Credit Unions Signed 40,000 Members on Nov. 5, Trade Group Says
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Credit unions attracted more than 40,000 new account holders last week during the so-called Bank Transfer Day, according to a Washington-based trade group.
Member institutions reported about $80 million in new savings, or an average of about $2,000 per new account holder, the Credit Union National Association said today in a statement. That figure may also include new money from existing members, said Patrick Keefe, a spokesman for the group.