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Home > Credit Union Philosophy > How come the ABA is so negative about credit unions?

Question: How come the American Bankers Association is so negative about credit unions?

Answer: Bankers know that even with only 6% of the market share, credit unions provide consumers with an alternative that helps keep the banking industry in check. Without credit unions, banks could make greater profits at the expense of consumers, so naturally banks would prefer to see the competition disappear.

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