By Lisa Hochgraf
Last week on vacation in Tallahassee, my brother-in-law read an article about the value and power of cooperatives. He got to thinking--and to talking to me--about the idea of switching from his shareholder-owned bank to a member-owned financial institution--a credit union.
Of course I was all for it, but my sister introduced the reality of the situation. "Are you going to manage all the details of such a change?" she asked her husband. "Bill pay, cards, and direct deposit are all associated with that account."
Fortunately, I was able to tell them that some credit unions have "switch kits" or some process in place to make it easy to convert from a bank to a member of that credit union.
We haven't covered switch kits for a while, but here's a past article. What's the latest? With so many bank customers considering a switch these days, what has your credit union done to make it easier?
