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Tue Dec 11, 2012, 08:02 PM

Credit unions have surpassed BofA in Seattle


If you havenít switched away from one of the big banks, chances are youíve at least considered it. Many Americans, fed up with hidden fees and excessive charges, have said goodbye to the big banks in favor of credit unions in recent years. Here in Seattle, that shift has been dramatic.

28 percent of Seattle-area households bank primarily with a credit union now, up from 21.5 percent in 2008, according to market data firm Scarborough Research. That is a 30 percent jump in credit union banking, the ninth largest increase out of 96 metro areas around the nation. About half of all households banking with a credit union in the Seattle-Bellevue-Everett area are with BECU.

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