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Forum Post: Credit Unions, Not for profit organiztions exist near you.

Posted 2 years ago on Oct. 18, 2011, 7:22 p.m. EST by enigmaticblake (14)
This content is user submitted and not an official statement

Credit Unions are not for profit financial institutions. They are not owned by shareholders to make profit, they serve their depositors. They offer lower rate Loans, credit card and higher interests on deposits. They generally pay their employees more as well. They can create money in the form of debt just like regular banks.(fractional reserve system).

Cheaper car, school, and home loans.

You can save yourself money, while taking away profits from wall street. There is a cost to Passive ownership. Cut that out and it benefits everyone but the super rich, who make all of their money through passive ownership.

 please Spread awareness with the following links to your friends

http://en.wikipedia.org/wiki/Credit_union http://www.findacreditunion.com/ <-----this will list all the credit unions near you.

3 Comments

3 Comments


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[-] 1 points by America101 (3) 2 years ago

Credit unions are so much better. They're the UNbank: fair, honest, humane, reasonable, reliable and as safe as the corner mega branch. Better rates, better service. I joined years ago and when I whenever I have a question I get to talk to a real person who actually knows me and wants to help. It feels like time-travel. Think "It's A Wonderful Life". Our towns have become Pottersvilles, time for change

[-] 1 points by OurTimes2011 (377) from Arlington, VA 2 years ago

According to one site on the internet (google Bank Transfer Day - November 5, 2011 ):

"Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices.

• Research your local credit union options • Open an account with the one that best suits your needs • Cancel all automatic withdrawals & deposits • Transfer your funds to the new account • Follow your bank's procedures to close your account before 11/05

FIND A CREDIT UNION USA: http://www.findacreditunion.com/ CANADA: http://locator.cucentral.com/ UK: http://www.findyourcreditunion.co.uk/"