[GPSCC-chat] YOUR EXPERIENCE with Credit Unions? --> for anti-bank brochure; text: Tu, Nov. 30; fold @ pot luck, Th., Dec. 2
spencerg
spencer.graves at prodsyse.com
Fri Nov 26 17:48:20 PST 2010
Hello: Below (and attached) please find a partial draft of a tri-fold
with a tentative title of 'Just Say "No!" to Abusive Banks'. This
currently occupies just over one side of a single 8.5 x 11 inch page.
This means we can increase the volume by between 50 and 70 percent. We
should all contact information for us, including a Green Party logo, I
think, plus preferable more information on each of the 8 alternatives.
I think I want to delete at least one, because their web site advertised
90 days without payments on a new loan -- as if consumers don't pay
extra for that. This should probably mention the Dec. 7 Worldwide bank
protest day; it currently doesn't.
Comments?
Best Wishes,
Spencer
p.s. I need all comments by, e.g., next Tuesday. If we can't reach a
consensus by then, we likely won't be able to do anything before the
Dec. 7 worldwide bank protest day.
##################################
Did senior banking executives earned their multimillion dollar bonuses
this year?
If you think so, we'd like to see your evidence.
Unhappy with your bank? What about a credit union? Many have the same
insurance and comparable ATM services as major banks, are member owned
and invest locally, not trying to make the rich richer at the expense of
the poor and middle class.
If you are looking for a loan, especially a new mortgage, shop around.
Do NOT let a mortgage broker to do that for you, as you will
(eventually) pay the broker's fee.
The financial industry in the US (banks, securities, insurance) "earned"
34% of total US domestic corporate profits over the past decade, up from
16% for 1934-1999 (see below).
For the free market to work properly, consumers must have reasonable
access to quality information about available alternatives. Some of the
increase in profits in the financial sector come because consumers have
no effective means of protecting their interests in this sector.
Consequently, instead of innovating to provide better service to
consumers, banks have innovated to maximize their profits at the expense
of consumers, including colluding in setting credit card rates to harm
consumers.1 This should be an antitrust violation, but most politicians
are elected with massive contributions from big business, especially the
major banks, and the commercial media would lose advertising revenue and
therefore profitability if they exposed it.2
Process for changing a bank
1. Select an alternative (see below).
2. Open a new account. Ask for forms to facilitate the transfer.
3. Get checks, credit, debit, ATM cards for the new account.
4. Change direct deposits to go to the new account.
5. Submit a "Close and Transfer Letter" to close your old account and
transfer remaining funds to the new account.
Credit Unions in San Jose
San Jose Credit Union (www.sjcu.org)
Valley Credit Union (www.valleycu.org)
Star One Credit Union (www.starone.org)
Santa Clara County Federal Credit Union (www.sccfcu.org)
Meriwest Credit Union (www.meriwest.com)
Alliance Federal Credit Union (www.alliancecreditunion.org)
Technology Credit Union (www.techcu.com)
Commonwealth Central Credit Union (www.wealthcu.org)
Finance as a Percent of US Domestic Corporate Profit 3
###############################
Hello:
I'm drafting a tri-fold brochure to distributed around the Dec. 7
international bank rebellion day, and I could use help. A quick
response would be appreciated so we can complete the text by next
Tuesday, Nov. 30.
1. Where should people go to if they want to leave an abusive
bank like Wells Fargo?
2. For people who want to change, what is a sensible process for
selecting an alternative and then moving?
3. Where do you bank, i.e., have a checking account, etc., and
what do you think about that organization? My wife and I have banked
with Wells Fargo for almost 30 years. We decided almost a year ago we
wanted to leave but haven't because we do not yet have an acceptable
answer to questions 1 and 2 above. So far, I've tentatively decided to
limit consideration to 10 credit unions with operations in and near San
Jose. I'm focusing on credit unions, as they reportedly are
cooperatives, officially owned by their members, presumably invest the
money locally and do not engage in the kinds of speculative practiced
that have manufactured the current "Great Recession", now now
threatening the economic stability of Ireland and possibly, Portugal,
Spain, Italy, and perhaps the entire Euro zone. However, I don't know
how true any of this is.
*** There are 8 credit unions in or near San Jose listed with
"http://local.yahoo.com/CA/San+Jose/Legal+Financial+Services/Credit+Unions";
listed below. Some of these have customer reviews. However, there
are so few reviews that I hesitate to give them too much weight.
San Jose Credit Union (www.sjcu.org)
Valley Credit Union (www.valleycu.org)
Star One Credit Union (www.starone.org)
Santa Clara County Federal Credit Union (www.sccfcu.org)
Meriwest Credit Union (www.meriwest.com)
Alliance Federal Credit Union (www.alliancecreditunion.org)
Technology Credit Union (www.techcu.com)
Commonwealth Central Credit Union (www.wealthcu.org)
Thanks. More soon.
Spencer
###############################
subj: Re: [GPSCC-chat] Holiday Pot Luck -- we need to announce to San
Mateo!
