“Move Your Money,” a forum on transferring one’s bank account from a large commercial bank to a nonprofit credit union, will be held on Monday, March18, at the Mapleton Conference Center at 7pm located at Good Counsel, 52 North Broadway in White Plains.
The 2008 economic crisis, precipitated by the risky and predatory lending practices of big banks, required trillions of dollars of taxpayer money to bail out banks that are “too big to fail.” Since then, the major banks have resumed accumulating unprecedented profits and the harmful practices that brought on the crisis in the first place. Increasingly, citizens concerned about their financial security and the economic health of our country have been moving or considering moving their money to smaller, local, nonprofit credit unions, which provide the same services to families and local businesses and invest in the community. The many inquiries about this issue have prompted WESPAC to organize this forum.
The “Move Your Money” forum will hear J.A.Myerson, author of Onward: An Occupier’s Guide to Understanding the Current Crisis, explain the rationale for withdrawing our funds from commercial banks and instead becoming members of nonprofit credit unions. James Nottingham, Vice President for Marketing and Communication for the NEA Federal Credit Union, will explain the practical whys and hows of making the move.
The Mapleton Conference Center is located on the grounds of Good Counsel, 52 North Broadway, White Plains, NY 10603. For further information, call WESPAC at 914-449-6514, or check the website, www.wespac.org.