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News Now

CU System
IWash. PostI reports on CUs FIs Bank-on-DC effort
WASHINGTON (5/4/10)--The District of Columbia's Bank on DC program, in which six credit unions have played key roles, grabbed the attention of The Washington Post Monday. In "D.C. program offers fee-free bank accounts to the 'underbanked,'" the Post described how banks and credit unions are helping users avoid an average of $800 a year in check-cashing fees." The program aims to open 10,000 new accounts and establish 10,000 direct deposit accounts for D.C. residents by the end of the year. Credit Union National Association President/CEO Dan Mica and Mike Beall, president/CEO of the Maryland and District of Columbia Credit Union Association, helped unveil the "Bank on DC" program at Credit Union House last week. Participating in the program are Agriculture FCU, District Government Employees FCU, Signal Financial FCU, Treasury FCU, DVA FCU, and HEW FCU. Credit unions were mentioned as a group several times in the article.


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