Credit Cards

If you would like a copy of your “VISA CREDIT CARD DISCLOSURE STATEMENT AND CARDHOLDER AGREEMENT” call us at 801-975-9693.


This agreement and any subsequent agreement provided to you periodically is part of your Credit Agreement. Please keep it with your records. In this agreement, plurality is assumed as applicable. By signing, requesting, using or permitting others to sign or use a VISA credit card issued to you by the Credit Union, you agree to the following terms and conditions, now and as amended from time to time.

CREDIT LINE If you are approved for a VISA credit card account, the Credit Union will establish a line of credit for you and notify you of your credit limit. You may activate your account by calling the Credit Union at the number listed above. Your credit card must be signed to be valid and will not be usable until you have called the Credit Union and received verification that your credit line has been activated. After your credit line is activated, you may use your card to buy goods and services at any place it is honored. You may also use your card to get a cash advance at any participating VISA financial institution. The Credit Union in its discretion, reserves the right to refuse to authorize transactions which may be illegal or cause risk to the Credit Union including, but not limited to, transactions that originated from an internet gambling site.

LIABILITY If the account is issued to you and others as a joint account, each use of the account shall be an extension of credit to all, and each of you shall be jointly and severally liable for repayment of all debt and the FINANCE CHARGE arising from the use of the card account. If you allow anyone else to use your card, you will be liable for all credit extended to such persons and the FINANCE CHARGE arising from the use of the card. You will be liable for all actual, implied or apparent authorized use of your card account. Any person using the card is jointly responsible with you for charges they make and any fees and FINANCE CHARGE, but if that person signs the card, they become a party to this agreement and also jointly responsible for all charges and FINANCE CHARGES on the account, including yours. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court order, to which we are not a party, may direct one of the other persons responsible, to pay the account.

STATEMENTS The Credit Union (We) will mail you a statement every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available in your Credit Line, the new balances of your purchases and cash advances, the Total New Balance, the FINANCE CHARGE due to date, any other billed fees and the Minimum Payment amount required. Statements will be mailed to you at the most recent address you have given to the Credit Union. Statements or other notices sent to you shall be considered notice to all.

PAYMENTS Every month you must pay at least the Required Payment Due by the Payment Due Date. By separate agreement you may authorize us to charge the Required Payment Due automatically to your share or draft account with us. You may pay more frequently, pay more than the Required Payment Due or pay the Total New Balance in full and this will reduce the FINANCE CHARGE. At any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess amount. We will apply your payments first to the FINANCE CHARGE on both purchase and cash advances, then to any billed fees, then to the principal balance of purchases and then to the principal balance of cash advances.

FINANCE CHARGE A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance of purchases shown on your monthly statement for the previous billing cycle within twenty-five days from the closing date of that statement.  If you elect not pay the entire New Balance of purchases shown on your previous monthly statement within that 25-day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of 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 of purchases is paid in full or until the date of payment if more than twenty-five days from the closing date.  The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate of 1.49583%, which is an ANNUAL PERCENTAGE RATE of 17.95% to the average daily balance of Credit Purchases, which is determined 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 on 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 the same manner as explained above for Credit Purchases.

LOST OR STOLEN VISA CARDS You agree to notify the Credit Union promptly, orally or in writing, if your card(s) is lost or stolen. You may send notice or call us at the address or telephone number listed above and on each billing statement. If you notify us of your lost or stolen card within two (2) business days of discovery, you may not be liable for any losses related to credit transactions. This zero liability will apply provided you were not grossly negligent or fraudulent in handling your card. If you notify us of your lost or stolen card after two (2) business days your liability for unauthorized transactions shall not exceed $50.

LATE CHARGE – If your payment is not made by the due date a late charge will be assessed during monthly processing.  The late fee will not less than $15.00.

CARD REPLACEMENT FEE You will be charged $5.00 for each replacement card that is issued to you for any reason other than under normal replacement schedules.  All fees are subject to change and are disclosed on the current Schedule of Fees disclosure.  A fee of $10 will be charged to replace the PIN.

RETURNED CHECK FEE If a check used to make a payment is returned unpaid, you will be charged a fee in the amount of $20.

COLLECTION COSTS You agree to pay all costs of collecting the amount you owe under this Agreement including court costs and reasonable attorneys’ fees.

