Monday, November 7, 2011
Did Bank Transfer Day catch on - does it still have momentum? We take a look and talk to an SDSU finance professor about credit unions.
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.