Wednesday, August 7, 2013

How You Can Use A Credit Union

Posted by: admin // Category: Uncategorized // 12:00 am

When people think of a credit union, they may think of a financial institution with limited services that serves a small group, such as members of a company or union. But today’s credit unions are much more complex and much more like banks.

You can use credit unions for a variety of services. Credit unions provide traditional deposit services, such as a checking and savings accounts and certificates of deposit. Most also offer debit cards and may offer electronic banking services.

When it comes to lending, credit unions provide a wide variety of loans. Credit (Read on …)

Wednesday, May 29, 2013

You Can Become A Member Of A Credit Union

Posted by: admin // Category: Uncategorized // 12:00 am

Credit unions can make great alternatives to banks. When you keep your money in a bank, the bank is making a profit. When you belong to a credit union, you share in the profits.

Many people think joining a credit union is difficult and only for people in special circumstances, but this is not the case. While some credit unions are exclusively for people in certain professions or with some other special memberships, other credit unions have a much broader scope. For many credit unions, you need only (Read on …)

Friday, March 22, 2013

Details You Need To Know About Credit Unions

Posted by: admin // Category: Uncategorized // 12:00 am

While credit unions hold deposits similarly to banks, there are a lot of differences between the two institutions. Banks are publicly held companies that have fee structures designed to make a profit for their shareholders.

To open an account, you have to be a member of a group served by the credit union. Each credit union has its own membership guidelines. Examples include people who work for a particular employer, people who work or attend school at a particular institution or people who live or work in a particular geographical area. Family members of members are usually eligible to join (Read on …)

Wednesday, March 21, 2012

The Difference Between A Credit Union And A Bank

Posted by: www.faawestern.org // Category: Uncategorized // 12:00 am

Nowadays the differences are kind of blurred but if you look hard enough you will find that there is still quite a difference between credit unions and banks. Of course, not all credit unions are the same nor are all banks so it helps to know which is which if you want to ensure the best possible future for your investment.

Traditionally, a credit union was, and in some cases still is, a kind of mutual association where local people and local businesses would deposit their savings. These transactions tended to be more personal than your average bank experience and loans were a little easier to get a hold of because of your mutual association. It was often times easier for local businesses to deal with credit unions than with banks.

With banks, the associations aren’t quite so personal although you still find some who endeavor to make you feel like you are truly a part of something. The types of loans you can get at a bank also tend to vary more greatly than some credit unions ranging from a home loan to a car loan or possibly even debt consolidation loans. While the key differences being the level of association and relative ease might seem blurred these days, you can still find examples of these if you know where to look. Just make sure, credit union or bank, you know what you’re getting into.

Wednesday, August 24, 2011

What Is Great About Credit Unions

Posted by: admin // Category: Uncategorized // 12:00 am

In the past few years there have been some pretty unattractive issues concerning banks. Credit unions offer a nice alternative to this problem and in many cases is a better choice than banks.

When you become a member of a credit union you become a stakeholder as opposed to a customer with a bank. Since a credit union is a non profit organization, any profits that are obtained are rewarded to you through low fees and low rates.Check out this link here. One way that money is thrown away when dealing with banks is through ATM fees which are said to have (Read on …)

Sunday, August 21, 2011

Credit Union Facts That You Should

Posted by: admin // Category: Uncategorized // 12:00 am

Credit unions are very flexible when it comes to many things. They are not just like any typical bank that you would open up a checking or savings account with.Credit unions alone come with many great benefits that you wouldn’t be able to get from anywhere else. They offer the best interest rates regardless of the service that you are getting. Interest rates on credit cards are the best at credit unions. Savings accounts have the highest interest rates at any credit union. (Read on …)

Thursday, August 18, 2011

Advantages Of A Credit Union For A Family

Posted by: admin // Category: Uncategorized // 12:00 am

Families have many great advantages when it comes to a credit union. One of the first advantages that it holds is that since they are member owned, you and your family will get to vote on who you would like to serve on the board of directors. This ensures that you and your family are confident about who is handling your finances. You and your family will have a wide variety of different selections available for you to choose from. You can open up a checking account, savings, (Read on …)

Monday, August 15, 2011

Why A Credit Union Is Better Than A Bank

Posted by: admin // Category: Uncategorized // 12:00 am

There are many reasons why credit unions are better than banks for most people especially in the current economic situation. Credit unions are not for profit institutions whose main concern is members versus banks whose main concern is profit margins.

Accounts at credit unions are member owned and are usually limited to employees of a local or nationally recognized company, or membership may be limited to a particular geographic area of residence. Smaller credit unions may require new customers be (Read on …)