Mainly Big Banks use the power of their money creation via fractional reserve system (and profits) to collude with the Elites and use that power against the people. Many indulge in lobbying for the Elites, and enabling criminality, trafficking, etc by the same Elites.
Local banks however, are usually small only because they have refused to play this game and be absorbed into this system. They are community players, usually make loans to the local businesses or otherwise help enrich the community.
I would highly suggest watching this interview with Catherine Fitts Austin. The whole interview is brilliant, but if you start watching from 43:30, you will get the answer to your question!
Credit unions are non profit and so their purpose is to benefit the members not to maximize profits. This results in better interest on your deposits, lower rates on your loans, and better service in general.
I switched in 2003 and never looked back. There is nothing positive a big bank can do for you that a credit union can’t.
I have been at the credit union here since all that wells fargo crap back in the late 2000's, I was at the local bank before that and they got gobbled up by the corporates
Big banks have the advantage of being accessible usually nationwide. Smaller banks and credit unions not so much. We are leaving Chase for ENT credit union. Won’t be able to see too many ENT atms but I don’t mind giving $2 to use a gas station ATM if I had no other choice. When I want cash but don’t want to use the ATM and pay some $3-4 svc chug I just get cash back with my purchase.
Credit unions commonly participate in a "Shared Branch" program.
My home credit union is in City A and I live 500 miles away in City B. I can go to any credit union in City B and do just about anything I could at my home credit union in City A.
I have been using Credit Unions for about 20 years.
I do not see the advantage of using a big bank at all. The Credit Union has everything I need. In fact you would be hard pressed to tell the difference.
There are a ton of tiny credit unions that I know nothing about but the ones I have used have many branches and offer the same service as the big boys.
If you are a veteran or a family member you can join the Navy Credit Union. (I am not a member)
Credit unions are centered around the members (customers) and big banks are all about the shareholders. The board of directors at a credit union are voluntary and voted on by the members unlike the banks. Interest rates are better at credit unions, there aren’t fees for everything under the sun, and the few fees they do charges are usually less than the banks’. They’re insured by the NCUA which is the credit union version of the FDIC. What you can do at a bank you can do at a credit union—the one I’m a member of even has a member investment service that you can consult with for free. Before I became a stay-at-home mom I worked in the training department and marketing department of the credit union I’m still a member of, so I can tell you more than you could ever want to know about them! 😆
Yes. The stipulation for joining a credit union depends on that particular credit union. The one I’m a member of is open to anyone who lives, works, or worships in the counties in our area. There are others that are for people in the military, and those that are for employees of a certain company.
Mainly Big Banks use the power of their money creation via fractional reserve system (and profits) to collude with the Elites and use that power against the people. Many indulge in lobbying for the Elites, and enabling criminality, trafficking, etc by the same Elites.
Local banks however, are usually small only because they have refused to play this game and be absorbed into this system. They are community players, usually make loans to the local businesses or otherwise help enrich the community.
I would highly suggest watching this interview with Catherine Fitts Austin. The whole interview is brilliant, but if you start watching from 43:30, you will get the answer to your question!
Credit unions are non profit and so their purpose is to benefit the members not to maximize profits. This results in better interest on your deposits, lower rates on your loans, and better service in general.
I switched in 2003 and never looked back. There is nothing positive a big bank can do for you that a credit union can’t.
I have been at the credit union here since all that wells fargo crap back in the late 2000's, I was at the local bank before that and they got gobbled up by the corporates
Big banks have the advantage of being accessible usually nationwide. Smaller banks and credit unions not so much. We are leaving Chase for ENT credit union. Won’t be able to see too many ENT atms but I don’t mind giving $2 to use a gas station ATM if I had no other choice. When I want cash but don’t want to use the ATM and pay some $3-4 svc chug I just get cash back with my purchase.
Credit unions commonly participate in a "Shared Branch" program.
My home credit union is in City A and I live 500 miles away in City B. I can go to any credit union in City B and do just about anything I could at my home credit union in City A.
Check it out.
Thanks
I have been using Credit Unions for about 20 years. I do not see the advantage of using a big bank at all. The Credit Union has everything I need. In fact you would be hard pressed to tell the difference.
There are a ton of tiny credit unions that I know nothing about but the ones I have used have many branches and offer the same service as the big boys. If you are a veteran or a family member you can join the Navy Credit Union. (I am not a member)
Credit unions are centered around the members (customers) and big banks are all about the shareholders. The board of directors at a credit union are voluntary and voted on by the members unlike the banks. Interest rates are better at credit unions, there aren’t fees for everything under the sun, and the few fees they do charges are usually less than the banks’. They’re insured by the NCUA which is the credit union version of the FDIC. What you can do at a bank you can do at a credit union—the one I’m a member of even has a member investment service that you can consult with for free. Before I became a stay-at-home mom I worked in the training department and marketing department of the credit union I’m still a member of, so I can tell you more than you could ever want to know about them! 😆
Can self employed join a credit union?
Yes. The stipulation for joining a credit union depends on that particular credit union. The one I’m a member of is open to anyone who lives, works, or worships in the counties in our area. There are others that are for people in the military, and those that are for employees of a certain company.
thank you