On 11/26/2010 2:51 PM, jamboi wrote:
> Yes, and as a matter of fact, we talked to a San Mateo Green at Junior
> States who hadn't heard of the event yet, so we need to post the info and
> get it out to San Mateo and everyone else.
>
> Green is Connection!
>
> Drew
>
>> What time is the pot luck, Thursday, Dec. 2? I've only seen a date and
>> "Fred's Clubhouse", but not a street address, etc.
>>
>>
>> Spencer
>>
>>
>> On 11/26/2010 7:00 AM, Caroline Yacoub wrote:
>>> Sounds good to me. If we could get them printed by Thursday, we could
>>> maybe
>>> spend some time at the potluck at Fred's folding them, and people who
>>> wanted to
>>> stand outside banks and pass them out could get some.
>>> Caroline
>>>
>>>
>>>
>>>
>>> ________________________________
>>> From: spencerg<spencer.graves at prodsyse.com>
>>> To: Jim Doyle<j.m.doyle at sbcglobal.net>
>>> Cc: sosfbay discussion group<sosfbay-discuss at cagreens.org>; Betsy
>>> Wolf-Graves
>>> <betsy237 at prodsyse.com>
>>> Sent: Thu, November 25, 2010 8:43:36 AM
>>> Subject: Re: [GPSCC-chat] suggestions
>>>
>>> Happy Thanksgiving (Día de Acción de Gracias, in Spanish)
>>>
>>>
>>> What do you think about a tri-fold using the "No on 14" template,
>>> something like
>>> the following:
>>>
>>>
>>> *** NOTE: If we are going to have an impact by Dec. 7, we need to move
>>> very
>>> fast with this.
>>>
>>>
>>> HEADLINE: Dec. 7: International "Move Your Bank" Day(1)
>>>
>>> (1) -> footnote referencing something discussing bank protests in
>>> Europe and
>>> elsewhere planned for Dec. 7.
>>>
>>>
>>> INTRODUCTORY NARRATIVE: If you don't like your money being used to
>>> destabilize
>>> the international economy to make the rich richer and the rest of us
>>> poorer,
>>> consider moving your money to purely local credit unions, savings and
>>> loans or
>>> banks.
>>>
>>>
>>> *** Then follow this with a table of local institutions, names,
>>> addresses, web
>>> sites, phone numbers AND some symbols that summarize their investment
>>> policies
>>> and some assurance that they have NOT been involved in "liar's loans"
>>> and
>>> similar abusive practices.
>>>
>>>
>>> *** OR refer people to a web site that contains such a list.
>>>
>>>
>>> *** NEEDED: I need help compiling this list and checking to make sure
>>> that the
>>> financial institutions listed are actually clean, i.e., have NOT been
>>> involved
>>> in the most egregious, abusive practices.
>>>
>>>
>>> ADDITIONAL CONTENT: Then we could say something about the repeal of
>>> Glass-Stiegel and the Republican promise to make further gifts at
>>> taxpayer
>>> expense to the financial industry. This should include, I think, the
>>> plot I
>>> previously distributed showing the profits in the financial sector as a
>>> percent
>>> of total US domestic corporate profits jumping from 15 percent
>>> historically to
>>> between 30 and 40 percent over the past decade since the repeal of
>>> Glass-Stiegel. We should include, I think, a reference to bais in the
>>> media,
>>> e.g., stating that the popular perception of a liberal bias to the media
>>> is
>>> equivalent to saying that the media routinely bites the hand that feeds
>>> them.
>>> Then note that commercial media is a business and lose money when
>>> advertisers
>>> decrease their advertising. The only way the media can survive doing
>>> that is by
>>> getting a substantially larger audience, which rarely happens when the
>>> public
>>> believes the media have a liberal bias. Then briefly describe the
>>> Herman and
>>> Chomsky worth and unworthy subjects model and reference Wikipedia
>>> articles on
>>> media bias.
>>>
>>>
>>> Comments?
>>> Best Wishes,
>>> Spencer
>>>
>>>
>>> #######################################
>>>
>>> On 11/24/2010 8:38 PM, Jim Doyle wrote:
>>>> Spencer named the topic - abusive banks.
>>>> Caroline named the places: outside of banks.
>>>> And abusive banks triggered "state bank" in my mind.
>>>>
>>>> I have not received a response from the high school senior
>>>> from presentation high school as yet. Her last email - on Monday -
>>>> was she would talk it over with her friends.
>>>>
>>>> And Andrea has reported that "the printer" is working - the one
>>>> that was given to us and is now in her garage.
>>>>
>>>> Are there any other ideas we could use in the future?
>>>>
>>>> Jim Doyle
>>>>
>>>>
>>>> _______________________________________________
>>>> sosfbay-discuss mailing list
>>>> sosfbay-discuss at cagreens.org
>>>> http://lists.cagreens.org/cgi-bin/mailman/listinfo/sosfbay-discuss
>>>>
--
Spencer Graves, PE, PhD
President and Chief Operating Officer
Structure Inspection and Monitoring, Inc.
751 Emerson Ct.
San José, CA 95126
ph: 408-655-4567
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