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Why credit unions make sense now more than ever
Market Watch ^
| 10-6-08
| Jennifer Openshaw
Posted on 10/06/2008 5:37:27 PM PDT by RKBA Democrat
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Good article on why credit unions make sense. Oh, and for you business owners, some of the larger credit unions offer business banking for members.
To: RKBA Democrat
I went to Credit Union in 2005 and wouldn’t switch.
2
posted on
10/06/2008 5:40:27 PM PDT
by
curling
To: RKBA Democrat
USAA is looking more attractive than ever. (Technically, its a thrift, not a credit union, but they’re very similar.)
3
posted on
10/06/2008 5:45:50 PM PDT
by
jude24
To: curling
“I went to Credit Union in 2005 and wouldnt switch.”
Had a run in with Wachovia in the early 90’s and haven’t had an account with a bank since.
4
posted on
10/06/2008 5:46:50 PM PDT
by
RKBA Democrat
(Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
To: curling
Me too. I opened a Navy Federal account over 20 years ago. I’ve never even thought about opening a bank account.
5
posted on
10/06/2008 5:48:12 PM PDT
by
Doohickey
(The more cynical you become, the better off you'll be)
To: jude24
“USAA is looking more attractive than ever.”
They’re tough to join if you aren’t military. Most credit unions are much easier to join.
6
posted on
10/06/2008 5:48:47 PM PDT
by
RKBA Democrat
(Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
To: RKBA Democrat
End of this month I'm pulling some cash out of bank savings and buying CD’s at my CU. We even re mortgaged through them earlier this year at 5.125% 15 Yr.
7
posted on
10/06/2008 5:49:43 PM PDT
by
BallyBill
(Serial Hit-N-Run poster)
To: RKBA Democrat
Been with my credit union for almost 10 years.
8
posted on
10/06/2008 5:49:51 PM PDT
by
cripplecreek
(Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
To: RKBA Democrat
Have been with our credit union for 20+ years, would never, ever go back to a bank.
9
posted on
10/06/2008 5:51:22 PM PDT
by
Gerish
(Feed your faith and your doubts will starve to death.)
To: RKBA Democrat
I’ve been in one since the early 90’s and would never step foot in a bank again.
10
posted on
10/06/2008 5:58:45 PM PDT
by
Red in Blue PA
("I will stand with the Muslims should the political winds shift in an ugly direction" Obama, from Au)
To: RKBA Democrat
Been with a Military Credit Union AND USAA since 1980. Dealt with a bank for a Girl Scout account and HATED it. Glad my daughter grew up....
11
posted on
10/06/2008 6:06:28 PM PDT
by
ODC-GIRL
(Proudly serving our Nation's Homeland Defense)
To: RKBA Democrat
I have been with a local credit union for 15+ years. It caters to college students and small consumers. I use Charles Schwab for IRA’s and other investments, where I don't need access to cash and can wait for the SPIC insurance settlement if something goes really bad.
To: jude24
13
posted on
10/06/2008 6:15:13 PM PDT
by
SaltyJoe
(Pro Life from conception to natural death)
To: SaltyJoe
The bank part of it is FDIC insured, yes? Yes
Investment/Insurance: Not FDIC Insured Not Bank Guaranteed May Lose Value.
I'm not aware of any insurance or other investment that is FDIC insured.
14
posted on
10/06/2008 6:17:35 PM PDT
by
jude24
To: RKBA Democrat
Another nice thing about credit unions...if you find what is called a "shared service center", you can make deposits to and withdrawals from your account at a credit union in another city (subject to policies, of course). Saves the junk fee of using an ATM, which can add up. My CU and its branch officers helped me solve a problem with business deposits (which piled up in held mail while I was traveling). They don't pile up any more, and I can put my money to work quicker. Good job, RKBA!
15
posted on
10/06/2008 6:41:22 PM PDT
by
Yench500
To: RKBA Democrat
I actually belong to two separate credit unions. I would never go back to a bank. My last mortgage was bought by WAMU and because of that, I made sure to get this one with a CU.
16
posted on
10/06/2008 6:44:54 PM PDT
by
conservative cat
("In politics if you want anything said, ask a man. If you want anything done, ask a woman. " -MT)
To: Doohickey
I opened a Navy Federal account at Subic Bay on my first deployment in 1985, back when if you were on the West Coast the only way you could open an account was when you were overseas. All the old salts had NFCU accounts and highly recommended it.
I keep some money in a local bank checking account for convenience, but the majority of my cash is still at Navy Federal even though the closest branch office is 1500 miles away. I can do everything I need to online.
17
posted on
10/06/2008 6:48:38 PM PDT
by
GATOR NAVY
(guess I'm just a spudboy)
To: RKBA Democrat
This is great news for me!
All my banking is with Golden 1 Credit Union in CA!
18
posted on
10/06/2008 6:52:01 PM PDT
by
Randy Larsen
( BTW, If I offend you! Please let me know, I may want to offend you again!)
To: GATOR NAVY
Husband’s first car was financed through Navy Federal back in ‘73. Still have it open but have used AutoTruck (Ford) since leaving military in ‘79. Have never banked any where else! Daughter likes to use USAA.
19
posted on
10/06/2008 7:01:25 PM PDT
by
KYGrandma
(The sun shines bright on my old Kentucky home)
To: KYGrandma
I have insurance through USAA but don’t use their banking services although they send me lots of solicitations. Navy Fed has been very good to me. I even sponsored my father recently when he was looking to spread his cash around a bit more due to FDIC limits.
20
posted on
10/06/2008 7:15:10 PM PDT
by
GATOR NAVY
(guess I'm just a spudboy)
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