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Credit Union Business Grows as Consumers Sour on Banks

Credit Union Business Grows as Consumers Sour on Banks

Jilian Mincer

The big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.

Long touted by consumer groups as a more consumer-friendly option than large commercial banks, the nation's not-for-profit credit unions saw a significant jump in new members and deposits last month as momentum in the Occupation Wall Street campaign has increased, and many of the big banks rescinded, debit card fees.