Here are the terms of the 

Visa® Platinum 

credit card offered by

Veridian Credit Union

Waterloo, IA.

Definitions:  

In this disclosure:

The words we, our, and us mean Veridian Credit Union,
Waterloo, IA.  We are the issuer of this credit card.  We
are the ones giving you credit when you use the card.

The words you and your mean the person or persons
we approve for participation in this credit card plan
and to whom we issue a credit card.  

A billing cycle or cycle is the period of time that we use
to send you a statement of your account.  These cycles
are about a month, but vary from 28 to 33 days because
of weekends and holidays. 

A cash advance is a loan of money you may get through
this credit card plan by, for example, obtaining cash at
an ATM machine which accepts the card, getting a
cash advance from us under this plan, or getting an
advance on this plan from another financial
institution.  

A credit purchase is a purchase or lease of goods or
services you make with a merchant who accepts this
credit card as the method for payment.  (We pay the
merchant, and you owe us the money.)  Most of the
fees you may owe us for this card are treated as credit
purchases as well.  These will be shown on your
statement. 

The payment date is the date by which we must receive
a payment from you (assuming you have a balance).
The payment date for a cycle is 25 days after the last
day of that cycle.  This date will be shown on your
statement.

Your new balance is an amount printed on your
statement that is the total unpaid balance of credit
purchases, cash advances, and charges as of the last
day of that billing cycle.   

You Accept This Agreement:

If we issue a credit card to you, and you sign it or use it,
this disclosure becomes our agreement with you.  You
agree, as to any dispute between you and us, that the law
of the state of Iowa will be used to control this agreement.
Federal law also regulates some areas of this agreement
as well.

Liability for Charges:  

You agree to pay us for the credit purchases and cash
advances you make under this credit card plan, plus the

finance and other charges listed.  You also agree to pay us
for  any charges made by others if (for example): 

daily balance. (This is referred to as Method F for cash
advances.)

a. You allow someone else to use your card, 

b. We issue additional cards to members of your family at
your request with your account number on them, or

c. You are approved for credit with another person.

Please see sections titled Your Billing Rights and If Your
Credit Card Is Lost or Stolen and Examine Your Statement
below for more information on this issue. 

Payments You Make: 

When you make a payment, here is how it is applied:

a. The payment will first be used to pay, in full, all finance
charges  you may owe us, that were still unpaid as of
the close of the last billing cycle;

b. The rest of your payment will be applied toward your
unpaid principal in this order, purchase balance as of
last statement, cash advance balance as of last
statement, purchases this cycle, and finally, cash
advances this cycle.

Security:  

If you have given us a previous security interest that secures
other loans with us, the collateral securing those other loans
may also secure the credit you may obtain under this credit
card plan.  (This will not be true if the collateral is household
goods as defined in the FTC Credit Practices Rule.)

If the collateral is your principal residence or real property
(land), then such collateral will only secure this plan if those
agreements specifically mention this plan.  

Future agreements may secure this plan as well.  

Credit Limit:  

We will tell you your credit limit under this plan when the
card is sent to you (if we have not already done so).  It is
your duty to stay within your credit limit and to keep others
to whom you give access to the plan to do so as well.  We
are not responsible to you if we allow you to exceed your
limit.  You must still pay your balance.

If on some occasions we allow you credit of more than your
limit, we may later refuse an advance or purchase that
would cause you to go over your limit.  

Finance Charges on Cash Advances:  

We figure the finance charge on your cash advances by
applying the periodic rate to the average daily balance of your
cash advances.  To get the average daily balance, we take the
beginning cash advance balance each day (not including any
unpaid finance charges), add any new advances made that
day, and subtract any payments or credits received that day.
This gives us the daily balance. Then, we add up all the daily
balances for the billing cycle and divide the total by the
number of days in the billing cycle.  This gives us the average

(Note: If we post a cash advance to your statement in the
same cycle in which you make it, the cash advance will be
added to your daily balance as of the day you got it.  If we
post a cash advance to your account in a later cycle than
the one in which you made it, then the cash advance will
be added to your daily balance on the first day of the cycle
in which we first post it.)

Finance charges begin to accrue on cash advances on the
day of the advance (unless the advance is posted in a later
billing cycle, in which case finance charge begins to accrue
on the first day of that billing cycle).

Full Payment: If you pay the entire new balance from your
last cycle's statement on or before the payment date, then
that payment will be treated as if it was made on the first
day of the billing cycle.  The effect is you will not pay
finance charges during the cycle of full payment on your
cash advance balance from the previous cycle.  

Finance Charges on Credit Purchases: 

We figure the finance charge on your credit purchases by
applying the periodic rate to the average daily balance of
credit purchases.  To get the average daily balance, we take
the beginning credit purchase balance each day (not
including any unpaid finance charges), add any new
credit purchases posted that day, and subtract any
payments or credits received that day.  This gives us the
daily balance. Then, we add up all the daily balances for
the billing cycle and divide the total by the number of
days in the billing cycle.  This gives us the average daily
balance. (This is referred to as Method G for credit
purchases.)  

