Credit Unions: Why Are Consumers Making the Switch?

CREDIT UNIONS Why are consumers making the switch? More than 90 milion people in the US belong to credit unions. 1.3 million joined in 201. CREDIT UNIONS VS. BANKS • Non-Profit •For profit •Owned by members •Owned by shareholders • Any left-over money goes to members by more affordable rates and fees · Any left-over money goes to shareholders • Youre a customer • You're a member AVERAGE INTEREST RATE AVERAGE ANNUAL FEES 30 year mortgage 5.31% $7147 ($6/month) I $184,14 ($15/month) I 534 % New car loan 3.49% 499% 17% 28% ATM of other banks $1.07 AVERAGE SAVINGS $221 Overdraft AVERAGE FEES $2782 $34.48 SOURCES INFOGRAPHIC PROVIDED BY: htp://www.cunaorg/downkood/combarks_cusipdf hrtp://www.cbsnews.com/2100-500173_162-5989449himl Everything You Nood _ WESTMARK http://wwwmoneyarasherscom/why-credt-urions-ere- beter-than-barks/ ( REDIT I NION http//money crncom/2012/02/29/pf/credt_urions_members/ www.WESTMARKCREDITUNION.NET ndexhmid-EL