Just because some founders of the Occupy Wall Street group have decided to launch a financial coop- erative that is not a credit union, doesn’t mean they are against the idea.
Occupy Wall Street activist sees credit union possibly following successful launch of card-issuing Occupy Money Cooperative.
Organizer says raising capital has been sticking point in creating new credit union.
Occupy Money Cooperative prepaid card will have .99-cent monthly charge and interchange will pay for other costs, organizers say.
PHOENIX — Too many fees, too little trust. That’s how a large segment of consumers see traditional financial institutions, BAI panelist says.
The Financial Stability Oversight Council has started the clock on a six-month process for designating a non-bank as systemically significant.
Opportunity to build enduring relationships by leveraging the mobile channel is within reach. But credit unions must act now, before their members direct their payments elsewhere.