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Marking his first month as CEO, Tim Lyons of the $1 billion Tulsa Teachers CU, argued Friday that banking’s badly frayed image marked anew by Bank of America’s $5 debit fee can only worsen, and credit unions stand to benefit “as we have for the past three years.”

“In fact, we in eastern Oklahoma have enjoyed outstanding growth – $100 million in assets for each of the last three years – and a lot of that has come from consumers tired of banking’s ‘gotcha’ practices,” said Lyons, who moved up Sept. 1 from chief financial officer of the state’s second-largest CU.

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