Comments on: Why You Should Join a Credit Union

By: Sara

Sara — Tue, 08 Dec 2009 03:51:23 +0000

I am a credit union member, but the checking/savings rates aren’t really any better than the standard bank. The reasons I joined were that members get really good rates on auto loans and deposits go in immediately, regardless of the time of day the item is deposited. None of the rest of our local banks do that. I got burned several times by my previous bank not crediting deposits for two and sometimes three days later.

By: Harry

Harry — Wed, 02 Dec 2009 00:58:33 +0000

I have been with a Credit Union since my junior year in college and will NEVER give business to a bank. My Credit Union has great rates and even better customer service. We’ve had four car loans, two credit cards and two mortgages with them over the years, and we’ve not had a single problem. Not to mention interest bearing checking accounts and free ATM withdrawals. I’m sure that we’ve saved thousands of $$ during that time. Many people qualify for membership at a CU but don’t realize it. My entire extended family are members now because they are eligible as my family members. Great blog.

By: Bobby

Bobby — Sat, 14 Nov 2009 01:27:44 +0000

Thank you for your information on Credit Unions. For those of us who are sick and tired of being charged for every transaction or change to our account, it is nice to know there is a banking institution out there that does not make this a standard practice. It is also nice to know that Credit Union’s still care about their communities and put money back into them. Thanks again. You have given me something to think about.

By: Emil Croskey

Emil Croskey — Tue, 10 Nov 2009 23:03:50 +0000

Have been a member of a credit union forever. I believe they are b etter because they are owned by the members and not some big corporation

By: Ashley

Ashley — Tue, 10 Nov 2009 16:24:30 +0000

I heart my credit union! I also financed my car through it as well. The only pitfall it that some have very few locations which can be tricky for those that travel around a lot. Otherwise, I’ve always paid less interest, fewer fees, and gotten much more personal service at my credit union than I have ever recieved at a commercial bank.

By: Douglas

Douglas — Mon, 09 Nov 2009 04:17:49 +0000

Heck yah join a credit Union! I had a guest post on my blog recently about How your bank hates you, and i mentioned he should join a credit union!
http://www.mydebtregret.com/blog/2009/11/your-bank-hates-you-guest-post/

By: Curious Cat Investing Blog

Curious Cat Investing Blog — Sat, 07 Nov 2009 13:51:22 +0000

Credit unions offer good value and service. But the real value of credit unions in not so much what they offer but that using them allows you to avoid dealing with unethical banks and finance companies. Unfortunately banks have become focused on tricking customers into paying huge fees instead of provide value to customers and making a fair profit. Thankfully many credit unions believe in providing decent customer service and taking fair compensation for the services they provide. I have used credit unions for years.

By: Credit Card Chaser

Credit Card Chaser — Fri, 06 Nov 2009 06:02:52 +0000

I have contemplated joining a credit union for some time – especially one with a nice juicy high yield checking account.

By: Sam

Sam — Thu, 05 Nov 2009 23:19:44 +0000

I used to belong to a federal credit union which I was able to join through my connection to the Burbank school system. I didn’t think it very different from other banks at the time. Now as I look back, I might have missed something as I am now reading this post on credit unions and their benefits.

By: CollegeTimes

CollegeTimes — Thu, 05 Nov 2009 21:48:12 +0000

Many credit unions now also offer free ATM withdrawals via multiple networks – the most popular being the CO-OP Network. The only major letdown of most credit unions I’ve noticed is the speed/availability of customer service and/or the quality of their website interfaces!