Don't Use Banks For Your Banking

I never set foot in a bank. I only do my "banking" at credit unions where I am never charged a fee for any services. Interest and other rates are comparable or better than banks, and service is way better, as credit unions are member owned and they are federally insured. When I have a credit card dispute or very occasional error on something, it never takes more than 1 phone call to straighten things out. You do have to belong to a group of some sort to belong to a credit union, but often that group is a broad as living in a certain county, or having a religious or employment affiliation.

By Linda from Vista, CA

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June 26, 20080 found this helpful

My sister-in-law was a member of a credit union and on that alone we were able to become members. That might help somebody wanting to get in. She was a cashier in a grocery store.

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June 26, 20080 found this helpful

The bank I use doesn't charge any fees, so it isn't all banks.

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June 26, 20080 found this helpful

I agree. I belong to a credit union and my BF uses a regular bank. The difference is amazing. I will never use a bank again.

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June 27, 20080 found this helpful

I use three credit unions, for various reasons. None of them charge a fee. True, that some banks don't charge fees, but you have certain requirements that you have to meet before you don't get fees added on (therefore not free). Some (one in particular) large banks even nickel and dime their employees!! Banks interest rates are a lot lower than credit unions (which isn't saying a lot as interest rates of anyone is low!). Not all credit unions require you to belong to anything. A few of them in our area require you to be a resident or attend a religious organization in this county or some other easily achieved requirement. I also use ING (online). They have terrific rates and is simple to use. For us this is a rainy day fund and we don't usually touch it. Hasn't rained yet I guess!

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July 2, 20080 found this helpful

I LOVE our credit Union, my husband worked for a company that had one and even when he quit we still use them becuase they have been so good!

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January 6, 20090 found this helpful

I too have always used a credit union. One thing I have noticed is I receive my payroll check by direct deposit and it is deposited 1 day earlier than everyone elses that uses a bank. I hope they don't catch on to this either! lol!!!

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January 6, 20090 found this helpful

I too have always used a credit union. One thing I have noticed is I receive my payroll check by direct deposit and it is deposited 1 day earlier than everyone elses that uses a bank. I hope they don't catch on to this either! lol!!!

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