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Question about locally own banks vs credit unions

Submitted by Amuzon1 on Sat, 09/27/2008 - 21:40
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Hi everyone,

I currently bank with Wachovia and in the wake of what has happened not only this past week, but specifically with yesterday's 'for sale' sign on their window, I'm hope some of you will be able to educate me on the merits or lack there of, of switching to either a locally owned/operated bank or a credit union. I live in the Hampton Roads area of VA and we have a few credit unions to choose from including Navy Federal. What are your thoughts on this?

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Check out Solari

Submitted by J.A.H. on Sat, 09/27/2008 - 22:09.

You should read the writings of Catherine Austin Fitts - in particular her piece on what she calls 'tapeworm economics,' and 'Where would Jesus Bank?"

Here are links:
http://solari.com/archive/banks/
http://solari.com/archive/the-american-tapeworm/
http://www.scoop.co.nz/stories/HL0407/S00040.htm

Catherine is a genius and has a lot to say about how we are, in fact, financing the very things we are against by keeping our money in major banks. There is a lot of information on how to 'come clean' and find small local banks with integrity.

Video on banks -

Submitted by Zak Carter on Sat, 09/27/2008 - 22:34.

http://www.youtube.com/watch?v=j94ZJ2Vwtks

The way I see it - banks are out to make money for stock holders - credit unions are out to make money for their members, and unfortunatly lend them money, but I dont borrow, as the borrower is slave to the lender!(anyone - let me know if I'm wrong concerning banks and credit unions!)

Dont forget to sign the petitions to open the debates to all third party candidates!

http://opendebates.org/yourrole/petition/

http://www.ipetitions.com/petition/presidential_debates/inde...

—

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http://www.facebook.com/events/192677970828185/

February 20, 2012 - Veterans For Ron Paul March on D.C.!

Thanks. I'll check it out.

Submitted by Amuzon1 on Sat, 09/27/2008 - 22:09.

Thanks. I'll check it out.

Bump

Submitted by Amuzon1 on Sat, 09/27/2008 - 21:55.

Hate to bump my own thread but I really would like some comments on this before it gets lost in the crowd! The boards are quite active these days. :)

Check out the banner

Submitted by wisen on Sat, 09/27/2008 - 21:54.

at the top of home page

How safe is your bank

Credit unions are also listed

I did, but it doesn't answer

Submitted by Amuzon1 on Sat, 09/27/2008 - 22:01.

I did, but it doesn't answer my question. At least not that I've found thus far.