CC Agreement and Pricing Addendum 2025 06 to CFPB

Tower Federal Credit Union's filed agreement for CC Agreement and Pricing Addendum 2025 06 to CFPB discloses a purchase APR of 15.24%–17.99%, no annual fee and a 1.99% introductory rate. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

The disclosed terms

Tower Federal Credit Union submitted the terms for CC Agreement and Pricing Addendum 2025 06 to CFPB to the CFPB's agreement database; this is what they contain. The filing runs seven pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a foreign transaction fee.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The promotional period

The introductory rate is 1.99%, held for 12 months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

Once the introductory period ends the rate becomes 17.99%, which turns a lingering $5,000 balance into approximately $985 of annual interest.

Pricing the purchase rate

Purchases price between 15.24% and 17.99% under this filing. The 2.75-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 35th percentile of filed purchase rates; the ceiling sits at about the 28th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

Put $4,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $788.

A typical filing in this index would charge about $983 on that balance; this one is roughly $195 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.

Where the fees are

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.

Cash advances carry a cash advance fee of 2% and a cash advance APR of 15.24%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 15.24% balance transfer rate without an accompanying fee figure.

The downside terms

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

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

Against the rest of Tower Federal Credit Union's filings

There are 4 filings from Tower Federal Credit Union in this index. Pricing across this issuer's filings is uniform at 17.99% — the rate table does not distinguish one of its cards from another.

The limits of this document

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

Everything here is a reading of the filed agreement, seven pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 17.99% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.