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Dear Wells Fargo...



March 08, 2012 – Comments (5) | RELATED TICKERS: WFC

Dear Wells Fargo, 

We've been together a long time. We've been through many ups and downs... mostly downs. During our time together I've felt largely unappreciated. You required much of me without really giving much in return. You had a huge gambling problem that almost took everyone down with you and I had to bail you out. What did I get in return? Two name changes and more requirements of me with still nothing in return. But now you've gone too far. You now expect me to give to you just for the privilege of being with you; never realizing that it was more of a privilege to be with me. 

So I'm writing you today to tell you that I've finally decided to leave you. You see I've been cheating on you for a long time with a Credit Union. I love the Credit Union and the Credit Union loves me. The more I give the Credit Union the more the Credit Union gives me back. So I feel I should no longer hold back from the Credit Union by continuing to pretend to be interested in you. So I must say farewell. I don't need you and you treat me like you don't need me. 

Finally cutting the dead weight

5 Comments – Post Your Own

#1) On March 08, 2012 at 11:32 AM, EnigmaDude (62.21) wrote:

I am both a Wells Fargo customer and belong to a credit union (acutally have loans with 2 different credit unions).  There are good and bad aspects to both.  For example, my small local CU just joined with another one to form a larger CU and now they are behaving more like a bank (making it harder to get a loan, for instance).

It does not have to be a choice between a big bank or a credit union, although I am hearing that more and more people are leaving the big banks.  Maybe it will make a difference but I really doubt it.  I guess if it makes you feel better then it was worth it.

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#2) On March 08, 2012 at 12:25 PM, outoffocus (22.87) wrote:

Well this was really more of a post about not settling for an institution that treats you as if they are merely tolerating you.  Hands down my Credit Union is better in every area than Wells Fargo.  The only real downside is the lack of many physical branches.  But they've made it so that I dont really need to go into their branch for anything so it evens out.  Are all CUs as great as mine? Not hardly.  But it feels good not to be bound to some big bank considering their track record over the last few years.  So it goes beyond merely "making me feel better".  Financially I'm better off.

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#3) On March 08, 2012 at 12:38 PM, chk999 (99.96) wrote:

Most excellent (and funny) blog outoffocus!

I feel the same way about BoA. 

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#4) On March 08, 2012 at 6:33 PM, L0RDZ (90.74) wrote:

The banks don't care and don't need customer's deposits.

They can get all the money they want from their uncle at zero and than they can lend it back  for a little more than zero.


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#5) On March 09, 2012 at 9:55 AM, lemoneater (56.87) wrote:

Sounds like you ended an unhealthy relationship. Good for you. Clever blog, outoffocus : )

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