Re:Wells Fargo Clients Report Missing Deposits as Bank Works...
by Uvix on Saturday March 11, 2023 @09:42AM
(#35108630)
If my local CU had competitive interest rates I would stay there. But their best savings accounts are still only a pitiful 0.16% interest. I'm in the process of moving most of my money out of there.
There's a greater chance of your money staying in and supporting your community...versus probably not even staying in the country.
Policies are driven by needs of members, not investors/shareholders.
You have a much "louder" voice about policies, offerings, etc - possibly even able to attend board meetings, for example.
Despite you saying "online only is preferred", it's really nice to be able to, when you have a problem, be able to walk into your local branch to familiar faces and get help by people who remember you and give a shit about you. At a prior CU I was on a first-name basis with the assistant manager and they would do things like clear checks faster, waive an occasional fee, etc.