*APR Is The
Annual Percentage Rate.

VISA/Personal Loans

American Lake Credit Union joins national challenge to save consumers $300 million: Local families get relief from high-interest credit cards.

Lakewood, WA  4-15-2009 – American Lake Credit Union joined the American Debt Relief Challenge to save members from rapidly increasing credit card rates. The American Debt  Relief Challenge measures the savings of consumers here in Lakewood and Tacoma, for the state of WA and tallies the savings nationally.

"This program works because not-for-profit credit unions have lower credit card rates than for-profit banks," said Bob Manning PhD, author of Credit Card Nation. "When you transfer your debt to a credit union, more of your monthly payment is applied to reducing the debt and less to cover a high interest rate."

Countless people across America are burdened by credit card debt that is defaulting to all time high interest rates. “Corporate bank default rates are as high as 30%, but average at 26.87%,” said Manning. The American Debt Relief Challenge was founded to specifically measure the savings for the millions of Americans burdened by these default rates, as they are returned to a traditional rate by transferring their balance to a not-for-profit credit union.

“The families of Lakewood and Tacoma deserve better than sky-high interest rates and predatory banking practices,” said M. Earlene Fantz, President/CEO at American Lake Credit Union. “We will never subject our members to a default rate because we are here to serve our members, not to maximize profits.”

Many consumers, even consumers with perfect credit scores are seeing their credit card rates increase for the first time as the banks respond to the credit crunch. The average American consumer that switches their credit card balance from a mega-bank default rate to a traditional rate at American Lake Credit Union will save about $200 a month, or more than $13,000 over the life of the card. “We are doing this because we know that $200 can help most families make their car payment or purchase groceries each month,” said Fantz.

Anyone who is interested in transferring their credit card balance to American Lake Credit Union and finding how much money they can save can contact our loan department at 1-800-244-0874 or visit www.americanlake.org.

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American Lake Credit Union was established in 1948 and serves any member who lives or works in Washington state..

VISA Credit Cards

VISA Classic
American Lake Credit Union offers two Credit Cards that are accepted around the world and offer the flexibility you need in a credit card. The Visa Classic Credit Card rates are as low as 8.90% APR * and Visa Platinum Credit Card rates are as low as 6.90% APR*.

Both cards feature:

• Competitive Low Fixed Interest Rates
• No Annual Fee
• No Transaction Fee for Cash Advances or Balance Transfers
• 25 day grace period
• Access to over 250,000 ATMs around the world.
• Acceptance at more than 12 million merchant locations in 247 countries.
• Global customer assistance 24 hours a day.
• 24-hour access to your account through Home CU
• 24/7 Fraud Protection – many procedures are in place to make sure your Visa account is less likely to be used for fraudulent purposes

In addition, our Visa Platinum Credit Card comes with the Extra Awards Program that encourages you to use your card for all purchases. With many reward programs, you have to choose one option when redeeming your points. Not at American Lake Credit Union. You can choose to redeem your Extra Awards points for:

• Cash
• Gift certificates
• Airfare
• Hotels
• Car Rental

And more
The points are easy to redeem, and because you get one point for every dollar you spend, they add up quickly. To learn more about Extra Awards or to redeem your points click the following link https://1020.extraawards.com.

Personal Loans
American Lake Credit Union offers a variety of loans. We have competitive rates, plus flexible terms including no prepayment penalties. Even making payments is easy, with options like automatic payroll deduction, transfer payment programs and telephone and online transfers.

Secured Loans
Low Interest Loans Share Secured Loans