Bye, Bye NFCU

With all due respect I can see why they don't want to do business with you. You have already caused them to lose money; it is not surprising they would not trust you with a credit card or any loan for that matter. What do you want from them: a kiss on the forehead for having to write down your loan. No wonder why our country is going down the tubes.

Just to be fair, I do not think that Tucker's situation is unique.  When economy goes under, everybody suffers. 

On the other hand, NFCU is by no means to blame.  They are doing the right thing from their perspectives. 

So, it is the economy indeed.:-)

What has robbi's partisan political "blast" to do with any of the preceding comments? Is it even germane to the original post?

I would have to agree with Mr. Bye-Bye NFCU. I have left banks for lesser reasons. Though from their prospective under todays government regulations in conjunction with the economy, they only did what they thought was safe. I however believe part of the problem with economy and regulations is our banks being greedy. The basic banking principle was that we put money in their bank allowing them to use our collective moneys to loan to those in need. They gave us a cut of the interest charged the borrower for that privelege. They might also make investments using our money to further capitolize on the money we deposit in their bank. This is ok until they started losing money, NOT because of a significant amount of unpaid loans, but to poor investments. Those with misfortune initially were granted extension of time or even more money until on their feet(within a modest time frame of course). The people making investments just use the non-payers as their patsy. today we have to pay to get to our own money. Add up your atm fees and transfer fees and this fee and that fee, then you will relize the .?% for a savings account is hog wash. The Banks steel your money everyday with make believe fees. I hardly understand my statement anymore. If I exceed a time limit while trying to do a fee based service I get charged a second time for my second effort on a single service. The only way to get back the power we lost is to come together, set a date and make a run on the bank to withdraw all money in interest making accounts. Send a public message to that bank demanding a reduction in fees associated with your own money so that interest earned is truely interest earned. Those "conveniences" we get should be free and there only to attract new members to the free services. the more members the more profit for all who join not just the bankers. Personalized service can no longer exist thanks to imposed regulations due to their greedy ways. Maybe its time for a change in Banking as well as government.    

Right on, Moneyguy!!

I totally agree 100% about what you said about banks (mis)using OUR money and charging fees to get to our own deposits. The coup de gras for me was when I took a check my renter gave me to the bank HE had written it from and they wanted to charge me to CASH IT!!! WTF? It was written on their bank! The check was made out to ME, not a 3rd party....just ridiculous, utterly ridiculous. So I just went down to my bank and cashed it, no problem whatsoever. I was under the impression that a bank had to cash a check written from it. Guess I was wrong. It certainly was that way when I worked at a credit union 18 yrs ago. If the money was in that checking account, the check was cashed. PERIOD!

Between the banks and the insurance companies, ordinary people cannot get ahead. The rich find the loopholes and get richer while the middle and lower classes just fall in the pit!

It's all a ploy to get ppl to invest in the stock market, so they can lose what little they have when it crashes. BTW,does anyone know where their money really goes when they lose it in the stock market? Can anyone explain that to me? Is it just 'play money' to start with and if you don't 'play' right you don't win? SOMEBODY has to have gotten the money, it doesn't just disappear....

I have a NFCU mortgage and they refused to answer my questions regarding ESCROW and how its computered.  I also found out they are not paying the correct amount of interest on the balance in escrow for residence of New York State, it should be 2% not the current passbook rate!  They owe me and the mortgagees of NEW YORK money!  I also wanted to pay extra into my escrow account so that my payments would not increase, that's impossible according to the staff of their mortgage department.  They also REFUSE to give me a contact of their EXCUTIVE OFFICES, they don't take phone calls!

Should be zero stars.

I have been a member for over 30 years.  I lost two jobs in 2011 and ended up having to short sale my home.

Even though NFCU accepted AND approved the short sale, NFCU hasn't reported my mortgage as PAID IN FULL and they ignore my inquires via phone and certified mail.  The icing on the cake, NFCU has cancelled my CC with no prior notice - an account that I have had for 20 years without one, not one, late payment.

Guess who is moving to USAA?   Bye, bye NFCU.

 

No disrespect, but if you did a short sale on your house that means your Mortgage was not paid in full, so the Bank is correct in not reporting it as PAID IN FULL because it was not paid in full.

RE Money guy:

'The basic banking principle was that we put money in their bank allowing them to use our collective moneys to loan to those in need."

No, the basic principle was that banks would lend to those who would be reasonably sure to pay the money back! Need has, and had, nothing to do with it. Many people are needy and wouldn't qualify for a $20 loan much less a bank loan.