Alabama and Florida credit unions have hit new asset records as the effects of Bank Transfer Day and bank fee backlash apparently continue, according to the League of Southeastern Credit Unions.
Florida credit unions hit $45.3 billion in assets and Alabama credit unions reached $17.5 billion in the latest quarterly report from the NCUA, both new records, the LSCU said.
Membership totals also hit new highs, the league said, as Florida gained 48,000 members in the first quarter of 2012 to reach 4.65 million and Alabama credit unions added 20,000 new members to a total of 1.8 million.
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