This Agreement covers your VISA Platinum Credit Card, Platinum 
Plus  Credit  Card,  Business  Platinum  Credit  Card  and/or  VISA 
Debit  Card  with  Cyprus  Federal  Credit  Union.  In  this  Agreement 
the words you and your mean each and all of those who use or sign 
a  card.  We,  us  and  ours  mean  Cyprus  Credit  Union.  Card  and/or 
Credit  card  means  the  VISA  Platinum  Card,  VISA  Platinum  Plus 
Card,  Business  Platinum  Card  and/or  VISA  Debit  Card  and  any 
duplicates  and  renewals  we  issue.  Account  means  your  VISA 
Platinum Card Line of Credit account, VISA Platinum Plus Line of 
Credit  account,  VISA  Business  Platinum  Line  of  Credit  account 
and/or VISA Debit Overdraft Line of Credit account with us. You 
agree that if you receive, sign, request, use or permit others to use 
or sign any of the cards issued under this Agreement, that you have 
accepted and agreed to all of the following terms, as amended from 
time to time. 
You agree to all procedures required by us or any merchant which 
honors your card as well as all terms on the card. Any plural term 
used  in  this  Agreement  shall  be  deemed  singular  if  context  and 
construction so require. Any singular term used in this Agreement 
shall be deemed plural if context and construction so require. 

1.  Responsibility.  If  we  issue  you  a  card,  you  agree  to  repay  all 
amounts due and the FINANCE CHARGE arising from the use of 
the  card  and  the  card  account.    You  are  responsible  for  charges 
made  by  yourself,  your  spouse  and  minor  children.    You  are  also 
responsible for charges made by anyone else to whom you give the 
card,  and  this  responsibility  continues  until  the  card  is  recovered. 
You  cannot  disclaim  responsibility  by  notifying  us,  but  we  will 
close the account for new transactions if you so request and return 
all  cards.    Your  obligation  to  pay  the  account  balance  continues 
even though an agreement, divorce decree, or other court judgment 
may  direct  you or  one  of  the  other  persons  responsible  to pay  the 
account.  Any person using the card is jointly responsible with you 
for charges he or she makes and any fees, but if that person signs 
the card, he or she becomes a party to this Agreement and is also 
jointly responsible for all charges on the account, including yours. 

2. Lost Card Notification.  If you believe the Card has been lost or 
stolen,  IMMEDIATELY  CALL  THE  CREDIT  UNION  at:  801-
260-7600, 1-800-929-7787 during regular business hours or 1-800-
682-6075 after hours. If your PIN has been compromised, call #1-
800-754-4128. A fee may be assessed for replacement of each lost 
card.  Refer to the fee schedule. 

3.  Your  Liability  for  Unauthorized  Use.    If  you  believe  your 
Card  or  your  PIN  has  been  lost  or  stolen  or  that  someone  has 
transferred  or  may  transfer  money  from  your  account(s)  without 
your permission, tell us AT ONCE.  Telephoning is the best way of 
keeping your potential losses down. 

VISA Credit Card / VISA 
Debit Card Agreement 

4.  Credit  Line.    We  have  established  a  self-replenishing  VISA  Credit 
Card Line of Credit or VISA Debit Card Line of Credit for you and have 
notified you of its amount when we issued the card or on your statement. 
You agree not to let the account balance exceed this approved Credit Line. 
Each payment you make on the account will restore your Credit Line by 
the amount of the payment which is applied to principal. You may request 
an increase in your Credit Line by contacting us, and approval by a loan 
officer.  By  giving  you  written  notice  we  may  reduce  your  Credit  Line 
from time to time, or with good cause, revoke your card and Credit Line. 
Good cause includes your failure to comply with this Agreement, or our 
adverse  reevaluation  of  your  creditworthiness.  You  may  also  terminate 
this Agreement at any time, but termination by either of us does not affect 
your  obligation  to  pay  all  the  amounts  due  plus  FINANCE  CHARGES. 
The card(s) remain our property and you must recover and surrender to us 
all cards upon our request and upon termination of this Agreement, or pay 
necessary recovery costs incurred by us. 

