My first checking account was one that my parents set up at a credit union. Prob 15 years ago and tbh i hardly used it. Now after banking with Wells Fargo, Chase, TD bank and Citi( the only bank ive has no real issue with) i recently hunkered down with the Credit union after getting tired of some of the shady fees ive encountered over the years. I still keep Citibank as an Emergency account. But 90% of my funds flow through the credit union and honestly i feel dumb for not just sticking to it. Guess i had to learn the hard way.
There are also shared branching, if your credit union participates in it you can go to any participating credit union and do the basic transactions as if you were at your local branch. Also, Co-op atm system for credit unions is national with no fee.
Many good points however, many incorrect statements. Possibly TH-cam: best credit unions or top CUs to see get some better insights. I'm a NavyFed, DCU and PenFed member however, there are a few "better" ones depending on what people are looking for or regional benefits/access.
Só here’s a 21 year old trynna to do well in society ! & I found this video very helpful if anybody has tips on how to save your money or get other ways for incomes/cash flow please let me know, very eager to do well in the future
My Credit Union does not have any of those qualifications. It's open to anyone. Here in Texas. There are the one are made for different State Jobs and others.
My Credit Union does not charge you to have an Account with them or to have a certain big Balance. I only need to keep $25.00 in the Account. That is why I'm with them. And I do have CDs and get paid interest on my Money.
Thanks a lot for the great information and comparison. I do not mind a lot driving 20 miles to my credit union. In my banking life, I had to used two banks services, one of the wellfargo and the other chase because I had to, but changed in the speed of light a soon as I was able to do so.
Thanks, great TH-cam! I’ve been with credit unions for the last 40 years or so. I agree that it’s been much better than using banks. That said, there have been recent problems I’ve run into. I backed the trucker protests, first in Australia, then Canada, then USA. Using my VISA, I contributed to each protest to help defray lost wages & unreimbursible costs. This put me on the “bad boy” list at VISA, which trickled thru to the credit union itself. I receive very childish behavior w/ Visa. I don’t know if the VISA unit is actually part of the CU, or part of VISA. The treatment there @ VISA has made me want to shop around, but I wonder if I’d get the same thing at a different CU. Any thoughts and/or recommendations?
Hello, I’m having a little issue with my RBC bank account right now and I thought you could help me. Basically I made a large transfer and got blocked couple of days later. It’s been a month since I’ve been trying to fix the problem now and eventually she told me, she’ll only allow bank transactions for 6 months. So i won’t have access to my online banking or card for 6 months. I realized I can’t just open an actual in another big bank because it would just end up the same. Because apparently the other banks and the government can see everything!!! So I was thinking about opening a credit union account but I do not know if the same issue will occur. Can the credit union I will sign up for have access my Rbc situation? and do u have any suggestions for me? Please and thank you
It depends. Credit unions are very local. Navy Federal and PenFed are two main credit unions that have national reach. My recommendation is look at a credit union's financial statements and check that their asset size is at least nine figures. It means they're more established and can offer more and better services
I worked at credit unions for 45+ years, thank you for your explanation.
That is amazing Kathy!! I've met only good people that work at credit unions! Thank you for watching!
I took my money out of my bank and joined a credit union...best decision ever
I switched to a credit union years ago, after Wells Fargo bought out my bank. I have not looked back. ❤️ my credit union!
Awesome! Love to hear it Diana! They are the best 👍
Credit union are the Best! ♥️ Been with them 2016 long time also got approved for Credit loan!! 🙂🙂
Love it! And agree!
My first checking account was one that my parents set up at a credit union. Prob 15 years ago and tbh i hardly used it. Now after banking with Wells Fargo, Chase, TD bank and Citi( the only bank ive has no real issue with) i recently hunkered down with the Credit union after getting tired of some of the shady fees ive encountered over the years.
I still keep Citibank as an Emergency account. But 90% of my funds flow through the credit union and honestly i feel dumb for not just sticking to it. Guess i had to learn the hard way.
Great video, I enjoyed filming my credit union vs banks video!
Nice! I see you just started a finance channel. Best of luck. Enjoy the journey :)
There are also shared branching, if your credit union participates in it you can go to any participating credit union and do the basic transactions as if you were at your local branch. Also, Co-op atm system for credit unions is national with no fee.
