Twoafros@lemmy.world to

No Stupid Questions@lemmy.world · 1 year ago

What would happen if everyone moved there money from traditional private banks to credit unions/ coop banks

0

What would happen if everyone moved there money from traditional private banks to credit unions/ coop banks

Twoafros@lemmy.world to

No Stupid Questions@lemmy.world · 1 year ago

Can credit union and coop banks replace traditional banks completely?

Chat

slazer2au@lemmy.world
link
fedilink
English
arrow-up
0·
1 year ago
Entirely depends on the CU

I know the ones in Australia would let you withdraw in person , if you were in a town with that CU or via an ATM.

I believe banks are able to pause transactions out if they approach their solvency thresholds.

No Stupid Questions@lemmy.world

nostupidquestions@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !nostupidquestions@lemmy.world

No such thing. Ask away!

!nostupidquestions is a community dedicated to being helpful and answering each others’ questions on various topics.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)

Rule 1- All posts must be legitimate questions. All post titles must include a question.

All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.

Rule 2- Your question subject cannot be illegal or NSFW material.

Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.

Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.

Rule 4- No self promotion or upvote-farming of any kind.

That’s it.

Rule 5- No baiting or sealioning or promoting an agenda.

Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.

Rule 6- Regarding META posts and joke questions.

Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.

On fridays, you are allowed to post meme and troll questions, on the condition that it’s in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.

If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.

Rule 7- You can't intentionally annoy, mock, or harass other members.

If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.

Rule 8- All comments should try to stay relevant to their parent content.

Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.

Rule 10- Majority of bots aren't allowed to participate here. This includes using AI responses and summaries.

Credits

Our breathtaking icon was bestowed upon us by @Cevilia!

The greatest banner of all time: by @TheOneWithTheHair!

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

168 users / day
990 users / week
2.44K users / month
7.68K users / 6 months
0 local subscribers
42.1K subscribers
3.82K Posts
121K Comments
Modlog