ARLINGTON, Va. – Despite an uncertain economy, aggressive regulators and a myriad of other challenges, there is a great deal for credit unions to be happy about, NAFCU President Fred Becker said at last night's meeting of the Metropolitan Area Credit Union Management Association.
"Delinquencies, charge-offs and bankruptcies are, by and large, headed down. And, they are much less at credit unions than at banks,'' he said. Becker also said that Bank Transfer Day, which came about after Bank of America proposed a $5 monthly fee for using its debit card, would be the first of many opportunities for credit unions to promote themselves.
"Rest assured, the big banks will continue to play a game reminiscent of my childhood. Remember the 'Whack-a-Mole' game? We are sure to have 'Bank Fee for Whack-a-Mole' — giving us the opportunity for more earned media,'' he added.
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