USF Federal Credit Union 2002

1. Using the Card. You may use the card issued to you to make purchases in person, by mail, telephone or the Internet from merchants and others who accept VISA cards. By using the card, you agree to the terms and conditions as outlined in this card disclosure. In addition, you may obtain cash advances from the Credit Union, from other financial institutions participating in the VISA program and from automated teller machines (ATMs) such as VISA ATM Network, that provide access to the VISA system. (Not all ATMs provide such access.) You will need to use your Personal Identification Number (PIN) to obtain a cash advance from an ATM.

2. Responsibility. You agree to pay all charges (purchases and cash advances) to your account made by you or anyone whom you authorized to use your account. Your obligation to pay the amount owed on your account continues until paid in full even though an agreement, divorce decree or other court judgment to which the Credit Union is not a party may direct someone else to pay the account balance.

If more than one person signs this Agreement, each is individually responsible for all amounts owed on the account and all are jointly responsible for all amounts owed. This means the Credit Union can enforce this Agreement against any of you individually or all of you together.

3. Credit Limit. If we approve your application, we will establish a self replenishing Credit Limit for you and notify you of its amount when we issue the card. You agree not to let the account balance exceed this approved Credit Limit. Each payment you make on the account will restore your Credit Limit by the amount of the payment which is applied to principal. You must be approved by our credit committee or loan officer. By giving you written notice, our credit committee may reduce or increase your Credit Limit from time to time, or with good cause, revoke your card and terminate this Agreement. Good cause includes your failure to comply with this Agreement, or our adverse reevaluation of your creditworthiness. You may also terminate this Agreement at any time, but termination by either of us does not affect your obligation to pay the account balance The cards remain our property and you must recover and surrender to us all cards upon request and upon termination of this Agreement.

4. Monthly Payment. Each month you must pay at least the minimum payment shown on your statement within 25 days of the statement closing date. You may, of course, pay more frequently, pay more than the minimum payment, or pay the Total New Balance in full. If you make extra payments or larger payments, you are still required to make at least the minimum payment each month your account has a balance. The minimum payment is 5% of your Total New Balance but not less than $25, plus the amount of any prior minimum payments that you have not paid. In addition, at any time your Total New Balance exceeds your credit limit, you must immediately pay the excess upon demand.

5. Skip Payment Features. From time to time, USF Federal Credit Union may announce a feature which will allow you to skip one or more payments. You understand that periodic Finance Charges will continue to accrue on your unpaid balance at the applicable Daily Periodic Rate. At the end of the period, the payment terms of this Agreement will be reinstated automatically without further notice.

6. Finance Charges on Purchases. No FINANCE CHARGE for purchases will be imposed for the current billing period if the entire New Balance shown on that most recent monthly statement (covering the prior billing period) is received on or before the Payment Due Date shown on that statement, (which will not be less than 25 days from the Statement Closing Date) or if the previous purchase balance on the most recent prior monthly statement was zero.

In all other cases, we will impose a FINANCE CHARGE on your purchases by applying the Periodic Rate shown on your monthly statement to the Average Daily Purchase Balance. To get your Average Daily Purchase Balance; we take your beginning purchase balance each day, add any new purchase and subtract any payments or credits. (A purchase appearing on the monthly statement is considered a part of the outstanding balance from the date of the transaction or the first day of the billing cycle in which the purchase is posted, whichever is later.) This gives us the Daily Purchase Balance. Then, we add all the Daily Purchase Balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the "Average Daily Purchase Balance".

For the Classic Card, we figure the amount of FINANCE CHARGE on purchases for the billing cycle by multiplying the Average Daily Purchase Balance by the monthly Periodic Rate of 1.24% corresponding to an ANNUAL PERCENTAGE RATE of 14.9%.

7. Finance Charges on Cash Advances. A cash advance will accrue FINANCE CHARGES from the date you obtain the advance until the date full payment is received. On each Statement Closing Date, we figure the FINANCE CHARGE by applying the Periodic Rate to the Average Daily Cash Advance Balance. To get the Average Daily Cash Advance Balance, we take the beginning cash advance balance each day, add new advances and subtract any payments or credits. (A cash advance appearing on the monthly statement is considered a part of the outstanding balance from the date of the transaction or the first day of the billing cycle in which the cash advance is posted, whichever is later). This gives us the Daily Cash Advance Balance. Then we add all the Daily Cash Advance Balances for the billing cycle together and divide the total by the number of days in the billing cycle. Convenience check transactions will be treated as cash advances.

