Starting next week, credit unions ought to be ready for a new round of "bank transfer" deposits resulting from the activist movement hitting bank shareholder meetings, the head of a Chicago grassroots coalition said Friday.
"We've always pulled for a long time for credit unions to get a bigger market share and now I think you will see that happen with thousands expected to show up starting first at Wells Fargo and then at Bank of America in Charlotte," said George Goehl, executive director of National People's Action.
The leader of the decades-old Chicago neighborhood activist group was referring to protesters from National People's Action and other Occupy-like organizations, convening first in San Francisco on Tuesday and then later in North Carolina to vent anger as part of a big bank boycott.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
