Credit Union Choice

[temeculaguy]

I vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.

I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.

I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.

[WestCoastNole]

I am with Wescom and am extremely happy with them – I kept them even when we moved to the other side of the country ( thankfully we moved back ) – They don’t have very many branches in San Diego, but they rock !

[WestCoastNole]

I am with Wescom and am extremely happy with them – I kept them even when we moved to the other side of the country ( thankfully we moved back ) – They don’t have very many branches in San Diego, but they rock !

[WestCoastNole]

I am with Wescom and am extremely happy with them – I kept them even when we moved to the other side of the country ( thankfully we moved back ) – They don’t have very many branches in San Diego, but they rock !

[WestCoastNole]

I am with Wescom and am extremely happy with them – I kept them even when we moved to the other side of the country ( thankfully we moved back ) – They don’t have very many branches in San Diego, but they rock !

[WestCoastNole]

I am with Wescom and am extremely happy with them – I kept them even when we moved to the other side of the country ( thankfully we moved back ) – They don’t have very many branches in San Diego, but they rock !

[meadandale]

[quote=PadreBrian]I would skip SDCCU, according to their annual 2007 report they have about 3 Billion in home loans. Take 33% off that figure…and they are going to have to write off 1 billion dollars of bad debit in the next year.

[/quote]

SDCCU (and most CU’s) are VERY conservative lenders. I’d be very surprised if they issued substantial numbers of risky loans. Remember, CU’s typically don’t sell off the loans they make, they keep and service them. The banks who were causing all the problems were almost immediately selling off the loans that they were originating.

[meadandale]

[quote=PadreBrian]I would skip SDCCU, according to their annual 2007 report they have about 3 Billion in home loans. Take 33% off that figure…and they are going to have to write off 1 billion dollars of bad debit in the next year.

[/quote]

SDCCU (and most CU’s) are VERY conservative lenders. I’d be very surprised if they issued substantial numbers of risky loans. Remember, CU’s typically don’t sell off the loans they make, they keep and service them. The banks who were causing all the problems were almost immediately selling off the loans that they were originating.

[meadandale]

[quote=PadreBrian]I would skip SDCCU, according to their annual 2007 report they have about 3 Billion in home loans. Take 33% off that figure…and they are going to have to write off 1 billion dollars of bad debit in the next year.

[/quote]

SDCCU (and most CU’s) are VERY conservative lenders. I’d be very surprised if they issued substantial numbers of risky loans. Remember, CU’s typically don’t sell off the loans they make, they keep and service them. The banks who were causing all the problems were almost immediately selling off the loans that they were originating.

[meadandale]

[quote=PadreBrian]I would skip SDCCU, according to their annual 2007 report they have about 3 Billion in home loans. Take 33% off that figure…and they are going to have to write off 1 billion dollars of bad debit in the next year.

[/quote]

SDCCU (and most CU’s) are VERY conservative lenders. I’d be very surprised if they issued substantial numbers of risky loans. Remember, CU’s typically don’t sell off the loans they make, they keep and service them. The banks who were causing all the problems were almost immediately selling off the loans that they were originating.

[meadandale]

[quote=PadreBrian]I would skip SDCCU, according to their annual 2007 report they have about 3 Billion in home loans. Take 33% off that figure…and they are going to have to write off 1 billion dollars of bad debit in the next year.

[/quote]

SDCCU (and most CU’s) are VERY conservative lenders. I’d be very surprised if they issued substantial numbers of risky loans. Remember, CU’s typically don’t sell off the loans they make, they keep and service them. The banks who were causing all the problems were almost immediately selling off the loans that they were originating.

[PadreBrian]

The issue is NOT that they were risky loans. It’s that the loans given out 2004-2007 are only worth 70% of the original amount. That’s how much a typical san diego home is now worth if re-appraised.

[PadreBrian]

The issue is NOT that they were risky loans. It’s that the loans given out 2004-2007 are only worth 70% of the original amount. That’s how much a typical san diego home is now worth if re-appraised.

[PadreBrian]

The issue is NOT that they were risky loans. It’s that the loans given out 2004-2007 are only worth 70% of the original amount. That’s how much a typical san diego home is now worth if re-appraised.

[PadreBrian]

The issue is NOT that they were risky loans. It’s that the loans given out 2004-2007 are only worth 70% of the original amount. That’s how much a typical san diego home is now worth if re-appraised.

[Author]

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