Record numbers of member enrollments are continuing among California credit unions, according to the California Credit Union League, and at Maryland's largest credit union.
The surge began after the Sept. 29 announcement that Bank of America would begin charging a $5 monthly debit fee and has continued past Bank Transfer Day on Nov. 5.
In California, an estimated 160,408 new members joined between Oct. 1 and mid-November, the league said it found in a recent survey. The first nine months of the year saw an average of 15,500 new members per week, compared with 26,735 since then, an increase of 72%, the league said.
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