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srican69

(1,426 posts)
Thu Jan 24, 2013, 01:51 PM Jan 2013

do you bank with a Credit Union?

I want to change from Bank of America to an FCU.

I tried looking up credit union attached to my university - but boy !! they have fees upon fees upon fees. ( more than 3 checks/month -slam 5 dollars .. WTF .. I get unlimited free checks from BofA) I like the online billpay, near ubiquitous ATMs etc ...

I honestly would like to switch to a FCU on principal. But I also need to be practical.

What is your Banking experience like? I would especially like to hear from you if you have made a switch from a big bank.


Update: Here are the fees for the credit union I am elegible to join ( Some of them are ridiculous - such as transfers between accounts)

http://www.nyufcu.com/asp/cufees.asp


27 votes, 0 passes | Time left: Unlimited
WTF are you talking about ? I use XXXXX FCU ... and I love it from a customer side of it ( Details please)
26 (96%)
Its a compromise .. but I like the fact that I get better returns.
0 (0%)
Its a pain - but I'd much rather have it this way.
0 (0%)
It was a real pain - I went back to the commercial bank.
0 (0%)
No I ve never used Credit Unions
1 (4%)
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Disclaimer: This is an Internet poll
58 replies = new reply since forum marked as read
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do you bank with a Credit Union? (Original Post) srican69 Jan 2013 OP
You ought to look at other credit unions. I"ve never paid fees. hlthe2b Jan 2013 #1
Nor, have I. GoCubsGo Jan 2013 #22
I have been a member of several 2naSalit Jan 2013 #23
We got out of B of A and are now "members" of Achieva Credit Union and LOVE IT SugarShack Jan 2013 #29
+1 redqueen Jan 2013 #24
Same here. No fees. n/t FSogol Jan 2013 #46
updated the OP with fees that my prospective CU will charge ... srican69 Jan 2013 #47
You need to shop around for other CU's. Ours has free checking, free ATM's, low apr C cards etc. Purveyor Jan 2013 #2
I see no difference BainsBane Jan 2013 #3
I've had my FCU for more than 30 years. No fees, hardly at all. sinkingfeeling Jan 2013 #4
I'm with a credit union here in Seattle Dyedinthewoolliberal Jan 2013 #5
Love my credit union Bjornsdotter Jan 2013 #6
No fees from my CU. Banked there for 25 years. RainDog Jan 2013 #7
I switched from CIBC u4ic Jan 2013 #8
Make sure that it is a member of the Co-Op network of Credit unions... cascadiance Jan 2013 #14
I am looking out for coop network .. srican69 Jan 2013 #17
It is u4ic Jan 2013 #31
You looked at a very bad credit union. Atman Jan 2013 #9
this is exactly what I am looking for .. srican69 Jan 2013 #10
40 years at my CU erinlough Jan 2013 #11
I've been with a CU for over 20 years that recently had management slapped down... cascadiance Jan 2013 #12
I belong to a credit union... ellisonz Jan 2013 #13
why do you want to hear from us about that do you work for a big bank or pr firm for big banks? leftyohiolib Jan 2013 #15
I dont work for them .. I have an account with BofA srican69 Jan 2013 #18
I'll never switch to a big bank. Lugnut Jan 2013 #16
I'm with NFCU (Navy Federal) used to be Community Service CU GoneOffShore Jan 2013 #19
Remember when Credit Unions almost destroyed the world economy? Make7 Jan 2013 #20
No fees at mine. hobbit709 Jan 2013 #21
2 years ago I opened sorefeet Jan 2013 #25
why did you lose the $10? srican69 Jan 2013 #37
went from BofA to Credit Union abelenkpe Jan 2013 #26
Does your CU have online bill pay etc ... srican69 Jan 2013 #35
O yes. abelenkpe Jan 2013 #40
When it comes to commercial banking, BOA is the worst. Dawson Leery Jan 2013 #27
I've used a credit union for more than 20 years mcar Jan 2013 #28
My FCU is great. apnu Jan 2013 #30
My credit union doesn't have fees. Blue_In_AK Jan 2013 #32
The one I am eligible for has tons .. just updated the OP with list of fees srican69 Jan 2013 #39
Oh, that's ridiculous. Blue_In_AK Jan 2013 #42
everything else I find is employment or referral based ... srican69 Jan 2013 #45
Been a happy credit union member for decades klook Jan 2013 #33
Nope. Theory is good but WellsFargo experience flawless to date dmallind Jan 2013 #34
My credit union is great.... prairierose Jan 2013 #36
I use Mission Federal Credit Union xxxsdesdexxx Jan 2013 #38
My Credit Union is 1,000 miles from my home - no problem OutNow Jan 2013 #41
I like my credit union fine. ananda Jan 2013 #43
Yup. Dumped Wells Fargo like I was ripping a band aid off. Initech Jan 2013 #44
I've never used one bigwillq Jan 2013 #48
Love my CU. moondust Jan 2013 #49
No fees. My FCU is what a bank SHOULD be. RedCappedBandit Jan 2013 #50
When I go in, they know my name and family and treat me like a person. MarianJack Jan 2013 #51
I use a credit union and I've been very happy with it. The Velveteen Ocelot Jan 2013 #52
I bank with USAA. (it's a non-profit org for military) Many, many credit unions allow okaawhatever Jan 2013 #53
Message auto-removed Name removed May 2016 #58
I'm in a FCU, and no fees at all. But then I have my IRA with them, meeting min. cash holdings. Eleanors38 Jan 2013 #54
We belong to two - Quick summary socialindependocrat Jan 2013 #55
Here is a link from credit union access to all the credit unions in new york. okaawhatever Jan 2013 #56
I <3 my credit union.... mike_c Jan 2013 #57

