The Credit Union National Association, which surveyed 1,110 of its members, says credit unions around the country reported adding a total of 40,000 members on Nov. 5th. The new members also that day deposited $80 million in credit union savings accounts. Meanwhile, credit unions reported making $90 million in new loans on Saturday.
Credit unions should send Bank of America a dozen roses. The bank’s plan to add a $5 monthly debit card fee next year caused an uproar and encouraged a 27-year-old gallery owner in California to come up with the Bank Transfer Day.