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The most common reason for switching banks was a change in life circumstances, although fees and rates, unmet expectations and poor service were top choices too, a new study showed.

The most common reason for switching banks was a change in life circumstances, although fees and rates, unmet expectations and poor service were top choices too, a new study showed.

WASHINGTON — According to NCUA Board Member Michael Fryzel, the difficult decisions made by the NCUA and credit unions have paved the way for a future for credit unions that is “even better than their distinguished past.”

WASHINGTON — Complaining that “for too long others have defined what credit unions can be and should be,” CUNA President/CEO Bill Cheney said today that CUNA plans to beef up its political and lobbying efforts.

Even members of credit unions that don't even have mobile banking are able to access their CU accounts using a smart phone – provided their CUs participate in shared branching.

Research firm Market Rates Insight found that in the fourth quarter of 2010, banking consumers kept placing their money in FDIC-insured deposits despite declining interest rates.