CREDIT LINE ACCOUNT
4455 Arden Drive
AGREEMENT AND DISCLOSURE
P.O. Box 8023
El Monte, CA 91734-2323
THIS IS YOUR CREDIT LINE ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING
vonscreditunion (800) 488-8328
DISCLOSURE STATEMENTS, VISA PLATINUM PLUS, VISA PLATINUM PREMIUM, VISA PLATINUM NEW START, AND
SHARE SECURED VISA PLATINUM AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE
OF
YOUR VISA PLATINUM PLUS, VISA PLATINUM PREMIUM, VISA PLATINUM NEW START, AND SHARE SECURED VISA
PLATINUM CREDIT CARDS, AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS
AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate
VISA Platinum Plus:
8.90%
VISA Platinum New Start:
16.90%
(APR) For Purchases
VISA Platinum Premium:
13.90%
Share Secured VISA Platinum:
10.90%
Annual Percentage Rate
VISA Platinum Plus: 8.90%
VISA Platinum New Start: 16.90%
(APR) For Balance Transfers
VISA Platinum Premium: 13.90%
Share Secured VISA Platinum: 10.90%
Annual Percentage Rate
VISA Platinum Plus: 8.90%
VISA Platinum New Start: 16.90%
(APR) For Cash Advances
VISA Platinum Premium: 13.90%
Share Secured VISA Platinum: 10.90%
Personal Property Secured:
%
% based on the age and type of property
pledged as security.
Paying Interest
For VISA, We will not charge You interest on purchases if You pay Your entire balance owed
each month within 26 days of Your statement closing date. For all Feature Categories, We will
begin charging interest on cash advances and balance transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card, visit the
the Federal Reserve Board
website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
Fees
Transaction Fees
Foreign Transaction
For VISA, 1.00% of each transaction in U.S. dollars
Cash Advance
For VISA Platinum Plus, 2.00% of each advance ($5.00 minimum - $25.00 maximum)
Penalty Fees
Returned Payment
Up to $15.00
Over-the-Credit Limit
Up to $29.00
Late Payment
For VISA, up to $25.00 after 4 days
Except for VISA, 20.00% of the finance charge due ($10.00 minimum) after 10 days
How We Will Calculate Your Balance: For all Feature Categories (except VISA), We use a method called "daily balance." For
VISA, We use a method called "average daily balance (including new purchases)." See Your Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
In this Agreement, the reference to "We", "Us", "Our" and "Credit Union" mean VONS EMPLOYEES FEDERAL CREDIT UNION. The words "You" and "Your" mean each person
accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA Platinum Plus, VISA Platinum Premium,
VISA Platinum New Start, or Share Secured VISA Platinum Credit Card issued to You by Us and any duplicates or renewals. "Convenience Checks" mean the special Account access
devices that We may provide for Your use from time to time.
You, as the Borrower, under a Credit Line Account ("Account"), understand that the following Federal Disclosure Statement and the terms and conditions found herein constitute Our
Agreement with You. You may request advances on Your Account through a variety of means which could include (but may not be limited to) telephonic requests, advance request
forms, vouchers, checks, charge slips, Convenience Checks, check cards, ATM cards, Credit Cards, wire transfers, direct transfers and/or wire transfers to specific payees identified
by You, direct transfers to Your share/share draft or other Credit Union account and the like. Regardless of the means by which any advance is made, You promise to pay Us all
amounts charged to Your Account by You or by any user who has access to Your Account, with actual, apparent or implied authority for use of Your Account, including Finance
Charges and other fees or charges described herein.
FEATURE CATEGORIES. Your Account has Feature Categories which may include Personal Property Secured (a label to reference certain Feature Categories secured by personal
property described below and/or on the separate page titled "Credit Line Account Advance Request and Security Agreement" which We have included with and made a part of this
Agreement) VISA Platinum Plus, VISA Platinum Premium, VISA Platinum New Start, and Share Secured VISA Platinum.
Account
Daily
ANNUAL
Feature Categories
Periodic Rate
PERCENTAGE
RATE
%
%
VISA Platinum Plus
%
%
VISA Platinum Premium
%
%
VISA Platinum New Start
%
%
Share Secured VISA Platinum
%
%
Copyright Oak Tree Business Systems, Inc.,2010. All Rights Reserved.
