Affinity Federal Credit Union Offers Tips On Managing Credit Card Fees

November 6, 2009

Available For Comment

BASKING RIDGE, N.J., Nov. 6 /PRNewswire/ -- In light of the newly released Pew Charitable Trust research study, issued by the Pew Health Group's Safe Credit Card Project, which concerns soaring credit card rates and unfair credit card practices, Affinity Federal Credit Union would like to offer your readers tips on how to manage their current credit card fees and their various alternatives. In the Pew study, as well as articles appearing this week in the Wall Street Journal and on Forbes.com, credit union credit cards are being offered as an alternative because they have much lower advertised rates and penalty fees at half the rate of what banks charge. Donna LoStocco, VP, member experience at New Jersey's largest credit union, Affinity Federal Credit Union, is available to offer insight on the study as well as tips for consumers who need more information about:

    --  Understanding what is going on with the credit card industry
    --  Whether or not you should cancel your account
    --  Working with your credit card provider to lower your fee
    --  Applying for another card
    --  Seeking financial advice

    --  The benefits of opening a credit union credit card account (including
        Affinity's own)

To schedule an interview with Donna concerning the study results and Affinity's recommendations, or if you would like links to the PEW study or Wall Street Journal piece, please contact Anna Brodetsky at 732-542-9100, ext. 122.

About Affinity Federal Credit Union:

Affinity Federal Credit Union, New Jersey's largest credit union, is a member-owned, not-for-profit, full-service financial institution with 18 branches throughout northern and central New Jersey with more than 130,000 members from more than 2,000 businesses and organizations and total assets in excess of $1.9 billion. Headquartered in Basking Ridge, Affinity Federal Credit Union has been offering superior financial services with a member-oriented focus since 1935. For more information, visit www.affinityfcu.org.

SOURCE Affinity Federal Credit Union