Forum Post: Banks Losing To Credit Unions; Imagine if this keeps up for a bit?
Posted 13 years ago on Nov. 4, 2011, 7:40 a.m. EST by Spankysmojo
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It only makes sense that if you take an immediate and deliberate stab at the enemy, you can injure him. Of course it makes further sense that to stab at something soft and vulnerable is to make it bleed. They are reporting the great news everywhere. The credit unions picked up 650,000 new customers that the parasitic banks have lost. Imagine if this keeps up for a bit?
That's a lot!
Great start. Imagine 2 or 3 million in a month. That would send a very clear message.
"The Credit Union National Association, a D.C.-based advocacy group, recently surveyed 5,000 credit unions across the country. The vast majority reported a surge in membership and a surge in deposits. The association estimated that credit unions across the country have picked up at least 650,000 new customers over the past month and collectively added $4.5 billion in savings accounts, whether from new members or from existing members shifting funds. The association also has seen a surge in visitors to its aSmarterChoice.org website, which includes a search engine to help consumers find a credit union they are eligible to join."
Wow! Where did you get the 650k number?
According to the organizer,
"Together we can ensure that these banking institutions will always remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices. • Research your local credit union options • Open an account with the one that best suits your needs • Cancel all automatic withdrawals & deposits • Transfer your funds to the new account • Follow your bank's procedures to close your account before 11/05" http://www.facebook.com/event.php?eid=281139538577206
http://facebook.com/nov.fifth
Here is what I suggest: Do not move all of your funds. To put this big of a strain on the system may be irresponsible. Move some of your money out. Just opening an account will send the signal we need.
To find a Credit Union: http://www.findacreditunion.com/ http://locator.cucentral.com/ http://www.findyourcreditunion.co.uk/
This morning on Time Moneyland.