Proof that bank bailouts and rising fees have worn thin on consumer patience is evident in the latest figures recently released by the National Credit Union Administration (NCUA).
NCUA announced that first quarter growth increased at the fastest pace in five years with memberships climbing by over 800,000. Read More
Banking industry lobbyists have become increasingly vocal in their attacks on credit unions. Banks have been demanding a repeal of the credit unions tax status, railing against credit unions for filling a void in the market for member business lending, and opposing regulatory reform measures that would grant qualified credit unions access to supplemental capital and improve the safety and soundness of the credit union system.
Credit unions need to set the record straight.
The banking industry is unhappy because consumers and small businesses are increasingly choosing credit unions as a source of affordable credit and affordable retail banking services. Read More