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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. The Margin will range from 7.24% to 14.24% based on an evaluation of each member's credit history and product type.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. The Margin will range from 5.74% to 14.24% based on an evaluation of each member's credit history and product type.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. The Margin will be 10.24% based on an evaluation of each member's credit history and product type.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. We add 1.00% to the Prime Rate for the Share Secured Visa, not to exceed 5.00% above the current rate on the Regular Share Accounts. We add 1.00% to the Prime Rate for the Money Market Share Secured Visa, not to exceed 5.00% above the lowest Money Market tier rate.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. We add 0.00% to the Prime Rate for the Classroom Supply Visa.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

1. Responsibility: If we issue a card, you agree to repay all amounts advanced to you, any fees or charges and the FINANCE CHARGE arising from the use of the card and the card account. For example, you are responsible for charges made by yourself, your spouse, minor children and anyone else to whom you give the card. You may request additional cards for individuals you designate as authorized users. You are responsible for repaying all amounts advanced to such authorized users, any fees or charges and the FINANCE CHARGE arising from their use of the card. If you notify us that someone you have given your card to is not authorized to use it anymore, we will cancel the authorized user's card. You will remain liable for the charges they make until the time we cancel the card.

You cannot disclaim responsibility for authorized transactions by notifying us, but we will close the account to new transactions if you so request. If more than one person signs the application for the card, each agrees to be individually and jointly responsible for paying all amounts owed under this Agreement. Your obligation to pay the account balance continues even though an agreement, divorce decree or other court judgments to which we are not a party may direct you or another person responsible to pay the account.

2. Lost Card Notification: If you believe the card has been lost or stolen, you should immediately call the Credit Union during business hours at 410-272-4000 or toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or contact us in writing at: APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001.

3. Liability for Unauthorized Card Use: You may be liable for the unauthorized use of your card. You agree to notify us immediately in the event of the loss, theft or possible unauthorized use of your card by telephone at 410-272-4000 or toll-free at 1-800-225-2555 during business hours (or toll-free at 1-800-543-5073 after business hours) or by writing APG Federal Credit Union, P.O. Box 1176, Aberdeen, MD 21001. You will not be liable for any unauthorized use of the card that occurs after you notify us.

Under Visa's "zero liability" policy, you will generally have no liability for the unauthorized use of your card (including online and offline use of the card) after its loss or theft and before you notify us. If there is an exception to the Visa “zero liability” policy (such as, if you are grossly negligent in handling your card or card number, or unreasonably delayed in reporting unauthorized use of your card, or if the card transaction is not processed by Visa), you may be liable for up to $50 for the purchases and/or cash advances made by anyone who used your card without your permission before you notify us.

This Section 3 does not apply to unauthorized use of convenience checks. (See Section 15 below and also the important billing rights information near the end of this Agreement.)

4a. Credit Line: If we approve your application, we will establish a self-replenishing Line of Credit 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 Line. If the account balance exceeds the approved Credit Line you must immediately pay the excess upon our demand and (without demand) as part of the Minimum Payment due pursuant to Section 7 below for any monthly payment period that ends with an account balance greater than the approved Credit Line. Each payment you make on the account will restore your Credit Line by the amount of the payment which is applied to principal (provided that the payment reduces the total unpaid principal to an amount less than your approved Credit Line). You may request an increase in your Credit Line by written application, or telephone call to us toll-free at 1-800-225-2555, which must be approved by us. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

4b. Share Secured Credit Line: If you have applied for and we have approved your application for a Share Secured Credit Line, we will establish a self-replenishing Line of Credit for you equal in amount to the shares you have agreed to pledge in your pledged share account with us (the share savings or share money market savings account you identified for us in your application), and we will notify you of the pledged share account number and the total pledged shares in the Visa Credit Card Approval Letter when we issue the Share Secured Credit Card. The total pledged shares will equal your approved Credit Line. We will place a hold on all pledged shares in an amount equal to the approved Credit Line, and withdrawals and transfers from the pledged share account will be limited to funds that are not subject to any hold. You may not transfer or withdraw any pledged shares from your pledged share account for as long as you owe us any amounts in connection with your Share Secured Credit Line (regardless of whether we have revoked your card, you have surrendered your card, or you or we have terminated your Line of Credit).

Section 4a above also applies to a Share Secured Credit Line. In addition to Section 4a above, you agree to not transfer, assign, or pledge your pledged share account to anyone else without our prior written consent (which we may withhold in our discretion). Your approved Credit Line may not be greater than your total pledged shares. If for any reason your total pledged shares fall below your approved Credit Line, we will reduce your Credit Line so that it remains equal to your total pledged shares without giving you prior notice. We also may refuse to make an advance if the amount of pledged shares falls below your approved Credit Line, and we may terminate your account if the pledged share account is closed or becomes the subject of any third-party claim. (See also Section 14a below). If you request an increase in your Credit Line (as described in Section 4a above), we will not approve the increase unless you pledge additional shares equivalent to the increase in the Credit Line.

Your agreements in this Section 4b concerning your pledged share account are separate from and in addition to provisions in the "Security Interest" Section near the end of this Agreement. Your pledged share account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure.

4c. Cash Advances: Cash advances are a feature of your card. Cash advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and convenience check transactions. Convenience checks are checks that may be issued from time to time at APGFCU’s discretion as an additional means of accessing your account. (Please see Section 15 below for more information about convenience checks.)

APGFCU reserves the right, at its sole discretion, to classify a transaction as a cash advance or a purchase for all purposes under this Agreement (including without limitation Sections 9 and 24 below) based on merchant and/or transaction category codes and/or other codes or information provided in connection with a transaction. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash advances (except for convenience check transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

4d. Balance Transfers: Balance transfers are a feature of your card, which you may access at any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as cash advances for the purpose of this agreement and will be subject to your standard cash advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge). Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Checking Overdraft Protection: This Visa Credit Line also allows you to enroll the Visa Credit Line for overdraft protection transfers if your enrolled APGFCU checking account becomes overdrawn for any lawful purpose except for payment to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us. If you choose to enroll the Visa Credit Line for overdraft protection transfers, you understand that anyone who is authorized to make withdrawals or transfers from your enrolled APGFCU checking account may access your Visa Credit Line by creating an overdraft. We will credit to your enrolled checking account, in multiples of $50, an amount (the overdraft protection transfer) sufficient to permit us to honor a check or other withdrawal or transfer (except for payments to this Visa Credit Card account or any other APGFCU credit card or loans you may have with us) for which there would otherwise not be sufficient available funds. Such overdraft protection transfers are considered by us as cash advances and are subject to the terms and conditions concerning cash advances in this Agreement, except that overdraft protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU checking account, and not the Cash Advance transaction fee. Only one Visa Credit Card Protection Fee will be imposed on your enrolled APGFCU checking account on any day we make one or more overdraft protection transfers from your Visa Credit Line. Overdraft protection transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

Your enrolled APGFCU checking account is also subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

6. Credit Information: You authorize us to investigate your credit standing including your ability to pay, obtain and verify credit reports and other information about you when opening, renewing or reviewing your account, and you authorize us to disclose information regarding your account to credit bureaus and other creditors who inquire of us about your credit standing, subject to applicable law.

You agree that we will give information about the account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with any terms of this Agreement. This may have a negative impact on your credit report. We may choose in our sole discretion to report information about the account in the name of an authorized user (see Section 1 above), to the extent allowed by law.

7. Monthly Payment: We will mail you a statement every month showing your Previous Balances of purchases, cash advances and balance transfers; the current transactions on your account; the remaining credit available under the Credit Line; the new balances of purchases, cash advances and balance transfers (each a "New Balance"); the total new balances of purchases, cash advances and balance transfers (the "Total New Balance"); the FINANCE CHARGE due to date; any other billed fees; and the Minimum Payment required. Each month, you must pay at least the Minimum Payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You may (but are not required to) authorize us to charge the Minimum Payment automatically to your designated share account with us. You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the periodic FINANCE CHARGE (interest) by doing so.

The Minimum Payment on your account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess without our demand.

Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

8. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

9. Finance Charge: You can avoid periodic FINANCE CHARGE (interest) on purchases by paying the full amount of the Total New Balance each month by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic FINANCE CHARGE (interest). Cash advances, balance transfers, and convenience checks are always subject to periodic FINANCE CHARGE from the date they are posted to your account (unless a promotional APR offer applies).

FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances (including any applicable balance transfers and convenience checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10a. Non-Variable Rate APR: Your Annual Percentage Rate and daily periodic rate (see Section 9 above) are provided in your Visa Credit Card Approval Letter (the “stated rate”). This stated rate is subject to change. We may modify this stated rate only after providing you with written notice at least forty-five (45) days in advance. Any change in these terms, including changes in the Annual Percentage Rate, will apply to your future transactions. (See also Section 21 below.) Your Annual Percentage Rate may also change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

10b. Variable APRs Based on Prime: For our variable rate cards, your Annual Percentage Rate is based on the U.S. Prime Rate (“Prime Rate”). Your Annual Percentage Rate will equal the Prime Rate plus a margin. If the Prime Rate increases, it will cause the Annual Percentage Rate to increase. If the Prime Rate decreases, it will cause the Annual Percentage Rate to decrease. Your periodic FINANCE CHARGE (interest) for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your Annual Percentage Rate with a corresponding change in your daily periodic rate. For each monthly billing period, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an Annual Percentage Rate to change, we put the new Annual Percentage Rate into effect as of the first day of the billing period following the month in which the Prime Rate changed. We apply the new Annual Percentage Rate to any existing balance, subject to any promotional rates that may apply and subject to Section 9 above.

For Platinum Preferred Student/Starter, Platinum Preferred and Platinum Preferred Rewards Visa cards, the margin is determined based on an evaluation of each member’s credit history and is provided in your Visa Credit Card Approval Letter, together with your initial Annual Percentage Rate and initial daily periodic rate. The margins will range from 5.74% to 14.24% based on product type. For the Classroom Supply Visa, the margin is 0.00%. For the Share Secured and the Money Market Share Secured Visa cards, the margin is 1.00%.

If your Visa credit line is secured by a Regular Share account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU dividend rate on Regular Share Accounts, regardless of increases to the Prime Rate. If your Visa credit line is secured by a Money Market Share Account, the maximum Annual Percentage Rate will not exceed 5% above the current APGFCU tier for the lowest Money Market tier rate, regardless of increases to the Prime Rate. For all other variable rate cards, the Annual Percentage Rate will not increase to more than 18% (or such other rates as may be permitted under the Federal Credit Union Act), regardless of increases to the Prime Rate.

Your margin and Annual Percentage Rate may change in the event that you request and are approved for an increase or decrease in your Credit Line or request and are approved to change your credit card product.

11. Military Lending Act: 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 or debt protection fees; 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). To receive this notice verbally, please call us toll-free at 1-800-225-2555 24 hours a day, seven days a week.

Certain contractual provisions, as more fully set forth in 32 C.F.R. Section 232.8, are not permitted in loan agreements with borrowers covered by the Military Lending Act (MLA). To the extent that any of those provisions are contained in these disclosures, they shall be inapplicable to covered borrowers under the MLA.

12. Late Charge: If you fail to pay the minimum on your account within fifteen (15) days of the payment due date, a late payment charge will be assessed and added to your account, as described in the accompanying Disclosure.

13. Fees: The Visa Card account shall be subject to service charges in accordance with the rate schedules disclosed in the Visa Credit Card Application, Visa Credit Card Approval Letter, and/or Visa Credit Card Disclosure Statement and Agreement. If you request photocopies of sales slips, duplicate copies of monthly statements or a replacement card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we’ll mail a copy to you.

14a. Default: You will be in default if you fail to make the minimum payment by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). You will also be in default if: (a) you breach any other conditions of the Agreement; (b) bankruptcy or insolvency proceedings are started by you or against you; (c) if we determine your creditworthiness (which includes your ability to repay us) has become unsatisfactory due to change in employment, increase in your other obligations, or because of any other reason; (d) in the event of your death; (e) your use of the card in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; (f) we discover at any time that you provided false or fraudulent information in your credit application; or (g) (for Share Secured Credit Lines) your pledged share account is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third-party claims.

In the event of any default or in the event the Line of Credit is terminated by you or by us for any reason, the entire balance on the Account will be due and payable in full upon our demand. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

14b. Penalty APR: The Penalty APR may be applied to your account if you:

• Are over sixty (60) days past due or
• Make a payment that is returned and causes your account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your account, it will apply to both existing and new transactions. It will no longer apply to the account if you make the next six (6) consecutive minimum payments on time. If you do not make these six (6) consecutive minimum payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

15. Using the Card: You must sign your card to use it. To make a purchase or cash advance, there are two alternative procedures to follow. One is for you to present the card to a participating Visa plan merchant, to us or to another financial institution. You may be required to sign the sales or cash advance draft. The other is to complete the transaction by using your Personal Identification Number (PIN) in conjunction with the card in an Automated Teller Machine (ATM) or other type of electronic terminal that provides access to the Visa system. ATM transactions are subject to cash advance fees (See Section 4c above).

The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were made, but sales, cash advances, credit or other slips cannot be returned with the statement. You should retain the copy of such slips furnished at the time of the transaction in order to verify the monthly statement. The Credit Union may make a reasonable charge for photocopies of slips you may request (See Section 13 above). 

We may issue Visa Convenience Checks to you which may be used to obtain cash advances. Each Convenience Check will contain your Credit Union member number and may be used only by the person whose name is printed on it. Each must be completed and signed in the same way as a regular personal check. You may not use a Visa Convenience Check to pay any amount owed to us on this credit card agreement or any other APGFCU credit card or loans you may have with us.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

If you give your account number to make a purchase or obtain a cash advance without presenting the card (such as for online, mail order or telephone purchase), the legal effect will still be the same as if the card itself was used by you.

We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

16. Prohibited Use of the Card: You may not use your card to place bets or gamble if these transactions are made online. You agree to use the account and cards exclusively for lawful personal, family or household purposes, and not for any business, commercial, agricultural or organizational purposes or for other purposes prohibited by this Agreement. You may not use your card for any illegal transactions. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU's election.

If you believe a Convenience Check has been lost or stolen, you should immediately notify us by calling or writing to us that the telephone number(s) or address in Section 2 above. Please also see Section 17 below.

17. Stop Payment: If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 2 above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

18. Returns and Adjustments: Merchants and others who honor the card may give credit for returns or adjustments, and they will do so by sending us a credit which will be posted to your account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against future purchases and cash advances, or refund it and transfer the credit balance to your share account.

19. Foreign Transactions: Purchases, cash advances and balance transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to dollars and the fees for all international transactions will be in accordance with the operating regulations of Visa USA, Inc. The exchange rate between the foreign transaction currency and U.S. dollars will be 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 or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee (a non-interest Finance Charge) equal to 1% of the transaction amount in U.S. dollars, regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have originated by you in the U.S., but are processed by a foreign merchant, are subject to this foreign transaction fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

20. Merchant Disputes: We are subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the card (but not with a convenience check or any other type of cash advance), up to the amount of credit outstanding for the disputed goods or services and any Finance Charge or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant, and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current mailing address. You must resolve any other disputes you may have with merchants concerning the quality of goods or services you have purchased with the card or account directly with the merchants.

21. Effect of Agreement: This Agreement is the contract that applies to all transactions of your account even though the sales, credit, or other slip or draft, cash advance, balance transfer or convenience check you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you advance written notice if and as required by law. The Amendment will become effective on the effective date stated in the notice. Use of your card or account after receiving notice of a change will further evidence your agreement to the change. If you give us written notice that you do not agree to the change, we will terminate your account and you will be permitted to pay the outstanding balance as of the effective date under the terms of the Agreement governing your account at the time our notice was given. If you use your card or account after the effective date of this Agreement or any Amendment, you will be considered to have agreed to the new terms even if you have sent us such written notice. To the extent the law permits, and if and as we indicate in our notice, amendments will apply to your existing account balance as well as future transactions.

22. Notices: We mail you statements and notices through the U.S. Mail, postage prepaid, and address them to you at the latest billing address in our records or, if you've agreed, by email to the address you gave us. Any notice that we send you through the U.S. Mail is deemed to be given when deposited in the U.S. Mail. We consider an electronic notice sent as soon as we email it unless we receive notification that the email was undeliverable. You must notify us immediately if you change the billing address to which we send monthly statements and other notices. If you have more than one account you must notify us and we will change the billing address on all accounts. We may update your billing address if we receive information that it has changed or is incorrect.

