GE Money Luxury Credit Program Available Through MJSA Retail Members Nationwide
KETTERING, OH and ATTLEBORO FALLS, MA --- May 27, 2010 --- GE Money, the consumer lending Unit of General Electric Company (NYSE:GE - News), and the Manufacturing Jewelers & Suppliers of America (MJSA) today announced a multi-year agreement to offer consumer financing. GE Money Luxury financing provides consumers attractive credit promotions that simplify payments for jewelry purchases. The program is managed by GE Money's Sales Finance Unit, which provides billions of dollars of consumer financing through more than 145,000 small and medium businesses on Main Streets across the United States.
"We are delighted to add the GE Money consumer financing program to our roster of member benefits," says David W. Cochran, president and CEO of MJSA. "GE Money continues to invest in technology, point of sale capabilities, underwriting and marketing, which is important in a changing credit environment. Its easy-to-use online application, competitive interest rates and quick credit decisions will enable our members to increase sales to consumers and improve their cash flow with fast credit funding." Consumers can find an MJSA member showroom in their area via GE Money's online Business Locator.
In addition to offering the Luxury program, MJSA members will have access to GE Money's Web-based finance management portal, Business Center. Business Center provides an easy, secure way to manage credit programs and better serve customers. Thousands of businesses use GE Money's Business Center to securely access all the sales, operational, marketing and training tools they need at the click of a button. Convenient online account management is also available for cardholders.
"Since its incorporation in 1903, MJSA has helped manufacturing jewelers and suppliers of all sizes maintain their competitive edge and achieve maximum profitability," said Regina Leadem, vice president of sales, GE Money -- Sales Finance. "We are proud to partner with MJSA to offer members a resource to help make purchases more affordable for consumers considering a jewelry purchase."
About Manufacturing Jewelers & Suppliers of America (MJSA)
Founded in 1903, Manufacturing Jewelers & Suppliers of America (MJSA) is a national trade association based in Attleboro Falls, Massachusetts that provides the resources and support necessary for U.S.-based jewelry designers, manufacturers and suppliers to compete successfully. For more information, call MJSA at 1.800.444.6572 or visit www.mjsa.org.
About GE Money
GE Money's Sales Finance Unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE), which has extended more than $146 billion of credit to some 50 million consumers in the U.S. since January 2008. Visit GE Capital: Advertising to learn more about GE Capital's role in the American renewal.
GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com, twitter.com/GEMoneyUS, www.gecapital.com and twitter.com/gecapital.
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com, www.gereports.com and twitter.com/ge_reports.
Cristy Williams
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678.518.2596