- NEW!
Help answer this question below.
Have banked with the same credit union for over twenty years of which unless you live in the same county as I you can't but you may want to see what is available in your area.
Credit Unions allow you to support and invest in yourself and others in your community. They are more likely (though not always) to invest money locally not just in another members car and house loan but other local interests.
From: http://www.creditunion.coop/what_is_a_cu.html
Credit unions are financial institutions formed by an organized group of people with a common bond. Members of credit unions pool their assets to provide loans and other financial services to each other.
Credit unions differ from other banks in several ways:
Credit Unions
Owned by members
Not-for-profit cooperatives
Operated by mostly volunteer boards
Other Financial Institutions
Owned by outside stockholders
Owned by outside stockholders
Controlled by paid boards
These factors allow credit unions to pay dividends to their members (not shareholders) and offer them lower loan rates, higher savings rates and fewer service fees.
The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions. They also insure savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.
This section of the CUNA website includes additional information about the history of credit unions, where to locate credit unions near you, and how you might be eligible to join.
I use Wells Fargo. My one attempt to leave took me to Washington Mutual, which sucked far worse. So I went back to WF. If I had to try again, I'd probably try Chase -- I have a credit card with them, and their service is good and systems modern. At least in that department.
Depends on where your at. I use First Financial. #1bank in Texas, #2 in the country.
I am with the first poster 100%
Put your money in a credit union. I have had my account for 49 years. It was opened by my mother just after they opened.
I avoid banks at every turn and feel good that as a member of a credit union I am helping my fellow depositors.
Citibank- I love their REWARD PROGRAM!!!
Go with a local credit union.
How do I locate a person's place of employment?
by Answerbag Staff on June 8th, 2010
| 1 person likes this
How Do I Fill Out a Fax Cover Sheet?
by Answerbag Staff on May 31st, 2010
| 1 person likes this
How Do I Use a Fax Cover Sheet?
by Answerbag Staff on May 31st, 2010
| 1 person likes this
What kind of business can I do with the little cash I have with me ?
by taiwotuks on February 8th, 2012
| 1 person likes this
Should you vacuum before the carpet cleaner arrives?
by Jani_T on February 8th, 2012
| 2 people like this
You're reading I'm dumping Wells Fargo, who do you bank with and would you recommend them?
- which can also be phrased in the following ways:
Comments
Great Answer! +6
by Wynper on October 30th, 2009
Thanks!
by Spirit of the Nomad on October 30th, 2009
Becareful with Credit unions because they do not have as many ATMS available worldwide or out of county and those fees get high...really high double whamy...
by Alice on October 30th, 2009
A rather general statement. Mine is tied in with several banks ATMs and I just returned from Europe where I had no trouble at all, but sure it is always better to ask.
by dumdum on October 30th, 2009
Yes it is always better to ask... I had a credit union and it was hard for me to find ATMS that did not charge a fee. The did have the logo so I assumed it would be okay but it was a lesson learned, for quick and easy cash I found it costly.
by Alice on October 30th, 2009