23. No Waiver: The Credit Union can delay enforcing any of its rights any number of times without waiving them.

24. Reward Points: For those cards that earn reward points, your card may be associated with a bonus points or similar rewards program. Your participation in such a rewards program is subject to the particular rewards program’s terms and conditions (the “Program Rules”). Your use of the card associated with the rewards program is your consent to be bound by the Program Rules. The Program Rules may, from time to time, be modified or amended, including but not limited to discontinuing particular rewards or discontinuing the rewards program itself. The latest edition of Program Rules will typically be provided with the associated Card or otherwise made available to you, for example, by visiting a particular internet address. We will provide a copy of such Program Rules upon request. If you close your account and/or membership, you will forfeit all rewards points earned but not yet credited. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE CONDITION, QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY GOODS OR SERVICES PURCHASED WITH BONUS POINTS OR SIMILAR REWARDS, AND WE WILL HAVE NO LIABILITY FOR ANY DEFECTS IN SUCH GOODS OR SERVICES OR FOR ANY DAMAGES RESULTING FROM THEIR USE.

25. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

26. Security Interest: You acknowledge and pledge, as a condition of your use of the APGFCU credit card, that you have voluntarily granted APGFCU a security interest in all of your individual and joint shares, share draft and share certificates now or in the future held at APGFCU. If your credit card loan becomes delinquent, this security interest may be used without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh, or similar tax-deferred account. In addition, you acknowledge that the Federal Credit Union Act (12 U.S.C. 1757 (11)) secures all amounts owed APGFCU for use of this credit card by you or any authorized user and may be applied upon default against any of your shares, share draft or share certificate account balances without further notice to pay all or any part of such delinquency. This security interest does not apply to shares in an IRA, Keogh or similar tax-deferred account.

27. Governing Law: This Agreement is governed by federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, without regard to conflict of law or choice of law provisions. Solely to the extent Maryland law might be applicable to this Agreement, this Agreement shall be governed by the Maryland Commercial Law Article, Title 12, Subtitle 9 (the credit grantor revolving credit provisions).

Your Billing Rights: 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

In your letter, give us the following information:

• Account information: Your name and account.
• Dollar amount: The dollar amount of the suspected.
• 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 sixty (60) days after the error appeared on your statement.
• At least three (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 thirty (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 ninety (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:

• 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.
• 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 ten (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:

• 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 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.)
• 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.
• 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:

APG Federal Credit Union
P.O. Box 1176, Aberdeen, MD 21001

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.

Automatic Payment Transfers
If you have authorized us to pay your credit card bill automatically from your Share or Checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

If you enroll the Visa Credit Card Line for overdraft protection advances (see Section 5 of this Agreement):
Your enrolled APGFCU checking account is subject to the APGFCU "Terms and Conditions of Your Account" disclosure (including without limitation terms and conditions for when transactions may create overdrafts in the checking account, and how to resolve errors or questions about transactions on your checking account statement).

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

Billing Rights: Information on your right to dispute unauthorized transactions is provided in Section 18 of your account agreement.

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your monthly statement billing cycle, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. The Margin will range from 7.99% to 14.24% based on creditworthiness.

Security Interest: You agree to give APGFCU a purchase money security interest in any goods purchased with your account and in share and deposit accounts maintained with APGFCU. Collateral securing other loans you have with us may also secure your account.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure was printed and accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

2. Definitions: “Account” means the Business Visa Cash Back Credit Card line of credit established with APGFCU pursuant to this Agreement.

“Applicable Law” means federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, the credit card Issuer.

“Application” means the oral, written or electronically submitted application completed by the Business to request APGFCU extend credit to the Business under the Account and issue a Card based on information you supplied and on which we relied.

“Authorized Officer” means the individual who has authority to bind the Business to the terms of this Agreement. The individual may be a Principal Owner of the Business or an individual duly authorized by Business Resolution or other authorizing documentation to sign on behalf of the Business.

“Authorized User” means any person you permit to use your Account or who has apparent authority to do so.

“Business” means the person or entity for which the Account is being opened.

“Business Days” means days of the week excluding Saturdays, Sundays and federal holidays.

“Card” means the Credit Card or Cards, and any duplicates or renewals, issued by APGFCU for use by the Business or Authorized Users in connection with the Account.

"Cash Advance" includes without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the Account), and Convenience Check transactions.

“Convenience Checks” or "Checks" means the Convenience Check or Checks that may be issued from time to time at APGFCU’s discretion as an additional means of Account access.

“Credit Limit” means the maximum amount of Debt that can remain outstanding and unpaid at any time in any Business Visa Cash Back Credit Card Account.

“Debt” means all amounts charged to a Business Visa Cash Back Credit Card Account, including Purchases, Cash Advances, Balance Transfers, Finance Charges and Other Charges and Fees.

“Guarantor” means the individual or Principal Owner who unconditionally guarantees and promises to pay the amount due on your Account even if no demand for payment is first made to you.

"Principal Owner" means any person identified in the Application as directly or indirectly owning 20% or more of the Business.

“Holder”, “you” or “your” means the Business, Principal Owner and Guarantor jointly and severally.

“Issuer”, “Credit Union”, "APGFCU", “we” or “us” means Aberdeen Proving Ground Federal Credit Union, with its home office in Edgewood, Maryland.

3. Authorization: By submitting an Application for an APGFCU Business Visa Cash Back Credit Card, you agree that you are at least 18 years old, you are a U.S. citizen or permanent resident, you have a valid social security number, you have the authority to legally bind the Business for the purposes of applying for an Account and entering into the Agreement, and that all information you have provided to APGFCU on the Application or any other document is true and complete. You agree that the Account and Cards will be used exclusively for lawful business, commercial, agricultural or organizational purposes and not for personal, family or household purposes. You authorize us to obtain your credit and employment histories, and agree that we may, at any time, obtain credit reports or any other information we feel is necessary in connection with your Application or any audit, review, update, quality control, renewal, extension or collection of any credit extended as a result of your Application. You certify that the submission, delivery, and performance of the Application you submitted have been authorized by all necessary corporate or other action by the Business, and will provide evidence of such action promptly upon request. In addition, you understand that if you ask, we will tell you if a credit report was requested, and, if so, the name and address of the credit reporting agency furnishing it. To request this information, you should write to APGFCU, Attn: Business Banking Department, P.O. Box 1176, Aberdeen, Maryland 21001 or call 1-410-272-4000 ext. 2377.

You acknowledge that all of the terms provided in this Agreement are subject to change, at our discretion, at any time, and agree that if we accept your Application, you will comply with all of the terms contained in this Agreement and any additional or supplemental terms that we provide to you.

4a. Individual Liability: You understand that by signing and submitting an Application as a Principal Owner who directly or indirectly owns 20% or more of the Business, you agree to be personally responsible for payment of all balances incurred on all Cards and Account(s) issued pursuant to the Application now or whenever any additional Accounts may be established in the future for the Business. (See also #6 and #8 below.) You must notify us and allow us reasonable time to act on a closure request if you wish to close the Account and prevent further usage. You remain responsible for payment of all balances incurred on all Cards and Account(s) before any such closure (including any such balances that remain outstanding and unpaid after any such closure).

4b. Business Liability: The Business is jointly and severally liable with you for payment of all balances incurred on all Cards and Accounts issued pursuant to this Application now or whenever any additional Accounts may be established in the future. If the Business is identified as a Not-for-Profit organization at the time of applying for the Account, you represent that you are applying as a legally authorized representative of the Business and not as an individual applicant or guarantor. If the Business is a Not-For-Profit organization, the Business is liable for all amounts due on the Account(s) in accordance with this Agreement.

4c. Balance Transfers: Balance transfers are a feature of your card, which you may access any time or during promotions we may offer from time to time. You may transfer credit card and certain other loan balances from other creditors up to your available credit limit. Balances you transfer from other creditors will be treated as Cash Advances for the purpose of this Agreement and will be subject to your standard Cash Advance APR unless a promotional APR applies. Balance transfers are also subject to the Cash Advance transaction fee described in the accompanying Disclosure unless a promotional offer applies. (This transaction fee is a non-interest Finance Charge.) Any balance transfer promotional offers will describe the terms and conditions of the offer. Balance transfers may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us. If you transfer your balances you may lose your Finance Charge grace period on purchases. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a balance transfer.

