Economy

November 4, 2011 11:35 AM

Some Californians switching from banks to local credit unions

Fed up with rising fees, frustrated customers of national banks are closing their accounts. In particular, credit unions – which are nonprofit organizations – are benefiting from the consumer frustration, with an estimated 650,000 people joining credit unions nationwide since Sept. 29 and shifting $4.5 billion into new savings accounts, according to the California Credit Union League.

Related content

Comments

Videos

More Videos

Offshore corporations - The secret shell game 02:24

Offshore corporations - The secret shell game

How prepared or unprepared for an earthquake are you? 01:41

How prepared or unprepared for an earthquake are you?

Angela Merkel visits site of Dachau concentration camp 02:18

Angela Merkel visits site of Dachau concentration camp

Gov. Kasich suspends presidential campaign 01:57

Gov. Kasich suspends presidential campaign

Who could, should or won't be Trump's veep 01:29

Who could, should or won't be Trump's veep

Jerry Brown: If Trump wins, California might need a wall of its own 00:29

Jerry Brown: If Trump wins, California might need a wall of its own

Kasich and Cruz just cleared a path for Trump to be the Republican nominee 04:46

Kasich and Cruz just cleared a path for Trump to be the Republican nominee

Watch Topher Ingalls' motocross video filmed in SLO County 02:12

Watch Topher Ingalls' motocross video filmed in SLO County

Chernobyl: 30 years later 02:45

Chernobyl: 30 years later

Wide-open Wyoming wide open for offshore business 01:45

Wide-open Wyoming wide open for offshore business

Share Video

Editor's Choice Videos