GREATER NILES COMMUNITY FEDERALCREDIT UNION CREDITCARDAGREEMENTAND DISCLOSURES
aanr emram aeinyn e r Union transfers this Aoreement
1.Using Your Account. If you are approved lor an Account,the Credit Union will establish a line ol credit lor you and notify you of your credit limit.You agree that your credit limit is the maximum amount (purchases,cash advances,finance charges,plus"other charges)that you will have outstanding on your Account at any time.Each payment you make io your Account will restore your credit limit by the amount ol the paymeni,unless you are over your credit limit.If you are over your credit limit and you have consented o the Credit Union's aver-lhe-limit coverage, yau must pay the amount you are over before payments will begin to reslore your credit limit. You may request an increase in your credit limit only by a method acceptable to the Credit Union.The Credit Union has the right to reduce your credit limit,refuse to make an advance andfor terminate your Account at any time for any reason nol prohibiled by law
2.Using the Visa Card. You may use your Card to make purchases from merchants and others who accept Visa cards.In addition, you may obtain cash advances from the Credit Union and from other inancial institutions that accept Visa cards,and from some automated teller machines ATMs.such as the Visa ATM Nelwork,that accept Visa cards.(Not all ATMs accept Visa cards.)To obtain cash advances rom an ATM,you must use the Personal Identification Number (PIN that is issued to you for use with hkmyain yt transactions.lf you wish to pay for goods or services over the Internet, you may bo reguired to provide card number security information belore you will be permitted to complete the transaction.
3.Responsibility. You agree to pay all charges (purchases and cash advances to your Account that are made by you or anyone whom you authorize to use ycur Account.You agree not to authorize anyone to use your Account without the prior written consent of the Credit Union, You also agree to pay all finance charges and othercharges added to yourAccount under the terrns of thisAgreement or another agreemen you made with the Credit Union.lf this is a joint account.Section 18 also applies io your Account
4.Default. You will be in default if you fail to make any minimum payment or other required payment by the date thal it is due.You will be in delaull if you break any promise you make under this Agreement.You will be in delaull if you die,file for bankrupicy or become insolvent.that is unable to pay your obligations when they become due.You will be in default if you make any false or misleading statements in any creci application or credit update.You will also be in default if the Credit Union in good laith reasonably believes that the prospect of payment or perfarmance ol your obligations under this Agreement is impaired When you are in default,the Credit Union has the right to demand immediate payment ol your full Account balance without giving you notice.I immediate payment is demanded,you agree to cantinue paying finance charge,at the periodic rate charged before default,until what you owe has been paid and any shares that were given as security for your Account may be applied towards what you owe.
5. Liability for Unauthorized Use-Lost/Stolen Card Notification. You may be liable for the iability will not exceed S50.You can notily the Credit Union by calling (800828-3901,or writing to P.O Box30495.Tampa.FL33630-3495.
7.Finance Charges.A Finance Charge will be imposed on Credit Purchases only if you elect not lo ayhre gmt ignces n your previous monihly statement within thal 25-day period, a Finance Charge will be imposcd on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date af posting to your account during the current billing cycle,and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date
3.Security Interest. lf you give the Credit Union a specilic pledge of shares by signing a separate pledge of shares,your Account will be secured by your pledged shares.There is no other security for Ihis Account, notwilhstanding anything to the contrary in any other agreement. You may not withdraw amounts that have been specifically pledged to secure your account until the Credit Union agrees to release all or part of the pledged amount.
Visa Classic The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate ol.825%-1.908% which is an ANNUAL PERCENTAGE RATE of 9.9%-12.9%to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycie by the number af days in the cycle.Each daily balance of Credit Purchases is determined oy adding lo the outstanding unpaid balance of Credit Purchases at the beginning ol the billing cycle any new Ctedit Purchases posted to your accaunt.and subtracling any payments as received and credits as posted to your account,but excluding any unpaid Finance Charges
A Finance Charge will be imposed on Cash Advances from the date ol the Cash Advance or from the lirst day of the billing cycle in which the Cash Advance is posted to your account,whichever is later,and will otherwise be calculated in the same manner as explained above for Credit Purchases.
