Since the finalization of the Durbin Amendment, many credit unions have been considering how they will compensate for lost interchange revenue with other forms of noninterest income.
Attaching fees to checking accounts is one way CUs can help fill the gap, which leaves fee-based checking product providers with a golden opportunity to snag new members.
One newer such product on the scene is the approximately one-year old Choice Checking from BancVue, an Austin, Texas-based provider of online banking, marketing and consulting services to more than 1,300 financial institutions.
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