NEW YORK — Lower East Side People's Federal Credit Union, inaddition to serving current members and signing up new ones, playedhost Saturday to a couple of European journalists covering BankTransfer Day.
|Member Service Representative Carlos Acosta said the $29 millionlow-income credit union welcomed two reporters working for Frenchpublications to discuss Lower East Side's success in gaining newmembers and accounts.
|“Media coverage all over has been great for us,” said Acosta.“We haven't had to advertise at all. All the stuff on the news, like the ABC network, has really helped.”
|Acosta said branch traffic Saturday had been typical;the credit union is open on Saturdays until 4 p.m. The real testhas been all the inquiries over the past three weeks.
|He said the 5,800-member credit union, appropriately located inManhattan's Lower East Side, has added “a couple of hundredaccounts” over that time.
|“People are just fed up with all the fees,” Acosta said. Andthose people include Acosta himself. He said he just closed a Bankof America account because of a $15 a month usage fee. “That's $180a year. That's a lot of money,” he said.
|Acosta said the low fees at his credit union are not the onlyattraction. Lower East People's also offers hot coffee and warmdonuts. Just the thing on an unseasonably chilly November afternoonin the Big Apple.
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