Tiny credit unions | General financial discussion | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Tiny credit unions
October 6, 2018
8:50 pm
Bud
Member
Banned
Forum Posts: 1375
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

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
Member
Banned
Forum Posts: 840
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline
Go to Top
2sp_EditHistory sp_Permalink sp_Print

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
Member
Members
Forum Posts: 67
Member Since:
October 7, 2018
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

"Bailey's Building and Loan" once had a promotion for ringing a bell.

October 7, 2018
10:08 pm
Kidd
Member
Banned
Forum Posts: 840
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

baileynailey.jpg

October 9, 2018
10:05 pm
Bud
Member
Banned
Forum Posts: 1375
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline
Go to Top
5sp_Permalink sp_Print

What tiny's have you dealt with?

October 14, 2018
9:43 am
semi-retired
Member
Members
Forum Posts: 240
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline
Go to Top
6sp_Permalink sp_Print

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
Member
Members
Forum Posts: 7199
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
7sp_Permalink sp_Print

Yes, the HISA rates are quite poor at Your Credit Union: Just ½%. sf-frown

October 14, 2018
11:30 am
Kidd
Member
Banned
Forum Posts: 840
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline
Go to Top
8sp_Permalink sp_Print

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
Member
Members
Forum Posts: 240
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline
Go to Top
9sp_Permalink sp_Print

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
Member
Members
Forum Posts: 1218
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline
Go to Top
10sp_Permalink sp_Print

Moral of the story: Don't give $8,000 to someone that can't remember what was in their hand a second ago.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.