650,000 Americans Joined Credit Unions Last Month — More Than In All Of 2010 Combined

[ProSense]

650,000 Americans Joined Credit Unions Last Month — More Than In All Of 2010 Combined

By Zaid Jilani

<...>

Now, the Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee, a move it backed down on this week.

To put that in perspective, there were only 600,000 new members for credit unions in all of 2010. “These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings,” said CUNA President Bill Cheney.

This Saturday, 99 Percenters are calling on Americans to move their money from big banks to credit unions and community banks on what is being called “Bank Transfer Day.” If you want to stand with the 99 Percent and take part in this action, use the Move Your Money project’s community bank and credit union finder tool to find out how...

[louis-t]

1. Way beyond my expectations.

People really hate banks.

[tridim]

2. Wow, these numbers are very significant.

It's only going to get worse for you TBTF banks.

[sabrina 1]

3. And this Saturday is 'move your money' day

Our local Credit Union is advertising the free opening of accounts for Saturday. I called them yesterday because we have a wedding to go to on Saturday to make sure we can do it online and be counted as part of the protest.

[FailureToCommunicate]

4. This Saturday - Nov 5th- is 'move your money' day!

link:
http://videocafe.crooksandliars.com/heather/saturday-no...

or:
http://moveyourmoneyproject.org/about

[Zorra]

5. Wow! Thanks for this info. nt

[cyglet]

6. Hopefully

many many more on the 5th. People are realizing they have other options I think.

[louslobbs]

7. K&R n/t

Lou

[Laluchacontinua]

8. I just can't help thinking they're pushing small depositors into CUs so they can scam them again.

[corpseratemedia]

9. i am doing this but it maybe on Friday..

close enough!