Oregon State
CREDIT CARD AGREEMENT
Credit Union
PO Box 306, Corvallis, OR 97339-0306
800-732-0173 oregonstatecu.com
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 OREGON STATE CREDIT UNION OR ITS SUCCESSORS. BY USING YOUR
CARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH THEREIN.
Others Using Your Account. If you allow anyone else to use your account,
THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR
you will be liable for all credit extended to such persons. You promise to pay
THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT.
for all purchases and advances made by anyone you authorize to use your
YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITY
your account, whether or not you notify us that he or she will be using it. If
INTEREST IN ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE
someone else is authorized to use your account and you want to end that
WITH US NOW AND IN THE FUTURE TO SECURE REPAYMENT OF
person's privilege, you must notify us in writing, and if he or she has a Card,
CREDIT EXTENDED UNDER THIS AGREEMENT. YOU ALSO AGREE
you must return that Card with your written notice for it to be effective.
THAT WE HAVE SIMILAR STATUTORY LIEN RIGHTS UNDER STATE
AND/OR FEDERAL LAW. IF YOU ARE IN DEFAULT, WE CAN APPLY
Ownership of Card. Your Card remains our property and may be cancelled
YOUR SHARES TO THE AMOUNT YOU OWE.
by us at any time without notice. You agree to surrender your Card and to
Shares and deposits in an Individual Retirement Account or any other
discontinue use of the account immediately upon our request.
account that would lose special tax treatment under state or federal law if
Interest Charges. You agree to pay interest at the rate(s) disclosed to you at
given are not subject to this security interest.
the time in accordance with applicable law. Average Daily Balance
If you have other loans with us, collateral securing such loans will also
including new transactions: Interest Charges will accrue on your average
secure your obligations under this Agreement, unless that other collateral
daily balance outstanding during the month. To get the average daily balance,
is your principal residence or non-purchase money household goods.
we take the beginning balance each day, add any new purchases, cash
advances, balance transfers or other advances, and subtract any payments,
Acceptance of Card. If you sign an application for the Oregon State
unpaid interest charges, and unpaid late charges. This gives us the daily
Credit Union Visa credit card, or sign or use any card(s) issued, or use
balance. Then, we add up all the daily balances for the billing cycle and divide
or allow others to use your Account, you and they will have accepted
that by the number of days in the billing cycle. We then multiply that by the
this Agreement just as if you and they signed it and you and they, jointly
periodic rate corresponding to the Annual Percentage Rate on your account.
and severally, will be bound by the terms and conditions.
If you have different rates for purchases, cash advances or balance transfers,
separate average daily balances for each will be calculated and the
Using Your Card. You can purchase or lease goods and services from any
appropriate periodic rate is then applied to each.
merchant who honors your Card, and you may obtain cash advances from
financial institutions and ATMs that accept the Card. You may withdraw up to
Grace Period on Purchases Only: You can avoid Interest Charges on
$2,500 per day by cash advance and up to $500 per day by ATM. You agree
purchases by paying the full amount of the new balance for purchases each
not to present your Card for any extension of credit in excess of your available
month by the date on which the payment is due. Otherwise, the new balance
credit limit. Transactions that would exceed your credit limit will not be
of your account, and subsequent advances from the date they are posted to
honored. Certain purchases and cash advances require authorization prior to
the account, will be subject to an Interest Charge. You cannot avoid Interest
completion of the transaction. In some cases, you may be asked to provide
Charges on cash advances and balance transfers; even if you pay the entire
identification. If our system is not working, we may not be able to authorize a
cash advance balance or balance transfer balance by the payment due date,
transaction, even though you have sufficient credit available. For security
you will incur the Interest Charges accrued from the date the cash advance or
reasons, we reserve the right to block the use of your Card in certain
balance transfer is posted to your account.
countries or geographic areas, place a daily purchase limit on your Card and/
or place transaction limitations based on the transaction type. We will have
Fees. In addition to the Interest Charges set forth above, you agree to also
no liability to you or others if any of these events occur.
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
Personal Identification Number (PIN). We may issue a Personal
time), or as disclosed to you during the term of your Card.
