As if credit unions need another reminder…
October 9, 2008 | Free Subscription
Need more proof that existing market conditions are creating an optimal environment for credit unions to flourish? Here it is.
“As banks struggle, credit unions get rush of new customers.”
“Credit unions make sense now more than ever.”
— Wall Street Journal MarketWatch
“Consumers are now thinking seriously about switching
their cash from banks to credit unions.”
“Wachovia customers use their feet, head for credit unions.”
— Wall Street Journal MarketWatch
“We’ve run out of switch kits.”
— TAPCO Credit Union, in the News Tribune
“Credit unions have a chance to attract new members to savings accounts right now.”
“There is going to be tremendous loan demand. You’re going to have to tweak your strategies, and let more members know you’re there.”
— Dave Colby, CUNA Mutual’s Chief Economist in the Seattle Times
“Despite national downturn, local credit unions are thriving.”
“Credit unions are attracting new deposits.”
[The Financial Brand has another article about the opportunities credit unions have in this economy: The media falls in love with credit unions.]
This article © 2012 by The Financial Brand and may not be reproduced.
Related Articles From The Financial Brand:
- BofA’s $5 Monthly Debit Fee: The Backlash, The Fallout and What It All Means
- Public Confused, Angry Over Credit Union ‘Bailout’
- Bank Sticks It to Rivals With Massive Guerilla Campaign
- 4 Ways ‘Bank Transfer Day’ Is Silly
Hey, some of our local papers! (I have two friends in Seattle who went from WaMu to BECU, one of whom was pleasantly surprised to find there were actually MORE BECU ATMs near her apartment. Plus my kid sister switched from WaMu to the CU where I work.)
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