With the Occupy movement gaining (or losing, depending on what you read) momentum every day, I was reminded why America is still the greatest country in the world by an ad campaign from The Golden 1 Credit Union.
Most Golden 1 branches will be open to serve you on Bank Transfer Day, Saturday, November 5, from 9:00 a.m. to 4:00 p.m.! Unlike many banks, Golden 1 still offers free checkingâ€”and we don’t charge a monthly fee to use your debit card!
Take that, Big Banks! You see, in America, when one door closes, another one opens (three commas? is that right?). Not to mention we are a clever nation and our ability to market with the use of puns is uncanny (RonTopofIt!), but I digress. You have the choice in this country to put your money in a bank, or a credit union, or in your mattress. In this particular case, the big bank window is closing a bit while the small bank window (credit unions) is opening.
CUNA estimated that credit unions added $4.5 billion in new savings accounts and that more than four in every five credit unions experienced growth since September. The association attributed the growth not only to the announcement of the proposed bank fees, but the social media/Occupy Wall Street backed Bank Transfer Day.
Now, the question is whether or not the credit unions will grow so large, because of this increase in business, that they will be forced to start charging fees and the “Hide Your Money in your Mattress!” movement will step up and gain momentum. I don’t know, something like “Stay on top of your finances!” maybe?
Hmm, this could present a problem with my Sleep Number bed.