Although derided for a lack of a clear message, the genesis of the Occupy movement that began in NYC and has spread worldwide over the past six weeks has been anger at Wall Street and the U.S. financial system, and that includes the big banks such as such as BofA, Wells Fargo, J.P. Morgan and others.
One of the most specific goals of the movement in the past few weeks has been the campaign for people to move their money out of their commercial banks accounts, and put in them into credit unions.
An estimated 650,000 consumers have closed their bank accounts and opted for credit union membership over the past four weeks, according to Credit Union Journal, bringing the approach to Saturday’s Bank Transfer Day to a crescendo. Much of that came after BofA and the other banks announced a $5 monthly fee for using your debit card (since rescinded).
GTE Credit Union, for example, say their growth is up 35 percent for the month of October.
The leadup is to this Saturday's Bank Transfer Day, highlighted by its own Facebook page, which has this message:
