On 04/11/2011 5:33 PM, Drifter wrote:
On 11/4/2011 7:29 PM, Canuck57 wrote:
On 04/11/2011 4:25 PM, Drifter wrote:
On 11/4/2011 4:49 PM, X ` Man wrote:
From the Credit Union National Assn:

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 (CUNA).

They have joined credit unions since Sept. 29, when Bank of America
(BofA) unveiled its plans to charge $5 a month for debit cards. The
public outcry the past month has forced BofA and other big banks to
reconsider their debit fees.

CUNA estimates that credit unions have added $4.5 billion in new
savings
accounts. More than four in every five credit unions experiencing
growth
since Sept. 29 attributed the growth to consumer reaction to new fees
imposed by banks, or a combination of consumer reactions to the new
bank
fees plus the social media-inspired Bank Transfer Day. Bank Transfer
Day, which is tomorrow, urges consumers to switch from big banks to
smaller credit unions and community banks.

"The results indicate that consumers are clearly making a smarter
choice
by moving to credit unions where, on average, they will save about
$70 a
year in fewer or no fees, lower rates on loans and higher return on
savings," said CUNA President/CEO Bill Cheney.

- - -

Even though BofA has rescinded its proposed fee for debit card/ATM use,
it is likely the "disintermediation" from big banks will continue. If
so, it will be good for average Americans and their communities.

When is bank transfer day. I have a goodly sum of money coming available
soon. And I will be sending my humble message to BOA.

Not worth your time. An organization like BoA has no future, just
waiting for someone to shoot it. If 0bama loses in Nov-2012 watch the
BoA stock drop even further as the next person might not be a buddy.

Ya, I know, what is FDIC these days? Probably not enough, just move.
Easier to be with a solvent institution and not worry.


Think positive man. *When O/bama loses*

Agreed. Will be nice to watch 0bama lose by a landslide. The best part
is in Canada all the media are whiny liberal-socialist irrational types.
So when the conservatives win, it is a hoot watching the idiots cry
like spoiled children.

When Nov-2012 comes by, I will not miss it. Because the big debtor is
going to lose and seeing his face will be priceless.
--
The reason government can't fix the economic problems is government is
the problem.