Antics of big banks give credit unions, community banks early holiday gift
Mississippi credit unions saw ‘some activity’ from ‘Bank Transfer Day’ while community bank Renasant grew accounts in state markets by 32 percent
by Ted Carter
Published: November 20,2011
Breaking up isn’t so hard to do, after all.
At least that’s what the Credit Union National Association reported a few days after the Nov. 5 national “Bank Transfer Day,” a protest staged to show dissatisfaction with the nation’s giant banks by urging depositors to move their accounts to credit unions and hometown community banks.
Just days ahead of the protest date, big banks such as Chase, Bank of America, Wells Fargo, SunTrust and Regions pulled the plug on plans to start charging customers monthly fees of $3 to $5 monthly for using debit cards for retail transactions. The concessions failed to slow the momentum of the “Move-Your-Money” protest, said the Credit Union National Association, or CUNA.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Mississippi State makes NSF ranking of research universities
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says
- Chaney drops lawsuit against National Flood Insurance Program
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Ex-city worker arrested on false pretense charge