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
IFox BusinessI IYahooI IKiplingerI size up CUs
MADISON, Wis. (8/24/12)--With more public awareness of credit unions today, media such as Fox Business, Yahoo, Kiplinger and Bankrate.com are telling consumers what a credit union is and what to look for when choosing one.

Look for convenience, shared branching, educational opportunities, technology and stability, says Bankrate.com in Foxbusiness.com (Aug. 20). Since members can get the same service at any member credit union that they do at their regular one, shared branching makes credit unions seem much "infinitely larger," said Bruce McClary, spokesman for ClearPoint Credit Counseling Solutions in Seattle in the article.

Because a network of credit unions nationwide shares information, shared branching allows credit union members to access thousands of convenient locations to conduct financial transactions, Bankrate said.  

Costs, services and safety are three key points in favor of credit unions, according to Kiplinger.com (Aug. 23). Since credit unions are nonprofit organizations, they can offer more cost-related benefits. Without the driving force of making a profit, credit unions can pay out more interest on member accounts and charge less in fees. Also, most credit unions impose no minimum-balance requirements, Kiplingers said.  

Checking accounts at credit unions was the topic of a Yahoo! Finance article. About 72% of credit unions surveyed nationwide offer free checking accounts, according to Bankrate's 2012 Credit Union Survey (finance.yahoo.com Aug. 23). Also, 30% of credit unions surveyed charge no fee for ATM use outside the ATM network or provide a minimum  of one free withdrawal per week before a fee is applied, compared with 29% of banks surveyed in 2011, Bankrate said.

Besides better pricing and the convenience of shared branching, credit unions also offer free financial education to members such as advice on improving their credit scores, debt assistance, buying a home and making intelligent investing decisions, said BankVibe.com (Aug. 22).

To read the articles, use the links.
Other Resources

RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
1 hour ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
11 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
12 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
15 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago