The South Carolina Credit Union League said it has counted24,376 new members at the state's credit unions since Bank of America announced its now-rescinded $5 per month debitfee.
|“That represents a 42% increase over normal membership growth”said Steve Fowler, the league's president
|According to Fowler, many of those who made the switch to acredit union cited big bank fees as a reason why they moved theirmoney
|So did Chris Terlinden, marketing director for the $497 millionPalmetto Citizens FCU in Columbia, S.C.
|“We always have new members joining because they are tiredof their banks fees and poor service” Terlinden said. “However, wehave seen a significant increase in the number of peoplespecifically giving their frustration with their banks fees astheir primary reason for switching.”
|Fowler said South Carolina credit unions are continuing to“strive to make every day Bank Transfer Day. Just because an event was created onFacebook for one day, doesn't mean you can't walk into your localcredit union a week from now or a month from now and experience thecredit union difference.”
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