Bank Transfer Day Pumps Up Missouri Credit Unions With $49 Million
More than 7,100 members switched to Missouri credit unions in the past six weeks. Local credit unions said the increase was evident.
Bank Transfer Day had a big payoff for area credit unions. Since the effort began six weeks ago, the 131 credit unions in Missouri added 7,100 new members, who transferred $49 million into the credit unions, said Missouri Credit Union Association President and CEO Mike Beall. Bank Transfer Day was Saturday. “In just a couple of weeks, that’s a half percent growth in number of members and total assets,” Beall said. “That’s pretty significant growth in just a six-week period.” In the St. Louis area, Jim Cochran, vice president of retail sales for Vantage Credit Union, said the establishment saw increases throughout the six weeks leading up to Bank Transfer Day, although he couldn’t give exact figures. "I can tell you we opened more accounts …
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