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Editorial
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Title: 650,000 Americans Joined Credit Unions Last Month — More Than In All Of 2010 Combined
Source: [None]
URL Source: http://thinkprogress.org/
Published: Nov 3, 2011
Author: TP
Post Date: 2011-11-03 18:23:20 by tom007
Keywords: None
Views: 125
Comments: 2

650,000 Americans Joined Credit Unions Last Month — More Than In All Of 2010 Combined

By Zaid Jilani posted from ThinkProgress Special Topic on Nov 3, 2011 at 4:50 pm

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 move it backed down on this week.

To put that in perspective, there were only 600,000 new members for credit unions in all of 2010. “These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings,” said CUNA President Bill Cheney.

This Saturday, 99 Percenters are calling on Americans to move their money from big banks to credit unions and community banks on what is being called “Bank Transfer Day.” If you want to stand with the 99 Percent and take part in this action, use the Move Your Money project’s community bank and credit union finder tool to find out how. (HT: @blogdiva)

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#1. To: tom007 (#0)

For those looking those looking for a better bank - usaa.com - eheck'em out.

Break the Conventions - Keep the Commandments - G.K.Chesterson

Lod  posted on  2011-11-03   18:44:30 ET  Reply   Trace   Private Reply  


#2. To: Lod (#1)

I saw some list that had USAA as being the most favorable bank by 89%, - or so.

I know its a well run front office.

With MFG's BK yesterday, it shook me a bit.

Don't know what U's exposure is to the euro bond market.

Do you?

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tom007  posted on  2011-11-03   18:53:29 ET  Reply   Trace   Private Reply  


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