Keep the money moving

*GGA and a few other groups occupy event as well as others are reporting  a significant movment of money from the big banks to the local institutions.  

GGA has been working on this campaign for 2 years with steady progress.  The belief is that the Occupy movement has helped create a tipping point.

If you haven't moved your money please do so now, if you have, please help someone else do so now.

The next phase is to educate and encourage municipalities.

Credit union sees spike in interest after beginning of Occupy rally

By Sam Wheeler

Local demonstrations initially inspired by New York's Occupy Wall Street protest may be responsible for creating their own ripples of economic change in the Rogue Valley.

"They definitely have some sort of role in all of this," said Gene Pelham, president of Rogue Federal Credit Union, whose seven operating branches have seen a significant jump in the number of opened personal accounts since the occupy protests spread to Southern Oregon three weeks ago.

"We did actually see a spike "… and it's pretty significant," Pelham said.

Pelham said from Sept. 1 to Oct. 15, the branches combined to open 1,000 new accounts, about 300 more than they would normally open in that period. He said the credit union's Ashland branch opened an "impressive" 34 new accounts in one day, on Oct. 6, the second day of the Occupy Ashland protest.

"They've told me stories that it was crazy in there that day," Pelham said. "They were slammed "… I guess we had lines of people coming from the protest to open new accounts."

Pelham said any individual branch typically opens about two or three new accounts a day. The Oct. 6 spike was the highest at any RFCU branch for that period, but the number of accounts being opened has remained unusually high since the beginning of October, Pelham said.

"We're excited that new customers are getting a chance to experience the services that Rogue Federal Credit Union has to offer," he said.

Source: Mail Tribune go to story

*GGA - Good Grief America is a non-profit organization. We receive no outside funding. If you find our services valuable please donate on our online community website at: www.goodgriefamerica.org and call us with any skills and expertise that you can assist with. 541-690-8334

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