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CNN offers inflation fighter Join a CU
NEW YORK (3/21/08)--CNNMoney.com advises those looking to avoid the effects of inflation to join a credit union. “Beat inflation at home,” an article published yesterday, noted how the tough economy has contributed to the rise of banking fees--from overdraft fees to ATM surcharges. The article advised readers to join a credit union because they “generally have lower fees” than traditional financial institutions (CNNMoney.com March 20). The article also advised consumers to link their checking and savings accounts, pay bills online, and contact credit card companies to try and waive late fees. Other major media outlets, such as the Washington Post and Dow Jones News Service have also advised consumers to join credit unions. Dow Jones and the Post noted that credit unions tend to offer better loan rates than banks (News Now Dec. 27.). For more information, use the link.
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