Capital Credit Union

Recently moved to ND and intentionally opened an account at a local credit union so that I could make deposits locally, and electronically transfer funds to other accounts to pay bills. When I set up the account, I explained the purpose of the account to the bank representative, who assured me that I could do what I needed to do through a savings account and set up on-​line transfers. Great.
In the last month have made several cash deposits and requested transfers on-​line. These transfers have taken a ridiculously long time. For example, one transfer initiated on the 12^th, did not get ‘processed’ until the 18^th. When I set up the on-​line account, the bank initiated a withdrawal and deposit is activate the account within 48 hours — when transferring my real money, it takes over a week. Because of this ‘activation process,’ it appeared that they were capable of transferring funds in a reasonable amount of time. After the first transfers took over a week, I asked the teller why it took so long to transfer money. She couldn’t give me a reasonable explanation. In this day of technology, this is completely unacceptable. And remember, 90% of my deposits were cash.
This lag in the electronic movement of my money has caused me to incur over $ 150 in late charges and fees. I will be closing this account immediately. This could quite possibly be the fastest account open and close on record.

Our kids have accounts here. Unbelievable how little interest they receive. It is a credit union. One would think they would do better. I guess we are going to 1834 ourselves out of there.