Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
9 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
10 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
11 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
13 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
13 hours ago