Should You Move Your Money to a Credit Union?
You wouldn’t normally think of credit unions as sexy or hip.
They don’t have glossy ad campaigns and beautiful branches on every street corner. Even their basic definition—non-profit financial co-ops—sounds boring.
But these days, more and more Americans are clamoring to join the club of credit unions because of their low fees, higher interest rates on savings accounts and lower interest rates on loans.
Because they are non-profit, credit unions are the only financial institutions that go out of their way to serve low-income clientele. But you’d be wrong if you think that’s the only group they serve.
Anyone can benefit from the low-fee, low-rate products that credit unions specialize in. And in fact, many more people are.