Where do credit unions come from?
June 7, 2005 9:30 AM Subscribe
I am a credit union kind of person. There are no credit unions in my county. Traveling to the nearest credit union is too great a hardship to be a suitable solution. Is there a way I could cause a credit union to be formed here? What is involved in establishing a credit union?
I live on the west coast and do all my banking at a credit union on the east coast - I've been a member there for over fifteen years and never saw a good reason to change banks. Through the wonders of direct deposit, online banking and no-fee ATMs, I rarely need to visit a branch. When I do, I can go to a local Credit Union Service Center. Obviously this isn't quite what you're asking, but I wanted to point out that proximity to a branch isn't always crucial.
posted by bendy at 12:08 PM on June 7, 2005
posted by bendy at 12:08 PM on June 7, 2005
FWIW, I rarely visit my credit union. My dark-ages employer still issues paper checks, I deposit at a regular bank ATM w/o hassle.
I visit a branch maybe twice a year, only when I'm buying / selling a vehicle or house. With a little foresight I wouldn't even need to do that.
I'd also like to point out the customer service @ my CU is above and beyond fantastic. They appreciate my business and reverse any erroneous charges immediately and without hassle. I will never go back to a bank.
My paycheck to paycheck friends think I'm nuts. When I hear about their bank fees and bad service, I think they're nuts.
posted by vaportrail at 7:41 PM on June 7, 2005
I visit a branch maybe twice a year, only when I'm buying / selling a vehicle or house. With a little foresight I wouldn't even need to do that.
I'd also like to point out the customer service @ my CU is above and beyond fantastic. They appreciate my business and reverse any erroneous charges immediately and without hassle. I will never go back to a bank.
My paycheck to paycheck friends think I'm nuts. When I hear about their bank fees and bad service, I think they're nuts.
posted by vaportrail at 7:41 PM on June 7, 2005
This thread is closed to new comments.
Also, I am in the same boat as you and I decided to join a credit union that had superb online banking and no ATM fees. I have directly deposited paychecks and except for not having a friendly teller to talk to [I have actually never been to my bank, but I chat with them over IM when I have account issues] and the occasional check to mail them, it's been completely wonderful.
posted by jessamyn at 9:53 AM on June 7, 2005