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
If Your Card is Lost or Stolen or if an Unauthorized Use Occurs. You
to access your account, and all sums advanced will be added to your account
agree to notify us immediately if your Card is ever lost or stolen or if an
balance. In the event a use of your PIN constitutes an Electronic Funds
unauthorized use may have occurred. "Unauthorized use" means the use of
Transfer, the terms and conditions of your Electronic Funds Transfer
the Card by someone other than you who does not have actual, implied or
Agreement may affect your rights.
apparent authority for such use, and from which you receive no benefit. The
telephone number to call is (541) 714-4000. You agree to follow up your call
Promise To Pay. You promise to pay us in U.S. dollars for (a) all purchases,
with notice in writing to us at: Oregon State Credit Union, PO Box 306,
cash advances, and balance transfers made by you or anyone whom you
Corvallis, OR 97339-0306. You also agree to assist us in determining the
authorize to use the Card; (b) all Interest Charges and all other charges or
facts, circumstances and other pertinent information relating to any loss, theft
fees; (c) collection costs and attorney's fees as permitted by applicable law,
or possible unauthorized use of your Card and comply with such procedures
and any costs incurred in the recovery of the Card; and (d) credit in excess of
as we may require in connection with our investigation. You will be liable for
your credit limit that we may extend to you.
any unauthorized use only if we can prove that you were negligent in your use
or handling of your Card, or if we can prove that you used your Card
Illegal Transactions. You agree that your Card and account will not be used
fraudulently.
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
Minimum Payment Due; Crediting of Payments. Payments are due in the
Agreement. We may decline any transaction that we believe to be illegal
amount and on the date disclosed on your billing statement. Payments
under applicable law, including but not limited to any transaction involving
or
received at: PO Box 306, Corvallis, OR 97339-0306 at or before 5:00 PM
relating to any gambling activity. You agree that we will have no liability or
Pacific Time on the date the payment is due will be credited to your Account
responsibility for any such use by you or any authorized user(s); or for
as of that date; payments received by mail at that address after 5:00 PM
declining any such transaction. You further agree to indemnify and hold us
Pacific Time, on a weekend or federal holiday will be posted to your Account
harmless from any suits, liability, damages or adverse action of any kind that
as of the next business day. If payment is made at any location other than the
results directly or indirectly from such illegal use. You promise to pay us any
address designated on the periodic statement, credit for such payment may
and all amounts owing on your Card for any transactions made by you, even
be delayed up to five (5) days. You agree that you will pay each month not
if the transaction is determined to be illegal.
less than the minimum monthly payment on or before the scheduled monthly
due date. The minimum payment is disclosed on the Truth-in- Lending
Joint Accounts. Each of you will be responsible, jointly and severally, for the
Statement and may change from time to time upon notice to you in
repayment of amounts owed, regardless of who initiated any transaction
accordance with applicable law. You may pay in full for all your purchases
under the account.
9011 LASER FIS FI15931 Rev 1-2020
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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
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 OREGON STATE CREDIT UNION OR ITS SUCCESSORS. BY USING YOUR
CARD, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS SET FORTH THEREIN.
and cash advances each month, or you may repay in monthly installments.
Termination; Change-in-Terms. We may, by written notice, terminate this
The minimum payment may be allocated at the Credit Union's discretion to
Agreement at any time, subject to applicable law. You may terminate this
pay off lower rate balances, such as promotional offers, before higher rate
Agreement by written notice. Termination by either party shall not affect your
balances, such as cash advances or purchases. Payments in excess of the
obligation to repay any balance on your account resulting from use of the
minimum payment will be allocated first to higher rate balances, as applicable.
Card as well as Interest Charges and fees incurred. We may change the
From time to time, we may allow you to skip your minimum monthly payment
terms of this Agreement, including the method of calculating the periodic rate,
due. If you choose to skip that payment, Interest Charges will continue to
at any time, by written notice, subject to applicable law. Use of the Card
accrue in accordance with this Agreement. If you pay in excess of the total
constitutes agreement and acceptance of any change in terms, unless
outstanding balance on your card, the excess will be transferred back to the
applicable law requires otherwise. Our failure to exercise any of our rights or
source from which the funds came from rather than showing a credit to your
to take any action shall not constitute a waiver of those rights, or an
account.
amendment or change in any of the terms of this Agreement.
