Classic VISA Credit Card  
Agreement and Federal 
Truth-In-Lending 
Disclosure Statement

REVISED FEBRUARY 1, 2010
IMPORTANT DOCUMENT
PLEASE KEEP FOR YOUR RECORDS

LOST OR STOLEN CARDS
(866) 604-0381
(727) 570-4881

Federally Insured by the NCUA

16150 SHERMAN WAY, VAN NUYS, CA 91406
PHONE (877) 695-2732 FAX (818) 787-3273
www.lapfcu.org 

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In this Classic VISA Credit Card Agreement and Federal Truth-in-Lending Disclo-
sure Statement (“Agreement”) the words “I”, “me”, “my” and “mine” mean each 
and all of those who apply for, or who sign for or use the Card and/or Account.  
The words “Credit Union”, “LAPFCU”, “you”, “your”, and “yours” mean Los Ange-
les Police Federal Credit Union. “Card” means the Classic VISA Credit Card(s) is-
sued to me and any duplicates and/or renewals you may issue. “Account” means 
my Classic VISA Credit Card Account with you. 

By requesting and receiving, signing, using or permitting others to use the Card 
and/or Account issued to me by you, I agree to be bound by the terms and condi-
tions as set forth herein and any amendments and/or change in terms thereto. 

AUTHORIZATION AND PAYMENT:  I authorize you to pay and charge my Ac-
count for all Purchases and Cash Advances made or obtained by me or anyone I 
authorize to use my Card or Account.  I will be obligated to pay all such Purchas-
es and Cash Advances charged to my Account whether resulting from: (1) actual 
use of my Card or Convenience Checks; (2) mail order or telephone, computer, 
or other electronic Purchases made without presenting the Card; or (3) any other 
circumstance where I authorize a charge, or authorize someone else to make a 
charge, to my Account (collectively, “authorized charges”).  I promise to pay you 
or to your order in U.S. Dollars with an instrument drawn on a financial institution 
in the United States at your office or at the address set forth on my periodic state-
ment all authorized charges on the terms and at the rates set forth herein, plus 
any FINANCE CHARGES assessed on my Account, and any other charges and 
fees which I may owe you under the terms of this Agreement (the “Account Bal-
ance”).  Payments will continue until I have paid in full the Account Balance.  To 
protect me and you, you may, in your sole discretion, place a temporary hold on 
the credit available to me any time you receive a payment of $1,000 or more from 
me via a payment method other than cash, certified funds or electronic transfer.  
In such cases, the hold on my available credit will remain in place until payment is 
actually collected by you.

CHANGE OF TERMS:  Account and agreement terms are not guaranteed for 
any period of time.  I understand and agree that you may amend, modify, add to, 
or delete from this Agreement any of its terms and conditions, including financial 
terms such as the method of application and the amount of any FINANCE 
CHARGE, ANNUAL PERCENTAGE RATE, monthly periodic rate and/or fee in 
accordance with applicable laws, by mailing a notice of the change to me at my 
last known address.  I also understand that in the event of a significant change, 
as defined under the federal Truth in Lending Act, any such notice will be mailed 
at least forty-five (45) days prior to the effective date of the significant change as 
required by applicable law.  I will have the right to reject significant changes to 
this Agreement prior to the effective date of such changes, unless I fail to make a 
required minimum payment within sixty (60) days after its due date.  If I reject any 
such significant change, you reserve the right to close my Account and require 
me to repay the Account Balance at terms no less favorable to me than your 
choice of the following:  (1) in accordance with the terms of this Agreement in 
effect as of the date I notify you of my rejection; (2) by recalculating my Minimum 
Monthly Payment based on a five (5) year amortization of my Account Balance 
from the date I notify you of my rejection; or (3) by recalculating my Minimum 
Monthly Payment based on a percentage of the Account Balance that is no 
more than twice the percentage required on the date I notify you of my rejection.  
Regardless of whether I reject the significant changes, the new terms will apply to 
any transactions that occur more than fourteen (14) days after you provide notice 
of the change in terms to me.  You may change the terms of this Agreement 
based on information in my credit report, market conditions, business strategy or 
for any other reason.  Notice of a change in terms is required, but may be sent as 
late as the effective date of the change where the change has been agreed to in 
writing, by me.

FINANCE CHARGES: The FINANCE CHARGE for a billing cycle will be the sum 
of three (3) components set forth below.  I understand and agree that under the 
“Change of Terms” section above, you have the right in your sole and absolute 
discretion to change the amount of any ANNUAL PERCENTAGE RATE, Monthly 
Periodic Rate and/or FINANCE CHARGE that may apply to my Account.

1. 

2. 