5.  Credit  Information.    You  authorize  us  to  investigate  your  credit 
standing  when  opening,  renewing,  or  reviewing  your  account.  You 
authorize  us  to  disclose  information  regarding  your  account  to  credit 
reporting  agencies  and  creditors  who  inquire  of  us  about  your  credit 
standing. 

6.  Monthly  Payment.    We  will  mail  you  a  statement  every  month 
showing your Previous Balance of purchases and cash advances for Credit 
Card  and  withdrawals  for  VISA  Debit  card,  the  current  transactions  on 
your  account,  the  remaining  credit  available  under  your  Credit  Line,  the 
New  Balances  of  purchases  and  VISA  Credit  Card  cash  advances  and 
VISA  Debit  withdrawals,  the  Total  New  Balance,  the  FINANCE 
CHARGE,  any  other  billed  fees,  and  the  Minimum  Payment  required. 
Your  statement  will  show  the  required  payment  you  must  make  for  that 
statement  and  the  date  it  is  due.    By  separate  agreement  you  may 
authorize us to charge the minimum payment automatically to your Share 
Savings  or  Checking  Account  with  us.    You  may  pay  more  frequently, 
pay  more  than  the  Minimum  Payment  or  pay  the  Total  New  Balance  in 
full, and you will reduce the FINANCE CHARGE by so doing. 

a. VISA Credit Card Monthly Payment. Every month you must pay at 
least  the  Minimum  Payment  upon  receipt  of  your  statement.  The 
Minimum Payment will be either (a) 3% of your Total New Balance, or 
$25.00, whichever is greater; or (b) your Total New Balance, if it is less 
than $25.00, plus any portion of the Minimum Payment(s) shown on prior 
statement(s) which remains unpaid.  In addition, if at any time your total 
New  Balance  exceeds  your  Credit  Line,  you  must  immediately  pay  the 
excess  amount.    We  will  apply  your  payments  first  to  the  FINANCE 
CHARGE on both purchases and cash advances, then to any billed fees, 
then to the principal balance of purchases and cash advances. 
b.  VISA Debit Card Monthly Payment.  The Minimum Payment will 
be  either  (a)  3%  of  your  Total  New  Balance,  or  $25.00,  whichever  is 
greater; or (b) your Total New Balance, if it is less than $25.00, plus any 
portion  of  the  Minimum  Payment(s)  shown  on  prior  statement(s)  which 
remains unpaid. In addition, at any time your total New Balance exceeds 
your  Line  of  Credit,  you  must  immediately  pay  the  excess  amount.  We 
will  apply  your  payments  first  to  the  FINANCE  CHARGE  on  both 
purchases  and  withdrawals,  then  to  any  billed  fees,  then  to  the  principal 
balance of purchases and withdrawals. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7. Finance Charges. 
a. VISA Credit Card.  You can avoid FINANCE CHARGES on 
purchases  by  paying  the  statement  balance  in  full  each  month 
within 25 days of the statement closing date.  If you pay part of the 
purchases included in the statement balance within 25 days of the 
statement closing date, FINANCE CHARGES will not apply to the 
amount  paid.  However,  cash  advance  fees  may  still  apply.    If  the 
payment  due  date  falls  on  a  non-business  day,  payment  must  be 
received by the last business day prior to the due date. 
     You  may  be  subject  to  a  fixed  rate  or  variable  rate  of  interest.  
The  applicable  rate  will  be  disclosed  to  you  on  your  Disclosure 
Statement  and  monthly  statements.    Interest  is  calculated  by 
multiplying  the  applicable  daily  interest  rate  times  the  average 
daily  balance  of  purchases  and  cash  advances.    The  daily  interest 
rate  is  calculated  by  dividing  the  applicable  rate  by  365.    The 
principal balances of purchases and cash advances are determined 
each date during the statement period beginning with the principal 
portion of your Previous Balances, reduced by payments you make 
and  credits  we  apply,  and  increased  by  purchases  and  cash 
advances  you  make  and  debit  adjustments  we  make  during  the 
statement  period.    The  daily  principal  balances  are  totaled  and 
divided  by  the  number  of  days  in  the  statement  period.    This 
produces  separate  average  daily  principal  balances  for  purchases 
and cash advances to which the daily periodic rate is applied.  The 
variable rate is the Wall Street Journal Prime Rate published on the 
last  day  of  the  month  plus  a  margin.    The  margin  for  the  VISA 
Platinum and VISA Platinum Plus is based on your credit risk and 
will  be  disclosed  to  you  on  your  Disclosure  Statement.    The 
maximum variable ANNUAL PERCENTAGE RATE is the highest 
legal  rate.    The  maximum  increase  or  decrease  your  rate  can 
change per calendar year is 3.0%. 
b  Business  Visa  Platinum  Card.  You  can  avoid  FINANCE 
CHARGES  on  purchases  and  cash  advances  by  paying  the 
statement  balance  in  full  each  month  within  25  days  of  the 
statement  closing  date.  If  the  payment  due  date  falls  on  a  non-
business  day,  payment  must  be  received  by  the  last  business  day 
prior  to  the  due  date.  Otherwise,  FINANCE  CHARGES  will  be 
accessed beginning from the previous month’s transaction posting 
date, through the current month’s statement closing date.   
  A cash advance fee of 1½% of the cash advance will be charged 
to your account for each cash advance.  This cash advance fee also 
applies  to  withdrawals  made  from  your  VISA  account  through 
automatic teller machines and other means. 
  Your  variable  rate  interest  is  calculated  by  multiplying  the 
applicable  variable  daily  rate  times  the  average  daily  balance  of 
purchases  and  cash  advances.    The  variable  rate  is  Wall  Street 
Journal  Prime  Rate  published  on  the  last  day  of  the  month  plus  a 
margin.  The margin for the Business Visa Platinum Card is as low 
as  6%.    The  daily  rate  is  calculated  by  dividing  the  applicable 
variable rate by 365. The principal balances of purchases and cash 
advances  are  determined  each  day  during  the  statement  period, 
beginning  with  the  principal  portion  of  your  Previous  Balances, 
reduced by payments you make and credits we apply, and increased 
by  purchases  and  cash  advances  you  make  and  debit  adjustments 
we make during the statement period. The daily principal balances 
are  totaled,  and  divided  by  the  number  of  days  in  the  statement 
period,  to  produce  separate  average  daily  principal  balances  for 
purchases  and  cash  advances  to  which  the  periodic  rate  is  then 
applied. 
c. VISA Debit card. Your interest is calculated by multiplying the 
applicable  daily  rate  times  the  average  daily  balance  of  purchases 
and withdrawals. The fixed rate is as low as 12.90%. The daily rate 

