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Tiny credit unions
October 6, 2018
8:50 pm
Bud
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For example, under 2,500 members or <less 50mill in assets

Pros? cons? usual precautions in case of fail?

October 7, 2018
12:17 am
Kidd
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George Bailey owned and operated a small credit union, called "Bailey's Building and Loan". It had a real family feel and it prided itself on helping local residents, unfortunately during a financial crisis the business ran into trouble. So it is kinda like the stock market, when the market is booming, you can't go wrong, just throw a dart to pick a name. In troubled times, the cream always rises to the top.

Damn you Mr Potter.

October 7, 2018
9:20 pm
maGIC
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"Bailey's Building and Loan" once had a promotion for ringing a bell.

October 7, 2018
10:08 pm
Kidd
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baileynailey.jpg

October 9, 2018
10:05 pm
Bud
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What tiny's have you dealt with?

October 14, 2018
9:43 am
semi-retired
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Just read an add for Your Credit Union.I had never heard of it.3 branches in Ottawa & 2 in Cornwall.Paying 3% for 1 year GIC.It is insured under DICO.Pays 100$ for a referral by an existing client..Poor rates for savings accounts.

October 14, 2018
10:19 am
Norman1
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Yes, the HISA rates are quite poor at Your Credit Union: Just ½%. sf-frown

October 14, 2018
11:30 am
Kidd
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Now i'm confused.

Semi-retired and Norman1, are the two of you referring to Bailey's building and loan?

Mr Gower, please don't hit my sore ear

October 14, 2018
12:13 pm
semi-retired
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Kidd said
Now i'm confused.

Semi-retired and Norman1, are the two of you referring to Bailey's building and loan?

Mr Gower, please don't hit my sore ear  

No,this is just another posting for Tiny credit unions.

October 14, 2018
4:02 pm
Vatox
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Moral of the story: Don't give $8,000 to someone that can't remember what was in their hand a second ago.

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