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packman

(16,296 posts) Mon Jun 2, 2014, 02:21 PM Jun 2014

Bringing Down Big Banks

Basically, go credit unions. After years and years of big banks, we went to a local credit union to consolidate credit card bill which averaged somewhere in the 18% range - some at 24%. The CU offered a 3.5% and it had an amazing effect. For the first time in a long time we can actually see the debt going down. Got a new car financed thru them also at a lower rate than any bank could offer.

http://www.dailykos.com/story/2014/06/01/1303684/-How-You-Can-Help-Take-Down-Big-Banks

2 replies

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Bringing Down Big Banks (Original Post) packman Jun 2014 OP

That is great! yeoman6987 Jun 2014 #1

I've had credit union accounts most of my adult life. Jackpine Radical Jun 2014 #2

yeoman6987

(14,449 posts)

1. That is great!

Reply to packman (Original post)

Mon Jun 2, 2014, 02:24 PM

Jun 2014

I have had a credit union since 1990 and never use anything else. Although I do have a savings account with minimum amount at USAA so I can have their car insurance, but not sure if that would be classified as a big bank anyway.

Jackpine Radical

(45,274 posts)

2. I've had credit union accounts most of my adult life.

Reply to packman (Original post)

Mon Jun 2, 2014, 02:27 PM

Jun 2014

And I'm 69.

I've been preaching credit unions and co-ops most of my life.

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