SOURCE: Union Privilege

Union Privilege

September 19, 2011 07:00 ET

Union Plus Prepaid Card Launches Giving Union Members Access to One of the Highest Savings Rates Available in America Today

New Prepaid Card Is More Cost Effective Than a Traditional Checking Account, Offers Union Members a Savings Account Featuring 5.10% APY on Account Balances

WASHINGTON, DC--(Marketwire - Sep 19, 2011) - Union Privilege, the AFL-CIO member benefits arm, today announced the launch of its Union Plus Prepaid Visa Card.1 For union members who are unbanked, the Union Plus Prepaid Card offers the lowest-cost, feature-rich prepaid card available in the market today. For union members with a checking or savings account, the Union Plus Prepaid Card offers an alternative to traditional checking accounts and the high-cost of overdraft fees. Additionally, the Union Plus Prepaid Card offers a seamlessly attached savings account that pays cardholders an Annual Percentage Yield (APY) of 5.10% on account balances.

"Working families need responsible financial tools that work for them now more than ever," says Leslie Tolf, Union Privilege president. "Our new Union Plus Prepaid Card offers lower overall fees than any general purpose prepaid card currently in the market, while enabling union members to earn the highest possible savings rate on their hard-earned dollars."

Over 30 unions, representing nearly 11 million members, offer the card and high-yield savings account to their members. The Union Plus Prepaid Card requires no bank account or credit check, and charges no activation or overdraft fees. Cardholders can request additional card accounts at no cost for family members, and transfer money card-to-card via text message or using the Internet.

Cardholders can add funds to their Union Plus Prepaid Card via direct deposit, or at over 50,000 retail locations nationwide. The Union Plus Prepaid Card is distributed and processed by Rev Worldwide, which develops and markets a full range of integrated mobile payments and prepaid card solutions. Union members can sign up for the card at

About Union Privilege
Union Privilege, founded by the AFL-CIO in 1986, develops and manages the Union Plus benefits program, which uses the combined buying power of 13 million union members to obtain top quality goods and services at competitive prices. The Union Plus programs include discounted health services, home buying program, credit card, free and discounted legal services savings on AT&T wireless services, travel and recreation discounts, free and discounted legal services and much more. For more information, visit

1 The Union Plus Prepaid cards are issued by Inter National Bank, member FDIC, pursuant to a license from MasterCard International, Inc and Visa USA, Inc. Additional services provided by Rev North America. All trademarks, service marks and registered marks are the properties of their respective owners.

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