Move your Money!

by: Mae Singerman

Mon Feb 01, 2010 at 12:13:47 PM EST


There’s this new website which is encouraging people to move their money out of large banks and into community banks or credit unions. I heard about it on NPR this weekend and decided that I’m going to do it. Yes, my giant bank is convinent, but it's also evil. A smaller one that is close to my job would be convenient too and I already go to whatever random ATM I see anyway, incurring fees. I don’t really do too much else at the bank. And sorry to be crude, but F banks being “too big to fail.” If they’re too big to fail, they’re too big to manage.

Here’s what Move Your Money’s saying: “Community banks are typically more conservative about how they manage their money, they’re more closely connected to the people and businesses that live near them, and they’re more inclined to make loans they know will get paid back. In other words, they have the values that more people would want banks to have.”

On their website they have way to search the closest community, which oddly named my closet bank as Woori Bank, a bank headquartered in Korea. Eh...that makes no sense, but I guess I’ll figure it out.  
Mae Singerman :: Move your Money!
Tags: , , , , (All Tags)
Print Friendly View Send As Email
Move your Money! | 2 comments
There is a problem with the bank finder (0.00 / 0)

No credit unions come up on its list. The first bank it suggests to me is the same as to you: Woori. It's not even near me. I have a better suggestion.

 I've moved my money to my local community development credit union the Lower East Side People's Federal Credit Union. Our credit union supports non-profit affordable housing developers, local business people. It helps lower income New Yorkers do their taxes for free and it helps get eligible people food stamps. Find them here: https://lespeoples.org/

  


so i checked out the closest banks. (0.00 / 0)

yeah, all of the closest "local" banks named  on the list are actually korean banks. and they weren't very close. its hard, too because they close at 4pm on week days.

i know the lower east side credit union, but i don't live anywhere near there or work near there, which makes it a pain to even deposit a check and im sure they close early on weekdays too. am i spoiled brat? my money remains unmoved at that evil bank i mentioned in the post, if it's even there. they're probably just giving it to their executives for bonuse. :(

 

 

 

 


Move your Money! | 2 comments
Search




Advanced Search
Menu

Make a New Account

Username:

Password:



Forget your username or password?
RSS Feed Links
Subscribe to JSpot in a feed reader!


Subscribe to JSPOT by Email!
The views presented on jspot.org are solely those of their authors and do not necessarily represent the views of Jewish Funds for Justice. Jewish Funds for Justice and jspot.org do not support or oppose candidates or political parties.
© 2008 Jewish Funds For Justice. All rights reserved.

Site Design: Articulated Man
Powered by: SoapBlox