Comments on: Bank or Credit Union?

By: Patrenia

Patrenia — Tue, 30 Mar 2010 21:10:37 +0000

Agreed! Both credit unions I’ve been a member of have definitely been very geared towards positive business practices that are beneficial to the members as a whole. They realize that without the members, there would be no credit union. It’s great!

By: Ms. Freeman

Ms. Freeman — Tue, 30 Mar 2010 14:28:57 +0000

Being a former credit union employee I am 100% credit union. They are more flexible, member oriented and much more stable financially then the traditional bank. And because most credit unions are Not for Profit the money goes back into the credit union and not risky investment practices.

By: Patrenia

Patrenia — Sun, 28 Mar 2010 00:25:55 +0000

Yes, the guidelines for admitting new members are getting more and more lenient which is definitely a good thing. Not to say that I want the entire banking industry to crash, but a little competition has always been a benefit for us as consumers. I’ll take my savings anyday!

By: Patty Reiser

Patty Reiser — Fri, 26 Mar 2010 17:19:48 +0000

Early last year I switched to my local credit union after having some major issues with my bank. Never again will I do business with a bank.
There are so many benefits (not mentioned here) to doing business with a credit union. And most credit unions these days are admitting new members as long as you work or live in the designated area. Happy saving!

By: Patrenia

Patrenia — Fri, 26 Mar 2010 02:25:50 +0000

Same here. The kidding part is…I rarely ever have to visit my credit union. When I do though, yes, the service is exceptional. They have come a long ways and have become a very competitive piece of the banking industry. I love it! Thanks Eric.

By: Eric | Eden Journal

Eric | Eden Journal — Thu, 25 Mar 2010 22:45:07 +0000

I’ve been using a credit union for so long I can hardly remember what a regular bank is like. In addition to less fees, I feel like I get more personal service. They also have better rates on home loans. Maybe auto loans too, but it’s been a while since I had one of those. Great article Patrenia.