11. Finance Charges on Account Balance
 A FINANCE CHARGE  computed on a monthly periodic rate (�MPR�) 
will begin to accrue for new Purchases, if you do not pay the New  
Balance in full within 25 days after the billing date of the statement on 
which the new Purchases first appear. A FINANCE CHARGE  computed 
on a monthly periodic rate (�MPR�) will begin to accrue on the transaction 
date of Cash Advance(s) or Purchases (except as provided above), or 
the first day of the billing cycle, whichever is later, and will continue to be 
imposed until you have paid any outstanding balance in full. The Credit 
Union calculates the FINANCE CHARGE  as follows:
 a. The FINANCE CHARGE  will be figured by applying the monthly 
periodic rate of your Account, indicated in the following schedule, to the  
average daily balance of Purchases and Cash Advances. The monthly  
periodic rate and ANNUAL PERCENTAGE RATE (APR)  to be used is  
determined by the Account applied for or approved by us pursuant to the 
terms of your application.
APR  7.85% 8.85% 11.85% 13.85% 15.90%    
MPR  .654% .738% .988% 1.15% 1.33% 
                                     
 The APR and MPR are variable and are based on individual  
creditworthiness and our underwriting standards. Your actual rate will be 
set forth in your monthly statements.
 You may consult with one of our loan officers regarding the category  
assigned after evaluation of a completed application for our Credit Card. 
Your APR will be set forth in each monthly statement.
 b. To get the total average daily balance on your Account, we take the 
beginning balance of your Account each day, add any new Purchases and 
Cash Advances, unpaid Finance Charges, current late payment fees, any 
annual fee, if applicable, and other fees, and subtract any payments or 
credits. This is your daily balance. Then we add up all the daily balances 
for the billing cycle and divide their total by the number of days in the  
billing cycle. This gives you the average daily balance. This determines the 
balance subject to the FINANCE CHARGE .
 The Credit Union, in its sole discretion, may change the Monthly  
Periodic Rate and ANNUAL PERCENTAGE RATE from time to time.  Any 
change in the Finance Charge shall apply both to the outstanding balance 
and any new Purchase and Cash Advances.  If the current effective rates 
are different, they are disclosed on an enclosed/attached insert.
12. Promotional Finance Charges
 From time to time and in our sole discretion we may offer a special 
rate applicable to certain transactions such as particular purchases (as 
defined by us), balance transfers or cash advances.  Applicable terms and 
conditions will be disclosed at the time any such promotion is offered, and 
are incorporated into this Agreement by reference. The promotional rate 
will apply only to the transactions and for the period of time set forth in any 
such offer from us. Existing balances and new purchases or advances not 
expressly subject to any such promotion will remain governed by the terms 
and conditions of this Agreement. In addition, the terms and conditions of 
this Agreement will govern your obligations regarding any unpaid balance 
or transactions that are made subject to any such promotional offer, that 
are not fully paid within the time period set forth in such promotional offer.
13. Interest Rate Adjustment (Default Rate) 
 Founders Federal Credit Union will adjust the interest rate on your 
Account whenever your Account is three Minimum Payments past due. 
We will change the interest rate to a variable rate of 17.9% ANNUAL  
PERCENTAGE RATE , which is a monthly periodic rate of 1.49% on the 
first day of the billing cycle following the cycle that was three Minimum 
Payments Past Due. After six consecutive billing cycles of your Account 
being paid pursuant to the terms of your agreements with the Credit Union, 
we will change the interest rate to the rate that is then applicable to your 
Account, which will become effective on the first day of the billing cycle 
following the sixth consecutive billing cycle. 
14. Monthly Statement
 We will send you a monthly billing statement whenever there is  
activity on your Account. Your monthly statement will show an itemized 
list of current charges (Purchases and Cash Advances) to your Account, 
your new balance, any Finance Charges, the Minimum Payment Due, and 
the Payment Due Date. In addition, it will show your current Credit Limit,  
Payments, and Credits, a summary showing your Purchases and Cash 
Advances, the merchant, electronic terminal or financial institution at Visa Preferred No Frills
Agreement and 
Disclosure Statementnotified. However, your liability for unauthorized use on networks other  
than Visa will not exceed $50. In any case, you will not be liable for any  
unauthorized use after notifying us of the loss, theft or unauthorized use of your 
Card or other Access Devices.
21. Default
 You will be in default if: (a) you fail to pay the Minimum Payment Due 
by the Payment Due Date; (b) the Credit Union, in its sole discretion, feels  
insecure (For example: Our good faith belief that your ability to pay your acount 
is impaired; use of your Account in any manner or in any way that may expose 
the Credit Union to a risk of loss; etc); (c) your ability to repay is materially  
reduced by a change in your employment, by an increase in your obligations, 
by bankruptcy or insolvency proceedings involving you, by your death, or (for  
community property state residents only) by a change in marital status or  
domicile; (d) you exceed your Credit Limit without our permission; (e) you have 
made a false or misleading statement to us in your application or otherwise; (f) 
you are in default under any other agreement with us; (g) if you use or authorize 
the use of any Card(s) to make or facilitate any illegal transaction; or (h) you fail 
to perform any of your other obligations under the terms of this Agreement as it 
may be amended. Upon default we may close your Account to future purchases 
and advances and, to the extent not prohibited by Governing Law, demand  
immediate payment of your entire Account balance, after giving you any notice 
and opportunity to cure the default if required by applicable law. The Credit 
Union�s sole obligation hereunder with regard to determining and declaring 
an event of default is the exercise of �good faith,� based on its subjective  
understanding of applicable facts and law. We shall also have the right to close 
your Account and terminate access privileges where your Account is inactive for 
such periods of time as we may from time-to-time determine to be appropriate 
for protecting both our and your interests.
