BORROWER'S NAME AND ADDRESS

CO-BORROWER'S NAME AND ADDRESS

VISA CREDIT CARD AGREEMENT

ACCOUNT NUMBER

DATE

IN  THIS  AGREEMENT, "YOU"  AND  "YOUR"  MEAN  ANY  PERSON  WHO  ACCEPTS  THIS  AGREEMENT  OR  USES  THE  CARD.  THE  "CARD"  MEANS  ANY  CREDIT  CARD  ISSUED  TO  YOU  OR  THOSE
DESIGNATED BY  YOU  UNDER  THE  TERMS  OF  THIS AGREEMENT. "WE",  "US",  "OUR" AND  THE  "CREDIT  UNION"  MEANS ARIZONA FEDERAL  CREDIT  UNION  OR  ITS  SUCCESSORS.  "ACCOUNT"
MEANS THE CREDIT CARD ACCOUNT. "AUTHORIZED USER" MEANS ANY PERSON WHO HAS AUTHORITY, OR WHO ANY OWNER HAS GIVEN INFORMATION, ACCESS DEVICE, OR DOCUMENTATION
THAT ENABLES A PERSON TO ACCESS, WITHDRAW, MAKE TRANSACTIONS OR USE YOUR CARD.

This is your Agreement and Disclosure Statement with Arizona Federal.  Please read it carefully and keep it for your records.

By signing an Application for these services, or your use or continued use of any Account or Account services after receiving this Visa Credit Card Agreement,
notice of its availability or notification of any change in terms, you, jointly and severally, agree that you understand and agree to these terms and conditions, as
amended from time to time.

Binding Contract. This Credit Card Agreement, which includes the Credit Card Agreement and Truth-in-Lending Statement ("Agreement"), is a binding legal
contract that will govern the terms of all advances that you obtain under this Account. You only sign once to open the Account; thereafter, you may request
additional advances without signing any paperwork unless requested by us.

By signing below, you are:

1.

2.

3.

4.

Agreeing to repay all advances you take. All advances you take under the Account must be paid back, even if you don't sign any paperwork at the
time of the advance.
Pledging your shares and deposits in the Credit Union. If you default, we may apply the shares and deposits in any of your accounts to the amount
you owe us. We may also prevent you from withdrawing shares and deposits if you are in default. Please see the Credit Card Agreement for complete
details.
Agreeing to Cross-Collateralization: All other collateral you have pledged for any other loan with us (except your home and household goods)
will also secure this Account. Release of Lien: We will not release a lien on any of the collateral you have pledged under other loans with us if
you  are  delinquent  or  in  default  on  your Account.  For  example:  if  you  are  in  default  of  your Account,  we  will  not  release  our  lien  on  your
vehicle loan, even if the vehicle loan is paid in full.
Authorizing us to obtain credit reports: You authorize us to obtain a credit report or other credit information in connection with this Account. We may
periodically obtain and review your credit information without notice to you for as long as the Account is open and we may use that information to change
the terms or rates of the Account or terminate the Account, or to help collect any amounts under this Account, or for any other permitted purpose under
applicable law.

Interest Rates and Fees. The  rates and fees that apply to your Account are disclosed on the Truth-in-Lending Statement, which rates and fees may change
from time to time in accordance with applicable law.

Purchase of Optional Products: If  offered, you may apply for optional loan protection products such as credit insurance or debt protection. These products
are voluntary and are not required to obtain a loan from us. The premium or fee for the product(s) will be added to the outstanding balance and becomes part of
your minimum monthly loan payment. We will retain a portion of this fee as compensation for providing this service. Purchase of optional products may extend
the time it takes to pay off your outstanding balance(s).

Credit Limit: $ _____________

See separate Truth-in-Lending Statement.

TRUTH-IN-LENDING STATEMENT

BORROWER'S ACKNOWLEDGEMENT & SIGNATURES

By signing below, you understand and agree as follows:

Acknowledgement: By signing below, you acknowledge that you have read, understand and accept the terms and conditions of this Agreement and the Truth-
in-Lending Statement. You acknowledge that you have received copies of these documents. You also agree that by accepting, using or accessing your Account,
you are bound to the aforementioned documents.

You grant Arizona Federal and our third-party servicers or agents the right to contact you on your cellular phone(s) when you deem necessary for a service or
collection  call,  and/or  for  other  account-related  activity. You grant Arizona  Federal  and  our  third-party  servicers  or  agents  the  right  to  use  a  pre-recorded  or
artificial voice and/or an auto dialer function to reach you on your cell phone.

Overdraft Protection:  By signing below, you acknowledge the Account will be used as a form of overdraft protection.

Negative Information Notice: We may report information about your Account to credit bureaus. Late payments, missed payments, or other defaults
on your Account may be reflected in your credit report.
IMPORTANT NOTICE ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record
information that identifies each person who opens an Account. What this means for you: When you open an Account, we will ask for your name, address, date
of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

BORROWER'S SIGNATURE

X

*TRUSTEE

**GUARANTOR

DATE

DATE

CO-BORROWER'S SIGNATURE

X

*TRUSTEE

**GUARANTOR

DATE

DATE

X
*TRUSTEE: By signing above, Trustee(s) certifies that he/she is the duly authorized Trustee for the Trust named herein, and is duly authorized to borrow money on behalf of the Trust, to encumber Trust assets,
and to execute this agreement.
**GUARANTOR: Upon default, the credit union may seek immediate payment from the guarantor of any and all sums due on the loan. The guarantor waives all notice to which he or she would otherwise be entitled
by law.

