Contact Us

Banks Losing Customers In Back-lash

(Photo by David McNew/Getty Images)

News Flash!  An astounding 650,000 people have closed their bank accounts with major banks and moved over to their local credit union.

I think we’re all aware that our major banks wanted to charge some ‘fun’ fees when we used our debit cards.  Now of course, it is our own money that we’re lending to the bank so they can make money on it, while keeping it safe for us, but we can use it when we chose.  So since the banks weren’t making enough profit on their own investments and charges, they wanted to charge us for using our own money.  Slick!

So, the s_ _ _ hit the fan and the banks backed off.  But the back-lash has been that thousands of us have had it, and moved to more customer-friendly credit unions.

These figures came from the Credit Union National Association, who reported that more than 80 percent of its 5,000 member institutions saw their customer numbers jump and added $4.5 billion in new savings accounts.

I’m wondering about the smaller, local banks, though.  Are they seeing customers leave, too, simply because they are a ‘bank,’ or are they reaping the benefit of new customers as well.  Only time will tell.

What about you?  Have you moved?  Stayed put?  What do you think?

Best of 100.5 The River

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Please solve this simple math problem to prove that you are a real person.

Sign up for The River's Loyal Listeners Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive The River's Loyal Listeners Club contests, events, coupons, presales, and much more delivered to you for FREE.