tag:blogger.com,1999:blog-319775530671726401.post8751455709321382256..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: I'm Not a FAN of $10 Donation to Join A Credit UnionKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-319775530671726401.post-50505888207249779102015-02-26T22:36:38.380-05:002015-02-26T22:36:38.380-05:00what if i do not get the card, am can i get money ...what if i do not get the card, am can i get money 10 bucks back>?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-79003733680115070002011-05-17T11:05:50.173-04:002011-05-17T11:05:50.173-04:00"Everything the bank has?" Do banks have..."Everything the bank has?" Do banks have a 12.25% limit on business loans? Do banks have a prohibition against giving directors special loan benefits that are not available to the general public? Are the banks paying special assessments to cover the costs of failed banks? The answer to these questions is NO!!!<br /><br />Will the bankers allow credit unions full authority and powers if credit unions pay full corporate taxes? Even then banks will have the S Corp status option that will not be available to taxpaying credit unions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-71554974187177473032011-05-16T14:34:46.659-04:002011-05-16T14:34:46.659-04:00to anonymous above, you're kidding right? join...to anonymous above, you're kidding right? join a different church or move to new neighborhood to enable joining is the SAME as being handed a slip of paper to sign and paying 10 bucks.<br />credit unions are cheating on field of membership rules (according to credit unions of all sizes who have shred this fact openly) because their fields are still highly restrictive..."i want everything the bank has but I dont want to pay taxes!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-70976620460587660212011-05-16T09:48:59.563-04:002011-05-16T09:48:59.563-04:00In many ways credit unions are open to the general...In many ways credit unions are open to the general public. If a member is interested and motivated enough in joining a particular credit union they can get a job at a sponsor company, move to a geographic area the CU serves, or join a church in the area. Additionally, they can join through eligible family members. The point being that credit unions shouldn't be exclusive clubs (as much as many bankers would like); they are open to people of a common bond. This is another example of a common bond.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-26622765176114527652011-05-16T09:23:35.710-04:002011-05-16T09:23:35.710-04:00While the associational common bonds are permissib...While the associational common bonds are permissible, they are being abused by some credit unions as a ruse to make membership open to the general population. This seems to me to violate the spirit of what is a credit union.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-23107643774559311712011-05-16T09:15:33.334-04:002011-05-16T09:15:33.334-04:00You act as if this is the first time you have seen...You act as if this is the first time you have seen this creative way to open-up membership eligibility. Why are you so worked-up over it? While I can't say for certain, it seems like a great way to meet two goals: expand membership (focus on growth, which is good for everybody) and promote financial literacy (good for the community).Anonymousnoreply@blogger.com