Banking is important to everyone, even if your members don’t think about it every day. It’s a trust-based business; when you trust your money to someone and think about how much that means to you, how much you sacrifice to earn it and how important it is to you, you realize how significant a banker’s (or credit union representative’s) role is.
Free banking in particular is a critical component of financial stability, and Bank of America, one of the largest financial institutions in the country, is now taking away free checking accounts from people who need them the most—Americans with a checking balance of under $1,500. This is just one of the continuous problems exhibited by the nation’s largest banks, not just a concern for our nation’s economy, but for every American who entrusts banks with their hard-earned paychecks.
There is a petition to ask Bank of America to reverse this decision, but credit union leaders and decision-makers can make a positive impact now by joining the “Take Back Banking” campaign.
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