VISA CLASSIC CREDIT ACCOUNT DISCLOSURES

Annual Percentage Rate (APR) for Purchases and Cash Advances	VISA CLASSIC	12.96%
Annual Fee	None
Grace Period For Repayment of the Balance of Purchases	25 Days*	Including new purchases*
Method of Computing the Balance of Purchase	Average Daily Balance
Late Payment Fee	5% of monthly payment due
Over the Limit Fee	$10.00
Minimum Finance Charge	None

At the date this information was written, the information listed was accurate. Because rates and terms are subject to change, you may wish to contact us at County Educators Federal Credit Union, 16 East Lincoln Avenue, Roselle Park, NJ 07204.

*A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day grace period, a Finance Charge will be imposed on the unpaid Average Daily Balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date. The grace period does not apply to cash advances or balance transfers.

Monthly Payment. A statement will be mailed every month showing your Previous Balances of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases and cash advances, the Total New Balance, the FINANCE CHARGE due to date, and the Minimum Payment required. Every month you must pay the Minimum Payment, which is due upon receipt of your statement. You may of course pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the FINANCE CHARGE by doing so. On the monthly payment plan (payment by statement), the minimum monthly payment will be $10.00 or 3% of the outstanding balance, which ever is greater, plus any portion of the minimum payment(s) shown on prior statement(s) which remain unpaid. Your total new balance will be taken if it is less than the minimum set above. In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand. We will apply your payments first to the FINANCE CHARGE on both purchases and cash advances, then to the principal balances of purchases in the order they were posted to your account and then to the principal balance of cash advances. If two or more purchases were posted on the same day, your payment will be applied to the smallest first.

We reserve the right to change the benefit features associated with your card at any time. Contractual Pledge of Shares: I pledge all my shares and deposits in the Credit Union, including future additions, as security for this loan. In case I default or become delinquent, you may apply these deposits to the payment of all sums due at the time of default, including costs of collection and reasonable attorney's fees.

IN CASE OF ERRORS OR INQUIRIES ABOUT YOUR BILL

The Federal Truth-in-Lending Act requires prompt correction of billing mistakes. If you want to preserve your rights under the Act, here's what to do if you think your bill is wrong or if you need more information about an item on your bill. Do not write on the bill. On a separate sheet of paper write (you may telephone your inquiry but doing so will not preserve your rights under this law) the following: Your name and account number. A description of the error and an explanation (to the extent you can explain) why you believe it is an error. If you only need more information, explain the item you are not sure about and, if you wish, ask for evidence of the charge such as a copy of the charge slip. Do not send in your copy of a sales slip or other documents unless you have a duplicate copy for your records The dollar amount of the suspected error. Any other information (such as your address) which you think will help the creditor to identify you or the reason for your complaint or inquiry. Send your billing error to the address on your bill which is listed after the words: "Send inquiries to:" or similar wording. Mail it as soon as you can, but in any case, within 60 days after the bill was mailed to you. The Credit Union, or its agent, must acknowledge all letters pointing out possible errors within 30 days of receipt, unless the Credit Union, or its agent, is able to correct your billing during that 30 days. Within 90 days after receiving your letter, the Credit Union, or its agent, must either correct the error or explain why the Credit Union believes the bill was correct. Once the Credit Union, or its agent, has explained the bill, the Credit Union has no further obligation to you even though you still believe that there is an error, except as provided in paragraph 5. After the Credit Union has been notified, neither the Credit Union, nor an attorney, nor a collection agency may send you collection action with respect to the amount in dispute; but periodic statements may be sent to you, and the disputed amount can be applied against your credit limit. You cannot be threatened with damage to your credit rating or sued for the amount in question, nor can the disputed amount be reported to a credit bureau or to other creditors as delinquent until the Credit Union has answered your inquiry. However, you remain obligated to pay the parts of your bill not in dispute.

If it is determined that the Credit Union has made a mistake on your bill, you will not have to pay any finance charges on any disputed amount. If it turns out that the Credit Union has not made an error, you may have to pay finance charges on the amount in dispute, and you will have to make up any missed minimum or required payments on the disputed amount. Unless you have agreed your bill was correct, the Credit Union must send you a written notification of what you owe; and if it is determined that the Credit Union did make a mistake in billing the disputed amount, you must be given the time to pay which you are normally given to pay undisputed amounts before any more finance charges or late payment charges on the disputed amount can be charged to you. If the Credit Union's explanation does not satisfy you and you notify the Credit Union in writing within 10 days after you receive its explanation, and you still refuse to pay the disputed amount, the Credit Union may report you to credit bureaus and other creditors and may pursue regular collection procedures. But the Credit Union must also report that you think you do not owe the money, and the Credit Union must let you know to whom such reports were made. Once the matter has been settled between you and the Credit Union, the Credit Union must notify those to whom the Credit Union reported you as delinquent of the subsequent resolution. If the Credit Union does not follow these rules, the Credit Union is not allowed to collect the first $50 of the disputed amount and finance charges, even if the bill turns out to be correct. If you have a problem with property or services purchased with this credit card, you may have the right not to pay the remaining amount due on them, if you first try in good faith to return them or give the merchant a chance to correct the problem. There are two limitations on this right: you must have bought them in your home state. If not within your home state, within 100 miles of your current mailing address; and the purchase price must have been more than $50. However, these limitations do not apply if the merchant is owned or operated by the Credit Union, or if the Credit Union mailed you the advertisement for the property or services.