“American consumers deserve and demand regulators be appointed who understand the cooperative principles. I pray President Obama considers the positive impact an experienced regulator can have on both our economy and country.”
Washington, DC (PRWEB) February 28, 2013
Credit union advocate and Bank Transfer Day Founder, Kristen Christian, has announced her support of the White House petition to encourage President Obama to reform the NCUA board nomination process.
Bank Transfer Day, a pro-credit union movement, was founded on November 5, 2011. Christian and movement supporters urged consumers to move their financial relationships from big banks to local credit unions via social media. According to the Credit Union National Association (CUNA) the movement initially brought more than 200,000 new credit union members in October of 2011. Through continued momentum, and Christian’s support of the industry, more than 2.1 million consumers choose to join a credit union in 2012.
Christian continues to forge new inroads in the advocacy community for consumers and credit unions. An initiative she supports, Coops For Change, was launched on February 24, 2012 by a concerned group of credit union leaders. A petition filed with the White House respectfully requests that President Obama nominate NCUA board members who understand the cooperative business models that drive credit unions. Cooperatives fill an important role in the financial services industry, supporting more than 95 million Americans.
“American consumers deserve and demand regulators be appointed who understand the cooperative principles,” Christian said, “I pray President Obama considers the positive impact an experienced regulator can have on both our economy and country.”
The petition required 100,000 signatures within 30 days of launching to be reviewed by the Obama Administration. For more information on this cooperative movement please visit http://www.coops4change.org.