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Financial Education

What is a balance transfer?

If you have debt with a high-interest APR (annual percentage rate), chances are a balance transfer could help you.

What is a balance transfer, anyway?

A balance transfer is when part or all of a debt balance you owe is transferred to another account, usually to save money on interest rates. When you transfer an existing balance with a high-interest rate, say a loan or credit card at another financial institution,  to a lower rate, the savings can really add up.

How can this help you?

We know that you really meant to pay off those credit cards, but life happens.  Let us help keep your balances lower and ultimately save you money with a SIU Credit Union Visa®. Our promotional rate right now is at 3.9% APR* for 12 months on balance transfer and no balance transfer fees!

Lower Interest = More Savings!
Lower Interest = More Savings!

How can I do a balance transfer?

To get started, click here to learn more about our Visa Balance Transfer offer.  If you already have a SIU Credit Union Visa, simply download the 3.9% APR* PROMOTIONAL OFFER form or visit any of our branches. Don’t have a SIU Credit Union Visa? Click here to apply online or learn more. You can also give us a call at 1-800-449-7301 for more information.


Fine Print: *Annual Percentage Rate. Rates, term and conditions are subject to change without notice. Offer subject to credit approval. Introductory rate of 3.9% APR is good on balance transfers for new cardholders for the first 12 months. Rate applies only on balance transfers. After the promotional period ends, the standard APR for purchases will be applied to all remaining balance transfer amounts. Standard APR ranges between 7.9% – 16.9%. Credit card approval and standard APR depends on creditworthiness and other qualifications. Apply for Visa Credit Card online at or visit any branch location. Membership required. Federally insured by NCUA. Offer begins January 8, 2018, but could end at anytime without notice. Call 800-449-7301 for details. Offer ends February 28, 2018.

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