CUNA said Thursday that at least 650,000 consumers have joinedcredit unions since Bank of America announced its now-canceledplans to charge $5 a month for debit cards.
An additional $4.5 billion in new savings accounts also has goneto credit unions during that time, the trade group said, basing itsestimate on a survey of 5,000 credit unions nationwide.
The rush of new accounts that followed the Bank of Americaannouncement, and the run-up to Bank Transfer Day it apparently ignited, compares with the 0.2%negative growth the trade group had reported through August, whenit said there were 92.6 million credit union membersnationally.
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