VISA® Classic Line of Credit Agreement and Disclosure
M-108002
Interest Rates and Interest Charges
Annual Percentage Rate
12.9% APR*
(APR) for Purchases &
Balance Transfers
Paying Interest
We will begin charging interest on Cash Advances and Balance Transfers
on the date of the transaction.
Your due date is at least 25 days after the close of each billing cycle.
We will not charge you any interest on purchases if you pay your entire
balance by the due date each month.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $0.50 per month.
For Credit Card Tips from the To learn more about factors to consider when applying for or using a
Consumer Financial
credit card, visit the website of the Consumer Financial Protection Bureau
Protection Bureau
at http://www.consumerfinancial.gov/learnmore.
Fees
Set-up and Maintenance Fees
• Annual Fee
• Account Set-up Fee
• Participation Fee
• Additional Card Fee
Transaction Fees
• Balance Transfer
• Cash Advance
• Foreign Transaction
ANNUAL PERCENTAGE
None
None
None
None
VISA®® Line
Credit Agreement and Disclosure
Noneof
VISA
of
Credit
Agreement
and
VISA® Line
Line
of
Credit
Agreement
and Disclosure
Disclosure
2% of the
Transaction
Amount
® None - Conversion Rate
VISA Line
of Credit
Agreement and
Disclosure
GRACE
METHOD OF COMPUTING
ANNUAL
MINIMUM FINANCE
TRANSACTION FEES
GRACE
METHOD
COMPUTING
ANNUAL
MINIMUM
FINANCE
TRANSACTION
FEES
PERIOD
THEOF
BALANCE
FEE
CHARGE
FOR PURCHASES
GRACE
METHOD
OF
COMPUTING
ANNUAL
MINIMUM
FINANCE
TRANSACTION
FEES
PERIOD
FEE
CHARGE
FOR PURCHASES
Purchases:
Average THE
DailyBALANCE
Balance Method
NONE
PERIOD
THE
BALANCE
FEE
CHARGE
FOR PURCHASES
Purchases:
DailyOFBalance
Method
NONE
25
days Cash Average
(including
current
GRACE
METHOD
COMPUTING
ANNUAL
MINIMUM
FINANCE
TRANSACTION FEES
$0.50
Purchases:
Average
Daily Balance
Method
NONE
NONE
25
days Cash
(including
current
Advances
and
transactions)
PERIOD
THE
BALANCE
FEE
CHARGE
FOR PURCHASES
$0.50
per
month
25
days
Cash
(including
current
NONE
$0.50
Advances
and
transactions)
VISA
Checks:
per
month
Purchases:
Average
Daily
Balance
Method
NONE
NONE
Advances
and
transactions)
per month
VISANone
Checks:
25
days
Cash
(including
current
VISANone
Checks:
$0.50
NONE
the FINANCE CHARGE is the FINANCE CHARGE is Advances
transactions)
None and
per month
1.075%
per month)
1.4%
per
Checks:
*APR
= Annual
Percentage
All month)
loans
subject
credit
approval
andmay
may
Rates
are subject
The
information
appearing
on thisRate.
agreement
is accurate
as VISA
ofto09/10.
This
information
haverequire
changedincome
after thatverification.
date. To find out
whatand
may terms
have changed,
call ustoat change.
952-930None This
Balance
transfers
made
filling
out
Transfer
Formmay
or have
calling
a SharePoint
Credit
Union
Representative.
The
information
onbethis
agreement
is accurate
as ofBalance
09/10.
information
changed
after that date.
To find
out what
may have changed, call us at 952-930952-930-0700
orappearing
writemust
us P.O.
Box
4280,byHopkins,
Mn the
55343.
The
information
appearing
on this
agreement
is accurate
as of 09/10. This information may have changed after that date. To find out what may have changed, call us at 952-930Offer
cannotorbe
combined
with
anyHopkins,
other
promotion.
952-930-0700
write
us P.O.
Box
4280,
Mn 55343.
The
Purpose oforthis
agreement
is to4280,
establish
the terms
and conditions of a line - of - credit.
952-930-0700
write
us P.O. Box
Hopkins,
Mn 55343.
Purpose of this
agreement
is to
establishisisthe
terms and
a lineinformation
- of -may
credit.
The information
agreement
accurate
as of
ofconditions
8/15 /2011.
This
may changed
have changed
afterdate.
that To
date.
findwhat
out may
whathave
may changed,
have changed,
us at
appearing
on this
agreement
accurate
as
09/10.
Thisofinformation
have
after that
findToout
call uscall
at 952-930The Purpose of this agreement is to establish the terms and conditions of a line - of - credit.
952-930-0700 or write us P.O. Box 4280, Hopkins,
Hopkins, Mn
MN 55343.
In this agreement the words “I”, “my”, “you” or “your” mean each person who applies for a VISA Credit Card or who uses the credit card or duplicates of said card. “We”, “us”
The Purpose of this agreement is to establish the terms and conditions of a line - of - credit.
In this
agreement
words “I”,CREDIT
“my”, “you”
“your” mean
each“account”
person who
applies
a VISA
Credit
or whocredit
usesaccount
the credit
card
or duplicates of said card. “We”, “us”
or
“our”
refers to the
SHAREPOINT
UNIONor(SPCU).
