FourLeaf Federal Credit Union
1 cardholder agreement · 500 KB
- Starting score100
- Forced arbitration (opt-out available)-12
- Class-action waiver-12
- Jury-trial waiver-8
- Change-anytime clause-8
- Penalty APR-6
- Fair Terms score54 · grade D
See the exact wording behind each below.
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You can opt out of this issuer's forced arbitration
FourLeaf Federal Credit Union's agreement lets you reject arbitration and keep your right to sue — usually within a short window after opening the account. You have to send it in writing. Here's the language from the filed agreement:
“…with notice of the change in terms. If applicable law provides you the right to reject and you do not wish to accept the change or changes, you may reject the change or changes by notifying us of the rejection prior to the effective date of the change or changes at the toll-free telephone number provided in the notice. If you reject the change or changes, your ability to use the Account for further advances will be terminated. The following do not constitute a change of the terms of this Agreement: (a) an increase or decrease to the APR as a result of an increase or decrease to the Index Rate, and (ii) a change to the address or telephone numbers provided in sections 14 or 16. 22. Governing Law. This Agreement, your Card, your Account and all Transactions hereunder are governed by federal law and the laws of the state of New York. All disputes shall be venued in Nassau County, New York.…”
Read the exact mailing address in the clause above, then use our opt-out letter template and full guide →
Contract X-Ray — what's buried in the fine print
5 red flags · 1 filed docDetected in the CFPB-filed cardholder agreements from FourLeaf Federal Credit Union. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
You give up your right to sue in court — disputes are pushed into private arbitration.
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“…) was provided to you at the time of your membership account opening. Any disputes arising out? of or relating to this Agreement shall be resolved by binding arbitration as provided under the terms of your Member Account? Agreement. 7 AGRPG8- 35. Your Billing Rights. YOUR BILLING RIGHTS KEEP THIS NOTICE FOR FUTURE USE…”
You can't band together with other cardholders in a class action.
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“…). If you would like to receive this notice verbally and/or to receive your payment obligations verbally, please call (800) 628-7070. Arbitration and Waiver of Class Action. MANDATORY ARBITRATION DOES NOT APPLY TO YOU IF YOU ARE? SUBJECT TO THE PROTECTIONS OF THE MILITARY LENDING ACT. The Arbitration and Waiver of…”
You waive your right to have a dispute heard by a jury.
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“…dvance, (c) use a Convenience Check or (d) make a Balance Transfer, as applicable. You will have accepted this Agreement, including section 23 titled WAIVER OF JURY TRIAL; LIMITATION OF DAMAGES, when you activate any Card we have issued you by calling the activation telephone number included with the Card, or by…”
The issuer reserves the right to change your rates, fees and terms at any time.
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“…us from exercising our rights later. Upon termination, you must return all Card(s) (cut in half) and all Convenience Checks (marked Void ) to us. 21. Change of Terms. To the extent permitted by applicable law, we may change the terms of this Agreement at any time including, but not limited to, the APR, the formulas we use in computing the interest charge, the method of computing the Minimum Payment, the types…”
Slip up and your rate can jump to a much higher penalty APR.
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“…pon notice and otherwise in accordance with applicable law, we may increase your APRs (including any introductory APR) for all Transactions up to the Penalty APR and the Penalty APR may be applied to your Account. If the Penalty APR is applied to your Account due to a Default under Section 20(a)(i), the Penalt…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
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“…iding you with notice of the change in terms. If applicable law provides you the right to reject and you do not wish to accept the change or changes, you may reject the change or changes by notifying us of the rejection prior to the effective date of the change or changes at the toll-free telephone number provide…”
Checked & clear: Deferred interest
Cardholder agreements
Filed with the CFPB in the 2026 Q1 bulk submission. Opens the original PDF.