Last week saw the culmination and celebratory event for the end of the UN International Year of Cooperatives with the Cooperatives United World Festival and Expo in Manchester, UK. Over 10,000 delegates attended the Festival. This was another inspirational event that brought cooperators together from over 90 countries.
One of the main attractions at the event was the “Cooperative Living” area. The aim of this area was to provide a fun way of introducing the general public, in particular ...
Iowa City, IA (November 1, 2012) – Today, in objections filed with the U.S District Court for the Eastern District of New York, National Cooperative Grocers Association (NCGA), one of 10 named class plaintiffs in long-standing antitrust litigation against Visa, MasterCard and the largest banks, strongly rebuked the proposed interchange settlement and urged Judge John Gleeson to deny its preliminary approval. The 10 named plaintiffs were joined by thousands of U.S. merchants who ...
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The founder of Bank Transfer Day told Co-operative Congress how a tiny Facebook group went on to encourage six million people to move their money to Credit Unions across ...
Two organizations focused on cooperatives are stepping in to enable donations in support of recovery efforts after the devastating effects of Hurricane Sandy: the Cooperative Development Foundation and the National Credit Union Foundation.
Citing the need to help in the recovery of the cooperative community that was in the path of Hurricane Sandy, CDF has announced the launch of the Hurricane Sandy Cooperative Recovery Fund at www.cdf.coop/drf. The fund will direct tax-deductible ...
This morning saw the live broadcast of Bank Transfer Day's Kristen Christian at Co-operatives United.
The session, which told the story of Bank Transfer Day, was part of Co-operative Congress: Growing the Co-operative Economy.
Amid the economic turmoil last year, California’s Kristen Christian became fed up with how the Bank of America was adding fee after fee. She started a Facebook page, attracted a following, and then came up with Bank Transfer Day. She set a deadline of November 5th (to coincide with Guy Fawkes trying to blow up Parliament) and by then 79,000 people liked her page.
As the effort morphed, it gained a clear message: that it was time to transfer your bank account to a credit union. The TV stations, press, and social media picked up on it and the event went viral. Bank Transfer Day was the lead story on almost every TV station in America on November 5.
The Credit Union National Association (CUNA) estimated that 650,000 accounts were moved to credit unions between September 29 and November 2 (a 50 per cent increase in new accounts). Those new accounts shifted $4.5 billion dollars to credit unions across America.
On Bank Transfer Day itself, 40,000 new accounts were opened up in credit unions that brought with them $80 million dollars of deposits. Four New York City credit unions sent staff to Zuccotti Park on November 5 and helped Occupy Wall Street residents shift their accounts to a credit union. New accounts continue to be moved and credit union leadership throughout the country sees this effort as a promising chapter in credit union history.
Interested in Finance and co-operation? Then look no further for the best events on Finance at Co-operatives United.
Co-operators and digital enthusiasts will be asked to put their money where their mouth is in a special event on Tuesday, 30 October in Manchester.
A recent survey conducted by Credit Union Central of Canada revealed that credit unions across Canada have contributed more than $41.4 million to communities in 2011. The money ...
For the tenth consecutive year, The Co-operators has been ranked among the 50 Best Employers in Canada by Aon Hewitt. The study measures employee engagement levels using ...
International Credit Union Day 2012, on 18 October, is truly a time to celebrate – as credit unions (CUs) have increased their annual new-member base at the fastest rate in over ...