MADISON, Wis. (11/2/11)--Nine of the top ten most read News Now articles in October were related to Bank Transfer Day, the day designated for fed-up big bank customers to switch accounts to credit unions and small banks.
Here is a list of the top 10 most-visited stories for the month:
10. Two mergers announced
DEEPWATER, N.J. (11/28/11)--Two credit union mergers--one in New Jersey and one in Massachusetts--were recently announced.
9. HuffPost: Cheney says Bank Transfer Day is just a start
WASHINGTON (11/2/11)--The movement toward credit unions over the last several weeks has been nothing less than phenomenal and the oncoming Bank Transfer Day—Nov. 5--can be just the beginning for consumers who want to take steps toward financial freedom through credit union membership, Credit Union National Association President/CEO Bill Cheney underscores in a new Huffington Post
8. Banks adding in new fees to replace debit fee
MADISON, Wis. (11/23/11)--Thanks to Bank Transfer Day and other consumer backlash against bank fees, big banks have backed down from charging debit card usage fees. Or have they? Some sources are reporting a boost in other types of fees to make up for lost revenue.
7. Social media added wow factor in movement to CUs
MADISON, Wis. (11/10/11)--While all the media coverage of consumers' exodus from banks to credit unions certainly helped get the word out about the benefits of credit unions, don't underestimate the power of social media' in what at least one media outlet called the "stampede" to credit unions.
6. CUNA's Hampel tells Fox: 'Bank Transfer Season' has begun
WASHINGTON (11/15/11)--The 700,000 in new members and $4.5 billion in new deposits that credit unions brought in the past month are "phenomenal," and this success, and the continued attention paid to credit unions, could signal a "Bank Transfer Season" that will last beyond Nov. 5's Bank Transfer Day, Credit Union National Association (CUNA) Chief Economist Bill Hampel said in a recent FoxNews.com
5. CUNA's Cheney, Transfer Day Founder Christian interviewed on Fox Business
WASHINGTON (11/9/11)--Consumers and media members nationwide have continued to focus on credit unions' role before, during and after last Saturday's Bank Transfer Day, and Credit Union National Association President/CEO Bill Cheney appeared alongside Bank Transfer Day organizer Kristen Christian to discuss the movement toward credit unions, and the value they provide to their members, in a Fox Business Channel
interview earlier this week.
4. Early reports show Bank Transfer Day success
MADISON, Wis. (11/8/11)--For many credit unions, Saturday's Bank Transfer Day was a huge deal. Although many had seen an influx of new members throughout October after the mega-banks announced their now-rescinded debit card fees, many made record single-day strides in new accounts opened Saturday. Some reported more than 600 new members.
3. CUNA survey: 40k members, $80M in savings on BTD
WASHINGTON (11/9/11)--Credit unions brought in 40,000 in new members, and added $80 million in new savings account funds, on last Saturday's Bank Transfer Day, capping a month that resulted in nearly 700,000 new credit union members joining the movement.
2. Bank Transfer Day momentum sure to continue, CUNA says
WASHINGTON (11/7/11)--The official Bank Transfer Day came and went on Saturday, and by now the dust has settled and tallies have been taken of how many consumers switched from being bank customers to credit union members on the day that was so much ballyhooed in advance.
1. 650,000 new members ahead of Bank Transfer Day
WASHINGTON (11/4/11)--At least 650,000 consumers across the nation have joined credit unions in the past four weeks, reflecting consumers' reactions to rising fees at banks, according to a survey by the Credit Union National Association.