BUSINESS CREDIT CARD AGREEMENT 

This Business Credit Card Agreement ("Agreement") includes this document, any letter, card carrier, card insert, 
addendums, any other document accompanying this Agreement, any application that you signed or submitted to 
the Credit Union, and any notification of changes to this Agreement. The words "you" and "your" mean each person, 
each  business  or  organization  ("organization"),  and each  officer  or  owner  of  the  organization  who  agrees to  be 
bound by this Agreement as set forth below. The words we, our, us and "Credit Union" means the Credit Union 
whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement. The word 
"card" means the Visaﬁ business credit card you receive from the Credit Union and any duplicates, renewals, or 
substitutions the Credit Union issues to you. The word "account" means the credit card line of credit account the 
Credit Union approves for you that is subject to this Agreement.  

1.  PERSONS  BOUND.  By  signing,  or  otherwise  authenticating,  any  business  loan  application  stating  your 
agreement to be bound by this Agreement or by using the card or account we issue to you, or by authorizing an 
employee to use the card or account we issue to you, you agree to be bound by the terms of this Agreement. If you 
are an officer or owner obtaining an account for your organization, you agree to the terms of this Agreement in your 
personal  capacity  as  well  as  your  capacity  as  an  officer  or  owner  authorized  to  bind  the  organization  to  this 
Agreement. 

2.  USING YOUR ACCOUNT. If you are approved for an account, the Credit Union will establish a line of credit for 
you. The amount of your credit limit is set forth on the Addendum accompanying this Agreement. You agree that 
your credit limit is the maximum amount (purchases, cash advances, finance charges, plus "other charges") that 
you will have outstanding on your account at any time. If you exceed your credit limit, you must pay the amount you 
are over your limit plus any fees and unpaid finance charges before payments will begin to restore your credit limit. 
In addition, a fee may be imposed for exceeding your credit limit. You may request an increase in your credit limit 
only by a method acceptable to the Credit Union. The Credit Union may increase or decrease your credit limit, 
refuse to make an advance, and/or terminate your account at any time for any reason not prohibited by law. If you 
are permitted to obtain cash advances on your account, we may from time to time issue convenience checks to you 
that may be drawn on your account.  

3.  STATEMENT OF BUSINESS PURPOSE. You agree that you have represented to us that you are obtaining 
your  account  for  business  purposes  and  that  all  purchases,  cash  advances,  balance  transfers,  use  of  any 
convenience checks issued on your account, and any other use of your account will only be for a business purpose. 
You agree that you will never use your account for any personal, household, or family purposes. 

4.  USING YOUR CARD. You may use your card to make purchases from merchants and others who accept your 
card. The Credit Union is not responsible for the refusal of any merchant or financial institution to honor your card. 
If you wish to pay for goods or services over the Internet, you may be required to provide card number security 
information before you will be permitted to complete the transaction. In addition, the Credit Union may permit you 
to obtain cash advances from the Credit Union, from other financial institutions that accept your card, and from 
some automated teller machines (ATMs). You understand that not all ATMs may accept your card. If the Credit 
Union authorizes ATM transactions with your card, it will issue you a personal identification number (PIN). To obtain 
cash advances from an ATM, you must use the PIN that is issued to you for use with your card. You agree that you 
will not use your card for any transaction that is illegal under applicable federal, state, or local law. Even if you use 
your card for an illegal transaction, you will be responsible for all amounts and charges incurred in connection with 
the  transaction.  If  you  are  permitted  to  obtain  cash  advances  on  your  account,  you  may  also  use  your  card  to 
purchase instruments and engage in transactions that we consider the equivalent of cash. Such transactions will 
be posted to your account as a cash advance and include, but are not limited to, wire transfers, money orders, bets, 
lottery  tickets,  and  casino  gaming  chips  as  applicable.  This  paragraph  shall  not  be  interpreted  as  permitting  or 
authorizing any transaction that is illegal. 

