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CU Card Programs Make Larry King Program 
12/14/2009 

Credit union credit card programs received a national push on Larry King Live on Dec. 10 when noted consumer advocate Suze Orman promoted the cards and the low interest rates at federally chartered credit unions.

 

When a viewer e-mailed a question about moving her balance from a bank credit card to a CU credit cards, Orman responded:

 

“Yes, yes, yes, yes. So here's my new thing, credit unions–especially ones under that are federally chartered, so to speak–the maximum interest rate they can charge you is 18%” Orman said in response to the question, according to the show's transcript.

 

 “Now, while that may sound like a very high interest rate, the truth of the matter is many of these banks today are charging 29.99% interest.  So here is what I am suggesting. I think the United States of America–all of you should start looking into credit union credit cards and do a balance transfer,” she added.

 

Orman also directed consumers to the new site, creditcardconnection.org, founded by CU card analyst Ondine Irving to help consumers find a credit union issued card in their areas.

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