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6 major credit union myths debunked

Yahoo Finance
Summary
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76% Informative

According to J.D. Power , credit unions outperform banks by every measure, ranging from consumer trust to digital channels.

Most credit unions have the same products and services you can find at a bank.

Credit unions are more focused on using technology for the benefit of customers.

Many credit unions also have nationwide or international ATM networks with tens of thousands of fee-free ATMs.

Most people can benefit from choosing a credit union over a bank.

One of the main reasons is credit unions help you earn more interest and save more money.

Credit unions are owned by members instead of shareholders.

They're able to pay you higher rates on deposits, charge lower interest rates on loans and credit cards.

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74

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73

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19

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informal

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English

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51

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long-living

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