X

9011 LASER ML FPDF FI14208 Rev 11-2015

page 1 of 7

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

BORROWER'S NAME

ACCOUNT NUMBER

APPLICATION AND DISCLOSURES for DEBT PROTECTION PLAN

This Product is Optional. Your purchase of the Debt Protection Plan ("Plan") is optional. Whether you purchase this protection will not affect your application
for  credit  or  the  terms  of  any  existing  credit  agreement  you  have  with  the  Financial  Institution.  You may  cancel  the  Program  at  any  time.  See  the  Program
Agreement for an explanation of how the Program may be terminated.

Plan 1*:

Plan 2*:

Plan #392633

Plan #392634

Death: Cancels 6 Payments
Disability: Cancels 6 Payments
Involuntary Unemployment: Cancels 6 Payments

Death: Cancels loan balance

I ELECT:
(Check only  one box)

Cost per $1,000 monthly outstanding
loan balance:

Single

Joint

Single

Joint

$3.43

$0.99

*Benefit Maximums: Under Plan 2, Death Protection cancels a maximum of $75,000.
Cancellations listed are per occurrence.
Monthly cancellations are limited to $1,000 per month.
Disability and Involuntary Unemployment Protections are limited to a total of $15,000.

No, you do not wish to apply for the voluntary Debt Protection Plan at this time.

_______________________________________ (Borrower 1 signature)

_______________________________________ (Borrower 2 signature)

Application Eligibility:

To be eligible to apply, you must meet the following conditions. By signing this Application, you are stating that: (1) you are under age 70; (2) if applying for
Disability  or  Involuntary  Unemployment  protection:  you  are  presently  working  twenty-four  (24)  or  more  hours  per  week;  (3)  if  applying  for  Involuntary
Unemployment: you are not self-employed, and you have not received unemployment benefits within the past 2 years.

BORROWER'S SIGNATURE

You acknowledge  and  agree  that:  (a) you  meet  the  eligibility  requirements  listed  above.  If  it  is  discovered  that  you  do  not  meet  the  eligibility  requirements
above, your participation in the Plan will be terminated, you will receive a refund of any fees paid, and an otherwise valid claim will be denied; (b) you  have
received and thoroughly read the Debt Protection Plan Agreement ("Agreement"), and agree to abide by the terms of the Agreement; (c) you authorize the Plan
fees to be added to your loan each month; and (d) you understand that you may not be eligible for all benefits contained in the Plan. This document is hereby
incorporated  into  Borrower's  loan  documentation  as  if  fully  set  forth  therein.  There  are  eligibility  requirements,  conditions,  and  exclusions  that  could
prevent you from receiving benefits under the Program. See the Program Agreement for details.

BORROWER 1 SIGNATURE

DATE

BORROWER 2 SIGNATURE (If applying for Joint Protection)

DATE

X

X

9011 LASER ML FPDF FI14208 Rev 11-2015

page 2 of 7

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

BORROWER'S NAME

ACCOUNT NUMBER

THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.

YOU  SPECIFICALLY  GRANT  US  A  CONSENSUAL  SECURITY
INTEREST  IN  ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  YOU  HAVE
WITH  US  NOW  AND  IN  THE  FUTURE  TO  SECURE  REPAYMENT OF
CREDIT  EXTENDED  UNDER  THIS  AGREEMENT. YOU  ALSO  AGREE
THAT WE  HAVE SIMILAR  STATUTORY LIEN  RIGHTS  UNDER  STATE
AND/OR  FEDERAL  LAW. IF  YOU ARE  IN  DEFAULT, WE  CAN APPLY
YOUR SHARES TO THE AMOUNT YOU OWE.
Shares  and  deposits  in  an  Individual  Retirement  Account  or  any  other
account that would lose special tax treatment under state or federal law if
given are not subject to this security interest.

If  you  have  other  loans  with  us,  collateral  securing  such  loans  will  also
secure your obligations under this Agreement, unless that other collateral
is your principal residence or non-purchase money household goods.

Advances.    For  purposes  of  this  agreement,  the  term  "advance"  means  cash
advance or balance transfer.
Using  Your  Card.  You  can  purchase  or  lease  goods  and  services  from  any
merchant  who  honors  your  Card,  and  you  may  obtain  cash  advances  from
financial institutions and ATM machines that accept the Card, up to your maximum
credit limit. You agree not to present your Card or obtain a cash advance for any
extension  of  credit  in  excess  of  your  available  credit  limit;  however,  if  you  do
exceed your credit limit, you agree to make immediate payment sufficient to bring
the balance below the credit limit. Certain purchases and cash advances require
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  use  of  your  Card  in  certain  countries  or
geographic areas. We will have no liability to you or others if any of these events
occur.
Each Card we issue will have an expiration date.  Upon expiration of your Card
your Account will automatically terminate; or we, in our sole discretion, may extend
your Account and issue a new Card with a new expiration date.
You may not transfer or assign your Account or Card to any other person. We may
assign  or  transfer  this  Account,  your  Account  balance,  or  this  Agreement  to
another person, who will have all of our rights.  This Agreement is binding on your
heirs and legal representatives.
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.
You agree that we may place a temporary freeze on all or part of your credit line
any time we receive a large payment ($1,000.00 or more), by a method other than
cash,  certified  funds,  or  electronic  transfer.    In  such  cases,  we  may  freeze  your
credit line until payment is actually collected by us.
Personal  Identification  Number  (PIN).  We  may  issue  a  Personal  Identification
Number (PIN) for use with your Card. This PIN is confidential and should not be
disclosed  to  anyone.  You  may  use  your  PIN  and  your  Card  to  access  your
Account,  and  all  sums  advanced  will  be  added  to  your Account  balance.  In  the
event a use of your PIN constitutes an Electronic Funds Transfer, the terms and
conditions of your Electronic Funds Transfer Agreement may affect your rights.
Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases, cash
advances, and balance transfers made by you or anyone whom you authorize to
use the Card; (b) all Interest Charges and all other charges or fees; (c) collection
costs and attorney's fees as permitted by applicable law, and any costs incurred in
the recovery of the Card; and (d) credit in excess of your credit limit that we may
extend to you.
Credit  Limit.  Your  maximum  credit  limit  will  be  disclosed  at  the  time  of  loan
disbursal and on your monthly statement. At our discretion, we may change your
credit limit 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.  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  us  in
writing.  Upon receipt of such notice, your credit limit will be reduced to its prior
limit; however, you will be responsible to pay promptly any amounts by which you
have  exceeded  the  reduced  limit.  You  agree  to  pay  any  amounts  you  owe  that
exceed your maximum credit limit 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 credit application.