GoCubsGo

(32,155 posts)
22. Nor, have I.
Thu Jan 24, 2013, 02:13 PM
Jan 2013

I had a side account at B of A for a while, however. You want to talk about fees? That's why I no longer have the account. Wish I had all the money they charged me for going under a certain balance--something they instituted AFTER I opened the account. Those fees were not in the agreement when I opened that account.

2naSalit

(87,973 posts)
23. I have been a member of several
Thu Jan 24, 2013, 02:23 PM
Jan 2013

CUs in five different states over three decades and never had any fees and few minimums if ever. The thing about a true CU is that it is member owned so all the fees go into operations and not bankster's bonuses and bloated salaries. Keep that in mind. Also, when shopping for a CU, check to see if they are a member of CUNA and FDIC... they pretty much guarantee that you are not getting wrapped up in a faux CU, and there are some out there. Some require that you have an affiliation with some group, like railroad employees or, like the one I am with now, a current student or alum of a school, or like when I worked for the State of WA, there was a CU for state employees and teachers. Look around, they are so much better than throwing your money into the bankster void, whatever fees you may be asked to pay go into making your money's home more efficient so that it works better for you.

BofA is probably the biggest rip off on the continent, always has been.

 

SugarShack

(1,635 posts)
29. We got out of B of A and are now "members" of Achieva Credit Union and LOVE IT
Thu Jan 24, 2013, 02:43 PM
Jan 2013

Open every day til 5:30pm and on sat 9-1!!! no fees.....low interest on everything....new buildings, premium coffee flat screens....all for members and not fat cat CEO's! Their HQ is now relocating to our area and they have now reached the 1 billion in funds....like the big banks! We love it! locations all over the place and free ATM cards for Presto...which is in all of our supermarkets. more ATM locations for free..than a bank!

We even did a refi with them at just over 3%!!!!!! as a non profit the fees were lower as well.

BainsBane

(53,180 posts)
3. I see no difference
Thu Jan 24, 2013, 01:54 PM
Jan 2013

I don't know what you mean by a compromise. That's not what I use now but I have in the past. It's all the same to me.

