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Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

908.0. "Discussion of November 28, 1994 BoD Meeting" by WLDBIL::KILGORE (Missed Woodstock -- *twice*!) Tue Jan 10 1995 09:22

     
    This note is reserved for the discussion of the November 28, 1994
    BoD meeting.  The minutes are posted in note 2.41.
    
T.RTitleUserPersonal
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908.1The Xs are backCVMS::DOTENTue Jan 10 1995 09:573
    Ain't secrecy great?
    
    -glenn-
908.2DCU discourages fiscal responsibility?QUARK::LIONELFree advice is worth every centTue Jan 10 1995 11:3220
>The Board
>requested that management attempt to find a solution to charging a fee to
>members who create interchange income by charging large VISA balances, but
>pay off those balances each month.  BOARD CONSENSUS REACHED.

Am I correct in interpreting this as saying that the board wants to charge
a fee to VISA users (like me) who pay off their balance every month?  I
rarely have a large balance (December excepted), but it often runs $500
or so, and I always pay it off to avoid finance charges.  If DCU doesn't
want me to do this, I would be more than happy to accept any of the dozens
of VISA card offers I get in the mail each month and close my DCU account.

I'm sure DCU would rather I join the majority of Americans who keep
revolving balances on their credit cards and pay 14% interest, but I've
managed to escape that costly trap and I'm never going back.

If DCU really doesn't want my business (and the transaction fees it generates),
there's lots of other financial institutions which do.

				Steve
908.3NETRIX::thomasThe Code WarriorTue Jan 10 1995 12:202
Nope.  The board would like to not charge the annual fee against those who
charge large amounts of $$$ to their VISA but pay it off every month.  
908.4$7,200 my @#$%^&*(!!!ROWLET::AINSLEYLess than 150 kts. is TOO slow!Tue Jan 10 1995 12:316
Interesting.  When I was going through this fee waiver battle with DCU a few
years ago, Phil posted something about the break-even point on interchange
income being a lot lower than $7,200 in $$$ charged on the card.  Sounds like
DCU management is trying to sneak another one over on us.

Bob
908.5MOLAR::DELBALSOI (spade) my (dogface)Tue Jan 10 1995 14:3513
re: Concern on the part of Supervisory Committee members that they
    might not be welcome or wanted for reseating, and or that have
    been disrespected

Perhaps they should have given that more thought while they were
carrying out their irrational behaviors over the past 9 months.

re: DCU Company car for CEO

Say what? Is this "one of those perqs without which you can't get
quality applicants"?


908.6Frequent flyer miles?SHARE::MCGRATHWed Jan 11 1995 16:497
    Are there any details availible on the frequent flyer proposal? I was
    planning on dropping my DCU visa and moving to one of the airline
    cards. I'd prefer to stay with the DCU card if I could get miles out of
    it. 
    Thanks
    Joel