I know that during the euphoria that was "Move your money and give the too big to fail banks the one fingered salute" was a time where one could read a ton about how great credit unions were. I'm having a hard time going back through old diaries to pick up all the great advice there was. I wanted to ask a few people if they could help me find a good credit union here in Southeast Michigan. Basically, I would want what any good Kossack would want from a credit union. I really do not want to give any money to a too big to fail bank so that they can play casino. Here are my concerns:
1. FDIC insurance. I know there is a credit union version of this, but I'd hate to lose money if a credit union goes under.
2. Solvency. I'd like a credit union with a record of good investment; someone whose been around the block awhile.
3. No stupid hidden fees.
4. Business services. I was thinking of opening a business account. That's why the FDIC insurance and the not going under thing was a big thing. Also, no re-hypothecation please :)
5. Access. If I need to withdraw money at 10 pm, I don't want to have to drive twenty miles to find an appropriate ATM and I am not going to give Bank of America a $5 access fee.
6. Not Evil. I hear some credit unions engage in all sorts of behavior that you have to research really hard to find.
Thanks fellow Kossacks! Look forward to whatever advice or resources you can point me towards.
11:03 AM PT: UPDATE: Okay, maybe it was too innocuous, but I live in South East Michigan near Walled Lake, so that's basically 45 minutes outside of Detroit. There are lots of credit unions, but thanks to you all for helping me figure out how to do research properly.