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iCNNMoneyi names two CUs among seven awesome FIs
MADISON, Wis. (10/13/11)--As big banks continue to feel the heat in the media for charging high fees, a CNNMoney article Tuesday identified two credit unions as awe-inspiring in a recent article. In the article, “7 banks that are still awesome,” Alliant CU, Chicago, and Connexus CU, Wausau, Wis., were spotlighted for their free checking and accessibility. “Alliant is one of the largest credit unions in the U.S.,” the article said. “And while it’s located in Illinois, residents in any state can join if they meet certain requirements.” Alliant, with $7.8 billion in assets, offers a checking account with no monthly service fee and no minimum balance requirement, according to CNNMoney. Connexus CU, with $341 million in assets, offers a checking account with no monthly service fee and no minimum balance requirement. The credit union offers a 1.75% annual percentage yield on checking account balances of up to $25,000 for members who use their debit cards at least 10 times a month, make one direct deposit each month and receive electronic statements. “The account is free, carries no minimum balance requirement and comes with free online banking, mobile banking and online bill pay,” the article said. To read the article, use the link.
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