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From the article:
ReplyDeleteBottom line: Despite rising overdraft fees, credit unions still tend to be the best bet for consumers...
Thanks Keith!
Used to be that "we are not for profit and unlike banks, we don't fee!"
ReplyDeleteNow it's, we can't make a profit, so you gotta pay us fees!
Versus Banks at a median of $30. The last sentence of the article must be mentioned: "The worst offenders when it comes to overdraft fees are still the big banks. The Moebs Services study showed that financial institutions with over $10 billion in assets charge a median overdraft fee of $35, compared with just $25 by those with assets under $100 million."
ReplyDeleteVery good. You can cut and paste.
DeleteDoes it make you feel better?
Credit unions ARE banks.
No, credit unions aren't BIG banks.
Credit unions are just like community banks.
Small credit unions (<$100million?), are unique to themselves. After that, it's community banks and credit unions versus big banks.
Yes, I can cut-n-paste. Here is another: "The Justice Department said on Thursday that it had so far recovered nearly $37 billion from big banks for their role in selling shoddy mortgages before the financial crisis."
Delete"...the latest, and largest, mortgage settlement. Bank of America has agreed to a $16.65 billion deal with federal and state authorities."
"Such a large number — intended to deter misdeeds in the future — suggests that Wall Street is being made to pay for its role in stoking the subprime debacle."
What is your point?.. because some banks do things the wrong way for whatever reason does not mean ALL banks are bad. Just like a credit union. You may find some bad ones but that should not take away from the good ones.
DeleteHow much did matz say ncua had to borrow from treasury?
DeleteOh yeah, $26billion.
How much has been repaid? At the end of the process, how much will taxpayers pay? ZERO. Less than what the 1990s era bailout of banks cost taxpayers.
DeleteTaxpayer bailout or "credit unions wouldn't exist today".
DeleteFDIC didn't borrow.
TARP paid back with huge profit.
You keep wanting this to be bank versus credit union.
Remove the Cuna mind melt.
That's cuna's mantra.
If you are a cu, you need a different mantra, bc that one is a LOSER.
It hasn't helped credit unions increase awareness or market share which is still about 5-7% of us deposits.
It HAS helped Cuna remain in control of our movement and our money, which they waste lobbying a congress that keeps taking money from us and banks and leaves us with more regulation and no relief.
Look in the mirror and repeat after me, "until I stop the insanity, nothing will change. I'm joining navy, pentagon, Texas Dow, jscFCU and others and stopping the madness.
No more Cuna, no more member money for congress. Until then I am PART oF THE PROBLEM"
Could care less about CUNA. Do care about my CU. You should stop worrying about the tiny 5-7% market share and focus on the 93-95% of what does matter to you. Leave us alone - we're good.
DeleteSince the Intranet and technology have decreased the margins between deposits and loans, how are financial institutions supposed to make money? Besides overdraft fees are easily avoidable. Don't use your ATM/Debit card or write a check if you do NOT have the money!!! Simple as that.
ReplyDelete