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rubyred
Joined: This month
Posts: 1088

rubyred
Joined: This month
Posts: 1088

Credit Unions
6/8/2020 at 1:17 PM

Thinking of switching to Compass CU pros & cons ?
saltnpepper
Joined: Jul 2012
Posts: 497

saltnpepper
Joined: Jul 2012
Posts: 497

Compass
6/8/2020 at 3:06 PM

We have been with this credit union for years and are very happy with them. No complaints. Very friendly staff.
Tuli
Joined: May 2012
Posts: 54

Tuli
Joined: May 2012
Posts: 54

Credit Unions
6/8/2020 at 4:48 PM

Compass is excellent! We've been with them for decades. All pros, no cons.
Disco
Joined: Apr 2007
Posts: 233

Disco
Joined: Apr 2007
Posts: 233

Depends on what your needs are
6/8/2020 at 4:49 PM

I needed a loan for under $1000 when I was young. RBC refused to loan any amount under $5000 so I went to the Crocus Credit Union. (Now Compass)

They have been great, loaned me money and even had my account flagged since I paid it off early for the loans manager to come out and tell me anytime I need money, they are happy to help.

Problems are
1. They don't play nice with Paypal accounts, this was a while ago so I had to use another bank to transfer money this way.

2. You HAVE to go to the downtown branch to get money out because the ATM at the 18th street branch always gives me a hassle and declines my request for money.

A credit union is friendlier and not super busy but you might have troubles with bill payments, transfers or odd situations.

I keep my money there because they have always treated me like a person, not a fricken dollar amount. If I could cut the RBC out of my life, I would in a heartbeat.
ledani
Joined: Jun 2008
Posts: 4

ledani
Joined: Jun 2008
Posts: 4

Compass C/U
6/8/2020 at 6:05 PM

I have been with them since they had the bank in the CPR bldg. cons : they now charge golden accounts a fee for using our own ATM or any other credit union ATM. I also opened a checking acc. With Scotia bank when I travel they don’t charge for using their ATMs . If it didn’t cost so much I would consider closing all our accounts and move them to Scotia bank.

Edited by ledani, 2020-06-08 18:07:22
Collie
Joined: Sep 2011
Posts: 395

Collie
Joined: Sep 2011
Posts: 395

Credit Unions
6/9/2020 at 12:17 PM

Great discussion. Haven't personally dealt with this credit union but this discussion enforces how I bank. Cons of credit union. Not as compatible with payments of dome type of accounts ATMs etc but usually are better with lending. Account fees are getting high. So I do my day to day banking with a good national bank. When I need a loan, then I have a credit union account with no fees or debit card and they give me the loan, and just debit my account from the bank my pay cheque goes into. Best of both.