I also found out this weekend that my bank, Washington Mutual, went belly up like East River trout. I don't even have close to $100,000, so the FDIC has got my back. JP Morgan Chase bought it, so I think it'll still be around, but I wonder if I should shuffle my banking around. Of course, then I heard that Wachovia got sold off today, too. Man, when major banks like that are going down I have to admit I'm getting a bit skittish.
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I think Isaac said that you just need to find a credit union that doesn't do ARM loans. Or something like that.
I really liked the Eagle Legacy Credit Union when I lived in Denver. But you should be VERY safe with Chase.
Yeah, I was a bit taken back when I logged on to the internet last week and discovered WaMu had gone under. My bank, too.
Yeah, credit unions are swell for loans. I transfered my car loan to one in FL and cut my interest rate in half. I'm just less interested in doing my primary banking with them, since they're not national. The main reason I was with WaMu was that there are branches in all three metro areas I've lived in (Portland, Denver, and Orlando).
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