Credit Card Account Opening Disclosure

This Disclosure is incorporated into and becomes part of Your LOANLINER® Consumer Credit Card Agreement & Disclosure. Please keep this attached to Your LOANLINER Consumer Credit Card Agreement & Disclosure.

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases
13.75%
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers
13.75%
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances
13.75%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies
18.75%
This APR will vary with the market based on the Prime Rate.
This APR may be applied to Your Account if You:
  • Make a late payment.
How Long Will the Penalty APR Apply? If Your APRs are increased for this reason, the Penalty APR will apply until You make six consecutive minimum payments when due.
Paying Interest
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. We will begin charging interest on cash advances and balance transfers on the transaction date.
For Credit Card Tips from the Consumer Financial Protection Bureau
To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.
Fees
Transaction Fees
  • Cash Advance Fee
  • Foreign Transaction Fee

$3.00
1.00% of each multiple currency transaction in U.S. dollars
0.80% of each single currency transaction in U.S. dollars
Penalty Fees
  • Late Payment Fee
  • Over-the-Credit Limit Fee
  • Returned Payment Fee
 
Up to $25.00
None
Up to $25.00

How We Will Calculate Your Balance:
We use a method called "average daily balance (including new purchases)." See Your Account Agreement for more details.

Application of Penalty APR:
Your APR may be increased to the disclosed Penalty APR if You are 60 days late in making a payment.

Billing Rights:
Information on Your rights to dispute transactions and how to exercise those rights is provided in Your Account Agreement.

Military Lending Act Disclosures:
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; 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). Please call us at (866) 536-3123 to receive disclosures orally.

Other Fees & Disclosures:

Late Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less, if You are 10 or more days late in making a payment. If Your Account is subject to a Late Payment Fee, the fee will be charged to Your Account when You do not make the required minimum payment by or within the number of days of the statement Payment Due Date set forth on this Disclosure.

Cash Advance Fee (Finance Charge):
$3.00. If Your Account is subject to a Cash Advance Fee (finance charge), the fee will be charged to Your Account when You obtain a cash advance from an ATM, the Credit Union or other financial institution.

Returned Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less. If Your Account is subject to a Returned Payment Fee, the fee will be charged to Your Account when a payment is returned for any reason. Returned payment fees are assessed on both returned checks or for returned auto transfer payments that are non-sufficient on due date.

Rush Fee:
$15.00 weekday. $30.00 Saturday. If Your Account is subject to a Rush Fee, except as limited by applicable law, a fee may be charged to Your Account for each rush Card that You request, providing that delivery of the Card is also available by standard mail service, without paying a fee for delivery.

Stop Payment Fee:
$15.00. If Your Account is subject to a Stop Payment Fee, except as limited by applicable law, a fee may be charged to Your Account each time you request a payment to be stopped.

Statement Copy Fee:
$3.00. If Your Account is subject to a Statement Copy Fee, except as limited by applicable law and when the request is made in connection with a billing error made by the Credit Union, a fee may be charged to Your Account for each copy of a statement that You request.

Document Copy Fee:
$6.00. If Your Account is subject to a Document Copy Fee, except as limited by applicable law and when the request is made in connection with a billing error made by the Credit Union, a fee may be charged to Your Account for each copy of a sales draft that You request.

Payment Holiday Fee:
None.

Periodic Rates:

The Purchase APR is 13.75% which is a monthly periodic rate of 1.146%.
The Balance Transfer APR is 13.75% which is a monthly periodic rate of 1.146%
The Cash Advance APR is 13.75% which is a monthly periodic rate of 1.146%
The Penalty Rate APR is 18.75% which is a monthly periodic rate of 1.563%

Variable Rate:

The ANNUAL PERCENTAGE RATE may increase in the future. The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing cycle monthly to reflect any change in the Index and will be determined by the Prime Rate as published in The Wall Street Journal “Money Rates” table on the last business day of the calendar month preceding the billing cycle of each month, to which We add a margin. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase in the amount of the interest You will pay, may increase Your minimum payment, and may increase the number of payments to pay off Your balance. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.

Margin:

Purchases will be charged at 10.50% above the Index.
Balance Transfers will be charged at 10.50% above the Index.
Cash Advances will be charged at 10.50% above the Index.
Penalty Rates will be charged at 15.50% above the Index.

© CUNA Mutual Group 2009, 10, 12, 16 All Rights Reserved

01006883-MXC20-C-1-033017 (MXC201-E)