The question often makes its rounds. Do you have an opinion? The credit unions I support stand for something for which I give money to keep the cause active. For example, AFLCIO Employee Federal Credit union supports my labor union. Universal City Studios Credit Union gives me a good line of credit. Navy Federal Credit Union supports the troops. Many of these CUs also have very good savings programs. Any good experiences? I don't think I'll be going back to banks any time soon. Oh, they also have low fees which I seldom see.
the only disadvantage of a credit union is not everyone having access to one. if we all did, i seriously doubt most banks would stay in business. i know credit unions would get all my financial business. i was a memeber of the federal employees credit union when i was in the air force. that was how i bought my furst car. but after my term of service was over, i've never had a chance to belong to another one.
I switched from the bank to a credit union and I love it. Credit unions just don't seem to nickle and dime you like banks do. A friend talked me into joining and I haven't looked back since.
My family has banked with credit unions since before 1996; I don't remember when it began though. Before time began (when I was 3 or 4) I can actually remember who we banked with; some off brand bank, but it wasn't Bank of America or anyone. Anyway, I've enjoyed banking with the credit union.
Not true at all. I belong to the NAVY FEDERAL CREDIT UNION. They would certainly accept former AF. Credit unions also accept members based on where they live or where they work or where they worship. Credit Union Locator | MyCreditUnion.gov
I use both. Depending on who has a higher return at the time. Who offers me a no charge checking account. Etc. I like the option of having money available if one or the other is having computer or storm issues
credit unions, if you have access to one, is definately the way to go. only problem not everyone does. i used the federal employees credit union when i was in the air force, but that was the only chance i ever had to do so. that was five decades ago. by the numbers, it was paying 5% interest on savings (banks were paying 3.5 if you were lucky) and charging 4% on approved loans, so i was still earning 1%, while paying off the note on my first car, that chevy panel van.
