Rev. 7/1/22  
1  
 
 
 
 CREDIT CARD AGREEMENT AND DISCLOSURE STATEMENT 
FOR YOUR GECU REWARDS CREDIT CARD  
 
Disclosure to GECU Rewards Credit Card Agreement and Disclosure Statements  
 
Disclosure of variable rates and fees are accurate and based on the Prime Rate of 4.75% in effect   
as of July 1, 2022 and may have changed. To receive the most recent information, contact GECU   
at 1-800-772-4328.  
 
Interest Rates and Interest Charges  
Annual Percentage Rate 
(APR) for Purchases, 
Balance Transfers, and 
Convenience Checks  12.24%,13.24%, 15.24% or 17.90% as of 7-1-22, 
depending  on your  creditworthiness1 
 
This APR will vary on the market based on the Prime Rate.2 
APR for Cash Advances  2% above your  APR for Purchases, not to exceed 17.90%.  
 
The APR will vary on the market based on the Prime Rate.2 
Penalty APR and When it 
Applies  None  
Paying Interest  Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month. We will begin charging interest on cash advances, 
balance transfers, and convenience checks on the transaction date.  
How to Avoid Paying 
Interest on Purchases  Your due date i s at least 25 days after the close of each billing cycle. We will 
not charge you any interest on purchases if you pay your entire balance by 
the due date each month.  
Minimum Interest Charge  None  
For Credit Card Tips from 
the Consumer Financial  
Protection  Bureau  To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection  
Bureau at http://www.consumerfinance.gov/learnmore  
 
Fees and Charges  
Annual Fee  None  
Transaction Fees   
Balance Transfer  None  
Foreign Transaction  1% of transaction  
Penalty Fees   
Late Payment  If payment is 10 days or more past due, you will be charged up to $25. 
Over-the-Limit  None  
Returned Payment  Up to $25 
 
How We Will Calculate your Balance: We will use a method called �average daily balance (including 
purchases)�. See your account agreement for more details.  
 
Military Lending Act Disclosures: Federal law provides important protections to members  of the Armed 
Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer 
credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage 
rate (APR) of 36%. This rate must incl ude, as applicable to the credit transaction or account: The costs 
associated with credit insurance premiums; fees for ancillary products sold in connection with the credit 
transaction; any application fee charged (other than certain application fees for s pecified credit transactions 
or accounts); and any participation fee charged (other than certain participation fees for a credit card 
account). Please call us at (844) 351 -4328 to receive disclosures orally.  
 
Billing Rights: Information on your rights to d ispute transactions and how to exercise those rights is 
provided in your account agreement.   Rev. 7/1/22  
2  
 
 
 
 1 The Periodic Rate (DPR) for the APRs listed in the table above are as follows:  
Standard  Rate DPR Cash  Advance  Rate DPR 
12.24% APR (.03353% DPR)  14.24% APR (.03901% DPR)  
13.24% APR (.03627% DPR)  15.24% APR (.04175% DPR)  
15.24% APR (.04175% DPR)  17.24% APR (.04723% DPR)  
17.90% APR (.04904% DPR)  17.90% APR (.04904% DPR)  
 
 
2 The Standard Rate Annual Percentage Rate (APR) may vary quarterly. The APR is a variable rate 
determined quarterly by adding a margin of 7.49% to 13.49%, not to exceed 17.90%, (depending on our 
review of your application and credit history) to the Prime Rate (Index) which is published in the  �Money 
Rates� column of The Wall Street Journal on the last business day of each calendar quarter. The Index will 
be applied the first day of your billing cycle that ends in the calendar month following each quarter end. 
Your account shall generally be re viewed periodically to determine the appropriate margin and credit score 
range, and as otherwise required by law. Changes to your APR will be applied upon notification in 
accordance with applicable laws and  regulations.  
 
Notice: Read and retain this copy o f your Agreement and Truth -in-Lending Disclosure for 
future reference.  
 
TERMS USED IN THIS AGREEMENT: This Agreement and Disclosure Statement 
(�Agreement�) cover your GECU Rewards credit card (�Account�) with us. In this Agreement, the 
word �you� and �your� means any person who signs the GECU Rewards credit card Application 
(�Application�) or any person who uses the Card(s). �We,� �our,� and �us� means GECU, primary 
address located at 1225 Airway Drive, El Paso, TX 79925. The �Card� means any GECU Rewa rds 
credit card issued to you or those designated by you under the terms of this Agreement. �Use of 
the Card� means any procedure used by you, or someone authorized by you, to make a purchase 
or an advance whether or not the purchase or advance is evidence d by a signed written 
document. �Unauthorized use� means the use of your Card by a person, other than you, who does 
not have actual, implied or apparent authority for such use, and from which you receive no benefit. 
In this Agreement, any plural terms shal l be deemed singular and any singular terms shall be 
deemed plural when context and construction so require.  
 
