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CNN cites CUs as good source for cards

Posted by SIU Credit Union on June 9, 2010 in Uncategorized |

NEW YORK (6/9/10 CUNA)–Credit unions are an alternative for consumers who are looking for a good deal on credit cards, CNNMoney.com said Monday. CNN cited a recent op-ed piece by two Harvard University doctoral students who discussed a study they conducted about investor-owned banks versus member-owned credit unions. “They found that credit cards from credit […]

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AOL’s WalletPop: CUs one of memberships ‘worth the money’

Posted by SIU Credit Union on May 27, 2010 in News |

MADISON, Wis. (5/27/10 CUNA)–Credit unions are one of 10 memberships “worth the money” for consumers and, furthermore, could be the membership consumers “can’t afford not to join,” according to an article on AOL’s WalletPop.com. Because many people carry debt on their credit cards, rates charged by credit union cards are desirable [because they are lower […]

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CARD CARD Act Brings Change to the World of Credit Cards

Posted by SIU Credit Union on February 11, 2010 in News |

You’ve likely heard about credit changes coming your way. A new law—The CARD Act—forces card issuers to show young adults (younger than 21) the big picture. February 22, 2010 ▪ Cards can’t be issued without an adult co-signer unless cardholder can prove means to repay the debt. ▪ Credit limits can’t be increased without considering […]

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Suze Orman to Larry King: CUs have great rates

Posted by SIU Credit Union on December 14, 2009 in News |

WASHINGTON (12/14/09 CUNA)–Credit unions offer better rates on credit cards, personal finance guru Suze Orman told Larry King on Larry King Live Thursday. King asked Orman if credit unions are a better option for those interested in transferring their credit card balances to credit unions from a bank. “Yes, yes, yes, yes,” Orman said. “Credit […]

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