Only 1 in 5 CUs offer free checking

Moebs Services is reporting that credit unions have dramatically reduced their offerings of free checking.

Free checking has declined by 59.2 percent so far this year at credit unions.

According to Moebs Services, only 20 percent of credit unions offered free checking in 2019. At the end of 2018, 49 percent of all credit unions offered free checking.

In comparison, 19.4 percent of banks provided free checking.


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