11-30-2010: Changes to Credit Union of Ohio Visa Cardholders
New rules from the Federal Reserve will affect all Visa Cardholders at Credit Union of Ohio. If you are a cardholder, you do not need to sign additional paperwork for these changes to be effective. The changes are automatic and are effective January 1, 2011. They are:
- The minimum payment will be 2% of the balance or $25.00, whichever is greater.
- Late fees will be $25.00.
- The minimum payment will include any unpaid interest and fees that are due.