JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,702
All CUs are not created alike. I was recently a member of 3 different CUs at once. All were completely different. I had to fire one of them because they simply would not offer any rates on savings or CDs close to market.
The second CU was acting much like a bank. Their gimmick savings account which required 30 debit card transactions per month really ticked me off. I took out a couple hundred thou and put it in Ally and let both the CEO and a few board members know. They recently changed some of their savings rates based on this feedback from me and many other members. Working with board members on a CU actually means something and usually has an impact.
The third CU is all about members and is where most of our cash is (aside from Ally bank). No gimmicks, just member service and fair rates. The way it should be.
The second CU was acting much like a bank. Their gimmick savings account which required 30 debit card transactions per month really ticked me off. I took out a couple hundred thou and put it in Ally and let both the CEO and a few board members know. They recently changed some of their savings rates based on this feedback from me and many other members. Working with board members on a CU actually means something and usually has an impact.
The third CU is all about members and is where most of our cash is (aside from Ally bank). No gimmicks, just member service and fair rates. The way it should be.