The Tender For Law

Volume 10

Jun 30, 2015 4:19 PM

Chris Evan

From the Trust but Verify department:

http://financial-dictionary.thefreedictionary.com/Credit+Union http://financial-dictionary.thefreedictionary.com/cooperative http://legal-dictionary.thefreedictionary.com/mutual

I just became aware that the commercial bank I use is a Mutual Company. I used to use a Co-op bank (years ago), now Scott has told us that Credit Unions are what we should use.

It seems that a Credit Union is a cooperative organization that is non-profit. (That sounds good).

But this mutual company seems to have a duty to reciprocate something....ownership in exchange for deposits???

What is the difference between a mutual bank and a cooperative bank?

Read Comments

Scott Duncan

...it was my duty. While thanks is nice, it really has no value. People writing government parasites and asking questions give me value. It does not matter if you understand how. Kind of like Battlefield 2142.

People who play it, do not grasp the value I get, but it's real. SO real, that I wouldn't even charge Janick Paquette money to have sex with me. She's paid plenty :D

Now if ALL PEOPLE READING wrote government parasites, THAT would be priceless...