22. Collection Costs
 You agree to pay all costs incurred by the Credit Union in collecting 
any amounts you owe or in enforcing or protecting the Credit Union�s rights  
under this Agreement, including attorneys� fees of 15% of the unpaid balance or 
such greater sum as may be reasonable, and also those costs, expenses and  
attorneys� fees incurred in any appellate, bankruptcy and post-judgment  
proceedings, except as limited or prohibited by applicable law.
23. Updating and Disclosing Financial Information
 We may report your performance under this Agreement to credit reporting  
agencies and secure follow-up credit reports on you for any legitimate  
business reason, including if you fail to make your minimum payments on 
time. We can reinvestigate and reevaluate any information you provide on your 
Credit Card application at any time, and in the course of doing so, we may 
ask you to provide additional information, request credit bureau reports and/or  
otherwise verify your current credit standing. Access to Account Information: You 
agree that all borrowers and authorized users will have access to information  
regarding transactions on your Account, including but not limited to Purchases 
and Cash Advances, Account Balances, Account History, Payments and other  
information relating to or arising with regard to this Account or any transaction.
24. Correcting the Credit Union�s Credit Report
 If you think the Credit Union reported erroneous information about you to 
a credit reporting agency, call the Credit Union at the telephone number listed 
on your monthly billing statement. Credit Union will promptly investigate the 
matter. Credit Union will contact each credit reporting agency whose records 
may reflect an error. Credit Union will require them to correct your report if its 
investigation decides that you were correct. If Credit Union disagrees with you 
after the investigation, Credit Union will advise you, in writing or by phone, and 
instruct you how to submit to those agencies a statement of your position that 
will become a part of your credit record with them. The instructions will include 
the name, address, and phone number of each such agency, along with other  
pertinent information.
25. Closing Your Account
 Any individual cardholder without the consent of other cardholders, 
may close your Account at any time by notifying the Credit Union in writing. 
Credit Union may close your Account or suspend your Card privileges at any 
time without prior notice. Credit Union may also reissue a different Card or  
different checks at any time. You must return the Card to the Credit Union upon 
request. You agree that the Card remains the property of Credit Union. Each 
Card we issue will have an expiration date. Upon expiration of your Card your 
Account will automatically terminate; or the Credit Union, in its sole discretion, 
may extend your Agreement and issue a new Card with a new expiration date. If your Account is closed, expires or your credit privileges are terminated or 
suspended, you will remain responsible for paying all amounts you owe us 
according to the terms of this Agreement. Without limiting the foregoing, the 
Credit Union has the right to terminate your Line of Credit or any part of the 
services provided persuant to this Agreement and to demand the return of 
all Cards, Access Checks and other access devices if the Credit Union, in its 
sole discretion,  feels that it is insecure for any reason whatsoever; including 
but not limited to mismanagement of your Account, failing to safeguard any 
access device, creation of any credit balances by you that may increase the 
risk of loss or exposure of the Credit Union or failing to cooperate with the 
Credit Union or others with regard to any claim of unauthorized use or any 
other defense to payment under applicable law.
26. Changing This Agreement
 The Credit Union may change the terms of this Agreement, including the 
Annual Percentage Rate, at any time. Except where limited by applicable law, 
the new terms, including, but not limited to, increasing the finance charge or 
the way the Credit Union calculates finance charges, late charges, and the  
Minimum Payment Due, will apply both to new purchases and cash advances  
and to the existing outstanding balance of your Account as of the day of the 
change. In accordance with applicable law, the Credit Union will notify you of 
any increased charge or change by writing to you at the most recent address 
shown for you on the Credit Union�s records.
27. Delay in Enforcement/Waivers
 The Credit Union may delay or waive enforcement of any of the  
provisions of this Agreement, including any agreement to make timely  
payments, without losing its right to enforce the same provision later or any 
other provisions of this Agreement. You waive the right to receive notice 
of any waiver or delay or presentment, demand, protest or dishonor. You 
also waive any applicable statute of limitations to the full extent permitted 
by law and any right you may otherwise have to require the Credit Union to  
proceed against any person before suing you to collect. You understand that 
the Credit Union will not be liable for a merchant�s or other parties� refusal to 
honor your Card whether due to an error by the Credit Union, the merchant, 
the Credit Union�s authorized agent, or other third party.
28. Change of Name, Address or Employment
 You will notify immediately the Credit Union in writing if your name, home 
address, or employment changes.
