When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict... Articles Tagged ‘credit union’
Bank or Credit Union – Which Is Better?
When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict...
Thursday, March 10th, 2011
When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict... Can I Earn Better Interest by Saving with a Credit Union?
Anyone who’s looked at their savings account statement anytime within the last year or two knows firsthand how low interest rates for savings currently are. In an effort to keep your interest income somewhat close to where it might have been just a year or two ago, you might be looking for other savings options.
Perhaps you’ve considered opening a savings account with your local credit union. Credit unions are similar to banks, except instead of being owned by shareholders who may or may not conduct any actual banking business at the bank, a credit union...
Tuesday, October 26th, 2010
Anyone who’s looked at their savings account statement anytime within the last year or two knows firsthand how low interest rates for savings currently are. In an effort to keep your interest income somewhat close to where it might have been just a year or two ago, you might be looking for other savings options.
Perhaps you’ve considered opening a savings account with your local credit union. Credit unions are similar to banks, except instead of being owned by shareholders who may or may not conduct any actual banking business at the bank, a credit union... 
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