21–30 of 92 posts
Earlier quoted context omitted.
My issue with Credit Unions is that they don't offer stuff like current accounts, atms etc, are really open, are exceptionally slow at allowing you withdraw. That's just my experience, but I don't think you could actually bank with a credit union, which is what I'm trying to get at
What is a 'current account'?
Perhaps its the legislation or financial overseer institutions that make banking pure hell? Banks are required to for example know their customers before giving them accounts, and can be held responsible for money or shady laundering. Im all for the idea anyway but lets talk real, how would it work? It has to be for profit else its not a business but a welfare whixh the banks will go to for bailouts next. Owned by al…
I can get cash from any participating atm or just cash back at a groceries. I have a saving and a checking account. I had two loans with them. First loan was a 15k one I paid off and currently I have a 25k loan with them. The interest rate is pretty low.
I usually just pay via credit card to get points and use my CU to pay the credit card bill.
I think my CU addresses every single point on your bullet list except for mobile first. But I usually just use a credit card by proxy.
One negative thing about CU is just the fact that they're selective on membership.
If you haven't watched "Bank Of Dave" you really should check it out. Basically this guy setup a 'bank' and the show documents all the troubles throughout the process and the hoops he had the jump through to open. Check it out. http://www.channel4.com/programmes/bank-of-dave
I'm a software developer, glad to spend some of my time in this project: rodrigosetti [at] gmail [dot] com
My credit union is in the US and I have 2 checking accounts, savings accounts, auto loans, etc through them. I can use any shared branch ATM for no fee too. I have had several credit unions in the past and they have all offered everything you said they dont in your posting.
I have a CU in USA an it's pretty good to me so far so I'm satisfy with it. I can get cash from any participating atm or just cash back at a groceries. I have a saving and a checking account. I had two loans with them. First loan was a 15k one I paid off and currently I have a 25k loan with them. The interest rate is pretty low. I usually just pay via credit card to get points and use my CU to pay the credit card bil…