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OTBS 016 YCC FRB_Web VONS (5/10)
Additional Provisions of Agreement
ADVANCES. Whenever You request a transaction, We may require You to prove Your
We have on file for You. We may refuse to follow any instructions which run counter to
identity. Advances made on Your Account will be processed according to the
this provision.
instructions You give Us (such as by wire transfer, direct transfer to Your Credit Union
account or by other such means) and You authorize Us to do this, or We may draw a
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need only
draft or check made payable to You and mail it to You. When the amount advanced
pay the Minimum Monthly Payments, You understand that You have the right to repay at
appears on a subsequent statement, that will be conclusive evidence of Your advance
any time without penalty. You also understand that You will only be charged periodic
request unless You notify Us that You disagree with any such item appearing on Your
Finance Charges to the date You repay Your entire balance. You may make larger
periodic statement according to the provision of this Agreement titled "Your Billing
payments without penalty. Any partial payment or prepayment will not delay Your next
Rights: Keep this Document for Future Use". You understand that whether or not any
scheduled payment. All payments to Us must be in lawful money of the United States.
specific secured advance request is approved may be determined by how much equity
We may apply each payment to whichever Feature Category We wish. For all Feature
You have or will have in the shares, certificates and/or Collateral offered as security.
Categories (except VISA), payments will be applied first to any Late Charges owing,
then to the Finance Charge due, then to the outstanding principal balance. Except as
SECURITY. As permitted by law, to secure all transactions under this Agreement in
required by law, We may apply VISA payments in an order of Our choosing.
either joint or individual Accounts, We have the right to impress and enforce a statutory
lien against Your shares on deposit with Us (other than those deposits established under
Any unpaid portion of the Finance Charge will be paid by subsequent payments and will
a governmental approved tax deferral plan such as an IRA or Keogh account), and any
not be added to Your principal balance. You understand that any delay in the repayment
dividends due or to become due to You from Us to the extent that You owe on any
of Your unpaid balance will increase Your periodic Finance Charges and any
unpaid balance on Your Account and We may enforce Our right to do so without further
acceleration in the repayment of Your unpaid balance will decrease Your periodic
notice to You. Additionally, You agree that We may set-off any mutual indebtedness.
Finance Charges.
Whether additional Collateral will be required depends on the type of advance You
For all Feature Categories (except VISA), Minimum Monthly Payments will be disclosed
request. If You request an advance under a Feature Category which describes personal
to You at the time of each advance on a separate page titled "Credit Line Account
property, that property, including the proceeds of the sale of such property, must also be
Advance Request and Security Agreement".
given as Collateral. For example, a Feature Category called "New Car Advances"
means the Collateral will be a new car. The fact that We are acquiring a security interest
VISA Platinum Plus, VISA Platinum Premium, VISA Platinum New Start, and Share
in certain property and/or Certificate(s) will be disclosed in the "Credit Line Account
Secured VISA Platinum Minimum Payments will be an amount equal to 2.00% of Your
Advance Request and Security Agreement" form related to any initial advance. You will
new unpaid VISA Platinum Plus, VISA Platinum Premium, VISA Platinum New Start, or
be provided a copy of that form at the time You receive the initial advance for any
Share Secured VISA Platinum balance at the end of each billing cycle, subject to the
secured Feature Category.
lesser of $15.00 or Your balance, plus any portion of the Minimum Payments shown on
prior statement(s) which remains unpaid, plus any amount that exceeds Your approved
Except for Our security interest, any Collateral pledged as security for Your Account is
Credit Limit.
owned free and clear from any liens, adverse claims, security interests or
encumbrances. Without Our express written consent, no other liens, security interests or
You may, by separate agreement, authorize Us to charge Your payment directly to Your
encumbrances will be allowed to attach to the Collateral. You agree to inform Us
share or share draft account.
immediately if the Collateral is to be moved from the address We have on file for You or
at such other address at which You have informed the Credit Union the Collateral is now
LATE CHARGE (EXCEPT VISA). If Your payment is more than 10 days late, You will
located. The Collateral will not be sold or otherwise transferred and at all times the
be charged the greater of 20.00% of the Finance Charge due or $10.00.
