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.
An Occupy activist effort to start a credit union in San Francisco has stalled while seeking capital, according to an organizer.
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.
Nine-member board for proposed People's Reserve Credit Union said to be nearly in place.
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.
San Francisco organizer said he's heard from counterparts in New York, Rhode Island and Pennsylvania.
Occupy San Francisco said it filed pre-Thanksgiving paperwork with the state to charter a proposed People’s Reserve Credit Union.