Today is “Move your Money” day across the globe! This is an issue directly addressed by Heist in our “solutions” section. Run don’t walk to take your money out of the big banks and put it into credit unions or community banks.
The Federal Credit Union Act was signed by President Franklin Roosevelt in 1934 to create a banking structure that would lend money to communities that really needed it because the big banks would not lend locally as a result of the Depression.
Sound familiar?
As Local First Arizona Founder Kimber Lanning points out in Heist, community banks and credit unions are “an absolutely critical component to any healthy community big or small.” Lanning goes on to say that if lending in your community is not by your community for your community then you are effectively saying “take my deposits and invest them elsewhere. We are not worthy.”
Credit unions are democratic in nature as the Board of Directors is made up of people who live and work in the community. The Board is on equal footing with depositors and is not beholden to stockholders but to members.
Moving your money to a local banking institution will go a long way to thwarting the diabolical financial system that is the target of the Occupy Movement. There are only two kinds of power in America: organized money and organized people. It’s time the people organized their money!
Frances Causey,
Director/Producer, "Heist: Who Stole the American Dream?"
