2
6/5/2007 12:41:16 PM
the etrade checking thing sounds good except:
6/5/2007 1:02:42 PM
I moved my money from BoA to SECU after I became a state employee. I was keeping about 2k in my checking for emergencies, but now that money is in the money market secu account making 4.5%. I still have a BoA checking account since I have a mortgage w/ them and its free, but its only got $50 in it. I do use my BoA visa, which gets points, to pay for just about everything-- I havent really had a problem w/ BoA, but its nice to make some money on my savings, and its real easy to transfer money from savings to checking and back online...they dont charge any fees.
6/5/2007 1:08:53 PM
I have heard from some friends who got over screwed over by this that SECU does not report to the credit bureaus (or at least not in the same way that normal banks do). Basically they have been using SECU credit cards for years, having good spending habits for years and as they explained it, they have no credit history. Can anyone confirm or deny this? I would have to get more details from them to better explain exactly what happened.
6/5/2007 1:15:57 PM
An oh-so-current Wachovia story
6/5/2007 1:50:01 PM
I used to have Wachovia and was never unhappy with them, but SECU seemed to have some better rates and fewer fees so I switched over. There’s also a SECU right beside where I work, so it’s convenient for me. SECU is convenient for while living here, and I like the idea of supporting businesses/companies in my home state. Wachovia started in Winston & is now based in Charlotte, & since I’ve had them before, I’d be willing to go back in I move out of state down the line.
6/5/2007 2:22:51 PM
^ explains the logo
6/5/2007 3:29:16 PM
6/5/2007 3:29:38 PM
6/5/2007 8:18:25 PM
Does anyone actually have etrade?
6/5/2007 11:20:02 PM
Who said the money markets get 4.6%? I've only ever seen 4.5. And I've noticed my Visa-linked SECU card isn't reported to Experian.
6/6/2007 10:09:22 AM
6/6/2007 10:13:09 AM
^^http://www.ncsecu.org/RatesAndFees.aspx?page=9&item=0&name=cntlDepositRates[Edited on June 6, 2007 at 10:16 AM. Reason : -]
6/6/2007 10:15:43 AM
Oh, I was thinking interest rate instead of APY.
6/6/2007 10:32:12 AM
6/6/2007 11:34:35 AM
What about Coastal Federal Credit Union?I am eligible as an employee of my company to get an account there, and one of my coworkers has hers there, and says they're really good, but I'd like more feedback.
6/6/2007 7:17:04 PM
i thought about etrade but $5k sitting at 3.25% changed my mind. i also like being able to go in and talk to someone in person when i have questions.
6/6/2007 7:29:52 PM
6/7/2007 8:25:50 AM
I just noticed, you can get PDF's of that Grassroots Newsletter things theys end out every so oftenhttp://www.ncsecu.org/Resources.aspx?page=0&item=0&Name=cntlNewsletters
6/7/2007 8:52:34 AM
^They send out a Grassroots Newsletter every month with your statement. I guess they started providing the pdfs for people that have opted out of getting their monthly statement in the mail. Nice.
6/7/2007 8:59:57 AM
6/7/2007 9:03:08 AM
I think the point he was trying to make is that the pros hugely outweigh the one con.
6/7/2007 9:13:13 AM
i want to know what the pros are
6/7/2007 10:26:43 AM
Interest rates much higher than the national average and higher than nearly every brick and mortar bank you will find.
6/7/2007 10:31:39 AM
^^ have you not read this thread?
6/7/2007 11:12:58 AM
He's asking why SECU doesn't report to credit agencies. I'm curious myself, but the guy that said it said he can't explain it.
6/7/2007 11:13:44 AM
^ thats not what it sounds like, but it doesn't matter anywayim pretty sure my car loan thru SECU shows up on all three of my credit reports...but i'll check]
6/7/2007 11:15:43 AM
Maybe they report all loans, but not debit card history.
6/7/2007 11:16:36 AM
u mean credit card history right? debit cards don't count for anything.
6/7/2007 11:18:29 AM
yes
6/7/2007 11:19:16 AM
6/7/2007 11:22:29 AM
You have part of the answer already. Another thing to consider is that every time you get a credit card, your potential credit goes down.
