Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
IUSA TODAYI Check out cards issued by CUs
MADISON, Wis. (3/10/10)--Consumers should check out credit cards issued by credit unions to cope with an environment of new credit card fees and rules changes, USA TODAY said Tuesday. In a column titled, “How to cope with new fees, rules changes on credit cards,” Sandra Block, the newspaper’s personal finance columnist, cites a July 2009 survey by the Safe Credit Card Project at The Pew Charitable Trusts. “Check out cards issued by credit unions. Only 11% of cards issued by the largest credit unions charge an annual fee, versus 16% of cards from major banks ...” Block said. “The median annual fee for credit union-issued cards was $15, versus $50 for cards issued by the largest banks, the survey found," she wrote. “Credit cards issued by credit unions also have lower penalty fees,” she added. “The median late payment fee for credit union cards is $20, versus $39 for bank-issued cards, the survey found.” To read the column, use the link.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
14 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
15 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
16 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
16 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
17 hours ago