SDCCU is interesting in the way they loan people money. I opened an account there and I was in debt over my head already, and they still gave me a $5000 visa gold credit card, and they refinanced my auto loan at a lower rate then I had with Pt Loma CU, even though my car was 4yrs old and had 60k miles on it.
On the other hand, I applied for a personal loan at a later date and they turned me down even though I had been making all my payments on time on the other loans.
I also asked them about refinancing my house, and they couldn’t qualify me, so I do say yes they are conservative in their home lending practices.
No bank or CU is safe and the FDIC may insure your account today, but if lots of banks go bust they may run out of money to cover as well.
I say there is nothing safer then PHYSICAL assets you can touch that everyone will always want, i.e. gold bars, jewelry, guns, etc. Avoid gold certificates because they are just a piece of paper, if anything happens, you may not be able to get your gold.
This world sure is getting crazy, I hope someone can fix it before it completely implodes. something tells me mccain and obama won’t be those people.
