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My credit union was charging me between $10-20 (cant remember) per day for a 30 cent overdraft ... for a month, and never contacted me or emailed or anything to
by PostOnce 9y ago
My credit union was charging me between $10-20 (cant remember) per day for a 30 cent overdraft ... for a month, and never contacted me or emailed or anything to let me know my account was being perpetually driven further into debt. Not too sure about all this credit union fanaticism I hear about since that incident.
- dragonwriter 9y agoThere are presumably credit unions that suck (and yours sounds like it was one), but overall credit unions are generally superior in customer orientation to banks simply because they don't have a structural conflict between delivering customer value and serving shareholder interests. While the common interest requirements for credit unions have been weakened, the best credit unions are probably ones that still are attached to a strong community of common interest.
- kaycebasques 9y ago> overall credit unions are generally superior in customer orientation to banks simply because they don't have a structural conflict between delivering customer value and serving shareholder interests Can you elaborate on the difference? I.e. why credit union incentives are different than big banks.
- dllthomas 9y agohttps://en.wikipedia.org/wiki/Credit_union https://en.wikipedia.org/wiki/Credit_union > A credit union is a member-owned financial cooperative, democratically controlled by its members[.]