Pros And Cons Of Credit Unions — And There Aren’t Many Cons
This post provided by SavingsAccounts.com.
Tired of paying exorbitant bank fees on everything from ATM withdrawals to monthly account maintenance? Want to be earning a better interest rate on your savings account?
It might be time to look into switching to a credit union. A credit union functions a lot like a bank, but it’s built on a different business model. One that is, as a general rule, friendlier to customers. That can mean big savings on fees, and better interest rates on both savings and loans.
To read the full article: http://blogs.forbes.com/moneybuilder/2011/06/01/pros-and-cons-of-credit-unions-and-there-arent-many-cons/
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GenFed Financial is a financial institution that is owned by the account holders. That means account holders get what they want – the best products, services, rates, fee schedules, quality of service and the most convenient way to access their money and account information.
Very good article. I recently joined a credit union here in Olympia WA (http://www.obee.com), and couldn’t be happier. In addition to the lower fees, the tellers recognize me and greet me by name when I come in!