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
IMoneyTalkNewsI says Leave bank join a CU
NEW YORK (4/22/11)--A MoneyTalkNews.com article Tuesday about a survey that indicates 51% of consumers polled would shop for another bank if their bank increased its fees offered this advice: Find a new bank. "Or better yet, don't use a bank at all. Use a credit union instead." "Why It Might Be Time to Leave Your Bank--and 3 Steps to Replace It" also referred readers to the Credit Union National Association's credit union locator to get a list of credit unions nearest to the reader. Finding a new bank or credit union is step No. 1. The other two steps? Ease away from the old bank with a "switchkit"--a collection of paperwork needed to redirect your direct deposit and automatic bill payment to the credit union. And avoid cashing out and closing down without giving the old account time to clear all the checks and automatic deposits and withdrawals. The article also reported on a survey by the National Foundation for Credit Counseling, which asked 2,200 people what they would do if their bank raised its checking account fees. Fifty-one percent said they would shop for another bank, while 16% would complain to the bank, 16% admitted they probably would never notice, 11% would grin and bear it, and 6% would close the account and use a prepaid debit card. To access the full article, use the link.
Other Resources

RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 hour ago