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 Replies: 9 / Views: 3,543 |
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Pillar of the Community
United States
3345 Posts |
I read about a lot of people using credit unions to get coins and dump searches. What exactly is a credit union and is it basically the same thing as a bank? can I do the same thing I do in banks to get rolls there? Do most of them have coincounters?
THANKS!
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Pillar of the Community
United States
570 Posts |
I am a member of a credit union and it is basically the same thing as a bank. The only difference is that you must be a member to use there services. I have not tried to get coins from other credit unions, so I'm not sure. I have tried Farmers and Merchants Bank and they said I must be a member. As for the coin counters, my credit union does have one, so I'm sure others probably do as well. Good luck hunting!
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Pillar of the Community
United States
3592 Posts |
Big question Rachums,but basically you would have to ask those questions of your local credit union.I think the big reason they cater more to us is that they are usually non-profit so they don't have stock holders to please and worry about.They operate mainly for their members benefit.
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Bedrock of the Community
United States
20753 Posts |
If your in an area like I am a Credit Union is as rare as a 3 dollar bill. We have branch banks on almost every corner is seams but I never saw a Credit Union. I too always wondered what areas have those. In some areas there are two or three banks within a stones throw but no Credit Unions. I'm sure there must be some around somewhere but just not popular in some areas. I could go 5 miles in almost any direction and find a few Bank of America's, a few Chase banks and even a few TCF's, but just no Credit Union.
From what I've read on this forum, appears like the place to go for coins.
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Pillar of the Community
United States
3592 Posts |
The credit unions around here were started by larger manufacturers and only available to certain groups such as teachers,machine shop workers,etc...but I think they have expanded as much as legally possible to include relatives,friends,and families of the same groups.
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Pillar of the Community
United States
842 Posts |
This is an interesting topic. I just became a member of Citadel Credit Union located in Chester County, PA. Being only 19, I was surprised when I walked right in and was able to open an account with them. I am not a member of the Leukens Steel Company (for which it was formed), nor am I a friend or relative of anyone there.
Personally I have found that the credit union has a much higher yield in pre '60 nickels than other banks in my area: almost 10 coins/box more! I don't know why this is, but I do know it is true. I have not started going through other denominations yet, so I can not say whether or not they yield more as well.
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Pillar of the Community
United States
4333 Posts |
The parking lot at my credit union has signs in front of each space saying, "parking for owners only" - that's the difference, I'm actually an "owner".
My wife works at a CU. I'm a roll hunter and she has scored many finds for me there...crazy thing is, in a year's time, they get maybe one other person coming in asking for bulk coin for searching.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Rest in Peace
United States
1729 Posts |
I've belonged to credit unions for 30+ years. The availability of "collector coins" (from silver to prez dollars) in my local CU's main and branch offices is spotty, although I can get current Presidential dollars (but not Sacs) from a CU service center which serves several CU's. By and large, downtown banks seem to be the best source for coins. |
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Moderator
 United States
187446 Posts |
Quote:
The credit unions around here were started by larger manufacturers and only available to certain groups such as teachers,machine shop workers,etc...but I think they have expanded as much as legally possible to include relatives,friends,and families of the same groups. My credit union was started by the company my dad worked for and for many years the only "branch" was in the basement of their corporate office building. To join it you had to be an employee or an immediate family member in the same household. But once you were in, you could stay in regardless of job or family status. Over the years they allowed employees/family of other companies (usually vendors or customers of the host company) to join. Around the turn of the century they made it a "live, work, or worship in this county" rule for membership. Now we are in the process of merging with another local credit union which has a "live, work, or worship in this county" rule for two neighbouring counties, bringing the total to three adjacent counties. |
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Pillar of the Community
United States
3592 Posts |
Quote:
By and large, downtown banks seem to be the best source for coins. That depends on what you're looking for, a coin counter brings in random coins regardless of where it's located. |
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Replies: 9 / Views: 3,543 |
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Posted 06/03/2011 3:09 pm