Dyedinthewoolliberal

(15,675 posts)
5. I'm with a credit union here in Seattle
Thu Jan 24, 2013, 01:54 PM
Jan 2013

named after an airplane company. Anyhow, it's way better than a bank. Low fees, more interest and no corporate agenda to deal with! And you don't have to work for said airplane company to join!

Bjornsdotter

(6,123 posts)
6. Love my credit union
Thu Jan 24, 2013, 01:55 PM
Jan 2013

...no fees.

No fees on atm usage, I can use any atm and I am rebated monthly on the fees. All of the rates are much better than BOA, I even get interest on my checking acct.

Added plus...all of the people there are so nice, I would never switch.

RainDog

(28,784 posts)
7. No fees from my CU. Banked there for 25 years.
Thu Jan 24, 2013, 01:55 PM
Jan 2013

it's the banks, not credit unions, that I have seen imposing ridiculous fees.

u4ic

(17,101 posts)
8. I switched from CIBC
Thu Jan 24, 2013, 01:57 PM
Jan 2013

to a local credit union. Best move I ever made. No fees at all was the main drawing point, plus my having a share in it. They are very customer service oriented - helpful, relaxed and accomodating when I need to deal with them. They gave me free cheques as well. It's only for rent that I need them, and they were more than ready to give me 2 yrs worth of free ones for that.

The only issue I see is when I travel out of province, as it's a provincial credit union; I am very limited in what ATM's I can use.

 

cascadiance

(19,537 posts)
14. Make sure that it is a member of the Co-Op network of Credit unions...
Thu Jan 24, 2013, 02:07 PM
Jan 2013

... that doesn't charge fees for usage of each other's credit unions. Look for the following logo...



I've been dependent on that, having lived out of state from my CU that I had been a member of over 20 years. As noted in another post here, had they switched to a bank, I would have lost that network access, and would have had to switch to another CU...

srican69

(1,426 posts)
17. I am looking out for coop network ..
Thu Jan 24, 2013, 02:10 PM
Jan 2013

a couple of credit unions next to my house require me to be working with one of companies in their list - and I am a freelancer and they wont take me.

u4ic

(17,101 posts)
31. It is
Thu Jan 24, 2013, 02:47 PM
Jan 2013

We have a network in Canada (don't know if it also applies if I travel to the US as well).

I'm sure others who are investigating CU's will find your tip very informative

Atman

(31,464 posts)
9. You looked at a very bad credit union.
Thu Jan 24, 2013, 01:57 PM
Jan 2013

I finally left TDBank when they raised their minimum balance on standard checking to $250. Drop below that and they charge $15. Fuck that. I went to a state credit union...no fees, part of the huge NYCE and SUM ATM network, online bill pay, online account management. The only hassle was having to remember all my old passwords so I could change the automated payments from my old account. Credit Union rocks...you just visited a shitty one. I've never heard of one as bad as what you posted.

srican69

(1,426 posts)
10. this is exactly what I am looking for ..
Thu Jan 24, 2013, 02:00 PM
Jan 2013

I wish there were online credit unions that would make my life even easier..

erinlough

(2,176 posts)
11. 40 years at my CU
Thu Jan 24, 2013, 02:02 PM
Jan 2013

In the past 5 years started to see some very small fees. I had one car loan at a big bank and hated dealing with them, Ive taken all subsequent loans through the CU. I love the personal service, and just about everything else.

 

cascadiance

(19,537 posts)
12. I've been with a CU for over 20 years that recently had management slapped down...
Thu Jan 24, 2013, 02:03 PM
Jan 2013

for trying to convert it in to a bank! Here's where the rules of a CU protect you from a band of corporatists trying to take over them.

http://www.bizjournals.com/sanfrancisco/blog/2012/09/technology-credit-union-bank-conversion.html?page=all

Facebook pages like the following really helped mobilize opposition to this move.

http://www.cutimes.com/2012/07/11/tech-cu-member-launches-facebook-page-opposing-con

I'm thanking them immensely for preventing me the hassle of having to switch to another CU.

