Discredit to the race

“But our business model requires that we stick it to our customers!”

Um, no, actually, it doesn’t. Especially if you’d like to retain any of them after this cute little recession of yours is over.


  1. Jeffro »

    1 November 2009 · 7:08 am

    Debit card only here – if I don’t have the cash, I don’t buy it. Period. I’ve been “serviced” as a customer too many times.

  2. fillyjonk »

    1 November 2009 · 1:16 pm

    I dunno, I have two cards issued through the two credit unions at which I have accounts and haven’t noticed any turning of the screws of late. (Of course, I tend to ignore what the interest levels are, see below:)

    Of course, that could change. As I am one of those so-called “deadbeats” who pays off the card every month and doesn’t rack up interest charges, I could be in line to see my accounts cancelled in this brave new world.

  3. CGHill »

    1 November 2009 · 1:29 pm

    Credit unions have generally been less likely to stick it to people, although I have to wonder how well this pattern holds up now that just about anyone can get into one. (Used to be, you had to be a member of such-and-such a group before you could open any sort of account.)

  4. fillyjonk »

    2 November 2009 · 8:12 am

    Well, mine are still pretty “exclusive” – the one I use for my banking is for educators, and the other one, where I have a dormant savings account “for emergencies” was the one where my dad has his accounts (educators and children of educators can open accounts there).

    I also admit somewhat of relief to learn that my credit union didn’t dabble in mortgages. They make car loans – which could turn out to be bad enough – but at least they weathered the foreclosure mess OK.

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