The word
means
yourforVISA
credit
cardCard
revolving
with
SPCU.
In
agreement
words “I”,CREDIT
“my”, “you”
“your” mean
each“account”
person who
applies
a VISA
Credit
or whocredit
usesaccount
the credit
card
or duplicates of said card. “We”, “us”
or this
“our”
refers to the
SHAREPOINT
UNIONor(SPCU).
The word
means
yourforVISA
credit
cardCard
revolving
with
SPCU.
1.
Approval
by
SPCU
will
establish
the
following:
or “our” refers to SHAREPOINT CREDIT UNION (SPCU). The word “account” means your VISA credit card revolving credit account with SPCU.
1.
Approval
by
SPCU
will
establish
the
following:
In this agreement
words “I”,
“my”, “you”
ordetermined
“your” mean
who
applies
a VISA
Cardupon
or who
usesutilize
the credit
card VISA
or duplicates
of said card. “We”, “us”
a. Thebythe
credit
approved
shall
be
byeach
SPCUperson
and this
card
creditfor
limit
will Credit
be drawn
as you
an issued
Credit Card.
1. Approval
SPCU limit
will establish
the
following:
or “our” a.
refersThe
to credit
SHAREPOINT
CREDIT
UNION
Theby
word
“account”
means
your
VISA
credit
account
SPCU.
shall
be
determined
SPCU
andand
thisconditions
card credit
be card
drawn
upon
ascredit
you utilize
issued
VISA
Credit Card.
b.
line
of limit
creditapproved
will
be repaid
in(SPCU).
accordance
with
terms
setlimit
forthwill
herein,
andrevolving
in
accordance
with an
thewith
policies
established
by SPCU.
a.
limit
approved
shall be
determined
by SPCU
andand
thisconditions
card creditsetlimit
will be drawn
upon
as you utilize
VISA Credit Card.
b. The
Thebycredit
line
ofremains
credit
will
repaid
accordance
terms
accordance
with an
theissued
policies
1. Approval
c.
This
card
SPCU
will
establish
the be
property
the
following:
ofin SPCU
and willwith
be surrendered
immediately forth
upon herein,
request.and
Theincard
is not transferable
and theestablished
privileges by
maySPCU.
be revoked at
b.
line
ofremains
credit will
repaid ofin SPCU
accordance
terms and conditions
set forth
accordance
with the policies
c. The
This
cardwithout
the be
property
and willwith
be surrendered
immediately
upon herein,
request.and
Theincard
is not transferable
and theestablished
privileges by
maySPCU.
be revoked at
anytime
prior
written
notice.
a.
credit
limit approved
shall be
determined
bybe
SPCU
and this card
credit limit
willrequest.
be drawn
upon
asis you
utilize an issued
VISA
Credit Card.
c. The
This
card
remains
the
property
of
SPCU
and
will
surrendered
immediately
upon
The
card
not
transferable
and
the
privileges
may
be revoked at
anytime
written
notice.
d. The
You
maywithout
notcredit
useprior
your
credit
card
for
any illegalwith
or unlawful
transaction
and
we
mayherein,
declineand
to in
authorize
any transaction
that weestablished
believe poses
an undue risk of
b.
line
of
will
be
repaid
in
accordance
terms
and
conditions
set
forth
accordance
with
the
policies
by
SPCU.
anytime
without
prior
written
notice.
d. You
may
not
use
your
credit
card
for
any
illegal
or
unlawful
transaction
and
we
may
decline
to
authorize
any
transaction
that
we
believe
poses
an
undue risk of
illegality
unlawfulness.
c.
cardor
remains
the credit
property
of for
SPCU
will or
beunlawful
surrendered
immediately
upon
card is not
mayan
beundue
revoked
d. This
You
may
not
use your
card
anyand
illegal
transaction
and we
mayrequest.
decline The
to authorize
anytransferable
transaction and
that the
we privileges
believe poses
riskat of
illegality
or
unlawfulness.
anytime
without
written notice.
2. A FINANCE
CHARGE
willprior
be imposed
on VISA checks and 2% that you obtain through the use of your VISA Credit Card as of the date of each VISA check presentment or
illegality
or unlawfulness.
2. Cash
A FINANCE
willcontinue
be imposed
on VISA
checks
that you
obtain through
usebe
ofimposed
yourtoVISA
Cardtransaction
as of thefor
date
of
VISAposes
check
d. Advance
You CHARGE
mayand
notwill
use
your
credit
card
for
any
illegal
or2%
unlawful
and wethe
may
decline
authorize
any
that
weeach
believe
anpresentment
undue
risk ofor
to accrue
until
date
ofand
repayment.
Atransaction
FINANCE
CHARGE
will
on Credit
the unpaid
balance
Credit
Purchases
from
the statement
2. Cash
A FINANCE
CHARGE
willcontinue
be imposed
on the
balance
Credit
Purchases
from the
statement
dateunpaid
and
made
during
thepresentment
current
billing
VISAunpaid
checks
2%forthat
you
obtain through
ofimposed
yourclosing
VISA
Cardonbalance
asCredit
of thePurchases
date
of each
VISA
check
or
Advance
and
to accrue
datethe
ofand
repayment.
