I've taken the "Don't Ask" approach. I've had an active Coinbase account since November last, and sent one wire to BitStamp.
Credit unions are testing a blockchain-powered digital identity tool
All met with no objections from the CU. One of my first transaction after opening an account with my credit union was to purchase bitcoin through Coinbase and I've done several purchases since. I've also used B of A and Wells Fargo too. No one has said anything to me. My business isn't dependent on any particular bank so I'm not worried about it. I think it was a good idea to ask. I have wondered why some bitcoin company hasn't either partnered with or started their own credit union to help bitcoin transition with US dollars. I've heard that Coinbase only has 1 bank they work with, which seems a bit risky.
I bank at a local credit union and the manager of the branch I frequent said they have no qualms with my bitcoin startup. Brokerages like Fidelity, Vanguard, and Schwab offer more features than credit unions and even more than national banks, all with zero annoyance about bitcoin related transactions. There isn't much to ask when it comes to credit unions since they don't allow business accounts.
Since you are using it for personal reasons and not business they couldn't really care less as long as you aren't breaking any laws. I have one now for my Tie Dye business, and i'm about to open one for my bitcoin startup. I plan to approach them this week to get written confirmation of their acceptance. Same exact thing happened to me. They said I was the first to ask, but that they don't expect to implement any services related to Bitcoin.
I figure convincing a restaurant with a lot of traffic to get an ATM or getting it for them may be better than waiting for the credit union. I'm starting a business and want to allow customers to pay with BTC if they have them. I plan to use bitpay to process and their integration with braintree to process transactions. I don't know if this will result in money deposited in to my account showing up as having been serviced by braintree rather than bitpay.
Oh you people and your talk about small competitive credit unions. Only credit unions around here are all the same having all conjoined any previously smaller ones all together into this one big happy family that thinks it is a bank. But compared to bank banks in the past, dealing with my credit union has been nothing but a good experience, everyone I've dealt with has been nice and helpful.
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