I have opted to offer an opinion on the recent announcement of impending conversion of First Technology from a credit union into a mutual. I offer the unique perspective of having gone through such a conversion in 2000.
When Bank of America announced a monthly $5 debit card fee would take effect in 2012, questions about the potential backlash ran through my head. Would consumers put up with this? Would the bank cancel the fee to combat lost business? How angry would the fee make Gen Y?
Occupy Wall Street demonstrations in New York City and across the country continue to grow as organizers seek to keep the momentum going by connecting with credit unions.
Follow up Bank Transfer Day with focus on unbanked, underbanked who are most vulnerable to payday lenders, expensive big banks.
Consultants say "this extraordinary chance at growth cannot be squandered" but CU leadership must proceed with caution.
As mayors in at least two cities shut down areas that were being used to protest, Occupy organizers have said the moves will not deter their efforts.
Michigan Schools and Government CU opening its nine locations in suburban Detroit, offering deposit match and pasting names on walls.
More credit unions say they have been finding ways to make Bank Transfer Day work for them.
Credit unions hope the growing consumer anthem of “We’re not gonna take it,” over the latest debit card bank fees, has those consumers primed to make a switch.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.