Here at TotalBankruptcy.com, one of our goals is to inform individuals about their financial options.
Given the recent financial turmoil in this country, many people are turning to alternative ways of managing their finances. Traditional banks have taken on a bit of ridicule due to high overdraft and ATM fees, among other issues. Meanwhile, another form of financial institution is on its way up the totem pole and has seen some promising returns on their investments - credit unions.
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Steady Growth in Membership (in millions).
|2007|| 88.5 |
Loans to Asset Growth Rate
|Assets ||Loans |
|2010 ||3.3%|| -1.2% |
|Mar 20012 ||11.5%|| 1.3% |
Credit unions have gained a good deal of traction in previous months, and as they grow, traditional banks may find their customers switching. Though the number of credit unions has declined, their ability to capture countless new customers has not diminished.
For more information about banks and finances, check out our financial literacy section. You'll find easy-to-use articles about managing your money.