Tag: credit union

Impact Lab > credit union

Credit unions benefit from backlash against big banks

November 12, 2011

Credit unions added more new members during that month than in all of 2010.

Credit unions are benefiting from the backlash against big banks over new fees. And in Texas, credit unions gained $326 million in new deposits from 47,000 new members during the month leading up to the so-called Bank Transfer Day. The Saturday event was orchestrated by an online campaign urging consumers to move their money from banks to the generally smaller credit unions.

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Analysis, Business, Money Talk, People Making a Difference

Do You Bank at a Big Chain or Small Local Bank?

April 20, 2010

Choose Your Bank Carefully!

We’ve heard a lot about the benefits of choosing a local bank over giant mega-banks lately. Today, the money gurus at personal finance blog Get Rich Slowly explain how (and why) to move your money to a local bank.

I’d been a customer with Chase (previously Washington Mutual). After reading J.D.’s article on rewards checking accounts and realizing I was missing out, I closed my account with Chase and moved my checking and savings to a local credit union down the street. I have to say, it felt great.

Continue reading… “Do You Bank at a Big Chain or Small Local Bank?”