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,  your  creditworthiness,  or  for  any  other  reason  not
prohibited by law.
Correcting the Credit Union's Credit Report. If you think we reported erroneous
information about you to a credit reporting agency, call us at the telephone number
listed on your monthly billing statement.  We will promptly investigate the matter
and will contact each credit reporting agency whose records may reflect an error.
We will require them to correct your report if the investigation determines you were
correct.    If  we  disagree  with  you  after  the  investigation,  we  will  advise  you,  in
writing or by phone, and provide you instruction as to submitting to those agencies
a statement of your position that will become a part of your credit record with them.
Insurance  Protection.  If  you  elect  insurance  protection  and  your  application  is
approved, then the charges will be added to your Account balance each month.
Automatic  Payment  Transfer  Option.  If  you  request  the  automatic  payment
transfer  option,  all  minimum  payments  due  will  automatically  be  deducted  from
your designated account on your payment due date.  If your designated account
does  not  contain  sufficient  funds,  no  automatic  deduction  will  be  made,  your
account will be charged an overdraft fee, and you will be responsible for making
the payment by some other means.
Overdraft Protection. Available funds from this Account will be used as a form of
Overdraft Protection. In the event your checking account is overdrawn, available
funds will be transferred in a sufficient amount to cover the overdraft and any fees
associated  with  the  overdraft.   Advances  for  overdraft  protection  are  considered
cash  advances  and  are  subject  to  applicable  Interest  Charges. The  credit  union
has no obligation to notify you of any advance under the Overdraft Protection Plan
Agreement.
Interest  Rate  Adjustment  (Default  Rate).  We  may  adjust  the  interest  rate  on
your Account whenever your Account is two (2) minimum payments past due. We
may  change  your  interest  rate  to  the  highest  allowable  APR.    After  six  (6)
consecutive billing cycles of your Account being paid pursuant to the terms of your
agreement  with  us,  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.
Skip Payment Program. 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 skip a payment, you understand that we will continue to
apply  interest  charges  to  your  Account.  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.
Information Disclosure. We will disclose information to third parties about your
Account  or  the  transactions  you  make:  (1)  when  it  is  necessary  for  completing
transactions, or (2) in order to verify the existence and condition of your Account
for a third party, such as a credit bureau or merchant, or (3) in order to comply with
government agency or court orders, or (4) if you give us your written permission.
Illegal Transactions. You agree that your Card and Account will not be used to
make or facilitate any illegal transactions as determined by applicable law; and that
any  such  use  will  constitute  an  event  of  default  under  this Agreement.  We  may
decline any transaction that we believe to be illegal under applicable law, including
but not limited to any transaction involving or relating to any gambling activity. You
agree that we will have no liability or responsibility for any such use by you or any
authorized  user(s);  or  for  declining  any  such  transaction.  You  further  agree  to
indemnify and hold us harmless from any suits, liability, damages or adverse action
of any kind that results directly or indirectly from such illegal use. You promise to
pay us any and all amounts owing on your Card for any transactions made by you,
even if the transaction is determined to be illegal.
Joint  Accounts.  Each  of  you  will  be  responsible,  jointly  and  severally,  for  the
repayment of amounts owed, regardless of who initiated any transaction under the
Account.
If there are joint obligors or authorized users for this Account, each of you will have
the right to use the Account to obtain loans pursuant to the terms.
Any joint obligator has the right to cancel this Agreement by notifying us in writing.
Cancellation does not relieve any obligor of liability for any and all charges incurred
prior  to  cancellation.  Each  obligator  is  at  all  times  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.
Others Using Your Account. If you allow anyone else to use your Account, you
will  be  liable  for  all  credit  extended  to  such  persons.  You  promise  to  pay  for  all
purchases  and  advances  made  by  anyone  you  authorize  to  use  your  Account,
whether  or  not  you  notify  us  that  he  or  she  will  be  using  it.  If  someone  else  is
authorized to use your Account and you want to end that person's privilege, you
must notify us in writing, and if he or she has a Card, you must return that Card
with your written notice for it to be effective.

