Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
How Wright-Patt saved members 26M
FAIRBORN, Ohio (5/3/10)--Wright-Patt CU, Fairborn, Ohio, saved its members more than $26 million in direct financial benefits during 2009. The Credit Union National Association (CUNA) estimated in its annual Benefits of Membership report that the credit union provided $1,268 in savings throughout the year for households with “high use” of the credit union. CUNA’s report compares credit unions’ dividend rates, loan rates and fees to those of other banking institutions. The 2009 report shows an increase of more than $3 million for the credit union from the previous year’s report. The following shows how Wright-Patt’s products and services compared to area banks:
* Classic credit card: 8.70% lower rate; * Credit card late fee: $15 lower fee; * Regular savings ($1,000 balance): 0.52% higher return; * Checking nonsufficient funds fees: $5 lower fee; * Mortgage closing costs: $359 lower; and * 60-month new car loan: 1.72% lower rate.
In the past two years, Wright-Patt also paid more than $7 million in excess earnings to its membership in special patronage dividends. Wright-Patt has $1.7 billion in assets.
Other Resources

RSS





print
News Now LiveWire
#NewsNow CUs as public funds depositories high on Fla. legislative agenda http://t.co/pt5UF4Zutk
25 minutes ago
#NationalConsumerProtectionWeek begins Monday. http://t.co/BFLiUN7Twc
1 hour ago
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
2 hours ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
17 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
18 hours ago