Heard and Overheard August 16, 2010

“What better way to emphasize money’s impact on our community than to donate to a worthwhile organization such as Crosswalk, where a small contribution can make a huge difference in the lives of these teens.”

—Numerica Credit Union’s Jane Ronnfeldt  in a press release announcing the recently launched NumNum website for young adults that features an ongoing video contest, a financial blog, and special events.

“We need to support local farm families by paying them a fair price for the food we acquire through the program, and not just keep asking them to contribute.”

—North Coast Credit Union President & CEO Terry Belcoe to the Bellingham Herald about one of the reasons his credit union supports the Bite of Skagit. The piece explained that North Coast Credit Union will receive this year’s Washington Credit Union Foundation Legacy Award for its efforts.

“I took all my money out of [the former Washington Mutual] but I haven’t been able to get untangled from the other [banks], yet.” 

—Seattle resident and architect Bob Miller to Seattle Times columnist Danny Westneat in a column titled “Getting Even with the Monsters” about his breaking up with banks. Miller recently drafted a series of “op-out” legal notices to his financial institutions that read like a Big-Bank Victim’s Bill of Rights, according to Westneat. The notices specify a number of obligations that banks presume to accept if they don’t opt-out, including actually paying interest on interest bearing accounts, compensating the bank victim at the rate of $60 per hour for time spent on hold, and specifying that the bank’s CEO will be paid at a rate of just 3-times the amount of the bank’s lowest paid employee, among others. Read the full column.

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