Baxter Grows Online Bill Pay By33%

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VERNON HILLS, Ill. - (08/20/04) Baxter Credit Union (BCU) said thenumber of members who have signed up for online bill pay grew 33%in the just-ended three-month period in which it offered theservice free. It offers the online bill payment product throughPSCU Financial Services, St. Petersburg, Fla. Baxter said growth ofthe service had been “stagnant” prior to moving towaive fees effective April 1. Its offer, designed to boost memberloyalty, was open to all “Rewards” members who haveeither direct deposit of at least $500 per month, $25,000 ondeposit in any account, hold $20,000 in a single Skyline MoneyMarket account, or members with Advantage Plus checking accounts.Those members continue to receive the service at no charge, as domembers who make three payments in one month receive the servicefree regardless of Rewards status. Non-rewards members pay anominal monthly fee.

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