Cash Advance Fee
:  One (1) component of the FINANCE CHARGE is the 
Cash Advance Fee. Cash Advance transactions are subject to a Cash Ad-
vance Fee which shall be the greater of $2.00 or 2% of the amount of the 
advance which is posted to the Account during the billing cycle, but not to 
exceed $25.00 per Cash Advance.  In addition, a Cash Advance Fee may 
not cause the FINANCE CHARGE to exceed the maximum rate permitted 
for a federal credit union. Cash Advances are subject to the Monthly Peri-
odic Rate (see below) during the billing cycle in which the Cash Advance 
Fee is imposed. 

:  The second (2nd) component of the FINANCE 

Foreign Transactions Fee
CHARGE is the Foreign Transactions Fee.  Purchases, Cash Advances, 
and credit transactions made in foreign currencies are subject to a 
Foreign Transactions Fee FINANCE CHARGE of 1.0% of the amount of 
the Purchase, Cash Advance, or credit transaction which is posted to the 
Account during the billing cycle. International Purchases, Cash Advances, 
and credit transactions that are not made in foreign currencies are subject 
to a Foreign Transactions Fee FINANCE CHARGE of .8% of the amount of 
the Purchase, Cash Advance, or credit transaction which is posted to the 
Account during the billing cycle.

3. 

Monthly Periodic 
NUAL PERCENTAGE RATE :  The third (3rd) component of the FINANCE 
CHARGE is the Monthly Periodic FINANCE CHARGE.  The initial monthly 

FINANCE CHARGE, Monthly Periodic Rate, and AN-

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periodic rate is a discounted monthly periodic rate with an initial discounted 
ANNUAL PERCENTAGE RATE, as disclosed on the enclosed insert.  The 
initial discounted monthly periodic rate will remain in effect during my first 
six (6) monthly billing cycles unless I fail to make a payment when due or I 
make a payment that is returned (for further information, please refer to the 
PENALTY ANNUAL PERCENTAGE RATE section below).  Thereafter, the 
Monthly Periodic Rate used in calculating the monthly Periodic FINANCE 
CHARGE and the corresponding ANNUAL PERCENTAGE RATE are dis-
closed on the enclosed insert.  The Monthly Periodic FINANCE CHARGE is 
imposed as follows: 

i. 

ii. 

:  A periodic FINANCE CHARGE will be imposed on 

Cash Advances
Cash Advances that I obtain through the use of my Card as of the 
date of each such Cash Advance and will continue to accrue until the 
Cash Advance is repaid. 

:  A periodic FINANCE 

Credit Purchases of Goods and Services
CHARGE will be calculated on credit purchases that I obtain with my 
Card as of the date such credit purchase is posted to my Account 
and will continue to accrue until the date of repayment.  Periodic FI-
NANCE CHARGES will be imposed on credit purchases only if they 
are not paid in full within twenty-five (25) days after the Statement 
Closing Date (“Grace Period”). 

MINIMUM FINANCE CHARGE:  A minimum FINANCE CHARGE of $0.50 will be 
assessed whenever a monthly Periodic FINANCE CHARGE is imposed.

MONTHLY PERIODIC FINANCE CHARGE, MONTHLY PERIODIC RATE AND 
ANNUAL PERCENTAGE RATE:  The Monthly Periodic FINANCE CHARGE for 
each billing cycle will be calculated by applying the Average Daily Balance (de-
scribed below) for my Account for the billing cycle by the Monthly Periodic Rate.  
The Monthly Periodic Rate is determined by dividing the ANNUAL PERCENT-
AGE RATE by 12. 

PENALTY ANNUAL PERCENTAGE RATE:  A penalty ANNUAL PERCENT-
AGE RATE of 17.90% (corresponding Monthly Periodic Rate of 1.492%) may be 
applied to my Account Balance if I fail to make a payment when due or I make a 
payment that is returned.  You will provide me notice of such penalty ANNUAL 
PERCENTAGE RATE at least forty-five (45) days prior to the effective date of 
the penalty ANNUAL PERCENTAGE RATE.  I will have the right to reject the 
penalty ANNUAL PERCENTAGE RATE prior to the effective date of such penalty 
ANNUAL PERCENTAGE RATE, unless I fail to make a required minimum pay-
ment within sixty (60) days after its due date.  If I reject the penalty ANNUAL 
PERCENTAGE RATE, you reserve the right to close my Account and require me 
to repay the Account Balance at terms no less favorable to me than your choice 
of the following:  (1) in accordance with the terms of this Agreement in effect as 
of the date I notify you of my rejection; (2) by recalculating my Minimum Monthly 
Payment based on a five (5) year amortization of my Account Balance from the 
date I notify you of my rejection; or (3) by recalculating my Minimum Monthly Pay-
ment based on a percentage of the Account Balance that is no more than twice 
the percentage required on the date I notify you of my rejection.  Regardless of 
whether I reject the penalty ANNUAL PERCENTAGE RATE, such rate will apply 
to any transactions that occur more than fourteen (14) days after you provide 
notice of the penalty ANNUAL PERCENTAGE RATE to me.  My ANNUAL PER-
CENTAGE RATE will revert to the applicable “standard” ANNUAL PERCENTAGE 
RATE provided for in this Agreement, provided that I make six (6) consecutive 
Minimum Monthly Payments when due.

