Is It Time to Leave Your Bank?

If your bank raised it fees tomorrow and it seems to be happening more and more-would you ditch ‘em?  According to the National Foundation for Credit Counseling, most of us would.

In the latest survey 2,200 people were asked what they would do if their bank raised its checking account fees.  The results show the following:

• 51% would shop for another institution
• 16% would complain to their bank
• 16% admitted that they probably would never notice
• 11% that they would grin and bear it
• 6% would close their account

If you are considering leaving your bank then you should use a Credit Union instead.

WHY?

• Credit Unions are nonprofit and community- based
• Credit unions pay higher interest on savings and charge less for loans
• Credit cards have lower interest rates and usually no fees
• Convenience-most credit unions are members of a shared branch network which means over 28,000 surcharge-FREE ATMs
• No monthly service charges or hidden fees
• Free paper or e-statements
• No per check fees
• Credit Unions are personal and friendly

For more information about joining a credit union, please call Sterling Van Dyke Credit Union at 586.264.1212