The Golden 1 reported that it distributed $3.75 million in rebates to members that held its Visa credit card.

The $7.7 billion CU has a card portfolio of more than 74,000 cards with $189 million in balances, as of the end of 2010.

The CU said members earned the 1% cash rebates on qualified purchases with some of the CU's Visa credit cards. The Golden 1 has paid out nearly $30 million in card rebates since the launch of the program.

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

  • 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.
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.