We did a little 'housecleaning' yesterday, specifically we closed all of our accounts with Bank of America, including checking, savings and credit card (which hadn't been used for a couple of years anyway). When asked why we were taking this action, my reply was that we didn't agree with B of A's 'corporate behavior' and had decided to move most of our banking business to our credit union (which we've been a member since 1980). While the person I was talking to seemed a bit disappointed by my comments, I got the feeling that this was not the first time she had heard this or had people do what we were doing for the reasons given.
Note that we are maintaining a checking and savings account with JP Morgan/Chase (not that their corporate behavior has been any better) since they hold our mortgage (which we've had there for 25 years) and we get a small discount on the interest plus 100% free checking (including free printed checks plus interest on the account) if we make auto-payments from a Chase account. However, once our mortgage is paid-off, we'll probably close those accounts as well, but that's a few years off yet.
Anyway, we had been wanting to do this for some time now, and with the end of the year coming, I figured now was as good as any.
OCU
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