Collateral will be kept in good repair. The Collateral shall not be used for any unlawful
purpose. We shall receive Your full cooperation in obtaining everything that We require
FINANCE CHARGES (EXCEPT VISA). A Finance Charge will be assessed on any
to place and/or maintain Our security interest and/or lien in the Collateral. We may
unpaid principal balance for each Feature Category of Your Account for the period such
examine and inspect the Collateral at any time, wherever located. All taxes or
balance is outstanding. Balances change each time advances are made, payments are
assessments on the Collateral shall be paid as they come due; if not paid, We may pay
made or credits given under any Feature Category. The Finance Charge begins to
them and will be entitled to reimbursement or alternatively, charge that amount to Your
accrue on the date of each advance and there is no grace period.
Account, under the related Feature Category.
HOW TO DETERMINE THE FINANCE CHARGE (EXCEPT VISA). For all Feature
You acknowledge that You own any certificates, shares and/or Collateral pledged as
Categories (except VISA), the Finance Charge is determined by multiplying Your unpaid
security and that there are no other liens against them other than Ours. You agree to
balance at the close of each day in the billing cycle being accounted for by the
perform all acts which are necessary to make Our security interest in the certificates,
applicable Daily Periodic Rate. The unpaid balance is the balance each day after
shares and/or Collateral being pledged enforceable.
payments, credits, and unpaid Finance Charges to that balance have been subtracted
and any new advances, insurance premiums or other charges have been added to Your
OTHER SECURITY. Collateral (other than household goods or any dwelling) given as
unpaid balance. These daily Finance Charges are then added together and the sum is
security under this Agreement or for any other loan You may have with Us will secure all
the amount of the Finance Charge owed for the Feature Category being accounted for.
amounts You owe Us now and in the future if that status is reflected in the "Truth-in-
The total Finance Charge You owe on Your Account for each billing cycle is the sum of
Lending Disclosure" in any particular Agreement evidencing such debt.
all the Finance Charges due for all applicable Feature Categories.
CONSENSUAL LIEN ON SHARES. If You have been issued a Credit Card, You
VISA FINANCE CHARGES. In the case of any transactions under Your VISA
grant and consent to a lien on Your shares with Us (except for IRA and Keogh
Platinum Plus, VISA Platinum Premium, VISA Platinum New Start, or Share Secured
accounts) and any dividends due or to become due to You from Us to the extent
VISA Platinum Feature Categories, the balances subject to the periodic Finance
You owe on any unpaid Credit Card balance.
Charge are the average daily transactions balances outstanding during the month
(new and previous). To get the average daily balance, We take the beginning
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA
balance of Your Account each day, add any new purchases, cash advances,
Platinum Feature Category, You agree to give Us a specific pledge of shares. For
insurance premiums, debit adjustments or other charges and subtract any payments,
Share Secured VISA Platinum the pledge of shares will equal Your credit limit. In the
credits and unpaid Finance Charges. This gives Us the daily balance. Then, We add
event that You default on Your Share Secured VISA Platinum Feature Category, We
up all the daily balances for the billing cycle and divide them by the number of days in
may apply these shares toward the repayment of any amount owed on such Feature
the billing cycle. The Finance Charge for a billing cycle is computed by multiplying
Category. You may cancel Your Share Secured VISA Platinum Feature Category at
the average daily balance subject to a Finance Charge by the Daily Periodic Rate
any time by paying any amounts owed on Your Feature Category. To be certain that
times the number of days in the billing cycle.
Your entire balance and all advances are paid, any shares pledged may not be
available to You for 30 days after You have cancelled and any outstanding balance is
You can avoid Finance Charges on purchases by paying the full amount of the entire
paid in full.
balance owed each month within 26 days of Your statement closing date. Otherwise, the
new balance of purchases, and subsequent purchases from the date they are posted to
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each
Your Account, will be subject to a Finance Charge. Cash advances and balance
Feature Category for which You are approved. Unless You are in default, any Credit
transfers are always subject to a Finance Charge from the later of the date they are
Limits established for You will generally be self-replenishing as You make payments.
posted to Your Account or from the first day of the billing cycle in which such transaction
is posted to Your Account.
