lyrical genius said:
I will guarantee the bigger banks invest in "your" community more than all the credit unions combined. The first part of your statement was right though. To add, banks are more heavily regulated than CU's hence why most nickled!cks prefer them cause cause they are usually the ones with no loot. If u have money and treat a bank account like it is supposed to, ur gonna actually prefer a bank. Also, CU's usually have better rates because they need more capital. I've worked in management for a top 5 bank for years and we got so much excess cash it isn't even funny. We would actually PREFER people take the high savings and CD's out right now
On another note, those of you that think your money is any safer in a CU are idiots and have no idea how this sh*t works.
This...........(for the most part). I'm not sure about investing into the community but I agree.
I work in retail for a top 10 US Bank and it's just business as usual. The every day working individual doesn't realize the grand scheme of things. Thanks to recent Government regulations (and more to come with the Dodd-Frank act) it has been harder for banks to make money. A Bank has to make money.....it's that simple. So a bank (mostly the larger ones) has to make more fee's/service charges to make up for loss. But as long as you play by the rules and don't Overdraft your fu*king account you will be fine. If your living from paycheck to paycheck then no, I wouldn't recommend a large bank for you. The CU rates are better but they really can't be helped.
As for this dumbass in the video there's more to this story than what's shown. Once you lay hands or threaten a bank employee then you lost all your rights to that specific bank.....period. He would have went home and we would have sent him a check in the mail for whatever was in his account(s). I would have personally delayed that sh*t too just to fu*k with him. You don't lay hands on people who handle your money.