accessing proceeds
from the credit card account, you are bound to the aforementioned documents.

Negative Information Notice: We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults
on your account may be reflected in your credit report.
IMPORTANT NOTICE ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record
information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date
of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

BORROWER'S SIGNATURE

DATE

CO-BORROWER'S SIGNATURE

DATE

X

9011 LASER FPDF FI17805 Rev 3-2021

X

page 3 of 6

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

APPLICATION, DISCLOSURES, AND PROGRAM AGREEMENT for DEBT PROTECTION PLAN

This  Product  is  Optional.  Your purchase  of  the  Debt  Protection  Plan  (“Plan”)  is  optional.  Whether  or  not  you  purchase  this  protection  will  not  affect  your
application for credit or the terms of any existing credit agreement you have with the Financial Institution. You may cancel the Program at any time. See the
Program Agreement for an explanation of how the Program may be terminated.

I ELECT: (Check only  one box)

Short-Term Loans:

PLAN 1: Plan # 542600

Single

Joint

Death:
Disability:
Involuntary Unemployment:
Hospital Stay:

Cancels loan balance
Cancels up to 6 Payments
Cancels up to 3 Payments
Cancels up to 1 Payment

PLAN 2: Plan # 542601

Single

Joint

Death:
Disability:
Hospital Stay:

Cancels loan balance
Cancels up to 6 Payments
Cancels up to 1 Payment

PLAN 3: Plan # 542602

Single

Joint

Death:
Hospital Stay:

Long-Term Loans:

Cancels loan balance
Cancels up to 1 Payment

PLAN 4: Plan # 542603

Single

Joint

Death:
Disability:
Involuntary Unemployment:
Hospital Stay:

Cancels up to 6 Payments
Cancels up to 6 Payments
Cancels up to 3 Payments
Cancels up to 1 Payment

PLAN 5: Plan # 542604

Single

Joint

Death:
Disability:
Hospital Stay:

Cancels up to 6 Payments
Cancels up to 6 Payments
Cancels up to 1 Payment

PLAN 6: Plan # 542605

Single

Joint

Death:
Hospital Stay:

Cancels up to 6 Payments
Cancels up to 1 Payment

Cost:

Open-end Loans:
per $1,000 of monthly outstanding loan balance

$4.25

$2.19

$1.28

$1.78

$0.87

$0.37

*Benefit Maximums:

Death Protection under Plans 1-3 cancels a maximum of $75,000.
Cancellations listed are per occurrence.
Monthly cancellations for Short-term Loans are limited to $1,000 per month, and $15,000 over the term of the loan, per
each Protected Event and per each protected Borrower.
Monthly cancellations for Long-term Loans are limited to $1,500 per month, and $18,000 over the term of the loan, per
each Protected Event and per each protected Borrower.

No, I do not wish to apply for the voluntary Payment Protection Plan at this time. _______ (Borrower 1 initials) _______ (Borrower 2 initials)

Application Eligibility:
To be eligible to apply, I must meet the following conditions. By signing this Application, I am stating that: (1) I am under age 70; (2) If applying for Death or Disability
protection: During the last 2 years, I have not been advised of or treated for: cancer, heart attack or coronary artery disease, stroke, cirrhosis, AIDS, or any disorder
of  my  immune  system,  or  had  any  test  showing  evidence  of  antibodies  to  the AIDS  virus  (a  positive  HIV  test);  (3)  if  applying  for  Disability  or  Unemployment
protection: I am presently working twenty-four (24) or more hours per week; (4) If applying for Involuntary Unemployment: I am not self- employed.

Seasonal Workers: Whether you qualify for Involuntary Unemployment Benefits at the end of your seasonal employment will depend on whether you
qualify for your state’s unemployment benefits.

Email Communication: By signing this application, you acknowledge and agree that our administrator can (1) send you claims forms or other administrative forms
to the email address that you provide to us and (2) otherwise communicate to you via email in order to administer your coverage if you activate your protection. Our
administrator does not sell your information and will not use your email address for any purpose other than as outlined herein.

BORROWER'S SIGNATURE

I acknowledge and agree that: (a) I  meet the eligibility requirements listed above. If it is discovered that I do not meet the eligibility requirements above, my
participation  in  the  Plan  will  be  terminated,  I  will  receive  a  refund  of  any  fees  paid,  and  an  otherwise  valid  claim  will  be  denied.  (b) I  have  received  the
disclosures herein and have thoroughly read the Debt Protection Program Agreement (“Agreement”), and agree to abide by the terms of the Agreement; (c) I
authorize the Plan fees to be added to my loan each month; and (d) I understand that I may not be eligible for all benefits contained in the Plan. This document
is hereby incorporated into Borrowers loan documentation as if fully set forth therein. There are eligibility requirements, conditions, and exclusions that
could prevent you from receiving benefits under the Program. See the Program Agreement for details.

