Friday, November 4, 2011

Credit Unions Gain 650,000 Members,4.5 billion In Deposits After BoA Fee Flap

Occupy Wall Street activists and their allies have been touting Saturday as "Bank Transfer Day." Credit unions say they're already seeing results, thanks to the firestorm over Bank of America's $5 debit-card fee: Since Sept. 29, when BofA announced plans for the new fee - since reversed - credit unions have gained an estimated 650,000 members and $4.5 billion in new deposits.www.philly.com/philly/blogs/consumer/Fee-firestorm-nets-650000-members-45B-in-deposits-for-credit-unions.html

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