Comments on: Will Your Bank Survive? Here's How to Check http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Money Under 30 http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check/comment-page-1#comment-1727 Money Under 30 Fri, 03 Oct 2008 17:20:52 +0000 http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check#comment-1727 Susan, a very belated THANK YOU for your comment! You are very right about credit unions---and you inspired me to write a post about <a href="http://www.moneyunder30.com/credit-unions-non-profits-offer-a-great-alternative-to-banks#comment-27140" rel="nofollow">credit unions</a> this week. I've been a happy member of one for 10 years, and think they're a great option. Susan, a very belated THANK YOU for your comment! You are very right about credit unions—and you inspired me to write a post about credit unions this week.

I’ve been a happy member of one for 10 years, and think they’re a great option.

]]> By: Susan Epperson http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check/comment-page-1#comment-1729 Susan Epperson Sun, 28 Sep 2008 18:29:23 +0000 http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check#comment-1729 David, You've shown some really great insight during these last crazy financial months. (I've been lurking on your blog for a while.) But, I haven't seen you reference credit unions at all. They're not-for-profit financial cooperatives. So that means their investment structure should be focused on giving back to their members...not investing in "risky" investments to please their stockholders. I've worked for my credit union for over 14 years now. And, I've been a credit union member all my life (thanks to my father). I'll never be super rich from some crazy executive salary, but I can sleep at night knowing that my teammates and our board are doing the right thing for our members. I've always been envious of the big advertising budgets that banks have had. But, our conservative spending and conservative policies are paying off now. So, I can't afford the cool tv spots that Wamu had (they were clever). But, my members can know that they're safe. And they won't be reading about us, like they're reading about Wamu now. I'm really interested to get your take on credit unions, David. Thanks for taking the time to educate consumers...you're making a difference!! Susan Epperson Richmond, VA David,

You’ve shown some really great insight during these last crazy financial months. (I’ve been lurking on your blog for a while.)

But, I haven’t seen you reference credit unions at all. They’re not-for-profit financial cooperatives. So that means their investment structure should be focused on giving back to their members…not investing in “risky” investments to please their stockholders.

I’ve worked for my credit union for over 14 years now. And, I’ve been a credit union member all my life (thanks to my father). I’ll never be super rich from some crazy executive salary, but I can sleep at night knowing that my teammates and our board are doing the right thing for our members.

I’ve always been envious of the big advertising budgets that banks have had. But, our conservative spending and conservative policies are paying off now. So, I can’t afford the cool tv spots that Wamu had (they were clever). But, my members can know that they’re safe. And they won’t be reading about us, like they’re reading about Wamu now.

I’m really interested to get your take on credit unions, David. Thanks for taking the time to educate consumers…you’re making a difference!!

Susan Epperson
Richmond, VA

]]> By: Matthew http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check/comment-page-1#comment-1730 Matthew Sat, 27 Sep 2008 14:31:57 +0000 http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check#comment-1730 I love irony. I read this on the 27th, and the ad on the right is for WaMu Free checking. Whoohoo! I love irony. I read this on the 27th, and the ad on the right is for WaMu Free checking. Whoohoo!

]]> By: Uncommonadvice http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check/comment-page-1#comment-1728 Uncommonadvice Tue, 23 Sep 2008 15:40:46 +0000 http://www.moneyunder30.com/will-your-bank-survive-heres-how-to-check#comment-1728 In Britain, now that the vast majority of adverse lenders have gone, and most of the High Street lenders with a large exposure to BTL have been bought up (HBoS and A&L), I wonder if the spotlight will be turned on the Banks which were the most "lenient" in the mainstream. In that regard I wonder how strong Abbey and RBS are. Time will tell. In Britain, now that the vast majority of adverse lenders have gone, and most of the High Street lenders with a large exposure to BTL have been bought up (HBoS and A&L), I wonder if the spotlight will be turned on the Banks which were the most “lenient” in the mainstream. In that regard I wonder how strong Abbey and RBS are. Time will tell.

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