 

leftyohiolib

(5,917 posts)
15. why do you want to hear from us about that do you work for a big bank or pr firm for big banks?
Thu Jan 24, 2013, 02:08 PM
Jan 2013

"but boy !! they have fees upon fees upon fees" but you dont mind the fee upon fee upon fee from bank america - how about that practice, for people with little in their checking, of covering the check that has the highest amount on it (no matter when it arrived at the bank) ahead of the smaller amount checks so that all the rest of the check bounce giving you fee upon fee upon fee - but those credit unions fees are outrageous

Lugnut

(9,791 posts)
16. I'll never switch to a big bank.
Thu Jan 24, 2013, 02:09 PM
Jan 2013

My CU charges me $1.00 a month for my debit card. My checks are free. I only have to maintain a $5.00 balance. You need to shop around.

GoneOffShore

(17,356 posts)
19. I'm with NFCU (Navy Federal) used to be Community Service CU
Thu Jan 24, 2013, 02:11 PM
Jan 2013

Excellent service, no fees to speak of unless one doesn't have enough funds to cover a check.

Hated my "commercial" bank. Been with a credit union over 20 years. Love it.

Good luck.

sorefeet

(1,241 posts)
25. 2 years ago I opened
Thu Jan 24, 2013, 02:29 PM
Jan 2013

a savings account minimum $25.00. Well I forgot about it and they sent me a statement, now I have $15.00 in my savings account. I got to go get whats left.

Dawson Leery

(19,348 posts)
27. When it comes to commercial banking, BOA is the worst.
Thu Jan 24, 2013, 02:35 PM
Jan 2013

Look for a Credit Union which has been around for at least 50 years, if not longer.

mcar

(42,698 posts)
28. I've used a credit union for more than 20 years
Thu Jan 24, 2013, 02:43 PM
Jan 2013

for everything - checking, savings, mortgage, car loans. No fees.

Check into other FCUs - that one doesn't sound too good.

apnu

(8,775 posts)
30. My FCU is great.
Thu Jan 24, 2013, 02:43 PM
Jan 2013

I can bank online, little to no fees, they're honest and give a hoot about me. Their customer service people really go the distance. And I'm 4 states away from my FCU, but can still find local FCUs in the same system so I can use ATMs with out crazy fees.

Blue_In_AK

(46,436 posts)
42. Oh, that's ridiculous.
Thu Jan 24, 2013, 04:03 PM
Jan 2013

Surely there's another one around that you could join? My credit union is "by invitation," and at one point was strictly for government-affiliated employees, but all I needed was a member to vouch for me. I've been a member since sometime in the late '70s or early '80s.

klook

(12,209 posts)
33. Been a happy credit union member for decades
Thu Jan 24, 2013, 02:52 PM
Jan 2013

and wouldn't consider switching to a traditional bank. My credit union has very low fees and excellent service. My experience with banks is that they're constantly looking for ways to nickel-and-dime the customer.

Find a CU here: Credit Union National Association

dmallind

(10,437 posts)
34. Nope. Theory is good but WellsFargo experience flawless to date
Thu Jan 24, 2013, 02:56 PM
Jan 2013

Been with them 20 years. Never paid a single penny in fees in the last 12. On my sixth mortgage with them, with two temporarily concurrent ones on two separate occassions, the latter both under 3.5% and arranged by email alone. I get 1% cash back on credit cards, a (tiny) interest on free checking, a very user friendly e-banking interface with instant transfers between several accounts. What's the incentive to leave that?

prairierose

(2,145 posts)
36. My credit union is great....
Thu Jan 24, 2013, 02:56 PM
Jan 2013

savings, free checking, ATM/debit card. They have many investment services . Check all the FCUs in your area and see who has the best services and costs.

I will never go back to going business with banksters.

xxxsdesdexxx

(213 posts)
38. I use Mission Federal Credit Union
Thu Jan 24, 2013, 03:16 PM
Jan 2013

I have only paid when I do things like wire money. Other than that there have been no fees. I think it's a teacher's credit union, but I'm not a teacher and don't have a teacher in the family - I became a member in high school and I don't remember if I got in because I was a student, or just because anyone can get in.

