popularity and balance sheets grow especially through the financial crisis. alicia acuna live in denver with more? reporter: jenna, credit unions are designed to serve the financially underserved and ceos are usually hired i about volunteer boards but it turns out those positions pay a lot more than some might expect. credit union membership doubled in 2011 thanks in part to the so-called bank transfer day last fall when members of the occupy movement called on americans to take their money out of for-profit banks and put it in, not-for-profit credit unions. i ve been a customer for 17 years. i m going to go withdraw my money. i think if there is enough people transferring their money and putting money into alternative areas the banks will have to be become better corporate citizens. reporter: turns out as these tax-exempt institutions grew, so did compensation for their ceo s. in denver it was recently reported former public service credit union ceo david moss received a $9.3
in america? banks, their revenue has been cut in large part because of regulations, they are going to try to find revenue from other places. revenue comes from customers and that is you. gregg: let s talk about credit unions. there was a seminal moment bank of america, five dollar debit fee and then all of a sudden who kind of hated the big banks, got together and on bank transfer day. a was a p.r. nightmaring. they took their funds and went to credit unions? credit unions are nonprofits. they are owned by their members. so it s in their best interests to give their members who own the credit unions the best deal they can. you can get better deals on mortgages, loans on just about everything. the fees are lower, but the bells and whistles are not there. you can t get online banking.
medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you re 75 or older, have a bleeding condition like stomach ulcers, or take aspirin, nsaids, or bloodthinners, or if you have kidney problems, especially if you take certain medicines. tell your doctor about all medicines you take, any planned medical or dental procedures, and don t stop taking pradaxa without your doctor s approval, as stopping may increase your stroke risk. other side effects include indigestion, stomach pain, upset, or burning. pradaxa is progress. if you have afib not caused by a heart valve problem, ask your doctor if you can reduce your risk of stroke with pradaxa. quick update on a story we did about occupy wall street s bank transfer day last november. new reports show substantial exodus from big banks to credit unions in 2011 with credit unions signing up 1.3 million new customers bringing their
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what this involved was financial reformulas year that took place last year, basically said if a customer is facing an overdraft, then the bank would have to notify that bank customer that they may face a fee of, maybe $35 per transaction. you just have to notify them. all bank of america wanted to do here was essentially send a text message to a customer saying look, you may be in overdraft mode. if you want to go into overdraft you will have to pay this $35 fee. with the protests against the banking system. bank transfer day, where bank transfer day involved activists saying get rid of your bank accounts, move to credit unions, essentially bank of america is even backing off just texting a notification that you may be in overdraft. bank of america already ditched its overdraft fee as has citigroup and hsbc. so this seems to be more sensitivity on the part of banks to what is going on