Credit unions expecting to profit markedly and gain many new accounts from Bank Transfer Day fallout and Occupy protests will need to drastically step up their technology game, according to a California research firm.
Javelin Strategy & Research founder says credit unions need to offer more Web and mobile products or "go the way of the Oldsmobile."
The topic for a morning Salt Lake City talk show may have been the impact of Bank Transfer Day, but the head of the Utah Bankers Association quickly converted the pre-Thanksgiving broadcast to an assault on the credit union tax exemption.
Banks practice researcher says consumer reluctance to switch shows in the statistics.
Missouri's largest credit union said 2,600 new accounts opened since Sept. 29.
A CDCU already in the media spotlight for having run afoul of Goldman Sachs was the focus of a NBC story about Bank Transfer Day this past Saturday.
Credit unions, trades, leagues keep up offensive as banks retreat, Saturday approaches.
Follow BofA? J.P. Morgan Chase says no way.
Two legislators have announced they will file a bipartisan bill in the House to repeal the Durbin amendment and remove its cap on debit card interchange.
Some Southern California credit unions are looking to benefit from the Occupy Wall Street and Bank Transfer Day movements.