Georgia's Own Credit Union is beginning to charge $5.95 per month for its checking accounts. I received a notice that my regular free checking account is being "upgraded" to a "Perks+ Checking" account. The new service will give us access to discounts and insurance-type coverage on various things.
I am sorry that our credit union is in such financial straits that it has to charge for checking accounts, something practically unheard of in the credit union world. Maybe if they stopped advertising so much they could serve their existing members successfully. I will not remain a member of this credit union.
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