Posts
Let's hurt the bankers.
Facebook page: www.facebook.com/Nov.Fifth
Find a Credit Union Near You: www.findacreditunion.com
This was a lesion I learned YEARS ago. I have not used an actual bank since 2004. The banks are money hungry assholes. I was denied credit cards, loans, and other means of financial assistance. I was charged outrageous fees and costs of just having an account.
I have encouraged every single friend, family member, or stranger I have ever struck up a conversation with to move to a credit union. Credit unions are owned by the people, ordinary members like you. They are not a hungry, irresponsible corporation looking to make a buck.
Why Credit Unions?
“Banks are community, regional or national for-profit corporations owned by private investors and governed by a paid board of directors chosen by the stockholders. The board of directors is authorized to make major decisions without consulting (and sometimes even notifying) the banking customers. The select group of private owners share any profit. Funds are insured with federal deposit insurance (FDIC).
Credit unions are not-for-profit financial cooperatives owned by their members and governed by a board of directors elected by, and from among, those members. All members (anyone with money in an account) is entitled to vote on major decisions affecting the credit union. Usually there is a common bond among the members, such as belonging to the same organization or living in the same geographical area. Credit unions accept deposits from their members and use them to make short-term loans. Deposits are regarded as purchases of shares, and all earnings of the credit union are paid out as dividends to members. Credit unions with the word "federal" as part of their name are regulated by the National Credit Union Administration (NCUA), a U.S. government agency, and are federally insured by the National Credit Union Share Insurance Fund (NCUSIF). This fund is maintained by premiums paid by federal credit unions. Because credit unions have a historically low failure rate, the NCUSIF, according to a Treasury study, is one of the most secure federal insurance programs in existence today.
Both financial institutions usually offer basic banking services (checking and savings accounts, consumer loans, etc.) with many offering a fuller range of services (online banking, debit cards, credit cards, mortgages, foreign currencies, etc.).
At the end of the day, banking with a truly local bank is better than a corporate-level bank, but credit unions will have more of a positive impact on the consumer & his/her local community.” – From Bank Transfer Day’s Notes http://www.facebook.com/Nov.Fifth
Don’t fall for this.
Don’t stand for this.
Move your funds to a CREDIT UNION before or on NOVEMBER 5, 2011.
WE ARE THE 99%.
LET OUR VOICES BE HEARD.
