AP Story Notes Credit Union Advantages (Misc News: March 14, 2011)
An Associated Press story is giving a big boost to credit unions.
The AP’s story, titled “Free checking lives on at most credit unions” in The Detroit News, says that 38 of 50 of the country’s largest credit unions still offer free checking – with no strings attached. Click here to read the story.
The story quoted a Bankrate survey that says that in 2010, 65 percent of bank checking accounts were free with no strings attached, down from 76 percent the previous year, according to Bankrate.
“The turmoil in the banking world over the past few years has helped generate positive attention for credit unions. Before consumers start looking for a credit union to join, however, there are key differences that should be considered,” the story says.