Missouri's largest credit union, the $1.8 billion CommunityAmerica of Kansas City said Thursday it has reaped $7.5 million in new loan business and 2,600 new accounts since Sept. 29, when Bank of America announced its now-canceled plans to impose debit fees.
"I'd call that a pretty good increase since this all began," declared Dennis Pierce, president/CEO of the 167,000-member CommunityAmerica.
With Bank Transfer Day now past, Pierce said the increased traffic is certain to continue despite the big bank reversal on the fees, and so "we'll get more loan business."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