You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay
any amount over Your Credit Limit on Our demand whether or not We authorize the
VISA LATE CHARGE. If Your payment is 5 or more days late, You will be charged the
advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is
lesser of: (a) the amount of the minimum payment due; or (b) $25.00.
less than Your Credit Limit, You will have no credit available during any time that any
aspect of Your Account is in default.
OVER-THE-CREDIT LIMIT FEE. If You have affirmatively consented to allow Us to pay
a
transaction that would exceed Your Credit Limit and We have acknowledged Your
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for the
consent as required by applicable law, subject to any limitations imposed by applicable
repayment of any amounts owed. If any Account access device, such as a Personal
law, You will be charged a fee for each billing cycle during which You exceed Your
Identification Number (PIN) is requested and approved, You understand that any such
Credit Limit. The fee will be an amount equal to the lesser of: (a) $25.00 (this amount
Account access device(s) will be mailed only to the primary Borrower at the address that
will be $29.00 if you have exceeded Your Credit Limit as described above within 6
Copyright Oak Tree Business Systems, Inc., 2010. All Rights Reserved.
Page 2 of 4
OTBS 016 YCC (5/10)
Additional Provisions of Agreement
months of previously exceeding Your Credit Limit); or (b) the amount by which You have
against fire and other hazards, with a policy as specified by Us, in the amount necessary
exceeded Your Credit Limit.
to protect Our security interest in the Collateral with Us named as loss payee for Our
protection and with a maximum deductible of $1,000. Such insurance shall protect
OTHER FEES AND CHARGES. You will be charged the following fees associated with
against loss by fire, theft, and collision, and will provide "all risks" hull insurance in the
the use of Your Card: (a) the lesser of $15.00 for any check (or other negotiable
case of aircraft or boats and accessories thereto, if any. You may purchase the
instrument used for payment) which is returned unpaid, or the required minimum
insurance from any insurer You want, but We have the right not to accept the insurer for
payment amount for the returned payment; (b) for VISA Platinum Plus, a cash advance
reasonable cause. If You do not get or keep such insurance, We may (but are under no
fee FINANCE CHARGE equal to the greater of 2.00% of each advance or $5.00,
obligation to do so) obtain it and: (a) add the costs to the principal balance of Your
subject to a maximum of $25.00; and (c) $6.00 for each replacement Card You request.
Account; (b) increase Your periodic payment; and/or (c) demand that You pay the cost
in a single lump sum. In any case, You agree to pay for the cost of any such insurance
OVERDRAFT PROTECTION. We may transfer funds in multiples of $100.00 (or in
and if You fail to do so, We may declare Your Account in default. You agree to deliver
such increments as We may from time to time determine) to Your share draft account
satisfactory evidence of the insurance policy to Us within any time period specified in
by an advance on Your VISA Platinum Plus, VISA Platinum Premium, VISA Platinum
any notice from Us or on Our behalf. You understand that any property insurance
New Start, or Share Secured VISA Platinum Feature Category, subject to this provision,
obtained by Us on the Collateral will only protect Our interest in this Agreement and the
to clear any Overdraft on Your share draft account. Whether or not such transfers occur
Collateral and that the cost of such insurance may be remarkably greater than that
will be controlled by this Agreement. In any event, You hold Us harmless for any and all
which You obtain on Your own, all of which means that property insurance obtained by
liability which might otherwise arise if the transfer does not occur. Overdraft Protection
Us on Your behalf may cost You more and provide less coverage on the Collateral. We
automatically ceases if this Agreement is ever cancelled or terminated or Your Account
have the authority to obtain, adjust, settle or cancel insurance and may endorse any
is in default.
party's name on any draft.
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing all
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
transactions on Your Account including amounts paid and borrowed since Your last
Disclosure Federal Truth-In-Lending Act", and/or "Credit Line Account Advance
statement. We will mail You a statement each month in which there is a debit or credit
Request and Security Agreement" which is delivered together with this Agreement or at
balance or when a Finance Charge is imposed. We need not send You a statement if
a later date becomes an integrated part of this Agreement and Disclosure.
