AlterNet writer Stephen Pizzo has a simple question for people still using a big bank. Why? They’re bad for you, bad for the country, and everybody knows it.
- So, you ask, what’s
the alternative? And what will it cost you to switch?
Well, you drive and walk by that solution every day… your local community bank or your local credit union. And it’s not going to “cost” you anything. In fact you’re likely to come out ahead. Not only do small banks provide exactly the same services as the big banks, but they do so at a lower cost, pay higher returns to depositors and — are you sitting down?– they are still making loans to local homebuyers and local small businesses — even as the big guys you just saved claim they just can’t do either right now.
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I switched to my local credit union after watching the Jimmy Stewart “Move Your Money” video. I’m so happy I did! The fees are lower, the service reps are more accessible, and this month I’ll be attending my first member meeting – all account holders are invited!