Dear alumni,
Thank you for completing the SSCAA Private Label Credit Card survey in July 2008. The survey result is posted on the SSCAA’s web site (http://www.sscaa.org/news/Summary_CreditCardSurvey_20080714.pdf). I would like to share with you the latest project development.
The survey result was analyzed and discussed at the July 2008 Alumni Development Subcommittee meeting, with a recommendation to proceed. However, at the 1st meeting of the 2008-2009 Executive Committee in September 2008, after careful consideration of the recommendation and the changing economic circumstances, the Executive Committee decided to put the project on hold until a later more suitable time.
The decision was a hard one as we believed that the Private Label Credit Card could bring a needed sense of belonging and pride to the alumni community. However, as the program leader for the project, I have observed that the economy is heading to challenging times, and together with the Bank’s demanding terms & conditions, I feel that the Association could better focus its resource in building the networking and supporting among our alumni, instead of additional financial consideration for our alumni. As such, I made the recommendation to the Executive Committee to hold. When a more suitable opportunity arises, I will re-initiate the discussion, and I look forward to your continual support in the future.
Thank you.
Samson Lee
Vice President