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Credit unions, and their new members, are poised to benefit as more and more Americans become fed up with their banks, Credit Union National Association (CUNA) President/CEO Bill Cheney said during a Monday interview on CNBC's Squawk Box.
A proposed nationwide Bank Transfer Day, scheduled for Nov. 5, appears to be gaining some momentum as around 50,000 people had pledged on Facebook, as of Monday night, to remove their funds from banks and transfer them into credit unions.
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