Teachers Federal Credit Union in New York said it opened 2,216 new accounts in October and 534 in the first five days of November.
The $4.1 billion credit union said the enrollment surge – 36% for October 2011 vs. October 2010 – during the run-up to Bank Transfer Day was preceded by a 21% increase in September compared with the year-ago month.
The 22-branch Hauppauge, N.Y., credit union said that one in five households in Suffolk County on Long Island now have at least one TFCU member.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.