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More Americans Considering Community Banks
Key Excerpts from Article on Website of NPR News
Posted: February 23rd, 2010
http://www.npr.org/templates/story/story.php?storyId=1229451...
Bailouts and bonuses have many Americans frustrated with big banks. Some consumers think these giant institutions have lost touch with customers and basic good business practices. They're so fed up that they're holding these behemoths accountable by moving their money to community banks. Arianna Huffington of the Huffington Post is spearheading a campaign called Move Your Money, which encourages people to move from the banking giants to smaller community banks. "There's a lot of anger about the way banks have acted," says Huffington. "It's a total lack of empathy and concern." The group's Facebook page has more than 27,000 fans. "I think it's already an enormous success," says Huffington. "The fact that people are considering it; the fact that people are doing it; the fact that people are feeling empowered."
Note: Please consider going local and supporting credit unions and community banks. For information on moving your checking and savings accounts from profit oriented banks to membership run credit unions, click here and here.
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