Effective 10/01/2007

Consumer Loans MSECU Credit Card Disclaimers

Consumer Loans

Loan Type	Approx. Term	Daily Periodic Rate	> APR*
Personal (aggregate maximum $20,000.00)	12  Months	0.031507%	11.50%
	24 Months	0.032877%	12.00%
	36 Months	0.033562%	12.25%
	48 Months	0.034247%	12.50%
	60 Months	0.034247%	12.50%
Consolidation Loan (maximum $15,000)	12-48 Months	0.032877%	12.00%
Holiday Loans (maximum $3,000)	12 Months	0.027123%	9.90%
Vacation Loans (maximum $3,000)	12 Months	0.027123%	9.90%
Shared Secured	up to 120 Months	See Below	See Below
Certificate Secured	up to 120 Months	See Below	See Below

* APR = Annual Percentage Rate / See applicable disclosures at the bottom of the page. 
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MSECU Credit Card

Credit Card	Term	Monthly  Periodic Rate	APR*
Platinum MasterCard (Maximum $20,000)** Balance Transfer APR 9.99% APR - 16.99% APR Cash Advance APR 11.99% APR - 18.99% APR Penalty Pricing APR 17.99% APR* * When you are sixty (60) days delinquent in making a payment,  The monthly periodic rate on your account will change to 1.4992% - 1.6658% per month which is an ANNUAL PERCENTAGE RATE of 17.99% - 19.99%.  When your account is current for three (3) consecutive months, contact the credit union to apply for a rate reduction.	Revolving	0.0273% 0.0301% 0.0355% 0.0465%	9.99% 10.99% 12.99% 16.99%

* Accounts will be reviewed from time to time and your Monthly Periodic Rate and *APR may adjust based on your credit profile. 

Rate table based on Credit Score:

Credit Score	Rate
720- 999 680- 719 640-679 001- 639	9.99% APR 10.99% APR 12.99% APR 16.99% APR

* APR = Annual Percentage Rate / See applicable disclosures at the bottom of the page. 
** Maximum combined MSECU Credit Card Debt cannot exceed $20,000
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 Disclaimers

Additional disclouses triggered by our open-ended lending program:

Late Charge:  If your monthly payment is not received within 15 days of the due date, you will be charged 10% of your outstanding loan balance or $10.00, whichever is less.

Collection Cost:  You agree to pay all costs of collecting the amount you own under this agreement including court costs and reasonable attorney fees not in excess of 15% of the unpaid debt.

Share Secured:  The Annual Percentage Rate (APR) will be the dividend rate being paid on the regular shares (index) on the date of the advance plus 3%.  If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR.  The rates are subject to change when the regular share rate changes to reflect any change in the index.  Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Certificate Secured:  The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security (index) plus 3%.  The advance will be made for the length of the certificate only.  The APR and Daily Periodic Rate will be disclosed at the time of the advance.

Vendors Single Interest:  As a condition of receiving an automobile advance, you must obtain single interest automobile coverage.  You may obtain the single interest auto insurance from anyone you want that is acceptable to the credit union.  If you get the insurance from the credit union, you will pay $25.00.  This rate is subject to change.  All subrogation rights are waived by the insurer.

Payroll Deduction:  A term and condition of the loan is the credit Union shall receive the monthly payment due for the loan through the Commonwealth of Massachusetts payroll deduction program for the full duration of the loan.  The termination by the Borrower of the payroll deduction shall be considered a condition of default. 

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