Letter from the President….
Credit Unions - Just a Better Idea!
Recently the television and radio news media were filled with angry bank account holders upset about new excessive bank debit card transaction fees. Depositors claimed they would take their accounts somewhere else. Well the news is in: according to the Credit Union National Association (CUNA), more than 250,000 people joined credit unions nationally in the past month, and brought their $4.5 billion in new deposit accounts with them. At Banner Federal, we happily added an additional 150 members during this time period too.
It has been refreshing to finally hear the news media point to our industry as being a better exampe of how financials should be provided to depositors. These new credit union members will soon learn they have made a wise decision. The credit union industry has become a $792.3 billion financial service provider with safety of deposited funds our primary concern. Accounts are insured up to $250,000 by NCUA. As not-for-profit institutions, credit unions take great pride in our service to our members.
Banner Federal is proud to be entering our fifty-fifth year of operation with steady growth in members and services designed to make managing your finances easier. (Services like totally free checking accounts, with no monthly fees, no transaction fees, no debit card fees and now no ATM fees.) We are not a bank: that’s a difference that’s hard to explain because we provide many similar services that banks do. However, at your credit union, you’re an owner, you have a say in how we operate and a stake in our future. Simply put we might look like a bank but – We are a better idea whose time to shine has come!
From the Staff of Banner Federal Credit Union to our 10,800+ members,
Happy Holidays and may you have a safe and prosperous New Year.