In the wake of consumer frustration with corporate fees, one local credit union is experiencing a period of growth.
SECU, Maryland's largest financial cooperative, saw new checking accounts and new members increase by about two-thirds compared with last year.
“With the holidays, we typically see account openings flatten in November and December, but with negative sentiment toward the big banks continuing, we are experiencing a reversal of that trend this year," says SECU President and CEO Rod Staatz.
SECU is ranked among the top 47 credit unions for total assets in the US. As of August 2011, SECU's assets were $2.4 billion.
Writer: Amy McNeal
Source: Rod Staatz, SECU