Disclosure Information for Visa Classic, Visa Gold, & Visa Platinum Credit Cards

Credit Card Rates Effective March 20, 2010

Type of Account Visa® Classic Visa Gold Visa Platinum
Annual Percentage Rate (APR) for Purchases Current Rate 12.25% and may vary Current Rate 12.25% and may vary Current Rate 16.25% and may vary
Monthly Periodic Rate for Purchases 1.0208% 1.0208% 1.3541%
Annual Percentage Rate (APR) for Cash Advances Current Rate 12.25% and may vary Current Rate 12.25% and may vary Current Rate 16.25% and may vary
Monthly Periodic Rate for Cash Advances 1.0208% 1.0208% 1.3541%
Annual Percentage Rate (APR) for Balance Transfers Current Rate 12.25% and may vary Current Rate 12.25% and may vary Current Rate 16.25% and may vary
Monthly Periodic Rate for Balance Transfers 1.0208% 1.0208% 1.3541%
Variable Rate Information Your Annual Percentage Rate for purchases, cash advances, and balance transfers may vary. 1 Your Annual Percentage Rate for purchases, cash advances, and balance transfers may vary. 1 Your Annual Percentage Rate for purchases, cash advances, and balance transfers may vary. 1
Grace Period for Repayment of Balance 25 days from
statement closing date
25 days from
statement closing date
25 days from
statement closing date
Method of Computing the Balance for Purchases Average Daily Balance 2 Average Daily Balance 2 Average Daily Balance 2
Annual Fee $25.00 None None
Transaction Fee for Cash Advances 2% of advance amount 2% of advance amount 2% of advance amount
Transaction Fee for Balance Transfers None None None
Over-the-Credit-Limit Fee None None None
Late Payment Fee $25.00 $25.00 $25.00
Returned Payment Fee $24.00 $24.00 $24.00
Foreign Transaction Fee Exchange Rate + 1% Exchange Rate + 1% Exchange Rate + 1%

1 Your account is subject to a Variable Rate. Your ANNUAL PERCENTAGE RATE (APR) may increase (or decrease) on scheduled change dates if our index, the average of the 26 week Treasury Bill Rate for the previous quarter, increases (or decreases). In the beginning of each calendar quarter, we will calculate a new index rate and round it to the nearest ¼ of 1%. The new index rate is then added to the margin of 12% for Visa Classic, 12% for Visa Gold and 16% for Visa Platinum to calculate the ANNUAL PERCENTAGE RATE. The maximum ANNUAL PERCENTAGE RATE will be 18%. We will not accumulate unused index rate increases and decreases. The rate, when changed, affects your entire outstanding balance and is effective for the first full statement cycle following the first day of each calendar quarter. Changes in the ANNUAL PERCENTAGE RATE will result in more (or fewer) payments. We may change the index with proper notice to you.

2 To get the average daily balance, we take the beginning balance of your account each day, add any new purchase or cash advances, and subtract any payments, credits, non-accruing fees, and unpaid interest charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the average daily balance.

    © 2014 Hudson Valley Federal Credit Union

    159 Barnegat Rd. Poughkeepsie, NY 12601
    ph: 845.463.3011 / 800.468.3011

    Routing Number : 221979363