Royal Credit Union’s originations have increased 9% year over year as of July, thanks, in part, to the reduction of 69 different fees, Jesse Smith, vice president of consumer lending and servicing, told Powersports Finance.
The credit union started to eliminate punitive fees in 2012, and today none remain, he said.
“As a credit union, we don’t want to exert extra, unnecessary financial burdens on our members, so Royal Credit Union has eliminated these miscellaneous fees to maximize members’ benefits,” Smith said.
