SEATTLE — Like other Washington State credit unions, last month's fire sale of Washington Mutual Savings Bank to JPMorgan Chase Bank brought a huge jump in memberships for the $8.5 billion BECU.
Daily membership "has doubled since the severity of WaMu's problems become known at mid-month," said a BECU spokesman.
In fact, September set an all-time monthly record for BECU of 8,100 new members, excluding indirect auto lending members, said the spokesman for the 580,000-member Seattle CU. "It certainly is a great time for credit unions," said the spokesman.
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