The Occupy protest movement may be under pressure from police on its encampments, but a Occupy group in San Francisco insisted it is serious about starting its own credit union to serve the underbanked.
Jeff Russell may have started working with credit unions as a college freshman simply because the position at The Members Group paid better than food service, but the president/CEO of TMG Financial Services has since become credit unions' biggest advocate.
What do we do now that Bank Transfer Day has come and gone? How do we show what makes credit unions relevant to consumers today? Industry folks can clearly define the difference between a bank and a credit union. But if you ask the average consumer, what might their response...
Tina Mooney, CEO/manager at RAH Federal Credit Union, did not hold back on her long list of criticisms of the Occupy movement.
First it was Seattle and now Portland considering the idea of moving funds from banks to CUs.
As several more mayors moved to shut down Occupy encampments, demonstrators continue to be steadfast in promoting credit unions as the only alternative to banks.
Although it usually isn’t open on Saturdays, Northwest Resource Federal Credit Union stayed busy on Bank Transfer Day as it welcomed many with the Occupy Portland movement.
As mayors in at least two cities shut down areas that were being used to protest, Occupy organizers have said the moves will not deter their efforts.