GECU CREDIT CARD REWARDS PROGRAM: The GECU Rewards credit card program 
(�Program�) is offered by GECU, administered by third -party providers The M embers Group, LLC, 
(�Sponsor�), and managed by Augeo Consumer Engagement Services, LLC (�Administrator�). 
Participation in the Program is exclusive to those individuals who have a current GECU Rewards 
credit card issued by us. The Sponsor and GECU reserve the right to disqualify you from 
participation in the Program and invalidate all Points for abuse, fraud, or any violation of the 
Program terms and conditions. The Sponsor or GECU may make such a determination at its sole 
discretion. The Program is void wh ere prohibited by federal, state, or local law. GECU, the 
Sponsor and Administrator reserve the right to cancel the Program, change the terms and 
conditions of the Program, and change the points required for a reward within the Program, at 
any time, in acc ordance with applicable law. Eligibility in the Program is restricted to individuals 
who have a statement address within the 50 United States, the District of Columbia, or any U.S. 
Possession or  Territory.  
 
For questions, concerns, or complaints concerning  the Program, please contact the 
Administrator�s customer service center at 888 -715-2593 or visit gecu.com. You should expect a 
resolution to all inquiries within three (3) business days. The travel redemption center is available 
Monday through Friday from  9:00 a.m. to 10:00 p.m. ET, Weekends from 9:00 a.m. to 1:00 p.m. 
ET. Closed New Year�s Day, Easter, Memorial Day, Thanksgiving and  Christmas.  
EXTENSION OF CREDIT: If your Application is approved, we may, at our discretion, establish an  Rev. 7/1/22  
3  
 
 
 
 Account in your nam e and cause one or more Cards to be issued to you or those designated by 
you. In such event, you authorize us to pay for your Account, all items reflecting credit purchases, 
balance transfers, convenience checks, and cash advances obtained through use of t he Card. 
Being a member of GECU is necessary to obtain and maintain use of the Card.  
 
NOTE: You must qualify for a minimum credit line of $5,000 to receive GECU Rewards credit card 
benefits. For a complete description of benefits, please refer to the summa ry of benefits provided 
with your new  card.  
 
JOINT APPLICANT LIABILITY: If this Agreement is executed by more than one person, each of 
you shall be jointly and individually liable to us for all charges made to the Account, including 
applicable fees. In add ition, you agree that each of you designates the other as agent for the 
purpose of making purchases extended under this Agreement and each use of your Account shall 
be an extension of credit to all. Notice to one of you shall constitute notice to all. Any joint 
cardholder may remove him/herself from responsibility for future purchases at any time by 
notifying us in writing. However, removal from the Account does not release you from any liability 
already  incurred.  
 
CONVENIENCE CHECKS : We may, at our discret ion, issue checks to you. By signing such 
checks, you authorize us to pay the item for the amount indicated and post such amount as a 
cash advance to your Account. We do not have to pay any item which would cause the 
outstanding balance in your Account to exceed your credit limit. We may reject and return unpaid 
any Convenience Check you write for any reason. Checks used to access your account may not 
be accepted if made to cash, you, or if presented in a format other than the checks we issue. 
Convenience c hecks may not be used to pay off existing debt at  GECU.  
 
OTHERS USING YOUR ACCOUNT: If you allow anyone else to use your Card, you will be liable 
for all credit extended to such persons. You promise to pay for all purchases, balance transfers, 
convenience checks, and cash advances made by anyone whom you authorize to use your Card, 
whether or not you notify us that he or she will be using it. If someone else is authorized to use 
your card and you want to end that person�s privilege, you must notify us in wr iting and, if he or 
she has a Card, you must return the Card with your written notice for it to be effective.  
 
CREDIT LIMITS: You promise that payments we make for your Account(s) resulting from use of 
the Card will, at no time, cause the outstanding balan ce of your Account to exceed your credit 
limit as established by us or as adjusted from time to time at our discretion.  
 
TRANSACTION LIMITS: The maximum balance permitted for all cash advance transactions is 
50 percent of your credit limit, subject to the terms and limitations outlined herein. Balance 
transfers between the GECU credit card programs are not permitted.  
 
PROMISE TO PAY: You promise to pay us in U.S. dollars for (a) all purchases, cash advances, 
balance transfers, and convenience checks made by  you or anyone whom you authorize to use 
the Card or Account; (b) FINANCE CHARGES and other charges or fees; (c) collection costs and 
attorneys� fees as permitted by applicable law and any costs incurred in the recovery of the Card; 
and (d) credit in exces s of your credit limit that we may extend to you. At the end of each monthly 
billing cycle for which you have a balance on your Account, you will be furnished with a periodic 
statement showing (i) the �Previous Balance� (the outstanding balance in the Acco unt at  the 
beginning  of the billing  cycle),  (ii) the amount  of all cash  advances,  purchases,  balance   Rev. 7/1/22  
4  
 
 
 
 transfers, convenience checks, over -the-limit fees, late charges, annual fees, FINANCE 
CHARGES and other charges or fees posted to your Account during the billing cycle, (iii) the 
amount of all payments and credits posted to your Account during the billing cycle and (iv) the 
�New Balance� which is the sum of (i) and (ii) minus (iii).  
 
