Credit Union National Association

Did Bank Transfer Day work? Over the weekend, many Americans came out to protest big banks, and while there's no hard data yet to gauge the day's impact, credit unions around the country are reporting a continuing upsurge in interest. And the protests don't appear to be fading.

On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.

Like some other recent revolutionary movements, Bank Transfer Day had its genesis on Facebook. But can this grassroots rebellion against the nickel-and-diming of the big banks actually accomplish anything, and how much will the nation's credit unions really benefit?

The Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) have come out today with their tenth annual holiday spending survey, and here's what they have found: Consumers aren't going to be spending as much on their holiday gifts as in previous years. Could there be...

Entrepreneurs, take note. Credit unions may soon be able to lend more money to small businesses, according to media reports. Right now, credit unions are not allowed to lend more than 12.25% of their total assets. But a bill that was introduced in the U.S. House of Representatives on July 29 will...