**Full Disclosure: This post is sponsored by Make Your Money Matter, in association with PSCU, though all views expressed are my own.
About a month ago, I shared Facts about Credit Unions. I put some benefits of using credit unions in that post but today I want to go a little more in depth about the great things they offer.
Services:
- Checking and savings accounts, loans, mortgages, credit cards, ATM, wire transfers, etc.
Loans & Interest Rates:
- On average, lower interest rates on loans and higher interest returns on investments
Fees:
- Lower fees, on average, for checking accounts, ATM surcharges, overdrafts and stopped payments
Accessibility:
- Local & shared branches, shared ATMs (There are over 100,000 ATMs in the shared network!)
In addition, member deposits at credit unions are insured up to $250,000 per account by the NCUA. In fact, in the 100 year history of Credit Unions there has never been a U.S. taxpayer bail out.
My husband and I use a credit union and really love everything they have to offer. As long as I have a say, I won’t go back to a big bank!
Do you use a credit union or a big bank?
Since I first got out on my own and opened up my own savings and checking accounts, I have always used a credit union.
we use a big bank but honestly I’ve never looked into a credit union
I love my credit union. I particularly like that they are member-owned…no shareholders to be beholden to for profits. Also, the commitment to encouraging thrift and responsible spending amongst members is refreshing in this day and age.