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MADISON, Wis. (1/26/11)--Two recent articles steered consumers to credit unions for free checking as big banks looked for more ways to add fees. Kirk Kordeleski, CEO of $3.8 billion Bethpage (N.Y.) Credit Union, Bethpage, N.Y., said he expects credit unions to benefit from large banks restricting free checking in an article from ConsumersUnion(via NewsdayJan 25). Kordeleski, who noted credit unions have always offered free checking while banks didn’t until about 10 years ago, said Bethpage CU will aggressively promote its free checking. Consumers were advised to “take the money and run” to a credit union as one way to dodge bank fees in a recent Houston Chronicle article (Jan. 23). The article said credit unions typically offer more favorable terms and a more intimate level of service than big banks.
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