We feel Your Account is uncollectible or if We have started collection proceedings
against You because You defaulted. EACH STATEMENT IS DEEMED TO BE A
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement. By
CORRECT STATEMENT OF ACCOUNT UNLESS YOU ESTABLISH A BILLING
signing the application; or by using Your Account or any Account access device; or by
ERROR PURSUANT TO THE FEDERAL TRUTH-IN-LENDING ACT.
authorizing another to use Your Account, You agree to and accept its terms.
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts to
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
update information contained in Your original Account application or other financial
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have been
information related to You, at Our request. You also agree that We may, from time to
reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
time, as We deem necessary, make inquiries pertaining to Your employment, credit
postdated Convenience Check is paid and, as a result, any other Convenience Check is
standing and financial responsibility in accordance with applicable laws and regulations.
returned unpaid, We are not responsible for any resulting loss or liability.
You further agree that We may give information about the status and payment history of
Your Account to consumer credit reporting agencies, a prospective employer or insurer,
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
or a state or federal licensing agency having any apparent legitimate business need for
obligation under this Agreement, or any other agreement that You may have with Us; or (b)
such information.
You should die, become involved in any insolvency, receivership or custodial proceeding
brought by or against You; or (c) You have made a false or misleading statement in Your
TERMINATION. Either You or We may cancel Your Account or any particular Feature
credit application and/or in Your representations to Us while You owe money on Your
Category of Your Account, at any time, whether or not You are in default. You will, in any
Account; or (d) A judgment or tax lien should be filed against You or any attachment or
case, remain liable to pay any unpaid balances according to the terms of Your Account.
garnishment should be issued against any of Your property or rights, specifically including
anyone starting an action or proceeding to seize any of Your funds on deposit with Us;
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
and/or (e) We should, in good faith, believe Your ability to repay Your indebtedness
State of California except to the extent that such laws are inconsistent with
hereunder is or soon will be impaired, time being of the very essence.
controlling federal law.
Upon any occurrence of default, We may, to the extent permitted by law, cancel Your
SPECIFIC TERMS APPLICABLE TO YOUR VISA PLATINUM
rights under this Agreement, require the return of all access devices and declare the
PLUS, VISA PLATINUM PREMIUM, VISA PLATINUM NEW START,
entire balance of every Feature Category of Your Account immediately due and payable,
OR SHARE SECURED VISA PLATINUM CREDIT CARDS
without prior notice or demand. If Your entire Account balance is not then paid
immediately upon default, and if permitted by law, the Collateral shall be voluntarily
USE OF YOUR CARD. You may use Your Card to buy goods and services in any place
surrendered to the Credit Union at a time and place acceptable to it. If this is not done,
that it is honored and to get cash advances at participating financial institutions. You
to the extent permitted by law, the Credit Union may enter the premises where the
agree not to use Your Card for illegal transactions including, but not limited to, advances
Collateral is located and take possession of it and the Credit Union may assert the
made for the purpose of gambling and/or wagering where such practices are in violation
defense of a superior right of possession as the holder of a security interest to any
of applicable state and/or federal law.
offense of alleged wrongful taking and conversion. The Credit Union may sell or dispose
of the Collateral in any manner permitted by law, and any resulting deficiency on Your
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any time
Account shall be immediately paid to the Credit Union. You further agree that We may, if
without notice. You agree to surrender Your Card and to discontinue its use immediately
necessary and at Our option, improve the Collateral from the state that it is in at the time
upon Our request.
of repossession to a state that is considered reasonable and customary for normal use
of the Collateral and You agree to reimburse Us for any and all costs incurred in the
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. We will issue a Personal
course of such improvements.
Identification Number (PIN) for use with participating Automated Teller Machines
(ATMs). This PIN is confidential and should not be disclosed to anyone. You may use
COLLECTION COSTS. In the event collection efforts are required to obtain payment on
Your PIN to access Your Account and all sums advanced will be added to Your Account
this Account, to the extent permitted by law, You agree to pay all court costs, private
balance. In the event a use of Your PIN constitutes an electronic fund transfer, the terms
process server fees, investigation fees or other costs incurred in collection and
and conditions of Your electronic fund transfer agreement may also affect Your rights.
reasonable attorneys' fees incurred in the course of collecting any amounts owed under
this Agreement or in the recovery of any Collateral.