HOW TO COMPUTE THE CASH ADVANCES BALANCE (CONSISTING OF 
TRANSACTIONS RELATED TO CASH AND OTHER ADVANCE TRANSAC-
TIONS) UPON WHICH PERIODIC FINANCE CHARGES ARE ASSESSED: 

Average Daily Balance (including current Cash Advance transactions):  You figure 
a portion of the FINANCE CHARGE on my Account by applying the Monthly 
Periodic Rate to the Average Daily Balance of Cash Advances (including current 
Cash Advances).  To get the Average Daily Balance of Cash Advance transac-
tions you take the beginning balance of Cash Advance transactions on my 
Account each day, add any new Cash Advances, and subtract any payments or 
credits, and unpaid FINANCE CHARGES.  This gives you the daily balance of 
Cash Advance transactions.  Then, you add up all the daily balances of Cash 
Advance transactions for the billing cycle and divide the total by the number of 
days in the billing cycle.  This gives you the Average Daily Balance of Cash Ad-
vance transactions.  There is no grace period in order to avoid the imposition of 
FINANCE CHARGES on Cash Advances.  However, the combination of periodic 
FINANCE CHARGES, Cash Advance Fee and Foreign Transactions Fee, will not 
exceed the ANNUAL PERCENTAGE RATE permitted under applicable law.

HOW TO COMPUTE THE PURCHASE BALANCE (CONSISTING OF TRANS-
ACTIONS RELATED TO PURCHASES OF GOODS AND SERVICES) UPON 
WHICH PERIODIC FINANCE CHARGES ARE ASSESSED: 

Average Daily Balance (including current Purchase transactions):  To avoid 
incurring an additional Periodic FINANCE CHARGE on the balance of Credit 
Purchases reflected on my periodic statement and on any new Credit Purchases 
appearing on my next periodic statement, I must pay the New Balance shown 
on my statement on or before the Payment Due Date.  You figure a portion of 
the FINANCE CHARGE on my Account by applying the Monthly Periodic Rate 
to the Average Daily Balance of Credit Purchases (including current Purchase 
transactions).  To get the Average Daily Balance of Purchase transactions you 
take the beginning balance of Purchase transactions on my Account each day, 
add any new Purchases, and subtract any payments or credits, and unpaid 

FINANCE CHARGES.  This gives you the daily balance of Purchase transac-
tions.  Then, you add up all the daily balances of Purchase transactions for the 
billing cycle and divide the total by the number of days in the billing cycle.  This 
gives you the Average Daily Balance of Purchase transactions.  I have a 25 day 
grace period from the close of the statement period to pay the New Balance of 
Purchase transactions without incurring additional FINANCE CHARGES.  If the 
New Balance of Purchase transactions is not paid in full during this grace period, 
FINANCE CHARGES will be assessed using the Average Daily Balance method 
as explained above.

This determines my total periodic FINANCE CHARGES for the billing cycle.  
Actual periodic FINANCE CHARGES will be shown on my periodic statement. 

CREDIT LIMIT:  You will establish a Credit Limit for me. At your discretion, you 
may increase or decrease my Credit Limit at any time, and may provide separate 
limits for Purchases and Cash Advances.  You will notify me if you do, either by 
mail or through my periodic statement.  If I object to any Credit Limit increase, I 
must notify you immediately in writing.  Upon receipt of such notice, my Credit 
Limit will be reduced to its prior limit, however, I will be responsible to pay any 
amounts by which I have exceeded the reduced limit.  I agree not to allow my 
Account Balance to exceed my Credit Limit.  I agree to advise you of any change 
in my financial condition which may affect my creditworthiness.  I agree to update 
the credit information that I have provided you, from time to time, on your de-
mand.  I or my joint applicant for the Account may request a change to the Credit 
Limit orally, in writing, or electronically, but any such request must be approved 
by you.  If my Credit Limit is increased, I am immediately responsible for the new 
Credit Limit and any increase in the Account Balance even when it differs from an 
amount previously agreed to orally or in writing. 

