Posts tagged union credit cards

    News Article Research ● Unions

    Sanders and Hawley’s Interest Rate Cap Would Ban Their Union Allies’ Credit Cards

    February 10, 2025 // They should have checked with their union boss pals before taking such a position. Many major labor unions have deals with banks to offer branded credit cards as a member benefit. Some of them can charge interest rates in excess of the 25 percent rate Sanders finds extortionate, and nearly all of them charge higher than 10 percent. One of the most common credit card partnerships for unions is with Capital One, which offers a Union Plus Mastercard. It is marketed as “Built for Union Members. Backed by Union Members,” and accounts are limited to active or retired union members or their families.

    AFL-CIO AFSCME AFT American Postal Workers Union Bank of America Bernie Sanders Capital One credit cards CWA DOL Donald Trump First National Bank of Omaha IBEW Interest Rate interest rates International Association of Machinists and Aerospace Workers Josh Hawley NEA organized labor Randi Weingarten Sean O'Brien SEIU Teamsters UAW union credit cards Union Plus union rate unions United Steelworkers

    News Article ● Corruption Labor Unions

    Former UAW treasurer pleads guilty to stealing more than $2M in union funds

    March 30, 2022 // The former treasurer and secretary for UAW Local 412 pleaded guilty to charges of embezzling union funds and money laundering after he stole more than $2 million in union funds. According to the Associated Press, Timothy Edmunds, 54, entered his plea last Friday during an appearance in U.S. District Court.

    auto union cars cashing local checks child-support payments corruption embezzle former treasurer and secretary formerly Fiat Chrysler gambling guns Local 412 Matt Durr Mlive money laundering Stellantis Timothy Edmunds transferring money U.S. District Court UAW UAW Auditors UAW finances UAW Local 412 union credit cards