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Reaction to Michelle Obama saying, "For the first time, I am proud of my country"?

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I'm done with banks altogether!

Comment comment by Anonymous on 25 May 2007

The internet banks do have some good interest rates, but you still need to check around. I looked at their CDs rates and they did not beat my Credit Union, Navy Federal.

I have been a loyal credit union member for over 10 years now and I love it. I checked out ING and USAA, but it only encourages me to stay with Navy Federal. ING and USAA are still just banks. But credit union, the rates are great and the philosophy behind credit unions is amazing!!! I just looked at ING's rates.

I just got a 6% CD rate at Navy Federal, why would I want a 5% CD rate at ING. My credit union tries to serve and give back to me all the time like this. I have everything with them, mortgage, car loan, checking, savings and investments.

I live in the DC area and their are several branches and tons of FREE ATMs that I can use. I mostly use the internet to access my accounts, but I can call them anytime of day or go into a branch if I want to and I don't get penalized for it.

Banks waste too much money, especially with the CEO and Board of Director's salaries and bonuses. I just read an article about Countrywide's CEO being limited next year in salary and bonuses to $12 million dollars. That is insane! With credit unions, there is a volunteer Board of Directors who care more about me then about the bottom line.

If you can become a member of a Navy Federal http://www.navyfcu.org or any credit union, do it! Then you will see what I am talking about.

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RE: I'm done with banks altogether! by Brandon :: NR9

I looked up the rates (click on "Savings and Checking Rates" in the top right) of the credit union you referenced and they are lower than those I received at Apple Bank (savings) and ING Direct (checking).

I can see you liking the concept of a Credit Union, but if it doesn't transfer into better interest rates or some other benefit for me (living in Houston), why would I'd choose it over what I described in the post?

Posted 25 May 2007, Hide, Parent, Reply