BORROWER 1 SIGNATURE

DATE

X

BORROWER 2 SIGNATURE (If applying for Joint Protection)
X

DATE

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

PROGRAM AGREEMENT for PAYMENT PROTECTION PLAN

As used in this Debt Protection Plan Program Agreement (“Agreement”), “You”, “Your” or “Borrower” means the person(s) who are obligated to repay a loan to us who have purchased debt
protection under this Agreement. “We”, “Our”, “Us” means, Horizon Credit Union, P.O. Box 15128, Spokane, WA 99215. “Plan Administrator” means Minnesota Life Insurance Company, 400
Robert Street North, St. Paul, Minnesota, 55101, or one of its affiliates, or a contracted third party.
This Agreement amends your loan or credit agreement. By enrolling in this Debt Protection Plan (“Plan”), you agree to abide by the terms of this Agreement. The Debt Protection Application is a
part of this Agreement and is hereby incorporated as if fully set forth herein.

DEFINITIONS
Effective Date means that date on which your Plan becomes effective, which is: the later of (1) the date you enroll in, and your eligibility is approved for, the Plan; or (2) the date of your first
advance under a protected multi-featured lending plan.
Working twenty-four (24) or more hours per week: This term means that you are actively working for income for twenty-four (24) hours or more per week. Working means actually performing
your job duties and not off of work due to leave of absence; layoff; routine or seasonal work interruption; or any other reason.
Outstanding Balance and Payment: “Outstanding Balance” means the outstanding loan balance as of the date a Protected Event occurs. “Payment” means the minimum monthly loan payment
scheduled under your loan agreement. Outstanding Balance and Payment both refer to the protected amount under the Plan and include principal, interest, the Plan fee and any amounts which
the creditor and borrower agreed to finance as part of the loan at the time the credit is extended. It does not include late fees or other fees; real estate taxes or property insurance premiums; or
any  amount  that  represents  defaults  in  scheduled  payments  of  either  interest  or  principal. A scheduled  lump-sum  Balloon  payment  will  only  be  protected  if  the  Protected  Event  cancels  the
Outstanding Balance. Additionally, any advance taken during any period of Involuntary Unemployment and Disability will not be protected and the payment for that advance will not be cancelled.
You will be responsible for re-paying any amounts that are not cancelled.
Pre-existing condition: means a condition for which you received or had medical treatment, advice or diagnostic tests either for that same condition or a related condition within the six-month
period immediately prior to the Effective Date and immediately prior to each and every advance taken. However, any Protected Event resulting from any such condition or a related condition will
not be excluded if the Protected Event commences six months or more after the Effective Date of protection or six months or more after the advance is taken.

TERMS OF PROTECTION

Who is eligible for protection?
This  Plan  protects  an  eligible  Borrower  (“Borrower  1”)  against  Protected  Events  that  occur  while  you  are  enrolled  in  the  Plan  (“Single  Protection”). At  no  additional  cost,  you  may  purchase
protection for a Co-Borrower (“Borrower 2”) against the Protected Events within the Plan purchased (“Joint Protection”). Co- signers, guarantors, and non-borrower owners of collateral are not
eligible for protection.
What types of loans are eligible for protection under the Plan?
The following types of loans are eligible for protection if the Plan is made available to you on that loan type:
Plans 1-3: closed-end loans if the loan has a term of less than 120 months; multi-featured consumer lending plans and consumer lines of credit; and credit cards
Plans 4-6: closed-end loans if the loan has a term of 120 months or more; and home equity lines of credit.
What is the Plan Fee and how is it collected?
The Plan Fee is the amount you pay for the Protection. It is calculated by applying the rate per $1,000 of your monthly outstanding balance or loan amount and will be charged and collected
monthly. For closed-end loans, if the Protection is purchased at loan closing, the fee becomes part of your required monthly loan payment. For open-end loans, the fee will be added to your
outstanding balance as an advance each month, increasing your minimum payment due. If Debt Protection is added after the start of a closed-end loan, the fee will be added to your outstanding
balance as an advance each month; in such a case, we may either increase your minimum monthly payment or extend the term of your loan. Interest will accrue on the debt protection advance. If
you fail to pay the fee, we can cancel the protection or, at our option, add the fee to your outstanding balance upon which it will accrue interest. Such addition may extend the term of your loan.
Can the Plan Fee and terms of this Agreement Change?
Yes. We can change the terms of this Agreement, including the rates, at any time. If we do so, you will be provided prior notice and an opportunity to cancel your Agreement under the Plan.
Can this Agreement be contested?
Yes. If we find that you did not meet the eligibility requirements at the time of your application, your protection under the Plan will be removed, you will receive a refund of fees paid, and an
otherwise valid claim will be denied.

