New Service Fees by SoHum’s Community Credit Union ‘Outlandish,’ Says Letter to the Editor
More than thirty years ago I was one of the first to become a member of the Community Credit Union of Southern Humboldt (CCUSH), but after all these years that association might soon be over. The reason? New service fees just announced by CCUSH. Starting June 1 nearly all members will have to pay $5.00 for each paper statement received in the mail. The only way to avoid this fee is to opt for electronic statements, which I do not want to do. The notification of this fee was in a nondescript enclosure in my recent statement, hidden among a slew of fees for other services that few ordinary members are likely ever to use.
These coercive tactics are something I expect of a large commercial bank, not my local credit union. Likewise the outlandish fees that are many times the actual cost of the service. If CCUSH wishes to eliminate the very things that distinguish it from commercial banks, there is little reason to continue banking with them, especially when other Humboldt County credit unions don’t indulge in this type of coercion and price gouging.
UPDATE: See a response to this letter here.