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other slips
You may sign or receive when using Your Card contain terms, this Agreement is the
ENFORCEMENT. We do not lose Our rights under this or any related agreement if We
contract which solely applies to all transactions involving the Card.
delay enforcing them. We can accept late payments, partial payments or any other
payments, even if they are marked "paid in full" without losing any of Our rights under
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card. You
this Agreement. If any provision of this or any related agreement is determined to be
will not be liable for the unauthorized use that occurs after You notify Us of the loss,
unenforceable or invalid, all other provisions remain in full force and effect.
theft, or possible unauthorized use by calling Us during regular business hours at (800)
488-8328, or after hours, on weekends or holidays at (800) 325-3678, or by writing to Us
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move or
at the address shown in this Agreement. In any case, Your liability will not exceed
otherwise change Your address or telephone number.
$50.00.
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
delivering to You written notice of the changes as prescribed by the Federal Truth-In-
the refusal or inability of merchants, financial institutions and others to accept the Cards
Lending Act. To the extent permitted by law, the right to change the terms of this
or Convenience Checks, or electronic terminals to honor the Cards or complete a Card
Agreement includes, but is not limited to, the right to change the periodic rate applicable
withdrawal, or for their retention of the Cards or Convenience Checks.
to Your unpaid balance and/or future advances.
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and foreign
PROPERTY INSURANCE. You agree to insure the property described in the Security
currencies, the exchange rate between the transaction currency and the billing currency
Interest section of any Credit Line Account Advance Request and Security Agreement
(U.S. dollars) will be: (a) a rate selected by VISA from the range of rates available in
Copyright Oak Tree Business Systems, Inc., 2010. All Rights Reserved.
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Additional Provisions of Agreement
wholesale currency markets for the applicable central processing date, which rate may
2)
Within 90 days of receiving Your letter, We must either correct the error o
vary from the rate VISA itself receives; or (b) the government-mandated rate in effect
explain to You why We believe the bill is correct.
for the applicable central processing date. In each instance, You will be charged a fee
in an amount equal to 1.00% of the settlement amount.
While We investigate whether or not there has been an error:
TRANSACTION SLIPS. Your monthly statement will identify the merchant, electronic
We cannot try to collect the amount in question, or report You as delinquent on
terminal or financial institution at which transactions were made, but sales, cash
that amount.
advances, credit or other slips cannot be returned with the statement.
The charge in question may remain on Your statement, and We may continue to
charge You interest on that amount.
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards or
While You do not have to pay the amount in question, You are responsible for
Convenience Checks, You will immediately call Us during regular business hours at
the remainder of Your balance.
(800) 488-8328, or after hours, on weekends or holidays at (800) 325-3678, or by
We can apply any unpaid amount against Your Credit Limit.
writing to Us at the address shown in this Agreement.
After We finish Our investigation, one of two things will happen:
CREDITS. If a merchant who honors Your Card gives You credit for returns or
adjustments, they will do so by sending Us a slip which will be posted to Your
If We made a mistake: You will not have to pay the amount in question or any
Account. If Your credits and payments exceed what You owe Us, We will hold and
interest or other fees related to that amount.
apply this credit against future purchases and cash advances, or if it is $1.00 or
If We do not believe there was a mistake: You will have to pay the amount in
more refund it on Your written request automatically deposit it to Your share account
question, along with applicable interest and fees. We will send You a statement
after 6 months.
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.
Your Billing Rights: Keep this Document for Future Use
If You receive Our explanation but still believe Your bill is wrong, You must write to Us
This notice tells You about Your rights and Our responsibilities under the Fair Credit
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report
Billing Act.
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
What To Do If You Find A Mistake On Your Statement
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
If You think there is an error on Your statement, write to Us at Our address shown in
question even if Your bill is correct.
this Agreement. In Your letter, give us the following information:
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
Account information: Your name and Account number.
Dollar amount: The dollar amount of the suspected error.
If You are dissatisfied with the goods or services that You have purchased with Your
Description of problem: If You think there is an error on Your bill, describe what
Credit Card, and You have tried in good faith to correct the problem with the merchant,
You believe is wrong and why You believe it is a mistake.
