NEW YORK (7/22/08)--Consumers should not rule out credit unions when looking for a place to bank, according to a financial editor appearing on the NBC News show "Sunday Today."
Stephanie Auwerter, editor of Smartmoney.com, discussed the economy, the failure of IndyMac Bank in California, and banking issues during the show.
When Auwerter was asked if consumers are better off with bigger banks as opposed to smaller banks, she responded:
"When you're looking for a bank, don't discount the small guys and your local credit union. You might find that the fees are lower and their interest rates are higher. They may be willing to work a little harder to get your dollars."
courtesy of cuna.org
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