Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Banks vs Credit Unions Account
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Adrian Nichola, post: 207, member: 6"] Anytime banks are making track record profits and the customers are paying higher charges, lots of people are looking for financial institutions that will assist them save money. The type of institution may be your local credit union. Credit unions provide several financial services that help people increase their own incomes and improve their savings, usually with less or lower charges than standard banks. But these types of institutions also have down sides which make them unattractive for some bank customers. [B]What exactly is Credit Union?[/B] Credit unions are comparable to traditional banks or in other words both institutions offer financial services to customers. Credit union users, like bank customers, have access to check and saves, loan services, and credit cards. [B]However, credit unions are different from bank ways:[/B] One major difference is the fact that a credit union is not really for profit organization. Because credit unions function as not-for-profits, they can offer you higher interest rates on savings accounts, and smaller interest rates on loan services and credit cards. [B]Benefits of a Credit Union[/B] If you have the requirements, credit unions have a lot to offer you more than a normal bank: [B]1. Higher Interest Rates[/B] Credit unions pay high interest rates on all the deposit accounts which includes money market, savings, and checking accounts. All these rates range from 5 to 10 times the amount of interest you will get from your local bank. [B]2. Lower Loan & Credit Card Rates[/B] Credit unions offer you the same as banks, but they are more affordable. Many people use their local credit union for car acquisitions because the rate is usually lower [B]3. Lower Fees[/B] Credit unions have number of charges compared to banks. The truth is, a lot offer checks, cash withdrawals, and electronic transactions free of charge. Many also provide checking accounts with no minimum balance and without having a monthly account service charge. This may save you lots of money a year. Note that Credit unions do charge for bounced check and also overdraft fees like banks, but the amount is usually less. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Banks vs Credit Unions Account
Top