Thursday, October 22, 2009

Credit Unions

I received the newsletter today from Oceanside Christopher, my credit union and this quote was included on the front page:

"If love is wise, it can find ways of working in accordance with provident and just expediency, as is illustrated in a significant way by much of the experience of credit unions."

The quote is from "Caritas in Veritate", Pope Benedict's most recent encyclical. I am happy with Oceanside Christopher and would recommend it for Catholics here on Long Island. Right now there are only 2 locations: Oceanside and Seaford, with the Seaford location moving shortly to a beautiful, bigger building that used to house a bank. However, members can also use other credit unions to access their accounts. With all of the problems in banking recently, the idea of credit unions is looking better and better. It did not help when the government bailouts simply made the biggest banks even bigger. This is one area of economics where 'distributism' can really be done. It is truly unique to be able to do banking in a place with a crucifix right on the wall to your side and truly nice people behind the counter.

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