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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.

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