Depends. My CU hasn't and isn't (at least publicly) stating they'll charge fees. Furthermore, the Frank-Dodd doesn't even apply to them. And that's likely to be the case for many CUs. A CU (or any bank) I believe has to have $10 billion in assets. That rules out the vast majority of CUs not to mention community banks. So their costs aren't going to rise because of government. If anything, a CU that starts to charge a new fee is either poorly run, or has a greedy board.Actually, in looking through the thread, he blamed both the number of deposits to CUs and he also blamed the government. However, I am stating that CU's and banks will both be charging fees due to the government. They have stated as such. Almost all CU's will start charging fees, probably even yours and any CU that you might want to move to.
What exactly is the government doing that's costing CUs money? Frank-Dodd is largely irrelevant to them. So what other piece of legislation are you talking about?