Friday, June 14, 2013

Small Illinois CU Issuing Fee Harvesting Credit Card

Credit Union Times is reporting that Services Credit Union of Naperville (IL) is issuing a fee-harvesting credit card.

According to the article, the cards are issued through the credit union; but serviced through Continental Finance Company, which advertises that it "is one of America's leading originators of credit cards for consumers with less-than perfect credit."

To review the fees and interest rates on the Cerulean Card, click here.

Continental Finance on its webpage has the audacity to talk about the credit union difference of people helping people. If this is people helping people, then I don't want to be helped.

The Credit Union Times' article notes that Daniel Plauda, who is the President of the Illinois Credit Union League, is also the CEO of the credit union.

Read the story.
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.