Recently there's been some confusion and misinformation circulating about the Purchasing Power program, how it works, what it costs, and who benefits.
Purchasing Power is a program offered through CSEA Member Benefits. The program allows CSEA members to purchase computers and other electronics through payroll deduction. The payroll deduction is spread over 12 months, and requires no credit check. On a sample Dell system, the cost using Purchasing Power payroll deduction was about 13.7% higher than paying up front at the time of purchase.
For people who want to spread the cost of a purchase out over a year, and who either don't have low-interest credit available or prefer to keep it free for other things, this program can be a good option. As of this morning, 653 CSEA members have taken advantage of this member benefit. CSEA and its affiliates do not profit from this program.
Potential member benefit offerings are investigated by the CSEA Member Benefits Committee with the support of staff. The Member Benefits Committee is composed of volunteers from all the CSEA affiliates, and Committee meetings are open. Anyone interested in how member benefits are selected is encouraged to attend the meetings or contact members of the Committee. CSUEU members on the Member Benefits Committee are Peggy O'Neil-Rosales and Richard McGee.
CSUEU is an affiliate of CSEA; CSUEU members are CSEA members and are eligible for CSEA member benefit programs.
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Friday, April 11, 2008
Purchasing Power Program
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