X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

If considered only in a glance, credit union card programs seem extremely well- positioned for 2011.

Trying to cut their credit card losses, large bank credit card programs have dropped a record number of consumers and cut many of the remaining cardholders’ credit lines to a point where the cards are of little use. At the same time, trying to recoup lost income from overdraft and debit interchange regulation, large banks have begun to charge fees or require balance minimums to justify issuing debit cards. Both moves suggest that large banks will remain alienated from a significant portion of their customer base and that the trend to move from large, national banks to smaller community banks and credit unions will likely continue.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.