Credit union’s new reverse-tier money market product offers rates as high as 3%.
Patelcorp, a division of Patelco Credit Union, will offer its InvestDaily mutual fund investing program to members who have health savings accounts.
Credit unions are making the most of the consumer outrage with big banks’ fees.
Amount not disclosed, but Patelco pledges support.
The David Rhamy saga at the long-ailing Silver State Schools Credit Union in Nevada ends next Monday with the CEO’s retirement and succession by the former CEO of Patelco Credit Union, Andrew Hunter.
Members who do not have the high minimums some providers require to invest have another outlet to turn to.