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From: gadfly@ihuxn.UUCP (Gadfly)
Newsgroups: net.consumers
Subject: Re: Banker (tm??)
Message-ID: <1322@ihuxn.UUCP>
Date: Thu, 16-Jan-86 17:24:32 EST
Article-I.D.: ihuxn.1322
Posted: Thu Jan 16 17:24:32 1986
Date-Received: Sat, 18-Jan-86 01:28:09 EST
References: <185@gc49.UUCP> <153@axiom.UUCP> <91@ttidcc.UUCP>
Distribution: net
Organization: AT&T Bell Laboratories
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--
> >When I go to banks and deal with people (I like the machines better)
> >I deal with tellers, receptionists, and inexperienced personnel.  I
> >guess I don't rate a banker.  My credit unions have people that are
> >friendly and offer me better services much cheaper.  So, credit
> >unions don't have bankers, which is why I go to them.
 
> Depends on the credit union.  The last one I dealt  with  had
> higher  loan rates  than  some local banks, generally discourteous
> help, low interest on deposits, and was inconveniently located...
> 
> The Polymath (aka: Jerry Hollombe)

I agree.  Some credit unions in Madison Wis are even a bit under-
handed, offering checking accounts ("share drafts") with 6% interest,
only it turns out to be 6% on your *lowest* balance during a quarter.
Even worse is their record as co-operatives.  The Rochdale Principles,
formulated by the first co-operative in Rochdale, England, over 100
years ago and subscribed to by every major co-op in the US, state that
co-ops should help other co-ops.  None of the credit unions in Madison
will loan any money to any co-operative corporation, irrespective of
its financial health.  "It's not our policy."  Feh.
-- 
                    *** ***
JE MAINTIENDRAI   ***** *****
                 ****** ******  16 Jan 86 [27 Nivose An CXCIV]
ken perlow       *****   *****
(312)979-7753     ** ** ** **
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