is  calculated  by  dividing  the  applicable  rate  by  365.  The  principal 
balances  of  purchases  and  withdrawals  are  determined  each  day  during 
the  statement  period,  beginning  with  the  principal  portion  of  your 
Previous Balances, reduced by payments you make and credits we apply, 
and  increased  by  purchases  and  withdrawals  you  make  and  debit 
adjustments we make during the statement period 

8.  Default.    You  will  be  in  default  if  you  fail  to  make  any  Minimum 
Payment within 10 days after your statement due date.  You will also be 
in default if your ability to repay us is materially reduced, you are a debtor 
in  a  bankruptcy  or  insolvency  proceedings,  you  pass  away,  you  fail  to 
abide by this Agreement or if the value of our security interest materially 
declines.   We have  the right  to  demand  immediate  payment  of  your  full 
account balance if you default.  To the extent permitted by law, you will 
also be required to pay our collection expenses, including court costs and 
reasonable attorneys’ fees. 

9.  Using  the  Card.    To  make  a  purchase  or  cash  advance,  there  are 
several  methods  for  use  of  the  card.    You  may  present  the  card  to  a 
participating  VISA  plan  merchant,  to  us,  or  to  another  financial 
institution.  You  may  complete  the  transaction  by  using  your  Personal 
Identification Number (PIN) in conjunction with the card in an Automated 
Teller Machine or other type of electronic terminal that provides access to 
the  VISA  system.  You  may  provide  your  VISA  card  information  to 
merchants either by phone or by mail. The monthly statement will identify 
the  merchant,  electronic  terminal,  or  financial  institution  at  which 
transactions  were  made,  but  sales,  cash  advance,  credit  or  other  slips 
cannot  be  returned  with  the  statement.  The  Credit  Union  may  make  a 
reasonable charge for photo copies of documents you request. 