5. Business Visa Credit Line and Credit Limit: If approved for a Business Visa Cash Back Account, the Credit Union will establish a self-replenishing line of credit and notify you of your assigned Credit Limit. You agree that your assigned Credit Limit is the maximum amount of Purchases, Cash Advances, Balance Transfers, Finance Charges and any Other Charges and Fees (see #9, #11 and #12) you will have outstanding on your Account at any given time. If you are ever over your Credit Limit, you must pay the amount you are over before payments will begin to restore your Credit Limit. You may request an increase to your Credit Limit in person, by phone, in writing or by electronic mail. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

6. Using the Account, Card, Convenience Checks and Cash Advances: Before using the Card, each Cardholder who is issued a Card under this Account must sign the Card immediately upon its receipt. If you do not sign the Card, you will still be obligated to pay any and all amounts incurred on the Account. The Card may only be used during its validity period, which is printed on the Card.

By requesting, signing, keeping, using or authorizing an employee to use the Account, Card and/or Convenience Checks we issue to you, you agree to accept the terms of this Agreement.

If you are a Principal Owner obtaining an Account for your Business, you agree to the terms of this Agreement in your personal capacity as well as your capacity as an officer or owner authorized to bind the Business to this Agreement.

Cash advances are a feature of your card. Cash Advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and Convenience Checks transactions. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash Advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash Advances (except for Convenience Checks transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

You and any Authorized Users may use the Account for Purchases made in person, by phone, mail or the Internet, from anyone who accepts the Card. In addition, you may obtain Cash Advances from APGFCU, other applicable financial institutions and third parties participating in the Visa program and select Automated Teller Machines (ATMs) capable of providing access to the Visa system. You will need to use your Personal Identification Number (PIN) we furnish to obtain a Cash Advance from an ATM. You agree to keep the PIN confidential. You also agree that use of the PIN and Card to make a Purchase or obtain a Cash Advance constitutes your signature for purposes of such transactions.

If you give your Account number to make a Purchase or obtain a Cash Advance without presenting the Card (such as for a mail order or telephone or Internet purchase) the legal effect will still be the same as if the Card itself was used by you.

We make no representation that any particular person, entity or ATM will accept the Card for a Purchase or Cash Advance. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

You may not use the Card for any illegal purpose or to initiate any type of electronic gambling transaction through the Internet. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU’s election.

We may supply you with Convenience Checks from time to time. You may use these Checks to draw from your available line of credit on your Account. A Convenience Check drawn on your Account is a loan from APGFCU. You will owe us for the amount of the Convenience Check plus the applicable Finance Charge from the date of the transaction. All Convenience Checks are processed as Cash Advances under this Agreement and are treated as such, except that Convenience Checks are not subject to the Cash Advance transaction fee described in the accompanying Disclosure. We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

7. Business Checking Overdraft Protection: If you have requested your Account be used to provide Overdraft Protection for a Business Checking Account maintained with APGFCU, funds may be transferred from your Account to the Business Checking Account in accordance with the “All About Your Accounts” disclosure governing your Business Checking Account. All funds will be transferred in increments of $50 and are processed as a Cash Advance under this Agreement and are treated as such, except that Overdraft Protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU Business Checking Account (only one such transfer fee will be imposed on any day we make one or more Overdraft Protection transfers). The Visa Credit Card Protection Fee is subject to change. Overdraft Protection transfers are loans by us to you. You will owe APGFCU for the amount of such transfers plus the applicable Finance Charge and transaction fee. You understand that anyone who is authorized to make withdrawals from the Business Checking Account may access your Business Visa or Share Secured Business Credit Card Account through Overdraft Protection. Overdraft transfers may be made for any lawful purpose except for payment to a Business Visa or Share Secured Business Credit Card Account. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

8. Responsibility: You agree to pay all Purchases and Cash Advance charges made to your Account by you or anyone you authorize to use your Account. You also agree to pay all Finance Charges and any Other Charges and Fees added to your Account under the terms of this Agreement. Your obligation to pay the amount owed on your Account continues until paid in full, even though an agreement, business dissolution or court judgment to which APGFCU is not a party may direct someone else to pay the Account balance. If more than one person signs the Application for this Account as a Principal Owner, each will be individually and jointly responsible for paying all amounts owed under this Agreement. The Principal Owner who obtains the Account for the Business is also a Guarantor and is personally responsible for all amounts owed on the Account. This means that APGFCU can require some or all Guarantors together or individually to repay the entire amount owed under this Agreement.

9. Finance Charges: You can avoid periodic Finance Charges on purchases by paying the full amount of the total new balance each month (“Total New Balance”) by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the Total New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic Finance Changes. Cash advances, balance transfers, and convenience checks are always subject to periodic Finance Charges from the date they are posted to your account (unless a promotional APR offer applies).

Finance Charges are calculated on the average daily principal balances of purchases and Cash Advances (including any applicable Balance Transfers and Convenience Checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10. Variable APRs Based on Prime: Your variable Annual Percentage Rate (“APR”) is based on the U.S. Prime Rate (“Prime Rate”). Your variable APR will equal the Prime Rate plus a margin. The margin for a Business Visa Cash Back Account will be based on an evaluation of the credit history of the Business and each Principal Owner and Guarantor, and may also depend on the credit limit. If the Prime Rate increases, it will cause the variable APR to increase. If the Prime Rate decreases, it will cause the variable APR to decrease. Your Finance Charge for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your variable APR with a corresponding change in your daily periodic rate. For each billing cycle, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an APR to change, we put the new APR into effect as of the first day of the billing cycle following the month in which the Prime Rate changed. We apply the new APR to any existing balance, subject to any promotional rates that may apply.

11. Late Charge; Returned Payments: In addition to the continued accrual of the Finance Charges at the daily rate, if you fail to pay at least the Minimum Payment within fifteen (15) days after it is due, we may assess a late charge of up to $25. If you make a payment that is returned unpaid, we may assess a returned payment charge of up to $20.

12. Other Fees: If you request photocopies of sales slips, duplicate copies of Monthly Statements or a replacement Card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we will mail you a copy.

13. Monthly Payment and Allocation: You promise to pay all amounts you owe on your Account, including without limitation any Finance or Late Charges. When you receive your Monthly Statement you may pay the full amount due or some lesser amount, but the least you may pay is the minimum payment amount due.

The Minimum Payment on your Account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on your prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Limit, you must immediately pay the excess upon our demand.

Subject to applicable law, we will apply payments first to previously billed and unpaid Finance Charges on Purchases, then to any Other Charges and Fees due, then to Cash Advances, whether or not billed on the Monthly Statement, then to Balance Transfers, then to previously billed Purchases. However, any payment equal to or greater than the Previous Balance will be applied first to previously billed and unpaid Purchases and any Finance Charge thereon to reduce the continuing accrual of Finance Charges on previously billed Purchases. Subject to the foregoing, Purchases, Cash Advances and Balance Transfers will be paid off in the order they were posted to your Account. If two or more Purchases were posted on the same day, your payment will be applied to the smaller one first.

14. Irregular Payments; Stop Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

If before a Balance Transfer or Convenience Check drawn on your Account has been honored, you notify us not to pay it, we will use reasonable efforts to stop payment on the check. You must notify us of your stop payment request by calling or writing us at the telephone number(s) or address in Section 3 (Authorization) above. You agree that we need at least one business day after we receive your request to process your request. Your stop payment request must include the number, payee, amount, and date of the check on which payment is to be stopped. If you make your request by telephone, we may disregard any such telephone request fourteen (14) days after our receipt unless you confirm your request in writing within that 14-day period. If you make or confirm your request in writing, we may disregard any such written request six (6) months after our receipt unless you renew your request in writing.

15. Security Interest: You grant the Credit Union a purchase money security interest under the Uniform Commercial Code in any goods you purchase through your Account. You agree that all collateral the Business has given the Credit Union to secure other Business loan obligations, in the past and in the future, will secure your obligations under this Agreement. In addition, you agree this Account is also secured by all individual and joint shares and deposits, present and future, and all other accounts (except Individual Retirement Accounts or any other account that would lose special tax treatment under state or federal law if given as security) of the Business and of any Principal Owner or Guarantor that are maintained with the Credit Union, even though we may agree to allow transactions (including withdrawals and funds transfers) to continue to occur from such accounts. You agree, upon default, the Credit Union may apply any and all security to pay any amounts due under this Agreement, without further notice to you.

