Old Habits Die Hard
From: www.cuna.org
SAN FRANCISCO (6/3/08)--While many credit unions are turning
their operations green and encouraging their members to do the
same, old habits die hard. Three out of four consumers still
cling to their paper statements.
A new report released Monday by Javelin Strategy & Research found that green banking habits have yet to take hold. The San Francisco-based firm noted that if every U.S. household stopped receiving paper bills and statements, they would save 687,000 tons of paper every year--enough to circle Earth 239 times.
The report found that consumers aren't aware of how they can make a difference, and financial institutions have yet to find incentives that compel consumers to participate.
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