Posts tagged Union Plus
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.
How local labor unions are helping members buy homes
January 30, 2024 // Through Thompson’s membership in the American Federation of Government Employees, she and Prescod got paired with a real estate agent and a lender, who gave them “incredible” service and got them down payment assistance and an exclusive loan with no private mortgage insurance. Purchase rebates, discounted homeowners insurance, and discounts on moving vans and supplies are among the assistance local unions are offering.