A FINANCE
CHARGE
willuse
on Credit
the
for
Credit
from
the
statement
illegality
oronwill
unlawfulness.
closing
date and
Credit
Purchases
madeuntil
during
current
billing
cycle from
the date
ofbeposting
or each
such Credit
Purchase
to yourPurchases
account and
will
continue
to
cycle
from
the
date
of
posting
or
each
such
Credit
Purchase
to
your
account
and
will
continue
to
accrue
until
the
date
the
account
balance
is
paid
in
full
only
if
the
Newto
Cash
Advance
and
will
continue
to
accrue
until
date
of
repayment.
A
FINANCE
CHARGE
will
be
imposed
on
the
unpaid
balance
for
Credit
Purchases
from
the
statement
closing until
date the
anddate
on Credit
Purchases
madeis during
the
current
billing
cycle
fromindicated
the date on
of posting
or each for
suchtheCredit
Purchase
to yourisaccount
and
will
continue
accrue
the
account
balance
paid
in
full
only
if
the
New
Balance
your
statement
prior
monthly
period
not
paid
in
full
within
25
days
2. closing
A FINANCE
CHARGE
will
imposed for
on
VISAduring
checks
and 2%
that
obtain
through
the use
of your
Credit
Card
as Purchase
of the
date
ofyour
each
VISA
check
presentment
or
Balance
indicated
yourbe
statement
the
prior
monthly
period
isyou
notcycle
paidfrom
in
full
25
days
after
the
statement
closing
date.
Ifperiod
New
Balance
indicated
on your
date
anddate
ononCredit
Purchases
made
the
billing
thewithin
date
of posting
orVISA
each
suchthe
Credit
tothe
will
continue
accrue
until
the
the
account
paid in
fullcurrent
only
ifonthe
New
Balance
indicated
on
your
statement
for
isaccount
not
paidand
in
full within
25 to
days
after
the
statement
closing
date. to
Ifbalance
the
Newisuntil
Balance
indicated
your
statement
for the will
prior
monthly
period
isunpaid
paidprior
inbalance
fullmonthly
within
25
daysPurchases
after
the
statement
closing
date
Cash
Advance
and
will
continue
accrue
date
of
repayment.
A
FINANCE
CHARGE
be
imposed
on
the
for
Credit
from
the
statement
statement
forthe
thedate
prior
period
is paid
in full
within
days
after
the statement
datestatement
no FINANCE
will
be imposed
Credit
Purchases
made
accrue
themonthly
account
isBalance
paid
in indicated
full
only25ifon
theyour
New
Balance
indicated
on your
the prior
monthly
period
isafter
not
paid
in full within
25during
days
after
theuntil
statement
closing
date.
Ifbalance
the on
New
statement
for cycle.
theclosing
prior
monthly
periodfor
is CHARGE
paid
in full
within
25
dayson
the
statement
closing
date
no
FINANCE
CHARGE
will
be
imposed
Credit
Purchases
made
during
that
billing
closing
and onclosing
Credit date.
Purchases
during the
currentonbilling
cycle
fromfor
thethe
date
of posting
each such
Credit
Purchase
to your
will continue
thatFINANCE
billing
cycle.
after
thedate
statement
If the made
NewCredit
Balance
indicated
statement
prior
monthlyorperiod
is paid
in full
within 25
days account
after the and
statement
closing to
date
no
CHARGE
will be imposed
on
Purchases
made your
during
that billing
cycle.
3. no
TheFINANCE
FINANCE
CHARGE
foraccount
a billing
cycle
applying
the
Periodic
Rate
the statement
Average Daily
Balance
your account
(including
accrue
until CHARGE
the
date the
balance
iscomputed
paidPurchases
in fullbyonly
if theduring
NewMonthly
Balance
indicated
ontoyour
for the
prior of
monthly
period is
not paid current
in full within 25 days
will
be
imposed
on isCredit
made
that billing
cycle.
3. after
CHARGE
forAverage
adate.
cycle
is Balance
bythe
theBalance
Monthly
Periodic
the Average
Daily
Balance
ofwithin
your
account
(including
currentand
The
FINANCE
billing
computed
applying
transactions).
To get
the
Balance
we take
Previous
(the
balance
in the
account
the
beginning
of the
billing
cycle),
all new
the statement
closing
IfDaily
the
New
indicated
on your
statement
foroutstanding
the Rate
priortomonthly
period
is paid
inatfull
25 days
after
the statement
closing
date
3. transactions).
The FINANCE CHARGE
for
a
billing
cycle
is
computed
by
applying
the
Monthly
Periodic
Rate
to
the
Average
Daily
Balance
of
your
account
(including
current
To getasthe
Average
Balance
take the
Previous
(the outstanding
balance in
theofaccount
at the
beginning
the billing
cycle),asand
all new
VISAFINANCE
Cash Advances
made
and Daily
if theon
Previous
Balance
was
not during
paidBalance
inthat
full billing
within
the first twenty-five
days
the billing
cycle,
all newofCredit
Purchases
posted
no
CHARGE
will
be imposed
Credit we
Purchases
made
cycle.
transactions).
