Nuvision FCU Share Secured Visa Initial Disclosures for

Nuvision FCU Share Secured Visa Initial Disclosures for 9 28 23, as filed by Nuvision Federal Credit Union, carries a 17.9% purchase APR, no annual fee and a 3.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 24th percentile.

What this filing discloses

Nuvision Federal Credit Union filed this agreement for Nuvision FCU Share Secured Visa Initial Disclosures for 9 28 23 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

The promotional period

The filing discloses an introductory rate of 3.99% but no term for it.

Among the 763 filings here that disclose an introductory rate, 3.99% sits at about the 85th percentile.

What matters more than the promotion is the rate waiting behind it: 17.9%. A $5,000 balance that survives the promotional window costs roughly $980 a year from that point on.

Pricing the purchase rate

The purchase APR of 17.9% places this agreement around the 24th percentile of the set — it is on the cheaper side of the median.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What a balance actually costs

The purchase rate turns a $2,500 revolving balance into roughly $490 of annual interest.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $125 less per year here.

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.

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 17.9%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 10.9%. Shifting $2,000 across attracts something like $60 in fees on day one.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

The grace period

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.

Default pricing

Late payments are capped at $10 under this filing, about the 6th percentile of late fee maximums in the corpus.

How it sits in the issuer's own range

This is one of 5 Nuvision Federal Credit Union agreements collected here. The others all file the same 17.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What is outside the disclosure

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

Go to the source

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 17.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.