MADISON, Wis. (5/8/08)--A May 7 article in Investopedia, published by Forbes, recommends that consumers who are frustrated with banks should look at credit unions for their financial needs.
In the article, "Tired of Banks? Try a Credit Union," Certified Financial Planner Mark P. Cussen writes about the alternative value of credit unions.
"Many bank customers are becoming increasingly frustrated with the litany of fees their banks are charging, as well as the difficulties often associated with obtaining a loan," Cussen wrote. "Credit unions represent an alternative to banks and possible solutions to common complaints about traditional banking institutions."
Cussen also explains what credit unions are, their history, their regulatory apparatus and environment, the credit union philosophy, and how credit unions have higher rates, lower fees and better service than banks.
courtesy of cuna.org