Eaton Family Credit Union News

On September 10, 2012 The Cleveland Plain Dealer ran an updated article by Teresa Dixon Murry titled, " Local banks charge higher checking fees; some even charge to mail you a statement." She writes, "... most banks in Northeast Ohio are raising common fees for things like overdrafting your checking account, getting a cashier's check or using another bank's ATM." Click here to read the entire article. Also click here to see more from August, 2011. She includes a chart listing fee changes from last year. Here are our fees and any changes we've made. Overdraft = $25...no change Cashier's Check = $2...no change Other bank's ATM = $0 for the first 8 transactions with $1,000 savings or direct deposit then $2 per transaction thereafter...no change Stop Payment = $25...no change Wire Transfer = $17...no change Lost ATM Card = $0 for the first then $15 thereafter...no change Returned Deposit = $15...no change Click here for o

On Wednesday, September 5, 2012, Sheryl Harris ( @consumerwrite r), Consumer Affairs writer, from the Cleveland Plain Dealer , wrote an article " Pew study finds prepaid cards valuable for some, but carry risks ." Click here for link to the complete study, "Loaded With Uncertainty: Are Prepaid Cards a Smart Alternative  to Checking  Accounts?" . Click here for a report about the study. The Pew report lists four findings in the review of  52 prepaid cards. Below you can the find this information and related comments about our FREE Advantage Checking with FREE Debit MasterCard . The varying fee structures and disclosures for prepaid cards make comparison shopping very difficult because most products have 7 to 15 individual fees to consider and their disclosures are not uniform. Eaton Family Credit Union discloses all fees - click here for our fee schedule. The cost of prepaid cards can be less than checking accounts, but the cards come with significa