Thinking this morning about how many little things are stacked against people without sufficient money.
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Thinking this morning about how many little things are stacked against people without sufficient money.
I accidentally let my backup checking account slip below the minimum balance and got charged a $5 monthly service fee.
When I was younger, that service fee was just part of life. Less than a hundred bucks in the bank, and the bank takes $5 of it. But now, when I can most afford that $5, the bank's, "Nah, we're good."
When you don't have money, they take more of it than when you do.
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When people pitch credit union membership, this is why.
I can only guess at the forces arrayed against CU's forming, expanding, or persisting.
But even as our regional giant CU has taken on so many of the trappings of a bank, they still offer free accounts and have kept & built branches in underserved areas.
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Scott Williams 🐧replied to like jam or bootlaces last edited by
@idlestate @raven Credit unions for the win.