NYJetsFan.com Forums: Credit Unions Poach Clients - NYJetsFan.com Forums

Jump to content

Toggle shoutbox NYJETSFAN BANTER

Azjetfan is the nyjetsfan #1 pick
MikeGangGree... Icon : (13 May 2015 - 09:59 PM) HEY HEY HEY
HarlemHxC814 Icon : (13 May 2015 - 10:15 PM) HALA HENRIK
HarlemHxC814 Icon : (13 May 2015 - 10:15 PM) f*** OVECHKIN
HarlemHxC814 Icon : (13 May 2015 - 10:15 PM) HOLTBY SUCKS
HarlemHxC814 Icon : (13 May 2015 - 10:15 PM) FIRE RAUL
MikeGangGree... Icon : (13 May 2015 - 10:39 PM) Did you say Raul?
MikeGangGree... Icon : (13 May 2015 - 10:39 PM) https://youtu.be/7iy3nui-aaI
HarlemHxC814 Icon : (14 May 2015 - 05:12 AM) HENRIK OVER RAUL
Jetsfan0099 Icon : (14 May 2015 - 01:31 PM) Dolphins hired Terry Bradway lol
azjetfan Icon : (14 May 2015 - 02:20 PM) Why would the Dolphins do that? Didn't he prove his incompetence with us?
santana Icon : (14 May 2015 - 03:00 PM) well hes been with the jets for years he was in charge of college scouting
santana Icon : (14 May 2015 - 03:00 PM) jets just let him go this year
santana Icon : (14 May 2015 - 03:00 PM) so im sure he will take a similar role with the dolphins as well as provide them a lot of insight about the jets
Jetsman05 Icon : (14 May 2015 - 04:34 PM) the barca madrid fan
Jetsman05 Icon : (14 May 2015 - 04:34 PM) Morataaaa
NJAzrael71 Icon : (14 May 2015 - 06:52 PM) Looks like Mo is going to get at least 40M guaranteed on his new deal. Mac reiterated that the team has allocated the funds for him.
santana Icon : (14 May 2015 - 07:49 PM) Morataaaaaaaaa the bastard child sent away has come back!
azjetfan Icon : (15 May 2015 - 08:33 PM) Hellooooooo
azjetfan Icon : (15 May 2015 - 08:34 PM) As the number one pick I declare this day Azjetfan day
azjetfan Icon : (15 May 2015 - 09:10 PM) Nix that. Tomorrow
MikeGangGree... Icon : (16 May 2015 - 10:41 PM) So Santana your not ready to call it a career yet i see
santana Icon : (16 May 2015 - 10:43 PM) Santana could be on the bears
santana Icon : (16 May 2015 - 10:45 PM) Or better yet the patriots :D
santana Icon : (16 May 2015 - 10:45 PM) JIMMY G-SPOT
azjetfan Icon : (16 May 2015 - 11:05 PM) Santana could be the new ball boy for the Pats.
azjetfan Icon : (16 May 2015 - 11:05 PM) Since they fired the guys who are completely innocent
azjetfan Icon : (16 May 2015 - 11:06 PM) Santana can you deflate a bag of balls in under 90 seconds?
azjetfan Icon : (16 May 2015 - 11:11 PM) Colin Kaepernick is rumored to be back on the block. I wonder if his price has dropped.
santana Icon : (17 May 2015 - 03:45 PM) Eagles should get him
ganggreen2003 Icon : (19 May 2015 - 06:17 PM) What is the status in the contract with Mo?
azjetfan Icon : (19 May 2015 - 08:17 PM) He is under contract for this year and we have the option to franchise him next.
Mr_Jet Icon : (19 May 2015 - 10:32 PM) THE KNICKS!!!
Mr_Jet Icon : (19 May 2015 - 10:33 PM) at #4
HarlemHxC814 Icon : (20 May 2015 - 09:20 AM) BAN MR_JET
Mr_Jet Icon : (20 May 2015 - 11:58 AM) LOL. It's not where you pick, it's who you pick. Knicks fans should remember Russell Westbrook and Chris Paul were both #4 picks also.
RetireChrebet Icon : (20 May 2015 - 02:32 PM) Chan Gailey says Geno is the starter heading into the season. I believe Fitzpatrick is hurt and probably won't even make the roster due to injury otherwise Fitzpatrick should have got a fair shake.
Jetsfan115 Icon : (20 May 2015 - 03:08 PM) egno did look really good in that last game.
Jetsfan115 Icon : (20 May 2015 - 03:08 PM) he just makes too many dumb mistakes
Jetsfan0099 Icon : (20 May 2015 - 04:23 PM) No excuses for Geno, we have a very good team and its up to the QB to not screw it up
Jetsfan115 Icon : (20 May 2015 - 04:43 PM) lol go back to the color coded sanchez system rex had
azjetfan Icon : (20 May 2015 - 06:48 PM) RACIST!
MikeGangGree... Icon : (21 May 2015 - 11:50 AM) Sign Wilkerson damnit!!
azjetfan Icon : (21 May 2015 - 02:01 PM) They will. He isn't in any rush to get into a voluntary mini camp
azjetfan Icon : (21 May 2015 - 02:01 PM) They aren't pushing it either
MikeGangGree... Icon : (Yesterday, 06:31 PM) WOOOOOOOO
Resize Shouts Area

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Credit Unions Poach Clients Misleading title but good info.

