Manhattan’s Lower East Side People’s Federal Credit Union is doubling in new accounts, in large part due to the efforts of the Move Your Money campaign, reports the Credit Union Times’ David Morrison:
- The $25 million dollar
Lower East Side People’s Federal Credit Union, headquartered in Manhattan, has doubled the number of new accounts it is opening, partly in response to the Huffington Post’s high profile effort called Move Your Money.
Move Your Money is a movement Post founder Arianna Huffington launched to help Americans move their accounts from the big national banks that were bailed out by the government.
Staff with the community development credit union reported that the numbers of people opening new accounts since the effort got started has jumped as well as the amount of money they are bringing to the credit union.
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Don’t know if the response to the CBS “Sunday Morning” segment overwhelmed your servers, but the site is almost unaccessible and the search function is giving Microsoft ODBC errors. While I’m sure the publicity is good, your inability to capitalize on it is not.
[...] Move Your Money » Blog Archive » Move Your Money's Impact (moveyourmoney.info) – February 22, 2010Manhattan's Lower East Side People's Federal Credit Union is doubling in new accounts, in large part due to the efforts of the Move Your Money campaign, reports the Credit Union Times' David Morrison:… more Move Your Money blog posts … [...]
[...] Lower East Side People’s Federal Credit Union, which had previously gotten a boost due to the Move Your Money campaign, is growing even more. It turned a profit for the first time in the institution’s history [...]