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Indeed, at least in the US the massive increase in credit union membership has had a huge impact. Virtually all credit union personal accounts are completely fe
by jcrawfordor 11y ago
Indeed, at least in the US the massive increase in credit union membership has had a huge impact. Virtually all credit union personal accounts are completely fee-free (and many reimburse ATM fees and other perks), and now the commercial banks need to fight for customers. I keep getting offers from Chase and Discover for checking accounts that are fee-free and have silly perks on top ($300 opening bonus and such), and the suspicious part of me wonders if the frequency of these offers has to do with them knowing from my credit card payments that I mostly use a credit union for checking right now.
- theandrewbailey 11y agoIndeed. A lot of big bank behavior is due to their shareholders demanding more profit. When you open an account at a credit union, you literally ARE one of those shareholders. I can't say enough good things about them.
- ancap 11y ago>Indeed. A lot of big bank behavior is due to their shareholders demanding more profit. That seems a bit silly, don't you think? As if when presented with two options the executives are going to choose the less profitable one unless otherwise pressured?