Updated about 11 years ago on . Most recent reply
Credit union benefits
Does anyone here use a credit union instead of a bank? I've been liking the advantages credit unions offer, but I want to know what everyone else thinks.
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I love banking with our credit union for alot of reasons. Here are just a few:
- We've got more interest from our savings account (from "dividends") in one month than we did in 10 years combined at the big bank.
- Our credit union visa: 10k starting limit, 9.49% APR, no cash advance or balance transfer fee. Our big bank visa: significantly lower starting limit, 19.99% APR, with hefty cash advance fees and 24.99% apr on cash advance.
- Our auto-refinance: denied by the big bank. Refinanced through credit union at .99% - that's right, less than 1%!
The big banks online banking system was much better... but a small price to pay.