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Thread: Credit Unions

  1. #1
    See, the Thing is... Cow Poke's Avatar
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    Credit Unions

    It used to be that you had to be some kind of elite member of an organization to join a credit union.

    Now, it seems, most of them are expanding eligibility so even if you're the cousin of a guy who used to live in the house owned by the brother of a woman whose grandfather's uncle fought in, or was alive during, The Great War, you can be a member.

    When I sold my home in the country, we put the proceeds in a savings account in my bank. For a few months, I watched as a tiny amount of money was credited monthly as "interest", so I decided to look at other options. My local Teacher's Credit Union (my daughter worked there, so she got me a membership) had a very flexible Money Market account that seemed to offer much better rates.

    I moved the money, and watched as, each month, REAL MONEY was being credited to my account!

    Do you belong to a credit union? Should you?
    Every problem is the result of a previous solution.

  2. #2
    Troll Magnet Sparko's Avatar
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    How does a credit union differ from a bank?

  3. #3
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    How does a credit union differ from a bank?
    Regulated much differently. Banks are "for profit", credit unions are not. They are financial cooperatives where the members own the money. Think "It's a Wonderful Life"!

    Every problem is the result of a previous solution.

  4. #4
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by Cow Poke View Post
    Regulated much differently. Banks are "for profit", credit unions are not. They are financial cooperatives where the members own the money. Think "It's a Wonderful Life"!

    Wait, you want to put your money into a company controlled by Mr. Potter?

  5. #5
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    Wait, you want to put your money into a company controlled by Mr. Potter?
    Potter lost.
    Every problem is the result of a previous solution.

  6. #6
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by Cow Poke View Post
    Potter lost.
    OK.

    Hey, guess what? I am starting a Tweb Credit Union. Just send me your money and I will keep it safe. We all own it! And I promise I won't replace it with rocks or anything.

  7. #7
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    OK.

    Hey, guess what? I am starting a Tweb Credit Union. Just send me your money and I will keep it safe. We all own it! And I promise I won't replace it with rocks or anything.


    Every problem is the result of a previous solution.

  8. Amen QuantaFille amen'd this post.
  9. #8
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by Cow Poke View Post


    Yeah but that was Joseph Smith, he was a mormon. You can trust ME!

  10. #9
    High Priestess of the Pot Stirrers ke7ejx's Avatar
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    Quote Originally Posted by Cow Poke View Post


    I am Punkinhead.

    "I have missed you, Oh Grand High Priestess of the Order of the Stirring Pot"

    ~ Cow Poke aka CP aka Creacher aka ke7ejx's apprentice....

  11. #10
    High Priestess of the Pot Stirrers ke7ejx's Avatar
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    I've belonged to a Credit Union for nearly 10 years and I have had less trouble with them than I have banks. I'm a very happy CCU member!
    I am Punkinhead.

    "I have missed you, Oh Grand High Priestess of the Order of the Stirring Pot"

    ~ Cow Poke aka CP aka Creacher aka ke7ejx's apprentice....

  12. Amen Jedidiah amen'd this post.

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