Will you participate in "Bank Transfer Day?"

iVillage Member
Registered: 11-18-2008
Will you participate in "Bank Transfer Day?"
20
Fri, 11-04-2011 - 3:47pm

Amazing what kind of change one person can make! One woman started this movement by inviting her Facebook friends to join her (tomorrow - Saturday, November 5th) in switching from large corporate banks to small credit unions. Read her story here and see if you might be interested in doing the same...

Saturday Is Bank Transfer Day! Here’s How to Start Saving
Kristen Christian's Facebook event has sparked a movement to ditch big banks in favor of credit union
http://www.ivillage.com/bank-transfer-day-november-5th-why-you-should-transfer-funds-local-credit-unions/7-a-399336

Anyone here belong to a credit union? What do you like and/or dislike about it? Anyone else planning to make the switch?

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iVillage Member
Registered: 12-31-2010
We have a mix of credit unions and big banks. I did not like the credit union due to it's really bad electronic banking interface, but all else was the same as a big bank.
I am treated like a person at my big bank, but then again, I know what kind of account I have, I get points I turn into cash every couple months and I pay NO fees at all. I also do not have a credit card there - only debit and they don't charge me, I don't bounce checks or even have savings other than my emergency fund their.
Our business bank is a local credit union. We also have a local bank for some other accounts we keep.

I think you need to analyze your own situation and do what is right for you.

Having this movement on Saturday is also quite weird. I do my business on weekdays, and have fun with family on Saturdays.

-Marie
#Marie
iVillage Member
Registered: 12-16-2010

I've been doing Credit Union onnly for many years now.. I pay no fees but the only drawback is lack of ATMs in other areas.

iVillage Member
Registered: 03-27-2005

I use a small locally/privately owned bank.

iVillage Member
Registered: 10-17-2010

I moved my money to a credit union already at the beginning of the year.

iVillage Member
Registered: 02-19-1998

We've been credit union members for 20 years now after the bank we were with got bought out a zillion times and every time the service got worse and worse. While we haven't always had luck getting loans there overall we have been very pleased. They don't charge us to death on things and I love their free online banking system.

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iVillage Member
Registered: 04-16-2008

I, too, have been with my credit union for over 20 years.

iVillage Member
Registered: 07-26-1999

I deal with two internet only banks, one is ING Direct. Neither charges any fees. I would like to deal with my local credit union, but I don't want to pay the fees. I was also really put off the credit union when the advisor my mum deals with told me I shouldn't have my money with ING because it isn't insured (CDIC) because they "aren't a real bank" or words to that effect. I didn't like being given that misinformation and lost some trust, but if I needed a bricks and mortar bank I would chose the credit union.

iVillage Member
Registered: 05-28-2011
Dont know if this counts but I closed one of my accounts due to obnoxious fees. The service was crummy too.
iVillage Member
Registered: 02-19-2009
lila19 wrote:

I've been doing Credit Union onnly for many years now.. I pay no fees but the only drawback is lack of ATMs in other areas.

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iVillage Member
Registered: 02-19-2009
ma2connor wrote:

I use a small locally/privately owned bank.

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