Money is flowing out of banks and into credit unions, especiallyfrom Bank of America and especially into bigger credit unions.

That's according to Andera Inc., a Rhode Island-based providerof online account opening and switch kit technologies to more than500 credit unions and banks.

That role puts Andera and companies like it in a position to seethe money move, and it indeed did up to and on Bank Transfer Day.

“At Andera, because we've got a representative sample of thenation's financial institutions as clients, we're kind of like theNational Earthquake Information Center for events like these,” saidits chief marketing officer, Bob Chatham.

“It looks like a few people actually put down the remoteover this past weekend and did move some money. Not on anoh-my-God-the-world-is-a-dramatically-different-place-afterwardsscale, but kind of like a 4.5 magnitude earthquake in Virginia. Youfeel the shudder, and people are talking about it,” Chathamsaid.

Chatham said Andera's client credit unions saw an average of 7.5opened accounts over the weekend, with $500 million to $1 billioncredit unions averaging six new accounts, billion-dollar andup CUs all recording at least 19 new openings and $5 billion pluscredit unions averaging 55 new accounts.

The Andera executive added, “We don't have any of the trulylarge demonized institutions as clients — B of A, Wells,Citi — so most of our bank clients saw effectively nochange or minor drops in their average online account openingvolumes between the two weekends.”

Meanwhile, Andera can track where the money is coming from, atleast through the widely used ACH channel.

“Our credit union clients continue to take an increasing shareof their ACH transfers from BofA, with the last four weeksaveraging north of 20% up from around 10% of transfers during thesummer,” Chatham said, noting a particular spike when thenow-rescinded $5 a month debit fee was announced.

He also noted that the average ACH transfer from Bank of America has been $750 since July,compared with $114 for large regional banks.

“The amount transferred into CUs is trending up; the amount outof banks is relatively flat. The fact that the BofA value is higherinto CUs might indicate that people are closing the account sincethey're moving a larger sum of money out of it, but we can't provethat,” Chatham said.