You agree to pay for your Account on or before the Paym ent Due Date shown on the monthly 
periodic statement either the entire New Balance or a Minimum Payment equal to any amount, 
which is at least 2% of the New Balance or $25.00 whichever is greater, plus any amount in 
excess of the credit limit established b y us and any past due minimum payments. If the New 
Balance is $25.00 or less, you agree to pay it in full. You may make extra payments in advance 
of the due date without a penalty and you may repay any funds advanced, credit extended or 
amount outstanding at any time without a penalty for early payment. Regardless of the amount of 
any extra payment during a given month, a monthly payment will be required the following month 
if a balance remains in your Account.  
 
COST OF CREDIT: You will pay a FINANCE CHARGE  for all advances made against your 
Account. FINANCE CHARGES for cash advances, balance transfers, and convenience checks 
begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE 
on the date they are posted to your Account if you have paid the Account in full by the Payment 
Due Date shown on your previous monthly statement or if there was no previous balance. Cash 
Advances incur a FINANCE CHARGE from the date they are posted to your Account.  
 
No additional FINANCE CHARGES will be imposed on new purchases shown on your statement 
if the New Balance shown on the statement is paid in full by the Payment Due Date reflected on 
the statement. For purchases made with your Card, there is at least a 25 -day grace period within 
which the  New Balance may be paid without incurring a FINANCE  CHARGE.  
 
The Periodic Rate portion of the FINANCE CHARGE is figured by applying the periodic rate to 
the �Balance Subject to FINANCE CHARGE � which is the �Average Daily Balance� of your 
Account, including current transactions. The Average Daily Balance is arrived at by taking the 
beginning balance of your Account each day, adding new cash advances, balance transfers, and 
convenience checks, a nd unless you pay your entire Account Balance in full by the Payment Due 
Date shown on your previous monthly statement or there is no previous balance, adding in new 
purchases, and subtracting any payments or credits and unpaid FINANCE CHARGES. This gives 
us the daily balance. The daily balances for the billing cycle are then added together and divided 
by the number of days in the billing cycle. The result is the �Average Daily Balance.� The Periodic 
Rate portion of the FINANCE CHARGE is determined by multi plying the Average Daily Balance 
by the number of days in the billing cycle and applying the respective periodic rate to the product. 
If your periodic rate is computed based on an Index, your periodic rate(s) may  vary.  
 
The APR is a variable rate determine d quarterly by adding a margin of 7.49% to 13.49%, not to 
exceed 17.90% APR, (depending on our review of your application and creditworthiness) to the 
Prime Rate (Index). This Index as published in the �Money Rates� column of The Wall Street 
Journal on the  last business day of each calendar quarter. If the last business day of a calendar 
quarter falls on a weekend or a holiday, then the Index published on the preceding business day 
for that month will be used. The Index will be applied the first day of your  billing cycle that ends in 
the calendar month following each quarter end. Your account shall generally be reviewed 
periodically to determine the appropriate margin and credit score range, and as otherwise required 
by law. Changes to your ANNUAL PERCENTAGE  RATE will be applied upon notification in 
accordance with applicable laws and  regulations.   Rev. 7/1/22  
5  
 
 
 
 The ANNUAL PERCENTAGE RATE for purchases, cash advances, balance transfers, or 
convenience checks in any given billing cycle will be the Index plus the margin as set forth in the 
Additional Disclosure. The ANNUAL PERCENTAGE RATES for purchases, balance transfers, 
and convenience checks are referred to as the Standard Rate. The daily periodic rate and 
corresponding ANNUAL PERCENTAGE RATE for purchases,  cash advances, balance transfers, 
and convenience checks are set forth in the Additional Disclosure.  
 
For all, purchases, cash advances, balance transfers, and convenience checks, the Standard 
Rate ANNUAL PERCENTAGE RATE will never be greater than 17.90% with a corresponding 
Standard Rate Daily Periodic Rate of .04904%.  
 
Please note that the terms of your account, including any of the ANNUAL PERCENTAGE 
RATES , are subject to change. Future changes to the ANNUAL PERCENTAGE RATES will be 
in accordance with th e Agreement and Disclosure Statement for your account.  
 
PENALTY APR: No Penalty APR.  
 