Finance charges begin to accrue on the day a credit
purchase is posted to your account, unless you take
advantage of the grace period mentioned next. 

Grace Period for Full Payment: If you pay the entire new
balance from your last cycle's statement on or before the
payment date, then, during the billing cycle of full
payment, no finance charge will accrue on the credit
purchase balance from the previous cycle nor on any new
credit purchases in the current cycle.  This is a 25-day grace
period for your credit purchases.  Remember, this only
applies if you pay off the entire new balance (cash
advances, credit purchases, and charges).  A late fee of
$15.00 will be assessed 15 days after the due date.  This late
fee applies to VISA Platinum.

Change to Currency Conversion & International
Transactions: 

The fee we charge you for using your Visa®-branded
debit/credit card (Card) in an international transaction has
changed.  Your continued use of the Card after the effective

date listed below acknowledges acceptance of these amended
terms.  The Currency Conversion section in the agreement
between you and us is amended to read as follows:

Currency Conversion and International Transactions. When
you use your Visa-branded debit/credit card at a merchant
that settles in currency other than US dollars, the charge will
be converted into the US dollar amount.  The currency
conversion rate used to determine the transaction amount in
US dollars is either:

• a rate selected by Visa from the range of rates available

in wholesale currency markets for the applicable
central processing date, which rate may vary from the
rate Visa itself receives, or

• the government-mandated rate in effect for the

applicable central processing date.

The conversion rate in effect on the processing date may
differ from the rate in effect on the transaction date or posting
date.

Visa USA charges us a .8% International Service Assessment
on all international transactions, regardless of whether there
is a currency conversion.  If there is a currency conversion,
the International Service Assessment is 1% of the transaction.
In either case, we pass this international transaction fee on to
you. An international transaction is a transaction where the
country of the merchant is outside the USA.

Visa® Platinum Additional Terms

Periodic Rate: 

The periodic rate of 

FINANCE CHARGE may vary per statement cycle
(which is about a month).  This rate applies to credit
purchases and cash advances and corresponds to an
ANNUAL PERCENTAGE RATE that is variable.

Your Annual Percentage Rate may vary monthly, and will
be determined by “tiered pricing.” Tiered pricing means
that different borrowers are charged different rates
depending on the borrower’s credit score.

The tier assignments are as follows:

If your Credit 
Score is…

Your Veridian Visa®
Your Veridian Visa®
Platinum Card’s APR is… Platinum Reward 

Card’s APR is…

720 or higher

Prime Rate + 2.9%

Prime Rate + 3.9%

690-719

650-689

620-649

600-619

</=599

Prime Rate + 3.9%

Prime Rate + 4.9%

Prime Rate + 4.9%

Prime Rate + 6.9%

Prime Rate + 7.9%

Prime Rate + 9.9%

Prime Rate + 9.9%

Prime Rate + 11.9%

Prime Rate + 10.9%

Prime Rate + 12.9%

“You” and “Your” refers to any borrower, co-borrower
and/or personal guarantor on this card.

Your “Credit Score” shall mean the score given to you
to determine your credit worthiness by a credit
reporting agency chosen by Veridian Credit Union.
You hereby consent to Veridian Credit Union
obtaining your Credit Score for the purpose of
determining for APR. If this card is a non-consumer
card, the Credit Score(s) for all personal guarantors on
the account will be obtained. If there is more than one
borrower or guarantor on your account, the highest
credit score will be used to determine your APR. 

You may request that we re-assess your Credit Score
once per calendar year by notifying us in writing at
Veridian Credit Union, Credit Card Department, P.O.
Box 6000, Waterloo, IA 50704. Furthermore, we
reserve the right to re-assess your Credit Score
periodically (not more than once per calendar year)
without your formal request. However, we are not
required to re-assess your Credit Score without your
formal request. The party requesting the re-
assessment will be responsible for any fees associated
with obtaining the Credit Score. If, once reassessed,
your Credit Score would place you in a tier with a
different APR under the above table, the rate change
will be the first day of the next month and will be
effective on your next cycle date. This rate change
will affect your outstanding balance, new cash
advances and new purchases. 

“Prime Rate” shall mean the published reference rate
quoted under “Money Rates” in the Wall Street
Journal on the 1st day of each month or the first
regular business day thereafter. These rates will be
rounded up to the nearest 0.25%. The minimum rate
will be five and nine-tenths percent (5.90%) and the
maximum rate will be eighteen percent (18%).

Our variable rate change will be the first day of the
month using the published “Prime Rate” of the
previous month. Your rate change will be effective on
your next cycle date. This rate change will effect your
outstanding balance, new cash advances, and new
purchases.

Minimum Payment:

Your minimum payment each statement cycle is 2.50%
of the total new balance shown on the last statement,
or $20, whichever is greater.  If your total new balance
is less than $20, your minimum payment is the new
balance.

If your new balance is more than your credit limit, the
minimum payment will be 2.50% of your credit limit,
plus the entire amount of your new balance that is
over your credit limit.  