10. Returns and Adjustments. 
  a.  VISA  Platinum  Credit Card,  VISA Platinum  Plus  Credit  Card, 
Business  Platinum  Credit  Card.    Merchants  and  others  who  honor  the 
Card  may  give  credit  for  returns  or  adjustments,  and  they  will  do  so  by 
sending  us  a  credit  slip  which  we  will  post  to  your  account.    If  your 
credits and payments exceed what you owe us, we will hold and apply this 
credit balance against future purchases and cash advances, or if it is $1.00 
or more, refund it upon your written request. 
  b. VISA Debit card.  Merchants and others who honor the Card may 
give credit for returns or adjustments, and they will do so by sending us a 
credit slip which we will post to your Checking Account. 

11. Foreign Transactions.  Purchases and cash advances made in foreign 
countries and foreign currencies will be billed to you in U.S. Dollars.  The 
conversion rate will be made in accordance with the operating regulations 
for  international  transactions  established  by  VISA  International,  Inc.  
VISA has the right to assess a Foreign Conversion Fee.  This fee could be 
up to 1.5% of the transaction amount  

12. Plan Merchant Disputes.  We are not responsible for the refusal of 
any  plan  merchant  or  financial  institution  to  honor  your  card.    We  are 
subject to claims and defenses (other than tort claims) arising out of goods 
and  services  you  purchase  with  the  card  only  if  you  have  made  a  good 
faith  attempt,  but  have  been  unable  to  obtain  satisfaction  from  the  plan 
merchant,  and:  (a)  your  purchase  was  made  in  response  to  an 
advertisement we sent or participated in sending you; or (b) your purchase 
cost more than $50.00 and was made from a plan merchant in your state 
or within 100 miles of your home.  Any other disputes you must resolve 
directly with the plan merchant. 
13. Cross Collateral Agreement.  You hereby pledge as security for the 
Line  of  Credit,  any  collateral  that  you  have  pledged  as  security  on  any 
other existing loan or advance at the credit union or which you will pledge 

 
 
 
 
 
as  security  in  the  future.    Understand  that  this  is  referred  to  as  a 
cross collateral agreement, and that you knowingly and voluntarily 
grant the credit union the foregoing described security interests. 

14.    Lien  and  Right  to  Setoff.    You  hereby  grant  us  a  lien  and 
right  to  setoff  on  all  shares  and  accumulated  dividends  in  any 
individual,  joint,  multiple  party,  or  transaction  accounts.    The 
Credit  Union  shall  have  a  statutory  lien  and  right  of  setoff  in  all 
shares and accumulated dividends in all individual, joint, multiple 
party, or transaction accounts in which any of you has any interest. 
We  may  exercise  our  lien  rights  without  notice.    The  lien  hereby 
created shall be a lien on the future amount in any accounts and is a 
possessor lien.   

15.  Effect  of  Agreement.    This  Agreement  is  the  contract  which 
applies  to  all  transactions  on  your  account  even  though  the  sales, 
cash advance, credit or other slips you sign or receive may contain 
different terms.  We may amend this Agreement from time to time 
by sending you the advance written notice as required by law.  To 
the  extent  the  law  permits,  and  we  indicate  in  our  notice, 
amendments will apply to your existing account balance as well as 
to future transactions. 

16.  Annual  Fee.    No  annual  fees  are  charged  for  VISA Credit  or 
Debit cards.  

17.  Over  Limit/Overdrawn  Charge  and  Inactive  Account  Fee.  
An  over  the  limit  fee  of  $20.00  will  be  assessed  against  your 
account on any purchase or cash advance that exceeds your credit 
limit. An inactive account fee of $30.00 will be assessed annually 
in  December.  Your  account  is  inactive  if  no  purchases,  cash 
advances,  balance  transfers  or  payments  are  made  for  a  period  of 
12 months. 

18. Late Charge.  A late charge of $20.00 shall be charged on any 
payment or partial payment not made within 10 days after its due 
date. 

19.  Final  Expression.    This  agreement  is  the  final  expression  of 
the terms of this Card and Account between Cyprus Credit Union 
and  the  member(s)/borrower(s)/  user(s);  this  written  Agreement 
may not be contradicted by evidence of any alleged oral agreement. 

