X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>WASHINGTON – The recently highlighted problem of military members charging inappropriately to credit cards does not impact credit unions that primarily serve military members, according to the Defense Credit Union Council (DCUC). No credit unions participate in the DOD’s Travel Card or Purchase Card programs, said Roland “Arty” Arteaga, president of the DCUC. “That contract was let go about three years ago and Bank America got it,” Arteaga said. “I guess they are the ones having the problem getting paid.” Defense Secretary Donald Rumsfeld has asked the Pentagon comptroller to investigate reports that defense workers and military officers have abused their government issued credit cards. Both Pentagon Federal Credit Union and Navy Federal Credit Union, two of the largest defense credit unions, have credit card programs but restrict them to their members and do not have the government as a customer. “We issue our credit cards to our members, not any organizations like the government,” said Navy Federal spokeswoman Loren Moeller. Veronica Delaney, marketing officer with Pentagon Federal reported that as well. Both credit unions have specific programs to educate their members about prudent credit card use.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.