
We like to point out that, even in times of financial stress, credit unions like American 1 are a steady way to do your banking. Financially, we’re in great shape, and we continue to do all the great things we’ve always done – like this weekend’s Women’s Expo.
But don’t take our word for it.
Productivity blog Lifehacker helps sing the praises of credit unions, offering us not-for-profit financial institutions as a barrier to the weirdness out there.
“With major instability in banking and unprecedented failures and buy-outs, it may feel like the only safe place to put your money is under your pillow,” Lifehacker editor Gina Trapani writes. “While even through buy-outs like Washington Mutual’s, your money remains FDIC-insured, this is a good time to consider an alternative to for-profit private banks—like credit unions.”
Thanks Gina! And be sure to check out the comments section of the Lifehacker article for great comments from credit union members.
Best way to bank? Don’t take our word for it.
Published October 3, 2008 banking Leave a CommentTags: banking, banks, credit unions, crisis, FDIC, financial, insured, lifehacker, market, NCUA, savings, wall street





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