Community Chat

[kivah]

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@Financialgrl wrote:

@kivah  I had a similar experience and my story is long and I'm still angry.   I think I was angry mine was with my CU I'd been member for over 40 years.  As soon as they got me to the back I knew what was happening to me and told no and got up and left.  

My best friend's career was working in a bank and after college she began training which was transferring/learning all the other sections in the bank at that location and then became the manager.   

She retired two years ago and she told me she left bc she'd grown up with and gotten to know all the regular customers, their kids and grandkids over the years.  She used to help some of the elderly who had no one to reconcile their checkbooks and if they were sustaining a lot of fees, she'd waive those. 

Said she retired when she and other managers at other locations were sent to outside training on how to get people to buy into other services (the ones with very high fees that benefit the bank) and she specifically mentioned annuities.  She said she managed to stay under the radar but eventually felt it was becoming more of a quota they wanted her to meet.  Said she couldn't look these people in the eye pushing products that she knew they couldn't afford and not necessarily good for their situations so she handed in her retirement papers.   

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Years ago I worked for a financial advisor as a telemarketer part-time. One day, I had a list of names and phone numbers to call to sell them "a financial program" --- they were all retired. Banks and financial institutions are "white-collar" criminals.