Bank Transfer Day: Trades Still Adding Up Numbers
The results of Bank Transfer Day apparently were very good for credit unions but CUNA and NAFCU said Monday they are still determining just how good.
The anecdotal results indicate a vast increase in the usual number of account openings on a Saturday but translating anecdotes into hard numbers is the next step.
“We’re planning to have more information on estimates, sooner than later,’’ said CUNA Vice President Patrick Keefe. His organization received considerable coverage last week for its estimate that more than 650,000 people had opened credit union accounts since September.
CUNA President Bill Cheney discussed the increased interest in credit unions during appearances on ABC Radio on Saturday and Sunday on ABC Television and CNN.
NAFCU plans to release data based on information from its member credit unions later Monday, said NAFCU Public Relations Manager Patty Briotta.
On Friday, NAFCU President/CEO Fred Becker and Arlington Community FCU Brenda Turner discussed the increased interest in credit unions during an appearance on CNN. Briotta also said that several of their credit unions received television coverage on Saturday as well.