page 3 of 7

BORROWER'S NAME

ACCOUNT NUMBER

You agree that all borrowers and authorized users may 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.
Ownership of Card. Your Card remains our property and may be cancelled by us
at any time without notice. You agree to surrender your Card and to discontinue
use of the Account immediately upon our request.
Electronic  Disclosures,  Statements,  Agreements,  and  Notices.  You
specifically  agree  that  we  may  provide  all  disclosures,  statements,  agreements,
notices, amendments, revisions and other documents electronically.
Interest Charges on Account Balance. An Interest Charge computed on a daily
periodic  rate  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. An Interest Charge computed on a daily periodic rate
will begin to accrue on the transaction date of purchases (unless the grace period
applies), cash advance(s), and balance transfers, and will continue to be imposed
until you have paid any outstanding balance in full. The Credit Union calculates the
Interest Charge as follows:
The Interest Charge will be figured by applying the daily periodic rate indicated on
the  Truth  in  Lending  Disclosure  Statement  to  the  average  daily  balance  of
purchases,  cash  advances,  and  balance  transfers  multiplied  by  the  number  of
days in the billing cycle. The daily periodic rate and annual percentage rate (APR)
to  be  used  is  determined  by  the  account  type  approved  by  us  pursuant  to  the
terms of your application.  The APR for purchases, cash advances, and balance
transfers  may  vary  on  a  monthly  basis.  We  will  calculate  the  variable  APR  by
adding  a  margin  to  the  rate  disclosed  as  the  U.S.  Prime  Rate  reported  in  the
"Money Rate" table of the Wall Street Journal (paper version) on the third Tuesday
each  month  of  the  year.  The  new  variable  rate  will  be  applied  to  all  existing
balances not paid in full after any applicable grace period. The variable rate will not
be  higher  than  18%  or  as  otherwise  ordered  by  the  National  Credit  Union
Administration (NCUA) Board. Your variable rate will be disclosed to you in each
monthly statement.
Fees. In addition to the Interest Charges set forth above, you agree to also pay
any  and  all  fees  that  you  incur  as  disclosed  to  you  on  your  Truth-  in-  Lending
Statement  or  similar  disclosures  (as  may  be  amended  from  time  to  time),  or  as
disclosed to you during the term of your Card.
ATM  Access.  Owners  of  non-proprietary ATMs  may  charge  fees  in  addition  to
fees disclosed in this Agreement or the fee schedule. We will add these fees to
your Account. The other owners are required to provide appropriate disclosures to
you with regard to any such fees.
If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You agree to
notify us immediately if your Card is ever lost or stolen or if an unauthorized use
may have occurred. "Unauthorized use" means the use of the Card by someone
other than you who does not have actual, implied or apparent authority for such
use, and from which you receive no benefit. The telephone number to call is 602-
683-1000 (in Maricopa County) or 800- 523- 4603 (outside Maricopa County). You
agree to follow up your call with notice in writing to us at: Arizona Federal Credit
Union, P.O. Box 60070, Phoenix, AZ 85082-0070. You also agree to assist us in
determining  the  facts,  circumstances  and  other  pertinent  information  relating  to
any  loss,  theft  or  possible  unauthorized  use  of  your  Card  and  comply  with  such
procedures  as  we  may  require  in  connection  with  our  investigation.  You  will  be
liable  for  any  unauthorized  use  only  if  we  can  prove  that  you  were  grossly
negligent in your use or handling of your Card, or if we can prove that you used
your Card fraudulently.
Do not use the Card after you have notified the Credit Union, even if you find them
or have them returned to you.
Minimum  Payment  Due;  Crediting  of  Payments.  Payments  are  due  in  the
amount and on the date disclosed on your billing statement. Payments received at
a  staffed  branch  teller  line  will  be  credited  to  your  Account  that  day.  Mailed
payments to the address disclosed on your billing statement received by 5:00 p.m.
will receive credit that day. Mailed payments to the address noted on your billing
statement  received  after  5:00  p.m.  will  be  applied  on  the  next  business  day.  If
payment  is  made  at  any  location  other  than  the  address  designated  on  the
periodic  statement,  credit  for  such  payment  may  be  delayed  up  to  five  (5)  days.
Payments will be applied in any order we determine, subject to applicable law.
You can pay off your Account balance in full each month or you can pay in monthly
installments. Refer to your monthly periodic statement for your next payment due
date. If you do not pay your balance in full, you agree to pay at least a minimum
payment of 2.7% of your new balance or $20.00, whichever is greater. If the new
balance shown on your periodic statement is $20.00 or less, you agree to pay this
amount. Unless we take 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  late  charges,  interest  on  new  cash
(cid:9) (cid:9) (cid:9) (cid:9) (cid:9) (cid:9) (cid:9) (cid:9) (cid:9)

