Boycott Republican Banks, join a Democratic Credit Union

[InvisibleBallots]

Banks help fund the Republican party, and they contribute way more to Republicans than Democrats. Banks are corporations, and part of the corporate system that tries to run both parties. All the fees and interest you pay to the bank goes to the profits of someone else, not you.

http://www.opensecrets.org/industries/indus.asp?Ind=F03

Credit unions on the other hand, work just like banks, with insured deposits, but you are the owner. The people who use the credit union own the credit union, vote for the board of directors, and all the interest and fees you pay go right back into your own pocket. The banks have bought off Congress to pass laws against advertising credit unions in an attempt to stifle the competition, but anyone in the USA can become a member.

Boycott the Banks and join a Credit Union today:

http://www.creditunion.coop/cu_locator
http://www.cuna.org
http://www.ncua.gov

Just like in most banks, your credit union deposits are insured by the Federal government up to $100,000.

http://www.ncua.gov/ShareInsurance/index.htm

[xultar]

1. Do the Credit Unions donate to Democratic candidates of whom may

feel forced to do the CUs bidding which then makes the candidate a corpatista?

[mdmc]

2. you guys should check out the DU progressive living group

http://www.democraticunderground.com/discuss/duboard.php?az=show_topics&forum=255

:hi:

[xultar]

4. Thanks I've added it to my forums list! n/t

[InvisibleBallots]

11. thanks

:)

[InvisibleBallots]

3. Credit Unions are democratic

I'm not sure of your point, but Credit Unions are not "corporate" in the sense that they are democratically run institution owned by their members, as opposed to anti-democratic corporations, owned by outside investors. The democracy is the key part.

[Don Claybrook]

5. Something to think about

I do computer networking stuff, routers and the like. I used to do lots of work for one particular credit union in Southern California. They paid their IT staff next to nothing (I was a consultant, working with this IT staff once or twice a month). Lots of the IT people wanted to quit but knew there were no more jobs out there, so they stayed. The credit union management knew the score, but this was one of the ways they kept costs down.

Present-day: I work for a very large bank that everyone here has heard of (won't mention their name, since I use my real name to post here). IT salaries at this bank are very much in line with the rest of the IT industry. Moreover, the CEO of this bank came out as a Kerry supporter. All in all, it's a good place to work, not all good but not all bad either.

You may be right with your overall analysis, but I wanted to point out that there are exceptions on both sides of the story.

[AP]

7. When we all swtich to Credit Unions, they'll be able to pay better wages.

[InvisibleBallots]

8. Banks are outsourcing to India daily

Thanks for the interesting story about the credit union that was bad to work for, and the bank that was good to work for. This part was particularly striking:

"The credit union management knew the score, but this was one of the ways they kept costs down."

For a moment I thought you were implying that credit unions, and opposed to banks, "know the score" - in this case, about paying workers less. Of course, credit unions do not negate the laws of supply and demand, human nature, make bureacracy efficient, nor do they make the flowers bloom in the springtime :)

But dumping the banks and joining credit unions is not only good for yourself financially, but good for the community and America in general.

[Lefty48197]

6. Banks suck ass. Credit Unions are great.

Pretty soon somebody will try to tell us how great banks are, and how the money in banks is so much more secure than that in CU's (lies, all of it), but it will come.

[Lorien]

9. We could use a similar thread here:

http://www.democraticunderground.com/discuss/duboard.php

[nashville_brook]

10. i've worked for union planters for a year

and i can tell you that banks are all up in arms about what the say is "unfair" laws giving credit unions as much power as banks to offer products -- cheaper.

there is NO REASON not to use a credit union right now. it is in your financial interest.

[InvisibleBallots]

12. many highly paid professionals use credit unions

unless they have access to a private bank (which they often own shares in, just like a middle class person can at a credit union). Management at many medium sized companies have credit unions they can join, and often anyone at the company too. For a middle class family, joining a credit union is well worth it, strictly for the money.

The fact that it's democracy in action is the icing on the cake, I guess :)