Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Credit Unions in the face of Bank/Housing implosion

Discussions about the economic and financial ramifications of PEAK OIL

Credit Unions in the face of Bank/Housing implosion

Unread postby zeke » Mon 14 Jul 2008, 16:20:50

I am no finance whiz, but I think I understand the basic diff between credit unions and banks.

And, thanks to last week's news about another bank failure, against the backdrop of the whole swirling $#*! ball of it all, I wonder when do Credit Union members need to think about withdrawing cash from the CU's?


thanks!

zeke
User avatar
zeke
Lignite
Lignite
 
Posts: 308
Joined: Fri 07 Dec 2007, 04:00:00

Re: Credit Unions in the face of Bank/Housing implosion

Unread postby Twilight » Mon 14 Jul 2008, 16:23:46

If you are a member of one, you can read its accounts, right?
Twilight
Expert
Expert
 
Posts: 3027
Joined: Fri 02 Mar 2007, 04:00:00

Re: Credit Unions in the face of Bank/Housing implosion

Unread postby zeke » Mon 14 Jul 2008, 16:52:35

Twilight wrote:If you are a member of one, you can read its accounts, right?



how do you mean, "its accounts?"

You mean, it's financial health reports? If so, where do I see those?


zeke
User avatar
zeke
Lignite
Lignite
 
Posts: 308
Joined: Fri 07 Dec 2007, 04:00:00

Re: Credit Unions in the face of Bank/Housing implosion

Unread postby Twilight » Mon 14 Jul 2008, 17:16:49

I have never dealt with one, but I am under the impression that as a member you can just ask. Accountability to their members is supposed to be one of the benefits.
Twilight
Expert
Expert
 
Posts: 3027
Joined: Fri 02 Mar 2007, 04:00:00


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 13 guests