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Forum Post: Let's Move Some Money! That's the only way they'll listen

Posted 2 years ago on Dec. 14, 2011, 6:14 p.m. EST by thenewgreen (170)
This content is user submitted and not an official statement

I created this last night: http://hubski.com/pub?id=11221

The premise is that we need to completely divest ourselves from the large (too big to fail) banks and put our money in community credit unions. I realize this is nothing new and others have put this forth. I did so in a unique way that I hope catch's hold. Remember, January 3rd!

Also, I give the Occupy movement full use of this video for any reasons they see fit. It's yours for free. Please use it.

http://hubski.com/pub?id=11221

8 Comments

8 Comments


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[-] 2 points by genanmer (822) 2 years ago

I agree, in addition support not-for-profit organizations

[-] 2 points by gnomunny (6587) from St Louis, MO 2 years ago

Nice little clip. I have to reiterate though, to make sure you research and make sure the credit union you're planning on using is locally owned. Many are, in fact, owned by the big boys. Avoid those c.u.'s at all costs.

[-] 1 points by thenewgreen (170) 2 years ago

Good point, the "community owned" part is incredibly important! I wonder if a list of corporately owned credit unions exists? It would be a valuable thing to present, don't you think?

[-] 1 points by gnomunny (6587) from St Louis, MO 2 years ago

Yes it would. I'm not sure if such a list exists or how up-to-date it would be. There are thousands of C.U.'s across the country. It might be relatively easy to do on an individual basis though. You know, pick one you're thinking about using, then maybe some on-line research, maybe get a prospectus or some documentation from the C.U., maybe even talk to someone in person or on the phone. I'm sure this information must be disclosed if you asked for it.

[-] 1 points by thenewgreen (170) 2 years ago

I'm sure it exists. I'd imagine that the community owned CU's belong to an organization of the like. They probably have a list. It would make sense. Here is a list of all the credit unions in the US with links to their websites etc. Hope this helps. I'm definitely in for Jan 3rd!

http://www.thecommunitybanker.com/cu_links/

[-] 1 points by stuartchase (861) 2 years ago

The Revolution has a new theme song!

http://www.youtube.com/watch?v=-L-GOHa5-YQ

http://occupywallst.org/forum/in-the-name-of-allah/

The Revolution starts here!

[-] 1 points by REALamerican (241) 2 years ago

local credit unions are usually pretty awesome. They are localized, usually have safer options for small bankers, and alot of times will have better offers and interest rates. I may not support OWS at all, but i am against anything that become overly centralized- like these huge national banks.