Some Americans are closing bank accounts and will move their money to credit unions in a campaign conducted in Facebook, which has the momentum of the anti-Wall Street, which is a protest of an industry group. Campaign has been carried out for a month that began in Los Angeles with Christian Christian gallery owners and will culminate on Saturday with Bank Transfer Day.Some of the credit unions say they have seen five times the daily business in their new surroundings.
“I was tired of the fee increases, tired of not being Able to access my money when i needed to, tired of my funds being used to fund executive Lavish vacations and the acquisition of failing assets,” Christian said. ”I’ve been shocked at how many people have Stood up alongside me.” The protesters are claiming their victory on Tuesday when Bank of America Corp., which became the second largest bank in the United States scrapped plans for a debit charge of $ 5 for a monthly card. But Christian said it was too little and inhibiting.
Credit unions are not to give advantage to the cooperative. They are more often offer better interest rates and also lower costs.This was disclosed by the National Credit Union Administration as an independent federal agency that regulates the sector.According to NCUA, some 91 million people already have credit unions valued at nearly $ 1 trillion. According to them there are about one million people a year who open accounts with credit unions. Head of the Credit Union National Association, which named Bill Cheney said that the credit union for the past month show a huge demand for new account creation.
On Saturday, a number of credit unions will have an hour for the opening which aims to accommodate the customer. He also added that people do not make changes with ease. ”With social media, Pls people are making the switch They are talking about it,” he said. Claudia Jefferson, a retired army aged 45 who is also a Twitter user plans to close its account at Bank of America before Saturday.