credithelp Posted October 5, 2004 Report Share Posted October 5, 2004 I recently joined a credit union so my account balance is low right now. One thing they have started doing is charging $5 dollars a month if you dont maintain a certain balance in your account. If you have a loan with them then they waive the fee also. Should i drop them and look for another or is 5 dollars reasonable? Link to comment Share on other sites More sharing options...
DocDon Posted October 5, 2004 Report Share Posted October 5, 2004 It's very rare for a small credit union to do such a thing since they are so membership driven (want to keep their members very happy). I was with a CU for more than 10 years, then they started their "fees rampage" after they opened their 8th branch. Closed my account and went with another CU. Link to comment Share on other sites More sharing options...
credithelp Posted October 6, 2004 Author Report Share Posted October 6, 2004 I'll probably look for another one but they charge a 15 dollar fee if you close an account that is not at least 90 days old, so i guess i might as well write some checks and get my moneys worth for a while. The thing that really did it for me was that nobody told me that they had decided to start doing that and i almost bounced a check. If i hadnt looked online one day and noticed i was 5 dollars short i would have definitely bounced my first check. Link to comment Share on other sites More sharing options...
DocDon Posted October 6, 2004 Report Share Posted October 6, 2004 If they imposed that fee, chances are there are other fees as well. Check it out.You have to decide the risk / reward of keeping the account. You've looking at $15 and about $9 for the checks. You also mentioned you bounced a check, meaning your balance isn't always going to be up where they want it. $25 bounced check fee, $5 below min balanace fee = $30 - more than what it would cost you to close the account. Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted October 14, 2004 Report Share Posted October 14, 2004 In today's frenzied environment, I would not have a checking account that actually charges fees for anything.Like, this credit union I joined charged ten claims per month for a certain balance.Like, get bent...I no longer have a checking account with them... Link to comment Share on other sites More sharing options...
DHK Posted October 14, 2004 Report Share Posted October 14, 2004 Yeah, I also got a similar message from Lockheed Credit Union. I'll be closing out that account (only have a savings with them).DCU offers FREE checking & savings (minimum $5 share deposit on the savings). Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted October 14, 2004 Report Share Posted October 14, 2004 Yeah, I also got a similar message from Lockheed Credit Union. I'll be closing out that account (only have a savings with them).DHK, you are with Lockheed???I got a funny story about that credit union.Back in my college days, a buddy of mine was really upset that the university still did not get his paperwork about his student loans. It was causing serious problems in getting him enrolled for that semester.He finally stormed the financial aid office and wanted to know why the proceeds from his student loan from Lockheed had not gotten in yet. The finanical aid office did some investigating and then they discovered the mistake.The boneheads there saw the name "Lockheed" and changed it to "Lackland" Federal Credit Union and changed the address and all the other information.My friend was NEVER a member of Lackland, thus there was no way for Lackland to ever process that.My friend was from Houston (his father was an engineer for Lockheed) but there isn't a branch here in San Antonio. However, Lackland Air Force base is really huge here (that is where all AF recruits start off at) and so is Lackland Federal Credit Union.Now that took some major intelligence deficiencies to pull that one off... Link to comment Share on other sites More sharing options...
stressed in Colorado Posted January 2, 2006 Report Share Posted January 2, 2006 Is it difficult to join credit union with BK history recent Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted January 2, 2006 Report Share Posted January 2, 2006 Is it difficult to join credit union with BK history recentI know plenty of people who have experienced a BK and still got checking accounts. Check out this web site:http://creditunionaccess.com/ It has all the credit unions in your area by size and membership. It is a great web site! Link to comment Share on other sites More sharing options...
stressed in Colorado Posted January 2, 2006 Report Share Posted January 2, 2006 Thanks for the info. Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted January 2, 2006 Report Share Posted January 2, 2006 Thanks for the info.And let us know how things turn out for you... Link to comment Share on other sites More sharing options...
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