Digital Signature Blog

Distrust for big banks leads Americans to move to credit unions

Written by Emily Young | 1/10/13 1:42 PM

Interest in credit unions is the highest it has been since the fall of 2008, and experts think it's because many Americans are losing faith in big financial insitutions. Credit union membership surpassed 93 million in the second quarter of last year, according to the National Credit Union administration. Rich Smith said in an article on the DailyFinance.com that credit unions are benefiting from the fact that many banks are implementing new fees for debit cards, checking accounts and ATM withdrawls. Click here to read the full article.