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UIECU displaces bank to provide alumni card program
CHAMPAIGN, Ill. (8/16/10)--The University of Illinois Employees CU (UIECU) has been selected by the University of Illinois Alumni Association (UIAA) to offer the official card of the university, a Visa credit card, to its 625,000 members. The endorsement replaces a 19-year relationship with MBNA and its successor, Bank of America. UIAA members can carry one of five cards with designs that represent the University of Illinois’ Urbana-Champaign, Chicago and Springfield campuses. Cardholders also can enroll in a rewards program to be used for airline travel or merchandise. A portion of each purchase helps fund UIAA programs, communications and services. UIAA chose UIECU after a six-month request-for-proposals process. “After a thorough evaluation of the proposals, we found the ideal partner literally in our own back yard,” said UIAA President/CEO Loren R. Taylor. The $229-million-asset UIECU offers credit cards and other services to its 37,000 members, who include many alumni.


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