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Credit Unions Offer 12.5%

1 July 2005

Credit Unions Offer 12.5% On An International Line Of Credit Card

Credit Unions today launched ACCESSCREDIT® a unique secure PIN-based line of credit card. It is a card that provides a continuous revolving line of credit with an interest rate that is lower than many credit cards and other finance options.

“To celebrate the launch of ACCESCREDIT®, Credit Unions will offer a special introductory rate* of 12.5% for a three month period for anyone who signs up for the card between 1 July and 30 September 2005”, says David Smart, the Association’s Manager – Finance.

In conjunction with the MasterCard International brand Maestro®, ACCESSCREDIT® can be used at over 9 million retailers and ATM locations in 93 countries. As the card is PIN-based, it is a safer alternative to travellers cheques and cash.

David points out that, “Unlike traditional credit cards, retailers will not have to pay any commission for accepting ACCESSCREDIT® “

Whether you are planning an overseas holiday, have a special purchase in mind, or simply want another option for day-to-day spending ACCESSCREDIT® offers users an unbeatable deal. Purchases made with ACCESSCREDIT® may receive access to free credit for up to 55 days depending on the date of the monthly statement.

ACCESSCREDIT® details and application forms can be obtained at the following participating Credit Unions:

Caxton Employees Credit Union Ph (07) 323 6326 Credit Union Auckland Ph (09) 579 1026 Credit Union Canterbury Ph (03) 352 3319 Credit Union Health Ph (07) 579 8735 Credit Union Mt Maunganui Ph (07) 575 4806 Credit Union Otago Ph (03) 477 1473 Credit Union Taranaki Ph (06) 758 7348 Credit Union Waikato Ph (07) 834 1692 Harbour City Credit Union Ph (04) 570 0628 Nelson Credit Union Ph (03) 548 9821

The 3-month special introductory rate of 12.5% is the New Zealand Association of Credit Unions requirement for Credit Unions offering this product to their members.

ENDS

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