Poll: Where do you bank? (5 member(s) have cast votes)

Where do you bank

  1. Large multistate bank (2 votes [40.00%])

    Percentage of vote: 40.00%

  2. Regional or single branch bank (2 votes [40.00%])

    Percentage of vote: 40.00%

  3. Credit union. (1 votes [20.00%])

    Percentage of vote: 20.00%

  4. F the banks its under my bed bitz (0 votes [0.00%])

    Percentage of vote: 0.00%

Vote Guests cannot vote

#1 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,145
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 07 November 2011 - 12:34 PM

http://finance.yahoo...od=bb-budgeting


Thousands of people flooded into credit unions and small banks over the weekend as part of "Bank Transfer Day," an effort to prod depositors to abandon giant banks. But at least some of the big banks won't mind losing those customers.

On Saturday, the Boeing Employees' Credit Union in Seattle signed up a one-day record 659 new members. At the grand opening of a Randolph-Brooks Federal Credit Union branch in Pflugerville, Texas, the parking lot was so full that customers had to leave their cars across the street.

Dozens of people opened an account at the Texas credit union as a local disc jockey gave away prizes. "They'll treat me like a good customer," said Charlie Estes, 33 years old, who pulled his life savings out of J.P. Morgan Chase & Co., the largest U.S. bank as measured in assets. J.P. Morgan declined to comment.

It won't be clear for several weeks how many deposits moved to credit unions—the member-owned cooperatives that can't sell stock and don't pay taxes—on Bank Transfer Day. But the sprawling, loosely organized effort got lots of attention, partly because of controversial plans by Bank of America Corp. and other large banks to charge customers for using debit cards. The big banks retreated after widespread public furor.

[More from WSJ.com: Young Men Suffer Worst as Economy Staggers]

Executives at large banks have shown few signs of worry that depositors might walk out the door. One reason: People who gravitate to credit unions tend to be unprofitable for giant banks because of the small balances they keep on deposit, low number of products they buy and the relatively high account-maintenance expenses at big financial firms.

Moebs Services Inc., a research firm in Lake Bluff, Ill., estimates that it costs the giant banks about $350 to $450 per year to maintain a checking account. In contrast, smaller banks incur costs of $175 to $250 a year per checking account.

Banks try to recoup such costs by imposing overdraft fees and other charges. But new rules in the wake of the financial crisis limit some of those surcharges. The recent debit-card-charge mess was a failed attempt to close the gap.

Many banks also have done away with free checking, unless customers maintain a minimum balance and meet other criteria. But with the average checking account containing $5,200, according to research firm Raddon Financial Group in Lombard, Ill., many customers can't avoid the monthly charges.



More than three-fourths of credit unions offer no-strings-attached free checking, compared with 45% of banks, says Greg McBride, an analyst with Bankrate.com. Deposits at banks and credit unions are insured up to $250,000.

[More from WSJ.com: Make the Most of Holiday Work]

Credit unions held just 8% of federally insured deposits as of June 30, compared with 70% for banks that have assets of more than $10 billion.

Credit-union officials say those figures understate their actual reach in terms of customer numbers because most members at credit unions have small balances. Overall, U.S. credit unions have more that 91 million members, or nearly one in three Americans.

David Small, a spokesman for the National Credit Union Administration trade group, said many of the nation's 7,200 credit unions "are in rural areas where there is no other banking option."

Some bankers complain that credit unions have outgrown their status as a lender of last resort to poor and rural communities, and should be forced to pay taxes just like for-profit banks.

"At a time when state and local governments are struggling with lower revenue, why should some of these credit unions be subsidized if they are not going to provide those services?" said David Locke, chief executive of McFarland State Bank in McFarland, Wis. The bank has about $500 million in assets but is having trouble competing with nearby credit unions, he added.

[More from WSJ.com: The Footage the NFL Won't Show You]

Credit unions are lobbying Congress to let them make more business loans. The current limit is 12.5% of assets. Raising the cap would allow credit unions to diversify their loan portfolios and provide more capital to cash-strapped companies, Mr. Small said.

Yet several large commercial credit unions, which invest money on behalf of their retail members, went bust after loading up on high-risk mortgages during the housing bubble.

Some bank customers said they are unhappy—but not enough to give up the conveniences provided by big banks. "I'd love to change," said Michael O'Donnell, a Bank of America customer in Boston. "But the services they offer would be hard to replace."
Posted Image
0

#2 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,145
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 08 November 2011 - 01:46 PM

I can say we did not have a person come into any of our branches to close an account due to this on Saturday. Although we are a Community Bank so we probably were nor as effected as a Wells Fargo or BofA.
Posted Image
0

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users