LIABILITY FOR UNAUTHORIZED USE: Under MasterCard�s� zero liability policy, you will not 
be liable for an unauthorized transaction, as long as you exercised reasonable care in 
safeguarding the card from risk of loss or theft, and upon becoming aware, promptly notify our 
designee orally or  in writing of the loss, theft, or possible unauthorized use at Card Services, 
Dispute Processing, P.O. Box 10409, Des Moines, IA 50306, Telephone Number 1.800.810.2252. 
In any case, your maximum liability for unauthorized use of the Card will not exceed $ 50.00 and 
you will not be liable for any unauthorized use that occurs after you notify our designee of the 
address or telephone number  above.  
 
SKIP PAYMENT OPTION: We may designate a billing period in which you will have an option to 
skip a payment or pay less than the Minimum Payment Due. If you exercise this option, FINANCE 
CHARGES will accrue based on your �Average Daily Balance� as described in the GECU 
Rewards Credit Card Agreement and Disclosure  Statement.  
 
CREDITING OF PAYMENTS: Payments made on your  Account at the address designated for 
payment on the monthly periodic statement or in -person payments at a branch made prior to the 
close of business will be credited on the date of receipt. If the date of receipt is not a business 
day, your payment will be credited on the first business day following receipt. Payments on your 
Account will be applied first to collection costs, then to any FINANCE CHARGE and to other fees 
due, and then to the unpaid principal balance as required by law. We reserve the right  to withhold 
credit availability on any payment. Interest paid or agreed to be paid shall not exceed the 
maximum amount of interest permissible under applicable law, and in any contingency 
whatsoever, if we shall receive anything of value deemed interest u nder applicable law which 
would exceed the maximum amount of interest permissible under applicable law, the excessive 
interest shall be applied to the reduction of the unpaid principal amount or refunded to  you. 
 
ATM TRANSACTIONS: When you conduct a transa ction at an ATM, you may be charged a 
fee by the ATM operator or any network used to complete the transfer, which may include 
GECU owned ATMs.  
 
LATE PAYMENT FEE: If a payment is 10 days or more past due, you will be charged a Late 
Payment Fee up to $25. If  your minimum payment is less than $25, the Late Payment Fee will be 
equal to your minimum payment.*  
 
ANNUAL FEE: No Annual Fee.   Rev. 7/1/22  
6  
 
 
 
 OVER -THE-LIMIT FEE: No Over -the-Limit Fee.  
 
RETURNED PAYMENT FEE: We will charge you a Returned Payment Fee up to $25 if any 
payment you send us is returned unpaid for any reason. We will charge you this fee each time 
any payment is returned unpaid, even if it is paid upon resubmission. If your minimum payment is 
less than $25, the Returned Payment Fee will be equa l to your minimum payment.*  
 
*MULTIPLE FEES: In the event that the Late Payment Fee and the Returned Payment Fee apply 
concurrently, we will not charge you more than one fee for a single event.  
 
OTHER FEES:  
Convenience  Check  Fee ................................ ......$4.00  
Duplicate  Statement  Fee................................ ....... $5.00  
Expedited  Card  Fee�  ................................ ...... $29.50  
Balance Transfer Stop  Payment  Fee�  ...............  $25.00  
Telephone Operator Assistance Fee  
(for expedited  service) ................................ ....... $5.00  
 
SECURITY: YOU GRANT THE CREDIT UNION A SECURITY INTEREST UNDER THE 
UNIFORM COMMERCIAL CODE AND UNDER ANY COMMON LAW RIGHTS THE CREDIT 
UNION MAY HAVE IN ANY GOODS YOU PURCHASE. YOU SPECIFICALLY GRANT US A 
SECURITY INTEREST IN ALL INDIVIDUAL AND JOINT ACCOUN TS YOU HAVE WITH US 
NOW AND IN THE FUTURE TO SECURE REPAYMENT OF CREDIT EXTENSIONS MADE 
UNDER THIS AGREEMENT. THE GRANTING OF THIS SECURITY INTEREST IS A 
CONDITION FOR THE ISSUANCE OF ANY CARD WHICH YOU MAY USE, DIRECTLY OR 
INDIRECTLY, TO OBTAIN EXTENSIONS  OF CREDIT UNDER THIS AGREEMENT. SHARES 
AND DEPOSITS IN AN INDIVIDUAL RETIREMENT ACCOUNT (IRA) OR ANY OTHER 
ACCOUNT THAT WOULD LOSE SPECIAL TAX TREATMENT UNDER STATE OR FEDERAL 
LAW IF GIVEN AS SECURITY ARE NOT SUBJECT TO THE SECURITY INTEREST YOU ARE 
GIVIN G. COLLATERAL SECURING OTHER LOANS WITH US MAY ALSO SECURE 
PAYMENTS FOR YOUR ACCOUNT UNDER THIS AGREEMENT. YOU MAY WITHDRAW 
THESE OTHER SHARES UNLESS YOU ARE IN DEFAULT. WHEN YOU ARE IN DEFAULT, 
YOU AUTHORIZE US TO APPLY THE BALANCE IN THESE ACCOUNTS TO AN Y AMOUNTS 
DUE. FOR EXAMPLE, IF YOU HAVE AN UNPAID CREDIT CARD BALANCE, YOU AGREE 
WE MAY USE FUNDS IN YOUR ACCOUNT(S) TO PAY ANY OR ALL OF THE UNPAID 
BALANCE. YOU ACKNOWLEDGE AND AGREE THAT YOUR PLEDGE DOES NOT APPLY 
DURING ANY PERIODS WHEN YOU ARE A COVERE D BORROWER UNDER THE MILITARY 
LENDING ACT. FOR CLARITY, YOU WILL NOT BE DEEMED A COVERED BORROWER, 
AND YOUR PLEDGE WILL APPLY, IF: (I) YOU ESTABLISHED YOUR CREDIT CARD 
ACCOUNT WHEN YOU WERE NOT A COVERED BORROWER; OR (II) YOU CEASE TO BE 
A COVERED  BORROWER . 
 
