Credit Union Offer (UPDATE)
As pointed out by a number of our readers:
So the Credit Union, which is supposed to be working for the betterment of Chicago Patrol Officers, is actively abetting a circumvention of our contract that requires the City of Chicago to provide First Issue equipment in the case of required items. We guess they're taking a page from Rahm's book about not letting a crisis go to waste.
We hope anyone who participated in this farce realizes that they are assisting in the weakening of the Contract.
Time to vote with your money and start closing accounts.
UPDATE: Here's the link taken directly from the website.
It isn't a joke and we didn't make it up. Go look for yourself before they snatch it down. Our credit union is actively undermining our contractual protections.
So the Credit Union, which is supposed to be working for the betterment of Chicago Patrol Officers, is actively abetting a circumvention of our contract that requires the City of Chicago to provide First Issue equipment in the case of required items. We guess they're taking a page from Rahm's book about not letting a crisis go to waste.
We hope anyone who participated in this farce realizes that they are assisting in the weakening of the Contract.
Time to vote with your money and start closing accounts.
UPDATE: Here's the link taken directly from the website.
It isn't a joke and we didn't make it up. Go look for yourself before they snatch it down. Our credit union is actively undermining our contractual protections.
Labels: contract stuff, un-fucking-believable
posted by SCC at 12:04 AM
114 Comments:
And they are doing it for such an attractive rate of 11.9% - ?
(highway robbery in a crisis)
p.s. Rahm put his Turtle Gear up for sale on Craigslist.
The credit union is a scam. You can do better by shopping around elsewhere anyhow. Their rates suck at the credit union.
Holy shit 12% juice for a year on that loan? That's criminal.
GB you are still a card.
Excuse me? 11.90% Is this a fucking juice loan? Please tell me this is a joke!
After being hosed by outrageous finance charges by them I closed my account.
WORD HAS IT THE PENTAGON WOULDN'T SUPPORT CHICAGO AND RAHM'S PARTY.
CPD Wasn't trained to standard and city had hallow leadership and a lack of creditable training.
****DoD Withheld money and training; Corruption along with fears of looming War and terrorism.
If your going to pay 12% on $1500 closing your account probably wont matter much
Well take it from an officer who was up to his ass in dept!!!, auto/car loan, holiday/xmas loan, credit card loan, personal loan!? This while the people at the credit union would say "don't worry about all the blank spaces, we have all your info on file/record so just sign the YELLOW highlighted areas and we will fill in the rest. So then comes the recession and all, upside-mort., bills coming faster then i can pay them off!! I go in there to work out a payment plan so that i don't lose everything and they refuse to work anything out. So as things would happen i file for chapter 11 and getting out from under all this i get discharged right? Wrong! The credit union comes after me with both barrels loaded and challenge me on discharging everything from the credit union. So i now have to hire a second Attorney and fight them in court, i win my case. The credit union does not care about you as a rank and file P.O.! They will come after you regardless of your situation or/and financial hardships don't mean shit to them. Remember they only take care of the select few wearing white shirts and politicians alike. They are not your friends when you sign on that dotted line, beware?! If they do fight you in court they will lie and say that they told you so when it is not true!! They just want your money! Always take another person with you that can act as a witness on your behalf if it ever comes to that.
"So the Credit Union, which is supposed to be working for the betterment of Chicago Patrol Officers..."
They, just like the rest of us, are in it to make money. Thats it.
they don't know that. its not their job to. their job is to to banking.
The Credit Union is not nor has it ever been a bargain. The whole purpose of credit unions which are not open to the public is to charge its members less for loans and pay more for savings. there may be credit unions who do this. As far as I can tell this one doesnt and never has.
I dont use them
I am not a cop but I do agree with your tag. THis is unbelievable. It is shameful the way Rahm is treating this great department. Hopefully he will be out of here soon and the CPD will be able to hold their head high again without having to bite their tongues because of the leadership in their department and the city itself.
I left our credit union after my first year on the job. I had a better credit union with Marshall Fields when they existed.
So glad I don't have my six figure savings account with them. Almost 12% on a 1500 dollar loan?....rrrriiiggghhhttt.
SCC, if that poster is real, shouldn't our biggest issue be the 11.9% interest rate????
