Posted on 10/06/2008 5:37:27 PM PDT by RKBA Democrat
Recently a friend told the story of his 80-year-old father submitting a check for payment at Washington Mutual. "The bank bounced the check," he said. Think about it: Your check didn't clear, not because of you but because the bank had insufficient funds. Not a story you hear often and sad indeed.
Washington Mutual, IndyMac, Wachovia. Sweaty palms everywhere as people wonder what's next. If you haven't already, it might be time to check out your corner credit union.
Those on the highest ground fare better in a hurricane. So where's the "high ground" in financial services today? Right now, credit unions. You can sleep at night, often with better rates and a better experience to boot. There are a lot of compelling reasons, especially now:
(Excerpt) Read more at marketwatch.com ...
I went to Credit Union in 2005 and wouldn’t switch.
USAA is looking more attractive than ever. (Technically, its a thrift, not a credit union, but they’re very similar.)
“I went to Credit Union in 2005 and wouldn’t switch.”
Had a run in with Wachovia in the early 90’s and haven’t had an account with a bank since.
Me too. I opened a Navy Federal account over 20 years ago. I’ve never even thought about opening a bank account.
“USAA is looking more attractive than ever.”
They’re tough to join if you aren’t military. Most credit unions are much easier to join.
Been with my credit union for almost 10 years.
Have been with our credit union for 20+ years, would never, ever go back to a bank.
I’ve been in one since the early 90’s and would never step foot in a bank again.
Been with a Military Credit Union AND USAA since 1980. Dealt with a bank for a Girl Scout account and HATED it. Glad my daughter grew up....
Is USAA FDIC insured?
The bank part of it is FDIC insured, yes?
When I Google it, the following shows:
http://www.google.com/search?num=100&hl=en&q=usaa+federal+savings+bank
“Investment/Insurance: Not FDIC Insured • Not Bank Guaranteed • May Lose Value. USAA products and services are available only in those jurisdictions where “
Yes
Investment/Insurance: Not FDIC Insured • Not Bank Guaranteed • May Lose Value.
I'm not aware of any insurance or other investment that is FDIC insured.
I actually belong to two separate credit unions. I would never go back to a bank. My last mortgage was bought by WAMU and because of that, I made sure to get this one with a CU.
I opened a Navy Federal account at Subic Bay on my first deployment in 1985, back when if you were on the West Coast the only way you could open an account was when you were overseas. All the old salts had NFCU accounts and highly recommended it.
I keep some money in a local bank checking account for convenience, but the majority of my cash is still at Navy Federal even though the closest branch office is 1500 miles away. I can do everything I need to online.
This is great news for me!
All my banking is with Golden 1 Credit Union in CA!
Husband’s first car was financed through Navy Federal back in ‘73. Still have it open but have used AutoTruck (Ford) since leaving military in ‘79. Have never banked any where else! Daughter likes to use USAA.
I have insurance through USAA but don’t use their banking services although they send me lots of solicitations. Navy Fed has been very good to me. I even sponsored my father recently when he was looking to spread his cash around a bit more due to FDIC limits.
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