MINIMUM MONTHLY PAYMENT:  Every month, I must pay at least the Minimum 
Payment Due by the Payment Due Date shown on my periodic statement.  By 
separate agreement, I may authorize you to automatically transfer the Minimum 
Payment Due from my Credit Union share or share draft account.  I may, of 
course, pay more frequently, pay more, or pay the Account Balance in full, and I 
will reduce my periodic FINANCE CHARGE by doing so.  The Minimum Payment 
Due will be either:  (a) 2% of my Account Balance, or $20, whichever is greater; 
or (b) my Account Balance, if it is less than $20.  In addition, I must pay any 
amount on my periodic statement listed as past due and any late charge.  At any 
time my Account Balance exceeds my Credit Limit, I must pay the excess. 

The “Payment Due Date” will be shown on my periodic statement. 

I understand and agree that any Minimum Monthly Payment made by me will be 
applied in the following order:  (a) unpaid fees and charges, if any; (b) unpaid 
periodic FINANCE CHARGE due on both Purchases and Cash Advances; (c) 
outstanding balances of Cash Advances and Purchases previously billed; and 
(d) current Cash Advances and Purchases.  Any payment I make in excess of 
the Minimum Monthly Payment will be applied in the following order:  (a) my Ac-
count Balance subject to a penalty ANNUAL PERCENTAGE RATE; (b) my Cash 
Advance Balance; (c) my Purchases Balance; and (d) any remaining portion of 
my Account Balance in the order that my Minimum Monthly Payment would be 
applied.  

LATE PAYMENT FEE:  If you have not received my Minimum Payment Due 
within ten (10) days after the “Payment Due Date” listed on my periodic state-
ment, I agree to pay a Late Payment Fee as set forth in the enclosed Schedule of 
Fees which accompanies this Agreement and is incorporated by reference herein 
as though set forth in full.  

RETURNED PAYMENT FEE:  If a payment that was applied to my Account is 
returned to you unpaid for any reason I agree to pay a Returned Payment Fee as 
set forth in the enclosed Schedule of Fees.  This fee will also apply to any pay-
ments made by automatic transfer that cannot be posted due to insufficient funds 
in my regular share or checking account.  

CASH ADVANCE FEE:  For each Cash Advance, a Cash Advance Fee of either 
$2 or 2% of the amount of the Advance will be charged, whichever is greater, 
subject to a maximum fee of $25 for each Cash Advance transaction.  Cash 
Advance transactions include ATM withdrawals, online funds transfers, telephonic 
funds transfers, and in person Cash Advances at a financial institution’s branch 
from the Account.  

CREDIT LIFE AND/OR DISABILITY INSURANCE: The purchase of this insur-
ance is entirely voluntary and is not a factor in the approval of the extension of 
credit.  If credit life and/or disability insurance is available to me on the Account, 
and I request it by completing the Credit Insurance Application/Schedule which 
contains current rates and qualifying information, the premium will be calculated 
monthly by multiplying the premium rate by the outstanding balance on the 
Account.  You will add the premium amount to my Account Balance on each 
Billing Cycle Close Date.  I acknowledge receiving a copy of the Credit Insurance 
Application/Schedule. 

PREPAYMENT OR IRREGULAR PAYMENTS: Though I need only pay the 
Minimum Payment Due, I understand that I have the right to repay my Account 
Balance at any time without penalty.  I also understand and agree that I will only 
be charged periodic FINANCE CHARGES to the date I repay my entire Account 
Balance.  I may make larger payments without penalty and this may reduce the 
total amount of periodic FINANCE CHARGES that I will repay.  If I pay more than 
the Minimum Payment Due in any month and there is still a balance due, I must 
continue to make Minimum Payments in future months.  Any partial payment of 
my Account Balance will not advance my next payment due date(s).  I understand 
and agree that any payment that: (a) delays or (b) accelerates the repayment 

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of my Account Balance will:  (a) increase or (b) decrease my Monthly Periodic 
FINANCE CHARGE. 

PAYMENTS BY AUTOMATIC TRANSFER:  If I request payment by automatic 
transfer, I understand and agree that no payment can or will be made if there are 
insufficient or uncollected funds in the designated account to make the scheduled 
payment.  Should this event occur, I understand and agree that I will not be 
released from making the payment.  Any automatic transfer I have requested will 
remain in effect until I cancel it in writing or the Account Balance is paid in full.  
You may cancel this service at your discretion.

DEFAULT:  I will be in default if: (1) I do not pay on time or in the proper 
amount(s); (2) I have made a false or misleading statement on my application; (3) 
I fail to live up to any of the terms of this Agreement; (4) my creditworthiness is 
impaired; or (5) I die, become insolvent or am the subject of bankruptcy or receiv-
ership proceedings.  In the event of any action by you to enforce this Agreement, 
I agree to pay the costs thereof, including reasonable attorneys’ fees, and other 
expenses.  I understand and agree that FINANCE CHARGES at the ANNUAL 
PERCENTAGE RATE as permitted under this Agreement will continue to accrue 
until I repay my entire Account Balance.

