Are [local] Credit Unions a good alternative to a traditional bank?

[nitro]

As rising fees continue to fuel misgivings about banks, consumers are turning to an alternative: credit unions. According to statistics from the Credit Union National Association, or CUNA, 3.7 million people joined one of these not-for-profit institutions in 2015 to reach a record high of total members.

With more than 6,000 credit unions in the country, these institutions vary in size and services, according to the National Credit Union Administration, the independent federal regulator. While there are plenty of perks to joining a credit union, there are some downsides, too. Consider the pros and cons of these 5 key offerings of credit unions before you become a member.



Read more: http://www.bankrate.com/finance/credit-unions/pros-cons-credit-unions-1.aspx#ixzz45if43lgd
Follow us: @Bankrate on Twitter | Bankrate on Facebook

 

[FCXoptions]

I worked in one for a few years in a tiny one and got to help turn them around, was a ton of fun working there as you get to play a part in so much stuff. We had a killer ROA, regulators asked us to increase the interest paid on savings and CD's to lower it lol.

Also very nice for getting low car loan rates and they will compete if somebody makes you a better offer sometimes.

 

[murray t turtle]

As rising fees continue to fuel misgivings about banks, consumers are turning to an alternative: credit unions. According to statistics from the Credit Union National Association, or CUNA, 3.7 million people joined one of these not-for-profit institutions in 2015 to reach a record high of total members.

With more than 6,000 credit unions in the country, these institutions vary in size and services, according to the National Credit Union Administration, the independent federal regulator. While there are plenty of perks to joining a credit union, there are some downsides, too. Consider the pros and cons of these 5 key offerings of credit unions before you become a member.



Read more: http://www.bankrate.com/finance/credit-unions/pros-cons-credit-unions-1.aspx#ixzz45if43lgd
Follow us: @Bankrate on Twitter | Bankrate on Facebook

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Yes if one is near;+ most any community bank is better than a big bank like C or BAC.....................................................................................