29. Additional Terms of Credit Card Agreement
 To the extent not prohibited by applicable law, the terms, interpretation  
and enforcement of any claim or dispute arising under this Agreement, as 
well as all parties� rights and duties, will be governed by South Carolina  
law regardless where you may reside or use your Account. Further, 
this Agreement is the contract which governs all transactions on your  
Account even though Sales, Cash Advances, Credit or other slips may contain  
different terms. You may not transfer or assign your Account or Card to any 
other person. The Credit Union may assign or transfer this Account, your 
Account balance, or this Agreement to another person, who will have all 
of our rights hereunder. This Agreement is binding on your heirs and legal  
representatives. If there are joint obligors or authorized users for this credit  
plan, each of you will have the right to use the Account to obtain loans pursuant  
to the terms hereof. Any one obligor�s elections, transactions and directions 
to the Credit Union shall be binding upon all obligors. Each of you will be  
liable for all obligations owing on the Account whether borrowed by you or  
otherwise and whether within or beyond the Credit Limit. Your liability will be 
joint and several. Either party has the right to cancel this Agreement. Further 
each of you are responsible for all amounts borrowed by any authorized user(s). 
Authorized users and other users may also be required to repay the amount 
owed for charges they make; however, you remain, at all times, primarily  
responsible for all amounts owed. All Cards, billing statements and notices will 
be mailed or delivered to the address given on the application for either applicant  
unless you direct otherwise in writing. If any law or judicial ruling makes any 
provision of this Agreement unenforceable, the other provisions will remain 
in full force and effect. You agree that your Account will also be subject to 
all rules and regulations of  Visa U.S.A., Inc. as applicable. If there is any  
conflict between this Agreement and the rules and regulations of Visa U.S.A., 
Inc. the rules and regulations of Visa U.S.A., Inc. will control.
 
30. Convenient Payment Option
 If you requested the Convenient Payment Option in your Application,  
all Minimum Payments Due will automatically be deducted from your  designated Checking or Savings Account on your Payment Due Date. If 
your designated Account does not contain sufficient funds, no automatic  
deduction will be made; we will bill you for the Minimum Payment Due; and 
your Account will be charged up to a $32 insufficient funds fee and you will be 
responsible for making the payment by some other means.
31. Insurance 
 If you elect insurance, as set forth in your application, then the charges  
will be added to your Account balance on each billing cycle, if your designated  
insurance application is approved. Credit insurance is voluntary and not  
required to obtain a Credit Card Account with us. You have a right to  
terminate this insurance at anytime by notifying us in writing.
32. Compliance with Applicable Laws and Prohibition of Illegal  
Transactions
 You warrant and agree that you will at all times comply with all Applicable 
Laws; and that your card and services are at all times subject to Applicable 
Laws. Further, you warrant and agree that your Credit Card, other access 
device or any related Account will not be used to make or facilitate any  
illegal transaction(s) as determined by applicable law; and that any such 
use, including any such authorized use, will constitute an event of default 
under this Agreement. Certain federal and/or state laws or Card Service  
Providers� Rules may limit or prohibit certain transactions such as (but not  
limited to) those coded as possible gambling transactions. The Credit Union  
may decline to accept, process or pay any transaction that we believe to be  
illegal or unenforceable (regarding your obligation to pay us or otherwise) 
under applicable law; or which is otherwise limited or prohibited, including 
but not limited to any transaction involving or relating to any gambling activity. 
Such prohibition or limitations may affect some otherwise proper or allowable 
transactions such as charges incurred at a hotel-casino. You understand and 
agree such limitations/prohibitions are not within the Credit Union�s control 
and that the Credit Union will not have any liability, responsibility or culpability  
whatsoever for any such use by you or any authorized user(s); or for  
declining to accept, process, or pay any such transaction. You further agree 
to indemnify and hold the Credit Union harmless from any suits, liability,  
damages or adverse action of any kind that results directly or indirectly from 
any such use of your Account and/or access devices.
33. �Electronic Signature� Disclosure, Communications, Statements, 
Agreements and Notices
 You specifically agree that the Credit Union may provide all disclosure,  
statements, agreements, notices, amendments, revisions and other  
documents electronically. For instance, if you apply for any service on our  
Website, all agreements and disclosures will be made available to you  
electronically. You will be able to download and/or print these disclosures, 
statements, agreements and notices through an appropriate electronic  
terminal and/or printer. You should review all such disclosures, statements, 
agreements and notices, and keep them in a safe and convenient place. 
You consent and agree that your use of a key pad, mouse or other device 
to select an item, button, icon or similar act/action while using any electronic 
service we offer; or in accessing or making any transactions regarding any  
agreement, acknowledgment, consent, terms, disclosures or conditions  
constitutes your signature, acceptance and agreement as if actually signed 
by you in writing. Further, you agree that no certification authority or other 
third party verification is necessary to the validity of your electronic signature; 
and that the lack of such certification or third party verification will not in 
any way affect the enforceability of your signature or any resulting contract  
between you and the Credit Union.
 You agree that we have no obligation, liability or responsibility  
to respond, act upon, or follow any instruction to us that is received  
electronically, by email or otherwise, unless we are able to authenticate  
the communication to our satisfaction.  You further agree that the Credit 
Union has no obligation or liability for acting upon any such instruction that 
it in good faith believes to be authentic. You further acknowledge and agree 
that the Internet is inherently insecure; and agree that we have no liability or 
responsibility for any loss, claim or damages that arises or in any way relates 
to our response(s) to any email or other electronic communication which we 
believe you have submitted to us.
