Golden 1 One Credit Union
Predatory banking ripoff

Having recommended credit unions in place of banks, in the past, I was concerned when I incurred a fee on my account with GOLDEN 1 CREDIT UNION.

I decided to test GOLDEN 1 CREDIT UNION. I allowed my account to settle, no activity, checks, ATM useage, or ACH transfers. There are no automatic deductions from this account. I balanced my account, to the penny.

I wrote a friend a check and he ran down and cashed it at HIS credit union, which is on the SAME system as GOLDEN 1 CREDIT UNION. This check did not show up on my account, as verified both on-line and by ATM balance for seven days (five business days).

Approximately one half hour before my automatic deposit for pay I went down to the ATM and withdrew just enough to leave a balance slightly insufficient to cover the check.

An hour later I accessed my account on-line and, yes you guessed it, there was an insufficient funds charge sandwiched in between my withdrawal and my automatic deposit.

Co-incidence? I think not. This is planned predatory banking. I paid $18.00 for this valuable information. You can believe what you want.

Credit Unions has sunk as low as regular banks in preying on their clients.

Company: Golden 1 One Credit Union
Country: USA
State: California
City: Sacramento
Address: P.O. Box 15966
Phone: 8774653361

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