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NAFCU's Berger, in Time's Money, touts value of CUs
NAFCU President and CEO Dan Berger noted that more consumers are leaving Wall Street banks and moving to credit unions in a Time's Money article Tuesday that highlighted some of the benefits to joining a credit union.
"Since the financial crisis, many consumers have fled Wall Street banks' high fees and antics for Main Street credit unions," Berger was quoted saying. The article also noted NAFCU's credit union locator site, CULookup.com, as a tool for those looking to find a credit union they are eligible to join.
The article noted that credit union membership was up 6.35 percent this year, while the rest of the banking industry grew by just 1.86 percent.
Berger, with Bankrate Chief Financial Analyst Greg McBride, said credit unions are attracting their members with lower fees and competitive rates – and higher levels of customer satisfaction.
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