PHOENIX, Ariz. – The $1.3 billion Arizona FCU is upgrading its 30,000-card portfolio by rolling out new platinum cards with a rewards program to all of its members who currently hold either a classic or gold card. “We are thrilled to be able to offer our customers the opportunity to be able to qualify for a platinum card and receive all the benefits that go along with it,” said Larry Schoeberl, director of card services for Arizona Federal. The credit union is issuing the platinum rewards cards to all its members because it wants everyone to have the incentives to increase card use, but will also put a tiered interest rate structure into place to reflect any increased risk from which might come with some of the conversions from classic or gold cards. “We cater to the middle-market customer and we realize that many of our members may be first time card holders. We want to give them the best service we can by giving them the opportunity to have a platinum card, but we also want to give them the skills they need to be sensible with their purchases,” said Schoeberl.
According to the agency’s Spring 2019 regulatory agenda, this issue will not receive any regulatory action within the next 12 months.
Organizations face threats, gaps and investment issues as they try to solve the problems behind hybrid IT access.
Callahan finds fewer mortgages and slower car sales attributed to the drop.
Sponsored by Abrigo
Discover where fellow credit unions are in their CECL preparation, insights to help you benchmark your efforts, and the array of approaches other organizations are taking towards compliance.
Sponsored by Kaufman Hall
Build a better budget! Learn 6 best practices for leveraging the appropriate financial and operational data, processes and tools to improve planning, efficiency and accuracy to drive improved profitability.
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.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.