Economy

'Bank Transfer Day' garners attention

Bank Transfer Day, a social media-driven exhortation to leave big banks and join credit unions, is scheduled for Saturday and is gaining national attention.

Created by an art gallery owner in California, the movement has recruited nearly 75,000 people who have RSVP'd to the group's event on Facebook.

Charlotte Metro Federal Credit Union has been Tweeting in support of the movement, and credit unions around the country have reported a rise in interest related to it.

The movement was created to oppose what it deems unethical practices by big banks and to support local institutions. It picked the Nov. 5 date to coincide with Guy Fawkes Day, the notorious failed bombing of the British House of Lords in 1605. Bank Transfer Day's organizer says it wants to put a new meaning to the date.

Read the complete story at charlotteobserver.com

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