Search
 

On November 4th, just one day before Bank Transfer Day, Cooke participated in a Bank Transfer Day discussion on WNIJ, a NPR affiliate

Bank Transfer Day, which took place Saturday, Nov. 5, was a target for consumers to move their accounts from big banks to credit unions. Cooke discussed…

By Staff Writer | Updated on December 13, 2011

Bank Transfer Day, which took place Saturday, Nov. 5, was a target for consumers to move their accounts from big banks to credit unions. Cooke discussed the key differences between banks and credit unions with WNIJ in the context of the day that has received national attention. “Bank of America and other large financial institutions started charging fees for debit cards following legislation championed last year by Senator Durbin,” Cooke said. “They’ve since backed off but consumers are fed up so they’re moving their money to local, community institutions, like credit unions. Bank Transfer Day has been a huge opportunity for credit unions and I hope they continue to exploit it.”

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.