MADISON, Wis. (11/30/09)--A credit card issued from a credit union can be a better choice than a bank-issued card in the current environment of rising bank card fees and rates, Bankrate.com said Wednesday. Because of their member-owned, nonprofit orientation, credit unions usually offer more reasonable rates and fees on cards than banks, the website said. “Median advertised interest rates on credit union cards were about 20% lower than on bank cards, according to a July study by the Pew Charitable Trusts, which compared credit cards from the 12 largest credit unions and 12 largest banks,” Bankrate said. “The median late and over-limit fee was $20 at credit unions and $39 at banks.” “Bottom line, the credit unions are offering lower upfront rates, with lower fees and less risk of unfair or deceptive practices,” Nick Bourke, author of the report and manager of the Pew Safe Credit Cards Project, told Bankrate. However, not every consumer will be a good fit for credit union cards, Bankrate added. The more generous rebates of major bank card issuers may be preferable for rewards cardholders, while consumers with large balances and high interest rates would benefit from a credit union card. To read the article and to see a list of pros and cons for credit union credit cards, use the link. Also, a similar article appeared in Barron’s about the Pew Charitable Trusts study. Use the link for a video.