34. Recording Conversations
 You understand and agree that for our mutual protection we may monitor 
and record any of our telephone conversations.35. Visa Account Updater (VAU)
 VAU is an account updating service in which your card is automatically  
enrolled. When your card(s) expire, are lost or stolen and new cards are 
issued, the service may update relevant card data (card numbers and  
expiration dates) to appropriate merchants who participate in an effort to  
facilitate uninterrupted processing of your recurring charges. This service  
provides updates to a Visa database only. The database is accessed by those 
qualified merchants seeking your account information after you have requested 
they process a recurring payment or payments. This service is provided as a 
free benefit to you. If at any time you wish to opt-out of the VAU service or if you 
have any questions, please call 1-800-845-1614 to do so.
36.  Member Communication
 By providing a telephone number(s) to us now or anytime at a later date, 
you authorize us or our affiliates and designees to contact you regarding  
suspicious activity at such number using any means, including but not limited to 
text messages and pre-recorded voice calls, even if charges may be incurred for 
the calls or text messages by your wireless carrier. Carriers are not responsible  
for undelivered messages.
KEEP THIS NOTICE FOR FUTURE USE
 This notice contains important information about your rights and our  
responsibilities under the Fair Credit Billing Act.
NOTIFY US OF ERRORS OR QUESTIONS ABOUT YOUR BILL.
 If you think your bill is wrong, or if you need more information about a  
transaction on your bill, write us (on a separate sheet) at the address listed on 
your bill. Write to us as soon as possible. We must hear from you no later than 
60 days after we sent you the first bill on which the error or problem appeared. 
You can telephone us, but doing so will not preserve your rights.
 In your letter, give us the following information:
 - Your name and Account number
 - The dollar amount of the suspected error
 - Describe the error and explain, if you can, why you believe there is an error.
 - If you need more information, describe the item you are not sure about.
If you have authorized us to pay your Credit Card bill automatically from your 
Savings or Checking Account, you can stop the payment on any amount you 
think is wrong. To stop the payment, your letter must reach us three business 
days before the automatic payment is scheduled to occur.
YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR 
WRITTEN NOTICE
 We must acknowledge your letter within 30 days, unless we have  
corrected the error by then. Within 90 days, we must either correct the error or 
explain why we believe the bill was correct.
 After we receive your letter, we cannot try to collect any amount you  
question, or report you as delinquent. We can continue to bill you for the amount 
you question, including finance charges and we can apply any unpaid amount 
against your Credit Limit. You do not have to pay any questioned amount while 
we are investigating, but you are still obligated to pay the parts of your bill that 
are not in question.
 If we find that we made a mistake on your bill, you will not have to pay 
any finance charges related to the questioned amount. If we didn�t make a  
mistake, you may have to pay finance charges, and you will have to make up 
any missed payments on the questioned amount. In either case, we will send 
you a statement of the amount you owe and the date that it is due. If you fail 
to pay the amount that we think you owe, we may report you as delinquent. 
However, if our explanation does not satisfy you and you write us within 25 days 
telling us that you still refuse to pay, we must tell anyone we report you to that 
you have a question about your bill and we must tell you the name of anyone 
we reported you to. We must tell anyone we report you to that the matter has 
been settled between us when it finally is.
 If we don�t follow these rules, we cannot collect the first $50 of the  
questioned amount, even if your bill was correct.
SPECIAL RULES FOR CREDIT CARD PURCHASES
 If you have a problem with the quality of property or services that you  
purchase with a Credit Card and you have tried in good faith to correct the  
problem with the merchant, you may have the right not to pay the remaining 
amount due on the property or services. There are two limitations on this right:Your Billing RightsNotice to New York and Vermont Residents:  We may obtain your credit reports at 
any time for any legitimate purpose associated with the Account, and application or a 
request for an Account including but not limited to reviewing, modifying and collecting 
on your Account. On your request we will inform you if such a report was ordered. If 
so, you will then be given the name and address of the consumer reporting agency  
furnishing the report. New York residents may contact the New York State  
Department of Financial Services by telephone (1-877-226-5697) or by visiting their 
website at https://www.dfs.ny.gov/consumers/banking_money for a comparative list of 
credit card rates, fees and grace periods. 
Notice to Ohio Residents:  Ohio laws against discrimination require that all creditors 
make credit equally available to all creditworthy customers, and that credit reporting 
agencies maintain separate credit histories on each individual upon request. The Ohio 
Civil Rights Commission administers compliance with this law.
Notice to Married Wisconsin Residents:  No agreement, individual statement, or court 
order, applying to marital property will adversely affect the creditor�s interest unless the 
creditor, prior to the time credit is extended, is furnished with a copy of the agreement,  
statement, or order, or has actual knowledge to the adverse provision when the  
obligation to the creditor has occurred.
Notice to California Residents:  Regardless of your marital status, you may apply for 
credit in your name alone. After credit approval, you may use the Credit Card Account 
up to its credit limit. You will be liable for payment of all amounts extended under the 
plan to you, any joint applicant or authorized user. Further, a negative credit report 
reflecting your credit record may be submitted to a credit reporting agency if you fail to 
perform the terms of your credit obligations.State Law Disclosures
Federally insured by NCUA.
Form 4367 M-132328which transactions were made, as well as other information concerning  
your Account. Sales, Cash Advance, credit or other slips cannot be  
returned with any statement. You will retain a copy of such slip furnished 
at the time of the transaction in order to verify your monthly statement.
 eStatements:   If provided electronically, you will be sent a notice via 
email that will direct you to a site we maintain or cause to be maintained 
where you may access, review, print and otherwise copy/download your 
periodic statements using procedures that we authorize. Emails from us 
will be sent to the email address provided by any owner.
