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Friday, September 7, 2007

Pat Raises Unitus Fees Beyond BECU Fees

Before Pat Smith was hired as CEO and Robber Baron at Unitus, she was employed at Boeing Employees Credit Union (BECU).

Not only have fees skyrocketed at Unitus, but Pat has managed to raise the fees past the BECU fees.

As of 8/31/07, here is a comparison of some of the rates and fees:
  • The NSF fee at Unitus is $26, at BECU it's only $20.
  • The stop payment fee at Unitus is $26, at BECU it's only $20.
  • Visa rates at Unitus are 10.24% - 18.24%, at BECU it's only 6.90% - 16.90%.
  • Checking Accounts
    • Most people opt for the free checking that pays 0% because interest checking requires a $500 minimum balance and fees apply if you go below.
    • BECU pays .5% with no minimum balance (and no fees).
  • Saving Accounts
    • Unitus pays .5% with a balance up to $2,500, with the rate topping out at 1.3% if the balance is above $50,000. (Who the hell is going to keep $50,000 in a savings account?!?!?)
    • BECU pays 7.25% for balances under $500!!! Balances over are paid 1.75%.
Pat Smith has shown that she can make even more of a profit off of Unitus's membership than was possible at BECU!

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