Missouri's largest credit union, the $1.8 billion CommunityAmerica of Kansas City said Thursday it has reaped $7.5 million in new loan business and 2,600 new accounts since Sept. 29, when Bank of America announced its now-canceled plans to impose debit fees.
"I'd call that a pretty good increase since this all began," declared Dennis Pierce, president/CEO of the 167,000-member CommunityAmerica.
With Bank Transfer Day now past, Pierce said the increased traffic is certain to continue despite the big bank reversal on the fees, and so "we'll get more loan business."
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