The faster the action to stop or slow down the trolls, the better -- to ensure that consumers, including credit union members, don't lose access to convenient services, or even their favorite small financial institutions.
The cost of a merchant data breach -- whether it is at a large national merchant or a local merchant -- can be significant for credit unions of all sizes. Because of credit unions' cooperative structure, the cost of such breaches are ultimately borne by credit union members.
About 300 residents packed the six hour long meeting -- held at the Richmond Memorial Auditorium instead of the City Council chambers -- to discuss the city's plan to help families whose home values have plummeted through no fault of their own.
If moving your money to a credit union won't make Bank of America or Wells Fargo small enough to fail, it is a rational consumer decision. Making the switch may not be a revolutionary act, but it will certainly make your life easier.
More than 1.3 million people joined credit unions in 2011. The gain is strong evidence that consumers are fed up with high bank fees and are leaving in large numbers for credit unions. But when you dig a bit deeper into the numbers, the results are even more significant.
Consumers are upset about bank fees. They have also been intrigued by "Bank Transfer Day," another reason our credit unions are telling us new members are coming in the door. These new members have made the right choice, because they can now start saving.