I, like most people, am sick of banks and their power over the world. I have recently heard about something called a credit union:
Most credit unions are only for a certain group of people. You have to work for a certain employer, work in a certain industry, etc. Not just anyone can open an account at any credit union. Another drawback is that the services offered by credit unions are not as sophisticated as with big banks. I do a HUGE amount of banking and transfers online. Most credit unions are not set up for that. Lastly, LOCATION LOCATION LOCATION. Most credit unions only have 1-4 branches. So finding one that is close to where you live and work AND that you qualify to be a member of it VERY tricky.
Sorry I like big banks. - Available ATMS all over the US and all over the world - 24 hour customer service - Easy to transfer money - Easy to understand top notch websites - They treat everyone with respect no names like baby, honey or sweetie - Open longer hours Credit unions are not for everyone. If you have ever dealt with overdraft fees - then a credit union is for you. Remember overdraft too much - and they will kick you out. ATM locations all over the US is a big plus for me. Just about everywhere I drive, I can find an ATM from my bank. /