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:
You must contact Us:
1)
The purchase must have been made in Your home state or within 100 miles of
Within 60 days after the error appeared on Your statement.
Your current mailing address, and the purchase price must have been more than
At least 3 business days before an automated payment is scheduled, if You want
$50. (Note: Neither of these are necessary if Your purchase was based on an
to stop payment on the amount You think is wrong.
advertisement We mailed to You, or if We own the company that sold You the
goods or services.)
You must notify Us of any potential errors in writing. You may call Us, but if You do We
2)
You must have used Your Credit Card for the purchase. Purchases made with
are not required to investigate any potential errors and You may have to pay the
cash advances from an ATM or with a check that accesses Your Credit Card
amount in question.
account do not qualify.
3)
You must not yet have fully paid for the purchase.
What Will Happen After We Receive Your Letter
If all of the criteria above are met and You are still dissatisfied with the purchase,
When We receive Your letter, We must do two things:
contact Us in writing at Our address shown in this Agreement.
1)
Within 30 days of receiving Your letter, We must tell You that We
While We investigate, the same rules apply to the disputed amount as discussed
received Your letter. We will also tell You if We have already corrected
above. After We finish Our investigation, We will tell You Our decision. At that point, if
the error.
We think You owe an amount and You do not pay, We may report You as delinquent.
Copyright Oak Tree Business Systems, Inc. 2010. All Rights Reserved.
Page 4 of 4
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PRICING INFORMATION ADDENDUM -
4455 Arden Drive
CREDIT LINE ACCOUNT AGREEMENT
P.O. Box 8023
El Monte, CA 91734-2323
AND DISCLOSURE STATEMENT
vonscreditunion (800) 488-8328
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA PLATINUM PLUS,
VISA PLATINUM NEW START, VISA PLATINUM PREMIUM AND SHARE SECURED VISA PLATINUM
CREDIT CARDS. PLEASE BE SURE TO READ THIS ADDENDUM CAREFULLY AND NOTIFY US AT ONCE
IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA Platinum Plus:
8.90%
VISA Platinum New Start:
16.90%
For Purchases, Balance
VISA Platinum Premium:
13.90%
Share Secured VISA Platinum:
10.90%
Transfers and Cash Advances
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 26 days from Your statement closing date. We will begin charging interest
on cash advances and balance transfers on the transaction date.
Fees
Transaction Fees
Foreign Transaction
1.00% of each foreign currency transaction in U.S. dollars.
Cash Advance
For VISA Platinum Plus, 2.00% of each advance ($5.00 minimum - $25.00 maximum)
Penalty Fees
Returned Payment
Up to $15.00
Over-the-Credit Limit
Up to $29.00
Late Payment
Up to $25.00 after 4 days
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your Account
Agreement.
FINANCE CHARGES. In the case of any transactions under Your VISA Platinum Plus, VISA Platinum Premium, VISA Platinum New Start, or Share Secured VISA Platinum
Feature Categories, the balances subject to the periodic Finance Charge are the average daily transactions balances outstanding during the month (new and previous). To get
the average daily balance, We take the beginning balance of Your Account each day, add any new purchases, cash advances, insurance premiums, debit adjustments or other
charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance. Then, We add up all the daily balances for the billing cycle and divide
them by the number of days in the billing cycle. The Finance Charge for a billing cycle is computed by multiplying the average daily balance subject to a Finance Charge by the
Daily Periodic Rate times the number of days in the billing cycle.
You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 26 days of Your statement closing date. Otherwise, the new
balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. Cash advances and balance transfers are always
subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which such transaction is posted to Your Account.
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum Plus balance will be 0.024384% (corresponding ANNUAL PERCENTAGE RATE 8.90%).
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum Premium balance will be 0.038082% (corresponding ANNUAL PERCENTAGE RATE
13.90%).
The Daily Periodic Rate that will apply to Your unpaid VISA Platinum New Start balance will be 0.046301% (corresponding ANNUAL PERCENTAGE RATE
16.90%).
The Daily Periodic Rate that will apply to Your unpaid Share Secured VISA Platinum balance will be 0.029863% (corresponding ANNUAL PERCENTAGE
RATE 10.90%).
Copyright Oak Tree Business Systems, Inc. 2010. All Rights Reserved.
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