[GPSCC-chat] End banks deathgrip on your money

[John Thielking]

I went to Meriwest's web site (www.meriwest.com) and it does appear that
they at least offer online e-statements of your transaction history without
having to log in to or enable online banking. If the e-statements get
updated more than once per month or if certain features of online banking
can be disabled then it seems we have a winner. I will visit them on Monday
to find out more. Thanks Drew.

John Thielking


On Sun, Apr 13, 2014 at 9:06 AM, Spencer Graves <
spencer.graves at structuremonitoring.com> wrote:

>  Credit unions are officially cooperatives.  However, how many credit
> unions have members who actually exercise effective oversight of the senior
> management?  Without that, credit unions can be managed by and for the
> benefit of their senior management, just like private companies.  After
> spending a year studying alternatives, my wife and I moved from Wells Fargo
> to Provident in March 2011.  Last year, I asked about their member
> meetings:  They have an obligatory membership meeting once a year -- in Los
> Angeles.  I'd have to work to learn more about how they manage things, and
> I decided (correctly or incorrectly) that I would be better off spending my
> time elsewhere.  Spencer
>
>
> On 4/13/2014 8:29 AM, John Thielking wrote:
>
>  Drew,
>
>  With all due respect I am proof positive that not just anyone can get a
> checking account with just any credit union. I got turned down by Tech CU
> because they said I had a "derogatory" Chex Systems report. When I ordered
> my "report" and score it had very little in it. It had an item for my
> ordering checks from Chase and an item for my opening an account with
> Citibank.  Nothing else. Not even a report of my 2 overdrafts with Chase.
> My "score" (which cost me $10 to obtain) was some 760+ out of a possible
> 999. I hope you are right in that literally anyone can get an account at
> Meriwest.  I would try them too, but since I'm moving to Eugene in June I'm
> planning to try to open an account with a local credit union when I get
> there.  I hope you aren't simply being insulted by my use of the word
> "bank" when I attempt to make a groundbreaking suggestion about how all
> online accounts weather at a credit union or a bank can be made inherently
> secure, instead of the default for the current system of online banking,
> er, I mean online credit unioning which to the best of my knowledge is
> inherently insecure. Do you know if your credit union offers you the option
> to set up your online access to your account so that you can only view your
> account balance and transaction history and not be able to transfer funds?
> Is this set up only available by walking into a branch and setting it up
> (and can't be switched back and forth online between no funds transfer
> available and funds transfer available?) If they do that, that's great. I
> would hope to find a CU like that in Eugene. Then I can set all my
> passwords that I use on the Internet (except for my bitcoin exchange
> password) to literally be what I have heard on the news is most often used
> by everyone else, ie "password" or "123456789" and I would never lose a
> penny due to ID theft online, at least so long as https remains secure and
> my credit card numbers are safe.. That is what I call an "inherently
> secure" account. If I can't find a CU that offers that feature for an
> online account, then my previous comments stand about wanting to do a
> community project where someone we know (or heaven forbid, us ourselves)
> programs a new type of User Interface that, if you really insist, only CU's
> can use so they can knock Banks flat on their asses by stealing all of
> their customers due to the CU's superior security for the new limited
> access accounts for online credit unioning.  Let's do this thing and stop
> bickering over when it is not OK to use the term "bank" in a conversation,
> or whatever else it was that was ticking you off just now.  You are right!
> Green is GO! Go get 'em baby!
>
>  John Thielking
>
>
> On Sun, Apr 13, 2014 at 7:11 AM, Drew <rainbeaufriend at riseup.net> wrote:
>
>> This is not just my "preference" -- banks are designed to be leaches
>> whereas credit unions are designed from the start to provide service to
>> their members. The Occupy Movement realized this fact and thankfully more
>> and more are moving their money away from the capitalist engines of world
>> destruction (ie. banks) to engines of empowering the people.
>>
>> No senior in Santa Clara County need be stuck with Comerica since for
>> just one example, Meriwest Credit Union is open to any resident of this
>> county. Credit unions have expanded their coverage this way all over the
>> country so most people are covered and need not fund the capitalist death
>> machine via banks.
>>
>> Green is union!
>>
>> Drew
>> --
>> Sent from my Android device with K-9 Mail. Please excuse my brevity.
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>>
>
>
> --
> Spencer Graves, PE, PhD
> President and Chief Technology Officer
> Structure Inspection and Monitoring, Inc.
> 751 Emerson Ct.
> San José, CA 95126
> ph:  408-655-4567
> web:  www.structuremonitoring.com
>
>
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