Will Wal-Mart's new checking account product create a competitive challenge for the financial services industry? A senior financial analyst and a credit union CEO don't think so.
A credit union CEO and a financial analyst say Wal-Mart's new checking account won't directly compete with credit unions.
Despite no measurable economic improvement, the FOMC says it will slow asset purchases to control inflation. Rates may rise sooner than expected.
Thanks to low yields and rising interest rates, credit unions could see increased early withdrawal penalties.
Credit unions report examiner strong-arming to sell off long-term investments at a loss.
Do recent survey results - three in 10 Americans have not visited a branch in the past six month - mean the death of branches is rapidly approaching?
Bankers say consumers want both digital services and branches, but research suggests consumers have cooled on brick-and-mortar, especially for transactions.
Bankrate.com releases survey of bank and credit union checking accounts.
Community banks also offer far more free checking options than big banks. Economist blames interchange cap on large institutions.
Since 2010, credit unions offering free checking dropped from 78% to 72%, while it plunged from 65% to 39% at banks.