prole Posted November 5, 2011 Share Posted November 5, 2011 A Saturday? Whatever, just move it. Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted November 5, 2011 Share Posted November 5, 2011 WECU will do the paperwork to move your auto-pay accounts for you. Easy. Quote Link to comment Share on other sites More sharing options...
prole Posted November 5, 2011 Author Share Posted November 5, 2011 WECU is the balls. Been there for 12 years. Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted November 5, 2011 Share Posted November 5, 2011 Parasitic, psychopathic shithouses like B of A are on the ropes already...the people of this country could actually put them out of business, as recent events have proven. Quote Link to comment Share on other sites More sharing options...
G-spotter Posted November 5, 2011 Share Posted November 5, 2011 The best place to move your money would be to a currency other than the US dollar... Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted November 5, 2011 Share Posted November 5, 2011 (edited) I hear Euros are a good deal. Â When it comes to banking, Â Executives + Shareholders = Tapeworms. Edited November 5, 2011 by tvashtarkatena Quote Link to comment Share on other sites More sharing options...
G-spotter Posted November 5, 2011 Share Posted November 5, 2011 The hamster-based currency movement is undergoing an upsurge in popularity. Â Â Triple your assets in 20 days Quote Link to comment Share on other sites More sharing options...
sobo Posted November 5, 2011 Share Posted November 5, 2011 Parasitic, psychopathic shithouses like B of A are on the ropes already...the people of this country could actually put them out of business, as recent events have proven. I realized the parasitic nature of most banks almost 30 years ago. I moved my money to a credit union in 1983. I have used credit unions ever since. I have no intention of putting my funds in a bank ever again. Quote Link to comment Share on other sites More sharing options...
billcoe Posted November 5, 2011 Share Posted November 5, 2011 Just this morning I moved some out of my pocket and invested into coffee futures, which turned to piss in short order. So maybe now I need to move the rest from my right pocket to my left pocket. Quote Link to comment Share on other sites More sharing options...
ivan Posted November 5, 2011 Share Posted November 5, 2011 iqcu - the tits part is it's got a student-run branch in my school so i can do all my banking from my room during lunch time, plus i get complimentary candy still - keeps me honest w/ counting the cash part too Quote Link to comment Share on other sites More sharing options...
bstach Posted November 5, 2011 Share Posted November 5, 2011 Whats the difference between a bank and a credit union? Is my money safe in a credit union? Quote Link to comment Share on other sites More sharing options...
ivan Posted November 5, 2011 Share Posted November 5, 2011 credit unions are not for profit, otherwise they're the same? my understanding is they're still insured by the feds in case of going under. Quote Link to comment Share on other sites More sharing options...
AlpineK Posted November 5, 2011 Share Posted November 5, 2011 http://www.wisebread.com/credit-unions-vs-banks-whats-the-difference  In practice, credit unions offer the same services as banks and are subject to federal regulations that are similar to those under which banks operate. Quote Link to comment Share on other sites More sharing options...
Crux Posted November 5, 2011 Share Posted November 5, 2011 (edited) Yeah man, but if your account is with a credit union and you need tapeworms, where you gonna go? Edited November 6, 2011 by Crux Quote Link to comment Share on other sites More sharing options...
sobo Posted November 6, 2011 Share Posted November 6, 2011 Whats the difference between a bank and a credit union? Is my money safe in a credit union? 1. In a credit union, you are the owner, along with all of the other shareholders. Once you make a deposit and open an account, you have all the rights and privileges of any other shareholder, regardless of the amount in your account. Five dollars or $5 million, it doesn't matter. 2. In a CU, the shareholders elect the Board of Directors in a one-for-one arrangement. Every member gets only one vote. Again, the amount of money you hold in your account does not entitle you to extra votes or other privileges. Very different from a bank...  3. In a CU, the Board of Directors sets the interest rate. People that you elected and that you can go in to see at the CU are the ones setting the rates of your loan and on your dividend. I know my CU's BoD pretty well, and they know me. I've been at my current CU since 1989. Opened accounts, bought several vehicles, a couple homes, have taken out a HELOC loan, have credit and debit cards, etc.  4. Credit unions in the USA are not-for-profit (not the same as non-profit). They aren't for-profit like banks are. That means that a CU must still turn a small profit, but that surplus is then immediately returned to the shareholders (you) in the form of dividends, lower interest loans, higher interest on savings, free checking, no minimum balances in your accounts, free bill-paying, etc. At a bank, you are charged for many of these services that are free at a CU. At the bank, the profits go into the pockets of its directors...  5. Your deposits are insured up to $250,000 through the NCUSIF, which is backed by "the full faith and credit of the US governement" through the NCUA. This is a mechanism for CU deposit insurance roughly equivalent to the FDIC that insures deposits at banks. Both the NCUSIF/NCUA and the FDIC have the same upper limit of deposit insurance ($250,000).  Why any Average Joe in America would put their rainy day account/savings and daily operating cash in any financial institution other than a CU is beyond my level of comprehension. Of course, if you've got more than $250,000 lying around, then a CU is not the place for your scratch, and you ain't an Average Joe. But that ain't me, Brotha...  bstach- In Canada, it's a bit different. Your CUs are for-profit, so I imagine that it's not much different than having your money in a bank there. YMMV, since I'm not Canadian. Mebbe you should look into CUs in your neck o' the woods a little bit, eh? Quote Link to comment Share on other sites More sharing options...
