by Spirit of the Nomad on October 30th, 2009

Spirit of the Nomad

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I'm dumping Wells Fargo, who do you bank with and would you recommend them?

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  • by dumdum on October 30th, 2009

    dumdum

    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.

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  • by Wynper on October 30th, 2009

    Wynper

    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.

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  • by HasntBeen on October 30th, 2009

    HasntBeen

    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.

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  • by Legend of my mind on October 30th, 2009

    Legend of my mind

    Depends on where your at. I use First Financial. #1bank in Texas, #2 in the country.

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  • by Wynper on October 30th, 2009

    Wynper

    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.

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  • by Alice on October 30th, 2009

    Alice

    Citibank- I love their REWARD PROGRAM!!!

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  • by trouble315 on October 30th, 2009

    trouble315

    Go with a local credit union.

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