[lbo-talk] credit union data

[Albert Sonntag]

Re: LBO-Talk poll: I took my car loan away from Toyota Financial and 
sold it to USAA Credit Union, the credit union for the armed forces, and 
I got cash back and a much better interest rate. I am not a veteran 
myself, nor have I ever been a soldier, but I was married to the 
daughter of a Commander in the U. S. Navy, and that is how I got USAA 
membership. I also have a modest pension there, and they do mostly 
invest in Treasury bonds and foreign money, as Doug mentioned, plus it 
is the best auto insurance there is, and there are other financial 
benefits, not to mention the fact that when I have been stopped by the 
police on the road they seem to respect the fact that I have USAA 
insurance, probably believing I am a veteran.  The "face" USAA puts on 
is 'patriotic' but they know everything about me and have never 
objected.  I have all my money and all my debt with them.

albert

On 11/4/2011 11:01 AM, Jordan Hayes wrote:
>>> why are the CUs just holding onto the money?
>>
>> Because they have no place "in the community" to invest
>> the money safely and profitably.
>
> Rubbish.  At the very least they could profitably undercut "big banks" 
> for refis ...
>
> https://www.patelco.org/loans/auto_loans.aspx
>
> I'm surprised that this "move your money out of a big bank" group 
> doesn't focus on "move your debt out of a big bank" ...
>
> ---
>
> Quick LBO-Talk poll: if you have a car loan right now and it's with 
> one of the big boys, have you considered refinancing with a local bank 
> or credit union?  Why/why not?
>
> /jordan
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
> -----
> No virus found in this message.
> Checked by AVG - www.avg.com
> Version: 2012.0.1869 / Virus Database: 2092/4596 - Release Date: 11/04/11
>