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We know from firsthand experience how grassroots efforts can ultimately move mountains and elect Presidents.  Now, we have an opportunity to take back control of our money and help put an end to the era of "too big to fail" banking.

Check out this website:  

It was started recently by a group of friends gathered around the dinner table, lamenting the condition of the current banking system and speculating how they might help create a saner, more stable financial system.  A financier in the group suggested that they all move their money from Wall Street banks to smaller community banks.

The dinner party also included a filmmaker, who pointed out the parallel between the current banking crisis and the plot of the holiday classic, "It's a Wonderful Life."  In the film, the small community bank stands with its customers against the powerful and greedy banker, Mr. Potter.  In turn, the community helps save their small bank from being taken over.

Watch the four-minute video at  Then, just enter your zipcode and you'll see a list of stable banks in your community.  Credit unions are also an excellent alternative.  I have many friends who swear by them.

Let's stop letting large gluttonous banks gut our accounts and our credit.
It's up to each one of us to do our part, move our money and spread the word.  
They say that money talks--let's show Wall Street that it talks even louder when it walks!

Originally posted to Below the Beltway on Wed Dec 30, 2009 at 02:28 PM PST.

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Comment Preferences

  •  Saw this idea on HuffPo earlier, no? (4+ / 0-)
    Recommended by:
    ZappoDave, marykk, Gemina13, Vayle

    Move Your Money: A New Year's Resolution

    Have most in teacher's credit union already, but one chunk in a big bank.  Thinking about doing just that. Thanks.

    by divineorder on Wed Dec 30, 2009 at 02:43:13 PM PST

  •  We've been (4+ / 0-)
    Recommended by:
    marykk, VA Breeze, Gemina13, Vayle

    in a small local credit union for years now. Had some bad incidents with B of A and then US Bank and just never went back ... and have never had a problem with our credit union in all these years.

  •  My George Bailey experience (9+ / 0-)

    I bought my first house last month and went thru my local community bank. Yesterday, I went to deposit my Christmas money. My loan officer saw me and ask not only how I was doing but how my house was coming along. I love the friendliness of my bank.

  •  Been with one of the largest CUs (4+ / 0-)

    in the country since the mid-80s and will never leave them. My entire family uses them, in fact.

    "Rick Warren is a fucking douchebag and a terrible speaker. Why his career summit didn't end at "Wal-Mart Greeter" I will never understand." --My brother

    by Mber on Wed Dec 30, 2009 at 03:10:52 PM PST

  •  A lot of folks don't know........................ (4+ / 0-)
    Recommended by:
    VA Breeze, luckylizard, TKLTKL94, Vayle

    that restrictions on membership in a lot of individual credit unions have be eased. I am a state government retiree and the credit unions headquartered in the Capital city that I used are still limited to state employees/retirees and their families.

    However, my wife and I relocated to my parents home place after retirement. I found that the credit union my late father used as a GE employee is now open to all residents of all the counties in the metropolotian area. The same is the case for the local railroad employees credit union.

    Opportunities to bank with a local credit union are increasing all the time. Don't assume the ones near you are still restricted.

    The mass of men lead lives of quiet desperation--HDT

    by cazcee on Wed Dec 30, 2009 at 03:20:30 PM PST

  •  A Credit Union is how I've managed my money. (2+ / 0-)
    Recommended by:
    fumie, luckylizard

    I opened my account(s) when I was 15 or 16. I'm 39 now.

    I've never done my main banking with a major bank and while I have held small amounts of credit (via credit card), my balances have always been low and manageable if I needed to maintain a balance.

    Primarily, I try to be a 'deadbeat' with my credit card payments if I can.

    Yes, I said deadbeat.

    Why the Credit Card Industry Uses "Deadbeat?"

    Credit card companies make a large portion of their money from interest and fees paid by cardholders. You only get charged interest when you let your balance revolve - that is, when you carry it from one month to the next getting assessed a finance charge each time. Credit card companies love these cardholders because people who pay interest help increase the credit card companies' profits.

    When you pay your balance in full each month, the credit card company doesn't make any money off you. If it weren't for merchant fees paid by the stores where you use your card, your credit card would be a waste of 16-digits. You're not a profitable cardholder, so, to the credit industry, you are a deadbeat.

    -6.38, -6.21: Lamented and assured to the lights and towns below, Faster than the speed of sound, Faster than we thought we'd go, Beneath the sound of hope...

    by Vayle on Wed Dec 30, 2009 at 03:27:15 PM PST

    •  Deadbeat here, too (2+ / 0-)
      Recommended by:
      Vayle, wolfie1818

      Yup. We try to never run up a balance that can't be paid off by the issued card deadline. I even "borrow" on the cards. I have several cards with different deadlines. The different deadlines and statement closing dates allow me to borrow on the cards and stagger my usage.

      It isn't shameful to vote your own self-interest instead of the interests of multi-national corporations--iceman

      by fumie on Wed Dec 30, 2009 at 04:33:47 PM PST

      [ Parent ]

  •  look at the video link cited above... (0+ / 0-)

    This year, while watching "It's A Wonderful Life", I couldn't help but think it was a cautionary tale for the "thrifty working class", rather than a sentimental Christmas story.  And for the first time, I thought that there could even be an improvement on the Capra tale: Just before George is toasted by his brother Harry, the scene should cut to a close up of Potter's servant, who never says a word throughout the movie, as he telephones the authorities to say, "I'd like to report a theft by my employer..." then cut back to the crowd singing in the Bailey house.  For the first time in all the years that I watched, I felt I wanted revenge against Potter-- Watch the video. Maybe we can exact a little revenge for George & ourselves as well!

  •  Nearly 10 years ago (2+ / 0-)

    my late husband and I walked into our local WAMU, where we had all our accounts (a checking account each, a savings account each, my old IRA, and my CD) and withdrew every cent, closed all of the accounts and let them know why, and went directly to the credit union. I'm still with that credit union.

    WAMU nearly cost us our mortgage and thus our opportunity to buy this house. We did finally get the mortgage, thanks to a broker who worked very hard to make sure of that, and never once regretted closing all our accounts. Now that WAMU branch is Chase, and they keep sending come-ons to open an account. "Just do it and we'll deposit a hundred dollars!" But I don't want to bank with Chase. I have no intention of opening an account there, $100 or not. There are too many strings on it.

    The Chase branch is close by; the credit union is clear across town. It is still worth it to deal with the credit union.

    If I were ever to choose a bank to deal with rather than the credit union, an unlikely scenario, it would be the local bank, Kitsap Bank, not a big bank. I have my choice of big banks and I choose none of them. The credit union is where I bank; I'm satisfied.

    In the state of Washington, many credit unions have the same sort of membership as ours does. Ours is open to anyone who "lives, works, goes to school, or worships" on the Kitsap Peninsula. There are credit unions all over the state with similar membership requirements, and I understand it's not just something that's opened up in Washington, either; credit unions are everywhere. Check out your local credit union. You may be pleasantly surprised.

    Living kidney donor needed; type B, O, or incompatible (with paired donation). Drop me a note (see profile).

    by Kitsap River on Wed Dec 30, 2009 at 06:26:56 PM PST

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