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Author: Jozher Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3  
Subject: researching to leave Chase Date: 10/29/2011 5:44 PM
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I'm moving my checkings, savings, and credit cards away from Chase bank. But not sure to where yet.

Why? Because Chase is corrupt. "Corrupt" may not be the right term for a bank which would seem to be operating in a legal fashion, but Chase pays their executives excessive bonuses during tough financial times when most of the country is suffering financially. I'd like to have my money in a bank that is exercising a bit of corporate and social responsibility.

I've heard recommendations to join a credit union - which isn't a bad idea, but my employer isn't associated with one. And I'm not ready to join the theological society to be eligible to join the one credit union that I'm interested in. (nothing against theologians - its just not me).

Besides Chase - I've got accounts with INGdirect too - which as been good to me, but now that CapitalOne owns them I have doubts about making them my primary bank. They were bailed out by taxpayers too, but tbh, I don't know how evil they are... though I'm tempted to make an 'evil bank' index based on the bailout list http://projects.propublica.org/bailout/list But I don't really know if thats a good approach despite my temptation.

The other source of information I've been perusing is MyBankTracker.com which has a small number of reviews indicating best banks (only 50 reviews ranking the best bank, perkStreet Financial). The information is pretty solid for what it is though... customer service, rates, fees, etc. The only factor it's missing is information about the banks corporate and social responsibility.

Anyone else looking for this kind of information?

I have a feeling I need to find a credit union...
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