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.
CUNA’s Bill Hampel told Credit Union Times that the association adjusted its numbers based on receiving more complete data.