Western Corporate FCU has hopped aboard the American Debt Relief Challenge train, featuring the program today in its monthly Credit Union Essentials Webcast, in an attempt to help credit unions find new revenue streams. The free one-hour telecast will start at 11 a.m. Pacific Time; registration is available at www.wescorp.org.
|The goal of the American Debt Relief Challenge is to increase credit union net revenue while saving consumers $300 million, by promoting and measuring the savings from credit union credit card balance transfer programs. According to ADRC promoters, the average family can save $200 a month by transferring their high-interest bank credit card debt back to a traditional rate at a credit union.
|"Most small and midsize credit unions have $1 million to lend. A credit card balance transfer program promoted through the American Debt Relief Challenge can generate between $90,000 and $130,000 a month," said Jamie Chase, American Debt Relief Challenge founder and principal of Credit Union Strategic Planning.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
Already have an account? Sign In
© 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.