11.9%!!!!!!! The fed rate is close to zero. I can get better rates from my loan shark Louie.
Vote with your feet as it is quite telling when a bunch of accounts just walk away.
Anyone stupid enough to pay out of their OWN pocket, equipment that by CONTRACT, the City must buy , you should be paying 100% interest!
11.9% is cheap for a lesson in how not to violate you own contract.
What dumb-fucks!
All that money spent for a make believe " unit ".
When your kid(s) wants to know what their getting for Christmas / birthday, show them your "turtle gear".
I am closing my account today. Hope everyone else follows.
They are not your friends when you sign on that dotted line, beware?! If they do fight you in court they will lie and say that they told you so when it is not true!! They just want your money! Always take another person with you that can act as a witness on your behalf if it ever comes to that.
3/06/2012 12:54:00 AM
OK. So YOU spend yourself into bankruptcy. YOU sign a loan without reading it, and it's the banks fault. Grow up, son.
anyone using the credit union for anything is a fool anyway. You get better deals from banks.
The Credit Union is all tied up with the FOP Lodge and only those with the connections get nominated for 3 year Board of Directors spots. Lotta' cross-polinization without scrutiny. Been going on a while - I stumbled across the connection 12 years ago at least! I think I posted about it the first year the blog was up and running. I'm sure all the cronies involved have pure motivations. Below is pasted from Credit Union website. Recognize any of these names?
Current Board of Directors:
*Thank you John Dineen for your many years of outstanding service on CPFCU's Board of Directors!
President Harry Mays
Vice President Tony Navarrete
Secretary Ron Shogren
Treasurer Anita O'Connor
Director James Riordan
Director William Rapier
Director John Fumo
Director Kenneth Hauser
Director Kathy Hayes
Weakening of the contract. Haaaa Just wait and see how we get fucked. And most on C.P.D. will say, Oh wel at least I still have a job. Fuckin idiots we are because we don't stick together.
We wil lose Uniform allowance
Duty availability and 2 holidays. Our raise will be less than the amount we lose from the above afformentioned. There are cops on this job that would pay to come to work. We have only ourselves to blame.
p.s.- They also have a shitty Weiss rating so when the desperately-postponed (inevitable) bank collapses begin -they are going in the first or second wave. Read up on how underfunded FDIC insurance is.
That 11.9% is the same as what they do when people are in the Academy, that Credit Union SUCKS!!! I don't know why anyone would want to give their money to them. When you can get a better rate with a credit card you know there is a problem. And don't get me started with that west loop building... WTF does a small credit union need with a building that size???? And piece of property that size???? You guys are getting ripped off by them.
Closing my account today.
I closed my accounts years ago with a-1 credit I got a better rate at a bank that I did not have any accounts with. The credit union not only is acting like a bank but even worse than the banks.
The Credit Union is not much better than a payday loan place. It exists primarily for people who can't get banking services anywhere else because of shit credit, and who are willing to pay outrageous interest rates because it's their ONLY option.
Ever been to the place on 111th? It's like a freaking currency exchange on check day. I closed my accounts years ago when they reduced the number of places I could go to use a free ATM.
Their website is a joke. Difficult to use, poorly designed and confusing to look at. Do yourself a favor and use a real bank.
I'm going to borrow the $1,500.00 and put it all on black. Ching Ching
Who's running that place? Milburn Drysdale?
I guess if you are dumb enough to voluntarily buy the gear, you're dumb enough to pay 12% interest.
Quit crying about an interest rate and learn how to manage your spending and budget your money. Way too many POs live like they think they're kings-- New SUV every two years, summer house in MI, Vegas trip every couple of months.... These are always the same people that bitch about how broke they are all the time and send their kids to public school. If you stop spending everything you make on toys for yourself, you might have some money to save instead of living check to check.
NYPD here. Reminds me of going the first day of our academy. After signing reams of papers the credit union shyster comes in and hands out "loan" applications to help up get started. 3000$.Half the people didn't know what they were getting into and just signed them like everything else. Fine print states if not paid in full in 1 year you are charged astronomical fees and the interest rate jumps to 29.99%. 11.9% to purchase gear the city should provide you guys is a disgrace. If I were a member currently I wouldn't be for long.
If your going to pay 12% on $1500 closing your account probably wont matter much
3/06/2012 12:47:00 AM
.............