15. Merchant Disputes/ATM 
 The Credit Union is not responsible for the refusal of any merchant or 
financial institution to honor your Card except as set forth in the Special 
Rules for Credit Card Purchases set forth at the end of this Agreement. 
16. Skip Payment Option
 At our option, we may offer you the opportunity to not make (�skip�) 
a minimum payment during certain designated billing cycles (�skip  
payment period�).  If you do not make your minimum payments as provided 
in this Agreement, during such designated billing cycles, you understand 
that we will continue to apply finance charges to your Account. Beginning 
with the billing cycle following an allowed skip payment period, all other 
provisions of this Agreement will apply.  We have no obligation to accept  
your application for any skip payment period offered, and you authorize 
us to investigate your creditworthiness including obtaining consumer 
credit reports. We may charge you an application processing fee of up to 
$35 for each skip payment period that we may offer to cover our costs of  
investigating your qualifications for this extension including but not limited 
to the costs associated with researching your creditworthiness.
17. Late Payment Fee
 Credit Union will charge your Account  a late payment fee of up 
to $32 for each billing period in which your minimum payment is not  
received by the statement closing date. This fee will be added to your  
Account  Balance.
18.	Returned	Payment	or	Insufficient	Funds	Fee
 Credit Union will charge your Account up to a $32 fee if your  
payment by any method, including check, electronic transfer, home banking  
transaction or otherwise, is not honored, collected by us, or if we must 
return it to you because it cannot be processed for any reason. This fee 
may be added to your Account balance, or collected from you on demand.
19. Charge for Copies and Research
 If you ask for a copy of any document, such as a sales slip or billing 
statement, a charge of $20 per hour may be imposed for the time it takes 
to research and locate the document. In addition, a copying fee of $2 per 
copy will be imposed. However, no charge will be imposed in connection 
with any actual or asserted billing error. 
 
20. Your Responsibility and Liability for Unauthorized Use and Lost 
or Stolen Cards
 If your Card is lost or stolen, or if you believe someone used it  
without your permission, you must notify the Credit Union at once by 
calling 1-800-845-1614, or providing written notice to: Founders Federal 
Credit Union, 737 Plantation Road, Lancaster, South Carolina 29720. If 
notice is given orally, you will promptly confirm it in writing. The Credit 
Union may require you to provide us certain information in writing to help 
us investigate any unauthorized use. Further, you agree to cooperate 
and assist us or any government or law enforcement agent or agency in  
investigating, collecting or pursuing any other rights (civil and criminal) 
relating to any unauthorized use. In this regard, you agree to file an  
appropriate police report when asked to do so. Do not use the Card after 
you have notified the Credit Union, even if you find them or have them 
returned to you.
 You are liable for all transactions that you authorize. No Liability:  
You will have no liability for unauthorized use of your Card  or other  
Access Devices for non-ATM transactions made over the �Visa  
Network� if the following conditions are met: (1) You have not been  
negligent; and (2) You have not committed, participated in or conspired 
to commit any fraudulent act or scheme involving the use of your Credit  
Card Account. Limited Liability: For transactions on other networks 
or ATM transactions, you may be liable for unauthorized transactions  
using your Card or other Access Devices that occur before we are  M-132328 (a) You must have made the purchase in your home state, or if not within 
your home state, within 100 miles of your current mailing address;
 (b) The purchase price must have been more than $50.
 These limitations do not apply if we own or operate the merchant, or if we 
mailed you the advertisement for the property or services. Further, the Credit 
Union has no liability for any tort or related claims arising from such purchases. Security For Advances and Purchases: The Credit Union will acquire a 
security interest in the property purchased with your Credit Card; and 
collateral securing other loans with us may also secure this Account. 
Also, you are giving us a security interest in your shares and other  
deposits in the Credit Union.  This information was accurate as of the  
printing October 1, 2020 and after that date is subject to change. For chang -
es since printing, call Founders Federal Credit Union at 1-800-845-1614 or 
write us at: Founders Federal Credit Union, 737 Plantation Road, Lancaster, 
South Carolina 29720.
AGREEMENT AND DISCLOSURE
 This is your Agreement and Disclosure Statement with Founders  
Federal Credit Union. Please read it carefully and keep it for your records. It 
supersedes all prior agreements and disclosure statements relating to your 
Account. You do not have to sign this Agreement. Your agreement to all of 
these provisions, as amended from time to time including the Card issued by 
us, will be shown by your application for the Card, your acceptance of the 
Card, or your use of the Card, whichever occurs first.
MILITARY LENDING ACT NOTICE
 Federal law provides important protections to members of the Armed 
Forces and their dependents relating to extensions of consumer credit. 
In general, the cost of consumer credit to a member of the Armed Forces 
and his or her dependent may not exceed an annual percentage rate of 36  
percent. This rate must include, as applicable to the credit transaction or  
account: the costs associated with credit insurance premiums; fees for  
ancillary products sold in connection with the credit transaction; any  
application fee charged (other than certain application fees for specified 
credit transactions or accounts); and any participation fee charged (other 
than certain participation fees for a credit card account). To receive this  
information and a description of your payment obligation verbally, please call 
1-800-845-1614 during our normal business hours.
