Questions to ask a credit union
If you have decided on going with a credit union opposed to a bank or finance company then here are a few questions to ask.
1. Is your Credit Union is owned by its members.
2. Are your savings accounts in your Credit Union federally insured up to $100,000?
3. Can your Credit Union can offer low-cost loans and good dividends because it is operated “not-for-profit, not for charity, etc.
4. Compare their interest to that of the top money market accounts online
5. If you are searching for a loan, then compare their low interest rates to that of a online lender search.
6. Credit Unions normally have a great credit card program for those who have invested money with them. Once again compare their intro offer APR to those of the leading banks and decide what is best for you.
7. Finally, decide what credit union is best for you. They have one for teachers, pilots, federal government employees, state employees, and the list goes on. Keep in mind you are not limited to just putting your money in one basket and I would definately look at the private sector of lending and banking first.
What are the alternatives to credit unions? There are so many banks and lenders out there its hard to choose the right one and know where to keep your money safe. Credit unions are normally a good place to store your life savings from Buffalo, New York, to the Plains of Kansas they are normally dependable and very trustworthy organizations.
Keep in mind that you have to check out the interest rates of the online lenders and banks who are just better than anyone these days. Always make sure your credit union is FDIC insured if they are not then check out our selection of banks immediately. Here are some alternatives: Online Banking, Loan Comparisons
If you are interested in home equity loans then check out our nationwide mortgage center featuring the top lenders.