Organization says it has raised about $3,500 toward goal of nearly $1 million.
As of the morning of its initial announcement, the group had raised just more than $1,000, according to its website.
Group continues with plans to begin operations with debit cards.
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 movement activists in San Francisco first announced plans for People’s Reserve Credit Union, an in-the-works cooperative designed to serve local communities and take a stand against the city’s for-profit banks, in November 2011. The project is now well under way, with board and advisory committee meetings taking place and...
Raising capital, board and committee activity fuels development of People’s Reserve CU as state regulators give nod.
Group considers taking 'Members for Credit Union Democracy' idea nationwide.
Eight months after Bank Transfer Day, Kristen Christian, its California founder, reiterated her gratitude to both industry leaders as well as frontline staffers for providing her a life-changing appreciation of credit unions, something that she said has made her a better American.