Bank Transfer Day

Read This Before Joining A Credit Union

The Huffington Post | Khadeeja Safdar | Posted 05.10.2012

Credit unions have seen a rise in membership as big banks have come under scrutiny for their never-ending profit-making measures. While the Occupy...

Zach Carter

'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions

HuffingtonPost.com | Zach Carter | Posted 03.22.2012

WASHINGTON -- In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in...

Giving Up Your Bank for Lent

Michael Winship | Posted 05.15.2012

Michael Winship

On Ash Wednesday, churches in San Francisco announced they were removing $10 million from Wells Fargo and called on the bank "to put an immediate freeze on its foreclosures and repent for their misconduct." The effort is part of several national campaigns to get consumers and community groups to remove their money from the big banks and transfer accounts to credit unions and smaller financial institutions. We're told that the banks, desperate when thrown a lifeline by taxpayers in 2008, are now stronger and better able to weather a crisis than they were. And yet, they continue to scream in protest and lobby on Capitol Hill against the ignominy of reform. Simple greed -- hey banks, how about giving that up for Lent?

Digging Below the Surface of Membership Growth at Credit Unions

Bill Cheney | Posted 05.14.2012

Bill Cheney

More than 1.3 million people joined credit unions in 2011. The gain is strong evidence that consumers are fed up with high bank fees and are leaving in large numbers for credit unions. But when you dig a bit deeper into the numbers, the results are even more significant.

Churches To Big Banks: We're Mad As Hell

The Huffington Post | Jillian Berman | Posted 03.12.2012

For lent this year, some will inevitably give up the usual guilty pleasures like chocolate or meat. More than a few churches are taking a decidedly di...

Big Banks Fee-Grab, While This Other Business Booms

The Huffington Post | Catherine New | Posted 03.02.2012

Credit unions are booming as big banks take increasingly desperate measures to make money off of consumers. Membership in credit unions more than ...

Want To Ditch Your Bank? You're Far From Alone

Reuters | Posted 04.28.2012

Feb 27 (Reuters) - Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the...

Catherine New

Citibank Gets The Message: 'Start Serving Clients'

HuffingtonPost.com | Catherine New | Posted 01.27.2012

Big banks are realizing they may actually have to pay attention to customers to keep them. An unprecedented number of people dumped billion-dollar ...

Let's Move it All!: Why Universities and Other Institutions Should Participate in Bank Transfer Movement

Caitlin Dally | Posted 02.11.2012

Caitlin Dally

My university and many other Jesuit institutions uphold a great standard in their commitment to fighting for social justice. Is investing in corporate banks, which foreclose on families who they purposefully target with sub-prime mortgage loans, socially just?

Catherine New

Balance Transfer Day Is Not What It Seems

HuffingtonPost.com | Catherine New | Posted 12.07.2011

Balance Transfer Day is not what it seems. The seemingly grassroots movement, which piggybacked on the success of November's Bank Transfer Day, is ope...

Catherine New

Balance Transfer Day Could Be Boon For Banks, Bust For Customers

HuffingtonPost.com | Catherine New | Posted 12.01.2011

In an attempt to ride the recent wave of antibank sentiment fomented by November's Bank Transfer Day, a 35-year-old freelancer from Brooklyn, New York...

Big Banks Slated To Lose Billions In Customer Cash Over Next Year: Report

Posted 11.21.2011

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

A Massive Positive Impact Potential: 5 Reasons Colleges and Universities Should Move Their Money

Zoe Mendelson | Posted 01.18.2012

Zoe Mendelson

By keeping their massive endowments in big banks, colleges inherently support the behaviors of those banks and everything those banks invest in. And those things happen to constitute the seeds sowed from which we now reap this crisis.

The 99-99-99 Plan

Carolyn Kay | Posted 01.15.2012

Carolyn Kay

Neighborhood credit unions could become an alternative to big banks for Chicago residents, if Second Ward Alderman Bob Fioretti is successful in passing an ordinance he introduced yesterday.

Balance Transfer Day -- A New Bank Protest Set for December 11

Attiyya Anthony | Posted 01.15.2012

Attiyya Anthony

In addition to high interest rates, protesters are reforming against misleading introductory offers.

Bank Transfer: Successful

Mark Engler | Posted 01.11.2012

Mark Engler

All in all, Bank Transfer Day was a pretty powerful expression of collective disgust by Americans fed up with the goliath banks. Right? Well, not everyone agrees.

Tens Of Thousands Joined Credit Unions On Bank Transfer Day

The Huffington Post | Jillian Berman | Posted 01.09.2012

Tens of thousands of Americans joined credit unions on Saturday, as the Bank Transfer Day movement encouraged consumers to move their money out of big...

Transferring Power: Or, Why I Pulled My Head Out of the Sand and Switched to a Credit Union

Melissa Arjona | Posted 01.08.2012

Melissa Arjona

Switching to a credit union is one of the easiest and most sustainable forms of protest, and one of the most effective ways to shift the (im)balance of power.

Commercial Disobedience

Mark Cassello | Posted 01.08.2012

Mark Cassello

Decades of thoughtless purchasing decisions have engorged powerful, exploitive, and reckless corporations. In turn, these corporations have gained undue influence over the American political process.

Artist Brings Virtual Currency to Occupy Wall Street

Amelia Marzec | Posted 01.07.2012

Amelia Marzec

Meet Fran Ilich, a media artist and activist who started his own investment bank six years ago with nothing more than server space.

Why the Big Banks Won't Change (Until We Change Them)

Hoyt Hilsman | Posted 01.07.2012

Hoyt Hilsman

Force the banks to go back to traditional banking. If that means turning them into non-profits, so be it. But there is no way to justify allowing them to continue to bilk average American customers, not to mention risking driving the global economy off the cliff again.

Occupy Denver Celebrates Bank Transfer Day (POLL)

Posted 01.07.2012

Occupy Denver staged a peaceful march with more than 1,000 protesters through downtown Denver on Saturday, a marked change from last weekend's violent...

The Procrastinator's Guide to Bank Transfer Day

Deyanira Del Rio | Posted 01.05.2012

Deyanira Del Rio

You want to do it. You've been meaning to do it. Here are 5 reasons to finally ditch your too-big-to-fail bank and move your money to a local credit union.

Jillian Berman

Bank Transfer Day, OWS Share Sentiments But Take Different Approaches

HuffingtonPost.com | Jillian Berman | Posted 01.04.2012

"How do you kill a bank?" mused Christopher Guerra on a blustery morning at Zuccotti Park. "Strip it of its capital. You can't defeat banks head-o...

Janean Chun

Want To Switch Banks? Here's What You Need To Know

HuffingtonPost.com | Janean Chun | Posted 01.04.2012

David Meinert, owner of several Seattle businesses, including 5-Point Cafe, Big Mario's Pizza and Onto Entertainment, recently switched his business a...