Are they making people take the loan? Anyone willing to pay those rates probably can't do any better. Just a guess: the people bitching about the rates are the same people who drive to the credit union in a car with a 72 month note, take nice vacays and generally love above their means. Here's a bulletin: dial it back and save some dough.
so if you think the credit union is so bad, start paying attention and vote some of these 'old' retirees and active officers off the board. We elect these people and there is an election coming up soon. They need some young blood. NOW
11.9%....are you kidding me?...Have you ever been to the southside branch?....you wait in line forever...only two people work the counter....joke....how does that commercial go?...ITS MY MONEY AND I WANT IT NOW!
That credit union does not care for anyone anymore. They are just like chase or tcf! Heard that a couple guys who got shafted by the dept a while ago tried to work with the credit union to make payments until their wack was over and they were treated like shit and taken to court and garnished when they returned to duty. No wonder there are nice new buildings opening for the credit union. With all of our fees ....
are cops that bad of a credit risk? most CU offer small personal loans for half that.
there are plenty of CU you can join that don't require membership in any particular group that will get you much better deals.
not a cop
An interest rate of 11.9% is rather usurious, wouldn't you think? I can buy a beater car on Western Ave. and get a rate better than that.
fuck the patrolmens credit union. I was going through a rough patch years ago and needed to get the terms of a loan I co signed extended. F****k D***s, their POS collection guy sued me anyway. I got two jobs paid off those assholes and never looked back or signed back up. There are a lot of credit unions around with better terms and service than those assholes. Screw em.
I pulled everything out of the Credit Union after an identity theft two years ago. It was pretty funny the way I was treated (not ha ha funny), like a criminal. I realize we have some shady officers, but I am almost certain the Credit Union was responsible for the theft and would not acknowledge it.
After the incident was cleared from my account, I sent them a letter detaining how I was treated and why I was pulling my account and I never heard back.
I keep getting flyers in the mail from them offering "great" deals and I keep smiling as they are wasting your money (if you are a member) on someone who would not put a nickle into their institution.
"...Remember they only take care of the select few wearing white shirts and politicians alike. They are not your friends when you sign on that dotted line..."
3/06/2012 12:54:00 AM
I'm sorry, but THAT is a lie!
They only take care of themselves and THEIR OWN pockets. They are part of the same EVIL fraternity of bankers that are ruining this country and using government bailouts to continually feather their own nests.
Seriously, a lot of what the Occupy Wall Street protesters are angry about, we should ALL be angry about!
How do you think they pay for those new buildings. Its a shame, but they stopped being a viable, savings and loans, option for po's and their familes a long time ago. We have had between us several loans with the cpfcu, paid in full early. We were loyal to our police credit union, a combined 19 year membership. We were counting on that same loyalty in return, especially with our history of paying off our loans early and in full. My significant other had to file for bankruptcy, because of circumstances beyond their control. Two years pass, need a loan for home repairs, denied outright. Even with my high FICO score and willingness to co sign. Yet, i was informed by a former customer, that maybe i should be named, nolan, donahue, d'angelo, healey etc., since most have whatever access they need to get credit union money. Dont know the truth to that, but at this point i didnt care. The credit union was not there when i needed them most. We closed our accounts and went to harris and pnc banks. We got the loan and never looked back.
Used to have an account for the convenience of direct depositing every month and automatic loan payments... until a friend helped me refinance my mortgage and politely told me that our credit union was NOT a bargain and I should deep six the account.
I did and never looked back and I honestly don't miss it one bit!
I agree that if you need to take out a loan for $1500 and pay 12 percent on it, it is likely closing your bank account for about $200 is no big deal. I took a good whiff of their bullshit about 7 or 8 years ago when I needed a loan for an investment property. I got treated much better by every other banks I dealt with and I'll never forget the shyster they set me up with who was trying to convince me that even though they were offering a higher rate, they were a better option because they will always fight for me. Please dude. I realized they were full of it years ago and never used them again for anything.
The only thing attractive thing about the credit union is that they will finance anything and everything....regardless of credit score. They have the highest fees compared to all other banks. Yes, they are a bank and do provide bank type business. But their main goal is to try to find ways to convince us to borrow enough money to eventually take our entire paycheck. Fall behind on a personal loan but paid up on your car loan? They "reserve the right" to repossess your car if any other loans are past due.
