SDFCU rocks--why I subscribe to long term strategy

[SouthJamaica]

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@baller4life wrote:

My SDFCU thread below. Very happy with them:

http://ficoforums.myfico.com/t5/Personal-Finance/SDFCU-Person-Loan-Check/m-p/4796221#U4796221

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Inspired by OP I went and applied for membership.

They actually turned me down because I didn't satisfy their "identification" score, and said I have to come into a branch personally to join.

I think I"ll pass.

[arizonahd]

I am thinking about joining, that sounds like a great deal.

So, do you have to have the checking/savings account with them to get the offer? WF currently owns my soul in that department. 

[Gmood1]

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@arizonahd wrote:

I am thinking about joining, that sounds like a great deal.

So, do you have to have the checking/savings account with them to get the offer? WF currently owns my soul in that department. 

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You need a shared savings account. I only had a $1 in it for the last year. lol

[baller4life]

+1. Only share savings. I had $5 in it. 😃

[Namaste7]

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@baller4life wrote:
+1. Only share savings. I had $5 in it. 😃

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I am another one who did not make a large initial deposit. I had reservations about joining SD knowing the CU is highly, conservative. Fortunately, I've really grown to like them. I'm considering stashing a few more dollars to enhance the relationship and, like OP, I'm seeking a long-term relationship.

[Anonymous]

Congrats!  36 months unsecured at 6.99% is certainly nothing to balk at.  With a little effort someone could get 10-15+% in return so there you go.  Take the check, and go look into lending robot.

[peghede]

@ SouthJamaica, same thing for me back in june this year. this cu fail.lol

[longtimelurker]

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@Anonymous wrote:

Congrats!  36 months unsecured at 6.99% is certainly nothing to balk at.  With a little effort someone could get 10-15+% in return so there you go.  Take the check, and go look into lending robot.

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But presumably not without some risk as otherwise for-profit institutions wouldn't have loans at less than this.

[SouthJamaica]

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@peghede wrote:

@ SouthJamaica, same thing for me back in june this year. this cu fail.lol

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Better not to get involved with people that dumb. The way I look at it, if an organization is that stupid, it will come back to bite you someday if you get in deeper with them. I just take something like that as a warning from above.... stay away

[peghede]

Don't stay away, run away and never look back.