Credit Unions vs. Banks?
- Started
- Last post
- 28 Responses
- moldero0
Next time I'm stateside I'm switching, fuck Citibank
- sea_sea0
been with my credit union for over 10 years now, thanks to my teaching position back in the day. i'm stoked, i got 2 technology loans and got my car financed through them with super low interest. i do most of my banking through their website, fast convenient. the best is the tellerphone system and the customer service beats any other bank, no doubt.
- akrok0
J.P. Morgan Chase's Jamie Dimon made $20.8M in 2010, a hefty 1,541% increase from the dark paydays of 2009.
- Hombre_Lobo0
Co-operative seems the solid choice for uk, but I haven't done much research.
Jsk, thanks for the info.
- dibec0
Been interested in this bank for a while ... http://www.ally.com/
- utopian0
5 Advantages of a Credit Union vs. a Bank
http://www.moneyistheroot.com/20…
- akrok0
https://www.golden1.com (no fees for direct deposit).
- capn_ron0
My CU does not charge me a monthly fee because i do a direct deposit. If i didn't they would charge me something like $3.95/month. but since i do, i get free banking. as for the interface, it isn't the best to pay bills, but once i learned it by using it, it became simple and quick.
- scarabin0
this is helpful. thanks guys.
- JSK0
^ you will get charged monthly service fees for most direct deposits with credit unions.
You would be better off with national banks. But you can research in to finding credit union with larger member base and get free account service.
- ironically, I avoid fees BY using direct deposit at a major bankmonospaced
- scarabin0
btw all i need is direct deposit and a savings account
- scarabin0
so if a credit union "fails", i lose all my money?
or do i just have to find a new one
- JSK0
Becareful with certain accounts as money market etc, they are not covered by FDIC even if where you bank is a FDIC member
- dibec0
S, here is a little more info.
- zaq0
I am planning to move to BankSimple.com once it is out. But eventually planning to switch into Bitcoins
- lowimpakt0
my bank also has an asset management arm that does invest in companies that I wouldn't personally invest in but they use their position to actively campaign for improved corporate governance.
they operate as active shareholders in companies like BP, BAE systems and pricks like that but unlike every other assest management group they publish all their voting records online.
- JSK0
Majority of banking failure comes from local and regional banks.