Platinum Preferred: The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rale olG58% which is an ANNUAL PERCENTAGE RATEof 7.9%to the average daily balance of Credit Purchases,which is delermined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account,and subtracting any payments as received and credits as posted to your account,but excluding any unpaid Finance Charges.
A Finance Charge will be imposed an Cash Advances from the date of the Cash Advance or from the first day of the billing cycle in which the Cash Advance is posted to your account,whichever is later,and will otherwise be calculated in ihe same manncr as cxplaincd above for Credit Purchases
Secured Visa: The Finance Charge for a billing cycle is computed by applying the monthly Periodic y oy the number ol days in the cycle.Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to yaur account,and subtracting any payments as received and credits as posted to your account,but excluding any unpaid Finance Charges.
International Transaction Fee:A fee up to 2 will be assessed on all transactions where the merchant country differs from the couniry of the card issuer
B.Payments. Each month you must pay at least the minimum payment shown on your statement by Ihe date specilied on the statement or no later than 25 days from the statement closing date.whichever s later.If your siatement says the payment is Now Due,your payment is due no later than 25 days rom the statement closing date.You may pay more frequently.pay more than the minimum payment or pay the Total New Balance in full. Il you make extra payments or larger payments,you are still required to make at least the minirnum payment each month your Account has a balance (other than a credii balance.The minimurm payment is 3.0% ol your Total New Balance,but nol less than S20.00.plus the amount ol any prior minimum payments that you have not made,and any amounts you are over your credit limit.We may reject payments not drawn in U.S.dollars or those drawn on a financial institution ocated outside of ihe U.S
9.Payment Allocation. Subject to applicable law,any payments over the required minimum payment amounts and any credits to balances on your Account will be credited to balances with the highest applicable APR first.We will then credit payments to lower rate balances in descending order of APRs The manner in which we apply any payment to your Account balances may alfect the amount ol any payment applied to introductary or promotional financing balances
10.Other Charges. The following other charges fees)will be added to your Account,as applicable Over the Credit Limit Fee:Il you have opted-in to the Credit Union's over-the-limit coverage,you may be charged a fee of up to S20.00 on a staterment date if your New Balance on that date,less any fees imposed during the cycle,is over your credit limit until your New Balance is BELOW your credit limit. Late Payment Fee:A late charge ol up to S35.00 will be added to your account if you are late making a payment.Non-Sufficient Funds Check Fee:If a check or share draft used to make a payment on your account is returned unpaid,you will be charged a fee of up ta S28.00.Card Replacement Fee:You will SyacayuyeYead connection with a billing error made by the Credit Union).Collection Costs:You promise to pay all costs ol collecting the amountvou owe under this Aareement to the extent nermtted bv law
11.Changing or Terminating Your Account. The Credit Union may change the terms of this Agreement from time to time.Notice of any change will be given in accordance with applicable law.Use of your Card after receiving notice of a change will indicate your agreement to ihe change.
Either you or the Credit Union may lerminale this Agreement at any time,but termination by you or the Credi Union will not alfect your obligation to pay the Account balance plus any finance and other charges you owe under this Agreement.You are also responsible for any transaction that yau initiated and we authorized prior lo termination,even though the transaction is nol posted until after terminalion.
lf permilted by law and specified in the notice to you,the change will apply to your existing Account Balance as well as to future transactions.When requircd by law to advise you that you have a legal right to rcjeci any changos we make,wo will provide you with an explanation about how to do thal
The Card or Cards you receive remain the property of ihe Credit Union and you must recover and surrender to the Credit Union all Cards upon request or upon termination ol this Agreement whether by you or the Credit Union.The Credit Union has the right to require you to pay your full Account balance at any time alter your Account is terminated,whether it is terminated by you or the Credit Union.if this is a joint account,Seclion 17 of this Agreement also applies to termination of the Account.