To getasthemade
Average
Daily
we
take the
Balance
(the outstanding
balance in
theofaccount
at the
beginning
ofCredit
the billing
cycle),asand
all new
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and
wasPrevious
all new
Purchases
VISA
the Balance
Previous
Balance
not paid
in
full within
thethat
firstdate
twenty-five
days
the unpaid
billing
cycle,
date
and subtract
anyifpayments
as received
credits
posted
through
butAverage
excluding
any
FINANCE
CHARGE.
Then
wecurrent
add upposted
all daily
3. through
The FINANCE
CHARGE
for
a billing
cycle
is computed
by and
applying
theasMonthly
Periodic
Rate
to the
yourallaccount
(including
VISA
CashtheAdvances
made
and
the Previous
Balance
wascredits
not paid
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thethat
firstdate
twenty-five
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ofany
theBalance
billing of
cycle,
new
Credit
Purchases
asupposted
anyifdivide
as received
and
as in
through
but
excluding
unpaid
FINANCE
CHARGE.
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we add
all
daily
through
date
andassubtract
payments
posted
balances
for
the
billing
cycle
and
the
total
by
the
number
of
days
in
the
billing
cycle.
This
gives
us
the
Average
Daily
Balance.
The
Periodic
Rate
used
to
compute
transactions).
To and
get the
Average
Balance
we take the
(the outstanding
balance
in the account
at the
beginning
of the Then
billingwecycle),
andallalldaily
new
through
the
subtract
anyDaily
payments
as received
andPrevious
credits
asBalance
posted
that date
excluding
any unpaid
FINANCE
CHARGE.
add
up
fordate
the
cycle
and
divide
the total
by the number
The Periodic
Rate
used
to are
balances
billing
of days
in the through
billing
cycle.
Thisbut
gives
us theisAverage
Daily
Balance.
compute
the
CHARGE
yourand
account
be 1.075%
and
ANNUAL
PERCENTAGE
RATE
12.9%.
Ratescycle,
are accurate
as of April
2005
and
subject
VISAFINANCE
Cashfor
Advances
ason
made
ifdivide
the shall
Previous
Balance
wasthe
notcorresponding
paid
ininfull
within
the
first
twenty-five
days
ofAverage
the billing
all new
Credit
Purchases
as
posted
balances
the
billing
cycle
and
the
total
by
the
number
of
days
the
billing
cycle.
This
gives
us
the
Daily
Balance.
The
Periodic
Rate
used
to
compute
of April 2005 and are subject
the
FINANCE CHARGE on your account shall be 1.075% and the corresponding ANNUAL PERCENTAGE RATE is 12.9%. Rates are accurate
subject toaschange.
to
change.
through
the date
and subtract
payments
and the
credits
as posted through
date but excluding
any unpaid
CHARGE.
addand
up all
thechange.
FINANCE
CHARGE
on your any
account
shall as
be received
1.075% and
corresponding
ANNUALthat
PERCENTAGE
RATE is 12.9%.
RatesFINANCE
are accurate
as ofThen
Aprilwe2005
aredaily
subject
to
minimum
payment
the total
New
Balance
shown
your monthly
billing
if the amount
is $10.00
less. If the
4. The
balance
exceeds
balances
for theperiodic
billing cycle
andrequired
divide theis total
by the
number
of as
days
in theonbilling
cycle. This
givesstatement
us the Average
Daily Balance.
TheorPeriodic
Ratenew
used
to compute
to
change.
The
minimum
periodic
payment
required
is
the
total
New
Balance
as
shown
on
your
monthly
billing
statement
if
the
amount
is
$10.00
or
less.
4. $10.00
If
the
new
balance
exceeds
the minimum
paymentshall
is 2%beof1.075%
that portion
of the
New BalanceANNUAL
which does
not exceed
youris credit
entire as
portion
of 2005
the New
in
the FINANCE
CHARGE periodic
on your account
and the
corresponding
PERCENTAGE
RATE
12.9%.limit,
Ratesplus
arethe
accurate
of April
andBalance
are subject
The minimum
periodicperiodic
payment required
theof total
New Balance
shown
on your
monthly
billing
statement
if the limit,
amount
$10.00
or less. If the
4. $10.00
newNew
balance
exceeds
minimum
is is
2%past
that
theasNew
which
does
not
exceed
yourany
credit
plusischarge,
the
entire
the
Balance
excess
oftheyour
credit limit, pluspayment
any amount
due,portion
plus anyofcharge
forBalance
exceeding
your
credit
limit
and/or
late payment
or portion
$10.00,ofwhichever
is greater.in
to change.
$10.00
the
minimum
periodic
payment
is
2%
of
that
portion
of
the
New
Balance
which
does
not
exceed
your
credit
limit,
plus
the
entire
portion
of
the
New
Balance
excess
yourrepay
creditany
limit,
plus any amount
past
due, pluswithout
any charge
for exceeding your credit limit and/or any late payment charge, or $10.00, whichever is greater.in
mayof also
outstanding
balance
at any
penalty.
