Banks Bleeding From Defections As Credit Unions Gain Members
www.wonkette.com
Some 650,000 people joined credit unions last month, more than all of last year combined. On "Bank Transfer Day" alone, there were 40,000 new accounts opened at credit unions. And even before #OccupyWallStreet and the Bank of America fee outrage, a summer survey found that the biggest 10 banks stood to lose about 10% of their deposits in the coming year just because of customer disgust -- $185 billion out of $2 trillion in "retail deposits." Imagine what a 20% retreat would do, or 40%. This
Banks Bleeding From Defections As Credit Unions Gain Members
Banks Bleeding From Defections As Credit…
Banks Bleeding From Defections As Credit Unions Gain Members
Some 650,000 people joined credit unions last month, more than all of last year combined. On "Bank Transfer Day" alone, there were 40,000 new accounts opened at credit unions. And even before #OccupyWallStreet and the Bank of America fee outrage, a summer survey found that the biggest 10 banks stood to lose about 10% of their deposits in the coming year just because of customer disgust -- $185 billion out of $2 trillion in "retail deposits." Imagine what a 20% retreat would do, or 40%. This