Sunday, October 9, 2011

Are Credit Unions the way to go ?

Credit unions are basking in the spotlight again. Whenever a big bank rolls out a controversial fee, customers start fuming about taking their business elsewhere and the attention often falls on credit unions. That happened again last week when Bank of America said it would soon start charging customers a $5 monthly fee to make debit card purchases. This time around, it seems some customers have finally had it. The country's largest credit union, the Navy Federal Credit Union, said new account openings over the weekend were 23 percent higher than normal.

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