The minimum
periodic
payment
required
is the
totaltime,
New
Balance
as shown
on your your
monthly
billing
if the
$10.00 or
or $10.00,
less. If the
4. You
new balance
exceeds
excess
yourrepay
creditany
limit,
plus any
amount
pluswithout
any charge
for exceeding
credit
limitstatement
and/or any
lateamount
paymentischarge,
whichever
is greater.
You
mayof also
outstanding
balance past
at anydue,
time,
penalty.
5. You
$10.00
agree
tominimum
pay
all any
costs,
periodic
including
payment
reasonable
is 2%atofany
attorney’s
thattime,
portion
feesofand
the
court
New Balance
costs, incurred
which does
by SPCU
not exceed
in trying
your
to collect
credit limit,
any amounts
plus thewhich
entire are
portion
owedofontheyour
Newaccount
Balanceorinin
You
maythe
also
repay
outstanding
balance
without
penalty.
5. enforcing
You
agree
to pay
all and
costs,
including
reasonable
attorney’s
court
incurred
SPCUlimit
in trying
to any
collect
amounts
whichorare
owedwhichever
on your account
or in
excess
of your
the
terms
credit
limit,
conditions
plus any of
amount
this VISA
pastAgreement.
due, plus fees
any and
charge
forcosts,
exceeding
yourbycredit
and/or
lateany
payment
charge,
$10.00,
is greater.
5. You
agree the
to pay
all and
costs,conditions
includingofreasonable
attorney’s fees and court costs, incurred by SPCU in trying to collect any amounts which are owed on your account or in
enforcing
terms
this VISA
Agreement.
You agree
may also
repay
any
outstanding
balance
atproceeds
any
time,ofwithout
penalty. now or hereafter pledged to SPCU to secure payment of other indebtedness with SPCU to the
6. You
that
SPCU
has
the
right
to
apply
the
any
collateral
enforcing the terms and conditions of this VISA Agreement.
6.
You agreeofthat
SPCU
has balance
theincluding
rightintothe
apply
theofproceeds
of fees
anyYour
collateral
orincurred
hereafter
pledged
SPCUobligations
secure any
payment
other
SPCU
to the
5. payment
toyour
pay
unpaid
all costs,
reasonable
event
non-payment.
attorney’s
and primary
court now
costs,
dwelling
will by
not
SPCU
secure
intoyour
trying
toto collect
under
amounts
thisofAgreement
whichindebtedness
areeven
owedif on
thewith
your
credit
account
union
has
or inor
6. payment
You agreeofthat
SPCU
has the rightintothe
apply
theofproceeds
of any collateral now or hereafter pledged to SPCU to secure payment of other indebtedness with SPCU to the
your
unpaid
event
later
enforcing
acquires
the
terms
a mortgage
and balance
conditions
on the dwelling.
of this
VISA non-payment.
Agreement. Your primary dwelling will not secure your obligations under this Agreement even if the credit union has or
payment
of
your
unpaid
balance
in
the
event
of
non-payment.
Your
primary
dwelling
will
not
secure
your
obligations
under
this
Agreement
even
if
the
credit
union
has
or
later acquires a mortgage on the dwelling.
6. You
7.
agree
that
pledge
allhas
paid
the
shares,
right
todeposits
apply the
andproceeds
payments
of thereon,
any collateral
whichnow
you or
now
hereafter
have orpledged
hereafterto may
SPCUhave
to secure
in the credit
payment
union
of other
to theindebtedness
extent of all with
your SPCU
unpaid
to the
laterhereby
acquires
aSPCU
mortgage
on
the dwelling.
7. balances
You
hereby
pledge
allInpaid
shares,
and
payments
thereon,
which
you
now
ornothereafter
may
have
in the
credit
to the extent
unpaid
payment
of
dueyour
SPCU.
unpaid
case
balance
of default
in deposits
theyou
event
authorize
of non-payment.
SPCU to
apply
Youror
primary
impress
dwelling
a lienhave
on
willany
and
secure
all ofyour
yourobligations
shares,
deposits
under union
and
this Agreement
payments
toeven
theofextent
ifall
theyour
credit
of any
union
and allhas or
7. You
hereby
allInpaid
shares,
deposits
and payments
thereon,
which
you now
or hereafter
have
in the
credit union
to the extent
all your
unpaid
balances
duepledge
caseon
ofthe
default
you authorize
SPCU to
apply
or
impress
lienhave
on balances
any
and all
ofmay
youror
shares,
deposits
payments
to SPCU.
theofextent
any
andand
all
later acquires
amount
due
onSPCU.
a your
mortgage
account,
and
dwelling.
to apply
such amounts
the
payment
of thea unpaid
whether
not repayment
isand
accelerated
by
IRA of
accounts
balances
dueonSPCU.
case of and
default
you authorize
SPCU to
to the
apply
or impress
lien on balances
any and all
of yourorshares,
deposits isand
payments by
to SPCU.
the extent
any andand
all
amount
due
yourInaccount,
toare
apply
such amounts
payment
of thea unpaid
whether
not repayment
accelerated
IRA of
accounts
qualified
retirement
accounts
excluded.
