Online Banking

Username:
Password:
 
 

Branch/ATM Locator

Enter a ZIP code to find the nearest ATM.

Latest News

Pay Yourself First February 19, 2020

Read More

The 5 Basics of Financial Literacy January 10, 2020

Read More

Holiday Shopping and Information Security December 2, 2019

Read More

2019 Giving Trees are Here! December 2, 2019

Read More

Thanksgiving Tips & Tricks November 5, 2019

Read More

Kids Free San Diego October 16, 2019

Read More

Three Key Steps for Female Entrepreneurs October 16, 2019

Read More

Our Story September 11, 2019

Read More

The Impeccable Irene September 4, 2019

Read More

It’s winning season! Simply use your Great Basin Visa Credit Card, or any other Visa,... Read More September 3, 2019

What You’d Expect From a Credit Union

Summers have a way of getting away and I noticed I haven’t written in a while. I know you have been waiting patiently.

Most recently we’ve been the recipients of another wave of new members from our friends at B of A with their announcement of their new Debit Card fee. The last wave was from Wells Fargo for the same reason. The recent limits put on debit card transaction fees at large banks by the Federal Reserve have the banks scrambling to keep their bonus checks coming.

I’ll also be watching to see if the big retailers pass on their savings to the public or pocket the 50% reduction in costs estimated to be billions of dollars; not that I’m skeptical, but …really?

At the credit union we will continue to monitor the debit card developments over the next couple of years to see if there is any impact on the credit union. As a not-for-profit cooperative we will avoid impacting our members with any additional fees or increases. As a matter of fact, we continue to encourage newbies to join our other members who avoid most fees through our CORE account program. This has been one of our most successful programs and it’s there to reward and protect the members who use us the most.

I’m glad to share with you that the credit union continues to be strong, and we are offering some incredible loan rates to members with additional rate savings to CORE members. Why would anyone pay big banker fees when they can belong to a cooperative credit union designed to minimize fees to its members?

Share:

2 Responses to What You’d Expect From a Credit Union

  1. This is why I came to Great Basin Federal Credit Union, I was with a Bank that was going to start this and I only use my debit card to do purchases, so I am so happy that Great Basin will not be charging us a fee as of right now and they will be doing research on it .

Leave a Reply

Your email address will not be published. Required fields are marked *