Bank transfer day hits SLO County
November 6, 2011
Bank Transfer Day, a movement started by a San Luis Obispo County native, has resulted in 650,000 new members joining credit unions. [KSBY]
Kristen Christian, 27, born and raised in Arroyo Grande, invited her Facebook friends to close their accounts at big banks and move their money to credit unions by Nov. 5.
About a dozen protesters wanting to take power away from the ultra rich and give it back to the people picketed at the Atascadero Citibank on Saturday. They contend that credit unions bring money back to the community, KSBY said.
Rod Brown, CEO of the California Bankers Association, argues that traditional banks invest much more into local communities while paying federal taxes.