ACCELERATION AND COLLECTION COSTS:  Upon my default, I understand 
and agree that you have the right to temporarily or permanently suspend any 
and all Account and Card privileges and/or you may demand immediate payment 
of the Account Balance, including FINANCE CHARGES, Late Payment Fees, 
and your collection costs, reasonable attorneys’ fees, and court costs (collec-
tively “collection-related charges”), and all other fees and charges hereunder.  I 
understand and agree that I will be subject to FINANCE CHARGES (at the ap-
plicable Monthly Periodic Rate), Late Payment Fees, collection-related charges, 
and all other fees and charges under the terms disclosed in this Agreement, until 
I repay my entire Account Balance.  In the event of any action by you to enforce 
this Agreement, I agree to pay the costs thereof, reasonable attorneys’ fees, and 
other expenses.

ELECTRONIC FUND TRANSFER:  In the event the use of the Card, the Account 
or the Account number of the Card constitutes an Electronic Fund Transfer, the 
terms and conditions of my Electronic Fund Transfer Agreement with you shall 
govern such transactions to the extent the Electronic Fund Transfer Agreement 
expands or amends this Agreement. 

PURCHASES AND ADVANCES:  I may make purchases and request advances 
in accordance with then current loan policies up to my Credit Limit.  I understand 
and agree that all purchases and other transactions requested by me or anyone I 
have permitted to use the Card(s) and/or Account are subject to your approval. 

USING THE CARD:  To make a Purchase or obtain an Advance, I may present 
the Card or Card number to a participating VISA plan merchant, to you or to 
another financial institution that accepts Classic VISA Credit Cards and sign or 
authorize a sales or Cash Advance draft.  Certain purchases and Cash Advances 
will require an authorization prior to completion of the transaction.  In some 
cases, I may be asked to provide identification. If I have received a personal 
identification number (“PIN”), I may also use my Card and PIN to obtain Cash 
Advances at any Automatic Teller Machine (“ATM”) that accepts my Card or 
other type of electronic terminal that provides access to the VISA system.  (Not 
all ATMs accept Classic VISA Credit Cards.)  My PIN is confidential and should 
not be disclosed to anyone.  I agree not to write my PIN on my Card, I will not 
keep my Card and PIN together, and I will not provide my PIN to anyone who is 
not an authorized user.  Advances through ATM access will be treated as Cash 
Advances.  Advances at authorized ATMs are limited to a total of $300.00 per 
day.  I may also provide my Card number verbally, electronically, or in writing to a 
merchant to complete a mail, electronic or telephone transaction.

If your authorized system is not working, I may not be able to authorize a transac-
tion, even if I have sufficient available credit. Occasionally for security reasons, 
you may block usage of my Card and/or Account in certain foreign countries or 
geographical areas.  You will not be liable to me if any of these events happen. 

My Card and/or Account may not be used directly or indirectly for:  (1) any illegal 
activity or transaction; or (2) any gambling, gaming, betting or similar activity or 
transaction. Further, I may not utilize my Card and/or Account for the purchase of 
any goods or services on the Internet that involve gambling, betting or any similar 
activity or transaction. Such transactions include, but may not be limited to, any 
quasi-cash or online gambling transaction, any electronic commerce transac-
tion conducted over an open network, and any betting transaction including the 
purchase of lottery tickets or casino gaming chips or off-track betting or wagering.  
However, in the event that a charge or transaction described in this paragraph is 
approved and processed, I will still be responsible for such charges. 

FOREIGN TRANSACTIONS:  Purchases, cash advances and credits made in 
foreign currencies will be billed to my Account in U.S. dollars.  The conversion to 
U.S. dollars will be made in accordance with the VISA operating regulations for 
international transactions.  Such regulations provide for either a .8% currency 
exchange fee for single currency transactions (transactions made internationally 
without a currency conversion) or 1% currency exchange fee for multi-currency 
international transactions (transactions made internationally that require a cur-
rency conversion), which is added to the amount of the purchase, cash advance, 
or credit and retained by VISA.  Transactions conducted in U.S. military bases, 
territories, embassies, or consulates are not considered international transactions 
and will not be subject to the .8% currency exchange fee.  The exchange rate be-
tween the transaction currency and the billing currency used for processing inter-
national transactions is 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 may 
be different than the rate on the day of the transaction or date of the posting of 
the Account.  When a credit to the Account does not fully offset a charge to the 
Account due to changes in the rate, I am responsible for the differences. 

