An annual report prepared for Congress by the Consumer Financial Protection Bureau and released last month documented that credit unions have continued to sharpen their skills when it comes to managing and growing affinity card programs with colleges and universities.
Illinois, Indiana, Michigan credit unions score high in report to Congress from CFPB.
It’s rare that a novice credit union member signs up for his or her CU’s credit card right off the bat. The first account is usually a savings or share account, often followed by a checking account for the debit card. Sometimes if there is an indirect lending program, new...
The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.
A report from the Federal Reserve indicates more CUs issuing credit cards in affinity with colleges and universities