If you are past due, your minimum payment will be
increased by the amount you are past due.

Overlimit Fee:  

If the ending principal balance of your account for any
day in a billing cycle is more than your credit limit,
you will have to pay an overlimit fee of $15 for that
billing cycle.  This fee will apply once during a billing
cycle.

Replacement Card Fee

If we have to replace a credit card (for example, if the
card is lost or stolen) you will be charged a fee of $5.

Dishonored Check Fee:

If you make a payment on your account with a check
that is not paid, the payment on your account will be
reversed and you will have to pay a fee of $27.00.  This
fee applies only to your credit card account.  It is in
addition to any fee you may have to pay on your
deposit account.

Ownership of the Credit Card:  

The credit card remains our property.  You agree to
surrender all cards issued to you if we ask you to do so,
and we may confiscate the card(s) if you do not
comply.

Merchant Discretion:  

The merchants and financial institutions who are part
of the credit card system have the first right to decide
whether to allow you to use the card to get money,
goods, or services from them.  That decision is within
their discretion, and we are not responsible to you if
they refuse to accept your card.

Changes to This Plan:  

We reserve the right to change any and all of the terms
of this agreement.  For example, we can change the
type and amount of the fees we charge, the interest
rate, and the minimum payment amount, as well as
the other features of this plan.   

We will give you reasonable notice of any important
changes in the plan;  in some cases, the law requires
that this notice be not less than 30 days before the
effective date of the change.

Financial Statements:  

You agree to provide us with periodic financial
statements as we may reasonably require. 

Default and Remedies:

Any shares, as defined in your membership
agreement, may be used to secure payment of your
obligations on this account.  Additionally, any
collateral other than real estate securing other loans at
our credit union will also secure this account as well as
any property purchased with your credit card(s).

If you fail to make a payment when due, or we reasonably
believe that you cannot pay what you owe us (or could
owe us under your credit limit), we can cancel your
participation in this plan. If we do so, we can immediately
demand payment in full of the entire unpaid balance of
principal and finance charges.  Here are some examples of
what would give us this reasonable belief:

a. Your insolvency, 

b. Your bankruptcy,

c. Your death, 

d. A money judgement entered against you, 

e. Your default on any other loan with us or another,  

f. Someone brings collection efforts against you (such as

garnishment or attachment), or

Your Billing Rights:  

Keep this notice for future use:

This notice contains important information about your
rights and our responsibilities under the Fair Credit Billing
Act.

Notify Us in Case 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:

g. You fail to supply us with financial statements we

a. Your name and account number.

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 can't collect the first
$50 of the questioned amount, even if your bill was correct.  

Special Rule for Credit Card Purchases:

If you have a problem with the quality of property or
services that you purchased 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:

a. You must have made the purchase in your home state,
or, if not within your home state, within 100 miles of
your  current mailing address; and 

IMPORTANT
INFORMATION
ABOUT VERIDIAN’S
VISA® PLATINUM
CREDIT CARD

request. 

If we have to take collection efforts to collect what you owe
us, you agree to pay our cost of collection, including our
reasonable attorney's fees if we hire an attorney.  You agree
that 10% of the amount you owe us is the minimum fee for
an attorney that would be reasonable, but that a greater
amount may be justified as well.  Reasonable attorney's
fees includes the fees that might be incurred in appellate
and bankruptcy proceedings as well.

If Your Credit Card Is Lost or Stolen:

If your card is lost or stolen, report it to us immediately.
You may do so by calling us directly at

Credit Card Security  1-(800) 682-6075

or by writing to 

Veridian Credit Union
Credit Card Department
P. O. Box 6000
Waterloo, Iowa 50704

Additional Limit on Liability for VISA Platinum Cards.
Unless you have been grossly negligent or have engaged in
fraud, you will not be liable for any unauthorized
transactions using your lost or stolen VISA Platinum
Cards.  This additional limit on liability does not apply to
ATM transactions, to transactions using your Personal
Identification Number which are not processed by VISA,
or to commercial cards. VISA Card cannot be used for
illegal transactions.

Examine Your Statement:

You must review your statement as soon as possible after
you receive it, and report to us any errors or unauthorized
transactions.  If you do not report any such errors within 60
days of the day we mail the statement with the error on it,
you agree to accept the statement as correct.  Read the next
section as well for the procedure to follow.  Your statement
will tell you where to send any written notice of errors.

b. The dollar amount of the suspected error.

b. The purchase price must have been more than $50.

c. 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.

These limitations do not apply if we own or operate the
merchant or if we mailed you the advertisement for the
property or services.

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 a 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 to us
within ten days telling us that you still refuse to pay, we

Your savings federally insured to at least $100,000
and backed by the full faith and credit of the United States Government

NCUA

National Credit Union Administration, a U.S. Government Agency

© 1991 Bankers Systems, Inc. St. Cloud, MN. 56301 1-800-397-2341  
Form Credit Card Bro.

CC-Bro-1 IA   8/97   Customized