Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ITheStreet.comI author CUs online banking a plus
NEW YORK (4/24/08)--Credit unions receive attention in a personal finance guide's chapter on choosing an online bank. The excerpt from "You're So Money: Live Rich Even When You're Not" was featured Tuesday on TheStreet.com. The excerpt from the book by Farnoosh Torabi, senior correspondent for TheStreet.com, lists five things to consider in picking an Internet bank. No. 2 on the list is: "Check in with credit unions." Torabi has had saving and checking accounts with the Digital CU, a $3.9 billion asset credit union based in Marlborough, Mass., since she was 17. She notes the benefits of credit unions as not-for-profit institutions, including "they don't have to subject their banking clients to exorbitant fees, like for-profit banks do." She mentions one caveat: credit unions have fewer branches and ATMs, and since she moved to New York, it's impossible to visit a DCU branch. However, she hasn't needed to go to a branch the past 10 years because of the credit union's online presence, which she called "crucial" to her being a member. She suggested readers check out CUNA's consumer website, www.creditunion.coop, as a place to locate a credit union. For the full article, use the link.
Other Resources

RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
2 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
5 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
5 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
5 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
6 hours ago