AmEx Claims New CU Wins

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NEW YORK - (03/01/05) -- American Express said it has signedfour more credit unions to issue AmEx cards through its exclusivedeal with MBNA Corp. The four credit unions, Ely Lilly FCU, FirstCU, Knoxville TVA Employees CU and Technology CU, will beginmarketing the MBNA Rewards AmEx Card later this spring. The fourfollow in the footsteps of Desert Schools FCU, which began offeringthe AmEx card last fall, the first credit union to offer the cardsince last year's court rulings requiring MasterCard and Visa toscarp their exclusivity clauses preventing their card issuers fromissuing competing cards.

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