Local newspapers around the country have been taking notice. See what they’re saying:
Adam Van Brimmer at the Savannah Morning News:
- Community banks may be fighting for survival on multiple fronts, but a citizens’ militia is mustering.
A grassroots campaign known as “Move Your Money” began last month. The Web-based effort encourages megabank customers to switch their deposit account business to local community banks or credit unions.
Marcus Rauhut at the Chambersburg Public Opinion:
- Patriot Federal Credit Union in Chambersburg, however, has seen customers move their accounts from larger institutions, a trend that Chief Operations Officer Michael Silvers said is the result of customers looking for a sense of security in troubling times.
“Our membership in the Cumberland Valley alone has grown by over 700 members,” Silvers said. “We increased over $23 million in new deposits. We believe this increase is due to members wanting to know that their money is safe and local.
Subscribe to our RSS feed
I have always believed in banking in you own community; if you are from a small town or from a community in a larger city. Bank where someone knows your face and manybe even your name. You drink at the local pub, shop at the corner gracery, and bank in your own community where you are known.