07 Nov '11, 11pm

Many customers in America are moving their accounts from banks to credit unions....

NEW YORK (CNNMoney) -- Credit unions and small banks say they've seen big jumps in new account openings thanks to this weekend's "Move Your Money " and "Bank Transfer Day " initiatives, but do the big banks even care? Digital Federal Credit Union, the largest credit union in New England with 330,000 total members, welcomed 133 new members on Saturday. That's 56% higher than the average 85 account openings it sees on a typical Saturday. http://money.cnn.com/2011/11/07/pf/move_your_money_day/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29 Note: Credit units are member based organisations, like the cooperative societies in Singapore, that provide basic services to members, including savings and loans.

Full article: http://tankinlian.blogspot.com/2011/11/customers-move-to-...

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