Banks and Credit Unions

[BTO_farmall]

sumdumbum,

They're Busy Doin The Harlem Shake!!!!!!!!!!!!!!!!

[Hopperbin]

Well before anyone knocks the local not the big city ones cause their Conexus sorry mentioned a name, Conexus in my opinion is very impersonal I guess they are big have to go by rules or what ever so cannot knock them for being so impersonal. I better not mention that their patronage dividend is about 10 percent of the smaller locals also, no I did not mention that. Was a nice surprise to transfer 12 grand from my local credit union equity account to my checking account last year. Does not actually aquire interest so should do it every year but is the way.

[WestwardHO]

If a lender has a loan/mortgage out for $100,000, and the value of the asset drops 10%, they aren't out a single nickle. Their asset is the loan, and is only in trouble (not as big a trouble as the borrower) unless it goes to default. Banks are full of crap if they force a person out because of a fall in asset value, as long as the loan is being paid. Its all on paper until the shit hits the fan.