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.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- J.McLaughlin to open in Highland Village next spring
- 'Blue Economy' important for Mississippi's future
- Hyatt-Place is Columbus’ newest hotel option