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Join a credit union: legal "bank robbery"!

Take your money out of the bank, and put it in a credit union, which invests locally, in its own members. Not in rich corporatios. It's a small, but powerful thing to do. It doesn't take anger or marching to do this, but perhaps it is an even more powerful act. The banks HATE credit unions. They tried to close them, but the members fought back legally.
One of the most radical things any activist can do is take their money out of the bank. Deprive the world financial institutions of cash. Join a member owned credit union.

Today, credit unions provide checking accounts, loans, and virtually any service a bank provides. But credit unions are non-profits. Their investors are their members, not wealthy corporations. Their fees are lower. Where a bank might charge $28 for an overdraft, a cu might charge anywhere from $5.00 to $18.00, from my experience with the Resource Conservation Federal Credit Union (very easy to join) and Oregon Telco. Some credit unions have higher interest rates than most banks. They don't need to spend money on huge, deceptive billboards.

Credit union members would never, ever, go back to a bank.

Marian



History of the Credit Union Movement


FROM:  http://www.cuna.org/data/consumer/whatis/history/history.html


The credit union idea is a simple one: People should be able to pool their money and make loans to each other. It's an idea that evolved from cooperative activities in 19th century Europe.

Since that time, the idea's guiding principles have remained the same: (1) Only people who are credit union members should borrow there; (2) loans are made for "prudent and productive" purposes; (3) a person's desire to repay (character) is considered more important than the ability (income) to repay.

Members are, after all, borrowing their own money and that of their friends.

These principles still govern most of the world's credit unions.


As the 20th century began, the credit union idea surfaced in Canada. Canada's successful efforts profoundly influenced two Americans: Pierre Jay, the Massachusetts banking commissioner, and Edward A. Filene, a Boston merchant.
The two men helped organize public hearings on credit union legislation in Massachusetts, leading to passage of the first state credit union act in 1909. Growth was slow, however. Fewer than 10 states passed credit union laws, many unworkable. The Massachusetts Credit Union Association grew slowly.


Waking Up the Nation [link]

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Invest in your community via credit unions 11.May.2002 22:16

mussed coif

Excellent post. You often hear people whining (like me) about how the banks own and control everything; New World Order, Rockefellers and Bilderburgs, blah blah blah, but then you gotta wonder where they stash their funds (I belong to a credit union). Invest your money in your local community by joining a credit union. People who have accounts at Citibank have no right to complain about how messed up things are.

There's no excuse to avoid joining a credit union. There are probably credit unions devoted to left-handed Asian Puerto Ricans in your community if you need one. With the internet anyone can research, become informed & find what they're looking for. Make sure they're insured:  http://www.ncua.gov/ (NCUA is like the FDIC for banks)

This is only a partial list for your state:  http://www.creditunionsonline.com/

Look into it.