topic Re: What Do you think of the local CU in Credit Cards

What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 01:15:47 GMT

What is your thought on the smaller local credit union. Yesterday I joined the CU down the street from my house. The reason for joining was because I wanted to start putting money away for a vacation. When I was doing this they said that they offered a credit card if I wanted to apply. I was to chicken too apply. But I was thinking of taking the chance and applying for the card. Will the small CU be as generous with a CL. Also the APR is 12% fixed and has been the same for 20 years.

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 02:34:44 GMT

Many here have written of being members of small local CUs and enjoying the personal service they provide. I'm sure some of them will be along soon to comment.

Keep depositing into that account even after the vacation is over!

Re: What Do you think of the local CU

Imhotrodcrazy — Thu, 16 Apr 2009 03:16:33 GMT

Hi, I just joined a local credit union myself last month. The are friendly, helpful and very close to my home. They treat me better than wamu, ( chase ), does. I am going to close out my checking acct with wamu and move to the credit union. On another note, I dont like the way things are going with the banks. I will feel better with my money at the credit union. It is still privately insured for up to $250,000. Hope this info helps.

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 09:11:57 GMT

I joined my local credit union about a year ago and I absolutely love them. They have a branch about two blocks from my house that they just built. I live in a small town and the only other bank in town is a Bank of ScumAmerica. I hate BosA. My credit union really has a way with costumer service. Every time I go in they say hello to me by name. We chat about the news or the weather for a few seconds and I'm on my way. They did deny me a credit card though because of my BK, but I havn't yet talked to them about a secured card or some other way of establishing credit with them. That will come soon. They even have free coffee, tea, and cookies in the lobby

You just can't beat your local cu for personal service and friendliness (and Oatmeal Rasin cookies).

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 10:02:38 GMT

I live in a poor county and the credit unions (and banks) know it and treat the customers with suspicion. I prefer to bank away from home.

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 10:13:47 GMT

@Anonymous wrote:
I live in a poor county and the credit unions (and banks) know it and treat the customers with suspicion. I prefer to bank away from home.

I too live in a poor county, in fact the poorest county in my state. I was always under the impression that my local cu was for the snobs and rich people who lived on the hill (if you know what I mean). I was pleasantly surprised to find out this wasn't the case. I am treated just like anyone else there (I think). Even when I cash my puny paycheck!

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 10:42:04 GMT

@Anonymous wrote:
@Anonymous wrote:
I live in a poor county and the credit unions (and banks) know it and treat the customers with suspicion. I prefer to bank away from home.

I too live in a poor county, in fact the poorest county in my state. I was always under the impression that my local cu was for the snobs and rich people who lived on the hill (if you know what I mean). I was pleasantly surprised to find out this wasn't the case. I am treated just like anyone else there (I think). Even when I cash my puny paycheck!

The CU's that stand out for exceptional service or products are nowhere near my county (or state). The only time I have ever needed a local financial institution that was available for me to walk in was when I was not managing my money well. I much prefer to have a distant rlationship these days to avoid those bad memories.

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 22:23:16 GMT

Thanks for all the great responses. I went ahead with the credit card application. I gave it to them before work and they called back @ 4 and let me know I was approved. I decided not to take the card because i was hoping for a higher CL. I may call back on monday after thinking about it this weekend and take the card anyway. If I do take the card will a card like this grow with me in the next couple of years?

Re: What Do you think of the local CU

haulingthescoreup — Thu, 16 Apr 2009 22:31:23 GMT

Congrats on the offer!

No telling with individual lenders, but I would think that it should grow with you. You might ask them if there is a ceiling on it or anything.

Many CU's start out conservatively --after all, they're lending fellow members' money, and they're required to be careful --but once they get to know you, they tend to be much more generous than commercial banks.

Re: What Do you think of the local CU

Anonymous — Thu, 16 Apr 2009 22:34:46 GMT

Ok that is good to hear. I hope that I can still accept that offer on monday. The lady that was helping me has tomorrow off.

Re: What Do you think of the local CU

Anonymous — Wed, 22 Apr 2009 16:28:53 GMT

I LM for the LO and she called back today and said that she will send me out my new card. The card has a 12% fixed rate for cash advances,BT and purchases. But it does not have any kind of rewards. I feel pretty good about the card. Thanks for all the great help.

Re: What Do you think of the local CU

MidnightVoice — Wed, 22 Apr 2009 17:18:38 GMT

I am a member of my small, local credit union and I am very pleased and happy.

And they have money to lend!!!

Re: What Do you think of the local CU

Anonymous — Thu, 23 Apr 2009 01:54:00 GMT

When should I ask for my first CLI? I was thinking maybe asking six months out.

Re: What Do you think of the local CU

Anonymous — Thu, 23 Apr 2009 03:10:21 GMT

We joined the SF Fed CU about 15 years ago & they're absolutely fantastic! They have the kind of friendly, personal service that I would never expect to find in a larger bank. Their CC terms & rates are excellent besides-I just wish it had ocurred to us to check into their card 15 years ago as well, instead of last month.

I've got to go on just a little about their CCs: 5.25%-11.5% APR, $15,000 or $25,000 CL, 1% BT fee, unbelievably low fees (which I'll never need, Dios willing), like: late fees, cash advance fees, overdraft fees.

Really, the thing I love most on top of their excellent service, loan & CC rates, is that every time I deal with them I'm dealing with human beings & not unfeeling droids reading from party-line scripts. If I need to speak to the department manager I don't get any argument. (I'll always remember the Chase CS rep who replied, "That's not neccessary.")

You can't go wrong with a neighborhood CU.

Re: What Do you think of the local CU

Anonymous — Thu, 23 Apr 2009 03:23:04 GMT

My local credit union is garbage and the only good thing about them is that they have free parking in front. I joined the garbage who pulled EQ and applied for a car loan for $25K I was instantly approved but they want me to have a cosigner with a 757 fico. I told them screw it and since they pulled my Fico already just give me a credit card and in response they insulted me by offering me a $500 CL credit card which I declined.

Never again

Re: What Do you think of the local CU

haulingthescoreup — Thu, 23 Apr 2009 03:24:54 GMT

Oh dear, well, nothing is perfect, I guess. Sorry you have a turkey.

We have so many CU's in our area that the competition is downright bloody, and the consumers benefit.

Re: What Do you think of the local CU

brother7 — Thu, 23 Apr 2009 08:59:28 GMT

There are quite a few CUs on the island of Oahu. After doing some research, I joined one in February that has 3 physical branches, all in places that I normally go to. Their service is nice and friendly. Love the free BillPay!

The only think that bugged me is that when I joined, they paid 1% on their checking account. Then in April, they reduced it to 0.25% Oh well. They adjust quarterly so maybe it'll go back up in the future.

Re: What Do you think of the local CU

krielly — Thu, 23 Apr 2009 13:33:53 GMT

Our CU financed two vehicles for us in the last year and 1/2. One for 11.75% and the other 11.25%.

The interest rate may seem high to most until you realize the REAL kicker here is that both occured while we were in active Chapter 13.

I'm very impressed, and will continue to re-establish with them in the future.

Message Edited by krielly on 04-23-2009 06:33 AM