16. Default: You will be in default if a) you fail to make any minimum payment or other required payment by the date it is due; b) you breach any other condition of this Agreement; c) you are a natural person and you die; d) you are a Business and you cease to exist; e) you are a Business and you change your legal structure so that the person obligating the Business to this Agreement is no longer authorized to bind it to legal agreements; f) bankruptcy or insolvency proceedings are started by you or against you; g) you make any false or misleading statements in any credit application or credit update; h) you have an attachment or garnishment proceeding initiated against you or any of your property; i) something happens that APGFCU believes may substantially reduce your ability to repay what you owe; or j) you use or attempt to use the Card or Account in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law.

In the event of any default or in the event this Agreement is terminated by you or by us for any reason, the entire balance on the Account becomes due and payable forthwith. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

17. Penalty APR: The Penalty APR may be applied to your Account if you:

• Are over sixty (60) days past due; or
• Make a payment that is returned and causes your Account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your Account, it will apply to both existing and new transactions. It will no longer apply to the Account if you make the next six (6) consecutive minimum payments on time. If you do not make these payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

18. Lost or Stolen Cards/Liability for Unauthorized Use: You (including any Cardholder) must notify us orally or in writing immediately of the loss, theft or possible unauthorized use of the Account, Card or Checks. You and Business are not liable for unauthorized Transactions made by using the Account, Card or Checks after you duly notify us of loss, theft or suspected unauthorized use of the Account, Card or Checks and allow us a reasonable amount of time to act on your notice. Under Visa Rules, you will generally have no liability for the unauthorized use of any Card after its loss or If there is an exception to the Visa “zero liability” operating rule, such as, if you or a Cardholder are grossly negligent in handling your Card or Card number, or if the Card transaction is not processed by Visa, your maximum liability is $50. You can notify us during business hours at 410-272-4000 or call toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or in writing at: APGFCU, P.O. Box 1176, Aberdeen, MD 21001.

You and Business agree to assist us in determining the facts, circumstances and other pertinent information relating to any loss, theft or suspected unauthorized use of a Card, Check, or the Account and comply with such procedures as we may require in connection with our investigation, including assisting in the prosecution of any unauthorized user.

19. Changing or Terminating Your Account or Authorized Users: APGFCU may change the terms of this Agreement (including without limitation how the variable APR and Cash Back awards are determined) from time to time after giving you advance notice if and as required by law. Your use of the Card or Account after receiving notice of 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 you or APGFCU may terminate this Agreement at any time, but termination by you or APGFCU will not affect your obligation to pay the Account balance plus any Finance Charges and Other Charges and Fees you owe under this Agreement. APGFCU has the right to require you to pay your full Account balance at any time after your Account is terminated whether it is terminated by you or APGFCU.

Termination shall also be binding on each Authorized User. You are responsible for all transactions made to your Account after termination unless the transactions were unauthorized and you followed the guidelines in #18 above.

If you are a Business (incorporated or unincorporated) or organization or association, you agree to notify us in writing within ten (10) days of any change in your legal structure or any change in your owners (including Principal Owners), officers (including Authorized Officers) or Authorized Users. You also agree to notify us promptly by phone, by electronic mail or in person of any change or termination of any Authorized User’s charging privileges or rights to access the Account.

20. Credit Review and Release of Information: You authorize the Credit Union to investigate and evaluate your Business and the Personal Credit Standing of all Principal Owners and Guarantors when opening or reviewing your Account and agree to immediately notify us in writing should there be an adverse change in your credit or their financial condition. You further agree that the information you provide to us on your Application may be re-investigated or re-evaluated at any time. We may request updated credit bureau reports and may or may not ask you to provide annual financial statements, tax returns or other credit-related information. You authorize the Credit Union to disclose information regarding your Account to credit bureaus and creditors who inquire about standing.

21. Foreign Transactions: Purchases, Cash Advances and Balance Transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to U.S. dollars and the fees for all international transactions will be made in accordance with the operating regulations of Visa U.S.A., Inc. The exchange rate between the foreign transactions to U.S. dollars will be a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate Visa itself receives or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee equal to 1% of the transaction amount in U.S. dollars regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have been originated by a Cardholder or Authorized User in the U.S., but are processed by a foreign merchant, are subject to this fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

22. Merchant Disputes: APGFCU is not responsible for the refusal of any merchant or financial institution to honor the Card. We may be subject to certain claims and defenses (other than tort claims) arising out of goods and services you purchase with the Card (but not with a Check or any other type of Cash Advance), up to the amount of credit outstanding for the disputed property or services and any finance or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current Account mailing address. You must resolve any other disputes you may have with merchants concerning the quality of property or services you purchased with a Card or the Account directly with the merchants.

23. Effect of Agreement: This Agreement is the contract that applies to all transactions on your Account, even though the sales, cash advances, balance transfers, credit or other slip you sign or receive may contain different terms. You agree to all the terms and charges contained in this Agreement. Captions and headings in this Agreement are for reference only and do not affect the interpretation of this Agreement. Unless the context specifically requires otherwise, references in this Agreement to a singular number include the plural, and references to a plural number include the singular.

24. No Waiver: APGFCU can delay enforcing any of its rights any number of times without losing these rights.

25. Notices: We will send statements and notices to you at the most recent address you have given the credit union. Notice sent to any one of you will be considered notice to all. You promise to notify us promptly in writing of any changes to your address.

26a. Cash Back Awards: Your APGFCU Business Visa Cash Back rules and important terms associated with the use of the Card and Account and payment of Cash Back awards, including provisions related to eligible transactions and other important conditions and limitations are detailed below.

You must be an individual and use the Account only for business and expenses. Your Account must be open and in good standing to earn Cash Back awards. (See also #26b.) Signing, accepting or using the Card or Account, constitutes acceptance of these terms and conditions.

Cash Back awards have no cash value or value of any kind until they are deposited by APGFCU into the Business share account as dollars earned. The Business is solely responsible for any taxes that may be owed as a result of receiving Cash Back awards.

You may earn 1.5% Cash Back awards for each one dollar ($1.00) of new retail purchases less credits, returns and adjustments (“Net Purchases”) posted to the Account in a Monthly Statement billing cycle. Earned Cash Back awards will be posted to the Business share account on the next business day following the end of a Monthly Statement billing cycle.

Cash Back awards scheduled to be paid to the Business share account for Net Purchases posted in a Monthly Statement billing cycle will be disclosed on the Monthly Statement for the applicable billing cycle. There is currently no minimum or maximum Cash Back award the Business may earn. Cash Back awards earned will be paid in U.S. Dollars and rounded to the nearest cent. Account adjustments, returns, credits, and billing or merchant disputes may affect the amount of any Cash Back award paid.

Cash Advances, Balance Transfers, Finance Changes and any Other Charges and Fees, and disputed or unauthorized/fraudulent transactions are not considered eligible purchases and will not earn Cash Back awards. APGFCU reserves the right, at its sole discretion, to disqualify any Account transaction for Cash Back award purposes, based on merchant and/or transaction category codes and/or other codes or information provided in connection with an Account transaction.

APGFCU also reserves the right, at its sole discretion, to disqualify any Account from earning and receiving Cash Back awards, and to require an Account to forfeit any and all Cash Back awards earned but not yet paid for any violation of this Agreement or if for any reason the entire balance on the Account becomes due and payable. If you dispute any aspect of APGFCU's Cash Back awards determination or administration, including without limitation the amount of Cash Back awards earned or deposited, you must notify us in writing at APGFCU, P.O. Box 1176, Aberdeen, MD 21001, within sixty (60) days of the date of the first Cash Back Visa Account Monthly Statement to which the Cash Back award dispute relates, describing the reasons for your dispute. If we do not receive your written notice within this time frame, we will have no obligation to you to investigate or to adjust any error.

26b. Cash Back Restrictions or Forfeiture: You may not earn Cash Back awards during any Monthly Statement billing cycle in which any of the following occurs:

• Your Account is in default under your Agreement with us.
• You or any Authorized User engage in any fraudulent activity on this account.
• You engage in any illegal activity through the use of your account or engage in activity that is deemed to be abusive or gaming conduct, as determined by us in our sole discretion.
• You or we close or terminate your Account for any reason; all earned but not paid Cash Back awards will be forfeited.
• We may, at our sole discretion, cancel, modify, restrict or terminate the Cash Back awards program or any aspects of the Cash Back awards program at any time without prior notice. All interpretations of the APGFCU Cash Back award program rules shall be at our sole discretion. These Cash Back awards program rules and important terms do not apply to any other Visa product offered by APGFCU.

All APGFCU Cash Back award program information is subject to change at any time without prior notice.

27. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.

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

Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

Variable Rate Information: Variable APRs are based on the 7.50% Prime Rate as of 01/02/2025. Your APR may vary. Rates are determined and adjusted monthly, according to your statement cycle period, by adding a Margin to the Prime Rate published in The Wall Street Journal on the first business day of every month. We add 1.00% to the Prime Rate for the Share Secured Visa, not to exceed 5.00% above the current rate on the Regular Share Accounts. We add 1.00% to the Prime Rate for the Money Market Share Secured Visa, not to exceed 5.00% above the lowest Money Market tier rate.

Balance Transfers will be applied to your account and sent to your designated payee(s) ten (10) days after we open your new account. If you want to cancel or modify your balance transfer within the first ten (10) days of account opening, call toll-free at 1-800-225-2555. Please continue to make regular payments to your other account(s) until you know the balance has been paid.

This disclosure is accurate as of 01/02/2025 and is subject to change after that date. All loans are subject to credit approval. To find out what may have changed, or if you have any questions regarding this disclosure, call toll-free at 1-800-225-2555 or 1-800-811-4888 TTY.

2. Definitions: “Account” means the Business Visa or Share Secured Business Credit Card line of credit established with APGFCU pursuant to this Agreement.

“Applicable Law” means federal law and (only to the extent not preempted by federal law) the law of the state of Maryland, the location of the home office of APGFCU, and the credit card Issuer.

“Application” means the oral, written or electronically submitted application completed by the Business to request APGFCU extend credit to the Business under the Account and issue a Card based on information you supplied and on which we relied.

“Authorized Officer” means the individual who has authority to bind the Business to the terms of this Agreement. The individual may be a Principal Owner of the Business or an individual duly authorized by Business Resolution or other authorizing documentation to sign on behalf of the Business.

“Authorized User” means any person you permit to use your Account or who has apparent authority to do so.

“Business” means the person or entity for which the Account is being opened.

“Business Days” means days of the week excluding Saturdays, Sundays and federal holidays.

“Card” means the Credit Card or Cards, and any duplicates or renewals, issued by APGFCU for use by the Business or Authorized Users in connection with the Account.

"Cash Advance" includes without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the Account), and Convenience Check transactions.

“Convenience Checks” or "Checks" means the Convenience Check or Checks that may be issued from time to time at APGFCU’s discretion as an additional means of Account access.

“Credit Limit” means the maximum amount of Debt that can remain outstanding and unpaid at any time in any Business Visa or Share Secured Business Credit Card Account.

“Debt” means all amounts charged to a Business Visa or Share Secured Business Credit Card Account, including Purchases, Cash Advances, Balance Transfers, Finance Charges and Other Charges and Fees.

“Guarantor” means the individual or Principal Owner who unconditionally guarantees and promises to pay the amount due on your Account even if no demand for payment is first made to you.

"Principal Owner" means any person identified in the Application as directly or indirectly owning 20% or more of the Business.

“Holder”, “you” or “your” means the Business, Principal Owner and Guarantor jointly and severally.

“Issuer”, “Credit Union”, "APGFCU", “we” or “us” means Aberdeen Proving Ground Federal Credit Union, with its home office in Edgewood, Maryland.

3. Authorization: By submitting an Application for an APGFCU Business Visa Credit Card or a Share Secured Business Credit Card, you agree that you are at least 18 years old, you are a U.S. citizen or permanent resident, you have a valid social security number, you have the authority to legally bind the Business for the purposes of applying for an Account and entering into the Agreement, and that all information you have provided to APGFCU on the Application or any other document is true and complete. You agree that the Account and Cards will be used exclusively for lawful business, commercial, agricultural or organizational purposes and not for personal, family or household purposes. You authorize us to obtain your credit and employment histories, and agree that we may, at any time, obtain credit reports or any other information we feel is necessary in connection with your Application or any audit, review, update, quality control, renewal, extension or collection of any credit extended as a result of your Application. You certify that the submission, delivery, and performance of the Application you submitted have been authorized by all necessary corporate or other action by the Business, and will provide evidence of such action promptly upon request. In addition, you understand that if you ask, we will tell you if a credit report was requested, and, if so, the name and address of the credit reporting agency furnishing it. To request this information, you should write to APGFCU, Attn: Business Banking Department, P.O. Box 1176, Aberdeen, Maryland 21001 or call 1-410-272-4000 ext. 2377.

You acknowledge that all of the terms provided in this Agreement are subject to change, at our discretion, at any time, and agree that if we accept your Application, you will comply with all of the terms contained in this Agreement and any additional or supplemental terms that we provide to you.

4a. Individual Liability: You understand that by signing and submitting an Application as a Principal Owner who directly or indirectly owns 20% or more of the Business, you agree to be personally responsible for payment of all balances incurred on all Cards and Account(s) issued pursuant to the Application now or whenever any additional Accounts may be established in the future for the Business. (See also #6 and #8 below.) You must notify us and allow us reasonable time to act on a closure request if you wish to close the Account and prevent further usage. You remain responsible for payment of all balances incurred on all Cards and Account(s) before any such closure (including any such balances that remain outstanding and unpaid after any such closure).

4b. Business Liability: The Business is jointly and severally liable with you for payment of all balances incurred on all Cards and Accounts issued pursuant to this Application now or whenever any additional Accounts may be established in the future. If the Business is identified as a Not-for-Profit organization at the time of applying for the Account, you represent that you are applying as a legally authorized representative of the Business and not as an individual applicant or guarantor. If the Business is a Not-For-Profit organization, the Business is liable for all amounts due on the Account(s) in accordance with this Agreement.

5a. Business Visa Credit Line and Credit Limit: If approved for a Business Visa Account, the Credit Union will establish a self-replenishing line of credit and notify you of your assigned Credit Limit. You agree that your assigned Credit Limit is the maximum amount of Purchases, Cash Advances, Balance Transfers, Finance Charges and any Other Charges and Fees (see #9, #11 and #12) you will have outstanding on your Account at any given time. If you are ever over your Credit Limit, you must pay the amount you are over before payments will begin to restore your Credit Limit. You may request an increase to your Credit Limit in person, by phone, in writing or by electronic mail. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

5b. Business Share Secured Credit Line: If approved for a Business Visa Account, the Credit Union will establish a self-replenishing line of credit and notify you of your assigned Credit Limit. You agree that your assigned Credit Limit is the maximum amount of Purchases, Cash Advances, Balance Transfers, Finance Charges and any Other Charges and Fees (see #9, #11 and #12) you will have outstanding on your Account at any given time. If you are ever over your Credit Limit, you must pay the amount you are over before payments will begin to restore your Credit Limit. You may request an increase to your Credit Limit in person, by phone, in writing or by electronic mail. We may require an increase to the amount of pledged shares as a condition of agreeing to an increase to your Credit Limit. We may reduce your Credit Line from time to time or may at any time, with or without cause, revoke your card, your right to transact under this Agreement, or terminate this Agreement. Upon revocation of your card or your right to transact under this Agreement, any outstanding balance and FINANCE CHARGE shall immediately become due and payable under the terms of this Agreement. You may also terminate this Agreement at any time. Termination by either of us does not affect your obligation to pay the account balance and FINANCE CHARGE arising from authorized use of the card. The cards remain our property and you must recover and surrender to us all cards upon our request and upon termination of the Agreement.

6. Using the Account, Card, Convenience Checks and Cash Advances: Before using the Card, each Cardholder who is issued a Card under this Account must sign the Card immediately upon its receipt. If you do not sign the Card, you will still be obligated to pay any and all amounts incurred on the Account. The Card may only be used during its validity period, which is printed on the Card.

By requesting, signing, keeping, using or authorizing an employee to use the Account, Card and/or Convenience Checks we issue to you, you agree to accept the terms of this Agreement.

If you are an Authorized Officer or Principal Owner obtaining an Account for your Business, you agree to the terms of this Agreement in your personal capacity as well as your capacity as an officer or owner authorized to bind the Business to this Agreement.

Cash advances are a feature of your card. Cash Advances include without limitation cash and cash equivalent transactions (such as ATM cash disbursements, loan payments, the purchase of foreign currency, money orders, travelers cheques, prepaid cards, cashier’s checks, lottery tickets, casino gaming chips, and similar transactions using the account), and Convenience Checks transactions. We reserve the right at our sole discretion, at any time and with or without cause, to decline any request for a cash advance.

