Traction

Dear Tractivists,

Long before the government committed nearly 1 TRILLION dollars to bailing out the financial system — a system that for years advocated for less regulation and less oversight so that it could make more money for shareholders at the expense of consumers — many progressives hoped to revolutionize that predatory system rather than just perpetuate it.

But if not revolution, is remorse too much to ask?  Apparently so. Credit card rates are soaring before new reforms take effect, and many major banks are piling new debit card and overdraft fees on those who can least afford them.

The good news: YOU don’t have to participate in this predatory system!  There is an alternative:as not-for-profit member-owned cooperatives, credit unions focus on what is best for consumers, not investors.  CU’s are another opportunity to live your values.

On Wednesday, you’ll learn the answers to these questions and more:

- What is a credit union, and how is it different from a bank?
- Why are their customers called ‘members’?
- Who can join one?
- Does it really matter where I keep my money and take out loans?

I oversee political affairs for the NC Credit Union League, and I’m excited to answer all of your credit union questions and talk with you about options.  RSVP to money@getTraction.org if you can make it!

See you soon,

Mickey
beekeeper, advocate for the little guy, Tractivist

P.S. Upcoming Traction events…

Mad Money workshops (both with Greg Davis):

-Sept 9: Money Where Your Mouth Is: Green & Socially Responsible Investing
-Sept 16: Planning for the Long Haul: Real Estate and Retirement

And stay tuned for… ReelPolitik: Rethink Afghanistan, ‘how to be a good ally’, and Traction’s Pride festivities.