Money Movement to Support Local Banks
We keep talking about it, writing articles about using CASH instead of CREDIT and it's becoming a movement. Remember “We're mad as hell and we're not going to take it any more?” The more people are aware of how greedy people steal from every person who earns a living, the more we have a chance to fight back and support the people who support us. It's all about aligning ourselves with people and institutions who share our values systems.
Check out the latest movement to take your money OUT of greedy banks and put it INTO local banks and credit unions. Put your MONEY where your value systems are supported - where your money goes to support your home community.
In Sonoma County we have credit unions and banks (see list and links below) who keep their money here - and the web site below was developed to help people find a local bank for their money.
But don't just take their word for it - do a little research of your own to find out how these banks USE your money. “The devil is in the details!”
Here are some SUGGESTIONS from Reader Magi Discoe and SCG Author Alan Joseph:
The Huffington Post had an article yesterday entitled "A New Year's Resolution" ( http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html ) that suggested we, as citizens, take our money out of the giant banks and place our money into community banks. It sounded like a great idea to me, but I am not sure which banks are "community banks" and which are just fronts for the ultra large banks. I think it would be a great service for the Gazette to encourage this theme and list real community banks.
This seems to be an idea gaining momentum and as background I would recommend the latest issue of Mother Jones (February).
As you know - we've run two articles so far on keeping our money at home - it's becoming a movement which I support!!! Thank you! Here’s a more detailed response from Alan Joseph who wrote those two articles on keeping our money in Sonoma County.
Vesta, told me about your interest in local banks. I've been on this path for some time. As Vesta noted, she has published two articles....I wrote them both. The point I made in those two articles was to pay with cash as much as possible.....avoiding the 3% merchant fees and finance charges flying money out of the county....to the sum of millions of dollars every year.
More to your point, I have also made it a personal mission to place my business and personal money in local banks and have some recommendations:
1. Community First Credit Union was started as the Sonoma County Teacher's Credit Union. This is truly a home grown venture with money put right back into our community. www.comfirstcu.org
2. Luther Burbank Savings was founded by the Trioni family....privately held, serving their community instead of their share holders. www.lutherburbanksavings.com
3. Circle Bank is a fairly new venture but noteworthy because it was started and run by women.....www.circlebank.com Their Santa Rosa offices have a childrens' play area and they bake cookies for their waiting room twice a day.....a refreshing approach.
4. Exchange Bank is the oldest local bank in the area. Founded by Frank Doyle, they have a long local history. I know lots of people who swear by them, but I have to say that in the last year or so, they have been in the headlines waaaay too much surrounding real estate loan losses in the Sacramento Valley. I pulled a substantial sum of money out of their bank this last year because of that, but will keep an ear and eye out to see what they do in the future.
I hope this helps with your quest.....and thank you very much for caring. - Alan Joseph
Just one more comment (their's) on two more LOCAL MONEY INSTITUTIONS:
Redwood Credit Union (RCU) is a full-service financial cooperative, assisting local consumers and small business owners with achieving their financial goals and dreams since 1950. As a Member-owned, not-for-profit cooperative, our focus is simply to provide our Members and communities with trusted financial services, friendly personal service and free financial education. www.redwoodcu.org, or call (707) 545-4000.
Summit State Bank - opened its doors in 1984. Headquartered in Santa Rosa, we serve Sonoma County and the greater Bay Area with branches in Santa Rosa, Healdsburg, Rohnert Park and Petaluma. As a community bank, we are committed to giving back to our community. We offer a generous Nonprofit Partnership Program, and support the local organizations and programs that serve Sonoma County.
Here's a BOOK SUGGESTION from our Ask EcoGirl columnist, Patricia Dines:
The book Agenda for a New Economy is amazingly hard-hitting, fact-based, and constructive. The author David Korten has been writing on these issues for decades and brings such a great perspective to this, laying out distinctions and a model that instantly make sense and finally for me give words to what we're trying to say - about what we don't want, what we do, how to frame the difference, and how to create the latter. I don't agree with everything, but he gives the conversation a much-needed shove in the right direction. Something I'm not seeing even in radical books let alone, of course, the mainstream conversation. I had the idea of everyone sending this book to Obama, that's how on-point I feel it is.
David Korten Biography
In addition to an active schedule of writing and speaking on global issues, I serve as president of the People-Centered Development Forum, chair the board of YES! Magazine (yesmagazine.org), serve on the board of the Business Alliance for Local Living Economies. (living economies .org), and co-chair the New Economy Working Group. For more information and periodic updates, visit my website davidkorten.org. You can also follow me on twitter.com/dkorten and facebook.com. The Great Turning has an active facebook.com group.
AND - just in from a Gazette reader:
The Huffington Post had an article yesterday entitled "A New Year's Resolution" ( http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html ) that suggested we, as citizens, take our money out of the giant banks and place our money into community banks. It sounded like a great idea to me, but I am not sure which banks are "community banks" and which are just fronts for the ultra large banks. I think it would be a great service for the Gazette to encourage this theme and list real community banks. This seems to be an idea gaining momentum and as background I would recommend the latest issue of Mother Jones (February). - Magi
AND...You'll also find this other web site interesting with videos on senate hearings about our financial institution crisis