November 5th suddenly becomes "Employee Appreciation Day" for Banks. Oh, and the website's acting up, weird coincidence is all.

Well that lacks gunpowder, treason and plot. I don't we'll remember it.

Actually, if people moved their money from the top 5 banks to the smallest 50 banks, then the new big banks would be smaller banks. Math.

tag is for subby, I'm guessing?

Learn what a credit union is before calling it a "bank".

I just hope people remember to open the credit union account FIRST.
/Insert someone else's CSB about leaving a bank and suddenly being on chexsystems.
//Seen it happen to people I know.
///I've never been, but my 1st bank account was w/credit union and now it's my only one.

Remember Remember

I think the beef with big banks is more about how they are run, rather than their size.

All of my money is already in credit unions... all the Big Banks have are my Big Debts (mortgage, credit card).

Maybe I'll refinance the mortgage between now & then. Take that!

(credit card is 0% interest, will be paid off before that expires...)

Don't know about you guys, but I get to vote on the direction of my credit union. Does your bank allow that, simply for having an account? I'm ok with CU's taking over for big banks.

Pocket Ninja: Also, remember that November 2 is the Great Gas Out. Don't buy gas that day as a way of showing the oil companies that you don't agree with their practices. After a day of no income they'll start to rethink how high they're keeping their prices. UNITED WE STAND. BRING DOWN BIG OIL.

The oil companies will make it back over the next week or so. Unless people actually drive less it is no skin of their balls

Dear retard submitter: Credit Unions are NOT FOR PROFIT and is owned by it's MEMBERS!!!

You are an idiot. They can't become like banks.

this actually isn't a bad idea if you could get enough people to do it. It could damp financial the influence of the larger superbanks of an extent. Credit unions generally have lower fees, free checking, and all that stuff banks are now chargin for. And you're technically part-owner by being a member.

\Credit Union customer

No toaster, no transfer.

BronyMedic: Wait, what?

Can someone explain to me how people can withdraw/transfer billions of dollars in a single day? I thought that after so much is withdrawn, the Federal Government halts monitary exchanges to prevent a rush on the banks.

In good old fashioned "It's a Wonderful Life" parlance, this is also known as a Run On A Bank. Doing it all on one day = lunacy.

That said, the headline is stupid. If people start moving money out of the megabanks and into local Credit Unions, that won't make the Credit Unions into big banks, it will just make them well-funded credit unions.

To what end? To continue the Guy Fawkes tradition of epic failure?

Tempting....

First I gotta call my mortgage broker. If she can get me more than 1% drop on my mortgage interest, then there's no reason to stay with the bank we have, and bingo-bongo credit union here we come!

This will certainly be a great success and will really stick it to the man.

In no way will this fizzle and amount to nothing.

Nope.

Why wait for a specific day? I changed over to a credit union almost two years ago and haven't looked back. Fark the banksters.

stewbert: Don't know about you guys, but I get to vote on the direction of my credit union. Does your bank allow that, simply for having an account? I'm ok with CU's taking over for big banks.

CU - the "owners" are the people who's money is in the CU - Profits go to the people with accounts.
BANK - the owners are people who DON'T have the money in the bank. - Profits go to the shareholders who most likely don't have accounts.

Subby is bit retarded on how this all works.

November 6: "What do you mean I have to wait two weeks for my first paycheck deposit to clear?"

Pocket Ninja: Also, remember that November 2 is the Great Gas Out. Don't buy gas that day as a way of showing the oil companies that you don't agree with their practices. After a day of no income they'll start to rethink how high they're keeping their prices. UNITED WE STAND. BRING DOWN BIG OIL.

YES! Because the mom and pop store down the block will feel so much better when no one buys things at their store!
That will show big companies.

BTW, I guess tomorrow will be a good day to hang out at ATM's?

netweavr: November 5th suddenly becomes "Employee Appreciation Day" for Banks. Oh, and the website's acting up, weird coincidence is all.

Bank I worked at in the early 90's would give out really nice t-shirts every summer to customers, baskets of mums in the fall, a gift every holiday season. Banks don't really do that crap anymore :(
My current bank just got rid of debit card reward points AND thier Sunday hours have gone bye bye. 2 of the reasons I opened w/them in the 1st place.

/hate my bank (PNC National City)

BronyMedic: Wait, what?

Can someone explain to me how people can withdraw/transfer billions of dollars in a single day? I thought that after so much is withdrawn, the Federal Government halts monitary exchanges to prevent a rush on the banks.

The people that participate in this are the same ones that are down on the street protesting because they don't have any money. So I'm sure the banks are just deeply scared.

You can join member owned financial institutes as well. Vanguard and USAA (if eligible) comes to mind.

meat0918: Corvus: Dear retard submitter: Credit Unions are NOT FOR PROFIT and is owned by it's MEMBERS!!!

You are an idiot. They can't become like banks.

Rules can be changed. Just look at JPMorgan and Goldman Sachs. They went from being banks to not being banks just recently.

You right rules CAN be changed. Money can be worthless tomorrow. So you will send me all your money tomorrow right?

So then you think the people who own the Credit Union - the people who have accounts there are going to push for other people to take over their money?

I don't think you understand what a co-op actually is,.

Glad he left chase a year ago. Love my credit union. Even get a dividend on my accounts each month. With chase it was fees!

/csb

BronyMedic: Wait, what?

Can someone explain to me how people can withdraw/transfer billions of dollars in a single day? I thought that after so much is withdrawn, the Federal Government halts monitary exchanges to prevent a rush on the banks.

well, it's not going to happen anyway, but if it did, that would be awesome. can you imagine the press the next day?

stewbert: Don't know about you guys, but I get to vote on the direction of my credit union.

Sounds socialist.

November 5th should now be called Dennis Moore day!

Stupid headline is stupid.

Corvus: Credit Unions are NOT FOR PROFIT and is owned by it's MEMBERS!!!

Sounds like more socialism.

btraz70: /hate my bank (PNC National City)

Yep. Have that one. Have Merrill Lynch - scuse me Bank of America. Have Chase.

So far oddly enough Chase has been good to us (or not horrible), but I still want my money out of the system, so to speak.

Mind you, consumer accounts really don't matter much to most large banks anyway.

One of the best things about credit unions is no ATM fees if you have to use another credit union ATM. (new window)

I thought November 5th was Guy Fawkes Day. I can't keep up with everyone having their own goddamned holiday.

Minimally Hairy Beer-Powered Simian: I thought November 5th was Guy Fawkes Day. I can't keep up with everyone having their own goddamned holiday.

Farkin' Catholic Saints, amirite??

Corvus: Dear retard submitter: Credit Unions are NOT FOR PROFIT and is owned by it's MEMBERS!!!

You are an idiot. They can't become like banks.

LabGrrl: I just hope people remember to open the credit union account FIRST.
/Insert someone else's CSB about leaving a bank and suddenly being on chexsystems.
//Seen it happen to people I know.
///I've never been, but my 1st bank account was w/credit union and now it's my only one.

As someone who's in chexsystems for 22 cents, I'm getting a kick out of this reply.

Corvus: Dear retard submitter: Credit Unions are NOT FOR PROFIT and is owned by it's MEMBERS!!!

You are an idiot. They can't become like banks.


You think non-profit actually means something.

Cute.

/my employer is a non-profit worth $2.2 billion

Sadly, that would screw with my direct deposit. I kinda like having money, so no.