Who here uses a credit union?

AshleyBurf

Cool, thanks for all the responses!

Anthorn

WillPS wrote: »

Might also be looking at Building Societies, like Nationwide.

What we are essentially talking about in Credit Unions is support for local people in the local community. Along those lines one would think that it would be TSB as an alternative and not " Building Societies like Nationwide" which as its name says is ... er ... nationwide.

PeacefulWaters

Anthorn wrote: »

What we are essentially talking about in Credit Unions is support for local people in the local community. Along those lines one would think that it would be TSB as an alternative and not " Building Societies like Nationwide" which as its name says is ... er ... nationwide.

TSB has branches throughout Great Britain.

DigForVictory

I use a credit union as Farepak went bump & it was local. It held the Christmas money well away from the usual internet banking system. I get a statement each year & a cheque when I ask for it & my family are largely in ignorance of it.
And it's covered, supports local folk at way less than Wonga rates yet gives me a better rate than the big bank. Win all round, really.

agrinnall

Anthorn wrote: »

What we are essentially talking about in Credit Unions is support for local people in the local community. Along those lines one would think that it would be TSB as an alternative and not " Building Societies like Nationwide" which as its name says is ... er ... nationwide.

I can't see any way in which TSB, who are not in the slightest bit 'local' can be regarded as an alternative to CUs. Small BSs operating in a restricted area are probably the best option.

Archi_Bald

agrinnall wrote: »

I can't see any way in which TSB, who are not in the slightest bit 'local' .......

You must now watch this TSB ad continuously for the next 5 hours.

Then write 1,000 times:
Local banking with TSB means that the money belonging to local communities stays in local communities right here in Britain and nowhere else. Local local local

That should teach you once and for all not to think for yourself and to shamelessly ignore carefully crafted Marketing messages

agrinnall

Archi_Bald wrote: »

You must now watch this TSB ad continuously for the next 5 hours.

They've convinced me after 1 watch (anything to not have to listen to their annoying music for another 4 hours 59 minutes 19 seconds).

Anthorn

agrinnall wrote: »

I can't see any way in which TSB, who are not in the slightest bit 'local' can be regarded as an alternative to CUs. Small BSs operating in a restricted area are probably the best option.

You don't know much about TSB then: They make a big thing of local banking supporting local communities. Don't bother with the TSB ad. Just stare at the Credit Union prepaid VISA card I have as my avatar.

pafpcg

TSB is no more "local" than Santander! The TSB division of Lloyds was floated a couple of years ago and was taken over in 2015 by Sabadell, so it's now a wholly-owned subsidiary of a Spanish bank.

Were you thinking of how TSBs used to operate a few decades ago before all the local (trustee) savings banks merged to form TSB bank? I still have my passbook for the account opened by my grandfather with Liverpool Savings Bank a week after my birth; my partner also has one opened for her by her parents with the Wigan Savings Bank. Ah, the culture of thriftiness of the chapel-going northern working-class of yesteryear.....

agrinnall

Anthorn wrote: »

You don't know much about TSB then: They make a big thing of local banking supporting local communities.

Are you this susceptible to all marketing claptrap?