TheGrunt Posted October 2, 2011 Share Posted October 2, 2011 Wow. I'm so happy I just switched to USAA Credit Union. Quote Link to comment Share on other sites More sharing options...
loaf Posted October 2, 2011 Share Posted October 2, 2011 UPDATE: A Citibank spokeswoman said customers can avoid the fee by opting for a “basic” checking account, having at least one direct deposit made into it each month, and making at least one automated bill payment from the account monthly. I don't have a citibank but I do do this with Chase Quote Link to comment Share on other sites More sharing options...
BeeR Posted October 2, 2011 Share Posted October 2, 2011 Wow. I'm so happy I just switched to USAA Credit Union. Yep I again wonder why everyone doesn't belong to CUs vs banks. Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted October 2, 2011 Share Posted October 2, 2011 Yep I again wonder why everyone doesn't belong to CUs vs banks. Don't you have to pay some kind of a subscription fee to belong to a Credit Union? And if so, isn't that the equivalent of the types of fees that people are upset about and trying to avoid? Quote Link to comment Share on other sites More sharing options...
BeeR Posted October 2, 2011 Share Posted October 2, 2011 Nope. Not mine anyway. Don't mean to speak for all, just have belonged to several w/very minimal fees, generally. Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 2, 2011 Share Posted October 2, 2011 Don't you have to pay some kind of a subscription fee to belong to a Credit Union? nope Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted October 2, 2011 Share Posted October 2, 2011 Credit Unions rock - at least mine does. I still use it as my primary account even though there are no branches in the new state I live in. They call me when rates drop to see if it is OK to lower my loan payment - no fees attached. Ever had a bank do that? We've taken all of our loans through this CU, even though my wife has always worked for banks. A phone call and a fax and they'll have you a check for an auto loan in two hours. Will never give that up. Oh, and no - there are no fees - even account end ATM fees when using abother bank's ATM. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted October 2, 2011 Share Posted October 2, 2011 Credit Unions rock - at least mine does. I still use it as my primary account even though there are no branches in the new state I live in. They call me when rates drop to see if it is OK to lower my loan payment - no fees attached. Ever had a bank do that? We've taken all of our loans through this CU, even though my wife has always worked for banks. A phone call and a fax and they'll have you a check for an auto loan in two hours. Will never give that up. Oh, and no - there are no fees - even account end ATM fees when using abother bank's ATM. I think the only real disadvantage of CUs is their individual lack of wide presence e.g. ATMs but that can be compensated for by a bit of forethought and planning. If Wells Fargo makes me pay a red cent more than they do right now, I'll be joining the CU search too. I don't need WF as much as they need me. Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted October 2, 2011 Author Share Posted October 2, 2011 This is my first time with a credit union. In terms of little to no fees and great customer service, I can see why CU's are awesome. However, the downside seems to be that I can't just walk into a nearby CU and take some cash out. I have to use an ATM, which of course has a $300 limit (although I know I can probably change that). So for those of you that have been with a CU for awhile - how do take take cash out, for example, if you need more than usual for like a vacation or something? Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 2, 2011 Share Posted October 2, 2011 This is my first time with a credit union. In terms of little to no fees and great customer service, I can see why CU's are awesome. However, the downside seems to be that I can't just walk into a nearby CU and take some cash out. I have to use an ATM, which of course has a $300 limit (although I know I can probably change that). So for those of you that have been with a CU for awhile - how do take take cash out, for example, if you need more than usual for like a vacation or something? I'm confused, I've never had any problems withdrawing cash. (Of course, I normally just use ATMs and I can't remember ever needing to withdraw more than $400 at a time.) Can't you just write a check out to "cash" to get money out? Why wouldn't they let you withdraw money? Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted October 2, 2011 Author Share Posted October 2, 2011 I'm confused, I've never had any problems withdrawing cash. (Of course, I normally just use ATMs and I can't remember ever needing to withdraw more than $400 at a time.) Can't you just write a check out to "cash" to get money out? Why wouldn't they let you withdraw money? What I mean is how there are Bank of Americas everywhere. So, heh.. Like, if I'm going to Vegas for a weekend I might takeout $1,000 or so and it's easy because I can just walk into the bank and get the money. As for checks.. Not sure. I do know USAA has an app that allows you to deposit checks simply by taking a picture of it. Saves the hassle of driving... I guess I'm just trying to see if there are any downsides to a CU. Thus far, it seems like there is no comparison and people are silly or lazy if they stick with the BofA, Chase, Citi banks that were all bailed out and plan to nickel and dime their customers. Heck, I was lazy for waiting this long to make the switch. Gotta thank BofA for giving me the last push to finally get out the door and never look back. Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 2, 2011 Share Posted October 2, 2011 What I mean is how there are Bank of Americas everywhere. So, heh.. Like, if I'm going to Vegas for a weekend I might takeout $1,000 or so and it's easy because I can just walk into the bank and get the money. I guess I still don't get why this is a problem--you can use any ATM that you want (and some credit unions reimburse you for using other banks' ATMs). And you can use your debit card to pay for stuff that require cash. At worst, take out $300 per day for 3-4 days before you go on your trip. Then you can still use your ATM to get another $300 per day and use your debit card to pay for other things. (If you are blowing $1500+ dollars on a 3 day Vegas trip on things that you need to pay cash for, then I would say that perhaps you need to limit your use of drugs and hookers.) Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted October 2, 2011 Author Share Posted October 2, 2011 I guess I still don't get why this is a problem--you can use any ATM that you want (and some credit unions reimburse you for using other banks' ATMs). And you can use your debit card to pay for stuff that require cash. At worst, take out $300 per day for 3-4 days before you go on your trip. Then you can still use your ATM to get another $300 per day and use your debit card to pay for other things. (If you are blowing $1500+ dollars on a 3 day Vegas trip on things that you need to pay cash for, then I would say that perhaps you need to limit your use of drugs and hookers.) +1 Vegas can get intense. Don't judge me. Quote Link to comment Share on other sites More sharing options...
twiley Posted October 2, 2011 Share Posted October 2, 2011 Don't you have to pay some kind of a subscription fee to belong to a Credit Union? And if so, isn't that the equivalent of the types of fees that people are upset about and trying to avoid? Nope Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted October 3, 2011 Share Posted October 3, 2011 Don't you have to pay some kind of a subscription fee to belong to a Credit Union? And if so, isn't that the equivalent of the types of fees that people are upset about and trying to avoid? Nope. Not mine anyway. Don't mean to speak for all, just have belonged to several w/very minimal fees, generally. nope Oh, and no - there are no fees - even account end ATM fees when using abother bank's ATM. Nope Wow! This genuinely surprises me... I will definitely be looking into a Credit Union if Wells Fargo tries any of their experimental fees on me. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted October 3, 2011 Share Posted October 3, 2011 Wow. I'm so happy I just switched to USAA Credit Union. socialist Quote Link to comment Share on other sites More sharing options...
twiley Posted October 3, 2011 Share Posted October 3, 2011 Wow! This genuinely surprises me... I will definitely be looking into a Credit Union if Wells Fargo tries any of their experimental fees on me. Yeah, I think someone already mentioned it too but my CU reimburses me any fees that I'm charged for using out of network ATMs. I think there's a limit though - 5x IIRC Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 3, 2011 Share Posted October 3, 2011 Yeah, I think someone already mentioned it too but my CU reimburses me any fees that I'm charged for using out of network ATMs. I think there's a limit though - 5x IIRC I have a $15 monthly reimbursement limit. Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted October 3, 2011 Share Posted October 3, 2011 Are CU deposits federally insured just like banks? Quote Link to comment Share on other sites More sharing options...
Big John Posted October 3, 2011 Share Posted October 3, 2011 Are CU deposits federally insured just like banks? They are federally insured, but under a different agency. NCUA Quote Link to comment Share on other sites More sharing options...
CowboyGal2011 Posted October 3, 2011 Share Posted October 3, 2011 I guess I'm just trying to see if there are any downsides to a CU. Lending requirements are generally more by the book, and their clientele are generally more informed and better with their money. Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted October 4, 2011 Author Share Posted October 4, 2011 Lending requirements are generally more by the book, and their clientele are generally more informed and better with their money. Isn't that just another upside to CU's? Quote Link to comment Share on other sites More sharing options...
Big John Posted October 4, 2011 Share Posted October 4, 2011 Isn't that just another upside to CU's? I think that is what she meant. Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted October 4, 2011 Author Share Posted October 4, 2011 I think that is what she meant. Quote Link to comment Share on other sites More sharing options...
CowboyGal2011 Posted October 4, 2011 Share Posted October 4, 2011 If you have bad credit, or are not financially sound, that would be considered a downside assume. Quote Link to comment Share on other sites More sharing options...
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