CC Disclosure w Agreement

CC Disclosure w Agreement 08 01 23, as filed by Mountain America Federal Credit Union, carries a 18% purchase APR and no annual fee. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What this filing discloses

Mountain America Federal Credit Union filed this agreement for CC Disclosure w Agreement 08 01 23 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs six pages.

The disclosure covers 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

The purchase APR of 18% places this agreement around the 34th percentile of the set — it undercuts the typical filing.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

A $2,500 balance left untouched for twelve months accrues about $493 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $122 less per year here.

Month to month it reads as about $37.25 per cycle on that balance.

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.

Where the fees are

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.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

Penalty pricing and late fees

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Against the rest of Mountain America Federal Credit Union's filings

Mountain America Federal Credit Union has 6 agreements indexed on this site. Their disclosed purchase rates run from 17.99% to 18%, and this one at 18% is more expensive than 2 of them.

The limits of this document

Absent from the captured terms: anything about cash advances and 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

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

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.