credit union getting greedy

[Grumpy Old Man]

If you remove the tag on your mattress while hiding your money under it, is it a crime?

Sorry, couldn't resist.

So, back on topic...

I still like my credit union. Haven't heard anything bad about any of the other credit unions in town. There are a couple local banks that get pretty good reviews. Never hear anything good about the national banks except they have lots of branches all over the country. We had a decent federal savings and loan that gave us very good service on our three mortgages. However, they got bought by a bank and the service went to heck.

If possible, try to build up a grub stake in a savings account that can cover all of your living expenses for 6 months, prefferably 12 months. In most cases, that will be enough to meet the minimum balance to get free services from most credit unions.

If all someone has at say 50 years old is 12 months of living expenses they will need a whole lot more than a credit union

 

[ultrarunner]

If all someone has at say 50 years old is 12 months of living expenses they will need a whole lot more than a credit union

The sad truth is this describes a lot of people...

On the plus side... 1/3 of home owners nationwide are mortgage free... some areas it is near 80% and in others 10-20%.

I know a lot of people that live pay check to pay check and they make good money...

It is more a lifestyle than how much you earn...

 

[MossRoad]

If all someone has at say 50 years old is 12 months of living expenses they will need a whole lot more than a credit union

Once again, you are not up-to-date with current civilization.

MOST prudent financial advisers suggest you keep 6-12 months worth of living expenses in cash in a bank account so you can access it easily if you lose your job. You keep the rest of your savings in investments. Investments usually take some time to convert into cash.

:dance1:

 

[Grumpy Old Man]

Once again, you are not up-to-date with current civilization.

MOST prudent financial advisers suggest you keep 6-12 months worth of living expenses in cash in a bank account so you can access it easily if you lose your job. You keep the rest of your savings in investments. Investments usually take some time to convert into cash.

:dance1:

Those that can Do ,Those who can't teach, Those who can't teach consult . There is nothing that's current that is civilized .

 

[MossRoad]

In twelve years on TBN I have never used my ignore list until today.

 

[chopped]

In twelve years on TBN I have never used my ignore list until today.

Hope its not me.....MOSS...lol:cool2:

 

[MossRoad]

Hope its not me.....MOSS...lol:cool2:

I love the Rat Fink! :thumbsup: