Credit Unions Continue Surge in Customers Leaving Banks
Credit unions are showing continued increases in new memberships in Colorado and nationwide, a year after consumers who were mostly fed up with fees started a movement away from banks.
The idea was that fees for banking services could be avoided by transferring accounts to local credit unions. It evolved into Bank Transfer Day, whose effects, industry experts say, lingered long after.
Membership enrollments in Colorado-based credit unions have risen by 2.4 percent in the past year — the first increase in three years and the highest since 2001. Read More