VININGS,GA -- More and more people are switching from banks to credit unions, but is that the right choice for you?
The Credit Union National Association says membership grew more than 10 percent last year. Lisa Dobbs is one of those who recently made the switch. "I just wanted to be at a place where I didn't want to worry about the fees every month. Not everyone reads their inserts and I just got to the place where there was just one charge too many," Dobbs said.
Dobbs chose Delta Community Credit Union, a decision she says saves her about $150 a year. Delta Community Credit Union Spokesman Matthew Shepherd says that is because they are a not for profit institution. "We take profits and invest them back into more competetive interest rates and lower fees," Shepherd said.
If you're thinking about switching to a credit union you can find a list of those in your area from the Credit Union National Association. And Delta Community Credit Union is making it easier to switch from a traditional bank on October 1st. "We know a lot of consumers don't want to switch because they think it will be a hassle, so on October 1st we're having an official Switch From Your Bank event with people in our main 7 branches to make it as easy as possible," Shepherd said.
And many credit Unions no longer require you to be employed by a specific company.