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Bankers consistently mischaracterize credit unions mission and misinterpret facts in an attempt to eliminate the not-for-profit competition that prevents them from jacking up their fees and costs for everyday services, said Brett Thompson, President & CEO of The Wisconsin Credit Union League, the trade association representing more than 250 not-for-profit, member-owned financial institutions. Thompson notes that these findings echo those of a November 2006 study by The National Credit Union Administration (NCUA), which concluded that Americans living paycheck to paycheck are served well by credit unions. Wisconsin has the second most state-chartered credit unions in the nation, according to the NASCUS report, and are national pioneers of REAL Solutions, an initiative where credit unions identify trends or needs that are affecting individuals and families, and the communities they live and work in, and then develop services to meet members needs. Even those who arent credit union members benefit from having not-for-profit cooperatives in the financial marketplace — due to credit union competition, bank customers save an estimated $4. Find Out More

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