PROTECTED EVENTS
The following describes the types of Protected Events and the protection afforded under each Plan:

DEATH (All Plans; Joint Protection Available)
What is the Death benefit?
Plans 1-3: For  each protected borrower, we will cancel the amount of your Outstanding Balance as of the date of death, up to $75,000. If two protected Borrowers die simultaneously, we will
cancel the Outstanding Balance, up to $75,000. In no event will an excess of $75,000 be cancelled.
Plans 4-6: If you, or your joint borrower covered under a Joint Plan, dies, we will cancel up to six (6) consecutive Payments as of the date of death. If both protected Borrowers die simultaneously,
we will cancel twelve (12) Payments. The maximum monthly cancellation is $1,500.
DISABILITY (Plans 1, 2, 4 & 5; Joint Protection Available)
What does Disability mean and how do I qualify for Disability?
Disability means your continuous inability, due to sickness or injury, to perform the substantial and material duties of your regular occupation perform the substantial and material duties of your
own  occupation  and  you  are  under  the  regular  care  and  treatment  of  a  licensed  physician  or  licensed  health  care  provider. To qualify  for  Disability  protection,  you  must  be  disabled  for  30
consecutive days. Benefits begin to accrue on the first (1st ) day that you are disabled.
What amounts are cancelled under the Disability protection?
For each occurrence of Disability, Iwe will cancel 1/30th of the Payment for each day that you are disabled beginning with the first (1st) day of Disability and continuing for up to six (6) Payment
cancellations. However, cancellations will immediately cease if you recover or return to work; or if the loan is paid off, is refinanced, or is discharged for any reason. Cancellation is limited to a total
of $15,000 over the term of the loan for Short-term Loans and $18,000 over the term of the loan for Long-term loans, regardless of the number of occurrences. The maximum monthly cancellation
is $1,000 for Short-term Loans and $1,500 for Long-term loans.
What if the same or related disability occurs?
Please see the “What if I suffer a recurrence?” question in the General Provisions section below.
INVOLUNTARY UNEMPLOYMENT (Plans 1 & 4; Joint Protection Available)
What does Involuntary Unemployment mean and how do I qualify for protection?
Involuntary Unemployment means that you involuntarily lost your employment in which you were actively working for income for twenty-four (24) hours or more per week, and are receiving, or
railroad unemployment benefits.

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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

To qualify for Involuntary Unemployment protection, the following requirements must be met:
1. You are involuntarily unemployed for 30 consecutive days; and
2. You are receiving unemployment benefits for the period of unemployment for which you are making a claim under this Agreement.
What amounts are cancelled under Involuntary Unemployment protection?
We will cancel 1/30th of the Payment for each day you are involuntarily unemployed, beginning with the first (1st) day of involuntary unemployment and continuing for (a) up to three (3) Payment
cancellations  per  occurrence  of  Involuntary  Unemployment;  or  (b)  until  you  discontinue  receiving  unemployment  benefits  for  any  reason;  or  (c)  you  regain  employment;  whichever  is  earlier.
Cancellation is limited to a total of $15,000 over the term of the loan for Short-term Loans and $18,000 over the term of the loan for Long-term loans, regardless of the number of occurrences.
The maximum monthly cancellation is $1,000 for Short-term Loans and $1,500 for Long-term loans.
HOSPITAL STAY (All Plans; Joint Protection Available)
What does Hospital Stay mean?
Hospital Stay means that you are admitted to a hospital due to a medical condition. The term “hospital” includes any licensed medical hospital or chiropractic hospital, acute care, convalescent
nursing, residential drug, psychiatric or hospice facility.
What is the Hospital Stay benefit?
If you are hospitalized for more than three (3) consecutive days, we will cancel one (1) Payment per occurrence. You can only receive one (1) cancellation over the term of the loan regardless of
how many times you are hospitalized. Cancellation is limited to a total of $15,000 over the term of the loan for Short-term Loans and $18,000 over the term of the loan for Long-term loans,
regardless of the number of occurrences. The maximum monthly cancellation is $1,000 for Short-term Loans and $1,500 for Long-term loans.