5.  RESPONSIBILITY.  You  agree  to  pay  all  charges  (purchases,  cash  advances,  balance  transfers,  use  of 
convenience checks, and any other charge) to your account that are made by you or anyone whom you authorize 
to use your account. You also agree to pay all finance charges and other charges added to your account under the 

' CUNA Mutual Group, 2006, 08, 2019 All Rights Reserved 

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terms of this Agreement or another agreement you made with the Credit Union. If there is more than one person 
bound to this Agreement, each will be individually and jointly responsible for paying all amounts owed under this 
Agreement. If you are an organization, the officer or owner that obtained the account for the organization is 
also personally obligated for all charges made under the account. This means that the Credit Union can require 
any one of you to individually repay the entire amount owed under this Agreement. In addition, each person bound 
under this Agreement, as well as any authorized user, may make purchases individually and, if cash advances are 
permitted for your account, may obtain cash advances individually. 

INTEREST  RATE.  The  Interest  Rates  applicable  to  purchases,  cash  advances,  and  balance  transfers  are 
6. 
disclosed  on  the  Addendum  that  accompanies  this  Agreement.  Any  penalty  rate  that  may  be  imposed  is  also 
disclosed  on  the  Addendum.  These  rates  may  be  either  fixed  or  variable  as  disclosed  in  the  Addendum 
accompanying this Agreement. If the rate for your account is fixed, the rate charged on purchases, cash advances, 
balance transfers, and any penalty rate will not vary from month to month unless we notify you in advance that the 
rate will change. If the rate for your account is variable, as indicated on the accompanying Addendum, the rate 
charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in 
the Addendum accompanying this Agreement. The initial rate on your account for certain types of transactions may 
be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that 
type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective 
is shown on the Addendum accompanying this Agreement. After the Introductory Rate period expires, the Interest 
Rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the 
terms of this Agreement. 

7.  FINANCE CHARGE CALCULATION METHOD FOR PURCHASES.  New purchases posted to your Account 
during a billing cycle will not incur a finance charge for that billing cycle if you had a zero or credit balance at the 
beginning of that billing cycle or you paid the entire New Balance on the previous cycle’s billing statement by the 
Payment Due Date of that statement; otherwise a finance charge will accrue from the date a purchase is posted to 
your Account. To avoid an additional finance charge on the balance of purchases, you must pay the entire New 
Balance  on  the  billing  statement  by  the  Payment  Due  Date  of  that  statement.  The  finance  charge  is  calculated 
separately  for  purchases  and  cash  advances.  For  purchases,  the  finance  charge  is  computed  by  applying  the 
periodic rate to the average daily balance of purchases. To get the average daily balance of purchases, we take 
the beginning outstanding balance of purchases each day, add any new purchases, and subtract any payments 
and/or credits. This gives us the daily balance of purchases. Then, we add all the daily balances of purchases for 
the billing cycle together and divide the total by the number of days in the billing cycle. This gives us the average 
daily balance of purchases. 

8.  FINANCE CHARGE CALCULATION METHOD FOR CASH ADVANCES.  A finance charge begins to accrue 
on cash advances from the date you get the cash advance or from the first day of the billing cycle in which the cash 
advance  is  posted  to  your  account,  whichever  is  later.  For  cash  advances,  the  finance  charge  is  computed  by 
applying the periodic rate to the average daily balance of cash advances. To get the average daily balance of cash 
advances, we take the beginning outstanding balance of cash advances each day, add in any new cash advances, 
and subtract any payments and/or credits that we apply to the cash advance balance. This gives us the daily balance 
of cash advances. Then, we add all the daily balances of cash advances for the billing cycle together and divide 
the total by the number of days in the billing cycle. This gives us the average daily balance of cash advances. 

9.  OTHER CHARGES.  In  addition  to  the  Interest  Rate,  additional  fees  may be  imposed on your account. The 
amount and description of these fees are disclosed on the Addendum accompanying this Agreement. 

