CREDIT CARD AGREEMENT AND
KEMBA CREDIT UNION, INC.
P.O. BOX 14090
DISCLOSURE STATEMENT
CINCINNATI, OH 45250
KEMBA
Cincinnati
(800) 825-3622
THIS IS YOUR CREDIT CARD AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-
FAX (513) 762-1619
LENDING DISCLOSURE STATEMENTS, VISA, SHARE SECURED VISA, VISA PLATINUM, VISA
GOLD, GCFCU VISA, MASTERCARD AND SHARE SECURED MASTERCARD AGREEMENTS, AND
ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR VISA, SHARE SECURED VISA,
VISA GOLD, VISA PLATINUM, GCFCU VISA, MASTERCARD AND SHARE SECURED MASTERCARD
CREDIT CARDS AND/OR 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:
%
(APR) For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Annual Percentage Rate
VISA:
%
(APR) For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Annual Percentage Rate
VISA:
%
(APR) For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a Credit Card, visit
Consumer Financial Protection
the website of the Consumer Financial Protection Bureau at
Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee
For MasterCard, Share Secured MasterCard and Share Secured VISA, $25.00
SEE TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2013 - 2018. All Rights Reserved.
Page 1 of 4
OTBS 016CC FRB_WEB KEMB (1/17)
Rev. (6/16)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars.
Balance Transfer
2.00% of each transfer ($2.00 minimum - $50.00 maximum).
Cash Advance
2.00% of each advance ($2.00 minimum - $50.00 maximum).
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00
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.
SEE PAGE 1 for more important Information about Your Account
In this Agreement, the reference to "We," "Us," "Our" and "Credit Union" mean KEMBA CREDIT UNION, INC. 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, Share Secured VISA, VISA Gold, Visa Platinum,
GCFCU VISA, MasterCard and/or Share Secured MasterCard Credit Card issued to You by Us and any duplicates or renewals We may issue. "Convenience Checks" mean
the special Account access devices that We may provide for Your use from time to time.
Current
Current
Current
Type of Credit Card
Variable Rate
Margin
Daily Periodic
Annual Percentage
Index Value
Rate
Rate
VISA
%
%
%
%
VISA Gold
%
%
%
%
Share Secured VISA
%
%
VISA Platinum
%
%
GCFCU VISA
%
%
MasterCard
%
%
Share Secured MasterCard
%
%
You understand the following terms constitute the Agreement:
ISSUANCE OF PERSONAL IDENTIFICATION NUMBER. We will issue You a
Personal Identification Number (PIN) for use with Your Card. This PIN is confidential
PROMISE TO PAY. Your Account may be accessible through a variety of means
and should not be disclosed to anyone. You may use Your PIN and Your Card
to
which could include advance request forms, vouchers, checks, charge slips, Credit
access Your Account and all sums advanced will be added to Your Account balance.
Cards, Convenience Checks and the like. Regardless of the access means, You
In the event a use of Your PIN constitutes an Electronic Fund Transfer, the terms and
promise to pay Us all amounts charged to Your Account by You or by any user
conditions of Your Electronic Fund Transfer Agreement may affect Your rights.
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
CREDIT LIMITS. You will be notified of Your specific Credit Limit for transactions made
described herein.
under Your Account. Unless You are in default, Your Credit Limit will be self-replenishing
as You make payments on Your Account. You will keep Your unpaid balance within Your
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for
Credit Limit, and You will pay any amount over Your Credit Limit on Our demand whether
the repayment of amounts owed. You understand that any Card which is requested
or not We authorize the advance which caused You to exceed Your Credit Limit. Even if
and approved, will be mailed only to the primary Borrower at the address that We
Your unpaid balance is less than Your Credit Limit, You will have no credit available
have on file for You. We may refuse to follow any instructions which run counter to
during any time that any aspect of Your Account is in default.
this provision.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA
OWNERSHIP. All access devices remain Our property and may be cancelled by Us
or Share Secured MasterCard, You agree to give Us a specific pledge of shares which
at any time without notice. You agree to surrender any such access device and to
will be equal to 125% of Your Credit Limit. In the event that You default on Your
discontinue its use immediately upon Our request.
Account, We may apply these shares toward the repayment of any amount owed on
Your Account.