UNLESS OTHERWISE PROHIBITED BY FEDERAL AND/OR STATE LAW, COLLATERAL 
SECURING OTHER LOANS YOU HAVE WITH THE CREDIT UNION MAY ALSO SECURE 
THIS LOAN, EXCEPT THAT A DWELLING WILL NEVER BE CONSIDERED AS SECURITY 
FOR THIS ACCOUNT, NOTWITHSTANDING ANYTHING TO THE CONTRARY IN ANY OTHER 
AGREEMENT.  
 
EARNING POINTS: You will earn (�Points�) for all purchases of eligible goods and services using 
your Rewards Card. Points are earned at a rate of 1.5 point per $1 spent on qualifying purchases. 
The calculation for Poin ts earned is based on whole dollars and is rounded to the   Rev. 7/1/22  
7  
 
 
 
 nearest whole dollar, i.e. $21.25 = $21 = 31.5 points; $49.51 = $50 = 75 points). There is no limit 
to the number of Points you can earn in a billing cycle or within a Program year. The Program 
year is based on the month of the Program registration (i.e. account  opening).  
 
Points accumulated for other products or services are determined at the sole discretion of the 
Sponsor and GECU. GECU reserves the right to amend the types of purch ases that qualify to 
earn points, to include special Reward Promotions that the Credit Union may offer from time to 
time. Cash advances, balance transfers, ATM transactions, and transactions with the use of 
convenience checks are not eligible to earn point s. To be eligible to earn Points, your  account(s) 
must be open (meaning not closed, canceled or terminated for any reason) and the Rewards Card 
cannot be delinquent and/or over the  limit. 
 
Point earnings are based on the net retail purchase transaction vo lume (i.e., purchases less 
credits, returns, and adjustments) charged to your Rewards Card during each day. Net purchases 
are rounded to the nearest dollar and are subject to verification. If a transaction is subject to a 
billing dispute, the Point value o f the transaction may be deducted from the Point total during the 
dispute period. If the transaction is reinstated, points will be reinstated.  
 
If more than one card has been issued for the same account, the Points earned from each card 
will automatically be pooled together into one available Point balance.  
 
Points may not be combined with any other loyalty/frequency reward program that is not managed 
by the Sponsor and GECU.  
 
The Sponsor and GECU reserve the right to award bonus Points for any activity or condition it 
decides, to include awarding bonus points for promotional periods to qualifying cardholders. 
Points are not your property and cannot be bought, sold, or transferred in any way (including upon 
death or as part of a domestic relations matter). P oints are tracked and redeemable on first -in, 
first-out basis. Refer to the redemption website (gecu.com) for point expiration details. GECU , the 
Sponsor and Administrator shall have no liability for disagreements with you regarding points. The 
Sponsor�s d ecisions regarding Point discrepancies shall be final.  
 
REDEEMING POINTS: At the Sponsor�s and GECU�s option, redemption of points may be 
restricted, limited, expired or cancelled at any time without prior notice. To redeem points, visit 
the redemption web site (gecu.com) or call the member service department at 1.888.715.2593. To 
be eligible to redeem Points, your account(s) must be open (meaning not closed, canceled, or 
terminated for any reason) and the Rewards Card cannot be delinquent and/or over the li mit. 
 
Points are deducted from your point balance as soon as they are redeemed. Points must be 
redeemed by you, but can be used to provide a reward for another person of your choice.  
 
You agree to release GECU, the Sponsor and Administrator and each of the ir vendors from all 
liability for any injury, accident, loss, claim, expense or damages sustained by you associated 
with a reward or use of rewards while participating in this Program and in the case of a travel 
reward, anyone traveling with or without you , in connection with the receipt, ownership, or use of 
any reward. GECU, the Administrator and the Sponsor shall not be liable for consequential 
damages, and the sole extent of liability, if at all, shall not exceed the actual value of the reward.  
 
