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Credit Union Journal, The, May, 2006 by Michael Bartlett
Everything's bigger in Texas, including, in some cases, deposit rates. Data provided by DataTrac indicated the San Antonio market is one of the most competitive deposit rate markets in the country, so The Credit Union Journal talked with John Worthington, senior vice president of corporate communications at Security Service FCU, here to see how the nation's 10th largest credit union is dealing with deposit rate competition.CUJ: Are you feeling pressure to raise deposit interest rates? Worthington: Obviously, the Fed actions to raise rates does have an impact on our products that are rate-sensitive, such as CDs; not so much savings or checking.
CUJ: How do your rates compare to your competition? Worthington: It is a competitive marketplace, and we feel we are able to stay...
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