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
place that it is honored and to get cash advances from Us or another financial
FINANCE CHARGES. In the case of any transactions on Your Account, the balances
institution. If You are issued a cash advance draft, it will be imprinted with Your Card
subject to the periodic Finance Charge are the average daily transactions balances
and You will receive a copy of the draft. You agree not to use Your Card for illegal
outstanding during the month (including new transactions). To get the average daily
transactions including, but not limited to, advances made for the purpose of gambling
balance, We take the beginning balance of Your Account each day, add any new
and/or wagering where such practices are in violation of applicable state and/or
purchases, balance transfers, cash advances, insurance premiums, debit
federal law.
adjustments or other charges and subtract any payments, credits and unpaid Finance
Copyright Oak Tree Business Systems, Inc., 2013 - 2018. All Rights Reserved.
Page 2 of 4
OTBS 016CC KEMB (1/17)
Rev. (6/16)
Charges or Late Charges. This gives Us the daily balance. Then, We add up all the
the copy of such slips furnished at the time of the transaction in order to verify Your
daily balances for the billing cycle and divide them by the number of days in the billing
monthly statement.
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
CREDITS. If a merchant who honors Your Card gives You credit for returns or
of days in the billing cycle.
adjustments, the merchant will do so by sending Us a slip which will be posted to Your
Account. If Your credits and payments exceed what You owe Us, We will hold and
You can avoid Finance Charges on purchases by paying the full amount of the entire
apply this credit against future purchases and cash advances, or if it is $1.00 or more,
balance owed each month within 25 days of Your statement closing date.
refund it on Your written request or automatically deposit it to Your share account after
Otherwise, the new balance of purchases, and subsequent purchases from the date
6 months.
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 date they are
LATE CHARGE. If Your payment is not received within 55 days of the Statement
posted to Your Account.
Closing Date of the statement for which that payment is due, You will be charged the
lesser of: (a) the amount of the minimum payment due; or (b) $25.00.
VISA AND VISA GOLD VARIABLE INTEREST RATE. All VISA and VISA Gold
transactions are subject to a Variable Rate which is based on the most recent Prime
ANNUAL MEMBERSHIP FEE. MasterCard, Share Secured MasterCard and Share
Rate available as published in the Money Rates Section of The Wall Street Journal
Secured VISA accountholders will be charged a non-refundable Annual Cardholder
and will be the most recent rate available on the last day of each calendar quarter of
fee of $25.00 per year for Your continued participation in that particular Credit Card
each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest
accessible program. This annual fee is required each year in order to continue Your
Rate. Changes in the Index will cause changes in the Interest Rate on the first day of
credit availability. We will automatically post this fee to Your Account on the first day
the first statement cycle following the end of each calendar quarter of each year.
of the billing cycle in which it is due. You can avoid paying it by sending written
Increases or decreases in the Interest Rate will cause like increases or decreases in
notification of termination of Your Account within 30 days following the mailing date of
the Finance Charge and will affect the number of Your scheduled payments. Your
the statement on which it appears.
Interest Rate will never be greater than 18.00%.
OTHER FEES AND CHARGES. You will be charged the following fees and charges
MINIMUM MONTHLY PAYMENT. Though You need only pay the Minimum Monthly
associated with the use of Your Credit Card: (a) the lesser of $25.00 or the required
Payments, You understand that You have the right to repay Your Account or make
minimum payment amount for the returned payment for any check (or other
larger payments at any time without penalty. You will only be charged periodic Finance
negotiable instrument used for payment) which is returned unpaid; (b) $5.00 for
Charges to the date You repay Your entire Account balance. Any partial payment or
each sales draft copy You request; (c) a cash advance fee FINANCE CHARGE in
prepayment of Your Account will not delay Your next scheduled payment. All
an amount equal to 2.00% of the total amount advanced, subject to a minimum of
payments to Us must be in lawful money of the United States.
$2.00 and a maximum of $50.00; (d) a balance transfer fee FINANCE CHARGE in
an amount equal to 2.00% of the total amount transferred, subject to a minimum of
Payments will be applied in the following order: (a) any Fees and Charges owing; (b)
$2.00 and a maximum of $50.00; and (e) $20.00 for each Card that You request be
any Finance Charges due; (c) the balance for cash advances; (d) the balance for
delivered on an expedited basis.
balance transfers; and then to (e) the balance for purchases.