You are  responsible for determining any tax liability arising from participation in the Program. 
Consult a tax advisor concerning tax consequences.   Rev. 7/1/22  
8  
 
 
 
 Please see the Programs� website at gecu.com for additional information concerning the rew ards 
options available and the terms and conditions surrounding those offers. Other fees may apply at 
the time of point redemption depending on the category of reward you select for point  redemption.  
 
EXPIRATION AND FORFEITURE OF POINTS : Points will expire three ye ars (3) from earning 
and the oldest Points will expire first (i.e. first in, first out). Points will expire on the billing cycle 
date within the month of expiration. Points will be forfeited if your Account is closed, revoked, 
frozen, delinquent and/or ove r the limit, or if you are in bankruptcy.  
 
DEFAULT: You will be in default: (1) if you fail to make any payment on time; (2) if you fail to keep 
any promises you have made under this or any other agreement with us; (3) if you are the subject 
of an order of  relief under Title 11 of the U.S. Code (Bankruptcy); (4) if anyone tries, by legal 
process, to take any of your money maintained with us; (5) if you have given us false or inaccurate 
information in obtaining your Card; or (6) if we reasonably believe that  you are unable or unwilling 
to repay your obligations to  us. 
 
ACCELERATION: If you are in default, without notice to you, we may accelerate your debt and 
call any amounts you owe immediately due and payable, plus FINANCE CHARGES which shall 
continue to ac crue until the entire amount is paid. If you default on your Account you authoriz e us 
to transfer the balance of your Account to another linked account of yours. You expressly waive 
any right to notice of our intention to accelerate and notice that your de bt has been accelerated.  
 
TERMINATION AND CHANGES: You may terminate this Agreement, by written notice, as to 
future advances at any time. We can terminate this Agreement at any time subject to such notice 
as may be required by applicable law. Termination by either party shall not affect your obligation 
to repay any payments made for your Account resulting from use of the Card as well as FINANCE 
CHARGES and other related charges. We may change the terms of this Agreement, including 
the periodic rate, at any  time subject to such notice as may be required by applicable  law. 
 
CLOSING AN ACCOUNT AND CONTINUATION OF CERTAIN TERMS OF  THIS  
AGREEMENT: We may close or suspend your Account at any time without prior notice. You may 
also close your Account by notifying us. Once your account is closed, (A) you may not make any 
new transactions, and you must destroy all Cards and Convenience Checks; and (B) you must 
repay any outstanding balance pursuant to the Terms of this Agreement. Closing the Account will 
not prevent transactions from being added to the Account and you will remain liable for all unpaid 
balances including transactions made or processed after the date the Account is closed.  
 
NOTIFICATION ADDRESS FOR INFORMATION REPORTED TO CONSUMER REPORTING  
AGENCIES: We may report the status and payment history of your Account to credit reporting 
agencies each month. If you believe that the information we have reported is inaccurate or 
incomplete, please notify us in writing at our primary address shown in the Terms of t his 
Agreement section of this Agreement. Please include your name, address, home telephone 
number and Account number.  
 
CREDIT INVESTIGATION: In conjunction with your application for credit and, if approved, 
maintenance of your Account, you agree that we have the right to investigate your credit and 
employment history, to verify your credit references, to request and use credit reports, and to 
report the way you pay your Account to credit bureaus and other interested parties.   Rev. 7/1/22  
9  
 
 
 
 ILLEGAL TRANSA CTIONS: You may not use your Card for any illegal transaction. You agree 
that we may decline to process any transaction that we believe in good faith to be for an illegal 
purpose. You agree that we will not be liable for declining to process any such trans action. If we 
do process any transaction that ultimately is determined to have been for an illegal purpose, you 
agree that you will remain liable to us under this agreement for any such transaction 
notwithstanding its illegal nature. You agree that any ill egal use of the Card will be deemed an act 
of default under this Agreement. YOU FURTHER AGREE TO WAIVE ANY RIGHT TO TAKE 
LEGAL ACTION AGAINST GECU FOR YOUR ILLEGAL USE OF THE CARD AND TO 
INDEMNIFY AND HOLD GECU AND MASTERCARD� INTERNATIONAL, INCORPORATED 
HARMLESS FROM AND AGAINST ANY LAWSUIT, OTHER LEGAL ACTION OR LIABILITY 
THAT RESULTS DIRECTLY OR INDIRECTLY FROM SUCH ILLEGAL  USE.  
 
FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in 
a currency other than U.S. dollars, Mast erCard International will convert the charge into a U.S. 
dollar amount. MasterCard International will use its currency -conversion procedure, which is 
disclosed to institutions that issue MasterCard cards. Currently the currency -conversion rate used 
by Mast erCard International to determine the transaction amount in U.S. dollars for such 
transactions is generally either a government -mandated rate or a wholesale rate determined by 
MasterCard International for the processing cycle in which the transaction is pr ocessed, increased 
by an adjustment factor established from time to time by MasterCard International. The currency -
conversion rate used by MasterCard International on the processing date may differ from the rate 
that would have been used on the purchase da te or cardholder statement posting date. You agree 
that you will not cause or allow the Card to be used in any manner or for any transaction that w e 
believe poses an undue risk or illegality and we may refuse to authorize any such use or 
transaction. You a gree that any illegal use of the Card will be deemed an act of default under this  
Agreement.  
 
Foreign Transaction Fee: Foreign transaction fees may apply for three types of transactions:  
1. Card purchases you make or that are processed outside the U.S.;   
2. ATM cash withdrawals made or processed in foreign countries and foreign currencies; or  
3. Online purchases from a non -U.S. retailer that uses an overseas bank to process 
transactions;  
 
GECU assess a fee as set forth in the Fees and Charges section above.  
 
ADDITIONAL PROVISIONS: Each provision of this Agreement must be considered part of the 
total Agreement and cannot in any way be severed from it. However, if any provision of this 
Agreement is finally determined to be void or unenforceable under any law, rule,  or regulation, all 
other provisions of this Agreement will remain valid and enforceable. You understand that this 
Agreement is performable in the country and state of the aforementioned credit union in this 
Agreement, and the validity, construction, and e nforcement of this Agreement shall be governed 
by applicable federal law and the laws of the state in which the aforementioned credit union is 
primarily located. We do not warrant any merchandise or services purchased by you with the 
Card. All purchases an d cash advances are extended at the option of the merchant or cash 
advancing financial institution and we are not responsible for the refusal of any merchant or 
financial institution to honor your Card. The Card remains our property at all times and you ag ree 
to immediately surrender the Card upon demand. You agree to pay all reasonable costs of 
collection, including court costs and attorney�s fees, and any costs incurred in the recovery of the 
Card. We can accept late payments or partial payments, or check  or money orders marked 
�payment in full� without losing any of our rights under the Agreement. We can also delay 
enforcing any of our rights under this Agreement without losing them. You expressly waive 
presentment for payment, demand, protest, and notice  of protest and dishonor of same. You 
agree to give us prompt notice of any change in your name, mailing address, telephone number  Rev. 7/1/22  
10  
 
 
 
 or place of  employment.  
 
RECEIPT OF AND AGREEMENT TO TERMS AND CONDITIONS OF AGREEMENT:  
By using the Card, you agree to all the terms and conditions and promise to perform all the 
obligations, requirements, and duties contained in this Agreement, and you acknowledge receipt 
of a copy of this Agreement.  
 
GECU, 1225 Airway, El Paso, TX 79925 issues your credit card under this Agr eement.  
WHAT TO DO IF THERE IS AN ERROR ON YOUR STATEMENT 
NOTICE OF YOUR BILLING RIGHTS � 
KEEP THIS NOTICE FOR FUTURE USE.  
This notice contains important information about your rights and our responsibilities under the Fair 
Credit Billing Act.  
 
Notify Us i n Case of Errors or Questions About Your Statement.  
If you think your statement is wrong or if you need more information about a transaction on your 
statement, write us on a separate sheet at the address listed on your statement. Write to us as 
soon as pos sible. We must hear from you no later than 60 days after we sent you the first 
statement on which the error or problem appeared. You can telephone us, but doing so will not 
preserve your rights.  
 
In your letter, provide us with the following information: ( a) your name and account number; (b) 
the dollar amount of the suspected error; (c) a description of the error and explain, if you can, w hy 
you believe there is an error. If you need more information, describe the item you are not sure 
about.  
 
If you have authorized us to pay your credit card bill automatically from your GECU checking 
account, you can stop the payment on any amount you think is wrong. To stop the payment, your 
letter must reach us three (3) business days before the automatic payment is sche duled to occur.  
 
Your Rights and Our Responsibilities After We Receive Your Written Notice.  
We must acknowledge your letter within 30 days, unless we have corrected the error by then. 
Within 90 days, we must either correct the error or explain why we belie ve the statement was 
correct. After we receive your letter, we cannot try to collect any amount you question or report 
you as delinquent. We can continue to bill you for the amount you question, including FINANCE 
CHARGES , and we can apply any unpaid amount  against your credit limit. You do not have to 
pay any questioned amount while we are investigating, but you are still obligated to pay the parts 
of your statement that are not in question. If we find that we made a mistake on your statement, 
you will not have to pay any FINANCE CHARGES related to any questioned amount. If we didn�t 
make a mistake, you may have to pay FINANCE CHARGES and you will have to make up any 
missed payments on the questioned amount. In either case, we will send you a statement of th e 
amount you owe and the date that it is due. If you fail to pay the amount that we think you owe, 
we may report you as delinquent. However, if our explanation does not satisfy you and you write 
to us within 10 days telling us that you still refuse to pay,  we must tell anyone we report you to 
that you have a question about your statement. And, we must tell you the name of anyone we 
reported you to. We must tell anyone we report you to that the matter has been settled between 
us when it finally  is. 
 
