Move Your Money Video
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By: Terry Garrett
Jan. 6, 2010
People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis. GoLocal member banks and credit unions serve Sonoma County communities. This offers a great opportunity for citizens and businesses to switch to one of them and support our local banking institutions, which in turn, supports our local communities.
Here's a short video from the folks at Move Your Money. The filmmaker mashed up the idea with the story told in the classic film It’s A Wonderful Life — a tale about a small banker, played by Jimmy Stewart, who almost gets crushed by a big banker. In the end, though, the community rallies around the small bank and helps save it.
Comments (2)
Made me tear up a little bit . . . I have my money in Redwood Credit Union and Community First Credit Union, and couldn't be happier with the service!
I loved the clip; great message, amusing presentation, what's not to love? So I was going to link it to my site but thought I ought to check out their web page first.
Again, good site, some informative links... but the key function, in the "take action" box is of course "Find a Bank/Credit Union." And the criteria to determine which banks "make the cut?" I guess I assumed that it would be some measure of their independence and their dedication to their community, right? Wrong; it apparently comes down to whether they are a client of the firm "IRA Bank Rating," with subscription prices ranging from $1000 to the recommended $25,000. ...Which explains why my reliable and much loved local credit union does not appear as a suggested destination for Your Money, since I expect they would prefer (and my friends & neighbors on the board would require them) to put that kind of cash back into our community. Its possible that there is some inherently crucial value to their rating tool; I don't claim to be particularly financially savvy and would be more than happy to stand corrected if someone can explain it. Short of that, I have to conclude that while the Move Your Money message is dead-on, the function and really the motive may be questionable. Thanks!
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