Cash Advances are subject to your standard cash advance Annual Percentage Rate (APR) unless a promotional APR applies. Cash Advances (except for Convenience Checks transactions) are also subject to the Cash Advance transaction fee described in the accompanying Disclosure. (This transaction fee is a non-interest Finance Charge.) Cash advances may not be used to pay any amount owed to us on this Agreement or any other APGFCU credit card or loans you may have with us.

You and any Authorized Users may use the Account for Purchases made in person, by phone, mail or the Internet, from anyone who accepts the Card. In addition, you may obtain Cash Advances from APGFCU, other applicable financial institutions and third parties participating in the Visa program and select Automated Teller Machines (ATMs) capable of providing access to the Visa system. You will need to use your Personal Identification Number (PIN) we furnish to obtain a Cash Advance from an ATM. You agree to keep the PIN confidential. You also agree that use of the PIN and Card to make a Purchase or obtain a Cash Advance constitutes your signature for purposes of such transactions.

If you give your Account number to make a Purchase or obtain a Cash Advance without presenting the Card (such as for a mail order or telephone or Internet purchase) the legal effect will still be the same as if the Card itself was used by you.

We make no representation that any particular person, entity or ATM will accept the Card for a Purchase or Cash Advance. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

You may not use the Card for any illegal purpose or to initiate any type of electronic gambling transaction through the Internet. APGFCU reserves the right, at its sole discretion, to refuse to approve a requested transaction based on merchant and/or transaction category codes and/or other codes or information provided in connection with that transaction, or for any other reason at APGFCU’s election.

We may supply you with Convenience Checks from time to time. You may use these Checks to draw from your available line of credit on your Account. A Convenience Check drawn on your Account is a loan from APGFCU. You will owe us for the amount of the Convenience Check plus the applicable Finance Charge from the date of the transaction. All Convenience Checks are processed as Cash Advances under this Agreement and are treated as such, except that Convenience Checks are not subject to the Cash Advance transaction fee described in the accompanying Disclosure. We are not responsible if anyone refuses to honor your credit card or Convenience Check. The Credit Union reserves the right to deny authorization for any requested charge or transaction at our sole discretion.

7. Business Checking Overdraft Protection: If you have requested your Account be used to provide Overdraft Protection for a Business Checking Account maintained with APGFCU, funds may be transferred from your Account to the Business Checking Account in accordance with the “All About Your Accounts” disclosure governing your Business Checking Account. All funds will be transferred in increments of $50 and are processed as a Cash Advance under this Agreement and are treated as such, except that Overdraft Protection transfers are subject to the Visa Credit Card Protection Fee described in the accompanying Disclosure applicable to your enrolled APGFCU Business Checking Account (only one such transfer fee will be imposed on any day we make one or more Overdraft Protection transfers). The Visa Credit Card Protection Fee is subject to change. Overdraft Protection transfers are loans by us to you. You will owe APGFCU for the amount of such transfers plus the applicable Finance Charge and transaction fee. You understand that anyone who is authorized to make withdrawals from the Business Checking Account may access your Business Visa or Share Secured Business Credit Card Account through Overdraft Protection. Overdraft transfers may be made for any lawful purpose except for payment to a Business Visa or Share Secured Business Credit Card Account. We reserve the right at our sole discretion, at any time and with or without cause, to refuse to provide overdraft protection (issue a credit advance) for any particular overdraft.

8. Responsibility: You agree to pay all Purchases and Cash Advance charges made to your Account by you or anyone you authorize to use your Account. You also agree to pay all Finance Charges and any Other Charges and Fees added to your Account under the terms of this Agreement. Your obligation to pay the amount owed on your Account continues until paid in full, even though an agreement, business dissolution or court judgment to which APGFCU is not a party may direct someone else to pay the Account balance. If more than one person signs the Application for this Account as a Principal Owner, each will be individually and jointly responsible for paying all amounts owed under this Agreement. The Principal Owner who obtains the Account for the Business is also a Guarantor and is personally responsible for all amounts owed on the Account. This means that APGFCU can require some or all Guarantors together or individually to repay the entire amount owed under this Agreement.

9. Finance Charges: You can avoid periodic Finance Charges on purchases by paying the full amount of the total new balance each month (“Total New Balance”) by the payment due date (which will be at least twenty-five (25) days after your monthly statement closing date). Otherwise, the Total New Balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to periodic Finance Changes. Cash advances, balance transfers, and convenience checks are always subject to periodic Finance Charges from the date they are posted to your account (unless a promotional APR offer applies).

Finance Charges are calculated on the average daily principal balances of purchases and Cash Advances (including any applicable Balance Transfers and Convenience Checks) in the account (multiplied by the number of days in the monthly statement period) at the applicable daily periodic rate and corresponding Annual Percentage Rate disclosed in the Visa Credit Card Approval Letter, any applicable promotional APR offer, and monthly statements. (The Annual Percentage Rate does not include non-interest Finance Charges, such as cash advance or balance transfer transaction fees.)

The principal balances of purchases, cash advances and balance transfers are determined each day during the monthly statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply to reduce outstanding principal balances, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the applicable periodic rate is then applied for the number of days in the monthly statement period.

10. Variable APRs Based on Prime: Your variable Annual Percentage Rate (“APR”) is based on the U.S. Prime Rate (“Prime Rate”). Your variable APR will equal the Prime Rate plus a margin. The margin for a Business Visa Account will be based on an evaluation of the credit history of the Business and each Principal Owner and Guarantor, and may also depend on the credit limit. The margin for a Business Share Secured Account is one percentage point (1.0%). If the Prime Rate increases, it will cause the variable APR to increase (subject to (if and to the extent applicable) the maximum variable APR applicable to a Business Share Secured Account, as described more fully in the accompanying Disclosure). If the Prime Rate decreases, it will cause the variable APR to decrease. Your Finance Charge for every $1.00 in your average daily principal balance may increase if the Prime Rate rises and will decrease if the Prime Rate falls. For example, a change in the Prime Rate of one percentage point will result in a one percentage point change in the same direction in your variable APR with a corresponding change in your daily periodic rate. For each billing cycle, we use the Prime Rate published in The Wall Street Journal on the first business day of each month. If the Prime Rate causes an APR to change, we put the new APR into effect as of the first day of the billing cycle following the month in which the Prime Rate changed. We apply the new APR to any existing balance, subject to any promotional rates that may apply.

11. Late Charge; Returned Payments: In addition to the continued accrual of the Finance Charges at the daily rate, if you fail to pay at least the Minimum Payment within fifteen (15) days after it is due, we may assess a late charge of up to $25. If you make a payment that is returned unpaid, we may assess a returned payment charge of up to $20.

12. Other Fees: If you request photocopies of sales slips, duplicate copies of Monthly Statements or a replacement Card, you agree to pay our reasonable costs for such services. The present charges for these services are stated specifically in the current Service Price List. You can pick one up in any branch or call us and we will mail you a copy.

13. Monthly Payment and Allocation: You promise to pay all amounts you owe on your Account, including without limitation any Finance or Late Charges. When you receive your Monthly Statement you may pay the full amount due or some lesser amount, but the least you may pay is the minimum payment amount due.

The Minimum Payment on your Account will be either (a) 2.0% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on your prior statement(s) which remains unpaid. In addition, at any time your Total New Balance exceeds your Credit Limit, you must immediately pay the excess upon our demand.

Subject to applicable law, we will apply payments first to previously billed and unpaid Finance Charges on Purchases, then to any Other Charges and Fees due, then to Cash Advances, whether or not billed on the Monthly Statement, then to Balance Transfers, then to previously billed Purchases. However, any payment equal to or greater than the Previous Balance will be applied first to previously billed and unpaid Purchases and any Finance Charge thereon to reduce the continuing accrual of Finance Charges on previously billed Purchases. Subject to the foregoing, Purchases, Cash Advances and Balance Transfers will be paid off in the order they were posted to your Account. If two or more Purchases were posted on the same day, your payment will be applied to the smaller one first.

14. Irregular Payments: We can accept late payments, partial payments, checks and money orders marked “paid in full” or language having the same effect without losing any of our rights under this Agreement.

