St. Louis Community Credit Union (2)

Credit UnionIdaho Central offers a variety of home loans designed specifically to meet your needs. We did save, and don’t regret the savings or the work, but be warned-if you plan to buy a bank owned home and do a lot of painting, it won’t be as cheap as going to the Home Depot and spending $50 to change the color of a small room. The bank-owned home we purchased was in the last stages of the foreclosure process, so the bank to whom the home had reverted offered no guarantees on the condition of the property.

That means that if mold is growing in the walls or the home is infested with termites, the bank doesn’t have to tell the buyer. After our offer was accepted, our realtor acted as a mediator between the seller and our lending institution, and was the first person to discover that our lender had fired (or something) our loan processor and our bank loan was hanging in limbo with no one to close the loan. Buying bank owned homes is brought with obstacles at every turn, and not for the faint of heart.

Since July of 2011, Californians who receive unemployment, state disability or paid family leave MUST use Bank of America’s Visa debit card to receive their payments. Commonly referred to as a convenience fee, a swipe fee or an interchange fee, all credit card companies are allowed to charge merchants a fee for accepting electronic payments, and these fees are often passed onto the consumer. It only includes the 1.7 million Californians who are, conveniently, unemployed.

And while Bank of America did not pay California for the contract or vice versa, Bank of America makes $408,000 in convenience fees if every Californian on unemployment swipes their debit card just once or pays one bill via the internet with their EDD Visa debit card. Don’t forget that BofA was a recipient of TARP (the bank bailout) and thanked you by raising your interest rate on your credit card.Credit Union

BofA wants to make it very inconvenient for you to link your bank account to the debit card. If you do not have a bank account, you either need to get one (not at Bank of America) or refrain from using your debit card as much as possible. B of A along with Citi Bank and other big banks illegally evicted American famalies from their homes and then pled a deal with the Federal Government (along with Citi bank and other big banks)to pay $25 billion for causing a $750 billion housing problem. I was planning on withdrawing the money from bofA to my own bank and now I definitely will.

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