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.
Social media and other websites continue to show surges in interest about credit unions on Tuesday as Bank Transfer Day approaches.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
Community banks are ready to benefit from "consumer choice," trade groups say.
Members would lose access to network if conversion to bank goes through.
Online account opening pioneer Andera Inc. of Providence, R.I., has purchased oFlows Inc., a San Francisco-based provider of paperless origination solutions.
Money comes to new accounts with direct deposit.
Scam currently focused on Spanish bank customers but cyber security expert expects it to translate soon.
Maryland CU says 11,000 of 122,000 members have signed up to use its FinanceWorks offering.