7. other
You
hereby
pledge
all
paid
shares,
deposits
and
payments
thereon,
which
you
now
have
or
hereafter
may
have
in
the
credit
union
to
the
extent
of
all
your
unpaid
amount
due on retirement
your account,
and toare
apply
such amounts to the payment of the unpaid balances whether or not repayment is accelerated by SPCU. IRA accounts and
other
qualified
accounts
excluded.
8. Iother
balances
understand
due that
SPCU.
I will
In case
be accounts
advised
of default
ofare
my
you
credit
authorize
limit SPCU
undertothis
apply
loanorplan
impress
whena my
liencard
on any
is mailed
and alltoofme.
yourI agree
shares,notdeposits
to exceed
andthis
payments
credit limit.
to theIfextent
I do exceed
of any and
my credit
all
qualified
retirement
excluded.
8. limit,
Iamount
understand
thatyour
will
be advised
of apply
my in
credit
limit
loan
plandemand.
when
cardbalances
is mailedwhether
to me. Ioragree
not to exceed
this credit limit.
If I do
myand
credit
I promise
due on
toI pay
account,
SPCU
theand
amount
to
such
excess
amounts
of under
my credit
tothis
thelimit
payment
on
of
the my
unpaid
not repayment
is accelerated
by SPCU.
IRAexceed
accounts
8. limit,
I understand
that
I
will
be
advised
of
my
credit
limit
under
this
loan
plan
when
my
card
is
mailed
to
me.
I
agree
not
to
exceed
this
credit
limit.
If
I
do
exceed
my
credit
Iqualified
promiseretirement
to pay SPCU
the amount
in excess of my credit limit on demand.
other
areany
excluded.
19. I limit,
recognize
and agree
I accounts
will
established
the credit union that are necessary to protect the best interests of the credit union and to
I promise
to paythat
SPCU
theaccept
amount
inother
excessconditions
of my credit
limit on by
demand.
19.
andFederal
agree
thatbeState
I advised
will laws
accept
any
otherlimit
conditions
established
bywhen
the credit
union
that aretonecessary
to protect
the bestthis
interests
the Ifcredit
8. I comply
Irecognize
understand
with
that
I will
and
ofand
my
regulations.
credit
under this
loan plan
my card
is mailed
me. I agree
not to exceed
credit of
limit.
I do union
exceedand
my to
credit
19. I comply
recognize
and
agree
that
I
will
accept
any
other
conditions
established
by
the credit union that are necessary to protect the best interests of the credit union and to
with Federal
and
Statethelaws
and regulations.
limit,
I promise
to pay
SPCU
amount
in excess
ofterminate
my creditmy
limit
on demand.
10. Icomply
acknowledge
and
agree
that
the
credit
union
may
account
and
declare
any
and
all
amounts
thereunder
immediately
due
and
payable
under
any
of
the
with Federal and State laws and regulations.
10. I following
Irecognize
acknowledge
and agree
creditanyunion
terminate
my account
declareunion
any and
thereunder
due and
payable
19.
conditions:
and agree
that Ithat
willthe
accept
othermay
conditions
established
by and
the credit
that all
areamounts
necessary
to protectimmediately
the best interests
of the
creditunder
unionany
andoftothe
10. following
I acknowledge
and agree that the credit union may terminate my account and declare any and all amounts thereunder immediately due and payable under any of the
conditions:
comply
with
Federal
and re-evaluation
State laws andofregulations.
a. Upon
the adverse
my credit worthiness.
following
conditions:
a.
Upon
the
adverse
ofunion
myofcredit
worthiness.
the termsand
anddeclare
conditions
established
by SPCU
and by VISA.
10. I acknowledge
b.
myand
failure
agreetore-evaluation
that
satisfy
thethe
credit
terms
this
mayagreement
terminateand
my account
any and
all amounts
thereunder
immediately due and payable under any of the
a.
Upon the
adverse re-evaluation
of myofcredit
worthiness.
agreement
and theexecuted
terms andin conditions
by SPCUwith
and SPCU.
by VISA.
b.
my failure
satisfy
terms
c. Upon
default to
under
anytheother
loan this
or security
agreement
connectionestablished
with a transaction
following
conditions:
agreement
and
the
terms
and
conditions
established
by
SPCU
and
by
VISA.
b.
Upon
my
failure
to
satisfy
the
terms
of
this
c. IfUpon
my default under any other loan or security agreement executed in connection with a transaction with SPCU.
d.
I die.the
a.
adverseunder
re-evaluation
my credit
worthiness.
c. Upon
default
any otherof loan
or security
agreement executed in connection with a transaction with SPCU.
d.
IfUpon
Imy
die.my
e.
At
option,
or to
at satisfy
the credit
if it has good
and cause.
the terms and conditions established by SPCU and by VISA.
b.
Upon
my
failure
the union’s
terms ofoption
this agreement
d.
die.option,
e. IfAt Imy
or at the credit union’s option if it has good cause.
