Bank Transfer Day And Credit Unions
Monday, November 7, 2011
Aired 11/7/11 on KPBS Midday Edition.
Dr. Tony Cherin,Professor Emeritus, Department of Finance, SDSU
Paul Lewis, CEO SD Medical Federal Credit Union
Taking money out of a bank and putting it in a credit union was the focus of Bank Transfer day on Saturday. Occupy San Diego activists promoted the idea, and staged a rally and march in downtown San Diego. So, we're wondering, how many people really transferred their accounts - and what does a credit union offer -- that's different from a traditional bank? Many local credit unions offered incentives to join on Bank Transfer Day, we find out how many took advantage of their offers.
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