Originally posted by creditcardfree
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My first "bank" was a credit union that didn't have a local branch. That was in the 1980s? You can do everything by phone or mail. So I guess I never got into much of a banking habit. & then of course all that got replaced by the internet.
I go to my current CU once in a blue moon because it's walking distance from my house (so it's convenient). Mostly use it to deposit cash. (As an aside, I was mostly paid in cash as a teen, but everyone was happy to use me as their ATM). I am guessing this is the primary reason I ever go into a CU branch these days, to deposit cash, and it is not very often.
Reminds me... My kids have a CU account that pays 7% interest. We didn't have to be members so only my kids are members and have accounts there. On the flip side, the only way to get their money out is to go in person. They only earn 7% on first $500 so we go down there once every year to withdraw their interest (which we then deposit in a higher-interest bank). In my mind this is an extraordinary PITA. But I Am just not used to having to go to a branch to do anything.
P.S. I did not choose think CU because of it's location. I think they built this branch after we joined? But I share because is the only reason I ever even really bother to go into a branch. If I had to drive more than one minute out of my way, I'd probably mostly never utilize.
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