Why I love my credit union 100%. They charge me 8%, not 29%

[mahina]

By now it's a boring story you've heard before; my emergency backup credit card, citibank, upped the rate to 29%. Whether because I try to pay it off first, or just because they're greedy assholes and they can, who knows, but 29% is impossible for me.

My little tiny local credit union on the other hand keeps my rate at 8% even if I'm just a little late with the payment. I can talk to a person here, and they don't treat me like a germ.

Credit unions rock.

[valerief]

1. I'm going to a credit union next week!!!!! The hell with BOA!!!! nt

[HuckleB]

3. We keep our free checking account with BOA, just so we can non-service charged cash when traveling.

Everything else goes through a CU.

[jtrockville]

4. I ditched BOA earlier this year. NO REGRETS.

[HuckleB]

2. Credit Unions are awesome!

Alas, some of the consolidation among CUs has led to a disintegration of service and an increase in charges, even in that sector.

[pinto]

5. Couldn't agree with you more. And CU's are expanding access 'membership categories'

The one I belong to once was limited to State, County and Municipal employees. Now the list includes many non-profits, members of the local downtown business association, health care providers, etc.

:thumbsup:

:thumbsup:

[Thickasabrick]

6. Does anyone know of a credit union in NC I could join? I want to leave

BOA. I am not affiliated with anything so I've never had an opportunity to join one.

[HipChick]

7. Penfed

if you have good credit

[Thickasabrick]

10. Thanks - I'll check them out. nt

[Ernesto]

8. anybody ever hear of a credit union getting a bail-out

or being seized by the FED?
(Neva happen GI!)

[davidwparker]

9. If you owe nothing on it, close it and then get an increase on the one

at the credit union.

If you do owe something, see about getting a balance transfer to limit the effect of the loan sharks on your budget.

[phasma ex machina]

11. +1 Credit unions rock. nt

[BeHereNow]

12. Power of the People- Credit Unions instead of Banks

Wish more people comprehended this.
If everyone moved their money on the same day,
we would be rid of the banksters forever.

BHN

[HughMoran]

13. Mine shows Fox News on all 4 televisions in the lobby

And they ignore my complaints about Fox, so I took my money and put it in a place that actually pays me interest for holding my money.

[rhett o rick]

14. If they get too popular, the banks will step on them. nt

[Greyskye]

16. "Bank lobby lashes out at credit unions"

http://thehill.com/homenews/house/70685-banks-lash-out-at-credit-unions-in-letter-to-senior-democrats

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4171980

[BeHereNow]

17. Fucking Pelosi-

They bail the banks out with OUR money-
the banks limit and reduce credit and she
urges a limit on what the credit unions can lend.

The wicked witch is not dead.
She just found a new land to terrorize with her
flying monkeys.

BHN

[rhett o rick]

18. Yeah I saw that. I been with my credit union for 41 years. Yeah I'm old. nt

[formercia]

15. Mine charges 8.5%

The one month my credit card payment was late, the CU canceled the late fee when they checked the postmark and realized that it had been delayed it transit. They apologized for the mistake without even having to complain.

How many big banks would give you a break like that?

[david13]

19. Credit unions have long been known as a good deal. dc