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If a lot of money gets moved to credit unions then they will no longer be too big to fail. My collective family has moved millions out of banks to credit unions in the past month. It wasn't because of the 99%/OWS movement. It was because the banks started tacking on fees to transactions regardless of balance. The elderly members of the family noticed and wanted to move from the banks (something AARP is now pushing and probably why they went to credit unions). The younger members (who have to take care of business for the parents mostly) moved as well for the convenience of being able to bank where the parents' accounts are.I don't believe my family is all that different from other families. If this is a trend, it would explain the banks sudden move to protect its 1% customers from loss if the trend turns into a tidal wave.
If a lot of money gets moved to credit unions then they will no longer be too big to fail.
My collective family has moved millions out of banks to credit unions in the past month. It wasn't because of the 99%/OWS movement. It was because the banks started tacking on fees to transactions regardless of balance. The elderly members of the family noticed and wanted to move from the banks (something AARP is now pushing and probably why they went to credit unions). The younger members (who have to take care of business for the parents mostly) moved as well for the convenience of being able to bank where the parents' accounts are.
I don't believe my family is all that different from other families. If this is a trend, it would explain the banks sudden move to protect its 1% customers from loss if the trend turns into a tidal wave.
