Occupy SF Protesters to Open People's Reserve Credit Union - San Francisco News - The Snitch #ows #coop

Occupy SF Protesters to Open People's Reserve Credit Union - San Francisco News - The Snitch:

Occupy SF Protesters to Open People's Reserve Credit Union

By Erin Sherbert Fri., Dec. 2 2011 at 1:10 PM

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Categories: Occupy

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Occupy is doing something besides squatting

​A few weeks ago, we got a real kick out of the fact that Occupy Oakland deposited a $20,000 donation it received into Wells Fargo -- one of the many big banks the movement has been actively protesting since September. Say what you want about Occupy SF camp (it's dirty and filled with homeless people) -- at least protesters there are practicing what they preach.

Members of Occupy SF announced their ambitious plans to turn protesters into bankers by creating the People's Reserve Credit Union. According to Occupy SF's Facebook page:

The goal of this project is to encourage San Francisco residents, businesses, as well as nonprofit and city agencies to keep their money out of the big banks and to redistribute that money locally. Initial services will include micro-loans for the working poor and homeless, and subsidized student loans at low interest rates.

The credit union is being created with the help of San Francisco's Glide Community