I'm sure a few hard chargers took the loan out. Lmao lmao.
You shouldn't need that much money to buy the stuff first off. The loan if you really need it, shouldn't take that long to pay off unless you have NO concept of how to manage your money.
As for the first issue, that only would apply to those with seniority greater then 2002-03 when it was introduced. Anyone hired after that fact it was required equipment and uniform.
I hate how this department and city are run, and I won't tow the company line, but that is the facts. The lacrosse/hockey equipment should cost about $300 bucks or so, not $1500 unless your buying multiple sets. That is a GOD AWFUL loan and I would hope nobody took them up on it. Whatever happened to that small interest loan they offer new PPO's when they are in the academy??
If you have an account there close it. When I came on the job in 93. The homeroom inst. gave us the list of things we needed and I didn't have the money to buy the equipment and uniforms. And when I thought i might have to quit because of money, behold the Credit union came in the room holding a boatload of cash waiving it around like a savior. Of course at 28% and the majority stood in line like sheep because we didn't have the coin. As soon as i paid em off I sent em to hell. REMEMBER YOUR THERE BECAUSE OF US.... To help us not screw us... Close ur account if ur there.
12:54 am. The credit union only takes care of " a couple of white shirts?" Not a real bright statement. Doesn't sound like you are real good with money, either. Further , you didn't completely fill out forms, and let others fill in the blanks for you? While I'm not a fan of CPFCU, I would not blame them for my financial woes.
I pulled out of the credit union 13 years ago, after they quoted me a higher rate than the dealer through chrysler credit when I was looking to buy a truck. Shop around for better rates.
Thats not to say they are all bad. The credit union can do you good in some instances, if you have a bad credit rating or are undisciplined in financial matters, but there are better deals out there.
"Well take it from an officer who was up to his ass in dept!!!, auto/car loan, holiday/xmas loan, credit card loan, personal loan!? This while the people at the credit union would say "don't worry about all the blank spaces, we have all your info on file/record so just sign the YELLOW highlighted areas and we will fill in the rest. . . . They are not your friends when you sign on that dotted line, beware?! If they do fight you in court they will lie and say that they told you so when it is not true!! They just want your money! Always take another person with you that can act as a witness on your behalf if it ever comes to that."
---------
ARE YOU SERIOUS?
What did you do in the first place to BLOW your finacial situation to hell? I would say you are very careless with your money.
Unless you are a "ghetto-rat moron" how dumb can you be to sign your name on the dotted line knowing your in a finacial mess already????
As far as the Credit Union not "being your friend" . .
NO SHIT DUMBASS!!!
They are in business to make make money.
Read a book on how to handle your money YOU MORON!
Anon said:
they are doing it for such an attractive rate of 11.9%
A little gangbanger told me once as I was arresting his ass, "pig, nobody fucks you like your own people"
11.9% shows me this little MF might be right!
Shame on you Police Credit Union, put your credit up your ass.
Slightly OT
Can our FOP please begin to eliminate the MFF (volunteers) from our union. They chose their paths after being advised and that should be grounds to remove them.
I mean you kicked out PeoPle before bc they disagreed with leadership via newspapers and this MFF thing is far worse.
Anyone?
This is why I never banked with them! I took out a loan back when I was in the academy and thats it
Well take it from an officer who was up to his ass in debt
auto/car loan, holiday/xmas loan, credit card loan, personal loan!? This while the people at the credit union would say "don't worry about all the blank spaces, we have all your info on file/record so just sign the YELLOW highlighted areas and we will fill in the rest . . .
----------
Sir,
I think I know what the problem is.
The problem is
you're fucking stupid.
the credit union has been just a bank and not looking at the best interest of its members for many years now. look at that rate. its YOUR credit union. It is supposed to be the place to go. Yet they are just like any bank. They want the money.
Our "fabulous" credit union charges more fees than Fifth Third or Harris by far! I had a real credit union once at a previous job and I still use them. I wanted to do a side by side comparison of fees and interest rates of our credit union and a mainstream bank just to show everyone how ridiculous they are. That's a beautiful new building they have built with our money. It's nice they have such fabulous digs while most of us are working out of stinky shitholes. They will never get a penny of my money. My blood pressure goes up so much that I have to leave roll call whenever they come for their little sales pitches. And they only cheated me out of about $100.00.