11. SPCU
c.
reserves
Upon
my
the
default
right
to
under
amend
any
this
other
VISA
loan
Agreement
or
security
to
agreement
comply
executed
Federal in
or connection
State laws or
with
to refuse
a transaction
any request
with SPCU.
for a VISA Cash advance or Credit Purchase at any
e. At my option, or at the credit union’s option if it has good with
cause.
11. time
SPCU
reserves
the right
amend this
to comply
with Federal
or Statebylaws
or to refuse
for a VISAisCash
advance
Credit
Purchase
at any by
d. for
If any
I die.
reason
not to
prohibited
by VISA
law orAgreement
to terminate
your account
as permitted
paragraph
10. Ifany
thisrequest
VISA Agreement
amended
or or
your
account
is terminated
11. SPCU reserves the right to amend this VISA Agreement to comply with Federal or State laws or to refuse any request for a VISA Cash advance or Credit Purchase at any
PENALTY RATE
ANNUAL RATE
PERCENTAGE
PENALTY RATE
Penalty
Fees
ANNUAL RATE
PERCENTAGE
PENALTY
RATE
12.9% APR
(Periodic
16.9%
APR (Periodic
RATE
•12.9%
Over
Limit
APR
16.9%
APRto(Periodic
rate used
to (Periodic
compute
rate used
compute
ANNUAL
PERCENTAGE
APRto (Periodic
16.9%
APRto(Periodic
PENALTY
RATE is
rateFINANCE
used
computeis the
rateFINANCE
used
compute
•the12.9%
Late
Payment
CHARGE
CHARGE
RATE
rateFINANCE
used toCHARGE
computeis the
rateFINANCE
used toCHARGE
computeis
the
1.075%
per
month)
1.4%
per
month)
•the12.9%
Returned
Payment
APR CHARGE
(Periodic
16.9%
APR (Periodic
FINANCE
FINANCE
CHARGE is
1.075%
per month) is the1.4%
per month)
usedper
toof
compute
rate
used
compute
1.075%
month)
1.4%
pertomonth)
•rate
Copy
Charge Slip
None
Up to $25
$20
$2
b.
c.
d.
e.
Upon my failure to satisfy the terms of this agreement and the terms and conditions established by SPCU and by VISA.
Upon my default under any other loan or security agreement executed in connection with a transaction with SPCU.
If I die.
At my option, or at the credit union’s option if it has good cause.
11. SPCU reserves the right to amend this VISA Agreement to comply with Federal or State laws or to refuse any request for a VISA Cash advance or Credit Purchase at any
time for any reason not prohibited by law or to terminate your account as permitted by paragraph 10. If this VISA Agreement is amended or your account is terminated by
SPCU, the credit union shall send you written notice of such amendment or termination. Any amendment or termination shall not affect your obligation to repay any
amounts due on your account, and any amendment shall be effective as to any existing account balance and all future transactions.
12. I understand that SPCU reserves the right to review my loan file and I hereby give my permission to and authorize the credit union to investigate and re-assess my credit
worthiness, and to make inquiries it deems necessary pertaining to my employment, credit standing, and financial responsibility from time to time.
13. I fully understand, acknowledge and agree that if my account becomes delinquent, past due, if I die, file bankruptcy, become insolvent, if I default on any other
indebtedness to the credit union, or the credit union feels it is insecure, my VISA Credit Card may be revoked unless the credit union determines that extenuating
circumstances have contributed to the delinquency. Under such circumstances, the credit union at it’s option, may approve my continued use of the VISA Credit Card.
14. I promise to pay any and all charges incurred by me or by any person whom I authorize to use the VISA Credit Card issued to me, and any fees or charges incurred in the
recovery of a credit card, retrieval of transaction data, or the collection of this account. You cannot disclaim responsibility by notifying us, but we will close the account
for new transactions if you so request and after return of all cards. Any person using the card is jointly responsible with you 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 jointly responsible for all charges on the account, including yours.
55B_07
15. 1 LIABILITY FOR UNAUTHORIZED USE.
1/4/07
You may be liable for the unauthorized use of your card. You will not be liable for unauthorized use if you notify us, orally
or in1:34:44 PM
writing, of the loss, theft, or possible unauthorized use unless we reasonably determine, based upon substantial evidence, that you were grossly negligent or fraudulent in
handling your account or card. This limit on liability does not apply to ATM transactions or transactions using your Personal Identification Number (PIN) which are not
processed by VISA, or to commercial cards. If you are liable for unauthorized transactions, your liability will not exceed $50.You may notify us orally or in writing at:
PSCU
Service
Center,
PSCU Service
Center,
Inc.Inc.
PO
31112
P.O. Box
Box 31216
Tampa,
FL33631
33631
Tampa, FL
1-800-654-7728
Cardholder
Services
1-800-654-7728 Cardholder
Services
1-800-449-7728 Lost/Stolen/Security
1-800-449-7728
Lost/Stolen/Security
16. This agreement, except where federal law applies, shall be governed by the laws of the State of Minnesota. If any term of this agreement is determined unenforceable, the
remaining terms will remain in effect.
MARRIED WISCONSIN RESIDENTS ONLY: No provision of any marital property agreement, unilateral statement or court order applying to martial property will adversely
affect a creditor’s interests unless prior to the time credit is granted, the creditor is furnished with a copy of the agreement or court order, or has actual knowledge of the
provision.
