GE Money and NAMM, the trade association of the international music products industry, today announced a multi-year extension of their consumer financing agreement, originally formed in 2003 and managed by GE Money’s Sales Finance unit.
“Our continued partnership with GE Money provides our Members and their customers with a great solution for financing their music product purchases and bringing the proven benefits of making music into their lives,” said Joe Lamond, president and CEO, NAMM.
The GE Money Music Program is a private label credit card specifically for NAMM member retailers that provides music enthusiasts with a number of benefits targeted towards their needs when buying an instrument, music, accessories, classes and related purchases. Benefits include a wide range of payment options including 90 days with no-interest financing and low monthly payments; 0.50% back on all standard purchases; instant credit, easy applications, solid customer service and low risk; and fast credit of sales with most funds transferred within 48 hours.
“The GE Money Music Program provides fast, convenient financing, making musical purchases more affordable for consumers,” said David Luster, vice president of sales for GE Money – Sales Finance. “Our flexible options for NAMM Members include revolving and installment credit programs backed by reliable customer care- a combination that’s proven to drive more music sales.”
The International Music Products Association, commonly called NAMM in reference to the organization’s popular NAMM trade shows, is the not-for-profit association that unifies, leads and strengthens the $17 billion global musical instruments and products industry. The association’s activities and programs are designed to promote music making to people of all ages. NAMM is comprised of more than 9,000 Member companies. For more information about NAMM, interested parties can visit namm.org or call 800-767-NAMM (6266).
About GE Money
With more than $200 billion in assets, GE Money (gemoney.com), a unit of General Electric Company, (NYSE: GE) is a leading provider of retail banking and credit services to consumers and retailers in more than 50 countries around the world. With more than 130 million global customers, GE Money, based in London, UK, offers a range of financial products, including private label credit cards, personal loans, bank cards, mortgages, debt consolidation and home equity loans and credit insurance. GE Money’s Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices and service providers in 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, sporting goods and travel.
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work.