Sometimes It Is Better To Get A "No"

In today's difficult economic times, members should be rightfully concerned when they enter into a loan agreement with a financial institution, especially a credit card agreement. With the economy having a negative impact on the profitability of banks, they are tightening their rules on all kind of consumer loans, especially credit cards. By raising rates and fees and having "hidden" fees, the impact on an unsuspecting consumer can be significant.

For example, Mr. X always paid the minimum amount due on time for his bank issued credit card. However, in January the bank triples his interest rate triple to 22%. All legal and all within the "hidden terms" of the agreement that he signed when he opened the account.

We want you to know HFCU does not play these games. There are no hidden agendas or hidden terms in our credit card agreement. Our members have come to trust HFCU and we respect and plan to never betray that trust.

For example, here are just a few things that differ between HFCU and Banks when it comes to credit cards.

So as much as we like to say "Yes" when you apply for a HFCU credit card, we will always say "No" to hiding costs and fees in the fine print. If you don't have a HFCU credit card today, we highly recommend you get one. In the long hall, you will save money and will never be surprised by things hidden in the fine print. If you have a HFCU credit card, consider transferring outstanding balances on any other card(s) you have to your HFCU credit card. By doing so, you will eliminate your exposure to the hidden terms of their card.

You can apply by clicking on "Applications" on the main page of our web site or call us at toll free at 866-684-HFCU (4328).

Sincerely,
Calvin B. Ridenhour
Chief Executive Officer