ARTICLES
CUs have a tradition of offering their members free or low-fee products and services.
May 27, 2013
CUs consistently offer lower and fewer fees than their bank competitors.
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Turn a sizeable fee advantage over banks into membership growth and retention.
May 13, 2013
Find the balance between member-friendly fees and your CU’s financial viability.
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Is the mass exodus of bank customers an intentional strategy?
May 10, 2013
There’s a striking contrast between CU and bank fees.
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CUs saved members $6 billion in a one-year span compared to competitors.
February 25, 2013
The top three performers in each asset category were United Health Credit Union, Burlingame, Calif.; Boston Firefighters Credit Union, Dorchester, Mass.; and Melrose Credit Union, Briarwood, N.Y.
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CFPB develops new ‘loan estimate’ and ‘closing disclosure’ forms.
October 1, 2012
The project aims to combine the early disclosures required by TIL and RESPA into one document.
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CFPB develops new ‘loan estimate’ and ‘closing disclosure’ forms.
October 1, 2012
CFPB’s “Know Before You Owe” project is an effort to combine the early disclosures required by TIL and RESPA into one document.
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Only 45% of banks offer free checking options vs. 72% of CUs.
August 15, 2012
Interest-bearing checking accounts at banks often come with staggering minimum balance requirements.
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It’s a delicate balancing act as CUs try to generate income without annoying members.
July 1, 2012
Credit unions benefited from the bankers’ misstep on fees, garnering hundreds of thousands of new members.
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Four forces will fuel the shift to a slow-growth, high-cost operating environment, analysts predict.
March 1, 2012
The financial services industry is transitioning from a high-margin business to a low-margin undertaking.
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But fees are still limited during the first year following account opening.
January 13, 2012
The original rule regarding the limitation of fees during the first year after an account is opened remains in place and credit unions should continue to comply with it.
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