RESPONSIBILITY:  I agree to repay you according to the terms of this Agree-
ment for all purchases, advances, FINANCE CHARGES, Late Payment Fees, 
and all other fees and charges, if any, arising from the use of the Card and/
or Account by me or any other person I permit to use the Account, even if that 
person exceeds my permission.  I cannot disclaim responsibility by notifying you, 
although you will close the Account if I so request and I will return all Cards to 
you and I will repay the unpaid balance to you.  My obligation to pay the Account 
balance continues even though an agreement, divorce decree or other court 
judgment to which you are not a party may direct me or one of the other persons 
responsible to pay the Account.  Any person using the Account and/or Card is 
jointly and severally responsible with me for charges he or she makes, but if that 
person signs the Card he or she becomes a party to this Agreement and is also 
responsible for all charges on the Account, including mine.  The Cards remain 
your property and I must recover and surrender to you all Cards upon your 
request and/or upon termination of this Account. 

TRANSACTION SLIPS:  My periodic statement will identify the merchant, elec-
tronic terminal or financial institution at which transactions were made, but sales, 
Cash Advances, credit or other slips cannot be returned with the periodic state-
ment.  I will retain the copy of such slips furnished at the time of the transaction in 
order to verify my periodic statement.  You may assess a reasonable fee for any 
photocopies or slips I request. 

PLAN MERCHANT DISPUTES:  You are not responsible for the refusal of any 
plan merchant or financial institution or electronic terminal to honor the Account 
and/or Card.  You are subject to claims and defenses (other than tort claims) aris-
ing out of goods or services I purchase with the Card only if I have made a good 
faith attempt but have been unable to obtain satisfaction from the plan merchant, 
and: (a) my purchase was made in response to an advertisement you sent or 
participated in sending me; or (b) my purchase cost more than $50.00 and was 
made from a plan merchant in my state or within 100 miles of my current mailing 
address.  Any other dispute I must resolve directly with the plan merchant. 

RETURNS AND ADJUSTMENTS:  Merchants and others who honor the Ac-
count and/or Card may give credit for returns or adjustments, and they will do 
so by sending you a credit slip which you will post to my Account.  If my credits 
and payments exceed what I owe you, you will hold and apply this credit balance 
against future Purchases and Advances, or if it is $1.00 or more, refund it on my 
written request. 

UNAUTHORIZED USE:  If I notice the loss or theft of my Card  
or a possible unauthorized use of my Card, I should write to you  
immediately at:  P. O. Box 10188, Van Nuys, California 91410- 
0188, or call you at (877) 695-2732.  I will not be liable for any unauthorized use 
that occurs after I notify you.  I may, however, be liable for unauthorized use that 
occurs before my notice to you.  In any case, my liability will not exceed $50.   My 
liability may be zero ($0) in cases of VISA Credit Card fraud in accordance with 
current VISA U.S.A., Inc. Operating Regulations.  This does not apply to ATM 
transactions using the Card and PIN. 

SURRENDER OF CARD(S):  The Card(s) remains your property and, if you 
request, I must surrender to you all Cards you have issued on the Account. 

LOST OR STOLEN CARD(S) NOTIFICATION AND LIABILITY:   
I will notify you AT ONCE by immediately calling you at (866) 604- 
0381 or, if I am outside the U.S., call collect at (727) 570-4881 if I believe that 
the Card, Account number, PIN or any combination of the three has been lost 
or stolen.  Telephoning is the best way of keeping my possible losses down.  I 
understand that my total liability to you shall not exceed $50.00 for any Account 
and/or Card transactions resulting from the loss, theft or unauthorized use of the 
Account and/or Card that occurs prior to the time I give notice to you.  Such liabil-
ity does not apply when the Account and/or Card is used to make an electronic 
transfer.

PAYMENTS MARKED “PAID IN FULL”:  You may accept checks, money orders, 
or other types of payment marked “payment in full” or using other language to 
indicate full satisfaction of indebtedness, without being bound by such language 
or waiving any rights under this Agreement.  Full satisfaction of indebtedness 
shall be accepted by you only in written agreement, signed by an authorized 
representative of the Credit Union. 

DELAY IN ENFORCEMENT:  You can delay enforcing any of your rights under 
this Agreement without losing them. 

GOVERNING LAW:  I understand and agree that this Agreement is made in 
California and shall be governed by the laws of the State of California to the 
extent that California law is not inconsistent with controlling federal law.  I also 
understand and agree that California’s choice of law rules shall not be applied if 
they would result in the application of non-California law. 

INTEGRATED DOCUMENT(S):  Any separate sheet of paper labeled “Adden-
dum to the Classic VISA Credit Card Agreement and Federal Truth in Lending 
Disclosure Statement” which is delivered together with this form is an integral part 
of the Agreement and is incorporated herein as if set forth in full. 

