Parsons Federal Credit Union urges all credit and debit card holders to activate and sign the back of their cards upon receipt. Technically, merchants are not authorized to accept credit or debit cards that are not signed by the cardholder or have used the signature panel on the back of the card for something other than a signature such as "Ask for ID".

Merchants are required to follow the following procedure when asked to accept an unsigned credit or debit card:

• Obtain authorization from the card issuer (PFCU)
• Ask cardholder for identification
• Require the cardholder to sign the card before acceptance

By signing the card, you provide a means for the merchant to verify your identity. Merchants must compare the signature on the back of the card with the signature on the receipt before completing the transaction. If an unsigned card is lost or stolen, a fraudster can sign the card with a signature that matches the name on the front of the card. The fraudster's signature on the receipt will then match the signature on the card.

YOUR BILLING RIGHTS
This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENT

If you think your statement is wrong, or if you need more information about a transaction on your statement, write us on a separate sheet at the address listed on your statement. Write to us as soon as possible. We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, give us the following information: (1) Your name and account number, (2) the dollar amount of the suspected error, (3) describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are unsure about.

You do not have to pay any amount in question while we are investigating, but you are still obligated to pay the parts of your bill that are not in questions. While we investigate your questions, we cannot report you as delinquent or take any action to collect the amount you question.

You may be liable for the unauthorized use of any credit card issued to access the Open-End Line of Credit. You will not be liable for the unauthorized use that occurs after you notify us orally or in writing, of the loss, theft, or possible unauthorized use. In any case your liability will be $50.

For a printable version of you Billing Rights, click here.

THE STATEMENTS BELOW PERTAIN TO OPEN-END LOAN ACCOUNTS ONLY
CREDIT INSURANCE NOTICE

Credit Life and Credit Disability Insurance Certificate holders, under the Open-End Credit Accounts reported on this statement, are required by California law to be advised of the following: THIS INSURANCE MAY NOT COVER AN ADVANCE OR CHARGE UNDER YOUR CREDIT LINE IF YOUR DISABLILITY OR DEATH RESULTS FROM A CONDITION FOR WHICH YOU HAVE SEEN A DOCTOR OR CHIROPRACTOR IN THE SIX MONTHS BEFORE THE ADVANCE OR CHARGE.

FINANCE CHARGE CALCULATION

The FINANCE CHARGE for an Open-End loan is computed by applying the periodic rate to each unpaid balance for the exact number of days each balance was outstanding. The balance used to compute the FINANCE CHARGE is that balance each day after credit are subtracted and new advances or other charges are added.