Best Credit Unions for the Average Joe! Go!

[Anonymous]

Thanks Finstar. The security issue is not based upon my personal experience, but upon an article shown to me by my banker.

[Anonymous]

Back to OP's question so that the thread isn't derailed, OP what credit union did you finally go with?  Do update the thread with your decision.

[Anonymous]

---

@Anonymous wrote:

Back to OP's question so that the thread isn't derailed, OP what credit union did you finally go with?  Do update the thread with your decision.

---

Thanks Yes-its me. I think that is wise, as I don't find attacking productive here.

Hope the OP finds  credit union that works for him or her.

[FinStar]

---

@Anonymous wrote:

Thanks Finstar. The security issue is not based upon my personal experience, but upon an article shown to me by my banker.

---

Got it.  Would it be too difficult to obtain this article or can it be scanned?  Is it something your banker obtains from BBR or ABA?  If you know, please share.  I have access to those sources + many others.  If the information is privileged (i.e. not to be shared with the public) then that's understandable but most of this information is typically widely available.

And, I understand that you may not be a fan of CUs - perfectly fine.  Others are not fan of banks (large or small) - which is also fine too.  And, then there are those of us who like having a diverse portfolio and have both    The beauty about having a free enterprise is choices.  I think it's good to share experiences just as essential to provide some factual information so that people can make informed decisions on those choices.

And now, we'll get back on topic.

[Anonymous]

Finstar, I'm surprised you haven't read this in the Credit Union Times. It's not the article I referenced previously, but the principle is the same. 

To a large extent, most credit unions do not have the sophisticated defenses necessary to detect a advanced persistent or targeted cyberattack due of lack of investment in the right security technologies. More critically, they lack a well thought out security program that places equal emphasis on all four pieces of an effective security program: People, process, technology and culture.

It is common to find that credit unions pay lip service to security. They tend to be driven more by compliance than security, resulting in a false sense of security and complacency. In most cases, boards and senior management of credit unions don’t fully understand the complexity of cyberattacks.

As a result, they either lack sophisticated cyber security programs, or fail to make sufficient budget and resource commitments to secure IT assets, and protect their customers and business data.

In any event, let's not hijack the OP's thread, shall we? OP please share whatever choice you make and I hope it works out well for you!

[Anonymous]

written by the CEO of a security intelligence firm. Just one opinion though. I am sure there are others, and that is why free chocie is a great thing.

[Anonymous]

---

@Anonymous wrote:

written by the CEO of a security intelligence firm. Just one opinion though. I am sure there are others, and that is why free chocie is a great thing.

---

This will keep the thread of topic.  We can have a debate on it but it will have to be a new thread - on the security aspect.  Lets focus on the creator of this thread with the questions OP asked /needs help with.

[Anonymous]

Thanks! I guess a lot of input is better than none. I respect all of the opinions presented. It will be another year before I make any change to my current banking, I will keep what I've learned today in mind.

Thanks all!!

[Anonymous]

---

@Anonymous wrote:
Thanks! I guess a lot of input is better than none. I respect all of the opinions presented. It will be another year before I make any change to my current banking, I will keep what I've learned today in mind.

Thanks all!!

---

Very good response.  I am sure when the time comes, you will make the best decision.

[Imperfectfuture]

I had the worst experiences with banks. They shuffled around my fixed income direct deposit, so it would constantly overdraft. Since switching to credit unions (though do have a TD Ameritrade account), have never had issue. My main CU, somewhat local to Alaska, wa, and ca, has extreme security measures. And alliant seems fine to me.

I don't need a ton of accounts. When it is time to switch to a higher level of business checking, I will switch to BECU (they are cheaper than Alaska CU, any major banks, and Alliant has no business banking).

With millions of members, these two to three CU'ss haven't had the data worries that seem prevalent with some comments in this thread.

NASA was interesting, but not worth switching or maintaining another account. I do have PayPal for CC business transaction if necessary at this time.

Since switching to CU's, I have never overdrawn a transaction. I earn tons more interest than my sister who does traditional banking. And I have never had to have any card replaced due to a security breach (they must be saving money on me). Generalizations are not applicable.