The only reason I'm with them is the fact that they double whatever is in your account if you are killed on duty.
Why do signature loans (unsecured) rates start at 8.9% but this loan offer starts at 11.9%? That's the insulting part. Contract issues are one thing but guys on tact, SWAT, GEU, are there voluntarily so buying this stuff is a requirement or they can go back to the district watch if they don't want to.
But yeah thanks a lot CPFCU, if you really gave a crap this loan would be 0% or 1% or something, to show that you're dedicated to the officers who have to work the front lines of this event and possibly get maimed or seriously hurt if they didn't have this stuff. I was pretty disgusted when I saw they were trying to capitalize on our situation like that.
C'mon Scc, if you want to be pissed about the credit union then be pissed for the right reasons, like the rate they are offering, not the fact that they are offering a loan. I believe it is in poor taste that they used "riot gear" as a reason to get a loan, they should have just used the old reason as uniforms. Let's face it, when a lot of us came on we used the credit union for loans for our uniforms; that was a lot of money to shell out. We don't usually have a lot of extra money laying around to buy big ticket items, unless we save for it. Tuition loans, extra Christmas money, etc., they are there. Every single person that went to that training was told they were not getting gear and to use your uniform money for it IF YOU WANT TO BE SAFE AND GO HOME AT NITE. The credit union was capitalizing on that, but they are a business, trying to get business. The credit union has been there for a lot of police officers for many years when a bank wouldn't have been. In poor tasts, yes, but don't hate the player, hate the game. Signed, not a credit union member.
That's $178.50 in intrest if payed back in one lump sum after 12 months. Ouch
Glad to say I've never used our shitty credit union and I never will. I never saw any benefit to banking with them whatsoever. Their rates aren't even competetive with other financial institutions. 11.99%... you might as well put the shit on a fucking credit card.
Well take it from an officer who was up to his ass in dept!!!, auto/car loan, holiday/xmas loan, credit card loan, personal loan!? This while the people at the credit union would say "don't worry about all the blank spaces, we have all your info on file/record so just sign the YELLOW highlighted areas and we will fill in the rest. So then comes the recession and all, upside-mort., bills coming faster then i can pay them off!! I go in there to work out a payment plan so that i don't lose everything and they refuse to work anything out.
------
You are a police officer?
Sorry pal.. unless you or a family member suffered a major illness you are a piece of trash.
My Husband (CPD) and I have been looking for a home loan, and the Credit Union has been no help. We purchased a car 7 years ago and recieved an almost 10% rate granted we had no previous credit history so i understand the gouge. Now dual income good credit standing and you still want to gouge us, and give us poor at best customer service....... needless to say in 2 phone calls to a local bank we are closing soon. I hope!
Sorry about the transposing of FC and CF on that last. you see I only have half a finger to peck with. GFY anyway you credit union whores!
In honor of the Tiny Dancer, my sources tell me the CPFCU will 'cut' their rate to 9.5% on loans for all protective gear for NATO.
This is a limited time offer! Don't delay, apply today!
Anonymous said...
After being hosed by outrageous finance charges by them I closed my account.
----------------------------
You probably have 'outrageous' finance charges because you're a hairgel that doesn't know how to manage his money. All those years of living in Mommys basement and buying new cars every 2-3 years isn't fiscally prudent. But hey, who needs a financial plan for the future, right?? Certainly not YOU.
Anonymous Anonymous said...
Well take it from an officer who was up to his ass in dept!!!, auto/car loan, holiday/xmas loan, credit card loan, personal loan!? This while the people at the credit union would say "don't worry about all the blank spaces, we have all your info on file/record so just sign the YELLOW highlighted areas and we will fill in the rest. So then comes the recession and all, upside-mort., bills coming faster then i can pay them off!! I go in there to work out a payment plan so that i don't lose everything and they refuse to work anything out. So as things would happen i file for chapter 11 and getting out from under all this i get discharged right? Wrong! The credit union comes after me with both barrels loaded and challenge me on discharging everything from the credit union. So i now have to hire a second Attorney and fight them in court, i win my case. The credit union does not care about you as a rank and file P.O.! They will come after you regardless of your situation or/and financial hardships don't mean shit to them. Remember they only take care of the select few wearing white shirts and politicians alike. They are not your friends when you sign on that dotted line, beware?! If they do fight you in court they will lie and say that they told you so when it is not true!! They just want your money! Always take another person with you that can act as a witness on your behalf if it ever comes to that.
