Common use of COST OF CREDIT Clause in Contracts

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024384% per day, which has a corresponding Annual Percentage Rate of 12.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by ap- plying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. ADDITIONAL SECURITY: If you have other loans with us, now or in the future, collateral securing those loans may also secure your obligations under this Agreement. You under- stand that you should read any security agreement you sign in order to determine if the collateral also secures your obligations under this Agreement and any other agreements you have with us.

COST OF CREDIT. You For MasterCard® or for Share Secured MasterCard you will pay a Finance Charge an INTEREST CHARGE for all advances made against your card account at the periodic rate of .0243840.032603% per day, which has a corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE of 12.9011.9%. For Gold MasterCard, you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.028767% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 10.5%. Cash advances (including balance transfers) incur a Finance Charge an INTEREST CHARGE from the date they are post to the account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before an interest charge on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur an INTEREST CHARGE from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge INTEREST CHARGE is figured by ap- plying applying the periodic rate to the “balance subject to Finance ChargeINTEREST CHARGE” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advancesadvances (including balance transfers), and, and unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance ChargesINTEREST CHARGES. The This gives us the daily balances balance for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge INTERSET CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. ADDITIONAL SECURITY: If you have other loans with us, now or in the future, collateral securing those loans may also secure your obligations under this Agreement. You under- stand that you should read any security agreement you sign in order to determine if the collateral also secures your obligations under this Agreement and any other agreements you have with us.

COST OF CREDIT. You For MasterCard®, Gold MasterCard and Platinum MasterCard, you will pay a Finance Charge FINANCE CHARGE for all advances charges or balance transfers made against your card account at the periodic rate of .024384.037671% per day, which has a corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE of 12.9013.75%, or at the periodic rate of .043151% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 15.75%, or at the periodic rate of .04863% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 17.75%. Cash advances incur a Finance Charge FINANCE CHARGE from the date they are posted to the account at the periodic rate of .04863% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 17.75%. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before a FINANCE CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur a FINANCE CHARGE from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge FINANCE CHARGE is figured by ap- plying applying the periodic rate to the “balance subject to Finance ChargeFINANCE CHARGE” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, and unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance ChargesFINANCE CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge FINANCE CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. ADDITIONAL SECURITY: If you have other loans with us, now or in the future, collateral securing those loans may also secure your obligations under this Agreement. You under- stand that you should read any security agreement you sign in order to determine if the collateral also secures your obligations under this Agreement and any other agreements you have with us.

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024384.035342% per day, which has a corresponding Annual Percentage Rate of 12.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by ap- plying applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days RETURNED PAYMENT FEE: We will charge you a Returned Payment Fee as set forth in the billing cycleAccount Opening Disclosure each time you send us a payment that is returned unpaid for any reason. The result We will charge you this fee the first time any payment is the “average daily balance.” The Finance Charge returned unpaid, even if it is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the productpaid upon resubmission. ADDITIONAL SECURITYCREDIT INSURANCE: If you have other loans with usavailable, now or in the future, collateral securing those loans may also secure your obligations credit insurance is not required for any extension of credit under this Agreement. You under- stand that However, you should read may purchase any security agreement credit insurance available through the Credit Union and have the premium added to the outstanding balance in your account. If you sign in order elect to determine if do so, you will be given the collateral also secures your obligations under this Agreement necessary disclosures and any other agreements you have with usdocuments separately.