RR 5 15 75 VISA Business ACCT Disclosures ELGACU

Elga Credit Union's filed agreement for RR 5 15 75 VISA Business ACCT Disclosures ELGACU 01 01 26 discloses a 15.75% purchase APR and no annual fee. That purchase rate ranks near the 16th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

RR 5 15 75 VISA Business ACCT Disclosures ELGACU 01 01 26 is one of the agreements Elga Credit Union has on file with the CFPB. The filing runs one page, and It is issued on the Visa network.

Terms captured from the document include 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.

Pricing the purchase rate

Measured against every other filing on the site, 15.75% is about the 16th percentile for purchase APR; it sits well down in the cheaper fifth of the set.

What the rate means in dollars

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $512.

A typical filing in this index would charge about $738 on that balance; this one is roughly $226 a year below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Default pricing

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

What the card costs before you borrow

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Spending abroad costs an extra 2% — about $40 on $2,000 of purchases, independent of interest.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Inside Elga Credit Union's filed lineup

This is one of 30 Elga Credit Union agreements collected here. Their disclosed purchase rates run from 11.75% to 20.75%, and this one at 15.75% is more expensive than 14 of them.

What you cannot learn from the filing

The disclosure parsed here does not state penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 15.75% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.