Information regarding the CARD ACT of 2009

On May 22, 2009, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD ACT) was signed into law. The law requires creditors to notify consumers 21 days in advance of any payment due date for credit card or open-end loan accounts.

Impact to San Mateo Credit Union Members

In response to this legislation, as well as in our continuing effort to improve service to members, San Mateo Credit Union began in October changing the due dates of all open-end loans (credit card accounts, lines of credit) to the 28th day of each month. This change may provide a longer notification period for your payment, and as such may give you some additional options when planning your payments:

• You may choose to continue making payments by your current due date, which will occur prior to the 28th day of each month.
• You may choose to retain currently scheduled automatic payments or automatic transfers, which should occur prior to the 28th day of each month.
• You may also change or align your payment with your new date, which is the 28th day of each month.

Changing a Payment Schedule

If you would like to change your automatic payment date or if you have any questions, please contact DirectAssist at (650) 363-1725, Monday through Friday 9:00 am to 6:00 pm or Saturday, 9:00 am to 3:00 pm.