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** Bank Check ** is your bank safe and sound? Find out Now/Here

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masmdu Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:16 PM
Original message
** Bank Check ** is your bank safe and sound? Find out Now/Here
Edited on Tue Jul-29-08 01:17 PM by masmdu
This useful link tell you about the state of your bank. "1" is best "5" is worst in the CAMEL rating system. They also show a star rating system with "1-star" worst and "5-stars" best. Once you have the rating of your bank/C.U. be sure to get the details by selecting "next" next to "memorandum"

http://www.bankrate.com/brm/safesound/ss_home.asp

My bank is in the middle with 3/3stars (BB&T of NC)
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:17 PM
Response to Original message
1. link?
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Catherine Vincent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:17 PM
Response to Original message
2. linky?
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JNelson6563 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:29 PM
Response to Original message
3. This is a great resource.
Thanks for posting.
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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:37 PM
Response to Original message
4. I can't find my bank :(
Bank of America does not show up when I query by zip code or state. If I look it up by name, I have several choices (from other states), but none from Maryland.

???
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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:38 PM
Response to Original message
5. Only a few are listed near us.
Ours is 4 stars. But most of the banks in our city are not even mentioned.
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DemoTex Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:42 PM
Response to Original message
6. Thanks. My 88 year-old dad needs this.
I looked up his bank and it has three stars. Maybe he can sleep a little better now.
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 01:55 PM
Response to Original message
7. Pretty good: four stars and a 2.
Worth checking periodically. Thanks.
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AZBlue Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 02:53 PM
Response to Reply #7
10. Mine got that too - which is a little contradictory, if I'm understanding correctly.
Four stars is very good but 2 is so-so.
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 02:57 PM
Response to Reply #7
11. same with mine
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TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 02:01 PM
Response to Original message
8. My bank is at a 2 rating
Luckily, its a credit union that has always had a very tough policy towards loans.
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FloridaJudy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 02:06 PM
Response to Original message
9. Doing okay.
Four stars and a rating of two. Nice to know.

K&R.
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AZBlue Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 03:00 PM
Response to Original message
12. Cool link - thanks!
Have bookmarked it and will check back periodically.
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wiggs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 03:15 PM
Response to Original message
13. Bank of America only a 3. Our credit union only a 3. Not great, but not bad. nt
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liberalla Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 03:44 PM
Response to Original message
14. Interesting. Thanks!
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 03:50 PM
Response to Original message
15. Both of mine are fine. Four stars and a two.
Local credit unions.
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-29-08 03:55 PM
Response to Original message
16. GREAT resource! Thanks!
I'm shopping.

BHN
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