For Redwood Credit Union, the national switch day resulted in600 new accounts.
|The $1.9 billion credit union in Santa Rosa, Calif., saidas a result of Bank Transfer Day, the figure was equal to six times the normalnumber of new accounts. Following a record October in new accountsfor RCU, with an 83% increase over October 2010, the growth showsno signs of stopping, according to the financial institution.
|“While we're thrilled to be welcoming so many new people to RCU,the real winner is the consumer or business owner who will seeimmediate savings and better service by making the smart decisionto switch to a credit union,” said Brett Martinez, president/CEO ofRCU.
|“Because credit unions are not-for-profit, people who switchenjoy more affordable banking with a higher level of personalservice, and at the same time, they are helping strengthen thelocal communities where they live and work,” Martinez said.
|The credit union serves 200,000 members, has 18 branches and accessto 28,000 fee-free ATMs the CO-OP Financial Services.
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