EXCLUSIONS

Exclusions apply to both the Outstanding Balance and any and all advances under a multi-featured consumer lending plan.
Benefits will not be provided under any Protected Event if the Protected Event:
(1) is due to suicide committed within the first 2 years of protection; (2) is due to an intentionally self-inflicted injury; (3) is due to a Pre-existing Condition; (4) results from war or any act of war,
whether declared or undeclared; (5) occurs on or after your 70th birthday; (6) results from the same occurrence for which you have already received benefits under this Agreement. Benefits will
also not be provided under one Protected Event if you are currently receiving benefits under another Protected Event.
The following exclusions apply in addition to the above:
Benefits will not be provided under Disability protection if:
(1) the disability is related to a normal pregnancy, normal childbirth, or elective abortions. Complications due to pregnancy or childbirth will only be protected if the complications themselves are
the cause of the disability.
Benefits will not be provided under Involuntary Unemployment protection if:
(1) your job is terminated because: (a) you retire; (b) you quit or resign your employment for any reason; (c) you lose your employment due to (i) willful or criminal misconduct; (ii) discharge from
active military service; (iii) disability caused by sickness or injury; or (iv) a strike, lockout, or labor dispute; (2) the involuntary unemployment commences within 90 days after your Effective Date.
Benefits will not be provided under Hospital Stay if:
The hospitalization commences within 90 days after the Effective Date.

GENERAL PROVISIONS

How do I obtain benefits and verify a Protected Event under the Plan?
To obtain benefits under the Plan, you must notify us of a Protected Event within 30 days or as soon as possible, but no later than six (6) months after the occurrence of the Protected Event, and
provide any documentation or information required by us at the time of your claim and/or throughout the period for which Payments are being cancelled. You must be able to verify the Protected
Event to our satisfaction. If your delay in filing a claim prevents us in any way from determining eligibility under the Plan, no benefit will be issued.
What if I sustain an unrelated injury or sickness while I am disabled?
If you are disabled (“original occurrence”) and sustain an additional sickness or injury which would be in and of itself disabling, the additional sickness or injury will not be considered a new
occurrence  of  Disability, but  rather  will  be  considered  the  same  occurrence.  This  means  that  you  will  receive  benefits  only  if  you  did  not  exhaust  your  maximum  per-occurrence  benefits  in
connection with the original occurrence.
What if I suffer a recurrence of the same or related Protected Event?
If you incur a claim for the same type of Protected Event again within six (6) months after you have recovered or returned to full-time work, we will consider this a continuation of the prior event.
(For disability, however, this only applies if you are disabled due to the same condition.) This means that the maximum number of cancellations per occurrence for the prior event will still apply; if
that maximum was already reached, no benefits will be issued. If you incur a claim for the same type of Protected Event again more than six (6) months after you have recovered or returned to
full-time work, we will consider this a new event and the terms and conditions of the Plan apply as if no prior event occurred. This provision applies whether you return to work full-time with the
same or different employer.
What is the status of my loan following the occurrence of a Protected Event?
During the time it takes to process your request for benefits, you are responsible for making your monthly payment by the due date. Once benefits begin, you are responsible for any difference
between the minimum payment due on the loan and the amount that is cancelled.
What if the term of my loan ends while I am receiving cancellations under the Plan?
Regardless  of  the  number  of  cancellations  you  may  otherwise  be  entitled  to,  cancellations  will  cease  if  the  loan  is  paid  off,  refinanced,  sold  or  transferred,  or  discharged  for  any  reason.
How can the Plan be terminated?
You may terminate this Agreement at any time by writing us at Horizon Credit Union, P.O. Box 15128, Spokane, WA 99215. If you do so within thirty (30) days of your enrollment in the Plan, we
will  credit  your  loan  account  for  any  fees  charged  for  this  protection.  We  can  terminate  this Agreement  by  giving  you  written  notice  at  least  thirty  (30)  days  in  advance  of  the  termination.
Termination by us or you will be effective on the first of the month following termination. Fees for the month in which notice of termination is received will still be due and collected from the loan
payment.
Your Plan participation will terminate without advance notice if (1) your loan is paid off, refinanced, sold or transferred, or discharged for any reason; (2) required loan payments are past due by
90 days or more; if you bring your loan current after your Protection has been terminated for delinquency, protection will not be reinstated automatically and you must reapply for the Plan. (3) you
fail to pay the Plan Fee; (4) when you reach age 70 or die. For Joint Protection, when the oldest borrower reaches age 70, the oldest borrowers protection terminates. Protection will automatically
convert to Single Protection for the younger borrower. Once the younger borrower reaches age 70, all protection will terminate. If either borrower dies, any death benefits available will be paid,
subject  to  the  terms  of  this Agreement,  and  the  protection  for  that  borrower  will  terminate;  or  (5)  the  protected  Outstanding  Balance  is  paid  off under  the  terms  of  the  Plan  or  all  maximum
cancellations are reached.
What are the tax implications?
You may be subject to federal, state and local taxes on the amount of your cancelled loan payment or balance. You should consult your tax advisor. We or the Plan Administrator do not provide
you with guidance on the tax implications, if any, of a cancelled debt.
What if I have questions about the Plan?
Telephone us at 800-852-5316 or write to us at Horizon Credit Union, P.O. Box 15128, Spokane, WA 99215 if you have any questions regarding this Plan.

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