SECURITY INTEREST The Credit Union shall have a statutory lien and right of setoff in all shares, deposits or accumulated dividends or interest in all individual, joint, multiple party or transaction accounts at the Credit Union in which you have an interest. Upon default, the Credit Union may exercise its lien right without notice. The lien hereby created shall be a lien on the future amount in any account and is a possessory lien.

CROSS-COLLATERAL AGREEMENT You hereby pledge as security for this VISA credit card account any collateral that you have pledged as security on any other existing loan at the Credit Union or which you will pledge as security in the future. An exception to this cross-collateral clause is any loan secured by Real property. This is referred to as a cross-collateral agreement and you knowingly and voluntarily grant the Credit Union the foregoing described security interests.

CHANGE OF THIS AGREEMENT By your signature on or your use of your card(s) or account, you acknowledge and consent that we may change the terms of this agreement or applicable fees from time to time. Notice of any changes will be sent to you as required by law. As allowed by law, these changes will apply to your new purchases and advances and to any outstanding balances as of the effective date of change. We will mail notice of such changes to you at your address shown on our records.

FOREIGN TRANSACTIONS Purchase and cash withdrawals made in foreign countries and foreign currencies will be debited from your account in U.S. Dollars.

A rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives will be used.  This conversion rate to dollars is in accordance with the operating regulations established by VISA International.

There will be assessed a 1% International Service Assessment (ISA) on each foreign purchase or cash advance. Fee credits will be granted for purchase reversals and cash advance reversals.  No fee credit will be given for credits, credit reversals, or exception items.  The currency conversion rate used on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

CANCELLATION OF THIS AGREEMENT We may reduce your Credit Line; or, with good cause, revoke your card(s) and terminate this agreement. Good cause includes your failure to comply with this agreement or our adverse re-evaluation of your creditworthiness. You may also terminate this agreement at any time. Whether you or the Credit Union cancels this agreement, you are obligated to continue paying the account balance plus FINANCE CHARGE until the account is paid in full.

DEFAULT A negative credit report reflecting on your credit record may be submitted to a credit-reporting agency if you fail to fulfill the terms of this agreement. Default of this agreement includes failure to make payments when due, your death, bankruptcy or insolvency, attachment or levy against your property. Upon default the entire amount of your outstanding indebtedness shall become immediately due and payable at the election of the Credit Union without giving you advance notice. The Credit Union has the right to apply all or part of your present and future shares and/or deposits towards the amount you owe if you are in default. In the event of default, you agree to pay attorneys fees and costs incurred by us. This agreement is binding upon your heirs, representatives, successors and assigns.

NOTICE AND AGREEMENT RELATING TO CREDIT AGREEMENT You have entered into a credit agreement with the Credit Union. This agreement is a final expression of the agreement between you and the Credit Union. This agreement may not be contradicted by evidence of any oral agreement or alleged oral agreement and contains the terms applicable to the credit transaction. The Credit Union can delay enforcing any of its rights under this agreement without losing them.


Keep This Document For Future Use.  This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement

If you think there is an error on your statement, write to us at the address listed on your statement.

In your letter, give us the following information:

  • Account information: Your name and account number.
  • Dollar amount: The dollar amount of the suspected error.
  • Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.

You must contact us:

  • Within 60 days after the error appeared on your statement.
  • At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong.

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 to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

  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.
  2. Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

  • We cannot try to collect the amount in question, or report you as delinquent on that amount.
  • The charge in question may remain on your statement, and we may continue to charge you interest on that amount.
  • While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
  • We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

  1. 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.
  2. 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.

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:

  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 [Sic; should be “is”] 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. Purchases made with cash advances from an ATM or with a check that accesses your credit card account 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 the address 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.


Annual Percentage Rate (APR) for purchases, cash advances and overdraft advances 9.95% -17.95%
Based on Creditworthiness.
How to Avoid Paying Interest on Purchases 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 Finance Charge If you are charged interest, the charge will be not less than $.50
For Credit Card Tips from the Federal Reserve Board 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



Annual Fee None
Transaction Fees

— Foreign Transaction


1% of each transaction in U.S. dollars

Penalty Fees

— Late Payment

— Return Check




Other Fees

— Card Replacement

— Document Copy

— Card PIN Replacement





How We Will Calculate Your Balance:  We use a method called “average daily balance (including new purchases).

Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

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