[Occupymendocino] They're trying to kill the credit unions!

[Mark Safron]

Dear OMers,

Bad feelings over the bailouts and extortionary bank fees have driven millions of Americans into the arms of local credit unions. But instead of luring them back with better customer service, Big Banks are using their lobbying might to kill off credit unions, attempting to destroy a crucial tax exemption that credit unions need to survive.

Big Banks sucked up over a trillion dollars in the bailouts, but now they’re claiming that credit unions are a threat to the national deficit. Banks say that credit unions cost the government $1.5 billion in lost tax revenue, but if the banks get their way, it will end up costing us over ten billion dollars each year in higher fees and rates.

Congress gets back from recess this week, and banks are about to kick off a big lobbying push for the fall. The banks are trying to kill consumer-friendly credit unions so that they can raise rates with impunity -- but we aren’t going to let them.

Join me in telling Bank of America and its cronies to stop their cruade against credit unions. http://action.sumofus.org/a/bank-of-america-credit-unions/3/2/?sub=taf


Thanks, Mark 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.mcn.org/pipermail/occupymendocino/attachments/20130916/c4a4abc0/attachment.html 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: open.gif
Type: image/gif
Size: 43 bytes
Desc: not available
Url : http://lists.mcn.org/pipermail/occupymendocino/attachments/20130916/c4a4abc0/attachment.gif