12.Credit lnformation. You authorize the Credit Union to investigate your credit standing when opening or reviewing your Account.You authorize the Credit Union to disclose inlormation regarding yaur Account o credit bureaus and creditors who inquire about your credit standing
13.Returns and Adjustments.Merchants and others who honor your Card may give credit for returns or adjustments, and they will do so by sending the Credit Union a credii slip which will be posted to your Account. if your credits and payments exceed what you owe the Credit Unian,the armount will be applied against future purchases and cash advances.If the credit balance amount is S1 or more,il will be refunded upon your written request or automatically alter six6)months
14.Additional Benefits/Card Enhancements. The Credit Union may lrom time io time offer additional services to your Account,such as travel accident insurance.at no additional cost to you. You understand that the Credit Union is not obligated to otfer such services and may withdraw or change therm at any time. i5.Forelgn Transactions.Purchases and cash advances made in foreign countries and foreign currencies will be billed to you in U.S.dollars.The exchange rate for transactions in a foreign currency will be a ratc selected by Visa from the range of rates available in wholesale currency markels 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 currency exchange rale used on the processing date may diller from the rate that would have been used on the purchase date or cardholder statement posting date.
16.Merchant Disputes.The Credit Union is not responsible far the refusal of any merchant or financial nstitution to honor your Card.The Credit Union is subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the Card if you have made a good faith attempt but nave been unable to obtain satisfaction from the merchant or service provider (unless a local law states hat you do nol have to make such an attempt.and a your purchase was made in response to an advertisement the Credit Union sent or participated in sending fo you;or (b your purchase cost more than S50 and was made in your state or within 100 miles of your home.
17.Joint Accounts.If this is a joint account, each person on Ihe Account must sign the Application or the Account. Each of you will be individually and jointly responsible lor paying all amounts owed under this Agreement.This means that the Credit Union can require any one of you individually to repay the entire amount owed under this Agreement. Each al you authorizes the olher(s to make purchases or cash advances individually.Any one of yau may terminate the Account and the termination will be effective as to all of you.
Consent to.and revocation of.the Credit Union's over-the-limit coverage by one ot you will be considered consent and revocation for all of vou
No Waiver. The Credit Union can delay enforcing any of its rights any number of times without losing them.
Effect of Agreement. This Agreement is the contract which applies to all transactions on your Account even though the sales, cash advances,credit or other slips ycu sign or receive may contain differentterms
Statement and Notices. Statements and notices will be mailed to you at the most recent address vou have given the Credit Union.Notice sent io anv one of vou wll be considered notice to all.
Copy Received. You acknowledge that you have received a capy of this Agreemen
Signatures. By signing in the Signature area of the application form that was atlached to this Agreement when you received it, you agree to the terms of this Agreement. You should detach this Agreement Irom the application and retain it for your records
Final Expression.This agreement is the Final expression of the terms and conditions of this card Agreemeni between you and the Credit Union. This written Agreement may not be contradicted by evidence of any alleged oral agreement.
YOUR BILLINGRIGHTS-KEEP THIS NOTICEFOR FUTUREUSE
This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.
lf 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 problerm appeared. You can telephone us, but doing so will not preserve your rights.
Notify Us in Case of Errors or Questions About Your Bill
Your name and account number
Describe the error and explain,ifyou can,why you believe there is an error.lf you need more information, describe the item you are not sure about
The collar amount of the suspected error.
ll you have authorized us to pay your credit card bill automatically from your savings or checking account you can stop the payment on any amount you think is wrong.To siop the payment your letter must reach us three business days belore the automatic payment is scheduled to occur.
Your Rights and Our Responsibilities After We Receive Your Written Notice
We must acknowledge your lelter 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 cannol try to collect any amount you question,or repon you as delinquent. We can continue to bill you for the amcunt you question.including finance charges.and we can apply any 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 nat in questian.
lf we find that we made a mistake on your bill, you will not have to pay any finance charges related to any questioned amount.I we didn't make a mistakeyau may have to pay finance charges,and you will have o make up any missed payments on the questioned amount.In either case,we will send you a stalement of the amount you owe and the date it is due.
If we don't follow these rules,we can't collect the first S50 of the questioned amount.even il your bil was.cofrect.
lf 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 ol anyone we reported you to.We must tell anyone we reporl you to that the matter has been settled between us when it finally is
Special Rule for Credit Card Purchases
f you have a problem with the quality of property or services that you purchased with a credit card,and you have tried in good laith to correct the problem with the merchant,you may have the right not to pay the remaining amount due on the praperty 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 horme state within 100 miles of your current mailing address;and
These limitations do not apply if we own or operate the merchant,or if we mailed you the advertisement or the praperty or services
(bThe purchase price must have been more than S50