Returns and Adjustments: Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so by issuing a credit slip which will be
posted to your Account. If your credits and payments exceed what you owe us, we will apply this credit balance against future purchases and cash advances to your
account, or if this credit balance is $1.00 or more, we will refund it on your written request.
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 to dollars
will be at the (i) the wholesale market rate or (ii) the government-mandated rate, whichever is applicable, in effect one day prior to the processing date, increased by
one percent.
Refusal to Honor: We are not responsible for the refusal of anyone to honor your Card.
17. Effective April 2, 2005, the exchange rate for international transactions will be a rate selected by VISA from the range of rates available in wholesale currency markets,
which may vary from the rate VISA itself receives, or the government-mandated rate in effect for the applicable central processing date. SPCU reserves the right to pass
any fees associated with this change along to all VISA Cardholders.
Your Billing Rights:
Keep This
For Future Use
STATEMENT
OF Document
BILLING RIGHTS
NOTIFY
US IN
CASE
OFabout
ERRORS
ORrights
QUESTIONS
ABOUT
YOUR BILL. under the Fair Credit Billing Act.
This
notice
tells
you
your
and our
responsibilities
If you think your bill is wrong, or if you need more information about a transaction on your bill, write us as soon as possible on a separate sheet of paper at the address
What
YouWe
Find
A Mistake
Statement
listedTo
onDo
yourIf bill.
must
hear fromOn
youYour
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.
If you think there is an error on your statement, write to us at:
give usService
the following
information:
In your letter,PSCU
Center,
Inc.
• Your PO
nameBox
and 31112
account number.
• The dollar
Tampa,
FL 33631
amount
of the suspected error.
1-800-654-7728 Cardholder Services
• 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.
1-800-449-7728 Lost/Stolen/Security
If you have authorized us to pay your credit card bill automatically from your Share Savings or Share Draft Checking Account, you can stop the payment on any amount you
think In
is wrong.
To stop give
payment,
your following
letter must reach
us three business days before the automatic payment is scheduled to occur.
your letter,
us the
information:
• Account information:Your name and account number.
• Dollar amount:The dollar amount of the suspected error.
We must acknowledge
yourofletter
withinIf30you
days,
unless
we have
error
bydescribe
then. Within
90 days,
we mustiseither
correct
error
explainitwhy
believe the bill
• Description
problem:
think
there
is ancorrected
error onthe
your
bill,
what
you believe
wrong
and the
why
youorbelieve
is awemistake.
YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE RECEIVE YOUR WRITTEN NOTICE
is correct.
You must contact us:
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
• Within 60 days after the error appeared on your statement.
finance charges,
and 3webusiness
can applydays
any before
unpaid amount
against your
credit is
limit.
You do not
have want
to payto
anystop
questioned
amount
while
we areyou
investigating,
but you are still
• At least
an automated
payment
scheduled,
if you
payment
on the
amount
think is wrong.
obligated to
pay the
parts
of your
billany
thatpotential
are not in errors
question.
• You
must
notify
us of
in writing [or electronically].You may call us, but if you do we are not required to investigate any
errors
and you
maybill,
have
paynot
the
amount
If we find potential
that we made
a mistake
on your
youtowill
have
to pay in
anyquestion.
finance charges related to the questioned amount. If we didn’t make a mistake, you may have to pay
the 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
What Will Happen After We Receive Your Letter
date it is due.
When we receive your letter, we must do two things:
If you1.fail
to pay30
thedays
amount
that we think
youletter,
owe, we
report
delinquent.
However,
explanation
doestell
not you
satisfyif you
write tocorrected
us within 10
Within
of receiving
your
wemay
must
tell you
youasthat
we received
yourif our
letter.
We will also
we and
haveyou
already
thedays telling
us that youerror.
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
the matter
hasletter,
been settled
between
when it finally
is. or explain to you why we believe the bill is correct.
2. Within
90 days
ofthat
receiving
your
we must
eitheruscorrect
the error
If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your bill is correct.
While we investigate whether or not there has been an error:
SPECIAL
RULE
FOR CREDIT
CARD PURCHASES
• We
cannot
try to collect
the amount in question, or report you as delinquent on that amount.
charge
in the
question
may
remain
on your
and with
we may
continue
tohave
charge
interest
that amount.
card, you
triedyou
in good
faith on
to correct
the problem with the merchant, you
If you have• aThe
problem
with
quality of
goods
or services
thatstatement,
you purchased
a credit
• While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
may not have to pay the remaining amount due on the goods or services. There are two limitations to this right:
• We can apply any unpaid amount against your credit limit.
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
After
our
investigation,
ofthan
two$50.
things will happen:
b. we
Thefinish
purchase
price
must have beenone
more
• 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.
These limitations don’t apply if we own or operate the merchant, or if we mailed you the advertisement for the property or services.
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:
55B_07 2
1/4/07 1:34:45 PM
1.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.)
2.You must have used your credit card for the purchase. Cash advances do not qualify.
3.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:
PSCU Service Center, Inc.
PO Box 31112
Tampa, FL 33631
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.