3/06/2012 12:54:00 AM
Your up to your ass in debt? Listen did you need the new car? what did you borrow all the money for Christmas for? Simply said IF YOU CAN'T AFFORD IT DON'T BUY IT! I agree the interest rate is way to high but if borrow money YOU are responsible to pay it back! as a CPD officer and member of the credit union for 1 I don't want delinquencies, hope the credit union goes after you and gets all the money back you borrowed! You are just like the ghetto rat that "borrows"all the money runs up the credit cards but does not want to pay it back! You cannot be CPD! asshat!
Quit birching and just don't take loan.
Your credit union is a lackey for the City of Chicago. Take your money and run. In all cases you can get a better deal on your own.
Dropped out aa long time ago and never regretted it.
Make a statement...pull your accounts. If the credit union cared they would offer the loan at a fair rate say 3%.
Hate to say it but if you're stupid enough to sign for a loan with blank spaces for amount of interest charged, you have more problems than a 11% loan.
Why woulsd you be surprised that the credit union charged a higher rate than through Crysler? Car companies have been doing that for years. I few years back, like 3 I bought a Pontiac G8 and it was 0% financing How could you expect the credit union to compete with that
After some of these comments maybe the academy should offer a few classes on economics and handling your finances.
One thing I will say is if your on the other end of the spectrum, no bank or S&L can match the CD rates the credit union is offering I've still got one for 4 1/2%
The Patrolmens credit unit has never really been there to help officers. They charge crazy rates to borrow and give crazy low rates of return on your money. They are no different than a big bank like Chase or Bank of America. I learned my lesson once. Never again will do business with them.
Gang/tact that were supposed to be Tier1, need turtle gear. Gang/tact are voluntary. If the city is requiring ALL cops to buy it, then yes, the first issue should be covered by the city. But not to po's that volunteer for these teams. Bike guys (and ladies) have to buy their own bike gear. If you don't wanna buy it, go back to the watch.
i closed my account years ago. they suck!
Slightly OT
Can our FOP please begin to eliminate the MFF (volunteers) from our union. They chose their paths after being advised and that should be grounds to remove them.
I mean you kicked out PeoPle before bc they disagreed with leadership via newspapers and this MFF thing is far worse.
Anyone?
3/06/2012 11:15:00 AM
I wish they would kick me out. I could use the extra 50 bux dues money to pay bills. I don't need their attorneys and I'm personally tired of funding people's careers to live large and prosper while they forget about who they are working for. Please kick me out.
Manage your money right you fucken morons. They offer the best car loan rates if your credit is good. So learn how to spend and save instead of spending it on some stripper. Idiots!
The Credit Union has been Fucking it's Members for as Long as I have been on the job which is the reason I closed my Account years ago! They treat you like second class citizins and charge high interest rates... They will never get any of my buis!!
In summary the credit union sucks. Went there in 2010 for car loan and determined that Chase had much better rates. Went with Chase and got a great rate.
Fellas, that 12% juice to buy your turtle gear is damn smart economics. Because the Hairgel Heaters are gonna be in the front lines . . . for the sec 1983 suits. The CU'll get your frontloaded interest payments for 36 months . . . until you declare pre-judgment bankruptcy and the CU is cut off.
stay away from the credit union...
The only reason that my account is still open is because of the free life insurance policy for account holders. I think it might be 5k.
Unbelievable!!
I just financed a new car through CPFCU. Interest rate- 1.54% Could have got 0% via ford credit with $1000 cash back. I instead went with the CPFC at 1.54 and got $3000 cash back. Did my homework and even with the higher rate still came out $1200 to the good.
It all depends on your credit score. If your credit score is shit you have to pay the higher rates. You knew that when you signed on the dotted line.
Show me one other place that will give you an unsecured personal loan with a better interest rate.
I just love all the people that live solely on credit then bitch when they have to pay it back. It is always the banks fault. What did you think was going to happen if you could not pay it back???
