As part of a growing movement to divest funds from corporate banks, Most Holy Trinity Catholic Church in San Jose, CA, is closing its $3 million accounts with Bank of America and moving the money to a community credit union. St. Andrew's Episcopal Church in neighboring Saratoga is ending its 15-year relationship with Wells Fargo and placing $150,000 in savings in a local credit union.Father Jesus Nieto-Ruiz, pastor of St. Anthony Catholic Church in Oakland, California, closed his parish's accounts with Wells Fargo during an action by Oakland Community Organizations. Father Aidan McAleenan, parochial administrator of St. Columba Catholic Church in Oakland, whose parish is moving its checking and savings accounts from Wells Fargo to a local credit union, has asked his 500 parishioners who have accounts with Bank of America and Wells Fargo to move their money and he hopes all 88 parishes in the Oakland Diocese will do the same.
Source: National Catholic Reporter - ncronline.org
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