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CHARLESTON, W.Va.-Not every credit union saw much in the way of transfers on Bank Transfer Day. Pioneer West Virginia FCU said it didn't see a dime of increased business.
November 11 -
SANTA ROSA, Calif.-Redwood Credit Union reported it saw a significant spike in new accounts over the weekend of Bank Transfer Day, with more than 600 new accounts opened on Friday and Saturday. That is six times the normal number of new accounts, the credit union said. Overall, October set a record for new accounts, up 83% over the same period one year earlier.
November 11 -
WARMINSTER, Penn.-Freedom Credit Union reported a 67% increase in new membership applications on Bank Transfer Day over standard Saturday volume. That represented 35 new members. The credit union had earlier announced a promotion in which it is offering to pay members $5 a month to use their debit cards when they open a new checking account.
November 11 -
WALL, N.J.-First Financial FCU said its parking lots "were filled" on Nov. 5 when it opened 23 new full relationships. Previous transfers were made prior to Nov. 5 and the credit union said it will continue to promote Bank Transfer Month throughout November.
November 11 -
TINTON, N.J.-United Teletech Credit Union placed banners on its branches and electronic signs near the road to announce that it was the "Bank Transfer Headquarters" of northern New Jersey.
November 11 -
PORTLAND, Ore.-More than 200 people here marched from a downtown branch of JPMorgan Chase to Northwest Resource FCU on Bank Transfer Day. Of those, 17 opened new accounts.
November 11 -
DALLAS-Texas Trust Credit Union offered a cure for "F.E.E. Syndrome." The credit union said "F.E.E. Syndrome" is its term "for the weariness consumers feel in the face of irritating and ever-growing number of fees that their financial institutions are imposing or increasing.
November 11 -
SACRAMENTO, Calif.-Schools Financial Credit Union said Nov. 5 was its biggest day for new members of 2011, and helped to cap a record October during which it opened 1,064 new accounts. Similar volumes were seen at Landmark Credit Union in Wisconsin, which said it added 945 new members, 733 of whom opened checking accounts. And in Berkeley, Calif., Cooperative FCU reported opening accounts for 316 people in October, nearly triple the number of accounts opened in October 2010.
November 11 -
HARRISBURG, Penn.-At Pennsylvania State Employees CU, new account sign-ups jumped by more than 50% on Nov. 5, part of a big month for membership growth.
November 11 -
SAN JOSE, Calif.-Sara Holtz, marketing manager with San Jose CU, said the credit union was "thrilled" with traffic on Nov. 5. "I don't know what we were expecting but it was everything we were expecting and more. We opened 30 memberships today, which is half of what we normally do in a month."
November 11 -
FARMERS BRANCH, Texas-The Texas league reported that 47,000 Texans moved their business to credit unions in the month leading up to Nov. 2, representing $326 million in asssets. That rate is approximately four times the standard growth rate, the league reported. Among Texas CUs reporting increases were First Community Credit Union, Houston, which had seen a 43% increase, and Randolph-Brooks FCU in San Antonio, which said it opened "dozens of new accounts."
November 11 -
RALEIGH, N.C.-With other credit unions urging consumers to visit their branches on Bank Transfer Day, State Employees' Credit Union here offered some different advice: go somewhere else.
November 11 -
RANCHO CUCAMONGA, Calif.-The name of a website rolled out by CO-OP Financial Services sums up the campaign materials it is now offering crdit unions: BanksDontLikeYou.com. The humorous ads CO-OP has created urge consumers dissatisfied with the service at their banks to switch to credit unions and use the tag line "Banks Don't Like You. Credit Unions Do."
November 11 -
BATTLE CREEK, Mich.-OMNI Community CU here said traffic increased only slightly on Bank Transfer Day, with new accounts up by just three over the same period one year earlier. OCCU did report a spike in call volume to its call center.
November 11 -
BETHPAGE, N.Y.-Bethpage FCU said it opened a record 1,471 new checking accounts opened during its one-week Bank Transfer Day promotion, up significantly from the 383 new accounts opened during the same week last year. Of the 1,471 new accounts, 672 were opened on Saturday, Nov. 5th, Bank Transfer Day. In addition, Bethpage has seen a $100-million increase in deposits since Sept. 29, 2011, a 149% increase from the same period the year prior.
November 11 -
HUNTINGTON, Ind. – The manager of a Beacon CU branch was accosted by two armed robbers as she arrived to work yesterday, then tied up as they rifled the vault and made off with thousands of dollars in cash.
November 10 -
CEDAR FALLS, Iowa – UNI CU has contracted with Dwolla to implement the company’s integration product, FiSync, which offers members an expedited Dwolla sign-up process.
November 10 -
WASHINGTON – Mortgage rates dipped slightly towards record lows this week, according to Freddie Mac.
November 10 -
EUGENE, Ore. – A well-known auto dealer on Wednesday pleaded guilty to a check kiting scheme that passed some $19 million between Northwest Community CU and PremierWest Bank, eventually costing $3 million in losses to both lenders.
November 10 -
CINCINNATI – Vantiv, a card processor for more than 800 credit union known until July as Fifth Third Processing Solutions, filed to raise funds with an initial public offering that could be one of the biggest IPOs of the year.
November 10