Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
IWalletpopI CUs a good option for fee-weary consumers
MADISON, Wis. (11/23/09)--“Fee-weary consumers” looking for a respite from bank fees and charges should consider credit unions and small community banks, according to a Friday column in WalletPop. The column, “How to find a small bank or credit union” by Martha C. White, said that many readers wrote in response to a previous column about sneaky bank practices that consumers should “ditch the big bailout-recipient banks in favor of small community banks or credit unions.” As a result, Walletpop talked to some professional finance advisers for their input on the matter. The article mentions the first step for consumers is to use the Credit Union National Association’s (CUNA) credit union locator tool to find a credit union their area that they can join. (See the link). “I think a partnership model is better than a corporate profit model when you're selling a service,” Kathleen Day, spokesperson at the Center for Responsible Lending, told Walletpop. “ … A business model mandating that profits be funneled back into the enterprise is, for many consumers, a big selling point,” White wrote. “Especially if you have a large nest egg you plan to keep in a savings account, it’s worth your while to seek out a bank or credit union that will give you a decent interest rate,” White concluded.
Other Resources

RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
9 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
9 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
11 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
12 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
12 hours ago