Posted November 17th, 2011 No Comments
Impact of Bank Transfer Day…An Estimated 140 New Accounts Opened.

Saturday, Nov. 5, 2011, was a momentous a day in the credit union movement. When industry analysts and historians look at and back on Bank Transfer Day, it will undoubtedly be viewed as a turning point of credit union awareness.  With the potential of becoming an ongoing movement that has only begun to make waves, Bank Transfer Day’s full affect on credit unions remains to be seen.

For most Nebraska credit unions it was business as usual: no unmanageable influx of members and new account openings were steady. It is estimated that 140 new accounts were opened on that already infamous Saturday.  Additional affects are also being felt by Nebraska credit unions by way of dramatic rise in web traffic on FindACreditUnion.com and BetterYourMoney.org over the past weeks leading up to Bank Transfer Day.

The Nebraska credit union locator site received over ten times the number of inquiries compared to an average month.  Web hits were up 1,344%. Bank Transfer Day was also covered by a number of regional media outlets. Here is a round-up of some of the weekend coverage:

Banks, credit unions offer 2 views http://www.omaha.com/article/20111105/MONEY/711059924(Omaha World Herald)

Your Bank to Switch or not to switch http://www.ketv.com/video/29720945/index.html (KETV)

Bank Transfer Day Hits Metro http://www.wowt.com/home/headlines/Bank_Transfer_Day_Hits_Metro_133299003.html (WOWT)

Fed Up Consumers Planning For Bank Transfer Day http://journalstar.com/business/article_1fad6925-4f4e-5385-a2f4-d11d00990ef2.html (Lincoln Journal Star)

Leave a Comment

Reply

Events Calendar
November Edition

MISSION STATEMENT


The mission of the Nebraska Credit Union League & Affiliates is to protect, promote and perpetuate the credit union movement in Nebraska.
What's Inside
Archives