Credit Union National Association

Americans Keep Fleeing Banks, Flock to Credit Unions Instead

Credit unions have a long way to go before they threaten the financial dominance of commercial banks. But Americans are moving billions of dollars of their business in that direction every year, and there's good reason for that trend to continue -- and for you to jump on the bandwagon.

The Downside of Credit Unions

Credit union membership is at an all-time high, thanks to our rising disillusionment with traditional banks. Banks, after all, are run by executives aiming to enrich stockholders, while credit unions are owned by, and run for the benefit of, their members. But that doesn't mean credit unions are right for everyone.

Bank Transfer Day: Small Protests, Big Changes

Did Bank Transfer Day work? Over the weekend, many Americans came out to protest big banks, and while there's no hard data yet to gauge the day's impact, credit unions around the country are reporting a continuing upsurge in interest. And the protests don't appear to be fading.

Resentment Builds Ahead of Bank Transfer Day

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.

Will Bank Transfer Day Be a Real Win for Credit Unions?

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?