How did it go on "Bank Transfer Day" last Saturday? Credit Unions opened over 40,000 new accounts just on Saturday, with a total of $80 million in new savings, according to a survey of credit unions by the Credit Union National Association released Tuesday afternoon.
In addition, 60% of the credit unions that signed on new members made loans on Saturday. The loans totaled $90 million. I haven't seen any comments from the big banks. I think its like when you get hit by a high fast ball and won't rub it and give the pitcher the satisfaction of knowing it hurt.
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