This is from a Green America newsletter. It has great suggestions and advocates two things that are near and dear to my heart: VOTE WITH YOUR DOLLARS and GET INVOLVED IN YOUR COMMUNITY. Read it, enjoy it and take action. I am a long time Wells Fargo fan, they are very community oriented, however, there are some great credit unions (USAA) and green investment companies in the Bay Area (Nelson Capital Management) – check out your options. Do your research! -Jacqueline
Here is the article/newsletter:
Since our e-newsletter last Tuesday, urging Green Americans join our Break Up With Your Mega-Bank campaign, we’ve heard from readers coast to coast who are taking a stand against Wall Street just as bold and powerful as the Occupy protestors.
Brad Nahill posted on our Facebook wall: “I broke up with Key Bank and joined Unitus Community Credit Union thanks to Green America’s encouragement!”
Stefan Hajek posted to our blog: “Fed up with the banking/financial system at large, finally got smart and walked out on my corporate institutional bank today. Goodbye, US Bank, and hello to the neighborhood credit union.”
And Larry Bonner e-mailed our corporate responsibility director:”I broke up with my mega-bank and moved my business banking to a local credit union. It felt so good that I’m planning to move my other accounts very soon. I’m dumping them all and loving it!”
Here are the top 6 ways you can break up with your corporate mega-bank today, and use your money to power the new green economy, instead of the old, corrupt, Wall-Street economy:
1. Open new checking and savings accounts — Close your old mega-bank accounts, and find a new community development bank or credit union that matches your values better. Find your new community bank or credit union (for either your personal or business accounts) on page 20 of the clickable online version of ourCommunity Investing Guide. Find more options via the Community Development Bankers’ Association (www.cdbanks.org) and the Federation of Community Development Credit Unions (www.cdcu.coop). Remember to tell your old bank why you left.
2. Find a greener credit card — Cut up your mega-bank credit cards and mail them back to the bank with a note about why you’re leaving. Find greener credit card options affiliated with community development banks. The Green America credit card helps support our green economy programs. Other greener credit cards supportlocal permaculture projects, protect the bioregion of the Pacific Northwest, or supportcarbon offset programs. (Find a list of greener credit cards in this article from the Green American.)
3. Get your faith community involved — If you have influence over how your faith community or other community group does its banking, you can encourage them to also break up with their mega-bank, and shift their institutional banking to a community development institution. Our allies the Forum for Sustainable and Responsible Investing offer a free downloadable toolkit (scroll down the page to find it).
4. Get your alma mater involved — The Responsible Endowment Coalition’s “Move Your Money” Campaign provides resources and a handbook for shifting your college or university toward community development banking and investing.
5. Find a new financial planner — If you use a financial planner that does not offer socially responsible options, investigate your options from more responsible financial networks like First Affirmative Financial Network or Progressive Asset Management. Or search for a financial planner near you at our GreenPages.org.
6. Invest in responsible mutual funds and loan funds — Find options with a special emphasis on strengthening local communities beginning on page 21 of our clickable online Community Investing Guide, or search for other responsible mutual funds at our GreenPages.org.
Breaking up with your mega-bank sends a message as loud and clear as a bullhorn in the middle of Wall Street itself. You’re shifting power and money away from Wall Street to Main Street — to the green economy.
Tell your break-up story on our blog or Facebook page.
Here’s to breaking up with the mega-banks,
P.S. Your donation today will accelerate our “Break up with Your Mega-Bank Campaign,” getting our practical resources, like the Community Investing Guide into the hands of the millions of people who are waking up, and ready to take action. Help power the shift to the new, green economy!