Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
IWashington PostI CUs offer better rates fees
WASHINGTON (7/28/09)--Credit unions offer higher savings rates, lower fees and great personal service when compared with bigger banks, said the Washington Post Sunday. Although big banks also want consumers’ business, they are alienating customers by charging higher fees and employing more stringent lending standards, the newspaper said. Even as competition for business increases, the bigger banks, such as Bank of America and Wachovia, continue to raise fees, the Post added. However, credit unions are different, the paper said. It also pointed readers to the Credit Union National Association’s website and research. “Credit unions focus on their members (and almost anyone can join one),” the Post said. “According to a study by the Credit Union National Association, credit unions charge an average of $25 for overdrafts; banks charge an average of $30. “To find one, check out the Credit Union National Association’s site. You may be eligible to join one where you work or live or because a family member belongs,” the paper added.
Other Resources

RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
11 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
14 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
15 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
16 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
16 hours ago