[DesertRhino]

Exactly,, and unless you argue that banks have a God given natural right to my business, then a similar product that works as an acceptable substitue for me helps MY profit motive.
CU’s offer far better rates on loans, and usually better rates on savings.
My personal PROFIT MOTIVE lures me there. CU’s live with restrictions that banks are unwilling to,, Thats fine. But for banks to screech when someone has a wonderful alternative is a joke.
In return for CU’s paying taxes, I wonder how banks would view open membership or interstate operations under the same name?

You already know the answer.

[clintonh8r]

Credit unions are fine for customers who have relatively low service expectations and simple financial requirements.

By the way, about 10 years ago virtually all differentiating restrictions between credit unions and commercial banks were eliminated by legislation.

Innovation requires capital. Since credit unions have virtually no way to acquire capital their services and products are limited.

I happen to have a problem with legislatively-advantaged non-profits being permitted to fully compete with businesses that pay taxes, no matter what industry. I guess FReepers have something in common with the "occupiers."