650,000 Americans Joined Credit Unions Last Month -- More Than In All Of 2010 Combined
One of the tactics the 99 Percenters are using to take back the country from the 1 percent is to move their money from big banks to credit unions, community banks, and other smaller financial unions that aren’t gambling with our nation’s future.
Now, the Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee, a moveit backed down on this week.
i've belonged to credit unions in the past and will look to join one soon.They are a great alternative to the corporate banking giants
I am moving mine locally so I am right there with you.
For me, this type of people power is far more effective than any Occupy Wall street campaign - money talks! You'll see all banks backing off these extra fees soon - in fact Capital One are trying to take advantage by offering '5x'the interest rate, free checking and no ATM fees on any banks ATMs
It's stimuating competition and is exactly what the consumer needs!
The only thing I suggest that people do when looking into local banks is make sure they are FDIC insured - if they are not and they go under, you lose your money!
Good idea , I will join one on Friday, thanks for sharing
"650,000 Americans Joined Credit Unions Last Month"
This truly does warm the cockles of my heart.
On an unhappier note...
Before all the media frenzy had started concerning all the bank fees, I had written a hub about joining credit unions. Google has completely ignored it during this entire media episode. Tough town, the internet.
I have been in a credit union for several years now. I have been very pleased with the services and the customer friendly atmosphere. I also save at one of my larger local banks. I am happy with them too. The credit union is a notch better though.
Saturday Nov,5 2011,,,Bank Transfer day. Stop feeding the parasites.Transfer your accounts from a Too Big Too Fail bank to a credit union or small local bank.
by Earl S. Wynn 7 years ago
Which are better, banks or credit unions?
by Stacie L 6 years ago
Hate your bank? Saturday is 'Bank Transfer Day'Big banks may have scrapped plans to charge fees for debit card use, but many customers are still angry and taking their money elsewhere.By MSN Money partner on Fri, Nov 4, 2011 1:42 PM MarketWatch on MSN MoneyIf you've been thinking about firing...
by chan0512 5 years ago
What do you prefer to use Credit Union or Bank?I have done some research and it seems CU has less fees. What do you think?
by Gary Anderson 9 years ago
The consumer is the catalyst of our economy. The consumer is tapped out by bad loans, too much credit, by a greedy banking system that wanted profits before responsibility. Option arm loans, credit card loans, and other debt will put a dangerous strain upon the economy through 2011 at least. Even...
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I noted on the news last night that congress is trying to control bank interest rate hikes, and other predatory practices, at the same time that banks are countering such moves as quickly as they can with sudden new hidden an announced fees. So the madness continues. I've been trying to refi my...
by Dean Walsh 4 years ago
Since we hubbers are making our money here digitally, it would be great if Hubpages could send us payments from the ad program in digital currency using Bitcoin, or even better Ripple.Either of these would have lower transaction costs for Hubpages compared to paypal (Ripple is cheapest, at around...
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