ARLINGTON, Va. and BASRA Iraq - Iraqis will be getting someadvice on good credit from a U.S. credit union. Information aboutthe wise use of credit cards will be televised in Iraq onAl-Iraqiya Television, the station operated by Harris Corporationunder a $96 million Pentagon contract. The TV channel held aninterview with Susan King, Community Outreach Co-ordinator of theState Department Federal Credit Union (SDFCU). The filming was doneat SDFCU headquarters in Arlington, Virginia. King discussed theimportance of consumers staying within budgets, security and fraudavoidance. Because there are no firms offering credit histories,decisions to grant credit cards will be based on reputation andrelationships. The Iraq Central Bank (ICB) announced in March thatthe National Company for Limited Financial Services, a private firmwith the Bahrain bank as the major investor would begin issuing theAl-Fayha Credit Card in Basra. If successful, there are plans toexpand into other Iraqi cities, according to Zuhair Ali Akbar,Director General of the Basra branch of the ICB. "For the firsttime, we will have an Iraqi credit card, which is certain toincrease trust between shop owners, creditors and customers, and tocontribute to the development of banking in Iraq," he said. TheSDFCU interview was set up by the State Department, according toJoan Kayne, SDFCU vice president of marketing and businessdevelopment.

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