OutNow

(875 posts)
41. My Credit Union is 1,000 miles from my home - no problem
Thu Jan 24, 2013, 03:43 PM
Jan 2013

I've always used a Credit Union for the last 40 years. In the past you had to be an employee of the company that was served by a Credit Union but the rules have changed over the years so that now anyone can join one.

My Credit Union is located in Texas. I moved from Texas to Oregon 6 years ago but still use the same Credit Union. I've had no reason to change. I do all direct deposit, and online bill paying, and free ATMs. I have free checks for the rare occasion that I need to write a check. I can make deposits via the mail, via a smartphone app, or at the physical location of any other Credit Union. If I need to speak to a real person I give them a call.

So, consider joining a Credit Union that provides the service and cost you need and then do all your banking online.

ananda

(29,039 posts)
43. I like my credit union fine.
Thu Jan 24, 2013, 04:05 PM
Jan 2013

It has relieved me of huge guilt regarding banking with the criminal monsters.

moondust

(20,101 posts)
49. Love my CU.
Thu Jan 24, 2013, 04:53 PM
Jan 2013

Highly rated in some CU surveys. Couldn't beat it if I tried. Like anything else, they're not all the same.

MarianJack

(10,237 posts)
51. When I go in, they know my name and family and treat me like a person.
Thu Jan 24, 2013, 05:00 PM
Jan 2013

It's not the only benefit, but it's a biggie!

PEACE!

The Velveteen Ocelot

(116,656 posts)
52. I use a credit union and I've been very happy with it.
Thu Jan 24, 2013, 05:05 PM
Jan 2013

It was originally limited to people who worked for airlines but has lately become authorized to accept anyone who lives in this metropolitan area. Fees are nonexistent to minimal; interest rates on CDs, etc. (while low these days, as everywhere) are better than you can get at a commercial bank; I can get all the services I'd need from a bank, like checking, savings, online banking and bill-paying, loans, ATMs, safe deposit boxes, and financial advisers, and I can always talk to an actual human if I need to. Their service has always been excellent. https://www.wingsfinancial.com/ASP/home.asp

okaawhatever

(9,480 posts)
53. I bank with USAA. (it's a non-profit org for military) Many, many credit unions allow
Thu Jan 24, 2013, 05:14 PM
Jan 2013

people to join that you wouldn't even think about. In my area educators credit union allows people to join if they have children enrolled in school, and they don't ask for proof. Look for national ones, and don't rule out something w/a good plan until you read their rules for membership.

Response to okaawhatever (Reply #53)

socialindependocrat

(1,372 posts)
55. We belong to two - Quick summary
Thu Jan 24, 2013, 05:22 PM
Jan 2013

I did pay a $5 membershit fee to join

I got all my car loans there because they had lower interest rates.

The one I started with in 1974 was for work but it now has offices in the state and allows
non-employee membership.

What I do is go in and ask to have things explained.
If I got pissed because I don't like something I tell them that I don't like something.

I had a bank that said I could only make 3 withdrawals a year from my account.
I told him that on my thrid withdrawal I would take out the balance - Problem solved.

These places make up rules as they go along - all so they can make more money.
Laugh at them when they say something stupid
Tell them they obvoiusly don't want your business and walk out
Tell them that since they increased their auto withdrawal fees that you will go inside
in the future and take the time of a clerk instead of using the machins.

Make up some of your own come-backs and aee how much fun you can have
letting them know they are making stupid policies and you can go elsewhere.

It's fun to watch them stammer when they can't justify the stupidity of their policies.

mike_c

(36,281 posts)
57. I <3 my credit union....
Thu Jan 24, 2013, 05:25 PM
Jan 2013

No or low fees, great service. I've been banking with my CU for nearly 15 years now. It's great. I will NEVER go back to a commercial bank. Member owned is the way to go.

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