Thousands of people nationwide pledged to leave their big banks in exchange for credit unions. It was all part of a grass roots movement called "Bank Transfer Day." The movement encouraged people to make the move on Saturday in protest of high fees at banks. "Local credit unions have a proven track record of investing in their local communities by giving loans with low interest rates too small to medium sized businesses. These loans enable businesses to expand their companies and hire additional employees," said Bank Transfer Day organizer Kristen Christian.
Big banks take deposits and invest outside local markets, spreading wealth and influence as the bankers desire to increase profits.
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