Comments on: Is Your Credit Union Safe?

By: Sandra North

Sandra North — Sat, 05 Sep 2009 10:24:58 +0000

I am seeking the current rating of the Western Healthcare Federal Credit Union in Concord, CA.
Can you tell me how safe it is? Thank you

By: Mon.Y.

Mon.Y. — Fri, 03 Apr 2009 15:37:34 +0000

I would also like to know if my CU is safe. San Antonio Credit Union.

By: WIL LOCKIE

WIL LOCKIE — Wed, 15 Oct 2008 22:44:08 +0000

I belong to Safe Credit Union in Sacramneto valley CA. They have about 20 branches locally. A couple of questions bank rate gave them 4 stores this was before the economic crisis of recent. How are they doing now? Are they a state charted credit union or federal charted credit union? I hear that matters when it comes to being monetary guaranteed. Also, if i wanted to follow the ebb and flow of thier stock..what is thier abbreviation and where can I observe it? Thankyou

By: Mary Guzman

Mary Guzman — Fri, 10 Oct 2008 15:00:07 +0000

Hi!

Would you please tell me where I can find out if the following credit unions are safe and stable?

St. Joseph Credit Union in San Antonio, Texas
First Mark Credit Union in San Antonio, Texas
Nevada Federal Credit Union, Las Vegas, Nevada

Thank you!

By: Heidi Clayton

Heidi Clayton — Sat, 27 Sep 2008 17:43:23 +0000

How safe is the Langley Federal Credit Union and the Bayport Credit Union in my Hampton Roads Virginia area??
Thank’s for any info which you could provide.
Clayton

By: Bear

Bear — Tue, 19 Aug 2008 16:30:13 +0000

I have to agree with what has been said. I used to work for a bank that charged very high fees on many things. When I got sick of my old bank, I shopped around and found Credit Unions to be a much better deal, for the most part. Where I live, the banks seem to offer better better deals on 2nd mortgages (rates and fees) and similar rates on savings accounts (the banks do sneak in fees for savings accounts!), but everything else the CUs have the banks beat hands down.

I hear so many people complain that they were hit hard on overdraft fees, OD protection fees, loan application fees, ATM fees, yet they never shop around for a better deal. I put up with a lot of such people when I worked at a bank. Credit Unions seem to offer much needed competition, if only more people would look at them.

By: Anni

Anni — Sun, 17 Aug 2008 20:02:24 +0000

I have a rewards checking account at a local credit union, the interest rate is far above what my bank was offering. They are insured by NCUA, so making the switch was worthwhile.

By: Wil

Wil — Fri, 15 Aug 2008 21:38:52 +0000

Credit Unions are great things indeed! I’ve worked for banks and for credit unions, and there is absolutely no reason for an individual to belong to at least one credit union. Aside from safety and security, many times credit unions are on the forefront of technology as well!

They aren’t perfect, and I don’t want to come off as a nut-job CU fanatic, but for individuals, they are really, really good.

By: Llama Money

Llama Money — Fri, 15 Aug 2008 15:24:13 +0000

I had no idea that PenFed was so large. I have both of my car loans through them, and love their rates / service. I also use their rewards credit card… great CU to be sure.

As for worrying about them failing, not a bit. From what I understand, their lending standards are extremely high. If you aren’t “bullets” , they aren’t lending you a dime. So they will cruise right on by the subrime mess and not miss a beat.

If only they had more branches around like my bank…. I could drop BoA and have only one major financial institution.