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
Any unpaid portion of any Finance Charges and Late Charges will be paid by
obligation under this Agreement, or any other agreement that You may have with Us; or
subsequent payments and will not be added to the principal. You understand that any
(b) You should die, become involved in any insolvency, receivership or custodial
payment that delays the repayment of Your unpaid balance will increase Your Finance
proceeding brought by or against You; or (c) You have made a false or misleading
Charge and any payment that accelerates the reduction of Your unpaid balance will
statement in Your credit application and/or in Your representations to Us while You owe
decrease Your Finance Charges.
money on Your Account; or (d) A judgment or tax lien should be filed against You or any
attachment or garnishment should be issued against any of Your property or rights,
Minimum Monthly Payments for advances on Your Account will be an amount equal
specifically including anyone starting an action or proceeding to seize any of Your funds
to 2.00% of Your balance at the end of each billing cycle, subject to the lesser of
on deposit with Us and/or (e) We should, in good faith, believe Your ability to repay Your
$10.00 or Your Account balance, plus any portion of the Minimum Payments shown
indebtedness hereunder is or soon will be impaired, time being of the very essence.
on prior statement(s) which remains unpaid, plus any amount that exceeds Your
approved Credit Limit.
If You are in default, We may, without notice or demand, and to the extent permitted by law,
cancel Your rights under this Agreement, declare the entire unpaid balance immediately
CONSENSUAL LIEN ON SHARES. As permitted by law, You grant and
due and payable and require the return of all Cards and other Account Access devices.
consent to a lien on Your shares or other deposit accounts with Us (other
than those deposits established under a governmental-approved tax deferral
COLLECTION COSTS. To the extent permitted by law, You will reimburse Us for all of
plan such as an IRA or Keogh account) and any dividends due or to become
Our costs and expenses, including reasonable attorneys' fees incurred in the course of
due to You from Us to the extent You owe on any unpaid Credit Card balance.
collecting any amounts owed under this Agreement or for the recovery of any collateral.
CREDIT INSURANCE. Credit insurance is not required for any extension of credit
OTHER SECURITY. Collateral (other than household goods or any dwelling) given as
under this Agreement. However, You may purchase any credit insurance available
security under this Agreement or for any other loan You may have with Us will secure
through Us and have the premiums added to the outstanding balance of Your
all amounts You owe Us now and in the future if that status is reflected in the "Truth-
Account. If You elect to do so, You will be given the necessary disclosures and
in-Lending Disclosure" in any particular Agreement evidencing such debt.
documents separately. Any credit insurance premiums will be charged to Your
Account as a purchase.
PERIODIC STATEMENT. On a regular basis, You will receive a statement showing
all
transactions on Your Account including amounts paid and borrowed since Your last
ENFORCEMENT. We do not lose Our rights under this or any related agreement if
statement. We will mail You a statement each billing cycle in which there is a debit or
We delay enforcing them. We can accept late payments, partial payments, or any
credit balance or when a Finance Charge is imposed. We need not send You a
other payments, even if they are marked "paid in full" without losing any of Our rights
statement if We feel Your Account is uncollectible or if We have started collection
under this Agreement. If any provision of this or any related agreement is determined
proceedings against You because You defaulted.
to be unenforceable or invalid, all other provisions remain in full force and effect.
Each statement is deemed to be a correct statement of account unless You establish
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your
a billing error pursuant to the Federal Truth-In-Lending Act.
Account. You will not be liable for the unauthorized use that occurs after You notify
Us orally and in writing at the address or telephone number shown in this
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
Agreement, of the loss, theft, or possible unauthorized use. In any case, Your
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
liability will not exceed $50.00.
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have
been reported lost or stolen; (3) Your Account has been cancelled or has expired; and
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly in writing if You
(4) a Convenience Check is used for payment on this or any other loan Account with
move or otherwise have a change of address.
Us. If a postdated Convenience Check is paid and, as a result, any other Convenience
Check is returned unpaid, We are not responsible for any resulting loss or liability.
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
delivering to You written notice of the changes as prescribed by the Federal Truth-In-
TRANSACTION SLIPS. Your periodic statement will identify the merchant, electronic
Lending Act. To the extent permitted by law, the right to change the terms of this
terminal or financial institution at which transactions were made, but sales, cash
Agreement includes, but is not limited to, the right to change the periodic rate
advances, credit or other slips will not be returned with the statement. You will retain
applicable to Your unpaid balance and/or future advances.
Copyright Oak Tree Business Systems, Inc., All Rights Reserved.
Page 3 of 4
OTBS 016CC KEMB (1/17)
Rev. (6/16)
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
At least 3 business days before an automated payment is scheduled, if You want
the refusal or inability of merchants, financial institutions and others to accept the
to stop payment on the amount You think is wrong.
Cards or Convenience Checks, or electronic terminals to honor the Cards or complete
a Card withdrawal, or for their retention of the Cards or Convenience Checks.