Default; Acceleration; Credit Suspension; Collection Costs. You will be in
Late or Partial Payments. Any payment that delays the reduction of your
default if: (1) you fail to make any payment on time; (2) if you fail to keep any
balance will increase your total interest costs. Partial payments or
promises you have made under this Agreement or under other Agreements
prepayments will not delay your next scheduled payment you will still need
you have with us; (3) if you die; (4) if you file a petition in bankruptcy or have
to make the minimum scheduled payment by the next scheduled due date to
a bankruptcy petition filed against you, or if you become involved in any
keep your account current. We may accept late payments, partial payments,
insolvency, receivership or custodial proceeding; (5) if anyone attempts to
checks or money orders marked "payment in full" and such action shall not
take any of your funds held by us via legal process or if you have a judgment
constitute final settlement of your account or a waiver or forgiveness of any
or tax lien filed against you; (6) if you make any false, inaccurate, or
amounts owing under this Agreement.
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
Enforcement. We do not lose our rights under this or any related agreement if
impaired, or that you are unwilling to make your payments.
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
If you are in default, we have the right to demand immediate payment of your
force and effect.
full account balance without giving you notice. If immediate payment is
demanded, you agree to continue paying interest charges and fees until what
Returns and Adjustments. Merchants and others who honor the Card may
you owe has been paid, and any shares that were given as security for your
give credit for returns or adjustments, and they will do so by submitting a
account may be applied towards what you owe. You agree to pay all
credit slip which will be posted to your account. If your credits and payments
reasonable costs of collection, including court costs and attorney's fees, and
exceed what you owe us, the amount will be applied against future purchases
any costs incurred in the recovery of the Card, subject to applicable law. Even
and cash advances. If the credit balance amount is $1 or more, it will be
if your unpaid balance is less than your credit limit, you will have no credit
refunded upon your written or verbal request.
available during any time that any aspect of your account is in default.
Plan Merchant Disputes. We are not responsible for the refusal of any plan
Suspension of Electronic Services and Access to Share or Deposit
merchant or financial institution to honor your Card. Also, we are not
Accounts. Subject to applicable law, we may suspend some or all electronic
responsible for goods or services that you purchase with the Card unless: (a)
services and access to your checking or other account(s) if you become
your purchase was made in response to an advertisement we sent or
delinquent on any of your loan or deposit obligations to us or you cause a loss
participated in sending you; or (b) your purchase cost more than $50 and was
to us. We shall not be liable to you in any regard in connection with such
made from a plan merchant in your state or within 100 miles of your home;
suspension of services.
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
Additional Benefits/Card Enhancements. We may from time to time offer
disputes directly with the plan merchant. We do not warrant any merchandise
additional services to your Account at no additional cost to you. You
or services purchased by you with the Card.
understand that we are not obligated to offer such services and may withdraw
or change them at any time.
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
Convenience Checks. We may, at our discretion, issue checks to you which
such documents via electronic means) you have given us. Notice sent to any
may be used for any purpose other than making a payment for credit to your
one of you will be considered notice to all.
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.
Notification of Address Change. You will notify us promptly if you change
We do not have to pay any item which would cause the outstanding balance
your address for any reason. In order to prevent identity theft, your identity
in your account to exceed your credit limit.
may need to be verified before we act upon the notification.
Credit Information. We may from time to time request personal information
Copy Received. You acknowledge that you have received a copy of this
from you or obtain credit reports from the credit reporting agencies for the
Agreement.
purpose of updating your credit status. Your failure to provide such
Governing Law. This Agreement shall be construed under federal law and
information when requested by us may result in suspension of credit
state law in the state in which we are primarily located, and the venue shall be
privileges under this Agreement, including your ability to obtain any future
located in the county and state in which we are primarily located. Operating
advances by any means. You authorize us to investigate your credit standing
regulations of Visa may also apply. This Agreement is the contract that
when opening or reviewing your account. You authorize us to disclose
applies to all transactions even though the sales, cash advance, convenience
information regarding your account to credit bureau and creditors who inquire
check, credit or other slips you sign or receive may contain different terms.
about your credit standing.
