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Please help improve this . Author needs help; can't get to a version that admins find acceptable; it's been ruled too critical and not critical enough; can't see most old versions of it or any of Upfront Rewards. So please help with editing or by expanding it. Further information might be found on the talk page or at requests for expansion. (May 2008)

Universal Savings Bank is a controversial US thrift institution (not a Bank, in the regulatory sense), that is in the consumer credit business.

[edit] Parent company: Universal Savings Banc Holdings

• President: Ronald Zebeck, "an industry legend who knows credit cards" according to Chairman David Beck, but was fired for cause by the board of directors of his previous employer [1], [2], Metris.
• CEO: A. Wayne Johnson
• Chairman: David Beck

[edit] Products

[edit] Upfront Rewards

This credit card offers a computer (the 'upfront reward') worth about $300 to customers who implicitly agree to pay the company approximately $2000 to obtain a credit card and borrow some money for about a year, and makes similar offers through regular TV and junk mail advertising in the USA. The terms of the offer have led to widespread criticism. ^[1] Note: I'll be back to fill out this article ASAP. I'm waiting for admins to cooperate by providing researched content from previous versions of Upfront Rewards. Last version had an epinions link.