Credit Unions Add 650K Members Ahead Of ‘Bank Transfer Day’
On the eve of “Bank Transfer Day,” the grass-roots backlash against higher fees, U.S. credit unionssay they have added more than 650,000 members and $4.5 billion in new deposits in the past month. That’s 50,000 more new accounts than for all of 2010.
The report comes from the Credit Union National Association, the largest U.S. trade group.
“Many credit unions across the nation — whether they are realizing new members or not — are making special efforts to tap the surging interest in credit unions,” the group’s president and CEO, Bill Cheney, said in a news release.
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