Thrifty Mommy

Are You a Member of a Credit Union?

by Karen on March 4th, 2008

Credit unions are not-for-profit institutions and they are regulated by the National Credit Union Administration (NCUA).  Here are some benefits of credit unions:

• lower interest rates on loans
• lower fees
• help with your tax preparation
• insurance tips
• giveaways, scholarships, sweepstakes
• higher rates on savings
• not-for-profit
• profits returned to members
• deposits are insured
• owned and controlled by members
• Board of Directors is made up of volunteers
• service driven

Are you a member of a credit union? 

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POSTED IN: financial matters