10.  PAYMENTS. Each month you must pay at least the minimum payment shown on your statement by the date 
specified on the statement. Your due date is at least 25 days after the close of each billing cycle. All payments must 
be made in U.S. dollars and if made by a negotiable instrument such as a check or money order, must be in a form 
acceptable to us and drawn on a U.S. financial institution. You may pay more frequently, pay more than the minimum 
payment or pay the Total New Balance in full. If you make extra or larger payments, you are still required to make 
at least the minimum payment each month your account has a balance (other than a credit balance). The minimum 
payment for your account is shown on the Addendum accompanying this Agreement. In addition to the minimum 
payment you must also pay, by the date specified on the statement, the amount of any prior minimum payment(s) 
that you have not made, all outstanding unpaid fees and charges, and any amount you are over your credit limit. 
The Credit Union also has the right to demand immediate payment of any amount by which you are over your credit 
limit. Subject to applicable law, your payments may be applied to what you owe to the Credit Union in any manner 
the Credit Union chooses. We may accept checks marked "payment in full" or with words of similar effect without 
losing any of our rights to collect the full balance of your account with us. 

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11. FOREIGN TRANSACTIONS. Purchases and cash advances made in foreign currencies will be debited from 
Your Account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for 
processing international transactions is a rate selected by Visa from a range of rates available in wholesale currency 
markets  for  the  applicable  transaction  date,  which  rate  may  vary  from  the  rate  Visa  itself  receives,  or  the  rate 
mandated by the government or governing body in effect for the applicable transaction date. The exchange rate 
used on the transaction date may differ from the rate that would have been used on the processing date or the 
cardholder statement posting date. 

A fee (finance charge), calculated in U.S. dollars, will be imposed on all foreign transactions, including purchases, 
cash  advances,  and  credits  to  your  account.  A  foreign  transaction  is  any  transaction  that  You  complete  or  a 
merchant  completes  on  your  card  outside  of  the  United  States,  with  the  exception  of  U.S.  military  bases,  U.S. 
territories, U.S. embassies, or U.S. consulates. Transactions completed by merchants outside of the United States 
are considered foreign transactions, regardless of whether You are located inside or outside the United States at 
the  time  of  the  transaction.  The  Foreign  Transaction  Fee  is  set  forth  on  the  Addendum  accompanying  this 
Agreement.  

12.  COLLECTION COSTS. You agree to pay all costs of collecting the amount you owe under this Agreement, 
including court costs and reasonable attorneys(cid:146) fee, as permitted by applicable state law.  

13.  SECURITY INTEREST. If you give the Credit Union a specific pledge of shares by signing a separate pledge 
of shares, your pledged shares will secure your account. You may not withdraw amounts that have been specifically 
pledged to secure your account until the Credit Union agrees to release all or part of the pledged amount. In addition, 
your account is secured by all other shares you have in any individual or joint account with the Credit Union, except 
for shares in an Individual Retirement Account or in any other account that would lose special tax treatment under 
state or federal law if given as security. These other shares may be withdrawn unless you are in default under this 
Agreement. You authorize the Credit Union to apply the balance in your individual or joint share accounts to pay 
any amounts due on your account if you should default. 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.  

14.  DEFAULT. You will be in default if you fail to make any minimum payment or other required payment by the 
date that it is due. You will be in default if you: break any promise you make under this Agreement; exceed your 
credit limit; are a natural person and you die; are an organization and you cease to exist; are an organization and 
you  change  your  legal  structure  so  that  the  person  obligating  the  organization  to  this  Agreement  is  no  longer 
authorized to bind it to legal agreements; file for bankruptcy or become insolvent; make any false or misleading 
statements in any credit application or credit update; or if something happens that the Credit Union believes may 
substantially reduce your ability to repay what you owe. When you are in default, the Credit Union has 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 finance charges at the applicable interest rate 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.  