advances,  purchases,  balance  transfers,  and  fees  and  next  to  principal  for  cash
advances, purchases, and balance transfers. 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
interest charges.
Default;  Acceleration;  Credit  Suspension;  Collection  Costs.  You  will  be  in
default  if:  (1)  you  fail  to  make  any  payment  on  time;  (2)  if  you  fail  to  keep  any
promises  you  have  made  under  this Agreement  or  under  other Agreements  you
have  with  us;  (3)  if  you  die;  (4)  if  you  file  a  petition  in  bankruptcy  or  have  a
bankruptcy petition filed against you, or if you become involved in any insolvency,
receivership  or  custodial  proceeding;  (5)  if  anyone  attempts  to  take  any  of  your
funds  held  by  us  via  legal  process  or  if  you  have  a  judgment  or  tax  lien  filed
against you; (6) if you make any false, inaccurate, or misleading statements in any
credit application or credit update; or (7) if we, in good faith, believe that your ability
to  repay  what  you  owe  is  or  soon  will  be  impaired,  or  that  you  are  unwilling  to
make your payments.
If you are in default, we have the right to demand immediate payment of your full
Account  balance  without  giving  you  notice.  If  immediate  payment  is  demanded,
you  agree  to  continue  paying  interest  charges  and  fees  until  what  you  owe  has
been paid, and any shares that were given as security for your Account may be
applied towards what you owe. You agree to pay all reasonable costs of collection,
including court costs and attorney's fees, and any costs incurred in the recovery of
the Card, subject to applicable law. Even if your unpaid balance is less than your
credit limit, you will have no credit available during any time that any aspect of your
Account is in default.
Additional  Benefits/Card  Enhancements.  We  may  from  time  to  time  offer
additional  services  to  your Account  at  no  additional  cost  to  you. You  understand
that we are not obligated to offer such services and may withdraw or change them
at any time.
In  order  to  receive  the  reward  card  benefit  (points  stored  and  available  for  use)
your Account must be open and in good standing (i.e., not cancelled or terminated
by either party) at the time your request is made to redeem such points. The Credit
Union  reserves  the  right  to  suspend  your  participation  in  the  reward  program  at
any  time.  Once  your Account  is  closed  the  points  are  forfeited  and  may  not  be
restored if you qualify to re-open and/or open another credit card account.
Convenience Checks. We may, at our discretion, issue checks to you which may
be used for any purpose other than making a payment for credit to your Account.
By signing such check, you authorize us to pay the item for the amount indicated
and post such amount as a cash advance to your Account. We do not have to pay
any item which would cause the outstanding balance in your Account to exceed
your credit limit.
Credit Information. We may from time to time request personal information from
you or obtain credit reports from the credit reporting agencies for the purpose of
updating  your  credit  status.  Your  failure  to  provide  such  information  when
requested  by  us  may  result  in  suspension  of  credit  privileges  under  this
Agreement,  including  your  ability  to  obtain  any  future  advances  by  any  means.
You  authorize  us  to  investigate  your  credit  standing  when  opening  or  reviewing
your Account. You authorize us to disclose information regarding your Account to
credit bureau and creditors who inquire about your credit standing.
Multi-Currency 
Transactions in Foreign Currency and Cross Border Transactions.
Currency Conversion Fee. If you effect or authorize a transaction with your card
in a currency other than United States dollars, VISA will convert the charge into a
United  States  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,  as  disclosed  on  your  Truth-in-  Lending
Statement  and  Rate  and  Fee  Schedule,  will  be  applied  to  transactions  that  are
converted from foreign currencies to United States dollars.
Cross-Border  Transaction  Fee.  In  addition,  VISA  charges  us  a  cross-border
assessment  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. We will assess cross-border fees, as disclosed on your Truth-in- Lending
Statement and Rate and Fee Schedule, to you to reimburse us for the fee we are
required to pay for each of your transactions subject to these terms. The fee(s) will
be shown on your periodic billing statement(s).

International  Service  Assessment  Fee.  Charges 

for

page 4 of 7

BORROWER'S NAME

ACCOUNT NUMBER

Termination;  Change-in-Terms.  We  may,  by  written  notice,  terminate  this
Agreement  at  any  time,  subject  to  applicable  law.  You  may  terminate  this
Agreement  by  written  notice.  Termination  by  either  party  shall  not  affect  your
obligation to repay any payments made for your Account resulting from use of the
Card as well as Interest Charges and fees incurred. We may change the terms of
this Agreement, including the method of calculating the periodic rate, at any time,
by written notice, subject to applicable law. Use of the Card constitutes agreement
and acceptance of any change in terms, unless applicable law requires otherwise.
Our failure to exercise any of our rights or to take any action shall not constitute a
waiver  of  those  rights,  or  an  amendment  or  change  in  any  of  the  terms  of  this
Agreement.
This  is  a  variable  rate  credit  card.    Changes  in  interest  rates  corresponding  to
changes in the index do not constitute a change in terms.
You agree that any lawsuit based on a cause of action against us must be filed
within  one  year  from  the  date  it  arises,  or  you  shall  be  barred  from  filing  any
lawsuit.    This  limitation  includes  tort,  contract,  and  all  other  causes  of  action  for
which you and we may lawfully contract to limit.
Late or Partial Payments. Any payment that delays the reduction of your balance
will  increase  your  total  interest  costs.  Partial  payments  or  prepayments  will  not
delay  your  next  scheduled  payment  -  you  will  still  need  to  make  the  minimum
scheduled payment by the next scheduled due date to keep your Account current.
We may accept late payments, partial payments, checks or money orders marked
"payment  in  full"  and  such  action  shall  not  constitute  final  settlement  of  your
Account or a waiver or forgiveness of any amounts owing under this Agreement.
Enforcement. We do not lose our rights under this or any related agreement if we
delay  enforcing  them.  If  any  provision  of  this  or  any  related  agreement  is
determined to be unenforceable or invalid, all other provisions remain in full force
and effect.
You  waive  the  right  to  receive  notice  of  any  waiver  or  delay  of  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.
Returns and Adjustments. Merchants and others who honor the Card may give
credit  for  returns  or  adjustments,  and  they  will  do  so  by  submitting  a  credit  slip
which will be posted to your Account. Credit balances in excess of $1.00 will be
transferred to your share account within 30 days of the last activity.
Plan  Merchant  Disputes.  We  are  not  responsible  for  the  refusal  of  any  plan
merchant or financial institution to honor your Card. Also, we are not responsible
for goods or services that you purchase with the Card unless: (a) your purchase
was made in response to an advertisement we sent or participated in sending you;
or (b) your purchase cost more than $50 and was made from a plan merchant in
your state or within 100 miles of your home; and only if you have made a good
faith attempt, but have been unable to obtain satisfaction from the plan merchant.
You  must  resolve  all  other  disputes  directly  with  the  plan  merchant.  We  do  not
warrant any merchandise or services purchased by you with the Card.
Statements  and  Notices.  Statements  and  notices  will  be  mailed  to  you  at  the
most recent postal address or e-mail address (if you have elected to receive such
documents via electronic means) you have given us. Notice sent to any one of you
will be considered notice to all.
Notification of Name, Address, and Employment Changes. You will notify us
promptly  if  you  change  your  name,  address,  or  employment  for  any  reason.  In
order to prevent identity theft, your identity may need to be verified before we act
upon the notification.
Money Transfer Services. If you receive any transmittal amount from any Money
Transfer Service (MTS) provider you agree to limit the daily amount to $2,500.  We
may increase or decrease this limit from time to time or accept or decline any MTS
request in our sole discretion or as allowed by regulation. Each transmittal amount
that is sent to your Card will generally post to your Card within two business days
after we receive the transmittal amount from the sender.
Copy  Received.  You  acknowledge  that  you  have  received  a  copy  of  this
Agreement.
Governing Law. This Agreement shall be construed under federal law and state
law in the state in which we are primarily located, and the venue shall be located in
the county and state in which we are primarily located. Operating regulations of
Visa may also apply. This Agreement is the contract that applies to all transactions
even though the sales, cash advance, convenience check, credit or other slips you
sign or receive may contain different terms.

YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE

This notice tells you about your rights and our responsibilities under the
Fair Credit Billing Act.
What To Do If You Find A Mistake On Your Statement
If you think there is an error on your statement, write to us at the address(es)
listed on your statement.
In your letter, give us the following information:

1.
2.
3.

Your name and account number.
The dollar amount of the suspected error.
If  you  think  there  is  an  error  on  your  bill,  describe  what  you  believe  is
wrong and why you believe it is a mistake.

You must contact us:

•
•

Within 60 days after the error appeared on your statement.
At  least  3  business  days  before  an  automated  payment  is  scheduled,  if
you want to stop payment on the amount you think is wrong.

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 amount in question.
What Will Happen After We Receive Your Letter
When we receive your letter, we must do two things:

1.

2.

Within 30 days of receiving your letter, we must tell you that we received
your letter. We will also tell you if we have already corrected the error.
Within 90 days of receiving your letter, we must either correct the error or
explain to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

•

•

We  cannot  try  to  collect  the  amount  in  question,  or  report  you  as
delinquent on that amount.
The  charge  in  question  may  remain  on  your  statement,  and  we  may
continue to charge you interest on that amount.
While you do not have to pay the amount in question, you are responsible
for the remainder of your balance.
We can apply any unpaid amount against your credit limit.
After we finish our investigation, one of two things will happen:

•

•

•

•

If we made a mistake: You will not have to pay the amount in question or
any interest or other fees related to that amount.
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 of the amount you owe and the date payment is due. We may
then report you as delinquent if you do not pay the amount we think you
owe.

If you receive our explanation but still believe your bill is wrong, you must write
to  us  within  10  days  telling  us  that  you  still  refuse  to  pay. If  you  do  so,  we
cannot  report  you  as  delinquent  without  also  reporting  that  you  are
questioning  your  bill.  We  must  tell  you  the  name  of  anyone  to  whom  we
reported you as delinquent, and we must let those organizations know when
the matter has been settled between us.
If we do not follow all of the rules above, you do not have to pay the first $50
of the amount you question even if your bill is correct.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
If you are dissatisfied with the goods or services that you have purchased with
your 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 purchase.
To use this right, all of the following must be true:

1.

2.

3.

The  purchase  must  have  been  made  in  your  home  state  or  within  100
miles of your current mailing address, and the purchase price must have
been  more  than  $50.  (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 goods or services.)
You must have used your credit card for the purchase. Purchases made
with  cash  advances  from  an  ATM  or  with  a  check  that  accesses  your
credit card account do not qualify.
You must not yet have fully paid for the purchase.

If  all  of  the  criteria  above  are  met  and  you  are  still  dissatisfied  with  the
purchase, contact us in writing at the address(es) listed on your statement.
While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as
discussed  above.  After  we  finish  our  investigation,  we  will  tell  you  our
decision. At that point, if we think you owe an amount and you do not pay, we
may report you as delinquent.

page 5 of 7

BORROWER'S NAME

ACCOUNT NUMBER

PROGRAM AGREEMENT for DEBT PROTECTION PLAN

As used in this Debt Protection Plan Program Agreement ("Agreement"), "You", "Your" or "Borrower" means the person(s) who are obligated to repay a loan
to us who have purchased debt protection under this Agreement. "We", "Our", "Us" means  Arizona Federal Credit Union, 333 N. 44th Street, Phoenix, AZ
85008.  "Plan Administrator" means  Minnesota  Life  Insurance  Company, 400  Robert  Street  North,  St.  Paul,  Minnesota,  55101,  or  one  of  its  affiliates,  or  a
contracted third party.

This Agreement amends your loan or credit agreement.  By enrolling in this Debt Protection Plan ("Plan"), you agree to abide by the terms of this Agreement.
The Debt Protection Application is a part of this Agreement and is hereby incorporated as if fully set forth herein.

DEFINITIONS

Effective Date means  that date on which your Plan becomes effective, which is the later of: (1) the date you enroll in, and your eligibility is approved for, the
Plan; or (2) the date of your first advance under a protected open-end credit plan.

Presently working twenty-four (24) or more hours per week:  This term means that you are actively working for income for twenty-four (24) hours or more
per week. Working means actually performing your job duties and not off of work due to: leave of absence; layoff; routine or seasonal work interruption; or any
other reason.