You must notify Us of any potential errors in writing. You may call Us, but if You do
We are not required to investigate any potential errors and You may have to pay the
LOST CARDS. To report lost or stolen Credit Cards, You will call Us immediately at
amount in question.
(800) 825-3622 or (513) 762-5070 or, You can write to Us at P. O. Box 14090,
Cincinnati, OH, 45250-0090.
What Will Happen After We Receive Your Letter
FOREIGN TRANSACTIONS. For transactions initiated in foreign currencies, the
When We receive Your letter, We must do two things:
exchange rate between the transaction currency and the billing currency (U.S.
dollars) will be: (a) a rate selected by VISA and/or MasterCard, as is applicable,
1) Within 30 days of receiving Your letter, We must tell You that We received Your
from the range of rates available in wholesale currency markets for the applicable
letter. We will also tell You if We have already corrected the error.
central processing date, which rate may vary from the rate VISA or MasterCard
2) Within 90 days of receiving Your letter, We must either correct the error or explain
itself receives; or (b) the government-mandated rate in effect for the applicable
to You why We believe the bill is correct.
central processing date.
While We investigate whether or not there has been an error:
For all transactions, You will be charged 1.00% calculated on the final
settlement amount.
We cannot try to collect the amount in question, or report You as delinquent on
that amount.
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
The charge in question may remain on Your statement, and We may continue to
slips You may sign or receive when using the Card contain terms, this Agreement is
charge You interest on that amount.
the contract which solely applies to all transactions involving Your Account.
While You do not have to pay the amount in question, You are responsible for the
remainder of Your balance.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement.
We can apply any unpaid amount against Your Credit Limit.
By signing the Application and Your Credit Card, by using the Card, by using Your
Account or by authorizing another to use Your Account, You agree to accept its terms.
After We finish Our investigation, one of two things will happen:
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
If We made a mistake: You will not have to pay the amount in question or any
Disclosure - Federal Truth-In-Lending Act" which is delivered to You and relates to
interest or other fees related to that amount.
this Agreement is an integrated part of this Agreement and Disclosure.
If We do not believe there was a mistake: You will have to pay the amount in
question, along with applicable interest and fees. We will send You a statement
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts to
of the amount You owe and the date payment is due. We may then report You as
update personal information or other financial information related to You, at Our request.
delinquent if You do not pay the amount We think You owe.
You also agree that We may, from time to time, as We deem necessary, make inquiries
pertaining to Your employment, credit standing and financial responsibility in accordance
If You receive Our explanation but still believe Your bill is wrong, You must write to Us
with applicable laws and regulations. You further agree that We may give information
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report
about the status and payment history of Your Account to consumer credit reporting
You as delinquent without also reporting that You are questioning Your bill. We must
agencies, a prospective employer or insurer, or a state or federal licensing agency
tell You the name of anyone to whom We reported You as delinquent, and We must
having any apparent legitimate business need for such information.
let those organizations know when the matter has been settled between Us. If We do
not follow all of the rules above, You do not have to pay the first $50.00 of the amount
TERMINATION. Subject to applicable law, either You or We may cancel Your Account
You question even if Your bill is correct.
at any time whether or not You are in default. You will, in any case, remain liable to
pay any unpaid balances according to the terms of this Agreement.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
If You are dissatisfied with the goods or services that You have purchased with Your
State of Ohio except to the extent that such laws are inconsistent with controlling
Credit Card, and You have tried in good faith to correct the problem with the merchant,
federal law.
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:
Your Billing Rights: Keep this Document for Future Use
1) The purchase must have been made in Your home state or within 100 miles of
This notice tells You about Your rights and Our responsibilities under the Fair
Your current mailing address, and the purchase price must have been more than
Credit Billing Act.
$50.00. (Note: Neither of these are necessary if Your purchase was based on an
advertisement We mailed to You, or if We own the company that sold You the
What To Do If You Find A Mistake On Your Statement
goods or services.)
2) You must have used Your Credit Card for the purchase. Purchases made with
If You think there is an error on Your statement, write to Us at Our address shown in
cash advances from an ATM or with a check that accesses Your Credit Card
this Agreement. In Your letter, give Us the following information:
account do not qualify.
3) You must not yet have fully paid for the purchase.
Account information: Your name and Account number.
Dollar amount: The dollar amount of the suspected error.
If all of the criteria above are met and You are still dissatisfied with the purchase,
Description of problem: If You think there is an error on Your bill, describe what
contact Us in writing at Our address shown in this Agreement.
You believe is wrong and why You believe it is a mistake.
While We investigate, the same rules apply to the disputed amount as discussed above.
