Mica Minute: Take columnist's advice and ditch bank
WASHINGTON (8/7/07)--In his latest video blog posting, Credit Union National Association (CUNA) President/CEO Dan Mica says every American consumer--tired of being "nickled and dimed" by banks--ought to have an opportunity to join a credit union.
He referenced the July 16 MSNMoney.com column called "Ditch Your Bank," which advised readers to join a credit union if they were sick of getting hit with fees, earning poor interest rates and being treated like a "nuisance" by a bank.
"Banks are earning record profits, yet they continue to nickel and dime American consumers," said Mica, who pointed out that credit unions are not-for-profit financial institutions.
"There ought to be an opportunity for every American to join a credit union," he said. "Plenty of room exists in this country for both banks and credit unions...it's time to tell bankers to knock it off."
Use the resource links to access Mica's blog, or go to www.danmica.com.
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