Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Eight CUs five banks start Bank on Baton Rouge effort
BATON ROUGE, La. (1/17/12)--Eight Baton Rouge, La.-area credit unions are participating with five local banks in a public-private partnership, called Bank on Baton Rouge, which will offer free or low-cost financial accounts to residents who do not use financial institutions.

The credit unions and banks will reduce or waive fees for participants who open checking and savings accounts.

Depositors also will have their overdraft charges eliminated, and their monthly minimums for account balances will be waived.

An estimated 12.1% of Baton Rouge households are unbanked, Kip Holden, Baton Rouge mayor-president, told the publication, adding that over a life time, a person without a credit union or bank will spend an average of $40,000 to cash checks.

Credit unions involved in the partnership are:

  • Baton Rouge City Parish Employees FCU;
  • Baton Rouge Telco FCU;
  • Neighbors FCU;
  • Pelican State CU;
  • Campus FCU;
  • Southern Teachers & Parents CU;
  • Dow Louisiana FCU; and
  • E FCU.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
10 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
11 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
11 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
12 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
13 hours ago