Comments on: Dorothy Goes Down Yellow Brick Road To Credit Union

By: chicago sam

chicago sam — Sun, 18 Dec 2011 18:27:03 +0000

I am pretty sure Nampa’s banking at Well’s Fargo. There could be an unintended upside to banking with local credit unions or state chartered banks.. FDIC only covers the first $250,000 while most local cities and counties have balances in the millions. If money was spread between several institutions would be safer in case of default and there are plenty of institutions on the endangered list

By: dh

dh — Sun, 18 Dec 2011 18:13:05 +0000

Local CUs are the only way to go. I first joined the INGFedCreditUnion in 1970. Stayed with them until 2008 after they merged with another CU and we no longer knew everyone in the organization. Have been with ICCU since then and couldn’t be happier. I see no reason to give regular banks and bankers anything beyond what they get from us using our CU provided, now almost mandatory to have, credit cards. Seems to be a simple solution to us.

By: Branden Durst

Branden Durst — Sun, 18 Dec 2011 04:00:03 +0000

Locally charted banks tend to be good as well, but I have always been a fan of CUs. I have both CU and locally charted bank accounts.

I also really like chicago sam’s idea of requiring all state and municipal funds be in a local financial institution. I’m not totally certain as to where the State of Idaho banks, but I don’t believe it is with a locally charted bank and I know for a fact it isn’t a CU.

By: Fitzgerald

Fitzgerald — Sat, 17 Dec 2011 23:03:31 +0000

Something everyone should consider is limiting the use of credit and debit cards. The .5% rewards programs offered by the major credit cards results in a 2-3% fee for the businesses credit cards are used in. These fees are in essence a big bank tax that make goods and services more expensive and shifts wealth out of local economies and back to the big banks. Stop using those cards! Go back to cash and spend it locally.

By: Loser Emeritus

Loser Emeritus — Sat, 17 Dec 2011 12:56:52 +0000

Not being able to afford the Dave Ramsey program, I just listen to his radio program and concluded that to eliminate debt, you have to pay them off! Paying 500 per month to eliminate a credit card balance is not fun; but it’s the only way to be free. Then change spending habits to stay debt free.

By: Long Time Resident

Long Time Resident — Sat, 17 Dec 2011 02:32:14 +0000

Was that Wells Fargo or Home Federal by any chance?

By: Rod in SE Boise

Rod in SE Boise — Fri, 16 Dec 2011 20:44:44 +0000

If you do business with any of those big banks that got bailed out, stop. Move your money.

By: Kappa TA

Kappa TA — Fri, 16 Dec 2011 19:42:28 +0000

I too am sticking with my credit union and slowly winding down so-called services from my bank, which has misplaced my meager savings account and charged me fees repeatedly for its errors. This bank is now shutting down a couple branches and laying off people after over-building new branches, dropping services and hiring too many inexperienced tellers that come and go monthly. No more credit cards for me either. Disclaimer: my brother in Florida is a bank v.p. in charge of seven branches, but I still love him.

KTA

By: chicago sam

chicago sam — Fri, 16 Dec 2011 18:45:38 +0000

What better way to support our local economy than thru a credit union that is part of the community. I would advocate cities, county’s and State funds should be deposited in local institutions also.

By: Zippo

Zippo — Fri, 16 Dec 2011 18:25:57 +0000

Also, all the brain damaged global warming America hater people are making things worse for Dorothy too. Please people, get a real religion, please! It’s all just a consumer energy-use taxing scam. More money for the big spenders to play with.

http://www.foxnews.com/scitech/2011/12/16/complicit-in-climategate-doe-under-fire/