ST Alpha - "you know what happens when you take your money out of a bank and put it in a credit union? It goes into a bank" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 151

you know what happens when you take your money out of a bank and put it in a credit union? It goes into a bank

Posted by zeitgeist Oct 19 '11, 18:00

cause you see credit unions operate like middleman between the wholesale supplier and you. Its like they bundle it into one huge account.

that's why ccu's have odd routing numbers for your account for deposits and a slightly different one for checks.

Responses:

I have my own money bin. -- nm - Scrooge McDuck Oct 19, 18:07 1
- Yeah but you know Launchpad McQuack so there's that. -- nm - Qale Oct 19, 18:37
I'm not sure that's the point, where your money ends up. The point is that credit unions are non-profit, customer-owned, and charge fewer fees. -- nm - mara Oct 19, 18:04 5
- as I've shared here before, that last one isn't necessarily true. my c.u., for one, has become comparable to banks fee-wise, unfortunately. -- nm - b. Oct 19, 18:23 1
  - I'd so move right on to the next one. -- nm - Qale Oct 19, 18:38
- All of which are valid points. If you are switching to a credit union to "take a stand" against banks, his point is valid. - Fuzzy candy corn in the bottom of the bag Oct 19, 18:13 2
  - But the stand I'm taking is that I don't want to pay fees to a greedy, for-profit corporation that overpays its executives. -- nm - mara Oct 19, 18:22 1
    - Which is absolutely valid. But don't kid yourself -- the major banks are still making money off of you in other ways behind the scenes. -- nm - Fuzzy candy corn in the bottom of the bag Oct 19, 18:24
any sourcing on this? i would like to learn more. thanks. {nm} - Banzai! Oct 19, 18:02 1
- thingszeitgeistbelieves.com -- nm - poxie Oct 19, 18:03

Post a message top

you know what happens when you take your money out of a bank and put it in a credit union? It goes into a bank

Replies are disabled on threads older than 7 days.