Originally posted by daynight42
I have left only what I think I might need to cover any "dangling" expenses to be paid from Chase bank. I now have transferred the bulk of the money
to a community bank.
I guess I didn't look around enough, though. The community bank charges $12 for an ATM card. Chase gives the debit card for free. This actually
doesn't matter in my case because I moved money into a savings account, but $12 versus $0 puts the community bank as more expensive. The fees on
overages might be less, but I am beyond the stage where I live on the verge of a zero balance and overspend. (Happened to me enough while I was
So, I'm still in search of a better community bank. The credit unions are only open to certain employees of certain institutions (like schools). They
aren't open to anyone and everyone.
Anyway. Just a reminder to people to read the details. I'm all for sending a message to the large banks, but extra fees are to be avoided of course.
good for you for making the effort.
since i don't know your location, perhaps this advice may help ... not all credit unions are non-profit ~~ only Member-Owned CUs are non-profit
(profits circulate back to members).
some CU members of the NCUA (National Credit Union Admin) are in fact, profit driven parcels of the mega-banks, they are never owned by their members
but often disguise / present themselves as such ... and frequently send lobbyists to - you guessed it, DC -- do look harder.
here are a few links to help ... in FL ... gtefcu.org
South Florida FCU
... SFF homepage
First Florida FCU
from 1st hand experience i can tell you the first and last ones do not charge extra for any of the standard services including Mastercard/Debit/Check
Card ... online banking is free and easily accessible and i am also sure those two are member-owned facilities.
the SFFCU i am not personally familiar with but, i included the news notice because it shows they have recently been approved to expand their
membership "base" ... they are no longer limited to certain businesses, regions, employees, family relations, blah, blah, blah.
(and, since there is one, there are more)
some are very rigid with their memberships but you'll often find a gem or jewel in the pack if you look hard enough.
personally, i vacated the mega-banks back in 89/90ish, however, i recently added two more members to their rosters a couple weeks ago.
$50 for 2 referrals
if you care to u2u me a location (state), i'd be happy to help you locate a better provider.
or, if you prefer ... perhaps this link will help ... CUs by state
(however, review this
because it is [dare i say, jaded] lacking quality CUs - no gtefcu listed.
(CUs on this list are generally members of the (F)CUL or in my case, Florida Credit Union League
and this is the group of CUs that lobby DC and
some are corporate sponsored.
also, be very wary of situations like this one in Wisconsin ...
The Wisconsin Credit Union League is asking Gov. Scott Walker to veto provisions in the state budget bill that that would allow direct
conversions of member-owned credit unions to shareholder-owned banks.
“The direct-conversion provisions subvert the interests of a credit union’s full membership to that of a few who intend to own and profit
form a stockholder-owned – and not member-owned – business structure,” said Brett Thompson, president and CEO of The Wisconsin Credit
Union League. Thompson said many major deficiencies in the conversion language are stunning.
you may quickly find your choice in CUs is
manipulated right out from underneath you while you're getting comfy.
good luck and remember, caveat emptor (buyer beware) always
here's a wiki example of the schmooze
i mentioned above [misrepresentation] ...
Due to their small size and limited exposure to mortgage securitizations, credit unions have weathered the financial meltdown of 2008
-- snip for emphasis --
However, two of the biggest corporate credit unions in the United States (U.S. Central Credit Union and Wescorp) with combined assets of more
than $57 billion were taken over by the federal government National Credit Union Administration on March 20, 2009.
be thorough and you won't get snookered