Yesterday, an article ran in the Daily Camera, followed by a story on ABC Channel 7 News. Both imply that CU Boulder is padding its pockets by providing student mailing lists to credit card companies to aggressively sell credit cards. Fortunately, neither CU Boulder nor Elevations Credit Union is engaged in this practice. While Elevations’ agreement with CU Boulder has a provision for a quarterly participation fee for the Buff OneCard, Elevations does not:
-buy student mailing lists; aggressively market credit cards to students
-send direct mail solicitations to students; encourage students to financially get in over their heads with credit cards
-get rich from our agreement – nor does CU
However, Elevations does:
-provide financial literacy education both on campus and through our online FoolProof program
-serve as a resource to the University for unbiased consumer financial information
-support CU programs and provide scholarships to students
Elevations Credit Union was established on the steps of Macky Auditorium at CU in 1952. We have worked together for 58 years to provide financial solutions for a better life and a better community. CU Boulder is entertaining proposals from other financial institutions for the services we currently provide. I want to personally thank the one in every four households in Boulder County who are members of Elevations; many of you are faculty, staff, students and alumni. You have supported this partnership since its beginning. It is our hope that when the University reviews all of the proposals, they conclude that Elevations will continue as their partner for many years to come. We applaud the attempt of these reporters to expose unscrupulous acts that banks across the nation participate in that exploit consumers, particularly university students. Fortunately, neither CU Boulder nor Elevations Credit Union participates in such practices.
Gerry Agnes
President and CEO
Elevations Credit Union
Very nice post. I just stumbled upon your weblog and wanted to say that I have truly enjoyed surfing around your blog posts. In any case I will be subscribing to your rss feed and I hope you write again very soon!
Great blog! I really love how it’s easy on my eyes as well as the information are well written. I am wondering how I could be notified whenever a new post has been made. I have subscribed to your rss feed which ought to do the trick! Have a nice day!
Deference to website author , some fantastic entropy. “Consider that this day ne’er dawns again.” by Alighieri Dante.
But wanna comment on few general issues, The site style is perfect, the content material is truly very good : D.
wonderful stage cord pilot. been during the car business enterprise due to the fact 1975 and in no way told a lie only to sell sell a car (told a lot for other motives i guess), as well as in that time i have bought many several cars from your public. the tales they inform are outside of incredible but i guess thats okay for them to stretch the truth for monetary gain. bought a 300 G from the fellow who claimed it had been ran from the “flyin mile” on daytona beach (ormand essentially) in feb 61. turns out the car was built in may well of 61. now that was a fast car i told him, it time travels. his reply “well i had been there, you wern’t”