Common use of Others Using Your Account Clause in Contracts

Others Using Your Account. You promise to pay for all transactions made by any other person you authorize to use your Account, whether or not that person exceeded your permission and whether or not you notified us that the person was using your Account. If someone else is authorized to use your Card or Account and you want to end that person's privileges, you must let us know in writing. If he or she has a Card, you must return that Card cut in half with your written notice. CLOSING YOUR ACCOUNT. You may close your Account at any time by notifying us in writing and returning your Card(s) cut in half. You remain responsible to pay the amount you owe us according to the terms of this Agreement. We may close or suspend your Account privileges at any time and without prior notice, unless required by applicable law, for any reason we deem appropriate, including if you are in default under this Agreement. We may also reissue a different Card at any time. Upon request, you must destroy the Card by cutting it in half and surrendering it to us or our agent. In the event of the death of an existing Cardmember it is our policy to remove the Cardmember from the Account and request that the decedent’s Card be destroyed. If the Account is jointly held we will evaluate various factors relating to the remaining Cardmember to determine if the Credit Limit should be adjusted as described in the section of this Agreement entitled “Credit Limit” and “Default”. ADDRESSES; CHANGE OF ADDRESS. Your full name, address and any signature on your Application are considered part of this Agreement. For purposes of this Agreement, you agree and represent that you live at the address shown on your Application or from time to time designated by you for the receipt of monthly statements. You will notify us of any address change in writing before the change becomes effective. DELAY IN ENFORCEMENT; NO WAIVER BY US. We can delay enforcing or waive any of our rights under this Agreement without losing them. If we waive a right, we do not thereby waive the same right in other situations.

Others Using Your Account. If you allow anyone else to use your account, you will be liable for all credit extended to such persons. You promise to pay for all transactions purchases and advances made by any other person anyone you authorize to use your Accountaccount, whether or not that person exceeded your permission and whether or not you notified notify us that the person was he or she will be using your Accountit. If someone else is authorized to use your Card or Account account and you want to end that person's privileges’s privilege, you must let notify us know in writing. If writing and if he or she has a Cardcard, you must return that Card cut in half card with your written notice. CLOSING YOUR ACCOUNT. You may close your Account at any time by notifying us in writing and returning your Card(s) cut in half. You remain responsible to pay the amount you owe us according to the terms of this Agreement. We may close or suspend your Account privileges at any time and without prior notice, unless required by applicable law, notice for any reason we deem appropriate, including if you are in default under this Agreement. We may also reissue a different Card at any time. Upon request, you must destroy the Card by cutting it in half and surrendering it to us or our agentbe effective. In the event CREDIT LIMITS: You promise that payments made for your account resulting from use of the death of an existing Cardmember it is our policy card will at no time cause the outstanding balance in your account to remove the Cardmember from the Account and request that the decedent’s Card be destroyed. If the Account is jointly held we will evaluate various factors relating exceed your credit limit as disclosed to the remaining Cardmember to determine if the Credit Limit should be adjusted as described in the section of this Agreement entitled “Credit Limit” and “Default”. ADDRESSES; CHANGE OF ADDRESS. Your full name, address and any signature on your Application are considered part of this Agreement. For purposes of this Agreement, you agree and represent that you live at the address shown on time you received your Application card or as adjusted from time to time designated by you for at the receipt discretion of monthly statements. You will notify us of any address change in writing before the change becomes effective. DELAY IN ENFORCEMENT; NO WAIVER BY USCredit Union. We can delay enforcing or waive any of may, however, permit you to exceed your credit limit in our rights under this Agreement without losing themsole discretion, and you agree to be responsible for such credit extensions. If we waive permit you to exceed your credit limit on any one occasion, that does not mean we will permit you to exceed your credit limit on future occasions. You should not expect that we will permit you to exceed your credit limit on any occasion. PROMISE TO PAY: You promise to pay the Credit Union all payments made for your account resulting from the use of the card plus INTEREST CHARGES on the unpaid balance. At the end of each monthly billing cycle, you will be furnished with a rightperiodic statement showing (i) the “Previous Balance” (the outstanding balance in the account at the beginning of the billing cycle), (ii) the amount of all cash advances, purchases, and INTEREST CHARGES posted to your account during the billing cycle, (iii) the amount of all payments and credits posted to your account during the billing cycle, and (iv) the “New Balance” which is the sum of (i) and (ii) less (iii). For MasterCard and Secured MasterCard, you agree to pay on or before the “Payment Due Date” shown on the periodic statement either the entire New Balance, or a minimum payment equal to 3% of the New Balance or $20, whichever is greater. If the New Balance is $20 or less, you will pay in full. For Gold MasterCard, you agree to pay on or before the “Payment Due Date” shown on the periodic statement either the entire New Balance, or a minimum payment equal to 2% of the New Balance or $20, whichever is greater. If the New Balance is $20 or less, you will pay in full. In addition to the minimum payment shown on your periodic statement, you agree to pay any amounts in excess of the credit limit established by us and any past due minimum payments. You may make extra payments in advance of the due date without penalty, and you may repay any funds advanced, credit extended, or amount outstanding at any time without penalty for early payment. Regardless of the amount of any extra payments during a given month, a monthly payment will be required the following month if a balance remains in your account. COST OF CREDIT: You will pay an INTEREST CHARGE for all advances made against your account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before an INTEREST CHARGE on new purchases, cash advances, and balance transfers will be imposed. Otherwise, there is no grace period and all advances will incur an INTEREST CHARGE from the date they are posted to the account. If your account features an Introductory Rate, until the first day of the billing cycle that includes the six-month anniversary date of the opening of your account, you will pay an INTEREST CHARGE for all advances, including purchases, cash advances, and balance transfers, at the Introductory Rate monthly periodic rate as set forth in the Additional Disclosure attached and incorporated into this Agreement. Thereafter, the Standard Rate periodic rate and corresponding ANNUAL PERCENTAGE RATE for all advances will be as set forth in the Additional Disclosure. The INTEREST CHARGE is figured by applying the applicable monthly periodic rate to the Average Daily Balance of your account for each feature category, including certain current transactions. Feature categories include purchases, balance transfers, and cash advances. The Average Daily Balance is arrived at by taking the beginning balance of each feature category each day and adding any new transactions to the balance, except if you have paid your account in full by the Payment Due Date shown on the previous monthly statement or there is no previous balance, new transactions are not added to the applicable feature category balance. When determining balances, we do not thereby waive may combine feature category balances that have the same right periodic rate and other INTEREST CHARGE terms. We then subtract any payments or credits and unpaid INTEREST CHARGES allocated to the feature category balance for the day. This gives us the daily balance for the feature category. The daily balances for each feature category are then added together and divided by the number of days in other situationsthe billing cycle. The result is the Average Daily Balance for each feature category. The periodic INTEREST CHARGE is determined by multiplying each feature category Average Daily Balance by the applicable monthly periodic rate. The Total Interest Charge for each statement period is the sum of the periodic INTEREST CHARGES for each feature category plus any non-periodic INTEREST CHARGES.