Credit Unions | Credit Card Topics

Family Security Credit Union Earns Our Editor’s Choice™ Award for Helping Alabama Communities Through Charitable Giving and Volunteerism

By: Ashley Dull, 9/17/2018

In a Nutshell: While credit unions typically provide more dedicated customer service to members on an individual basis, few embed themselves in their communities like Family Security Credit Union. Since 1953, FSCU has been dedicated to giving back to the more than 20 Alabama counties it serves through charitable donations and volunteerism, including forming partnerships with local charities to host fundraisers and provide financial assistance to residents in need. And, beyond its local... read more »

MECU of Baltimore Recognized with Our 2018 Editor’s Choice Award™ for Strong Community Support and Engagement

By: Matt Walker, 9/13/2018

In a Nutshell: Credit unions are often known for their personalized services and community involvement. But MECU of Baltimore, which has giving back as a core tenet to its mission, is a credit union that stands out from the pack for its generous support of the local community in a number of ways. MECU sets an example for other credit unions by supporting local schools, providing financial education, and helping to fund community events. For these reasons, we are awarding MECU of... read more »

Servus Credit Union Earns Our Editor’s Choice Award™ for Its Standout World Elite Mastercard® and Circle Rewards™ Program

By: Matt Walker, 9/13/2018

In a Nutshell: The array of credit cards and rewards programs available to consumers these days can seem infinite. At Servus Credit Union in Alberta, Canada, members interested in planning for the future have the option to select its World Elite Mastercard®. The card’s robust list of benefits includes access to the Servus Circle Rewards™ program, where members can invest in retirement, savings, or a child’s education. The World Elite Mastercard® is also the only Servus... read more »

SELCO Community Credit Union Gives Homeowners Access to a Revolving Line of Credit Through Its Home Equity Visa® Card

By: Brittney Mayer, 9/6/2018

In a Nutshell: Traditional home equity loans pay out a percentage of a borrower’s equity in one lump sum, and interest charges begin immediately on the full amount of the loan. Oregon-based SELCO Community Credit Union hopes to reimagine the home equity loan with its Home Equity Visa® card. Borrowers can access their approved home equity line of credit through the card over 15 years with a repayment period of 15 years. Homeowners pay interest only on the funds they use and can... read more »

Recognizing Alternatives Federal Credit Union as a Top Institution for Smart Credit Options that Help Low-Income Borrowers

By: Ashley Dull, 9/5/2018

In a Nutshell: For four decades, Alternatives Federal Credit Union has provided affordable borrowing options and sound financial counseling to low-income clients who struggled to find fair treatment at banks and other lenders. In a time of high-interest credit cards and predatory lending, programs from Alternatives like Back on Track offer low-interest loans for emergencies such as medical care, auto repairs, or veterinarian bills. Alternatives treats all clients with respect and... read more »

WSECU Introduces Three New Feature- and Design-Rich Visa Cards Based on Member Feedback

By: Ray FitzGerald, 9/4/2018

In a Nutshell: For many financial institutions, broad demographic information determines the rates, rewards, and terms of many credit card offerings. Many issuers never even talk to their customers to gauge what they want in a card. But Washington State Employees Credit Union (WSECU) leaned on its panel of nearly 900 members when designing three new Visa-issued credit cards unveiled this week. The cards feature a stylish vertical design, as well as a Tungsten metal option. Each card... read more »

Consumers Credit Union’s Low-Interest, Reward, and Student Visa Cards Offer Something for Everyone

By: Lauren Keys, 8/27/2018

In a Nutshell: For a simple $5 fee, anyone in the nation can join Consumers Credit Union, which alone sets it apart from other regional credit unions. Its members enjoy market-leading interest rates in addition to wealth-building financial products and services. Consumers Credit Union is dedicated to offering members more choices, and its four Visa-issued credit cards, with interest rates starting at 11.45% and rewards that pay as much as 3 points per dollar spent, illustrate the care... read more »

How BECU Puts People First in All of Its Financial Offerings

By: Lauren Keys, 8/20/2018

In a Nutshell: BECU didn’t become the fourth largest US credit union in asset size by overcharging its members. The not-for-profit institution has spent more than 80 years serving its members with savings, loan, and credit products that feature interest rates consistently lower than the national average. BECU’s two Visa-issued credit card offerings include low-rate and rewards options that pack in extra value since neither charges for membership, cash advances, balance transfers,... read more »

Member One Federal Credit Union Supports Community Nonprofits with the New plusONE Visa® Credit Card

By: Ray FitzGerald, 8/10/2018

In a Nutshell: More and more consumers want to know the money they spend and invest supports a good cause. To act upon the growing sentiment, Member One Federal Credit Union recently unveiled its new plusONE Visa® cashback credit card. This is Member One’s first cash back offering, earning 1% cash back on qualifying purchases and donating another 0.5% of every purchase to its Community Investment Committee, which distributes the funds to nonprofits that support youth, arts,... read more »

How the Mountain West Credit Union Association Fights for the Rights of Credit Unions and Their Members

By: Ashley Dull, 8/10/2018

In a Nutshell: Although banks and credit unions have fundamental differences in the ways they operate and serve consumers, the same regulations typically govern both financial institutions. While grouping these financial service providers works in some circumstances, their differences can cause issues with certain regulations. In those cases, the Mountain West Credit Union Association (MWCUA) works to advocate for the rights of member credit unions in Colorado, Arizona, and Wyoming.... read more »

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