A deal announced last week between the Harvard Alumni Association and the 31,000-member $409 million Harvard University Employees Credit Union has guaranteed that at least 4,500 alumni of the university will carry the credit union’s credit card.
Card deal with alumni association a relative rarity in way it was structured.
Harvard University Employees Credit Union wins right to buy portfolio from Barclays Bank and create affinity program through PSCU.
Money from around the world pours into Harvard University, and into the accounts of members of Harvard University Employees Credit Union.
WASHINGTON — The woman setting up the new Bureau of Consumer Financial Protection said the bureau will be a strong ally of credit unions that "want to work on behalf of their members."