My neighbor who recently sold her house happened to mention today that her buyers couldn’t obtain a loan from Anchor Bank, as their loan department has closed. Oh my gosh I thought – I do my banking at Anchor. Granted my account only totals about $3,500 as I have invested all my assets elsewhere, but the social security office and my pension company send my monthly checks directly to Anchor Bank. And I use the money at Anchor for my daily living expenses – food, gas, clothes, insurance, etc.
Because the FDIC insures Anchor, I know I won’t lose any of my money. But if they go under, it will create a real hassle. A couple years ago, I heard the bank was having some financial difficulties but they were taking care of it and customers need not worry. Even so, I removed $500 and opened an account at a credit union for a little measure of security. But now I’m wondering if I should totally close the Anchor account.
The problem is whom do I call for advice? Certainly not Anchor.
By Hannah www.FunnyPhotosContest.com a photo contest for cute or funny photos and photo captions.
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