4

MEMBERSHIP REQUIREMENT:  I understand and agree that I must be and 
remain a member in good standing with you to be eligible for continuing Account 
and/or Card privileges including future purchases and advances.  I understand 
and agree that you may suspend the Account and/or Card privileges during any 
period in which I do not maintain my membership in good standing with you. 

TERMINATION:  You may terminate this Agreement upon my default.  Either 
you or I may terminate this Agreement for other good cause.  In no event shall 
any termination relieve me of my obligation to repay sums already borrowed, 
FINANCE CHARGES, Late Payment Fees, and all other fees and charges 
hereunder, if any.  I agree to return all of the Cards issued to me or any party 
designated by me. 

CREDIT INFORMATION:  I authorize you to investigate my credit when opening, 
renewing or reviewing the Account, and I authorize you to disclose information 
regarding the Account to credit bureaus and other creditors who inquire of you 
about my credit standing to the extent authorized by law.  I understand that you 
may provide information to credit bureaus about negative information concerning 
my Account (such as my insolvency, delinquency, late payment or default on my 
Account) which the credit bureaus may include in my credit report. 

CHANGE OF NAME, ADDRESS, EMPLOYMENT STATUS:  I understand and 
agree that I must report to you any change in my name, address, employment 
status, or any other information that may negatively affect my creditworthiness. 

ACCURACY OF INFORMATION:  The information provided in my request for 
credit (Application) is accurate and I will notify you in writing immediately if 
there is a change in my financial condition.  You may retain the Application.  I 
understand that it is a violation of Section 1014, Title 18, US Code to make false 
statements or over value security for the purpose of influencing the action of any 
federally insured credit union.  You may gather credit and/or employment informa-
tion you deem necessary and appropriate from time to time and you may give 
information concerning your credit experience with me to others.

COPY RECEIVED:  I acknowledge receipt of a copy of this Agreement and agree 
to its terms.  This Agreement is the contract which applies to all transactions on 
the Account even though the sales, cash advance, credit or other slips I sign or 
receive may contain different terms.  I understand and agree that all of those who 
apply for and who sign for or use the Card or the Account agree to and accept 
the terms and conditions of this Agreement. 

NOTICE:  See the statement below for important information regarding my right 
to dispute billing errors.

ADDITIONAL TERMS APPLICABLE TO VISA CHECKS

CHECK USES:  I can use the VISA Checks (“Checks” or “Check) to purchase 
goods and services or to obtain cash up to the amount of my Credit Limit.  Use of 
the Checks is a cash advance on my VISA Account. 

LIMITATIONS:  You are not required to honor a Check that will cause me to 
exceed my Credit Limit.  You may refuse to pay a Check if at the time the Check 
is presented, I am in default or you have suspended, terminated or canceled the 
Account.  Each Check must be in the form you have issued me.  Checks may 
be used only by the person(s) whose name(s) is/are printed on the Check.  I am 
responsible for all authorized uses of the Checks.  I may not use the Checks to 
pay any amount which I owe you pursuant to this Agreement. 

PERIODIC STATEMENTS:  My periodic statement will show me an itemization 
of the Checks posted to the Account during the billing cycle.  Checks paid by you 
will not be returned to me with my periodic statements. 

RETURNED CHECK FEE:  You will charge a fee as set forth in the enclosed 
Schedule of Fees for each returned Check which will be billed to the Account, if 
my Check cannot be paid. 

STOP PAYMENT:  Provided such request is timely, so that you have a reason-
able opportunity to act upon it under your rules, I may order stop payment on a 
Check drawn on the Account, other than one that has been guaranteed.  In the 
event of an oral stop payment order, the order shall be valid for only fourteen (14) 
days thereafter unless confirmed in writing.  A written stop payment order will 
remain in effect only six (6) months unless renewed in writing.  I have the burden 
of establishing the fact and amount of loss resulting from payment contrary to a 
binding stop payment order.  You will charge a fee as set forth in the enclosed 
Schedule of Fees for each Check when I place a stop payment on my Check(s) 
which will be billed to the Account. 

SURRENDER OF VISA CHECKS:  The Checks are your property.  You reserve 
the right to revoke them at any time.  I agree to return them at your request. 

My Billing Rights: Keep this Document for Future Use

This notice tells me about my rights and your responsibilities under the 
Fair Credit Billing Act. 

What To Do If I Find a Mistake on My Statement

If I think there is an error on my statement, I must write to you at:

Los Angeles Police Federal Credit Union
P. O. Box 10188, Van Nuys, CA  91410-0188

I may also contact you via secure e-mail by visiting the LAPFCU 
website, www.lapfcu.org, and clicking on “Contact” and “e-mail”. 

 
 
In my letter, I must give you the following information:

• Account information:  My name and Account number.

• Dollar amount:  The dollar amount of the suspected error.

