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ICNNI cites CUs as good source for cards
NEW YORK (6/9/10)--Credit unions are an alternative for consumers who are looking for a good deal on credit cards, CNNMoney.com said Monday. CNN cited a recent op-ed piece by two Harvard University doctoral students who discussed a study they conducted about investor-owned banks versus member-owned credit unions. “They found that credit cards from credit unions were less likely to charge fees and penalties that big banks do,” CNN said. “And when fees are involved, those fees are less. “Credit union cards actually offer lower annual fees and longer grace periods than regular cards,” CNN added. The article also told readers to go to www.creditunion.coop to find a credit union in their area or to call the Credit Union National Association at 800-358-5710. To read the article, use the link.
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