Outstanding Balance and Payment: "Outstanding Balance" means the outstanding loan balance as of the date a Protected Event occurs.  "Payment" means
the minimum monthly loan payment scheduled under your loan agreement. Outstanding Balance and Payment both refer to the protected amount under the
Plan and include principal, interest, the Plan fee and any amounts which the creditor and borrower agreed to finance as part of the loan at the time the credit is
extended. It does not include late fees or other fees; real estate taxes or property insurance premiums; or any amount that represents defaults in scheduled
payments of either interest or principal.  A scheduled lump- sum Balloon payment will only be protected if the Protected Event cancels the Outstanding Balance.
Additionally, any advance taken during any period of Involuntary Unemployment or Disability will not be protected and the payment for that advance will not be
cancelled. You will be responsible for re-paying any amounts that are not cancelled.

Pre-existing  condition:   means  a  condition  for  which  you  received  or  had  medical  treatment,  advice  or  diagnostic  tests  either  for  that  same  condition  or  a
related  condition  within  the  six-month  period  immediately  prior  to  the  Effective Date  and  immediately  prior  to  each  and  every  advance  taken.  However, any
Protected Event resulting from any such condition or a related condition will not be excluded if the Protected Event commences six months or more after the
Effective Date of protection or six months or more after the advance is taken.

TERMS OF PROTECTION

Who is eligible for protection? This Plan protects an eligible Borrower ("Borrower 1") against Protected Events that occur while you are enrolled in the Plan
("Single  Protection").  You  may  also  elect  protection  for  a  Co-Borrower  ("Borrower  2")  against  the  Protected  Events  within  the  Plan  purchased  ("Joint
Protection"). Co-signers, guarantors, and non-borrower owners of collateral are not eligible for protection.

What types of loans are eligible for protection under the Plan? The following types of loans are eligible for protection if the Plan is made available to you on
that loan type:

Plan 1:  closed-end consumer loans; open-end consumer credit plans and unsecured lines of credit; credit cards; closed-end home equity loans (e.g. second
mortgages); and home equity lines of credit.

Plan 2:  closed-end consumer loans; open-end consumer credit plans and unsecured lines of credit; and credit cards.
What is the Plan Fee and how is it collected? The Plan Fee is the amount you pay for the Protection.  It is calculated by applying the rate per $1,000 of your
monthly outstanding balance or loan amount and will be charged and collected monthly. For closed-end loans, the fee becomes part of your required monthly
loan payment, if you choose that option, or the term of your loan will be extended. For open-end loans, or if Debt Protection is added after the start of your loan,
the fee may be added to your outstanding balance as an advance each month without increasing your minimum monthly payment due. This may increase the
time it takes to fully re-pay the loan and interest will accrue on the debt protection advance. If you fail to pay the fee, we can cancel the protection or, at our
option, add the fee to your outstanding balance upon which it will accrue interest. Such addition may extend the term of your loan.

Can the Plan Fee and terms of this Agreement Change? Yes.  We can change the terms of this Agreement, including the rates, at any time. If we do so, you
will be provided prior notice and an opportunity to cancel your Agreement under the Plan.

Can this Agreement be contested? Yes.  If we find that you did not meet the eligibility requirements at the time of your application, your protection under the
Plan will be removed, you will receive a refund of fees paid, and an otherwise valid claim will be denied.

PROTECTED EVENTS
The following describes the types of Protected Events and the protection afforded under each Plan:

DEATH (Plans 1 & 2;  Joint Protection Available)

What is the Death benefit?

Plan 1:  If you, or your joint borrower protected under a Joint Plan, dies, we will cancel up to six (6) consecutive Payments as of the date of death.  If both
protected Borrowers die simultaneously, we will cancel twelve (12) Payments.

Plan 2:  For each protected borrower, we will cancel the amount of your Outstanding Balance as of the date of death, up to $75,000.  If two protected Borrowers
die simultaneously, we will cancel the Outstanding Balance, up to $75,000.  In no event will an excess of $75,000 be cancelled.

DISABILITY (Plan 1; Joint Protection Available)

What does Disability mean and how do I qualify for Disability?
Disability means your continuous inability, due to sickness or injury, to perform the substantial and material duties of your regular occupation and you are under
the  regular  care  and  treatment  of  a  licensed  physician  or  licensed  health  care  provider.    To qualify  for  Disability  protection,  you  must  be  disabled  for  30
consecutive days.  Benefits begin to accrue on the thirty-first (31st ) day that you are disabled.

What amounts will be cancelled under the Disability protection?
For each occurrence of Disability, we will cancel 1/30th of the Payment for each day that you are disabled beginning with the thirty-first (31st) day of Disability
and continuing for up to six (6) Payment cancellations.  However, cancellations will immediately cease if you recover or return to work; or if the loan is paid off,
is refinanced, or is discharged for any reason. Cancellation is limited to a total of $15,000 over the term of the loan per each protected Borrower, regardless of
the number of occurrences.  The maximum monthly cancellation is $1,000.

What if the same or related disability occurs?
Please see the "What if I suffer a recurrence" question in the General Provisions section below.

9011 LASER ML FPDF FI14208 Rev 11-2015

page 6 of 7

COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.

BORROWER'S NAME

ACCOUNT NUMBER

INVOLUNTARY UNEMPLOYMENT (Plan 1;  Joint Protection Available)

What does Involuntary Unemployment mean and how do I qualify for protection?
Involuntary  Unemployment  means  that  you  involuntarily  lost  your  full-time  employment  and  you  are  eligible  for, and  are  receiving,  unemployment  benefits.

To qualify for Involuntary Unemployment protection, the following requirements must be met:

(cid:9) 1. You are involuntarily unemployed for 30 consecutive days; and

(cid:9) 2. You are receiving unemployment benefits for the period of unemployment for which you are making a claim under this Agreement.

