[PAA-Discuss] ‘Bank Transfer Day’ Causes Credit Union Buzz

[slindahl at rounder-graphics.com]

Hit em where it hurts! If you're still entrusting your $ to Bank of
America, Chase and the other fraudsters, it's time to MOVE YOUR MONEY!


In case you're not aware of the significance of "remember, remember,
the 5th of November" - it's Guy Fawkes' day.

http://www.bonfirenight.net/gunpowder.php 

and on a serious note, if
you've never seen Natalie Portman and Hugo Weaving in V for Vendetta
(2006) - it's simply a must. 
http://www.imdb.com/title/tt0434409/


'BANK TRANSFER DAY' CAUSES CREDIT UNION
BUZZ

http://www.commondreams.org/headline/2011/10/10-9 
 Published on
Monday, October 10, 2011 by Credit Union Times [1]  
by Jim Rubenstein 


Even with most credit unions closed for Columbus Day there was plenty
of online buzz, and uncertainty, about what the credit union industry
role might be on "Bank Transfer Day," the latest event surfacing from
the "Occupy Wall Street" protests. 

   Industry sources, speaking off
the record, suggested any wholesale switch from large banks to CUs on
Nov. 5, the day designated by one Californian and carried atwitter
Monday, could conceivably put net worth ratios out of whack.  

The
balance sheet problem was raised by several industry officials as a
potential hazard as online articles focused on what "Occupy" supporters
are calling now for a specific action to underscore their complaints
against big banks and corporate "greed." 

For the record, Mark Wolff,
CUNA senior vice president-communications, said only that the trade
group welcomes the idea of "a viral 'Bank Transfer Day'" since it shows
"just how angry consumers are becoming with their treatment by big
banks" and will now look at CUs. 

CUNA said its Facebook posts have
already witnessed big jumps in traffic on www.asmarterhoice.org [2].
There also have been big gains on www.findacreditunion.org [3]. 

Many
consumers, said CUNA, are already "discovering" credit unions online and
"many more no doubt will as a result of this Bank Transfer Day
initiative." 

Wire service reports Monday identified the ringleader of
"Bank Transfer Day" as Kristen Christian, a 27-year-old Los Angeles art
gallery owner who said she is not affiliated with the Occupy Wall Street
protest, but that demonstration organizers had reached out to her to
express support. 

Christian reportedly chose Nov. 5 because of its
association with 17th century British folk hero Guy Fawkes, who tried to
blow up the British House of Lords but was captured on that day. 

A 
for the event states that ""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 on or by this
date, we will send a clear message and give the 1% a taste of the fear
that we experience every day when we aren't able to pay for our rent,
food, medication, utilities, student loans, etc." 

The protests began
in New York and have popped up around the country. A few hundred
protesters gathered in Las Vegas, for instance, on Thursday night and
were escorted by police for a march down the Strip. Among the calls for
action on the flyers being distributed was to move banking accounts to
credit unions.  
(c) 2011 Credit Union Times   
  

Links:
------
[1]
http://www.cutimes.com/2011/10/10/bank-transfer-day-causes-cu-buzz
[2]
http://www.asmarterhoice.org/
[3] http://www.findacreditunion.org/
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