New credit card to pay royalty to ULV

by Angelica Martinez
Staff Writer

Designed to be used wherever Visa is accepted, the new ULV credit card will soon be available for students, faculty, staff and alumni.

Its benefits include competitive rates on balances that are transferred onto the card, as well as a small royalty for the University each time the card is used. Persons who apply and are “credit worthy will be able to use the card,” said President Stephen Morgan.

Coordinator of the ULV credit card program and former ULV Alumni Director, Donna Redman-Nasmyth thought of the ULV card as yet another way to help ULV and its members. The card is to carry the ULV name and emblem as well. “I’m pretty excited about this. It is a way to give back to La Verne without having to write out a check,” Redman-Nasmyth said.

A year ago, Redman-Nasmyth consulted the Executive Committee of the Board of Trustees about the ULV card.

“I initiated the project. I thought it was real important and more and more institutions are doing it,” said Nasmyth. Upon their acceptance of a ULV card, Redman-Nasmyth began researching firms like MBNA.

Sometime this fall, MBNA will be on campus to recruit students who apply and qualify for the card. Students will not be approached through mail applications. However, faculty, staff and alumni will be informed of the card as soon as it is available.

Dr. Jean Bjerke, vice president of University Relations believes the card “is an excellent idea.”

Dr. Morgan also believes the credit card to be an asset for ULV members. “Our hope is that [the credit card] is one more way to be connected to ULV.”

Angelica Martinez

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