Cascade Community Credit Union Adopts Pew’s Simple Overview of Checking Account Terms & Fees
ROSEBURG, OR (August 1, 2013) — Cascade Community Credit Union has joined a growing list of more than 20 financial institutions voluntarily adopting Pew’s short and concise disclosure box for checking accounts. Developed by The Pew Charitable Trusts, the model is emerging as a consumer-friendly format for financial institutions.
“The Pew model was a good fit with our member-friendly Pathfinder Checking Account by emphasizing the simplicity, yet flexibility, of its features,” said Gretchen Koester, CEO of Cascade Community Credit Union.
Until recently, the absence of a standardized summary of key account information in a user-friendly layout has made it challenging for consumers to know the elements of their account that can be costly, such as overdraft options and fees. Pew’s standardized model disclosure box allows consumers to comparison shop and determine which checking account best meets their needs. Cascade Community Credit Union’s Pew disclosure box can be seen by visiting their website at www.cascadecu.org and clicking on the “Products & Services” drop down menu.