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Bye Bye First Credit Union

October 30th, 2006 at 02:02 pm

It's kind of a sad day but I just closed out my first bank account and credit card. I opened the checking account when I Was probably 15 or so and got my first credit card when I Was 16.

I finally got around to trying out a local credit union, mostly because I like to mail my deposits and the US mail has become increasingly slow. Plus there are many reasons to have a local bank. Since we tend to pay cash for cars from private parties, etc., one of these days we may need to get a cashiers check, and I am also going to open a safety deposit box. Etc., etc. We have had issues a couple of times people not taking checks that were not from local banks. So overall it was a good move, about time really - we have lived here 5 years!!! But I just wanted to try out our new bank for a while. Well, they are super awesome, their online bill pay trumps my old one by a mile, and now when I pop my checks in the mail they arrive the very next day. Plus if I Was so inclined there is a branch right down the street from my house, if I Was ever in a huge hurry to make a deposit. I have yet to step inside, but I actually lived about 30 miles from my old credit union before and I don't think I ever stepped inside that one either in the 10 years I lived in the area.

Oh yeah, so I got my new rewards card and a $15 annual fee bill for my old credit card in this last week or so. I decided it was time to close it out - haven't used it in years.

Oh well, it is just a little bittersweet to cut up the first credit card I ever owned. Mostly because it all kind of symbolizes how well my parents taught me about credit and banking, making me start young. I am grateful that I do not rue the day I got my first credit card. Wink

Oh yeah, I also went by the Dollar Tree at lunch and spent $16 on stocking stuffers and gifts. I had a little too much fun. The good thing is I didn't grab a basket and I reached a limit to how much I Ciould carry. That was when I knew it was time to go.

I think just dh's family left with the whole christmas thing. & my one son actually. Getting there...

3 Responses to “Bye Bye First Credit Union”

  1. JanH Says:

    I remember closing and cutting up my first credit card a couple of years ago. It was a store card and 25 yrs ago, it was the only one that would give a card to a young couple. Credit was much tighter then. But I got rid of all store cards, still it was a bittersweet moment.

  2. Broken Arrow Says:

    I remember that day as well. I remember having a hard time cutting them, as though they didn't want to die! Stick Out Tongue
    Also, while I was tempted to try something online (like WaMu), I also stayed with a local credit union as well. For my checking anyways. Everything else is online. I like the fact that my basic banking needs can be accessed physically, and I can talk to a real life person if I want.

  3. first credit card Says:

    if you are planning to acquire for your first credit card you should learn how to manage your finances. You have to be responsible with your spending habit to avoid bad credit and debt problems in the future.

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