Private bank or credit union?

[jeffmem]

I would like to know if anyone here is living overseas and has been successful in getting a CU account? I once had one long ago, but when I quit the job that allowed me to have the account the CU told me I had to close the account. But with interest rates so low right now I am looking for a new CU that I could use for checking and savings.

[Joan.of.the.Arch]

jeffmem, there are credit unions whose only requirement for membership is that you live in their geographical area. I assume you maintain a permanent address somewhere in the US, even if it is with a parent or sibling. You might be able to get into a credit union there. My credit union will allow members to remain members even if they move out of the area--having once lived here and been a member is sufficient.

[wincrasher]

While I absolutely loath Bank of America, I do find that when I use checks written on that account, I get no flack from vendors or individuals. Especially when I'm traveling out of state. To them it's a local bank.

It might be more problematic using a check from joe blow's credit union.

But hey, why not have multiple checking accounts? You just have to keep money in them. Then the rest is easy!

[mrvirgo]

The smartest thing I ever did with my money was move it to Alliant Credit Union. Anyone can join via PTA membership of donating to an orphans' fund on their website. They have one day ACH in and out, excellent customer service on the phone and pay a competitive rate on their savings and checking accounts. They are part of a web of credit union ATM machines that are surcharge free (i.e. at 7-ll Stores) most of which also take deposits (checks only, no cash). You can't do much better than Alliant.

[cyclone1]

Credit unions seem to be easier to work with than banks

[snafu]

Everyone needs to do a bit of research as to whether a bank or CU would best meet their needs at lowest cost. Some CUs are v/bureaucratic and have few ATM machines, using non affiliated machines adds to your costs. What services do you need? Are their outlets on your most used routes? If you wanted a mortgage or car load, where would you find the best rates, best service?

[jeffmem]

Thanks all for your replies, until now I have not found a CU that can help me yet as I have not had much time to look.

jeffmem, there are credit unions whose only requirement for membership is that you live in their geographical area. I assume you maintain a permanent address somewhere in the US, even if it is with a parent or sibling. You might be able to get into a credit union there. My credit union will allow members to remain members even if they move out of the area--having once lived here and been a member is sufficient.

Joan, thanks for this, perhaps this is where I need to start, though I am not sure I will be able to find one just because of a geographicial area, but I will give it a shot.