More than 74,000 have credit cards through Penn State Alumni Association

From The Philadelphia Inquirer: A report released by the Federal Reserve Board of Governors on says Pennsylvania State University had the most open credit card accounts through a marketing agreement with its alumni association of any college or university in 2009. Under the Credit Card Accountability Responsibility and Disclosure Act, credit card issuers must disclose details annually of their agreements and payments to colleges, their alumni associations or other higher education-related groups. The Penn State Alumni Association had 74,832 total accounts opened at the end of 2009, compared with 38,358 accounts for the University of Michigan, and 36,731 for Texas A&M University.