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Church to pull 3M out of BofA for local CU


SAN JOSE, Calif. (10/24/11)--A church in California is ending a longer-than 20-year relationship with Bank of America (BofA) and moving its $3 million into a local credit union.

Most Holy Trinity Church and its school in San Jose, Calif., are moving their money to Micro Branch CU to say, "'No more' to Bank of America to use our money in investing in bad loans and not negotiating fairly," said Pastor Eduardo Samaniego (Good Culture Oct. 21).

Samaniego said he is joining with others in solidarity in calling for the California State Attorney General to pursue litigation against BofA, Wells Fargo and other banks "to help struggling homeowners keep their homes."

He hopes other states' attorneys general follow suit, Samaniego added.

To see the announcement by Most Holy Trinity, use the video link.

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