Comments on: What you gain from switching to a credit union

By: lizweston

lizweston — Tue, 09 Feb 2010 19:48:49 +0000

I remember running into a similar problem when I deposited the check from selling my first home. But that was a HUGE check and well out of my normal depositing pattern. It would be annoying to run into the hold issue continually. Like banks, CUs differ on their hold policies, so that’s another question to ask before you switch.

By: Former SCU member

Former SCU member — Tue, 09 Feb 2010 19:40:46 +0000

I used a credit union for years and the one thing they were slow about was clearing incoming checks. If you have payroll direct deposit it’s fine. In my case, my business checking was at another bank. I would deposit say a large expense check, see the money withdrawn from my business banking the next day and yet it would be on “hold” for 10 business days before the CU released it. When I complained they said that I could call and ask them to release it sooner EACH TIME I make a deposit. No thanks!!

By: a funding consultant

a funding consultant — Tue, 09 Feb 2010 08:40:28 +0000

This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free. It’s the old what goes around comes around routine.