A new movement is picking up steam, and it isn’t Occupy Wall Street. It was sparked by a woman in Los Angeles who is urging people to close their accounts with big banks, and transfer their savings to not-for profit-credit unions. And she wants everyone to make the move by November 5th - the day she’s calling “Bank Transfer Day”.
I visited a local credit union yesterday. I’m going to visit another one tomorrow. Our plan is to open an account at a credit union, then close out our account at Wachovia/Wells Fargo.
I think this is one of the most important things people can do to help the OWS movement. I urge all my friends and followers who currently have accounts with one of the big banks to please take your money out! Put your money in a local credit union, or at least in a local bank.
Hit them where it hurts.