Credit Unions Vie with Banks for Consumers, Mortgages
By Ryan Schuette | 11/04/2011
Rising debit card fees drove some 650,000 consumers to credit unions over October, with social media movements responsible for galvanizing the exodus, according to a recent survey. The Credit Union National Association laid claim to the figures in a survey for which the trade group polled some 5,000 credit unions nationwide. The ruckus over debit card fees began in September when the nation’s largest lenders floated the idea of an increase in monthly payments for debit-card users. This only marks the latest in a string of public relations problems.
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