Bank Transfer Day: NBC Report Focuses on CDCU in New York
A community development credit union already in the media spotlight for having run afoul of Goldman Sachs was also the focus of a NBC story about Bank Transfer Day this past Saturday.
A story about consumers moving their money from large banks to credit unions on the network's evening newscast carried interior shots of the Lower East Side People’s FCU Union in New York as well as a lengthy interview with a new small business member of the credit union who moved her business accounts to the CU from JP Morgan Chase Bank.
The business owner told the reporter that she liked how local the credit union was, pointing out that the staff knew her pet grooming business because they walked by it every day. Her shop is down the street from the credit union.
The 6,000-member, $29 million CDCU drew media attention a few weeks ago after Goldman Sachs withdrew its pledge of $5,000 to support the CU's 25th anniversary celebration after the CU said it planned to recognize some organizers of the Occupy Wall Street protest group which has opened accounts at the credit union.