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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:13 PM Original message |
If everyone switches to a credit union. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:16 PM Response to Original message |
1. What we need to move are our 401K savings. nt |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 10:14 PM Response to Reply #1 |
18. To what? n/t |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 10:42 PM Response to Reply #18 |
19. That's the problem. nt |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:05 AM Response to Reply #19 |
20. Well actually, it's not. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 12:13 PM Response to Reply #20 |
21. No, the problem is the investment itself. We should have pensions. nt |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 12:42 PM Response to Reply #21 |
22. A 401(k) isn't an investment. It's an account. n/t |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:00 PM Response to Reply #22 |
24. 401Ks are plans that have participant accounts. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:19 PM Response to Reply #24 |
29. Now you are stating it more correctly, but they do NOT have to be invested in Mutual Funds. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:23 PM Response to Reply #29 |
31. The plan can limit what funds are included in the plan from which the participant can invest. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:30 PM Response to Reply #31 |
33. Not necessarily. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:27 PM Response to Reply #29 |
32. Annuities offer fixed income. nt |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:31 PM Response to Reply #32 |
35. Yes they do, but what do you think an Annuity is invested in? n/t |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:36 PM Response to Reply #35 |
37. What does it have to be invested in? Are all invested in traded stocks? |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:54 PM Response to Reply #37 |
39. Annuities invest in a wide array of securities, depending on the choices made.... |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:58 PM Response to Reply #39 |
40. Well, we do have a government pension of sorts. We have Social Security. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:11 PM Response to Reply #40 |
43. Well...think of it this way; (edited) |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:23 PM Response to Reply #43 |
44. You mean instead of our federal taxes and SS contribution? |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:33 PM Response to Reply #44 |
45. Not to beat this to death..... |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:15 PM Response to Reply #20 |
28. The problem is that most people will never be able to keep up with choices. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 12:24 PM Response to Reply #28 |
56. +1 |
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CaliforniaPeggy (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:16 PM Response to Original message |
2. I don't think so... |
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Pied Piper (363 posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:40 PM Response to Reply #2 |
9. Hi Peggy! |
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CaliforniaPeggy (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 06:39 PM Response to Reply #9 |
15. My dear Pied Piper! |
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daleanime (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:16 PM Response to Original message |
3. Too many of them.... |
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ProgressiveProfessor (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:18 PM Response to Reply #3 |
5. They are account holder owned... |
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RKP5637 (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:18 PM Response to Original message |
4. Good point! What I see with greed is often the most cash accumulated the more |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:19 PM Response to Original message |
6. Credit unions are automatically occupied, when you join, you become a member, not a customer. |
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sam11111 (638 posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:39 PM Response to Reply #6 |
8. Owned by you, the CU customer. Customers set CU policies, hire the manager,set his wage |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:43 PM Response to Reply #8 |
10. I agree except for the use of the word customer to describe CU members. |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 06:04 PM Response to Reply #10 |
11. I agree except the ownership is mostly a charade |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 06:13 PM Response to Reply #11 |
12. Does your credit union put out newsletters with your monthly statement? |
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Electric Monk (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:23 PM Response to Reply #11 |
30. re: 'Reserves', for what end? |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 11:38 AM Response to Reply #30 |
55. that's not the same type of reserve |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:33 PM Response to Reply #11 |
36. why don't you charter your own credit union and operate it as you suggested |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:54 PM Response to Reply #11 |
47. My credit union does exactly that. |
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U4ikLefty (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 07:57 PM Response to Reply #11 |
49. Anecdotal evidence without supporting documentation? You convinced me. |
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Blue_In_AK (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:04 PM Response to Reply #10 |
25. Even my daughter who works in special credits at our credit union |
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Jnana (88 posts) Send PM | Profile | Ignore | Sat Oct-29-11 05:29 PM Response to Original message |
7. No. |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 06:17 PM Response to Original message |
13. Just because something is a non profit or a co-op doesn't mean it will be well run or have good serv |
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provis99 (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 07:54 PM Response to Reply #13 |
16. link? |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 10:10 PM Response to Reply #16 |
17. link to what? |
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provis99 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 07:47 PM Response to Reply #17 |
48. you did not provide a link proving credit unions suck. |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 08:20 AM Response to Reply #48 |
50. You're joking I presume. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sat Oct-29-11 06:18 PM Response to Original message |
14. CUs operate the way you were told banks were supposed to, not the way they do |
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alfredo (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 12:46 PM Response to Original message |
23. Credit Unions are member owned, and in the case of mine, |
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pipi_k (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:09 PM Response to Original message |
26. Probably not... |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:11 PM Response to Original message |
27. Let's not get ahead of ourselves. Just join a credit union. |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:31 PM Response to Original message |
34. OP says credit unions will become "to" big |
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cyglet (256 posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:53 PM Response to Original message |
38. Might be flamebait...but... |
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pipi_k (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:02 PM Response to Reply #38 |
42. Not from me, anyway... |
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woo me with science (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 08:25 AM Response to Reply #38 |
51. PenFed does not have free checking for balances under $500. |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 01:59 PM Response to Original message |
41. We had a loan and they refused to discharge our debt when we went |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Sun Oct-30-11 02:46 PM Response to Original message |
46. LOVE my credit union!!! |
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Fool Count (878 posts) Send PM | Profile | Ignore | Mon Oct-31-11 08:26 AM Response to Original message |
52. No they won't, because there are hundreds if not thousands of them |
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LanternWaste (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 09:21 AM Response to Original message |
53. B does not necessarily follow -A |
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Zorra (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 09:32 AM Response to Original message |
54. Socialist Banking? Aren't credit unions member owned? |
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Harmony Blue (1000+ posts) Send PM | Profile | Ignore | Mon Oct-31-11 12:28 PM Response to Original message |
57. You are a member not a customer |
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