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Featured Article filed under Banking, Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 16, 2014

Understanding the Small Business Credit Crunch

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/understanding-small-business-credit-crunch/

Even as their big competitors are awash in capital, many locally owned businesses are struggling to secure the financing they need to grow. A new ILSR analysis has found that, since 2000, bank lending to large businesses is up 36 percent, while small business loan volume has fallen 14 percent and “micro” business loans — those under $100,000 — have plummeted 33 percent. To shed light on this problem and help inform policy discussions, ILSR has published an overview of the small business lending landscape. Continue reading

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Featured Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Nov 27, 2012

Free Checking is Rare at Big Banks, Common at Small

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/free-checking-rare-big-banks-common-small/

While just 24 percent of big banks offer totally free checking, more than 60 percent of credit unions and small banks do, according to a new report from the U.S. Public Interest Research Group. The report also found that credit unions and small banks have lower fees on average and do a better job of disclosing fees to prospective customers. Continue reading

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Featured Article, ILSR Press Room filed under Banking | Written by admin | No Comments | Updated on Apr 1, 2012

Banking For the Rest of Us

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/banking-for-the-rest-of-us/

In this cover story for Sojourners Magazine, Stacy Mitchell writes that there is remarkably little evidence to support the idea that bigger banks are superior. They have come to dominate, not because they are more efficient or offer better services, but because they have rigged government policy in their own favor. It’s time for a new set of rules—banking policies for the 99 percent. Continue reading

Resource filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Jun 30, 2010

7 Simple Steps to Move Your Checking Account

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/seven-simple-steps-move-your-checking-account/

This guide will walk you through the steps of moving your bank account. You can download this a flyer to distribute in your community. Continue reading

Resource filed under Banking | Written by Stacy Mitchell | 11 Comments | Updated on Jun 30, 2010

Top 5 Reasons to Choose a Community Bank or Credit Union

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/top-5-reasons-choose-community-bank-or-credit-union/

Here are the most compelling reasons to move your money to a locally owned bank or credit union. You can download this as flyer to distribute in your community. Continue reading

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Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Jun 22, 2010

Credit Unions Hang Tough, See Surge in Deposits

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/credit-unions-hang-tough-see-surge-deposits/

In the perilous aftermath of one of the worst financial disasters in U.S. history, one might expect credit unions — which, after all, are mostly tiny by the standards of the banking industry and operated on a cooperative, not-for-profit basis — to be struggling. But data from the last 18 months show that the country’s 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. Continue reading

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Featured Resource filed under Banking | Written by Stacy Mitchell | 2 Comments | Updated on Apr 19, 2010

Tools for Starting a Local Move Your Money Campaign

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/resources-starting-local-banking-campaign-your-community/

Is your community organization or local business alliance thinking about launching a public education campaign to encourage people to move their accounts to locally owned banks and credit unions? We have a range of resources to assist you, including help with definitions and identifying local banks, sample flyers, graphs and background articles, examples of local banking campaign materials from around the country, and more.  Continue reading

Rule filed under Banking, The Public Good | Written by admin | No Comments | Updated on Mar 9, 2008

Credit Unions

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/credit-unions/

Credit unions are not-for-profit, tax-exempt financial institutions that are cooperatively owned by their depositors. The United States is home to 7,600 credit unions, which collectively hold 10 percent of domestic deposits (here’s an industry breakdown) and have more than 90 million members (as of April 2010). Most of these institutions are very small. Fifty percent… Continue reading

Resource filed under Banking | Written by admin | No Comments | Updated on Nov 5, 1999

The New Rules Journal – Fall 1999

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/new-rules-journal-fall-1999/

Feature Stories:
Deep Pockets or Open Hans: Credit Unions Struggle Over Size — Hogging the Market — Got (Local) Milk —  A Case of the Good Stuff Continue reading