Credit Union Times Editor-in-Chief Tackles Bank Transfer Day on Radio Show
Cooke discussed key differences between banks and credit unions in the context of Bank Transfer Day, which took place Nov. 5. Bank Transfer Day was a target for consumers to move their accounts from big banks to credit unions.
“Bank of America and other large financial institutions started charging fees for debit cards following legislation championed last year by Senator Durbin,” Editor-in-Chief Sarah Snell Cooke said. “They’ve since backed off but consumers are fed up so they’re creating a stir about moving their money to community institutions, like credit unions. Bank Transfer Day has been a huge opportunity for credit unions.”
Listen to more of the discussion here.
About Credit Union Times
Credit Union Times and CUTimes.com are the most comprehensive news sources targeting forward-thinking credit union leaders. Since 1990, CU Times’ experienced editorial staff has provided comprehensive coverage of key, timely issues, technology, expert opinions and onsite events, as well as feature articles. With products ranging from web seminars to eNewsletters to custom publishing, Credit Union Times offers readers and advertisers many ways to connect within the dynamic credit union industry.
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For Information, contact:
Sarah Snell Cooke
CU Times Editor-in-Chief