Financial Facts

Hidden Fees? Not at This Credit Union

alt The Truth in Savings Act gives prospective bank customers the right to review a complete fee schedule. Alas, it appears that many banks do not follow the federal regulation, choosing instead to keep their fees shrouded in mystery. A recent study from U.S. Public Interest Research Group reveals that only 38% of 392 surveyed banks provided a complete fee schedule on the first request; 23% provided no fee information and another 22% provided wrong or incomplete fees.*

At American Southwest Credit Union, we’re not afraid to disclose our fees. In fact, we welcome the opportunity to show you how favorably they compare to banks’. Not only are our fees usually lower than bank fees, oftentimes we’ve eliminated them altogether. That’s because at ASCU, we always act in the best interest of our member-owners – and that means you. While banks are focused on earning profits for their shareholders, our focus is returning profits to you in the form of lower loan rates, higher deposit rates and fewer and lower fees.

Being a credit union member has other benefits, as well. Local, personal service ensures that you’re more than an account number – we get to know your unique needs and goals, then help devise a plan to fulfill them. And we offer many financial products and services that you’ll find at a bank – including online services – often at a much lower cost.

If you’re tired of the hidden fees, high costs and impersonal service of a bank, we invite you to consolidate all of your accounts at ASCU. We’re always glad to have you.

* Source: “Big Banks, Bigger Fees: A National Survey of Bank Fees and Fee Disclosure Policies,” U.S. PIRG, April 12, 2011,


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