Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
How Wright-Patt saved members 26M
FAIRBORN, Ohio (5/3/10)--Wright-Patt CU, Fairborn, Ohio, saved its members more than $26 million in direct financial benefits during 2009. The Credit Union National Association (CUNA) estimated in its annual Benefits of Membership report that the credit union provided $1,268 in savings throughout the year for households with “high use” of the credit union. CUNA’s report compares credit unions’ dividend rates, loan rates and fees to those of other banking institutions. The 2009 report shows an increase of more than $3 million for the credit union from the previous year’s report. The following shows how Wright-Patt’s products and services compared to area banks:
* Classic credit card: 8.70% lower rate; * Credit card late fee: $15 lower fee; * Regular savings ($1,000 balance): 0.52% higher return; * Checking nonsufficient funds fees: $5 lower fee; * Mortgage closing costs: $359 lower; and * 60-month new car loan: 1.72% lower rate.
In the past two years, Wright-Patt also paid more than $7 million in excess earnings to its membership in special patronage dividends. Wright-Patt has $1.7 billion in assets.
Other Resources

RSS print
News Now LiveWire
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
3 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
3 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
5 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
22 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
23 hours ago