The BTD was a success!!

The Bank Transfer Day yesterday can officially be declared as a success.

Only in Colorado, it was reported that more than $100M were moved to credit unions. 14000 people of Colorado participated in the action.

Still waiting for more reports from across the Nation.

Have you moved your money out of the Big Banks? Share your thoughts in the comments.

 

Your Little Advisor.

This entry was posted in Banking, News and Politics and tagged , . Bookmark the permalink.

2 Responses to The BTD was a success!!

  1. Pheonix says:

    Ummm, maybe you should read the articles you cite:

    “””
    14,000 Coloradans move $100M into credit unions
    By Jon Collins
    Friday, November 04, 2011 at 4:11 pm
    As the social media-sparked Bank Transfer Day approaches, the Credit Union National Association (CUNA) reports that over 650,000 people have joined credit unions in the last four weeks. In Colorado, the group reports 14,000 new accounts and $100 million in new deposits.
    “””

    Notice the date. Amazing that they were able to see *into the future* to figure out that it would be a success.

    Reading is a crucial skill. Perhaps you should master that skill before you attempt to be an advisor to others?

    • I got the amount wrong, for some reason I read it as 400M. But you don’t need to wait for the 5th to know it’s been a success. I moved my account from Wells Fargo to a credit union way before November 5th, and in any case it usually cannot be done within a single day. The fact that from the time the outcry started till now thousands and thousands of people ditched the big banks – that’s what makes it a success.

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