Crux Posted November 6, 2011 Share Posted November 6, 2011 Good report on credit unions Sobo. Now, who can help me get tapeworms? Quote Link to comment Share on other sites More sharing options...
olyclimber Posted November 6, 2011 Share Posted November 6, 2011 I have syphilis...will that do? Quote Link to comment Share on other sites More sharing options...
Crux Posted November 6, 2011 Share Posted November 6, 2011 So the banks provide more than tapeworms? Quote Link to comment Share on other sites More sharing options...
G-spotter Posted November 6, 2011 Share Posted November 6, 2011 Give enough hamsters wheels and your money will make a clean energy investment (except for the hamster poop) Quote Link to comment Share on other sites More sharing options...
pink Posted November 6, 2011 Share Posted November 6, 2011 A Saturday? Whatever, just move it. Â jimmy stewart here...... brillant Quote Link to comment Share on other sites More sharing options...
bstach Posted November 6, 2011 Share Posted November 6, 2011 Whats the difference between a bank and a credit union? Is my money safe in a credit union? 1. In a credit union, you are the owner, along with all of the other shareholders. Once you make a deposit and open an account, you have all the rights and privileges of any other shareholder, regardless of the amount in your account. Five dollars or $5 million, it doesn't matter. 2. In a CU, the shareholders elect the Board of Directors in a one-for-one arrangement. Every member gets only one vote. Again, the amount of money you hold in your account does not entitle you to extra votes or other privileges. Very different from a bank...  3. In a CU, the Board of Directors sets the interest rate. People that you elected and that you can go in to see at the CU are the ones setting the rates of your loan and on your dividend. I know my CU's BoD pretty well, and they know me. I've been at my current CU since 1989. Opened accounts, bought several vehicles, a couple homes, have taken out a HELOC loan, have credit and debit cards, etc.  4. Credit unions in the USA are not-for-profit (not the same as non-profit). They aren't for-profit like banks are. That means that a CU must still turn a small profit, but that surplus is then immediately returned to the shareholders (you) in the form of dividends, lower interest loans, higher interest on savings, free checking, no minimum balances in your accounts, free bill-paying, etc. At a bank, you are charged for many of these services that are free at a CU. At the bank, the profits go into the pockets of its directors...  5. Your deposits are insured up to $250,000 through the NCUSIF, which is backed by "the full faith and credit of the US governement" through the NCUA. This is a mechanism for CU deposit insurance roughly equivalent to the FDIC that insures deposits at banks. Both the NCUSIF/NCUA and the FDIC have the same upper limit of deposit insurance ($250,000).  Why any Average Joe in America would put their rainy day account/savings and daily operating cash in any financial institution other than a CU is beyond my level of comprehension. Of course, if you've got more than $250,000 lying around, then a CU is not the place for your scratch, and you ain't an Average Joe. But that ain't me, Brotha...  bstach- In Canada, it's a bit different. Your CUs are for-profit, so I imagine that it's not much different than having your money in a bank there. YMMV, since I'm not Canadian. Mebbe you should look into CUs in your neck o' the woods a little bit, eh?  Jebus Sobo, this sounds like socialism...how does something like this happen in America? Quote Link to comment Share on other sites More sharing options...
pink Posted November 6, 2011 Share Posted November 6, 2011 [video:youtube] [video:youtube] Â Â this is rich! Quote Link to comment Share on other sites More sharing options...
Dannible Posted November 6, 2011 Share Posted November 6, 2011 I took my money out of BofA yesterday. Gonna give BECU a try. I've had a couple of big issues with BofA in the past, and the $5 debit thing was the end of the line. I know they went back on that, but it's the principle. My bank account rarely breaks three digits though, so I doubt they'll miss me. Quote Link to comment Share on other sites More sharing options...
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