12-02-2009, 07:22 PM
My question is if they had access to a CU why weren't they in it before.
Convenience and qualifications.
Because of previous qualifications, a lot of people didn't have the access to CUs that they do now.
And as kap says, access to ATMs is a factor.
And as Seacrest says, advertising is another factor. And it's huge. Even Savings and Loans don't spend nearly the money on advertising that banks do. That *did* increase after the S&L scandal a few years back when they started calling themselves things like "savings banks" to distance them from the S&L stigma.
My bank, Wells Fargo, isn't charging me any fees at the moment. Their NSF check fees are pricey, but I don't have any problems there.
I'll have to check into my CU's ATM policies. For many, many years, there were about six ATMs on the West Coast. (No, not six institutions, six ATM's. That's probably improved some, by now.
Convenience and qualifications.
Because of previous qualifications, a lot of people didn't have the access to CUs that they do now.
And as kap says, access to ATMs is a factor.
And as Seacrest says, advertising is another factor. And it's huge. Even Savings and Loans don't spend nearly the money on advertising that banks do. That *did* increase after the S&L scandal a few years back when they started calling themselves things like "savings banks" to distance them from the S&L stigma.
My bank, Wells Fargo, isn't charging me any fees at the moment. Their NSF check fees are pricey, but I don't have any problems there.
I'll have to check into my CU's ATM policies. For many, many years, there were about six ATMs on the West Coast. (No, not six institutions, six ATM's. That's probably improved some, by now.