Use a credit union if you can. Invest in your community.
this post was submitted on 25 Dec 2025
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Yup, get your money out of fossil fuels and Israel.
The credit unions are just as greedy. They are all consolidating into big bloated entities too, and then just marketing themselves as "the good guys."
I mean credit unions are often coop owned, but the coop gets 1 cent for every thousand the execs get.
In Canada the credit unions are not like US profit centers, they are there to serve the members. One local one has CEO salary as 178,000. Extra profits are donated to community programs
If you have specific examples or sources I would be very interested to read up on this. Thanks!
For example, Servus CEO - 1.63 million on 2023 financial statements
this is a report about board directors, but you can see it on page 18, the average board director comp is $211k, and one of the directors was at $2M - because they are also the CEO (it could be for one of the coops too, maybe not necessarily a credit union).
There are small ones obviously, like super community focused ones that aren't maybe the big bloat fests the bigger ones are. But there's also a tremendous amount of consolidation at the credit union levels going on, and they ain't going to be doing that for cookies and kumbyas like the reddit crowd thinks they will be.
I've worked in treasury and finance long enough to know the credit unions can be pretty big troughs too. Again not all of them, but do your research. It ain't S&L like the yanks, but it also isn't a layer of innocence.
If I didn't need to handle cash, I'd have closed my accounts with the big 6 ages ago. It's ridiculous that they charge fees for the privilege of giving them your money. Online banks are where it's at now.
With Tangerine you can use Scotia ATMs to withdraw cash with no fees, Simplii has the same deal with CIBC.
I'm aware. I have a Tangerine account. I just don't have access to those near any of the places I frequent. Wealthsimple seems to refund ATM fees (I haven't tested this yet), but then I can't deposit cash.
In Kapitalist Kanada banks rob you!
The other day I needed cash and my regular bank wasn't near me so the idiot that I am decided to use a TD ABM. $5. it cost me 5 friggin dollars to draw out $20. if I weren't in a rush Id have said fuck that but god damn, 5 god damn dollars just to use their ABM?
Yea, any other ATM outside their network up to 5$. Where I used to live, I had banks close enough, but not ATM.
The last thing I found useful was eqbank. Free to withdraw from any ATM.
Great sign of our octopus economy, where size and connections matter more than the product.
More money for the big 6 this year!
YouTube - Sign in to prove you are not a bot.
Nope- I'll just leave.
Use new pipe or freetube if possible.
YouTube is incredibly entitled to videos other people made.