It's OK Mr. Non paying bust out, we understand that you spent your way into a large dark hole. Because you are a Police Officer, you don't have to pay back all that money you borrowed. NOT!!!
I have a family member that owes $20,000 on one of her credit cards. All she does is bitch about the $900.00 a month payment and how she would never have dealt with them in the first place if she knew how she would be treated when the payments were late.
I know too many coppers that live WAY beyond their means and then bitch about not enough over time or special, and working a second job. IT'S YOUR FAULT!
You are driving a new Land Rover, wife's driving a Lexus, just bought a new Harley, need the Land Rover to tow the boat. Paying a $400,000 mortgage on a house worth $180,000 in Mt. Billywood. IT'S YOUR FAULT!
I call it the poor me syndrome. Why are they always picking on me? It's the banks fault, the Credit Unions fault, my mortgage Co. fault. Newsflash idiot, IT'S YOUR FAULT!!!!
Yes they are a business and the whole idea when running a business is to make money. This is not a new concept. It dates back 1000s of years.
The reason that loans can be difficult to get and rates are so high is because of non paying, bust outs like you. Even those that have good credit and pay their bills have to pay higher rates. Why you ask? I'll tell ya.
IT'S YOUR FAULT!!!
So quit BITCHING about the CPFCU, you bank and your mortgage co. Pay your bills, start living within your means or go get a third second job!
The City, FOP, CPFCU or you bank are not to blame.
IT IS YOUR FAULT, IDIOT!!!
They are just a regular bank folks. If I call myself the superintendent does that mean it's true? We do not have a credit union.
12% for equipment we should be issued?! John Gotti didnt charge 12%!
i just purchased a new car. my credit score is over 800. the car dealership offered me a much better loan than our credit union.
If you are military, former or reserve go to USAA. They are hands down the very best out there on everything, including insurance.
Anonymous said...
Manage your money right you fucken morons. They offer the best car loan rates if your credit is good. So learn how to spend and save instead of spending it on some stripper. Idiots!
3/06/2012 05:10:00 PM
Agreed the people that want out we don't need anyway! Like the ghetto clown who went bankrupt and now wants the credit union members to write off his debts a big FUCK you to you goof!
vinny "the shark" bambino has lower rates.
I have had an account with the credit union since 1973. I have direct deposit there and do not take out any loans. I am now retired. But , after seeing this and how they treat the active officers with this juice loan rates, I will now consider closing my account. The credit union should be ashamed of themselves. I keep about 10 grand there and now they are lending it out for juice rates.
So glad I don't have my six figure savings account with them. Almost 12% on a 1500 dollar loan?....rrrriiiggghhhttt.
3/06/2012 03:08:00 AM
Dude if you have six figures in savings you are crazy! You are giving a lot of money away by way of inflation everyday, invest it in something, there are plenty of secure investments you can make at least 5%.
11.9%, you would be better off putting it on your charge card.... fuck the FOP and fuck the credit union
Anonymous said...
If you are military, former or reserve go to USAA. They are hands down the very best out there on everything, including insurance.
3/06/2012 11:25:00 PM
True, to a point. I am retired Army Reserve. I refinanced my house with USAA, great rates and great service.They were too expensive for home owners and auto insurance. Your children can use USAA as long as you remain a member. I have not tried their bonds or mutual funds but they are consistently rated high on these. Loans? Not a clue.
Anonymous Anonymous said...
I have had an account with the credit union since 1973. I have direct deposit there and do not take out any loans. I am now retired. But , after seeing this and how they treat the active officers with this juice loan rates, I will now consider closing my account. The credit union should be ashamed of themselves. I keep about 10 grand there and now they are lending it out for juice rates.
3/07/2012 01:26:00 AM
Wow if you take that big amount out they will close!
in '91, my now retired father said better read that loan contract.
It was crap terms, and junk mail that day had an offer for a $5,000"Line of Credit" from Citibank.
Called, applied, parents co-signed, had expediated uniforms purchased.
The Patrolmans Federal Credit union is NOT in the business to help Coppers, but in business to make money. There a psuedo-bank.
What benefits do you recieve?
The cool debit/credit card with the pic of a squad on it. What else? points program? Toaster for paying off a loan? Steak knives? OH i forgot Pens when ever you need 'em.
