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Get Revenge On the Big Banks!
You can get back at the big banks. How, you might ask? I t is really quite simple. You can pull all your money out of the giants and open new accounts at your local community banks or credit unions. You don’t need to be part of the big bank greed game unless you choose to do so. You do have power. Hit ‘em where it hurts-their bottom line.
What Is a Community Bank?
Community banks are themselves small businesses that understand the needs of small business owners. A community bank uses local deposits to make loans to the neighborhoods where it’s depositors live and work as well as conduct business. Community banks balance the needs of its customers, shareholders and employees. A community bank’s employees are usually quite civic minded being involved in their local community affairs.
A community banks’ board of directors (BOD), is made up of local citizens whose desire is to help the communities in which they live and the banks conduct business. The bank officers are usually accessible on site to meet their customers needs concerning opening accounts and loans. A decision on a loan is made locally. You get a more personal touch at a community bank.
What Is a Credit Union?
A credit union is a cooperative which operates similarly to a bank, but is owned and controlled by the people who use its services. A credit union is either state or federally chartered. Credit unions are often more competitive than banks and savings and loan associations because its nonprofit status makes its operating costs lower. They provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members. The National Credit Union Association or NCUA protects the money you have in a federally insured credit union.
Visit the website: MoveYourMoney.info to gain further knowledge on how you can fight back against the big banks. They have a zip-code input that will tell you exactly where the community banks and credit unions are located in your area. The power of many can make a big difference!