15.  CHANGING OR TERMINATING YOUR ACCOUNT. The Credit Union may change the terms of this Agreement 
and any attached Addendum from time to time. Notice of any change will be given in accordance with applicable 
law. If permitted by law, the change will apply to your existing account balance as well as to future transactions.   

Either you or the Credit Union may terminate this Agreement at any time, but termination by you or the Credit Union 
will not affect your obligation to pay the account balance plus any finance and other charges you owe under this 
Agreement.  You  are  also  responsible  for  all  transactions  made  to  your  account  after  termination,  unless  the 
transactions were unauthorized.   

The card or cards you receive remain the property of the Credit Union and you must recover and surrender to the 
Credit Union all cards upon request or upon termination of this Agreement whether by you or the Credit Union. The 
Credit Union has the right to require you to pay your full account balance at any time after your account is terminated, 
whether it is terminated by you or the Credit Union.   

16.  CHANGING OR TERMINATING AUTHORIZED USERS. Upon your request, we may issue additional cards 
for authorized users that you designate. You must notify us in writing of any termination of an authorized user’s right 
to access your account. Your letter must include the name of the authorized user and your account number and/or 
any subaccount number issued to the authorized user along with the authorized user’s card and any convenience 
or other access checks issued to the authorized user. If you cannot return the authorized user’s card or access 

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checks and  if  you  request your  account  to  be closed,  we will  close  your account  and you  may  apply  for a  new 
account. 

17.  LIABILITY  FOR  UNAUTHORIZED  USE-LOST/STOLEN  CARD  NOTIFICATION.  You  may  be  liable  for  the 
unauthorized use of your card or account. Notify us immediately, in writing or by telephone, at (614) 235-2395, 
option 4 or (800) 282-6420 Monday (cid:150) Thursday 9:00 a.m. to 5:00 p.m. Friday 9:00 a.m. to 6:00 p.m. Saturday 9:00 
a.m. to 1:00 p.m. or write to: KEMBA Financial Credit Union, 555 Officenter Place, P.O. Box 307370, Gahanna, OH 
43230 if your card is lost, stolen, or you suspect there has been unauthorized use of your card or account. After we 
receive your notification, you will not be liable for any further unauthorized use of your card or account.  

If you are an organization with 10 or more employees and we have issued 10 or more cards on your account for 
use by your employees, you will be liable for all unauthorized use of your cards or account before notification to 
us unless your liability may be limited by Visa liability limitation rules as set forth below. Otherwise, you will be liable 
for up to $50 for the unauthorized use of your card or account before notification to us unless your liability is further 
limited by Visa liability limitation rules as set forth below. Unauthorized use does not include use of a card by an 
authorized user in an unauthorized manner.  

You may not be liable for any unauthorized transactions unless you are found to be fraudulent or negligent in the 
handling of your card or account.  

18.  CREDIT  REVIEW  AND  RELEASE  OF  INFORMATION.  You  authorize  the  Credit  Union  to  investigate  your 
credit standing when opening or reviewing your account. You authorize the Credit Union to disclose information 
regarding your account to credit bureaus and creditors who inquire about your credit standing. If your account is 
eligible  for  emergency  cash  and/or  emergency  card  replacement  services,  and  you  request  such  services,  you 
agree that we may provide personal information about you and your account that is necessary to provide you with 
the requested service(s). 

19.  RETURNS AND ADJUSTMENTS. Merchants and others who honor your card may give credit for returns or 
adjustments, and they will do so by sending the Credit Union a credit slip which will be posted to your account. If 
your  credits  and  payments  exceed  what  you  owe  the  Credit  Union,  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 
request or automatically after six (6) months. 

20.  ADDITIONAL BENEFITS/CARD ENHANCEMENTS. The Credit Union may from time to time offer additional 
services to your account, such as travel accident insurance or a liability waiver program, at no additional cost to 
you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them 
at any time. 

21.  EFFECT OF AGREEMENT. This Agreement is the contract which applies to all transactions on your account 
even though the sales, cash advances, credits, or other slips you sign or receive may contain different terms.  

