Consultants say "this extraordinary chance at growth cannot be squandered" but CU leadership must proceed with caution.
As mayors in at least two cities shut down areas that were being used to protest, Occupy organizers have said the moves will not deter their efforts.
Michigan Schools and Government CU opening its nine locations in suburban Detroit, offering deposit match and pasting names on walls.
More credit unions say they have been finding ways to make Bank Transfer Day work for them.
Credit unions hope the growing consumer anthem of “We’re not gonna take it,” over the latest debit card bank fees, has those consumers primed to make a switch.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Social media and other websites continue to show surges in interest about credit unions on Tuesday as Bank Transfer Day approaches.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
Community banks are ready to benefit from "consumer choice," trade groups say.
Members would lose access to network if conversion to bank goes through.