ST PETERSBURG, Fla. - Credit union card rewards programs, once a relative rarity, have kept on growing. Now, PSCU Financial Services, the card processing cooperative for more than 500 credit unions which use First Data Corp's platform, has reached a rewards milestone. More than one million cardholders nationwide now use the cooperative's CURewards loyalty program. Credit union card programs with CURewards provide credit and debit cardholders the opportunity to earn points that can be redeemed for more than 500 items of brand name merchandise, as well as travel options that include cruises and weekend getaways as well as hotel and car rentals, the coop said. "The ability to reward cardholder loyalty is no longer an optional enhancement. Having a comprehensive and convenient rewards program is mandatory to maintaining a competitive position in the marketplace," said David J. Serlo, President of PSCU Cards with a rewards program post an average of an additional 23 transactions a year, adding about two more transactions per month over cards without a rewards program, Serlo said.

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.