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The bull case for credit unions

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October 07, 2011 – Comments (8)

Are there any credit unions that are publicly traded?  All of these new checking fees are driving people out of big banks, and credit unions have better interest rates.  They are also less regulated, so it is easier for them to lend.  A lot of people are leaving big banks and dont care if the credit unions are fdic insured because they think all of the big banks will collapse and dont really understand FDIC insurance.  if the big banks are making the credit unions trade at low p/b ratios, I think they may be a steal, especially because 1) they dont hold a lot of european debt like the big banks do 2) the us economy is technically still growing

Am I missing anything, or is this a very bullish combination?  I am not a credit union expert but they seem to be gaining market share and dont have the same problems as the big guys....could be an excellent opportunity.

8 Comments – Post Your Own

#1) On October 07, 2011 at 2:33 PM, motleyanimal (85.99) wrote:

U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations.

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#2) On October 07, 2011 at 2:38 PM, catoismymotor (51.49) wrote:

Look here to learn more about Credit Unions.

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#3) On October 07, 2011 at 2:56 PM, Valyooo (99.34) wrote:

Damn it.  Maybe my thoughts still apply to healthy local banks?

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#4) On October 07, 2011 at 2:58 PM, Valyooo (99.34) wrote:

What about HARL?  I know harleysville, the economy there is fine.  5.4% dividend, 0.95 p/b

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#5) On October 07, 2011 at 4:02 PM, leohaas (31.76) wrote:

Credit Unions may not be FDIC insured, but they are NCUA insured. If your account is $250,000 or under, you should not worry.

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#6) On October 07, 2011 at 5:05 PM, outoffocus (22.74) wrote:

I've been "bullish" on credit unions for years.  But once you join a credit union you become a "shareholder", in that the earnings are paid back to you in the form of "dividends" on your account balances. You are also rewarded with lower interest rates and less fees.  No need to hire a fancy broker to reap those benefits.

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#7) On October 07, 2011 at 7:31 PM, blake303 (29.19) wrote:

You socialists sicken me

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#8) On October 07, 2011 at 8:44 PM, HarryCarysGhost (99.70) wrote:

Dude, I've been with my Credit Union for 22 yrs (God, I'm getting old)

It's Awesome, they treat me great. My CC rate through them is like 9.5%. And if I ever needed a loan they would be more then willing to work with me unlike the big banks.And they don't nickel and dime me with fees

So if you want to invest in a Credit Union just open up an account. Probably one of the best investments you'll ever make. 

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