SimplyCredit to cease operations

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SimplyCredit, a strategic partner of the New York Credit Union Association, is discontinuing operations and will cease to support their payment platform for members on Oct. 31.

The SimplyCredit platform enabled consumers to refinance high-APR credit card balances with participating New York credit unions using a mobile and web interface. A number of New York credit unions were utilizing SimplyCredit’s services at the time of their announced closure.

Impacted credit unions have been contacted by SimplyCredit and the Association. For credit unions that need assistance with transitioning or closing out their SimplyCredit accounts, contact the Association’s compliance department at compliance@nycua.org or (518) 437-8147.