Credit unions opened more than 40,000 new accounts on BankTransfer Day, with a total of $80 million in new savings, accordingto a survey of credit unions by CUNA released Tuesdayafternoon.
|In addition, 60% of the credit unions that signed on new membersmade loans on Saturday. The loans totaled approximately $90million.
|CUNA said it based its data on responses to a survey it sent toabout 1,100 credit unions. The trade group claims membership fromabout 90% of the nation's credit unions.
|“Since Sept. 29 – the day Bank of America announced itsnow-rescinded monthly $5 debit card fee – average estimatedmembership increases nationally were around 20,000 new members eachday, “ CUNA President/CEO Bill Cheney said in a statement. “OnSaturday, consumers doubled the pace. It's clear that consumerskept up their interest in credit unions.”
|Last week, CUNA reported that more than 650,000 people had joined credit unions sinceSeptember.
|On Monday, NAFCU said a survey of its members found that 54% reported anincrease in share growth and/or fees because of Bank TransferDay.
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