1.	 Definitions
 In this Agreement, the word �Card� means either one or more Visa  
Credit Cards and any duplicates, renewals or substitutions we issue. The 
words, �you,� �your,� and �yours� mean all Cardholders (borrowers and  
co-borrowers); anyone any cardholder permits to use the Card(s); as well as 
any authorized user for whom an additional Card(s) is issued to the extent of 
their purchases and cash advances, as well as transactions by anyone they 
permit to use the Card(s). The word �cardholder� means any applicant or  
co-applicant to whom a Card is issued by us. The words �Credit Union,� �we,� 
�us,� and �our� mean Founders Federal Credit Union. �Applicable Law� shall 
include: �(i) Visa U.S.A. Inc. Bylaws, Visa U.S.A. Inc. Operating Regulations, 
Visa U.S.A. Inc. Certificate of Incorporation, Visa International Bylaws, and 
Visa International Operating Regulations; and (ii) any and all laws, treaties, 
rules, regulations, or regulatory guidance of the government of the United 
States, and any state thereof, or of any applicable foreign government or 
state thereof, as the same may be amended and in effect from time to time.
2. Pledge of Shares and Security Interest3. How to Use this Account
 You must sign the Card in order to use it. You can purchase or lease 
goods and services (�Purchases�) from any merchant who honors your 
Card up to your Maximum Credit Limit by presenting your Card and  
signing a sales slip for the amount of the Purchase. You may also use 
the Card to obtain cash loans (�Cash Advances�) up to the lesser of your  
established credit limit or $5,000.00  from financial institutions that accept 
a Visa Credit Card. Funds advanced from your credit card for Balance  
Transfers and at ATMs are considered Cash Advances and will decrease 
your Available Cash amount. See your monthly billing statement for your 
Available Cash amount. At our discretion, we may change your limits for cash  
advances. We will notify you if we do through your monthly billing statement. 
You agree not to present your Card or obtain a Cash Advance for any extension 
of credit in excess of your available Credit Limit (the difference between your  
outstanding balance and your Maximum Credit Limit) on your Account.
 Certain purchases and cash advances will require an authorization 
prior to completion of the transaction. In some cases, you may be asked to  
provide identification. If our system is not working, we may not be able to  
authorize a transaction, even though you have sufficient credit available.  
Also, for security reasons, we may block the usage of your Card in certain 
countries or geographic areas. We will not have any liability to you or others 
if any of these events occur.
 You authorize us to honor any Purchase or Cash Advance you make 
by telephone or mail on this Account. You agree that a signature is not  
necessary as identification in such cases. We reserve the right to refuse to 
honor any request for credit, to reduce your Credit Limit or terminate your 
Account at any time using our sole discretion, based on changes in the  
economy, the Credit Union�s financial condition, your creditworthiness or for 
any other reason not prohibited by law.
4. ATM Access 
 If you have received a personal identification number (PIN), you may 
use your Card and PIN to obtain Cash Advances at any Automatic Teller 
Machine (�ATM�) that accepts your Card. Your PIN is confidential and should 
not be disclosed to anyone. You agree not to write your PIN on your Card, 
you will not keep your Card and PIN together, and you will not provide your 
PIN to anyone who is not an authorized user. Except as otherwise provided 
in this agreement, advances through ATM access will be treated as Cash 
Advances under this Agreement. Advances at authorized ATM�s are limited 
to a total of $500 during any 24-hour period. The total of all cash advances on 
your Account and any withdrawals from your other Accounts through an ATM 
in any 24-hour period may be combined for the purpose of this limitation.  
We are not responsible if any ATM does not have enough cash for your  
transaction or is not in proper working order.
 Although we do not charge a fee for this service, others may. Owners 
of ATMs that we do not own may charge fees in addition to any fees 
disclosed in this Agreement. This is not a fee charged by your Credit 
Union; however, any such fee will be added to your Account. The party 
charging the fee is required to provide appropriate disclosures to you with 
regard to any such fees.
5. Maximum Credit Limit
 Your Maximum Credit Limit and your Cash Credit Limit (Cash Advance 
Limit) will appear on your monthly statement. At our discretion, we may change your Credit Limits at any time, and may provide separate limits for purchases  
and for cash advances. We will notify you if we do, either by mail or through your 
monthly billing statement. You may request a change to your Credit Limit by  
contacting the Credit Union by telephone or mail. Your continued use of the card 
will show your agreement to any such increase. If you object to an increase 
in your Credit Limit, you must notify Credit Union in writing. Upon receipt of 
such notice, your Credit Limit will be reduced to its prior limit; however, you 
will be responsible for paying any amounts by which you have exceeded the  
reduced limit. You agree to pay any amounts you owe that exceed your  
Maximum Credit Balance upon demand.
 You agree we are not obligated to extend to you credit for any amount that 
would cause your outstanding balance to exceed your Maximum Credit Limit, 
or for any amount if your outstanding balance already exceeds your Maximum  
Credit Limit. Any increase in your Maximum Credit Limit requested by you will 
require you to make a written application for our approval. In assessing any 
increase to your Credit Limit under the provisions in this Section (either at our 
discretion or upon request): (a) we may and you authorize us to review your 
credit history, including consumer credit reports; (b) you authorize us to have 
this review made by third parties to determine whether you meet the criteria we 
have set for such an increase; and (c) this process shall not be pre-screening  
under the Fair Credit Reporting Act or other applicable laws or regulations 
based on our existing relationship and this Agreement.
