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 Transfer Day, totaling about $90 million.
CUNA surveyed 1,100 credit unions about the November 5 activity. Last week, the association reported that more than 650,000 people had joined credit unions since September.