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New Frugality Movement Draws Curious to CUs

As consumers aim to simplify their lives by cutting back on spending and building savings, credit unions are out front helping to make it happen, according to one CUSO.

By Michelle A. Samaad | Updated on August 29, 2010

As consumers aim to simplify their lives by cutting back on spending and building savings, credit unions are out front helping to make it happen, according to one CUSO.

The Rancho Cucamonga, Calif.-based CO-OP Financial Services highlighted several trends where CUs are meeting the frugal needs of members including the industry having the fastest growth since 2003. Consumers are more willing to switch banks than they were before the financial crisis, the technology and ATM solution CUSO said, citing a J.D. Power & Associates survey.

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