HARRISBURG, Penn.-At a time when many of the big card issuers are scrambling to create new fees and raise rates on existing balances, Pennsylvania State Employees CU is lowering the rate on certain card balances.

Holding one of the largest CU credit card programs with $420 million in balances, PSECU lowered the rate on VISA balance transfers from 4.9% to 3.9%. The rate is good until Dec. 31, 2011, at which time it reverts the CU's standard 9.9% rate. PSECU does not charge a balance transfer fee.

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