bank transfer day - Nov 5

Schadenfreude

Schadenfreude

patriot and widower
this is the day to close your accounts at big banks (too big to fail banks) and transfer your funds to either a community bank or credit union

http://news.yahoo.com/fed-consumers-planning-bank-transfer-day-185804982.html

[h=1]650,000 Americans Switched to Credit Unions Last Month[/h]

[url]http://moneyland.time.com/2011/11/04/650000-americans-switched-to-credit-unions-last-month/?iid=pf-main-lede
[/URL]
 
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Schadenfreude said:
do you have a vested interest in big banks?

how about from big banks that are open friday to credit union/community bank

ps cthulu cthucks :)
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A vested interest? I hate big banks more than you could possibly fathom. But they're open on Saturdays and smaller banks almost always aren't. So how are you to make the switch? And usually smaller banks are still owned by larger banking conglomerates, so you're still feeding the beast.

And C'thulhu cthucks? Phonetically that's K'Thucks? What the fuck does that mean?
 
Maybe the Stupor Moderator is drunk.

Most banks are open Saturdays, as far as I know.
 
Community banks- usually closed on Saturdays (state chartered banks)

Credit unions- usually open til 1pm (cooperative financial institution)

Interstate banks- almost always open til 1pm on Saturdays. (federally chartered national banks)


Most credit unions received bail outs via their wholesale partners. In fact any banking or savings and loan entity that use FDIC or NCUSIF

Credit unions and community banks are usually a better fit for the average consumer due to lower fees and more personalized customer service. But larger interstate banks provide for multi-national business and interstate commerce in a way that credit unions and community banks cannot do, or do as well.
 
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No one is less qualified to comment. Wholesale partners, FDIC bailout. Wow are you even the bookkeeper for the trailer park.
 
Say's the idiot dope-headed uneducated poser dude. I provided links. And yes, any banking institution that provides FDIC or NCUSIF, which is federal insurance that is backed by the full faith and credit of the United States government, were eligible for bail outs.
 
fDIC is insurance that is paid for iceslut. I was on the board of a multi million dollar credit union. Almost all are owned by the members. That's the point you teabag trailer cleaner.
 
Hey dope-headed poser I know what FDIC insurance is and CU's don't carry it. They carry another federal guaranteed insurance, NCUSIF. Like you think you are explaining a new concept about how credit unions are designed (member owned) They still have to turn a profit to exist dope-head. Wholesale credit unions fulfill that objective via investments. But of course you must know this since you sat on a board <snicker> For someone who claims to have "sat on a CU board" you are awfully fucking ignorant of how they operate. But then, you are also the college graduate millionaire, who can't spell his way out of a wet paper bag... <snicker again>


from my link

Two years after the peak of the financial crisis, the federal government swooped in to stabilize a crucial part of the credit-union sector battered by losses on subprime mortgages.
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Wholesale credit unions, also known as corporate credit unions, invest money for retail credit unions and provide them with check clearing and other services. Since the start of 2008, 66 retail unions have failed, compared with more than 290 banks or savings institutions. Credit unions are member-owned cooperatives that act much like banks
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Iceslut you ignorantly claimed they got bailouts from wholesale partners. Lofl
Small banks didn't get them either tard.
 
You are the one who does not know shit from Shinola.

LOL dope-head, they did! If the wholesale partners had not been bailed out the retails would have folded... indeed some did you ignoramus! Smaller community banks also received bail outs! You might want to try reading the article before opening your pie-hole and showing us all just how stupid you are. Or just go smoke another one and pretend you are not as stupid as you sound.
 
dope-head I understand them just fine. Further, you have not managed to disprove anything I have said. In fact, I have not only supported what I have stated with links, I have shown your ignorance over the subject in the process... A win/win for me.
 
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