20. Illegal Transaction. Cards cannot be used for online gambling 
or any other illegal activity.  The card issuer cannot be held liable 
for these transactions. 

21.  Your Billing Rights. 
  The following is important information about your rights and our 
responsibilities under the Fair Credit Billing Act. 

Notify  Us  in  Case  of  Errors  or  Questions  About  Your  Bill.    If 
you think your bill is wrong, or if you need more information about 
a  transaction  on  your  bill,  write  us  on  a  separate  sheet  at  the 
address  listed  on  your  bill.    Write  to  us  as  soon  as  possible,  We 
must hear from you no later than 60 days after we sent you the first 
bill on which the error or problem appeared.  You can telephone us, 
but doing so will not preserve your rights.  In your letter give us the 
following information: 
•  Your name and account number. 
•  The dollar amount of the suspected error. 

•  Describe the error and explain, if you can, why you believe there is an 
error.  
  If you need more information, describe the item you are not sure about. 
  If you have authorized us to pay your credit card bill automatically from 
your share savings or checking account, you can stop the payment on any 
amount you think is wrong.  To stop the payment your letter must reach 
us  three  business  days  before  the  automatic  payment  is  scheduled  to 
occur. 

Your  Rights  and  Our  Responsibilities  After  We  Receive  Your 
Written Notice.  We must acknowledge your letter within 30 days, unless 
we  have  corrected  the  error  by  then.    Within  90  days,  we  must  either 
correct the error or explain why we believe the bill was correct. 
  After  we  receive  your  letter,  we  cannot  try  to  collect  any  amount  you 
question, or report you as delinquent. We can continue to bill you for the 
amount  you  question,  including  finance  charges,  and  we  can  apply  an 
unpaid  amount  against  your  credit  limit.    You  do  not  have  to  pay  any 
questioned amount while we are investigating, but you are still obligated 
to pay the parts of your bill that are not in question. 
  If we find that we made a mistake on your bill, you will not have to pay 
any finance charges related to any questioned amount. If we didn’t make a 
mistake, you may have to pay finance charges, and you will have to make 
up  any  missed  payments  on  the  questioned  amount.    In  either  case,  we 
will  send  you  a  statement  of  the  amount  you  owe  and  the  date  that  it  is 
due. 
  If you fail to pay the amount that we think you owe, we may report you 
as delinquent.  However, if our explanation does not satisfy you and you 
write to us within ten days telling us that you still refuse to pay, we must 
tell  anyone  we  report  you  to  that  you  have  a  question  about  your  bill.  
And, we must tell you the name of anyone we reported you to.  We must 
tell anyone we report you to that the matter has been settled between us 
when it finally is. 
  If  we  don’t  follow  these  rules,  we  can’t  collect  the  first  $50.00  of  the 
questioned amount, even if your bill was correct. 

Special  Rule  for  Credit  Card  Purchases.    If  you  have  a  problem  with 
the quality of property or services that you purchased with a credit card, 
and you have tried in good faith to correct the problem with the merchant, 
you  may  have  the  right  not  to  pay  the  remaining  amount  due  on  the 
property  or  services.    There  are  two  limitations  on  this  right:    (a)  You 
must  have  made  the  purchase  in  your  home  state,  or  if  not  within  your 
home state, within 100 miles of your current mailing address; and (b) The 
purchase price must have been more than $50.00. 
     These limitations do not apply if we own or operate the merchant, or if 
we mailed you the advertisement for the property or services. 

22.  VISA Platinum Plus Credit Card ScoreCard Benefits.  The Credit 
Union  reserves  the  right  to  make  changes  to  the  VISA  Platinum  credit 
card ScoreCard benefits. 

23.      Copy  received.    You  acknowledge  receipt  of  a  copy  of  this 
agreement.  

24. Shares Secured. If this is a share secured VISA account, all amounts 
in any accounts at the Credit Union are pledged and assigned as security 
for any amounts owed. A specific amount may be held as security and 
cannot be withdrawn. In the event of default, the Credit Union may apply 
any amounts in any accounts you are associated with, without notice or 
legal process to the entire unpaid account balance, costs, fees and other 
amounts due.