You must contact Us:
After We finish Our investigation, We will tell You Our decision. At that point, if We think
Within 60 days after the error appeared on Your statement.
You owe an amount and You do not pay, We may report You as delinquent.
Copyright Oak Tree Business Systems, Inc., 2013 2018. All Rights Reserved.
Page 4 of 4
OTBS 016CC KEMB (1/17)
Rev. (6/16)
PRICING INFORMATION ADDENDUM -
KEMBA CREDIT UNION, INC.
P.O. BOX 14090
CREDIT CARD AGREEMENT
CINCINNATI, OH 45250
Cincinnati
(800) 825-3622
KEMBA
AND DISCLOSURE STATEMENT
FAX (513) 762-1619
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA, SHARE
SECURED VISA, VISA GOLD, VISA PLATINUM, GCFCU VISA, MASTERCARD AND SHARE
SECURED MASTERCARD CREDIT CARDS. PLEASE BE CERTAIN TO READ THIS ADDENDUM
CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate
VISA: 11.74%
(APR) For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Gold:
9.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
9.90%
Share Secured VISA:
18.00%
GCFCU VISA: 12.90%
Share Secured MasterCard:
18.00%
MasterCard:
13.90%
Annual Percentage Rate
VISA: 11.74%
(APR) For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold: 9.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum: 9.90%
Share Secured VISA: 18.00%
GCFCU VISA: 12.90%
Share Secured MasterCard: 18.00%
MasterCard: 13.90%
Annual Percentage Rate
VISA: 11.74%
(APR) For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold: 9.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum: 9.90%
Share Secured VISA: 18.00%
GCFCU VISA: 12.90%
Share Secured MasterCard: 18.00%
MasterCard: 13.90%
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a Credit Card, visit
Consumer Financial Protection
the website of the Consumer Financial Protection Bureau at
Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee
For MasterCard, Share Secured MasterCard and Share Secured VISA, $25.00
SEE TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2013-2018. All Rights Reserved.
Page 1 of 2
OTBS 016A CC FRB_WEB KEMB (6/17)
Rev. (4/18)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars.
Balance Transfer
2.00% of each transfer ($2.00 minimum - $50.00 maximum).
Cash Advance
2.00% of each advance ($2.00 minimum - $50.00 maximum).
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00
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.
SEE PAGE 1 for more important Information about Your Account
FINANCE CHARGES. In the case of any transactions on Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances
outstanding during the month (including new transactions). To get the average daily balance, We take the beginning balance of Your Account each day, add any new purchases,
balance transfers, cash advances, insurance premiums, debit adjustments, or other charges and subtract any payments, credits, and unpaid Finance Charges or Late 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 25 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 date they are posted to Your Account.
VISA is subject to a current Daily Periodic Rate of 0.032165% (corresponding ANNUAL PERCENTAGE RATE 11.74%).
VISA Gold is subject to a current Daily Periodic Rate of 0.026000% (corresponding ANNUAL PERCENTAGE RATE 9.49%).
Share Secured VISA is subject to a Daily Periodic Rate of 0.049315% (corresponding ANNUAL PERCENTAGE RATE 18.00%).
VISA Platinum is subject to a Daily Periodic Rate of 0.027123% (corresponding ANNUAL PERCENTAGE RATE 9.90%).
GCFCU VISA is subject to a Daily Periodic Rate of 0.035342% (corresponding ANNUAL PERCENTAGE RATE 12.90%).
MasterCard is subject to a Daily Periodic Rate of 0.038082% (corresponding ANNUAL PERCENTAGE RATE 13.90%).
Share Secured MasterCard is subject to a Daily Periodic Rate of 0.049315% (corresponding ANNUAL PERCENTAGE RATE 18.00%).
VISA AND VISA GOLD VARIABLE INTEREST RATE. All VISA and VISA Gold transactions are subject to a Variable Rate which is based on the most recent Prime Rate
available as published in the Money Rates Section of The Wall Street Journal and will be the most recent rate available on the last day of each calendar quarter of each year
("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of the first statement
cycle following the end of each calendar quarter of each year. Increases or decreases in the Interest Rate will cause like increases or decreases in the Finance Charge and
will affect the number of Your scheduled payments. Your Interest Rate will never be greater than 18.00%.
The applicable Margins are as follows: VISA 6.99%; and VISA Gold 4.74%.
Copyright Oak Tree Business Systems, Inc., 2013-2018. All Rights Reserved.
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OTBS 016A CC FRB_WEB KEMB (6/17)
Rev. (4/18)