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Thousand new customers today after this weekend's bank transferred -- angry customers online campaign to get people switch from banks to credit union.
Looks like it worked -- many banks are now reversing their canceling their debit card -- plant so.
What happens to the credit unions in their new found customers carry out when this president and CEO of BE CU this is the largest credit union.
In Washington State are able to start off with a good part of this Gary how many people did you get to come over to your credit union.
Well over the weekend on both Friday and Saturday we -- record days you know a couple the couple thousand people coming in on that time period.
We've actually over the not last ninety days.
-- a regular increase in the number of members coming in record months in both August and September.
And then October we had about a four -- 300%.
From our normal -- average so about.
171000 in -- -- now October Gary what about small businesses.
We know what good credit unions can do for small businesses that have been shut out.
Small business loans from the big banks.
Have you had them switch -- well.
Absolutely -- a lot of small businesses.
Have been have been kinda stuck in.
Predicament of being able to take only what's available to -- and that's what what the big -- seven and often what the big banks offer is very sophisticated.
Very elaborate much more than is that a small business needs but.
Programs for for the small businesses to operate.
Credit unions are have been able to go ahead and and develop.
Systems then and -- products and services for the small businesses that fit more there are there -- Well it's -- you start to see these banks reverse for example was widely reported and we native.
Made a big deal of it because we watched so closely the Bank of America is now jettisoning those.
At least some of their fees.
How do you continue to hold on to those customers that you've got and keep them from going back to say a Bank of America.
Well you know it's something that we've worked on for the last several years -- kind of building our brand in the in the area and what we've really experienced is is this steps change in terms and at added fees that are put people over the tipping point.
And I think once that momentum has gotten started is going to continue because when people start understanding that.
You know when there's.
Strong credit union presence and a market did -- it positively impacts for the consumer standpoint.
The pricing structure that they pay for for financial services.
That they'll they'll continue to go ahead not only stay with us but continued to talk with their neighbors talked with their friends and and continue to.
Suggest people come join a credit union.
Gary Oakland presidency -- -- credit union and beautiful downtown -- it is -- -- you -- Congratulation -- -- -- coming on appreciate it thank you thing.
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