About $80 million goes local on Bank Transfer Day

Credit unions signed up 40,000 new members, and added $80 million in new savings account money, during last Saturday’s Bank Transfer Day, according to the Credit Union National Association (CUNA).

CUNA released those figures on Tuesday after surveying 1,100 credit unions. The survey revealed that about 80 percent of larger credit unions signed up new members on Bank Transfer Day (Nov. 5), and many extended their Saturday hours to deal with the surge in demand for new memberships.