Bank Transfer Day Is November 5

With thousands of consumers pledging to move their money to a credit union by November 5 as part of “Bank Transfer Day,” Hoosick Federal Credit Union of Hoosick Falls reports that it is ready to accept new members now. “Every day is a good day to join a credit union,” said Jim Martinez, President of Hoosick Federal Credit Union. Now is the time to become one of more than 92 million Americans nationwide who are already enjoying the advantages of credit union membership.”
Martinez said consumers that do make the switch will find that on just about any given day, on average, credit unions offer higher return on most savings, lower rates on most loans and lower (or no) fees than other financial institutions charge. In fact, the Credit Union National Association (CUNA) estimates that, over the last year (12 months ending June ’11), the average credit union member saved $69, $132 per household, just by doing business at a credit union. And that’s on average; the more a consumer does with a credit union, the more the consumer saves.
“Make your best decision based on your needs and that of your family,” Martinez added. “If you like saving money and conducting your financial business at a place that focuses on your needs, join a credit union.”