6/7/2007 11:26:13 AM
Plus lenders may be worried if you have too much credit available, so it would be a pro if you already had a lot of credit.
6/7/2007 11:34:56 AM
6/7/2007 11:38:45 AM
You gotta read the thread.
6/7/2007 11:42:22 AM
Cheaper to report to only one?
6/7/2007 11:47:11 AM
So am I to infer that a large portion of SECU members don't pay their bills on time & consider it a huge upside to not have their credit reported to the other agencies? I'd really like to hear from DSI again.[Edited on June 7, 2007 at 11:53 AM. Reason : *]
6/7/2007 11:53:06 AM
^You need to re read what people are saying. They are saying that all the pros of membership (high interest rates on their accounts, less fees, etc., etc.) outweigh the con of not having them report to the other agencies. I don't think anyone is saying that not reporting to those agencies is a pro.[Edited on June 7, 2007 at 12:05 PM. Reason : -]
6/7/2007 11:58:28 AM
Yeah. I think Greg just poorly worded his post.
6/7/2007 11:59:14 AM
I don't care about the pros & cons of secu membership. I want to know why they don't report to the other two credit agencies & I'm hoping its not purely to protect members with bad credit. I apologize for not making that clear.[Edited on June 7, 2007 at 12:17 PM. Reason : *]
6/7/2007 12:15:34 PM
i worked at the NCSECU and let me be the first to tell you that a shit load of members there have absolutely terrible credit scores and history.
6/7/2007 1:17:42 PM
What do you expect? They are state employees. They probably don't even make a living wage [Edited on June 7, 2007 at 1:30 PM. Reason : -]
6/7/2007 1:29:34 PM
^^ so you are saying that banks don't have lots of members with shitty credit history? also, it is poor form to publicly say things like that even of you don't work there anymore.^ you can't be serious. i would be willing to bet that most accounts there were aquired by people that have family that work for the state. i got 5 accounts there for family members and myself, and i am the only one to work for the state. not many state jobs pay you like shit. if you have a salary with the state you are making pretty decent money at least. teachers always complain about pay, then come to find out that most teachers make around 32k/yr. i know this is not a high paying job, but it is more than enough to live off of, especially of you are married.[Edited on June 7, 2007 at 1:38 PM. Reason : sth]
6/7/2007 1:34:46 PM
That's the second time this week someone has taken me seriously even after using " "Which emoticon means you are kidding around?
6/7/2007 1:39:20 PM
6/7/2007 1:40:04 PM
this one :i am fucking retarded: [Edited on June 7, 2007 at 1:45 PM. Reason : sgh]
6/7/2007 1:40:49 PM
6/7/2007 2:29:49 PM
A lot of places choose to only report to 1 of the credit bureaus. Just like a lot of CC companies only pull 1 of your reports, rather than all 3. It doesn't matter, shit all pretty much ends up the same anyway. Unless there is incorrect data, all your reports will be in the same range.Debit cards don't build credit. Also, paying your cell phone bill + energy bills doesn't count towards your credit profile (I hear this ALL the time from people). NOT paying them will affect your credit rating, however...I think it's hardly in 'bad form' to post that most of SECU patrons are financial morons. MOST people in this country have shitty credit history + almost no funds. Americans are stupid about money management.[Edited on June 7, 2007 at 2:34 PM. Reason : d]
6/7/2007 2:33:29 PM
6/7/2007 2:37:06 PM
me? an idiot? c'mon...The average savings rate for American households fell down to less than 1% a couple years back.... right, that's smart money management!The U.S. economy practically RUNS on consumer debt.and sorry, but paying your bills on time does NOT help your credit. People expect to be able to obtain credit simply because they've paid their cable bill on time, THAT SHIT WILL NOT FACTOR IN WHATSOEVER. try again.try not to get so defensive, I simply don't agree with your assertion that it's bad form for him to post something like that. get over yourself.[Edited on June 7, 2007 at 2:47 PM. Reason : d][Edited on June 7, 2007 at 2:48 PM. Reason : d]
6/7/2007 2:46:50 PM