Thousands of Marriott workers around the country are on strike, complaining that stagnant wages and unsteady hours have made it difficult to stay afloat. At a time when they are under particular pressure, the credit union may be adding to their struggles.
Overdraft fees in particular have provoked controversy within the credit union world. “We have a hard time taking seriously any depository institution claim to trying to serve the underserved, making credit available to financially distressed people and charging those same people $30 to $35 for overdraft,” said Rebecca Borné, senior policy counsel for the Center for Responsible Lending, which is affiliated with the Self-Help Credit Union.