EmmGeeImages (November 30, 1999 at 12:00 am)

People, simple banking 101... if you are any financial institution, you don't pay taxes. Banks, Credit unions, credit card companies, etc. So the fees they charge you, pure profit. So, i have to ask, 40 dollars or 3 dollars at your credit union, for a bounced check? I imagine that lower fees will win out. Also, credit unions are liked nationally too. This makes getting ATMs easy. That used to be a hassle, along with check clearing. but central comuters deal with clearances.

nobodybidness (November 30, 1999 at 12:00 am)

No profit = no tax, right? The would-be profit is distributed to the shareholders who are the account holders. That's the same increase they are talking about. You are re-nameing the same funds. What's the difference?

Robbbbski (November 30, 1999 at 12:00 am)

That's right banksers love paying taxes. That's why they spend so much time and money on tax specialist trying to weasel back every nickel they can from Uncle Sam.

zapatista77 (November 30, 1999 at 12:00 am)

thanks

lonewolf1369 (November 30, 1999 at 12:00 am)

haha zapatista, so true. sweet name btw

zapatista77 (November 30, 1999 at 12:00 am)

oh so the whole trying to make a profit for owners of a bank instead of giving it to its members isnt why?

rogerbeverage (November 30, 1999 at 12:00 am)

Absolute nonsense. The reason credit unions can pay more on select deposits and charge less on selected loans is because they don't pay federal income taxes, and they don't pay most state taxes in addition.