What You Should Know About Credit Unions

Don’t know whether or not you should make an account at your local credit union when you have all of those options for other big banks that are all over the state? Here are some great things that you should know about them that might help you make up your mind.

Credit unions are not banks, insurance companies, brokerage firms, or mortgage companies, but they are financial institutions. They do provide some of the same services as the institutions I have just mentioned.

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There are over 5,000 credit unions across the United States. They are non-profit institutions, unlike banks, but they do offer checking and savings accounts to their members as well as loans and other financial services like banks. Speaking of loans, credit unions may be able to offer you lower rates on your credit cards and loans than banks can. This can be extremely beneficial to some Americans.

Lern more about credit unions by watching the full video and figure out if they are right for you and your money. There are so many benefits of a credit union that they discuss and they have different services that you may be looking for in your town without dealing with a big bank.


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