The Central Penn Business Journal reports that a growing number of area customers are considering switching their accounts to credit unions and small, community-owned banks.
Site traffic at www.ibelong.org, the Pennsylvania Credit Union Association's website for consumers considering credit unions, increased fivefold after Bank of America announced the $5 (monthly debit card) fee, said PCUA Senior Vice President Mike Wishnow.
Credit unions are anecdotally reporting an uptick in membership applications, though firm data won't be available for a week or two, Wishnow said.
Meanwhile, the midstate's small banks are touting their free debit cards, free checking and community ties.
Central Penn Business Journal
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