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OneCalifornia Bank Founder Kat Taylor on non-profit banking
There’s so much anger over the bank bailout and bonuses that some are calling for people to take their money out of the big banks. But, where would you put it? Well, the Move Your Money campaign suggests smaller, local credit unions and community banks.
One such community bank is in Oakland – it’s called OneCalifornia Bank, and it is essentially a not-for-profit bank. Holly Kernan Spoke with founder Kat Taylor about how her bank works.
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From Steven Short: "Yes I would. In fact I stopped into Sterling Bank yesterday to talk about this. They have over a dozen branches in the Bay Area (most in SF proper). They are community-oriented AND they pay better interest than the major banks. "
FROM Allison Budner "I moved my money last year too! I'm with New Resource Bank in SF. And they know me by name now. What a refreshing feeling--from the anonymity and red tape obstacle course of big banks. I'm happier with how small local banks like New Resource invest their money."
FROM Andrea Gill Olson: "Not only did we move our business to a smaller community orientated bank, but used a shovel to take care of the rest."
Like one of the other responders, I moved my checking to New Resource Bank in San Francisco last year, too. I've had accts that I closed at Citibank and WaMu-cum-Chase.
I finally move my money my friends who work for a new york finance company are always giving me advice and i moved it just before the big bail outs and glad i did.