How to Move Your Money LocalPosted: November 8, 2011
A great how-to article over at Mother Jones is the perfect follow up to my earlier post about why my family banks local.
Read the piece for a helpful FAQ if you’re curious about shifting your funds to a Credit Union or other local banking option.
You won’t be alone. As Josh Harkinson comments:
“Credit unions across the country have added upwards of 650,000 new customers since September 29 (the day Bank of America unveiled its now-defunct $5 monthly fee for debit cards), according to a survey of 5,000 credit unions by the Credit Union National Association. The group also estimates that credit unions have added $4.5 billion in new savings since then, likely from these new members and transfers from other banks.”
Read the full article here.