The Periodic Rate that we use in figuring the FINANCE CHARGE on cash advances is the same as that used in figuring the FINANCE CHARGE for purchases. See the preceding section, "Finance Charges on Purchases".

8. Default. You will be in default if you fail to make the MINIMUM PAYMENT within 25 days after your monthly statement closing date. You will also be in default if:

(a) you breach any other conditions of this agreement;

(b) your creditworthiness has become unsatisfactory to us because of a change in your employment status, an increase in your other obligations, bankruptcy or insolvency proceedings involving you, or other reasons;

In the event of default or if this agreement is terminated by you or by us, the entire balance becomes immediately due and payable. The Debtor, jointly and severally, agrees to pay reasonable attorney's fees, court costs and/or collection agency fees and costs to the extent allowed by applicable laws and regulations. You agree that your salary or earnings may be subject to attachment or garnishment to the extent allowed under applicable law.

9. Security Interest. To secure your account: (a) you grant us a purchase money security interest under the Uniform Commercial Code in any goods you purchase through the account. If you default, we will have the right to recover any of these goods which have not been paid for through our application of your payments in the manner described in paragraph 4; (b) you grant us a security interest in any of your property currently or hereafter held by us, except for a home or any of your property that would be defined as "household goods" by the FTC's Credit Practices Rule; (c) if you sign or have signed a Pledge of Shares which specifically pledges your shareholdings with us to secure this credit card account, your credit card account will be secured by your pledged shares in the Credit Union; (d) collateral securing other loans with USF Federal Credit Union may also secure this account.

10. Return Check Fee - There will be a $15.00 fee assessed per item for NSF checks.

11. Late Charge Fee. We will add a late charge fee of $5 or 5% of the minimum payment on your monthly statement; whichever is greater, to your account balance as a purchase if you fail to make payment at least equal to the minimum payment shown on your monthly statement on or before the sixteenth day following the Payment Due Date shown on the monthly statement.

12. Over Limit Fee. Charges in excess of any line of credit will result in a monthly over limit charge of $10.

13. Liability for Unauthorized Use. You may be liable for the unauthorized use of your credit card. You will not be liable for unauthorized use that occurs after you notify the Credit Union orally or in writing, of the loss, theft, or possible unauthorized use. In any case, your liability will not exceed $50.

14. Lost Card Notification/Fee. If you believe your credit card has been lost or stolen, immediately call 1 (800) 654-7728. There will be a $5.00 charge to replace any lost card.

15. Changing or Terminating Your Account. The Credit Union may change the terms of this Agreement, from time to time after giving you any advance notice required by law. Your use of the card after receiving notice at a change will indicate your agreement to the change. To the extent the law permits, and indicated in the notice to you, the change will apply to your existing account balance as well as to future transactions.

Either the Credit Union or you may terminate this Agreement at any time, but termination by you or the Credit Union will not affect your obligation to pay the account balance plus any finance and other charges you owe under this Agreement.

16. Credit Information. You authorize the Credit Union to investigate your credit standing when opening or reviewing your account. You authorize the Credit Union to disclose information regarding your account to credit bureaus and creditors who inquire about your credit standing.

17. Returns and Adjustments. Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so by sending the Credit Union a credit slip which will be posted to your account. If your credits and payments exceed what you owe the Credit Union, the amount will be applied against future purchases and cash advances. If the amount is $1.00 or more, it will be refunded upon your written request or automatically after ninety days.

18. Foreign Transactions. Purchases and cash advances made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The rate of exchange between the transaction currency and the billable currency used for the processing of International VISA transactions is the wholesale market rate or government mandated rate, in effect one day prior to the processing date, plus one percent or the applicable percentage determined by the issuer.

19. Merchant Disputes. The Credit Union is not responsible for the refusal of any merchant or financial institution to honor the 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 have been unable to obtain satisfaction from the merchant or service provider, and (a) your purchase was made in response to an advertisement the Credit Union sent or participated in sending to you; or (b) your purchase cost more than $50 and was made in your state or within 100 miles of your home.

20. 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 you sign or receive may contain different terms.

21. No Waiver. The Credit Union can delay enforcing any of its rights any number of times without losing them.

22. Notices and Changes of Name, Address, or Employment. You understand the Credit Union will send you Account statements, replacement or renewal Cards, or other notices to you at the address shown in its records. If this is a joint Account, the Credit Union can send these items to any joint Account holder. You will promptly notify the Credit Union of any change in your name, address, or employment.

23. Certain forms of online gambling such as casino-style gaming, sports betting, purchase of lottery tickets or electronic gaming chips may violate local laws in countries where gambling is illegal. Use of your card for any illegal transaction will result in the termination of your card privileges.