• Description of problem:  If I think there is an error on my bill, I must describe 
what I believe is wrong and why I believe it is a mistake.

I must contact you:

• Within 60 days after the error appeared on my statement.  

• At least 3 business days before an automatic payment is scheduled, if I want to 
stop payment on the amount I think is wrong.  

I must notify you of any potential errors in writing or electronically.  I may call you, 
but if I do you are not required to investigate any potential errors and I may have 
to pay the amount in question.  

What Will Happen After You Receive My Letter

When you receive my letter, you must do two things:

1. 

2. 

Within 30 days of receiving my letter, you must tell me that you 
received my letter.  You will also tell me if you have already corrected 
the error.

Within 90 days of receiving my letter, you must either correct the error 
or explain to me why you believe the bill is correct.

While you investigate whether or not there has been an error:

• You cannot try to collect the amount in question, or report me as delinquent on 
that amount.

• The charge in question may remain on your statement, and you may continue to 
charge me interest on that amount.

• While I do not have to pay the amount in question, I am responsible for the 
remainder of my balance.

• You can apply any unpaid amount against my credit limit.

After you finish your investigation, one of two things will happen:

• If you made a mistake:  I will not have to pay the amount in question or any 
interest or other fees related to that amount.

• If you do not believe there was a mistake:  I will have to pay the amount in 
question, along with applicable interest and fees.  You will send me a statement 
of the amount I owe and the date the payment is due.  You may then report me as 
delinquent if I do not pay the amount you think I owe.

If I receive your explanation but still believe my bill is wrong, I must write to you 
within 10 days telling you that I still refuse to pay.  If I do so, you cannot report me 
as delinquent without also reporting that I am questioning my bill.  You must tell 
me the name of anyone to whom you reported me as delinquent, and you must 
let those organizations know when the matter has been settled between us.  

If you do not follow all of the rules above, I do not have to pay the first $50 of the 
amount I question even if my bill is correct.

My Rights If I Am Dissatisfied With My Credit Card Purchases

If I am dissatisfied with the goods or services that I have purchased with my cred-
it card, and I have tried in good faith to correct the problem with the merchant, I 
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. 

The purchase must have been made in my home state or within 100 
miles of my current mailing address, and the purchase price must 
have been more than $50.  (Note:  Neither of these are necessary if 
my purchase was based on an advertisement you mailed to me, of if 
you own the company that sold me the goods or services.)

I must have used my credit card for the purchase.  Purchases made 
with cash advances from an ATM or with a check that accesses my 
credit card account do not qualify.

3. 

I must not have fully paid for the purchase.

If all of the criteria above are met and I am still dissatisfied with the purchase, I 
must contact you in writing or electronically at:

Los Angeles Police Federal Credit Union
P. O. Box 10188, Van Nuys, CA  91410-0188; or
I may contact you via secure e-mail by visiting the LAPFCU website, 
www.lapfcu.org, and clicking on “Contact” and “e-mail”. 

While you investigate, the same rules apply to the disputed amount as discussed 
above.  After you finish your investigation, you will tell me your decision.  At 
that point, if you think I owe an amount and I do not pay, you may report me as 
delinquent.  

FORM 563 2/10  

00571504

5

 
 
ADDENDUM TO CLASSIC VISA® CREDIT CARD AGREEMENT
& FEDERAL TRUTH-IN-LENDING DISCLOSURE STATEMENT
Retain for your records

As of February 9, 2010, the non-variable monthly periodic rate for purchases and cash 
advances in effect for your Classic VISA® Credit Card is 1.1658% with a corresponding 
ANNUAL PERCENTAGE RATE of 13.99%. 

NOTE: Recently opened Classic VISA® Credit Card Accounts continue to be subject to the introductory
periodic rate of 2.99% APR as disclosed in the Classic VISA® Credit Card Account
Agreement and Federal Disclosure Statement during the first six (6) monthly
billing cycles after the account is established. Thereafter, the ANNUAL
PERCENTAGE RATE (APR) will convert to a non-variable rate.

F-614 02/10

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LOS ANGELES POLICE FEDERAL CREDIT UNION
SCHEDULE OF FEES
Effective February 9, 2010
CLASSIC VISA® CREDIT CARD ACCOUNTS
Annual Fee .........................................................................................................................................................None
Late Payment Fee ........................................................................................................................................... $15.00
CLASSIC VISA® Credit Card Loan Check stop payment (per item) ................................................................ $15.00
CLASSIC VISA® Credit Card Loan Check Returned check Fee (per item) ..................................................... $22.00
CLASSIC VISA® Credit Card Returned Payment Fee (per item) .................................................................... $22.00
CLASSIC VISA® Credit Card Statement copy (per copy) ................................................................................ $  1.00

Thank you for being partners in a proud traditionSM.

F-614 02/10

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