15. Security Interest: You grant the Credit Union a purchase money security interest under the Uniform Commercial Code in any goods you purchase through your Account. You agree that all collateral the Business has given the Credit Union to secure other Business loan obligations, in the past and in the future, will secure your obligations under this Agreement. In addition, you agree this Account is also secured by all individual and joint shares and deposits, present and future, and all other accounts (except Individual Retirement Accounts or any other account that would lose special tax treatment under state or federal law if given as security) of the Business and of any Principal Owner or Guarantor that are maintained with the Credit Union, even though we may agree to allow transactions (including withdrawals and funds transfers) to continue to occur from such accounts. A Business Share Secured Account is also secured by a security interest in your pledged share savings account or (if applicable) your pledged share money market savings account at the Credit Union, as described in your Application. You agree, upon default, the Credit Union may apply any and all security to pay any amounts due under this Agreement, without further notice to you.

16. Default: You will be in default if a) you fail to make any minimum payment or other required payment by the date it is due; b) you breach any other condition of this Agreement; c) you are a natural person and you die; d) you are a Business and you cease to exist; e) you are a Business and you change your legal structure so that the person obligating the Business to this Agreement is no longer authorized to bind it to legal agreements; f) bankruptcy or insolvency proceedings are started by you or against you; g) you make any false or misleading statements in any credit application or credit update; h) you have an attachment or garnishment proceeding initiated against you or any of your property; i) something happens that APGFCU believes may substantially reduce your ability to repay what you owe; or j) you use or attempt to use the Card or Account in furtherance of any purpose deemed or reasonably suspected to be illegal under state or federal law; or k) (for Business Share Secured Accounts) your pledged share account at the Credit Union is closed by you or by APGFCU for any reason consistent with or permitted by the terms and conditions applicable to the pledged account, or is attached, levied, garnished, or otherwise becomes subject to third party claims.

In the event of any default or in the event this Agreement is terminated by you or by us for any reason, the entire balance on the Account becomes due and payable forthwith. You also agree that, in case of default, you will pay all usual and customary costs of collection permitted by law, including court costs and reasonable attorney fees. You agree that the jurisdiction in any dispute or for any collection purposes will be in the State of Maryland.

17. Penalty APR: The Penalty APR may be applied to your Account if you:

• Are over sixty (60) days past due; or
• Make a payment that is returned and causes your Account to be over sixty (60) days past due.

The Penalty APR is 18.00% (or such other rates as may be permitted under the Federal Credit Union Act), corresponding to a daily periodic rate of 0.0493%. If the Penalty APR is applied to your Account, it will apply to both existing and new transactions. It will no longer apply to the Account if you make the next six (6) consecutive minimum payments on time. If you do not make these payments on time, the Penalty APR may continue to apply to both new and existing balances indefinitely.

18. Lost or Stolen Cards/Liability for Unauthorized Use: You (including any Cardholder) must notify us orally or in writing immediately of the loss, theft or possible unauthorized use of the Account, Card or Checks. You and Business are not liable for unauthorized Transactions made by using the Account, Card or Checks after you duly notify us of loss, theft or suspected unauthorized use of the Account, Card or Checks and allow us a reasonable amount of time to act on your notice. Under Visa Rules, you will generally have no liability for the unauthorized use of any Card after its loss or If there is an exception to the Visa “zero liability” operating rule, such as, if you or a Cardholder are grossly negligent in handling your Card or Card number, or if the Card transaction is not processed by Visa, your maximum liability is $50. You can notify us during business hours at 410-272-4000 or call toll-free at 1-800-225-2555. After business hours, call toll-free at 1-800-543-5073 to contact the Lost/Stolen Center or in writing at: APGFCU, P.O. Box 1176, Aberdeen, MD 21001.

You and Business agree to assist us in determining the facts, circumstances and other pertinent information relating to any loss, theft or suspected unauthorized use of a Card, Check, or the Account and comply with such procedures as we may require in connection with our investigation, including assisting in the prosecution of any unauthorized user.

19. Changing or Terminating Your Account or Authorized Users: APGFCU may change the terms of this Agreement (including without limitation how the variable APR is determined) from time to time after giving you advance notice if and as required by law. Your use of the Card or Account after receiving notice of 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 you or APGFCU may terminate this Agreement at any time, but termination by you or APGFCU will not affect your obligation to pay the Account balance plus any Finance Charges and Other Charges and Fees you owe under this Agreement. APGFCU has the right to require you to pay your full Account balance at any time after your Account is terminated whether it is terminated by you or APGFCU.

Termination shall also be binding on each Authorized User. You are responsible for all transactions made to your Account after termination unless the transactions were unauthorized and you followed the guidelines in #18 above.

If you are a Business (incorporated or unincorporated) or organization or association, you agree to notify us in writing within ten (10) days of any change in your legal structure or any change in your owners (including Principal Owners), officers (including Authorized Officers) or Authorized Users. You also agree to notify us promptly by phone, by electronic mail or in person of any change or termination of any Authorized User’s charging privileges or rights to access the Account.

20. Credit Review and Release of Information: You authorize the Credit Union to investigate and evaluate your Business and the Personal Credit Standing of all Principal Owners and Guarantors when opening or reviewing your Account and agree to immediately notify us in writing should there be an adverse change in your credit or their financial condition. You further agree that the information you provide to us on your Application may be re-investigated or re-evaluated at any time. We may request updated credit bureau reports and may or may not ask you to provide annual financial statements, tax returns or other credit-related information. You authorize the Credit Union to disclose information regarding your Account to credit bureaus and creditors who inquire about standing.

21. Foreign Transactions: Purchases, Cash Advances and Balance Transfers made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The conversion rate to U.S. dollars and the fees for all international transactions will be made in accordance with the operating regulations of Visa U.S.A., Inc. The exchange rate between the foreign transactions to U.S. dollars will be a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate Visa itself receives or the government-mandated rate in effect for the applicable central processing date. In addition, we impose a foreign transaction fee equal to 1% of the transaction amount in U.S. dollars regardless of whether or not currency conversion is involved. All transactions, including online transactions, that may have been originated by a Cardholder or Authorized User in the U.S., but are processed by a foreign merchant, are subject to this fee. You may not always receive prior notification from the merchant that your transaction is processed by the merchant outside the United States.

22. Merchant Disputes: APGFCU is not responsible for the refusal of any merchant or financial institution to honor the Card. We may be subject to certain claims and defenses (other than tort claims) arising out of goods and services you purchase with the Card (but not with a Check or any other type of Cash Advance), up to the amount of credit outstanding for the disputed property or services and any finance or other charges imposed on that amount, but only if you have made a good faith attempt and have been unable to obtain satisfaction from the merchant and: (a) your purchase was made in response to an advertisement we sent or participated in sending you; or (b) your purchase cost more than $50 and was made from a merchant in your state or within 100 miles of your current Account mailing address. You must resolve any other disputes you may have with merchants concerning the quality of property or services you purchased with a Card or the Account directly with the merchants.

23. Effect of Agreement: This Agreement is the contract that applies to all transactions on your Account, even though the sales, cash advances, balance transfers, credit or other slip you sign or receive may contain different terms. You agree to all the terms and charges contained in this Agreement. Captions and headings in this Agreement are for reference only and do not affect the interpretation of this Agreement. Unless the context specifically requires otherwise, references in this Agreement to a singular number include the plural, and references to a plural number include the singular.

24. No Waiver: APGFCU can delay enforcing any of its rights any number of times without losing these rights.

25. Notices: We will send statements and notices to you at the most recent address you have given the credit union. Notice sent to any one of you will be considered notice to all. You promise to notify us promptly in writing of any changes to your address.

26. How We May Contact You: You expressly agree in order for APGFCU to provide information about your account and obtain any payment for amounts you may owe APGFCU, we or our authorized parties (who may contact you on behalf of APGFCU) may contact you and send text messages to you. You also expressly agree that we may email you at any email address you have provided us. We may use pre-recorded/artificial voice messages or an automated dialing device to contact you at any telephone number that you provided to APGFCU or our authorized service providers, including mobile numbers, as permitted by applicable law. You understand and agree that such communications may result in a charge from the company that provides you with telecommunications, wireless or internet services, and that APGFCU does not impose, and is not liable for, such charges. You further understand and agree that APGFCU will not be liable to you for any such communications made to you at telephone numbers, including mobile telephone numbers, you provide to us or our service providers that are made in accordance with the consent you have given in this section, even if information is inadvertently communicated to unintended recipients.