Typically, people prefer to put their money in large banks. Most like the extra sense of security and the variety of features and services they offer.
But lately, Mr. Big Bank has taken on the characteristics of a high maintenance relationship: fickle terms, low returns, hefty fees and - finally - the meltdown.
So some people have started flirting with the competition. Credit unions in particular are getting a good once-over, and many like what they see.
"We have seen some pretty strong growth this year," said Joe Mecca, a spokesman for Coastal Federal Credit Union in Raleigh, N.C.
"We don't have to pay dividends to shareholders," Mecca said. "We don't have to go out and make a profit, because the people we are making money off of own us." [Read story at SunHearld.com/by Vicki Lee Parker].
Posted by firstent
at 12:01 AM PDT
Updated: Monday, 6 October 2008 7:20 AM PDT
