The Independent Community Bankers of America (ICBA) launched a campaign on Monday aimed at ending the “risky practices, costly tax subsidies, and irresponsibly lax oversight” of credit unions. The campaign has drawn criticism from the Credit Union National Association, which issued a statement refuting many of the ICBA’s claims.
More than 121 million Americans belong to a credit union, and if you’re not in that group, it’s worth asking yourself how come.
A new study finds that the average fee the country’s largest banks charge customers who overdraw their accounts is $35.
You’re missing out if you’re ignoring credit unions, which have great interest rates on auto loans, consumer-friendly checking and savings accounts, and low ongoing credit card rates.
Banks reap record profits, yet they file a lawsuit wasting taxpayer dollars to stop any competition.
Why do bankers want to eliminate credit unions? Two reasons: competition and reputation.