NOTICE TO UTAH BORROWERS: This written agreement is a final
Foreign Transactions; Currency Conversion. Purchases and cash
expression of the agreement between you and the Credit Union. This written
advances made in foreign currencies will be billed to you in U.S. dollars. The
agreement may not be contradicted by evidence of any oral agreement.
conversion rate in dollars will be a rate selected by the card company from a
range of rates available in wholesale currency markets for the applicable
central processing date, which rate may vary from the rate the card company
itself receives, or the government-mandated rate in effect for the applicable
central processing date in each instance. All transactions processed outside
of the United States (which may include internet transactions) will be charged
a foreign transaction fee in the amount disclosed on your Truth-in-
Statement (as amended from time to time).
9011 LASER FIS FI15931 Rev 1-2020
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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.
IMPORTANT DISCLOSURES FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS:
The following applies if at the time this loan is made you are an active member of the military or a dependent (as those terms are defined in the Military
Lending Act (MLA), 10 U.S.C. 987 and its implementing regulations ("MLA")), and (a) your loan is unsecured or secured by personal property or a vehicle
that you did not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan. If this loan is a revolving
line of credit or credit card, the MLA ceases to apply at any time during which you are not a member of the military or a dependent (as defined in the MLA).
1. NOTICE: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit.
In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36
percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums or debt protection
fees; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for
specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receive
this notice verbally, please call 1-800-732-0173 during our normal business hours: 8:30 a.m. to 5:30 p.m., Monday through Friday.
2. This loan will not be secured by a consensual lien on shares or deposits in any of your accounts unless you agree to establish an account in connection
with this loan ("Secured Account"). Only funds deposited into the Secured Account after the loan is made will secure this loan. Any cross-collateralization
provision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subject
to the Military Lending Act.
However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply the
sums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.
3. Any reference in this consumer credit contract to the following are hereby inapplicable to your loan: (a) Mandatory arbitration; (b) Any requirement(s) to
waive your rights to legal recourse under any applicable state or federal law; (c) Any demands or requirements construed as unreasonable notice from
you in order to exercise your legal rights; or (d) Prepayment penalties.
4. Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory to
these disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other terms
and conditions of the consumer credit contract shall remain in full force and effect.
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
This notice tells you about your rights and our responsibilities under the
After we finish our investigation, one of two things will happen:
Fair Credit Billing Act.
If we made a mistake: You will not have to pay the amount in question or
What To Do If You Find A Mistake On Your Statement
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
If you think there is an error on your statement, write to us at the address(es)
in question, along with applicable interest and fees. We will send you a
listed on your statement.
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
In your letter, give us the following information:
owe.
1. Your name and account number.
2. The dollar amount of the suspected error.
If you receive our explanation but still believe your bill is wrong, you must
3. If you think there is an error on your bill, describe what you believe
write to us within 10 days telling us that you still refuse to pay. If you do so,
is wrong and why you believe it is a mistake.
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
You must contact us:
reported you as delinquent, and we must let those organizations know when
Within 60 days after the error appeared on your statement.
the matter has been settled between us.
At least 3 business days before an automated payment is scheduled, if
you want to stop payment on the amount you think is wrong.
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.
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
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
to pay the amount in question.
If you are dissatisfied with the goods or services that you have purchased with
What Will Happen After We Receive Your Letter
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
When we receive your letter, we must do two things:
the purchase.
1. 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.
To use this right, all of the following must be true:
2. Within 90 days of receiving your letter, we must either correct the error
1. The purchase must have been made in your home state or within 100
or explain to you why we believe the bill is correct.
miles of your current mailing address, and the purchase price must have
been more than $50. (Note: Neither of these are necessary if your
While we investigate whether or not there has been an error:
purchase was based on an advertisement we mailed to you, or if we
We cannot try to collect the amount in question, or report you as
own the company that sold you the goods or services.)
delinquent on that amount.
2. You must have used your credit card for the purchase. Purchases made
The charge in question may remain on your statement, and we may
with cash advances from an ATM or with a check that accesses your
continue to charge you interest on that amount.
credit card account do not qualify.
While you do not have to pay the amount in question, you are responsible
3. You must not yet have fully paid for the purchase.
for the remainder of your balance.
If all of the criteria above are met and you are still dissatisfied with the
We can apply any unpaid amount against your credit limit.
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.
9011 LASER FIS FI15931 Rev 1-2020
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COPYRIGHT 2009 Securian Financial Group, Inc. All rights reserved.