 Credit Balances in excess of $1 will be refunded upon your written  
request or automatically after six months by depositing the Credit Balance to 
your Savings  Account or by mailing a check to the address to which statements  
are provided payable to the order of any cardholder. You agree that the  
Maximum Credit Limit will at no time exceed the agreed upon amount, and that 
any Credit Balance will not be available or increase the Maximum Credit Limit 
available for new Purchases or Cash Advances during any billing cycle.
6. Payments
 You will be jointly and severally liable and agree to pay the Credit Union for 
all charges (purchases, cash advances, finance charges, and other charges 
added to your Account under the terms of this or any other agreements with 
us) extended to you or anyone else using any Card issued for your Account, 
unless the use of such Card is by a person other than you, who does not have 
actual, implied or apparent authority for such use and from which you receive no 
benefit. Authority includes, but is not limited to, any authorized user�s permitting 
another person to use any Card(s). Further, all users are obligated to us for all 
charges they make, authorize or permit.
 The Credit Union can accept late or partial payments as well as payments 
that are marked with �paid in full� or other restrictive endorsements, without  
losing any of our rights under this Agreement. If you pay more than the  
Minimum Payment Due, we will allocate the excess amount to your Account 
Balance with the highest annual percentage rate. You must pay the Credit 
Union in U.S. dollars drawn on funds on deposit in the United States. If you 
make payment with other currencies or from an institution domiciled outside 
the United States, then your payment will not be credited until the funds have 
been collected by us in U.S. dollars. The Credit Union will determine the  
method of applying payments and credits to your Account. 
 If you have a promotional rate balance on your Account, Founders will  
allocate payments/credits to your Account as follows: Minimum Payments due 
on your Account will be applied first to pay balances incurred during the lowest 
APR promotional period still in effect on your Account. Payments in excess of 
the Minimum Payment Due will be applied first to pay balances incurred during 
the highest APR period still in effect on your Account. Applicable terms and 
conditions, which are disclosed at the time any such promotion is offered, shall 
supersede the terms outlined under �payments� in the Credit Card Agreement 
and Disclosure Statement.
 Unless otherwise required by specifically applicable laws, for payments 
received by mail by 5:00 PM EST, you will receive credit that day; and for  
payments made in any other manner, including in person, your Account will be 
credited the day payment is received.
 You authorize us to honor any Purchase or Cash Advance you make by 
telephone or mail on this Account. You agree that a signature is not necessary 
as identification in such cases. We reserve the right to refuse to honor any  
request for credit, to reduce your Credit Limit or terminate your Account at any 
time using our sole discretion, based on changes in the economy, the Credit 
Union�s financial condition, your creditworthiness or for any other reason not 
prohibited by law.
 To protect you and us, the Credit Union, in its sole discretion, may place a 
temporary freeze on the credit available to you under this agreement any time 
the Credit Union receives a large payment ($500 or more), by a method other than cash. In such cases, the Credit Union may freeze your Credit Line 
until payment is actually collected by us.
7. Minimum Payment Due
 You can pay off your Account balance in full each month or you can 
pay in monthly installments. If you do not pay your balance in full, you 
agree to pay at least a minimum payment of 2% of your new balance 
(rounded to the nearest whole dollar) or $25, whichever is greater. If the 
new balance shown on your periodic statement is $25 or less, you agree 
to pay this amount. Unless the Credit Union takes other action as a result 
of a default under this Agreement, the Minimum Payment Due will also 
include any amount that is past due and any amount by which your new 
balance exceeds your Credit Limit. Payments and credits will be applied 
first to pay billed but unpaid finance charges, late charges, and similar 
charges and next to pay cash advances and purchases. You must pay 
at least the minimum payment each month, but you may pay more than 
that amount at any time without a penalty. The sooner you pay your new  
balance, the less you will have to pay in finance charges. You may pay your entire  
Account balance at any time without penalty.
 Grace Period For Repayment Of The Balance For Purchases:  
Grace period for repayment of the balance for purchases is approximately 
30 days from the close of the billing cycle. There is no grace period for 
cash advances or balance consolidations. See your statement for billing 
cycle date.
8. 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 months.
9. Charges Made in Foreign Currencies
 Additional Charges for Transactions in a Foreign Currency and  
�Cross-Border� Transactions. Currency Conversion Fee: If you effect 
or authorize a transaction with your access device in a currency other 
than US Dollars, Visa will convert the charge into a US Dollar amount. 
The Visa currency conversion procedure includes use of either a  
government mandated exchange rate, or a wholesale exchange rate  
selected by Visa, as applicable. The exchange rate Visa uses will be 
a rate in effect on the day the transaction is processed. This rate may  
differ from the rate in effect on the date of the purchase or the date the  
transaction was posted to your Account. A Currency Conversion Fee of 
up to 1% may be applied to transactions that are converted from foreign  
currencies to U.S. dollars. Cross-Border Transaction Fee: In addition, Visa 
charges us a Cross-Border Assessment up to 1% on each transaction  
on all Cross-Border Transactions regardless of whether there is a currency  
conversion. For purposes of this Section, �Cross-Border Transaction� 
shall include both (a) transactions initiated in a foreign country which are  
subsequently settled in the United States, and (b) transactions initiated 
in the United States but which are ultimately settled in a country outside 
of the United States. The Credit Union will assess these fees to you to  
reimburse it for the fee it is required to pay for each of your transactions  
subject to these terms. The fee(s) will be shown separately on your  
periodic billing statement(s). The Currency Conversion Fee, if it applies 
to the transaction, will be included in the transaction amount posted on 
your statement.
