Loans & Investments

Federal Disclosure Statement - VISA Card

Unsecured VISA ccount: The periodic finance charge on an account with a 25 (twenty five) day grace period on the advance balance: For the advance balance, which consists of transactions related to cash and loan advances, a periodic finance charge will be imposed on advance transactions from the date they are posted to your account. For the purchase balance, which consists of transactions related to the purchases of property and services, the periodic finance charge will not be imposed on purchase transactions if the previous balance shown on the monthly statement is zero or if a payment or credit for the full amount of the previous balance was received within 25 (twenty five) days of the prior billing cycle closing date.

To compute the periodic finance charge on purchases, we take each non-cash balance times the number of days that particular balance was showing on the VISA loan. The product of these multiplications is added, and then is multiplied by the daily periodic rate to determine the amount of finance charge on non-cash transactions.

To compute the periodic finance charge on cash or loan advances, we take each cash advance balance times the number of days that particular balance was showing on the VISA loan. The product of these multiplications is added to determine the Total Cash Advance Balance; this is multiplied by the daily periodic rate to determine the amount of finance charge on cash transactions.

Annual Fee: No annual fee.

Late Charge: A late charge of $10.00 for the VISA Classic or $25.00 for the VISA Platinum will be imposed on any amount which is due and not paid by the Payment Due Date. A late charge will be assessed every month any balance remains past due.

Monthly Payment: The minimum monthly payment will be 2.50% of the balance due, or $30.00 whichever is greater, plus any amounts due because you exceeded your credit limit, or due to missed or insufficient previous payments.

VISA Rates: VISA Accounts are subject to an annual percentage rate of 15.00% maximum which corresponds to a daily periodic rate of .041096%

Other Charges: Please see the Menu of Services within this document for all other fees applicable to VISA transactions. All fees and charges are subject to change at any time, with proper advance notice.