Some LIers switch to credit unions on 'Bank Transfer Day'

MINEOLA - Organizers of the online movement "Bank Transfer Day" designated Saturday as the day when people should pull their money out of big banks and switch to credit unions, and some Long Islanders have answered the call.

A group of protesters rallied outside a Chase Bank in Mineola today, voicing their frustration with large financial institutions that have been accused of failing to help small businesses after receiving a government bailout.

The "Bank Transfer Day" movement was launched on social media sites like Facebook in response to Bank of America's announcement that it will begin charging a $5 fee for debit card transactions.

"Big banks for far too long have mismanaged funds and utilized unethical business practices," says organizer Kristen Christian. "So it's time that we vote with our dollar and help restore our local communities."

Bank of America has since shelved the fee plan in response to public outage.

advertisement | advertise on News 12

Top 5 Must See

The vigil for Banegas took place at the 1 Vigil held for victim in Central Islip Park killing
Police say two men were killed Saturday in 2 Police: 2 killed in West Babylon crash
Police say a motorcyclist was killed in a 3 Manorville man killed in motorcycle crash
State police say a man allegedly exposed himself 4 Man exposes himself to 3 women running near Bethpage State Parkway
Nassau County police say an elderly woman was 5 Elderly woman killed in head-on collision

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE