HARRISBURG, Pa. -- The Pennsylvania Credit Union Association hasreleased a statement marketing credit union-issued credit cards asbeneficial. Credit unions have sometimes been slow to market theircredit cards on the basis of their lower fees and more consumerfriendly card management practices.

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In its announcement, the PCUA pointed out that credit unioncards in the state carried an average annual percentage rate of11.03%. The national average, the PCUA reported, is 14.39%.

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The difference was even more striking when it came to fees. Theassociation reported that the average late fee for credit unioncards in the state was $15.50 and the over limit fee average was$16.82. By comparison, nationwide late fees averaged $34.09 andover limit fees $36.53. Further, 96% of credit unions did notcharge an annual fee and 92% did not charge a fee on inactiveaccounts.

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"Our research validates what we have been saying, that consumerssave money by using credit unions-which is very important duringour rough economic times," said PCUA CEO Jim McCormack. "Further,other studies have consistently shown credit unions provide bettercustomer service as well."

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