While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.
Report author says the "big banks are sitting on their assets."
Northwest Credit Union Association bulletin stresses transparency, cites new class action suit against bank.
Be it rates, fees or the emotional aspects of their relationships, a new survey of credit union members and bank customers showed that credit unions once again came out on top.
After experiencing a slight dip in 2010, credit unions are leading the pack when it comes to customer satisfaction, according to the American Customer Satisfaction Index.
A failed attempt to charge a monthly debit usage fee contributed to Bank of America being ranked last in a customer satisfaction index.
As CU's rise in the rankings, the nation's largest bank falls.
Bank of America alone is in danger of losing 10.3% of its retail customers over the next 12 months, study says.
McGraw-Hill FCU goes after banks by name.
Card analyst says September shows possible reverse in trend of cutting back on spending and paying off debt.