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Washington
Move Your Money drumbeat continues
WASHINGTON (1/29/10)—Arianna Huffington, founder of the news website and aggregator of blogs The Huffington Post, appeared on the Larry King Live show late Wednesday and repeated her call to consumers to move their money away from big banks and into smaller institutions, like credit unions. Appearing as part of King’s State of the Union wrap up—just hours after President Obama presented the first such address of his presidency—Huffington brought the conversation around to the topic of banks that have been TARP bailout recipients. “We've been advocating that for a long while, asking people to move (their money from) their banks too big to fail and putting it into community banks and credit unions that have a much better chance of actually lending to small businesses that create jobs,” Huffington said, in part. The Huffington Post launched a "Move Your Money" campaign last December. It urged readers to move their money from the big banks. The site then carried included an article by Credit Union National Association President/CEO Dan Mica and also a link to CUNA's credit union locator at creditunion.coop. The campaign also inspiredthe nost recent YouTube video posted by Credit Union National Association (CUNA) President/CEO Dan Mica to further spread the good word about credit union membership. (News Now1/27) Mica has said of his latest video, "Consumers deserve to know that credit unions are just as important a place for them to turn to for doing their financial business. We hope this YouTube posting will help point the way for them." Use the resource link to view the Mica video.
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