NO absorbitant loan rates cause they have to have to pay for that new building, and construction cost for the new branches.
Loans from the PFCU are expensive money. Shop around, and you'll be suprised. Rates at the new Polish/slavic Credit union at 84th & Harlem are cheap in comparison just wanted you to switch you direct deposit.
Wtf, I've been with the credit union close to 20yrs and never had a problem with them. I'm also pretty responsible with my cash and don't have the problems some of you guys are having,but you guys are scaring me. I just might play it safe and switch in case my situation evers changes. Anything could happen. Wtf.
You probably have 'outrageous' finance charges because you're a hairgel that doesn't know how to manage his money. All those years of living in Mommys basement and buying new cars every 2-3 years isn't fiscally prudent. But hey, who needs a financial plan for the future, right?? Certainly not YOU.
3/06/2012 03:07:00 PM
Easy with the hairgel comment. I agree with you, but c'mon. Old and young alike don't know how to manage money.
So glad I don't have my six figure savings account with them. Almost 12% on a 1500 dollar loan?....rrrriiiggghhhttt.
3/06/2012 03:08:00 AM
Dude if you have six figures in savings you are crazy! You are giving a lot of money away by way of inflation everyday, invest it in something, there are plenty of secure investments you can make at least 5%.
3/07/2012 06:14:00 AM
Yeah thanks for the tip. I am obviously bad with money since I have "only" six figures in my savings account. Sacasm off.
06:14 You are dreaming if you think there are many secure investments making 5%. No way, there are none. Put up or shut up, name a few Dividends, long term CD's no longer are near 5% and those are about the only secure investments. I'll wait for your advice so I can improve my income
are giving a lot of money away by way of inflation everyday, invest it in something, there are plenty of secure investments you can make at least 5%.
3/07/2012 06:14:00 AM
Really? You do not inow of what you speak. There are NO secure investments that pay anywhere near 5%.
Please leave the credit union if you are unhappy. That will make the lines much shorter for me.
Anyone out there have a bank they recommend?
Bottom line - live within your means.
We make enough that we shouldn't need to borrow $1,500. Maybe $15,000 but not $1,500 which is less than one pay check.
12% for equipment we should be issued?! John Gotti didnt charge 12%!
3/06/2012 09:36:00 PM
Why should it be issued? The people that need the stuff volunteered, the dumb asses. If you go to the mounted you buy your own shit. Does the marine unit get free wet suits and flippers and shit? If you are willing to do the work, or dumb enough to volunteer, you have to pay up!
How is this robbery? This is a loan they are giving to help US! If your credit is shit try applying somewhere else, you will insantly be DENIED! If you actually do your RESEARCH and contact the credit union (as I did)you will come to find out the 11.90% they are advertising is only for those who are normally considered credit "unworthy" aka you dont pay your bills and your credit is shot! If you have decent credit they offer a much lower rate. DO YOUR RESEARCH PEOPLE! They are here to help us!
I have good credit and never been late on any of my bills or loans and dont ovedraft my account. They offer me good rates and I have no problems with the credit union. Sounds like many on here have shitty credit and are always ovedrawn and thus have "problems" with the credit union. Im sure the credit union isnt the only place they have a problem with. Go get a payday loan if you dont qualify and wuit compaining already.
I have good credit and never been late on any of my bills or loans and dont ovedraft my account. They offer me good rates and I have no problems with the credit union. Sounds like many on here have shitty credit and are always ovedrawn and thus have "problems" with the credit union. Im sure the credit union isnt the only place they have a problem with. Go get a payday loan if you dont qualify and wuit compaining already.
3/09/2012 11:10:00 AM
Come on now....it's obvious you are an employee of the CPFCU. News flash, even people with good credit care about the rates and fees their bank charges. The police deserve better than this shitty credit union. If you only knew.......
After chasing all the paper hasn't it come to light that John Dineen is one of the owners of this bank?
11.9?????? Any teachers credit union in the state will give you a loan right now for about 4 or 5 per cent if you have an account there. You don't have to be a teacher to open an account at a teachers credit union. I have two. Smallest bank fees around. Their free checking is actually free.
11.9??????? What? Are they my bookies?
There is a good chance they are your bookies.
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