Why you should put your money into a Federal Credit Union vs regular Bank. Credit unions are institutions that serve a particular working group, community or neighborhood. You are called members when joining a credit unions, instead of customers in a regular bank. Credit unions are not-for-profit organizations, so each member benefits from the action of the credit union.
Regular banks on the other hand, can invest your money any way that the institution authorizes to benefit their shareholders not you as the customer. Enormous fee and a general lack of interest in lending has driven many to choose credit unions over regular banking to support the needs in the community.
You be the judge…High fee banking or Credit Unions that support you as a part of the community.
November 5th 2011 Bank Transfer Day
