BIRMINGHAM, Ala.-Credit unions looking to continue growing in 2013 should look no further than the humble checking account, according to Dennis Dollar.

Dollar, principal partner with credit union consultancy Dollar and Associates, told Credit Union Journal he is seeing CUs place a "greater emphasis" on their checking products. He said credit unions are "dramatically increasing" their checking account penetration, which he characterized as "good news," because credit unions can make up in volume what they are losing in overdraft and interchange income.

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