Common use of Periodic FINANCE CHARGE Clause in Contracts

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 posted to your account, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in Your Visa Platinum Account is subject to the Account on the closing date of any Billing Cycle, including any following periodic FINANCE CHARGES, will be shown on : Monthly Rate Corresponding ANNUAL PERCENTAGE RATE 0.741% 8.9% Your Visa Gold Account is subject to the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99following periodic FINANCE CHARGES: Monthly Rates Corresponding ANNUAL PERCENTAGE RATE 0.9083% APR 10.9% Your account MasterCard Classic Account will be subject to the following periodic FINANCE CHARGE: Monthly Rates Corresponding ANNUAL PERCENTAGE RATE 1.075% 12.9% 1.158% 13.9% 1.241% 14.9% 1.325% 15.9% 1.408% 16.9% The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your Account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for Cash Advances for a billing cycle is computed by applying the monthly Periodic Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accountsaverage daily balance of Cash Advances, set forth which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the Initial Disclosure provided to youbilling cycle. VISA 2 – 12.9% APR Your account will be subject Each daily balance of Cash Ad- vances is determined by adding to the Monthly Periodic Previous Balance of Cash Advances at the beginning of the billing cycle any new Cash Advances posted to your Account, and subtracting any payments as received or credits as posted to your Account, not ex- cluding any unpaid FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to youCHARGE. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance (which includes Credit Purchases, Cash Advances and other Additional Charges) shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 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 previous statement closing date and on new Credit Purchases from the date of positing posting to your account 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 accountAccount, and subtracting any payments as received and credits as posted to your accountAccount, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchasesIf you are a Platinum Visa cardholder, cash advances and balance transfers in the your Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .58250.74% and corresponding cor- responding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts8.9%. If you are a Visa Classic card- holder, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account your Account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9that is charged based on your credit bureau score. The rates and terms are as follows: If your Credit Score is: Monthly Periodic Annual Finance Charge Percentage Rate 680 and above..........................................0.742% applicable 8.90% 640 to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided 679 ..................................................0.908% 10.90% 600 to you. VISA 3 – 16.99639 ..................................................1.075% APR Your account will be subject 12.90% 550 to the Monthly 599 ..................................................1.325% 15.90% 549 and below..........................................1.492% 17.90% The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your Account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for Cash Advances for a billing cycle is computed by apply- ing the monthly Periodic Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accountsaverage daily balance of Cash Advances, set forth which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the Initial Disclosure provided billing cycle. Each daily balance of Cash Advances is determined by adding to youthe Previous Balance of Cash Advances at the beginning of the Billing cycle, any new Cash Advances posted to your Account, and subtracting any payments as received or credits as posted to your account, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance (which includes Credit Purchases, Cash Advances and other Additional Charges) shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 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 previous statement closing date and on new Credit Purchases from the date of positing posting to your account 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 accountAccount, and subtracting any payments as received and credits as posted to your accountAccount, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Your Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that the statement. If you elect not to pay the entire New Balance 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 to the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits posted to your account, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or on from the first day of the billing cycle in which the Cash Advance is posted posed to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Finance Charge Rate of .58251.075% and corresponding ANNUAL PERCENTAGE RATE Annual Percentage Rate of 6.9912.90% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to by you. The Periodic FINANCE CHARGE Finance Charge on Credit Purchases is calculated as follows: A FINANCE CHARGE Finance Charge for will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 day grace period, a FINANCE CHARGE 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchasesbalance, 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 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 posted to your account, but excluding any unpaid FINANCE CHARGESFinance Charges. The Periodic FINANCE CHARGE Finance Charge on Cash Advances is calculated as follows: A FINANCE CHARGE Finance Charge will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE Finance Charge for a billing cycle is computed computer by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGESFinance Charges.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 posted to your account, but excluding any unpaid FINANCE CHARGES. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Your Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that the statement. If you elect not to pay the entire New Balance 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate 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 to the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits posted to your account, but excluding any unpaid FINANCE CHARGESFinance Charges. The Periodic FINANCE CHARGE on Cash Advances is calculated as follows: A FINANCE CHARGE will be imposed on Cash Advances from the date made or on from the first day of the billing cycle in which the Cash Advance is posted posed to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGES.

Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Finance Charge Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE Annual Percentage Rate of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to by you. The Periodic FINANCE CHARGE Finance Charge on Credit Purchases is calculated as follows: A FINANCE CHARGE Finance Charge for will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 day grace period, a FINANCE CHARGE 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 previous statement closing date and on new Credit Purchases from the date of positing 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. The FINANCE CHARGE Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchasesbalance, 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 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 posted to your account, but excluding any unpaid FINANCE CHARGESFinance Charges. The Periodic FINANCE CHARGE Finance Charge on Cash Advances is calculated as follows: A FINANCE CHARGE Finance Charge will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. The FINANCE CHARGE Finance Charge for a billing cycle is computed computer by applying the monthly Periodic Rate to the average daily balance, 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 is determined by adding to the Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received and any new Credit Purchases posted to your account, and subtracting any payments as received or credits as posted to your account, and subtracting any payments as received or credits as posted to your account but excluding any unpaid FINANCE CHARGESFinance Charges.