What’s Happening at Your Credit Union
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fees Archive
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Wells Fargo Ends Free Checking – as featured in the Huffington Post
Posted on March 12, 2012 | No CommentsStarting May 4, 2012, free checking will end at another major bank. Wells Fargo is adding a $7 monthly fee to their Essential Checking account. Bank of America is also testing new fees. For more details, read the entire Huffington Post article. [Image credit: Ildar Sagdejev] -
Credit Unions Boom As Big Banks Grasp At New Fees – as featured in the Huffington Post
Posted on March 6, 2012 | No CommentsMore customers switched over to credit unions as a result of new bank fees, frustrations with Wall Street and Bank Transfer Day. Now, Bank of America is testing new monthly fees ranging from $6 to $9, and in some cases, this fee may reach $25.... -
So you’re thinking of switching to a credit union…
Posted on October 6, 2011 | 5 CommentsThe recent bank fees announced by some major banks have caused many to consider transferring their money and business to smaller financial institutions, like credit unions. Yet many find themselves growing hesitant about making the change because let’s face it, credit unions are not banks.... -
Citi: Keep balance over $15,000 or pay – as featured in CNN’s Morning Express
Posted on October 6, 2011 | No CommentsCitibank is next in line to implement new bank fees. Citi customers will pay anywhere from $10 to $20 starting November 14. Illinois Senator, Dick Durbin finds the news upsetting and asks consumers to consider switching their money to other financial institutions. Click here to... -
Bank of America’s New Debit Card Fee – as featured in the CNN Newsroom
Posted on October 5, 2011 | No CommentsBank of America is introducing $5 debit card fees, and other major banks may follow soon. Clyde Anderson, CNN Financial Contributor, explains the reason for the major change and why people may soon take their business to community-based financial institutions like credit unions. Will you... -
Debit Card and Usage Fees: Where We Stand
Posted on October 4, 2011 | 2 CommentsWhat has your bank done for you lately? The answer alone is an unsettling one for many typical bank customers. As a company and credit union, we understand the recent frustrations expressed by the general population concerning bank fees. We sympathize. Why? Because we do...
