Comment on It sure is, babe!

• VoteNixon2016@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago

  Also, credit unions don’t have insurance on your savings, banks do.

  In the United States, this is just blatantly untrue:

  Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF coverage is similar to the coverage provided by the Federal Deposit Insurance Corporation (FDIC). Credit union members do not need to apply for share insurance coverage as it is provided automatically when they join a federally insured credit union. Each credit union member has at least $250,000 in total coverage for share accounts held at a federally insured credit union.

  From https://mycreditunion.gov/protect-your-money/share-insurance

  Your ignorance is hilarious though.

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  • plantfanatic@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    when they join a federally insured credit union

    You realize they all aren’t…?

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    • VoteNixon2016@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago

      You realize some do?

      Your original statement was that credit unions don’t insure your savings, full stop. Don’t spread misinformation and then try to backpedal when you get called out.

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      • plantfanatic@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

        One is guaranteed, the other isn’t. Is the at so hard for you to comprehend? Or are you just so worried about having a gotcha that you couldn’t read it properly the first time?

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• RipLemmDotEE@lemmy.today ⁨1⁩ ⁨month⁩ ago

  I banked with a federally insured credit union that is free, does not have overdraft fees and have never had a single problem making any kind of payment. Yes, not every credit union does that, but that’s why you research before using a financial institution.

  a credit union that includes all that stuff for free.

  Try reading before reacting.

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