A 12 75 VISA Low Rate ACCT Disclosures ELGACU

Elga Credit Union's filed agreement for A 12 75 VISA Low Rate ACCT Disclosures ELGACU 01 01 2026 discloses a 12.75% purchase APR and no annual fee. That purchase rate ranks near the 9th percentile across this corpus of 4,587 filings.

What the document actually states

A 12 75 VISA Low Rate ACCT Disclosures ELGACU 01 01 2026 is one of the agreements Elga Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs one page.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

Set beside the rest of the index, the purchase APR of 12.75% lands at the 9th percentile; it falls in the low band of the corpus.

The cost of carrying a balance

A $1,500 balance left untouched for twelve months accrues about $204 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $165 cheaper for the same debt.

Month to month it reads as about $15.80 per cycle on that balance.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Default pricing

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

Fees, and what triggers them

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Foreign transactions attract 2%. On $1,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

Elga Credit Union has 30 agreements indexed on this site. The issuer's own range is 11.75%–20.75%. At 12.75%, this agreement is dearer than 3 of its siblings.

What you cannot learn from the filing

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The purchase rate of 12.75% is one of the cheaper figures in this index — the central point in the agreement's favour. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.