If we don�t follow these rules, we can�t collect the first $50.00 of the questioned amount, even if 
your statement was correct.  
  Rev. 7/1/22  
11  
 
 
 
 Special Rule for Credit Card Purchases.  
If you have a problem with the quality of property or services that you purchased with a cred it 
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 $50.00. These limitations do not apply if we own or operate the merchant or 
mailed you the advertisement fo r the property or services.  
 
GECU MEMBER SERVICE: Call 1.800.810.2252, 24 hours a day, seven days a week. (Please 
have account information available).  
 
California residents : Applicants: 1) may, after credit approval, use the credit card account up to 
its credit limit; 2) may be liable for amounts extended under the plan to any joint applicant. As 
required by law, you are hereby notified that a negative credit report reflecting on your credit 
record may be submitted to a credit reporting agency if you fail t o fulfill the terms of your credit 
obligations.  
 
Florida Residents : You (borrower) agree that, should We obtain a judgment against You, a 
portion of Your disposable earnings may be attached or garnished (paid to Us by Your 
employer), as provided by Florida  and Federal  law. 
 
Maryland Residents: To the extent, if any, that Maryland law applies to Your Account, We elect 
to offer Your Card Account pursuant to Title 12, Subtitle 9 of the Maryland Commercial Law Article.  
 
Missouri Residents: Oral Agreements or co mmitments to loan money, extend credit or to 
forbear from enforcing repayment of a debt including promises to extend or renew such 
debt are not enforceable. To protect You (borrower(s)) and Us (creditor) from 
misunderstanding or disappointment, any Agreeme nts We reach covering such matters 
are contained in this writing, which is the complete and exclusive statement of the 
Agreement between Us, except as We may later agree in writing to modify it.  
 
Nebraska Residents : A credit agreement must be in writing to  be enforceable under Nebraska 
law. To protect you and us from any misunderstandings or disappointments, any contract, 
promise, undertaking, or offer to forebear repayment of money or to make any other financial 
accommodation in connection with this loan o f money or grant or extension of credit, or any 
amendment of, cancellation of, waiver of, or substitution for any or all of the terms or provisions 
of any instrument or document executed in connection with this loan of money or grant or 
extension of credit , must be in writing to be effective.  
 
New York Residents : New York residents may contact the New York State Department of 
Financial Services to obtain a comparative listing of credit card rates, fees, and grace periods. 
New York State Department of Financ ial Services: 1 -800-342-3736 or www.dfs.ny.gov.  
 
New York and Vermont residents : At any time, we may obtain your credit reports, for any 
legitimate purpose associated with the account or the application or request for  an account, 
including but not limited to reviewing, modifying, renewing and collecting on your account. On 
your request, you will be informed if such a report was ordered. If so, you will be given the name 
and address of the consumer reporting agency furn ishing the report.  
 
Ohio Residents : The Ohio laws against discrimination require that all creditors make credit equally 
available to all creditworthy customers, and that credit reporting agencies maintain separate credit 
histories on each individual upon r equest. The Ohio Civil Rights Commission administers 
compliance with this law.   Rev. 7/1/22  
12  
 
 
 
 South Dakota Residents : If You believe there have been any improprieties in making this loan or 
in the lender�s loan practices, You  may contact the South Dakota Division of Banking at  1601  
N. Harrison Ave, Suite 1, Pierre, SD 57501, or by phone at 605.773.3421.  
 
Utah Borrowers: This written Agreement is a final expression of the Agreement between You and 
the Credit Union. This written  Agreement may not be contradicted by evidence of any oral 
Agreement. As required by  
 
Married Wisconsin residents: No provision of any marital property agreement, unilateral statement 
under Section 766.59, or court decree under Section 766.70 will adversel y affect the rights of the 
Credit Union unless the Credit Union is furnished a copy of the agreement, statement or decree, 
or has actual knowledge of its terms, before the credit is granted or the account is opened.  
 
Please sign if you are not applying for  this account or loan with your spouse. The credit being 
applied for, if granted, will be incurred in the interest of the marriage or family of the undersigned.  
 
THE FOLLOWING IS REQUIRED BY VERMONT LAW � NOTICE TO CO -SIGNER � YOUR 
SIGNATURE ON THIS NOTE M EANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT 
OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT 
TO COLLECT FROM  YOU.