10. Variable Rate Information
 Your APR for purchase, cash advances and balance transfer  
transactions may vary. Your Credit Card has a variable rate feature  
meaning the Annual Percentage Rate (corresponding to the periodic  
rate) and the term of your Visa Credit Card may change due to  
interest	rate	fluctuations.	The	rate	is	determined	by	adding	a	margin	
between 4.60% and 12.65% to the prevailing U.S. Prime Rate. The 
Prime Rate, used to determine your APR, is the rate published in the 
�Money Rates� section of the Wall Street Journal on the 25th day of 
the prior month. The APR will change, if needed, based on this rate 
calculation method at your billing cycle date. We reserve the right 
NOT to increase the variable rate if Prime increases. By signing an application, acceptance or authorized use of any  
Credit Cards, you grant and pledge a consensual lien to us on all shares on  
deposit	as	defined	by	your	membership	agreement	to	secure	payment	
of your obligations on this account. In addition, you acknowledge our  
statutory lien rights under the Federal Credit Union Act; you agree 
that such a lien is impressed as of the date that this account is 
opened; and you agree that we can apply the shares pledged at 
the time of any default on this account without further notice. 
�Shares� for the purpose of your pledge to secure your obliga -
tions to the Credit Union means all deposits in any savings, check -
ing,	club,	certificate,	P.O.D.,	revocable	trust	or	custodial	account(s),	
whether jointly or individually held � regardless of contributions, 
that you have on deposit now or in the future. Your pledge does 
not include any I.R.A., Keough, tax escrow, irrevocable trust or  
fiduciary	account	in	which	you	do	not	have	a	vested	ownership	interest.How will we calculate Your Balance:  We will use a method called �average daily balance (including new 
purchases)�. See your account agreement for more details.
Billing Rights:   Information on your rights to dispute transactions and how to exercise those rights is provided 
in your account agreement.
The credit union will acquire a security interest in the property purchased with your Credit Card; and 
collateral securing other loans with us may also secure this account. Also, you are giving us a security 
interest in your shares and other deposits in the credit union.
The information about the costs of the card described in this application is accurate as of October 1, 2020. 
This	information	may	have	changed	after	that	date.	To	find	out	 what may have changed, call 1-800-845-1614, 
visit foundersfcu.com, or write Founders FCU, 737 Plantation Road, Lancaster, SC 29720.Standard ANNUAL PERCENTAGE 
RATE (APR) for Purchases, Cash 
Advances and Balance Transfers
Penalty APR and 
When it AppliesInterest Rates and Interest Charges
Paying Interest
For Credit Card Tips
from the Consumer 
Financial Protection 
BureauIntroductory APR for 
Balance Transfers7.85%, 8.85%, 11.855%, 13.85%  or 15.90%,  
based on your creditworthiness.
This APR will vary with the market based on the Prime rate.
Your due date is at least 25-days after the close of each billing cycle. We will not 
charge you any interest on purchases if you pay your entire balance by the due 
date each month. We will begin charging interest on cash advances and balance 
transfers on the transaction date.
To learn more about factors to consider when applying for or using a credit card, 
visit the website of the Consumer Financial Protection Bureau at: 
www.consumerfinance.gov/learnmore17.90%   
This APR may be applied to your account if your account is three minimum 
payments past due (60 days). 
How Long will the Penalty APR Apply?  If your APRs are increased, the Penalty 
APR will apply until you make six consecutive minimum payments when due; and 
you do not again default on these conditions during this time.2.85% to 6.85%
Introductory rates for first 6 months for qualified applicants based on your credit 
worthiness and applies to balance transfers made between 10/1/2020 and 12/31/2020. 
Your introductory rate will apply for 6 months from the date of the balance transfer. 
After 6 months your APR will vary with the market based on the Prime rate.  Founders Federal Credit Union Visa Preferred No Frills Credit Card Disclosure
Transaction FeesFees
Penalty FeesLate Payment Fee:   Up to  $32
Returned Payment Fee:  Up to  $32Set Up and Maintenance Fees None
Cash Advance Fee:  $0 
Balance Transfer Fee:  $0
Receipt Copy Fee:  $5 Research Fee:  $20/hr ($2 per copy)
Expedited Card Fee:   $20
Foreign Transaction Fee:  1.00% of each transaction in U.S. dollarsSECURITY AGREEMENT: Payments on your Account are secured by 
any security interest in any property securing your other obligations to the 
Credit Union, whether existing now or in the future, except your household 
goods and your primary residence. Further, you hereby grant Credit Union 
security interest in all property purchased through this credit plan, including  
a purchase-money security interest in any household goods purchased 
with an extension of credit upon this Account. These Purchase-Money  
Security Interests  shall secure faithful performance of all obligations  
arising under this Agreement; and the Credit Union shall have all of the 
rights of a secured party in accordance with Article Nine of the Uniform 
Commercial Code and/or other applicable law. 
Military Lending Act Partial Exception: If you or your dependents are  
expressly covered and entitled to the protections provided by the Military  
Lending Act then any provisions of the Agreement (below) that address 
the items expressly excepted in any section to the contrary also do not 
apply to such Loans.