22.  NO WAIVER. The Credit Union can delay enforcing any of its rights any number of times without losing them.  

23.  STATEMENTS  AND  NOTICES.  Unless  separate  subaccounts  have  been  set  up  under  your  account  for 
authorized users, statements and notices will be mailed to you at the appropriate address you have given the Credit 
Union. You agree to notify us at least 10 days in advance of any change in address. Notice sent to any one person 
bound under this Agreement will be considered notice to all. If we have agreed to send statements for subaccounts 
under your account that have been issued to authorized users, we will send statements to the appropriate address 
you have provided for that authorized user. You agree to notify us at least 10 days in advance of any change in 
address for an authorized user. You are responsible for payment of all amounts shown on a statement delivered to 
an authorized user. 

24.  NOTIFICATION OF CHANGE IN LEGAL STRUCTURE, OFFICERS OR OWNERS. If you are an organization, 
you agree to notify us within 10 days of any change in your legal structure or any change in your officers or owners.  

25.  SEVERABILITY AND FINAL EXPRESSION. This Agreement is the final expression of the terms and conditions 
of your account. This written Agreement may not be contradicted by evidence of any alleged oral agreement. Should 
any part of this Agreement be found to be invalid or unenforceable, all other parts of this Agreement shall remain in 
effect and fully enforceable to the fullest extent possible under this Agreement.  

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26.  PENALTY RATE DISCLOSURES. All rates for your account, including the rates for purchases, cash advances, 
and balance transfers will automatically increase to the Penalty Rate disclosed on the Addendum accompanying 
this Agreement when you are 60 or more days late in making a payment.   

The rates for purchases, cash advances and balance transfers will automatically revert to the rates then in effect 
for those balances when you make at least six (6) minimum payments by the payment due date as shown in your 
monthly statement.  

27.  GAMBLING  TRANSACTIONS  PROHIBITED.  You  may  not  use  your  card  to  initiate  any  type  of  gambling 
transaction.  

28.  CONVENIENCE CHECKS. We may, from time to time, issue convenience checks to you that may be drawn 
on  your  account.  Convenience  checks  may  not  be  used  to  make  a  payment  on  your  account.  If  you  use  a 
convenience check, it will be posted to your account as a cash advance. We reserve the right to refuse to pay a 
convenience check drawn on your account for any reason and such refusal shall not constitute wrongful dishonor. 
You may request that we stop the payment of a convenience check drawn on your account. You agree to pay any 
fee as identified in this Agreement imposed to stop a payment on a convenience check issued on your account. 
You may make a stop payment request orally, if permitted, or in writing. Your request must be made with sufficient 
time in advance of the presentment of the check for payment to give us a reasonable opportunity to act on your 
request.  In  addition,  your  request  must  accurately  describe  the  check  including  the  exact  Account  number,  the 
payee, any check number that may be applicable, and the exact amount of the check. If permitted, you may make 
a stop payment request orally, but such a request will expire after 14 days unless you confirm your request in writing 
within that time. Written stop payment orders are effective only for six months and may be renewed for additional 
six-month periods by requesting in writing that the stop payment order be renewed. We are not required to notify 
you when a stop payment order expires.  

If we re-credit your account after paying a check over a valid and timely stop payment order, you agree to sign a 
statement describing the dispute with the payee, to assign to us all of your rights against the payee or other holders 
of the check and to assist us in any legal action.  

You agree to indemnify and hold us harmless from all costs and expenses, including attorney’s fees, damages, or 
claims, related to our honoring your stop payment request or in failing to stop payment of an item as a result of 
incorrect information provided to us or the giving of inadequate time to act upon a stop payment request. Note: A 
convenience check is not a check as that term is defined under the Uniform Commercial Code. It is an advance 
from your credit card account with us and your stop payment rights are provided under this Agreement with us. 

29.  GOVERNING LAW. This Agreement is governed by the laws of the state of Ohio. 

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