A press release dated today from Bank of America is headlined “National Education Association and Bank of America Renew 30-year Banking Partnership” and contains this quote:
“Endorsing a credit card program was a new venture back then, but it has really paid off for our members,” said Gary Phoebus, president and CEO of NEA Member Benefits. “It was really an easy decision to extend this partnership because of Bank of America’s nationwide presence, world-class credit card products, industry recognition as best-in-class in credit card fraud prevention, and their responsiveness in meeting our members’ needs. At NEA Member Benefits, we take pride in being advocates for members and providing them valuable and trustworthy service — throughout their careers and beyond.”
A quick Internet search turned up a few more attributes of Bank of America:
* And also dated today “Why Bank of America Should Be Stressed”
For those of you who complain that NEA gives too large of a percentage of its political money to Democrats, Bank of America provides a partial offset. The percentages of its political contributions to Republicans over the last three election cycles are 64%, 72% and 65%.