Profiting from usurious tactics:
The program, implemented through an Atlanta company called Purchasing Power, allows the SEANC's 55,000 members to buy items and then make monthly payments through payroll deductions over a year. Although some employees say they like the program because it allows them to purchase expensive items on a payment plan, others say they feel they are being taken advantage of by the inflated costs.
A Playstation 4, for example, retails for about $400, but through Purchasing Power, costs nearly $850. An iPad retailing for as low as $499 will cost nearly $1,000.
The SEANC won't say how much money it makes from the Purchasing Power program, saying only that it is a nonprofit agency and that the money from the program goes back into its membership base.
Here's a clue: when you're a union and a lot of your members have bad credit and/or can't afford to buy appliances without using a
loanshark "nonprofit agency", then your union has already failed in its basic mission.