"Big Banks Start Campaign to Destroy Credit Unions"
Big Banks Start Campaign to Destroy Credit Unionshttp://www.donttaxmycreditunion.org/big-banks-start-campaign-to-destroy-credit-unions/
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The Move Your Money project was born out of the Occupy Wall Street movement, which began in September 2011. The impetus was the announcement by Bank of America that they were going to impose a $5 dollar monthly fee for debit card users. On November 5, 2011, customers were to close their accounts at major banks and open new ones in community banks or in credit unions. Already infuriated by Wall Street’s recklessness leading to the 2008 financial collapse, the idea caught on like wildfire across the nation.
The effort worked, and Bank of America abandoned the debit card fee plan.
For the months leading to November 5, 2011 — and for several months after – millions of customers closed their accounts at the major banks and transferred their deposits to smaller ones and credit unions. Since then, credit union membership has been steadily growing. As of March of this year, credit union membership has increased to more than 95 million members and they hold 6 percent of the financial assets of United States to the tune of $1 trillion dollars.
Now the major banks want to destroy them.
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= new reply since forum marked as read
reading your posts and now look forward to seeing you here. Often, you have written my thoughts.
The "non" part. 
STAY WITH THE CREDIT UNIONS despite being taxed because if its not going to benefit the Too Big To Fail Banks and instead, all of taxed credit union money goes straight to Federal, then so be it. Many of our friends are saying the same thing. We'll never go back to Bank of America, ever.
that a wonderful Boston Market in my neighborhood was closed and turned into a Chase bank. They pop up everywhere, just like McDonalds.
Instead of banks deserting customers with their lousy service and fees, it would be nice to see the reverse - customers leaving banks in droves and turning to credit unions.
If those banksters get their hooks on my credit union it will be freakin' WAR!
because I had done so years ealier.
I'm in a credit union now and I love it.
All one has to do is remember the whole S & L scandal to see where this is going.
As was stated up-thread, if they want our business, they should compete for it by offering more attractive service and products, not try to leverage government to subsidize themselves.