What amounts are cancelled under Involuntary Unemployment protection?
We will cancel 1/30th of the Payment for each day you are involuntarily unemployed, beginning with the thirty-first (31st) day of Involuntary Unemployment and
continuing  for:  (a)  up  to  six  (6)  Payment  cancellations  per  occurrence  of  Involuntary  Unemployment  or  (b)  until  you  discontinue  receiving  unemployment
benefits for any reason or (c) you regain employment; whichever is earlier. Cancellation is limited to no more than $15,000 over the term of the loan per each
protected Borrower, regardless of the number of occurrences. The maximum monthly cancellation is $1,000.

EXCLUSIONS

Exclusions apply to both the Outstanding Balance and any and all advances under an open-end credit plan.

Benefits will not be provided under any Protected Event if the Protected Event:
(1) is due to suicide committed within the first 2 years of protection; (2) is due to an intentionally self-inflicted injury; (3) is due to a Pre-existing Condition; (4)
results from war or any act of war, whether declared or undeclared; or (5) occurs on or after your 70th birthday.

The following exclusions apply in addition to the above:

Benefits will not be provided under Disability protection if:
the disability is related to a normal pregnancy, normal childbirth, or elective abortions. Complications due to pregnancy or childbirth will only be protected if the
complications themselves are the cause of the disability.

Benefits will not be provided under Involuntary Unemployment protection if:
(1) your job is terminated because: (a) you retire; (b) you quit or resign your employment for any reason; (c) you lose your employment due to: (i) willful or
criminal misconduct; (ii) a normal, routine or seasonal shut-down; (iii) discharge from active military service; (iv) disability caused by sickness or injury; or (v) a
strike,  lockout,  or  labor  dispute;  (2)  the  involuntary  unemployment  commences  within  90  days  after  your  Effective  Date;  or  (3)  you  received  unemployment
benefits within 2 years prior to applying for the Plan.

GENERAL PROVISIONS

How do I obtain benefits and verify a Protected Event under the Plan?
To obtain benefits under the Plan, you must notify us of a Protected Event within 30 days or as soon as possible, but no later than six (6) months after the
occurrence  of  the  Protected  Event,  and  provide  any  documentation  or  information  required  by  us  at  the  time  of  your  claim  and/or  throughout  the  period  for
which Payments are being cancelled.  You must be able to verify the Protected Event to our satisfaction.  If your delay in filing a claim prevents us in any way
from determining eligibility under the Plan, no benefit will be issued.

What if I sustain an unrelated injury or sickness while I am disabled?
If you are disabled ("original occurrence") and sustain an additional sickness or injury which would be in and of itself disabling, the additional sickness or injury
will not be considered a new occurrence of Disability, but rather will be considered the same occurrence. This means that you will receive benefits only if you
did not exhaust your maximum per-occurrence benefits in connection with the original occurrence.

What if I suffer a recurrence of the same or related Protected Event?
If you incur a claim for the same type of Protected Event again within six (6) months after you have recovered or returned to full-time work, we will consider this
a  continuation  of  the  prior  event.    (For  disability, however, this  only  applies  if  you  are  disabled  due  to  the  same  condition.)    This  means  that  the  maximum
number of cancellations per occurrence for the prior event will still apply; if that maximum was already reached, no benefits will be issued.  If you incur a claim
for the same type of Protected Event again more than six (6) months after you have recovered or returned to full-time work, we will consider this a new event
and  the  terms  and  conditions  of  the  Plan  apply  as  if  no  prior  event  occurred.    This  provision  applies  whether  you  return  to  work  full-time  with  the  same  or
different employer.

What is the status of my loan following the occurrence of a Protected Event?
During the time it takes to process your request for benefits, you are responsible for making your monthly payment by the due date.  Once benefits begin, you
are responsible for any difference between the minimum payment due on the loan and the amount that is cancelled.

What if the term of my loan ends while I am receiving cancellations under the Plan?
Regardless of the number of cancellations you may otherwise be entitled to, cancellations will cease if the loan is paid off, is refinanced, or is discharged for
any reason.

How can the Plan be terminated?
You may terminate this Agreement at any time by writing us at Arizona Federal Credit Union, P.O. Box 60070, Phoenix, Arizona 85082-0070.  If you do so within
thirty (30) days of your enrollment in the Plan, we will credit your loan account for any fees charged for this protection.  We can  terminate this Agreement by
giving  you  written  notice  at  least  thirty  (30)  days  in  advance  of  the  termination. Termination by  us  or  you  will  be  effective on  the  first  of  the  month  following
termination.  Fees for the month in which notice of termination is received will still be due and collected from the loan payment.

Your Plan participation will terminate without advance notice if: (1) your loan is paid off, refinanced, or discharged for any reason; (2) required loan payments
are past due by 90 days or more; (3) you fail to pay the Plan Fee; (4) both protected Borrowers reach age 70 or die; or (5) the protected Outstanding Balance is
paid off under the terms of the Plan or all maximum cancellations are reached.  If you bring your loan current after your Protection has been terminated for
delinquency, protection will not be reinstated automatically and you must re-apply for the Plan.

What are the tax implications?
You may be subject to federal, state and local taxes on the amount of your cancelled loan payment or balance. You should consult your tax advisor.  We or the
Plan Administrator do not provide you with guidance on the tax implications, if any, of a cancelled debt.

What if I have questions about the Plan?
Telephone us at 602-683-1000 or 1-800-523-4603 or write to us at Arizona Federal Credit Union, P.O. Box 60070, Phoenix, Arizona 85082-0070 if you have
any questions regarding this Plan.

page 7 of 7