Posts Tagged ‘Credit Unions vs. Banks’

Banks Go After Credit Unions, Again

For-profit banks are fighting in Congress to take away not-for-profit credit unions’ tax exemption, once again.

This is a fight that has been going on for years. The banking lobby have been seeking to take tax-advantaged status away from credit unions for years.

A new fight…

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Credit Unions Are Still the Best Places to Find Free Checking

New data from Bankrate supports what we’ve known all along: credit unions are still your best option for free checking.

According to Bankrate’s 2017 Credit Union Checking Survey, 84 percent of credit union checking accounts now come with no monthly maintenance fees. That’s a jump from 72…

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Barron’s Take on Credit Unions vs. Banks

A recent article in Barron’s looked at the comparative advantages/disadvantages of credit unions vs. banks. If you’re a credit union supported, (and aren’t we all?), it’s always good to see mainstream coverage of this issue.

The article, by Emily Bary, points out that credit unions…

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Big Banks Sue Credit Unions to Prevent Broadening of CU Membership Rules

Credit unions are trying to modify their membership rules to allow more people to qualify for CU membership, and banks aren’t happy about it. In fact, banks are suing to prevent the changes.

Recently, the National Credit Union Administration announced that it was loosening what are called common bond…

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Americans Trust Their Credit Unions

A new article in CU Times shows proof that people trust credit unions as a source of financial advice.

CU Times’ Jim DuPlessis cites on online survey from consumer analytics company Segmint Inc, finding that, “51% of members looked to their credit union for financial guidance, compared with 50% of…

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Dan Berger Calls Credit Unions “The Champions of Main Street”

Dan Berger is on a roll this week. The President and CEO of the National Association of Federal Credit Unions (NAFCU), Berger has called out Wells Fargo for its anti-consumer behavior. Now he’s marking the anniversary of the collapse of Lehman Brothers by doing what he does best…

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“Credit Unions Are Different from Wells Fargo,” Berger Says

Dan Berger is President and CEO of the National Association of Federal Credit Unions (NAFCU), and he’s got a few things to say about the difference between credit unions and Wells Fargo.

Maybe you noticed the CEO of Wells Fargo being grilled by Congress this week. This came in…

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Bankrate: Credit Unions “Destroy Banks on Yields”

Credit union members are always telling their friends and family that CUs offer the best deal for consumers. However, it’s nice to see an objective news source weighing in – and saying the same thing.

This was the case recently, when Bankrate.com studied deposit rates across the country, and…

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Under Attack from Banks, Credit Unions Fight Back

It’s no secret that credit unions are under attack from well-funded banks, and their lobbyists.

The nation’s for-profit banks – through their federal and state representatives – are trying to de-legitimize not-for-profit CUs and have their tax-exempt status taken away, among other things.

One…

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More Proof That Credit Unions Beat Banks

A recent article in Credit Union Times was chock full of proof that credit unions still have a big edge on banks when it comes to people-friendly practices.

The article, by J. Daniel Young, overviewed some recent surveys on fees.

Specifically, data from A MoneyRates.com survey of banks…

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