We're an alternative this National Divestment Day

17Oct2014

This weekend, People’s Choice Credit Union expects to grow its 345,000-strong membership with customers who want an alternative to the big banks.

A divestment campaign, culminating in National Divestment Day this Saturday 18 October, has been led by independent environment groups Market Forces and 350.org. The groups have identified institutions which have – and haven’t – directly invested in coal and gas export projects since 2008, and are recommending consumers avoid organisations which fund the fossil fuel industry.

To date, consumers have withdrawn about $200 million worth of deposits from Australia’s Big Four banks – NAB, Commonwealth Bank, Westpac and ANZ – according to Market Forces.

People’s Choice Managing Director, Peter Evers, said the credit union has received a number of new members who have chosen to place their funds with People’s Choice after it was identified publicly as  a financial institution that does not invest in the fossil fuel industry.

“We’ve already received emails and telephone calls from people who have moved their money to us because we don’t invest in the fossil fuel industry and we expect more following the focus on divestment around the country this weekend,” said Mr Evers.

“We are proud to provide Australians with a genuine banking alternative because we’re about helping families get ahead and achieve their goals – not chasing the big corporate profits. It’s just not who we are,” he said.

“If people care where their money goes, come and talk to us and we’ll look after you.”

Consumers can confidently move to People’s Choice because it offers all the products, services and security of a bank.

People can visit marketforces.org.au/banks/compare to see how their bank compares and can become a People’s Choice member today at peopleschoicecu.com.au/switch.

 

Filed under: News

Copyright © 2017 People's Choice Credit Union, a trading name of Australian Central Credit Union Ltd
ABN 11 087 651 125    Australian Financial Services Licence (244310) and Australian Credit Licence (244310)    BSB 805-050