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
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
3 minutes ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
1 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
1 hours ago
New video from @mncreditunions Minnesotans share why they love their #creditunions http://t.co/ywfHfVcqm4
1 hours ago
.@BankOnMo hits the gas with social contest at Mo. #creditunions https://t.co/dxfkgq5xDv
2 hours ago