Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
SECU launches controlled-spending accountcard
RALEIGH, N.C. (4/7/10)--State Employees' CU, Raleigh, N.C., is offering members a new account/card option to help them manage their spending--a Cash Points Global (CPG) account. Cash Points Global is a controlled spending account with electronic-only access through the card. It has no checks or paper statements. Transactions are limited to the available funds in the account, so there is no risk of nonsufficient fund or overdraft fees, said SECU. The card is ideal for travelers, frequent online shoppers, students and those without a traditional checking account, said the $19.6 billion asset credit union in a press release. The CPG account/card--with a $1 per month fee that is routed to the SECU Foundation, the credit union's charitable giving arm--can be used anywhere a Visa logo is displayed and at any of SECU's 1,100 Cash Points ATMs. Leanne Phelps, senior vice president of SECU's card and record services, said the credit union opened more than 700 CPG accounts before announcing the service to its membership, which indicates a "strong positive response" to the product.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
23 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
8 29 ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
8 29 ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
8 29 ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
8 29 ago