credit unions
Switching banks is a hassle, but outrage over the big financial institutions' efforts to pile on new steep fees pushed more than 2 million people to close their accounts over the past 3 months. Is Bank Transfer Day becoming Bank Transfer Year?
The Bigger the Bank, the Worse the Customer Service
9:30AM 12/28/2011
By Rich Smith, The Motley Fool
JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Banking
The biggest bank in America isn't the one you might think: JPMorgan Chase recently knocked longtime rival Bank of America out of the top spot. But is bigger better? Not when it comes to customer service.
When people talk about the American dream -- buying a home, going to college, starting a business -- banks are usually somewhere in the background. But what if, instead of making your dream come true, your bank relationship actually costs you money?
For all the anti-bank anger erupting across the country, relatively few of us are actually leaving our financial institutions.
Resentment Builds Ahead of Bank Transfer Day
2:30PM 11/04/2011
People, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Banking
On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.
Can Credit Unions Make a Success of Bank Transfer Day?
7:00AM 11/03/2011
Like some other recent revolutionary movements, Bank Transfer Day had its genesis on Facebook. But can this grassroots rebellion against the nickel-and-diming of the big banks actually accomplish anything, and how much will the nation's credit unions really benefit?
Between the outcry over Bank of America's new fees and the approach of "Bank Transfer Day," low-profile credit unions have been receiving a lot of attention. But the publicity has exposed a number of commonly held false beliefs about credit unions. Let's debunk a few of the most common.
As Customers Flee, Big Banks Don't Seem to Care
7:10AM 10/24/2011
Credit unions, mid-size banks and online institutions are eagerly stepping up to capture banking customers who are fed up with increasing fees at the biggest banks. And so far, it seems, those big banks don't mind losing their business.
Why Credit Unions Are a Better Financial Choice For Us Than Big Banks
8:00AM 10/22/2011
Millions of Americans are disgusted with the big bank status quo, and many are closing out their accounts and moving their money to smaller institutions. It's a good time to do it: Credit unions are waiting with open arms, a customer-centric philosophy -- and incentives.
Fewer Than 1 in 4 Americans Trust the U.S. Financial System
9:05AM 10/20/2011
Americans are growing even more distrustful of their financial institutions. The latest figures from the quarterly Chicago Booth/Kellogg School Financial Trust Index showed that only 23% of those surveyed said they trust the country's financial systems, down from 25% in June.
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