Mission Federal Credit Union announced that it does not plan to charge monthly debit card fees. Some national banks are testing fees in select markets, while others are set to implement them in October. The credit union wants to reassure its 150,000+ local members that these fees will not be heading to their pocket-books.
“As a not-for-profit, member-owned, community-based credit union, we answer to our members, not to shareholders or Wall Street,” said Debra Schwartz, President and CEO, Mission Fed. “One of the many benefits of credit unions is that we are able to pass those savings onto our members in the form of lower or no fees.”
Mission Federal Credit Union is currently celebrating 50 years of giving back to its members and the community with a variety of member and community anniversary promotions throughout the year.
About Mission Federal Credit Union
Mission Federal Credit Union is a progressive member-owned not-for-profit community-based credit union providing high quality financial and related services to meet the needs of a growing and diverse membership base, and is open to anyone who lives, works, or goes to school in San Diego. With more than $2 billion in assets, 22 local branches, and more than 150,000 members, Mission Federal is the second largest credit union in San Diego County. Mission Federal enhances the lives of its members through education and lifelong financial services. In addition, Mission Federal is a multi-award winning community partner that contributes to hundreds of local non-profit educational and community organizations. To learn more, visit www.missionfed.com. At Mission Fed, “Your Success is our Bottom Line.”