"This new Web site was created from my vision to provide the best credit card options to American consumers in the wake of the unfair and deceptive practices prevalent with the major credit card market," Irving said. "I knew the majority of credit unions offer the most fair and ethical credit card programs in the market, yet no one was getting the word out effectively. Through communication with nationally known personal financial expert, Suze Orman, we have collaborated to get the word out to America that there are alternative options," Irving added.
Irving explained that each credit union's credit card program is being rated on a five-star system. A fair and ethical credit card program is deemed as one with either fixed or variable rates of less than 18%, no balance-transfer fees, no annual fees, late fees at or less than $25 and no penalty pricing.
"Most credit unions have been receiving a five-star rating," Irving said. "It is highly unlikely those credit unions which have sold their credit card programs to banks will be eligible for the registry, as most of these programs have rates that exceed 18% along with other typical bank fees."
Irving said that, as of its launch, more than 200 credit unions had signed up to take part in the site and that credit unions can register for inclusion in the CCC site through Card Analysis Solutions (www.cardanalysissolutions.org).