What’s in store for credit unions and banks in 2012? Many wonder whether the momentum generated last year during the Bank Transfer Day movement will continue this year. Meanwhile, at least one bank leader has indicated that the top 20% profitable customers are the only ones the banks are interested in serving.

Gina Ragusa at Credit Unions Online spoke to ...

Bank Transfer Day prompted hundreds of thousands of people to join credit unions, just not as many as first believed.

CUNA initially announced that 650,000 new members joined the credit union ranks, but they have revised those numbers to 210,000 new members. They added that 400,000 new checking accounts were opened in the weeks leading up to Bank Transfer Day....

Some recent merger news, courtesy of Credit Union Times…

Landmark CU of Milwaukee plans to merge with Horizon CU, a $26 million institution. The merger is subject to member approval on Dec. 13. Landmark also has approval to merge $22 million Co-operative CU and $23 million American CU.

The merger between $1.6 billion Volunteer Corporate Credit Union...

During this wave of anti-bank sentiment over the past few months, I’ve occasionally wondered why more credit unions haven’t directly referenced the Occupy movement. Many CUs have been riding the anti-banking wave surrounding Bank Transfer Day earlier this month, but I haven’t read much about CUs vocally supporting Occupy, even though Occupiers support the idea of CUs.

Well, Tina Mooney, who ...

The 40,000 new members, $80 million in new savings account funds, and $90 million in new loans that grew out of Bank Transfer Day signals a dramatic shift in consumers’ attitude. The repercussions will extend well beyond this month, CUNA Chief Economist Bill Hampel told Fox News recently.

In the past month, credit unions have brought in 700,000 new members ...

We live in Connecticut, pay taxes in Connecticut, educate our kids in Connecticut and spend our money in Connecticut. It’s exciting to be able to work on the websites that residents use to learn more about our state government, its related agencies and the services they provide.

We learned today that we’ve been selected as an official provider of website ...

After enduring significant customer backlash, Bank of America backed off its plan to implement a monthly fee tied to debit card use. While many consumers viewed that as a victory, that’s not the end of banks’ attempts to collect more money through fees. Far from it.

As the New York Times points out, many banks are increasing certain administrative ...

Start Community Bank in New Haven, Conn., is reaching out to teach financial awareness to at-risk students through their four-part “Loot Camp.”

It’s a real-world approach to help students understand the basics of financial management. Bank SVP Lynn Smith started a recent session by asking what Larry King, MC Hammer and Ulysses S. Grant all had in common: “They all ...

So with all of the talk of Bank Transfer Day, what were the results? Well, credits unions opened more than 40,000 new accounts on November 5 and took in a total of $80 million in new savings, according to a CUNA survey.

Also, six out of 10 CUs who signed up new members said they made loans on Bank ...

Chicago-based consultancy Raddon Financial Group has a warning for credit unions seeking to capitalize on consumers’ anti-bank sentiments: Be careful what you wish for.

The downside of a mass migration to credit unions is that some of those accounts will be single-service, low-balance accounts that “will need to be subsidized by the rest of the membership,” Raddon’s Bill Handel told ...