According to recent data released by the National Credit Union Administration, which represents the nation’s 7,019 credit unions, credit unions added 667,000 new members in the first quarter of 2012 to a record of 92.5 million. With the debit card fee controversy and the demise of “free checking” that plagued the bank industry last year, recent statistics show consumers are continuing their migration from big banks to credit unions. The reported first quarter gain of 667,000 in membership is 62%...
