Anyone know anything about them? Around Town, posted by Wondering, a resident of the University South neighborhood, on Nov 14, 2008 at 9:58 pm
On Ramona, right across the street from City Hall, there is a sign for an office -- the Palo Alto Community Federal Credit Union.
They have information that, in this credit crunch, they have home loans, credit cards, etc available for residents of Palo Alto, and that they are not suffering from any of the crunch and are stable.
Does anyone know anything about them? How can someone become a member? Does it cost anything? What do you get out of it?
Posted by tom, a resident of the Midtown neighborhood, on Nov 16, 2008 at 8:12 am
Fireman got it right!!!! It was formed originally for employees of the City. I am not sure, but I think it has expanded its membership to a broader base. Drop in and ask them questions. They operate independently of the City government
Posted by Mama, a resident of the Downtown North neighborhood, on Nov 17, 2008 at 8:41 am
Actually Fireman the credit union is not and never has been staffed by City employees.
Tom you are right membership is open to all that work, live or worship in Palo Alto. I've been a member for almost 30 years and LOVE the Palo Alto Community Federal Credit Union. In this day of faceless online business it's very refreshing to be recognized and called by name when doing my banking. Being a member we are privvy to their financials and they are very strong in this currently very shaky industry.
Posted by fireman, a resident of another community, on Nov 18, 2008 at 7:20 am
Mama, you might want to double check that? Many of the worker moved over from cityhall. Kind of like the city owns the credit union. But it stands alone? Parent company stuff.
Where does the buck stop their?
I think if you look at the whole system. It ends up with the City of Palo Alto on top.
Posted by Tim, a resident of the Crescent Park neighborhood, on Nov 18, 2008 at 12:47 pm
Fireman,
Again you have your facts WRONG. Anyone can join the PACU and it is not own or run by the City of Palo Alto. They have many Palo Alto employees that belong because it is next to city hall.
You really need to get a life. Do you really want to spend the rest of your life in front of your computer and degrade anything or anyone that has any connection to the City of Palo Alto? What a waste of a life!
Posted by Mama, a resident of the Downtown North neighborhood, on Nov 18, 2008 at 1:28 pm
You're right Tim, thanks!
Wondering - If you fall under the live, work, worship criteria you can become a member. You just need to open an account just like any other financial institution. Over the years I've had home and auto loans with them, the transactions are very easy and they are always pleasant. They have never come across as if they were doing me a favor, an experience I've had elsewhere. In fact they were appreciative of my business. You can check them out online at Web Link
Posted by Wondering, a resident of the University South neighborhood, on Nov 21, 2008 at 8:37 pm
Well Mama, thanks very much! I went in and they confirmed -- its for anyone who lives, works or worships in Palo Alto. I even asked if any employees used to work for city hall, and none of them had.
They were very friendly. Turns out I can switch my car loan to them and save some serious dough. I've been looking for a switch as my bank has been annoying me lately.
Posted by Mama, a resident of the Downtown North neighborhood, on Nov 25, 2008 at 12:26 pm
I know both of you will be pleased with the services they provide! I hear you Wondering...it's rare to find customer service any longer. You will be blown away by the personal service you receive and you'll find your car loan process so much easier than "big guys". We're thinking of taking out an equity line to do some home improvements, their rates are very competitive!
Report back, I can't wait to see what you guys think.
Posted by Wondering, a resident of the University South neighborhood, on Dec 9, 2008 at 9:51 pm
Well -- what can I say? Thanks all! I can't believe it, actually. Great loan.... enjoyable folks..... no lines! And, so far as I can tell, not a single hidden fee.....
Jeez -- where have you been hiding this place? I'm gonna go for the free checking and free online banking next. if things keep going as I hope, my old bank will have one less customer soon.....
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