Since we've started our Break Up With My Bank campaign ,I have heard some very interesting stories about why people who are breaking up with their banks and joining credit unions. One story I heard was from a friend who was traveling abroad and was not informed about extra fees she would incur by using international ATMs. Because her bank did not inform her of the fees it caused her to overdraw her account! She was venting her frustration to someone else when they pointed out that she doesn't shop at large chain stores, she supports local merchants, and buys local organic food. Why would she put all of her money into one of the largest banks in the country? So, that’s when she decided she was going to break up with her bank and join her local credit union because… it's local, community oriented, and cooperatively owned.
I love that she applied her life style to her relationship with her financial institution. Another great reason to join a credit union!
What have been some of your reasons for breaking up with your bank and joining a credit union?
Wednesday, August 19, 2009
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