Consumer advocates teamed up with credit union representatives Wednesday to urge people to shop around for better rates on loan and deposit products.

Stephen Brobeck, executive director of the Consumer Federation of America, and Bill Hampel, chief economist at the Credit Union National Association, said the gap between the cost of credit and yields on savings offered by banks and credit unions is wider today than at any time in the last 20 years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.