Credit Unions - News:
Current Credit Union News found on Yahoo News:
Credit unions are basking in the spotlight again.
Websites that help people locate credit unions saw a rise in traffic after Bank of America announced new fees to use debit cards for purchases.
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.
Anxious bank customers have deluged local credit unions and community banks as some people try to avoid the latest fee from the nation's biggest bank. POLL: What do you think of the recent banking fees?
Credit unions are flourishing partly because they offer many fee-free products and services, says a Maine Credit Union League official.
NEW YORK (AP) - 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.
DUBLIN, Oct 7 (Reuters) - Over half of Ireland's creditunions have had lending restrictions imposed on them in theaftermath of a property crash that has left the government witha bill of up to 1 billion ...
The government is to pump up to 1bn euros into the country's credit unions to strengthen their balance sheets. The move, announced by finance minister Michael Noonan, will save a number of unions from collapse.
The Government will be able to recapitalise the credit unions with funds put aside for the banks that were not fully used.
Community banks and credit unions are moving quickly to take advantage of widespread hostility toward new fees charged by some of the nation's largest banks.