Credit Union On Line Banking

Here is a website you can use for online banking with Macdill federal credit union.
https://www.macdill.org
https://www.macdill.org/onlineservices
Thanks and Good luck

2006-06-16 10:23:30 by Janice H

Commercial 2 in the series! MONEY Federal Credit Union's agents are at it again, protecting your information when you bank online! Never sit ...

Is it better to open a savings account with a credit union or bank, if you need a line of credit?

Credit Unions usually have better rates.

2008-06-18 08:11:45 by deltadiva012002

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I currently use a credit union and have my mortgage and a equity line of credit with another bank but am considering switching those loans to the credit union. I'm just not sure it is smart to "put all your eggs in one basket". The interest rates would be lower with the credit union for the equity line. Are there fees that would make such a move more costly in the long run?

Having all your accounts at one bank can help or hurt you depending on your account history with that bank. For instance, many banks have loyalty programs that rate you based on you average balances, payment history, etc. Based on that rating, you can get preferred pricing, fee waivers, and rate discounts. For instance, many banks offer "relationship" rates that look at your combined balances in checking, savings, and CD's. I've seen many a customer who had CD's at every bank in town looking for the best rate who could have received a better rate by simply sticking with one bank.

On the lending side, sometimes refinancing may seem enticing, but you may pay early close fees which would outweigh the money saved with a lower rate. Most banks also typically have some sort of fee rolled into their loan products such as a prepaid finance charge or annual fees that vary from bank to bank so be sure to compare apples-to-apples when you consider making a switch. A good banker will give you this information and many banks have tools that can easily compare the monthly payments, total interest paid, etc.

Based on my own background in banking, I've found that for the most part, it was more beneficial to have one bank for most of your accounts. More and more, banks use profiles of a customer's financial situation to determine the best products and services for that customer. In my own experience, it was easier to find ways to help customers when I had more information to examine.

I can think of one instance when this relationship hurt one of my customers. This customer cosigned on her child's line of credit. When the child was unable to make payments, my customers accounts were automatically debited for past due balances. This was a pretty rare situation, but it's at least one example of how loyalty to one bank can hurt you.

2008-06-16 11:11:29 by Kathy C

I've been a member of a local credit union for about 8 years now, but I honestly don't keep any money in there. It's more of a place for me to have my pay deposited into and for me to pay my bills with. My savings is more in 401(k) and a money market account.

I have a Bank of America line of credit loan that I have over the past few years maxed out and paid off in its entirety. Obviously, I have more of a history with them in terms of doing business that I would my credit union.

With that in mind, would it be beneficial for me to apply for a mortgage with B.O.A. or my credit union?

Definately credit union. BofA has one of the highest closing costs on mortgages, and the lowest rated customer service for its mortgage holders.

The credit union will be a lower rate and charge lower closing costs and deal with you as a human for the next 30 years.

2009-05-13 05:51:56 by ninfragile19

Guys seriously .... what paperworks are we talking about? Do I need to show my license? because I want to deposit some checks instead of going inside the bank. There are some air tubes on each lane. What is that for? Help me... I do not want to rob a bank!!!
i havent seen a good answer. anyone knows this at all?

do not hold any weapons

2007-01-17 16:28:29 by my sweet 17