These are awesome tips Kathy!! Thanks for sharing!
nice video man, really helpful keep it up you are good at this
Thanks Renan! Definitely lots more to come!
thank you sir. , like you the reason make my stress easy , i wish for you successful and happy life
glad I could help!!
Thanks I truly appreciate you creating this video as it helps me with my decision on who to bank with.
Super glad to hear!
Many good points however, many incorrect statements. Possibly TH-cam: best credit unions or top CUs to see get some better insights. I'm a NavyFed, DCU and PenFed member however, there are a few "better" ones depending on what people are looking for or regional benefits/access.
True it all depends on what the person needs
When I found out I qualified for Navy Federal, I Ran to them. lol. And their software is very similar to the big banks so, I'm more than happy
Só here’s a 21 year old trynna to do well in society ! & I found this video very helpful if anybody has tips on how to save your money or get other ways for incomes/cash flow please let me know, very eager to do well in the future
Subscribe and watch my backlog of vids! 🔥🙌
Very good video: complete, concise, clear. I gave it a "Like." Thanks!
Thanks RS!!
What will happen to the credit union if the money go digital in the big bank ? Will they have ESG?
I've never been to my " Bank". I usually work at a local credit union and open an employee account while stationed there.
Credit Unions. In every single way they are better.
I'm right there with you!
My Credit Union does not have any of those qualifications. It's open to anyone. Here in Texas. There are the one are made for different State Jobs and others.
Can you have a big bank account and cridit union account?
You definitely can!
Credit unions were not very helpful for me me either building business. They didn’t offer business bank account options to start
Local community banks are best for business. Always tie your loans to several banks, so you can swish around the credit.
Thanks
They will give a better Rate on a Auto Loan too!
My Credit Union does not charge you to have an Account with them or to have a certain big Balance. I only need to keep $25.00 in the Account. That is why I'm with them. And I do have CDs and get paid interest on my Money.
Thanks a lot for the great information and comparison. I do not mind a lot driving 20 miles to my credit union. In my banking life, I had to used two banks services, one of the wellfargo and the other chase because I had to, but changed in the speed of light a soon as I was able to do so.
I'm thinking about joining my post office credit union
Probably smart!
I wonder why this is not big or known worldwide
Mostly because credit unions don't spend a lot on marketing
Will a credit union manage my IRA?
Contact your credit union and ask. It's certainly possible! Just be sure you understand if there are any fees and what funds you'll have access to.
Thanks, great TH-cam!
I’ve been with credit unions for the last 40 years or so. I agree that it’s been much better than using banks. That said, there have been recent problems I’ve run into. I backed the trucker protests, first in Australia, then Canada, then USA. Using my VISA, I contributed to each protest to help defray lost wages & unreimbursible costs. This put me on the “bad boy” list at VISA, which trickled thru to the credit union itself. I receive very childish behavior w/ Visa. I don’t know if the VISA unit is actually part of the CU, or part of VISA. The treatment there @ VISA has made me want to shop around, but I wonder if I’d get the same thing at a different CU. Any thoughts and/or recommendations?
Great stuff.
Thanks Mika. Hope it helped!
Thanks for a great informative video!
How do you get on the board
Plus
How do they get paid if not for profit
Board members are nominated and voted on by members. And they don't get paid, they are volunteers.
Credit Unions are the best! ❤
W Credit Unions
Hello, I’m having a little issue with my RBC bank account right now and I thought you could help me. Basically I made a large transfer and got blocked couple of days later. It’s been a month since I’ve been trying to fix the problem now and eventually she told me, she’ll only allow bank transactions for 6 months. So i won’t have access to my online banking or card for 6 months.
I realized I can’t just open an actual in another big bank because it would just end up the same. Because apparently the other banks and the government can see everything!!!
So I was thinking about opening a credit union account but I do not know if the same issue will occur.
Can the credit union I will sign up for have access my Rbc situation?
and do u have any suggestions for me? Please and thank you
Any recommendation on which credit union to pick? Are they reliable and pretty much the same? Thank you in advance
Check out forum credit union
It depends. Credit unions are very local. Navy Federal and PenFed are two main credit unions that have national reach. My recommendation is look at a credit union's financial statements and check that their asset size is at least nine figures. It means they're more established and can offer more and better services
If the Catholic Church made a credit union, they could really restore themselves.