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CU System
IABC NewsI reports good source for good rates CUs
WASHINGTON (11/12/09)--Credit cards from credit unions are a good alternative for consumers looking to avoid the high rates and fees charged by some large credit card issuers, ABC News reported Tuesday. The article, “Find a Credit Union with Lower Interest Rates and Fees,” cited a Pew Charitable Trusts study that indicated credit unions’ interest rates on credit cards are about 20% lower than bank rates. “It’s not as difficult to qualify for membership in a credit union as it used to be,” ABC News said. In the comments section of the article, one reader wrote: “I switched everything from #### to my local credit union after #### raised my interest rate. I’m another good customer (paid on time, good credit score) that absolutely refuses to play with what amounts to legalized loan sharking.” The Pew study cited in the article also has garnered coverage in The Wall Street Journal and several regional broadcast news outlets. To read the article, use the link.
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