Comments on: Credit Unions Versus Banks; Which Do You Use? http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/ A place to discuss money...for the rest of us. Sun, 08 Nov 2009 00:15:00 -0500 hourly 1 By: Quick Hits | deviate http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22410 Quick Hits | deviate Mon, 08 Oct 2007 04:34:37 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22410 [...] responded to an article over on MyTwoDollars.com about credit unions.  You can go over here and read the post and what I had to say.  I thought I said some pretty good stuff if you ask me [...] [...] responded to an article over on MyTwoDollars.com about credit unions.  You can go over here and read the post and what I had to say.  I thought I said some pretty good stuff if you ask me [...]

]]> By: Food For Thought - Articles From My Blogroll http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22225 Food For Thought - Articles From My Blogroll Thu, 04 Oct 2007 10:33:05 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22225 [...] Two Dollars is thinking about using a credit union - My parents use one and they love [...] [...] Two Dollars is thinking about using a credit union – My parents use one and they love [...]

]]> By: david http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22190 david Wed, 03 Oct 2007 22:25:36 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22190 Thanks for all the comments everyone, appreciate the help and I am going to look into a CU in my area to do some business with! Thanks for all the comments everyone, appreciate the help and I am going to look into a CU in my area to do some business with!

]]> By: bo http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22181 bo Wed, 03 Oct 2007 20:54:01 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22181 Yes! Now this is something I can contribute too! Okay, I am totally in agreement with beerbear. I would have to smoke something pretty serious to be with a bank over a CU. If you have no idea of some of the benefits of a CU let me blow you away. -No ATM fees since CU's work together. -Biggie: my CU is getting ready to join the service centers so you can go into another CU or a CU service center and make any transaction like you were in your home CU. (It's called shared branching) -I don't pay yearly fees on any of my accounts -I don't pay a yearly fee to have/use a debit card -I don't have to have a minimum balance on my 1 credit card -I make interest off my checking account (and it's not the crappy 0.0005% either) -The interest rates on my car and house are the lowest in the state. I couldn't have bought either if I would have gone through a bank or 3rd party finance institution. -Free bill pay -Incredible online banking, and when I say incredible I mean incredible. I have no need to go to any branch (except for a cash/check deposit, well I could mail it in) because I can do every transaction online -And for those of you interested, you can apply for any loan (even a mortgage) on their site -Since my CU plays a big role in the community, you can go to tons of restaurants/businesses and get cash back when you make purchases Again, why would I swap from a credit union to a bank? Oh wait, I wouldn't... Yes! Now this is something I can contribute too!

Okay, I am totally in agreement with beerbear. I would have to smoke something pretty serious to be with a bank over a CU. If you have no idea of some of the benefits of a CU let me blow you away.

-No ATM fees since CU’s work together.
-Biggie: my CU is getting ready to join the service centers so you can go into another CU or a CU service center and make any transaction like you were in your home CU. (It’s called shared branching)
-I don’t pay yearly fees on any of my accounts
-I don’t pay a yearly fee to have/use a debit card
-I don’t have to have a minimum balance on my 1 credit card
-I make interest off my checking account (and it’s not the crappy 0.0005% either)
-The interest rates on my car and house are the lowest in the state. I couldn’t have bought either if I would have gone through a bank or 3rd party finance institution.
-Free bill pay
-Incredible online banking, and when I say incredible I mean incredible. I have no need to go to any branch (except for a cash/check deposit, well I could mail it in) because I can do every transaction online
-And for those of you interested, you can apply for any loan (even a mortgage) on their site
-Since my CU plays a big role in the community, you can go to tons of restaurants/businesses and get cash back when you make purchases

Again, why would I swap from a credit union to a bank? Oh wait, I wouldn’t…

]]> By: Modern Worker http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22169 Modern Worker Wed, 03 Oct 2007 17:59:29 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22169 I'm a bank kind of man, although I recognize the perks of C.U.s. I’m a bank kind of man, although I recognize the perks of C.U.s.

]]> By: Wil http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22086 Wil Tue, 02 Oct 2007 20:12:54 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22086 @ david: With credit unions, it really depends on where you live. There is a couple of websites that will help you. www.co-opnetwork.org will get you to ATMs, which will usually be at the credit union itself. Additionally, you can try www.cuswirl.com, which will tell you service centers (credit union branches that play nice with each other and will do transactions for other credit unions), I'm not near MY computer right now, but bankrate has a good listing as well. @ david:

With credit unions, it really depends on where you live. There is a couple of websites that will help you. http://www.co-opnetwork.org will get you to ATMs, which will usually be at the credit union itself. Additionally, you can try http://www.cuswirl.com, which will tell you service centers (credit union branches that play nice with each other and will do transactions for other credit unions), I’m not near MY computer right now, but bankrate has a good listing as well.

]]> By: david http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22084 david Tue, 02 Oct 2007 19:46:26 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22084 What is a good credit union to check out? Anyone have any personal experience with a particular one that is open to anyone? What is a good credit union to check out? Anyone have any personal experience with a particular one that is open to anyone?

]]> By: MoneyNing http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22021 MoneyNing Tue, 02 Oct 2007 01:15:12 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22021 I use a bank (Wells fargo) but I actually do pretty much everything online so any online bank would've been good enough. I use a bank (Wells fargo) but I actually do pretty much everything online so any online bank would’ve been good enough.

]]> By: beerbear http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22011 beerbear Mon, 01 Oct 2007 23:03:54 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22011 They will claw BECU out of my cold, dead hands. 1. Free checking with 7.5% interest on first $500 balance. 2. Amazing online bill pay. 3. LOC based overdraft protection for Checking. 4. Very competitive loan and CD rates. I use it for everything except my savings (still clinging to ETrade's 5.05%). Although I may move to a money market once I reach the $10K minimum. I haven't used an ATM in years. Just buy a Clif bar and get cash back. I know people who use BOA or WaMu and I'm always baffled why they put up with the crap. They will claw BECU out of my cold, dead hands.

1. Free checking with 7.5% interest on first $500 balance.
2. Amazing online bill pay.
3. LOC based overdraft protection for Checking.
4. Very competitive loan and CD rates.

I use it for everything except my savings (still clinging to ETrade’s 5.05%). Although I may move to a money market once I reach the $10K minimum.

I haven’t used an ATM in years. Just buy a Clif bar and get cash back.

I know people who use BOA or WaMu and I’m always baffled why they put up with the crap.

]]> By: Emily http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/comment-page-1/#comment-22004 Emily Mon, 01 Oct 2007 22:07:52 +0000 http://www.mytwodollars.com/2007/10/01/credit-unions-versus-banks-which-do-you-use/#comment-22004 I grew up using a credit union, and I have 100% always loved it. They only have four offices, but they have great service and everything I've ever needed. They also play nice with other CU's, so I've never had to pay an ATM fee. I grew up using a credit union, and I have 100% always loved it. They only have four offices, but they have great service and everything I’ve ever needed. They also play nice with other CU’s, so I’ve never had to pay an ATM fee.

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