Comments on: 10 Reasons Why Credit Unions Kick Ass

By: Anonymous

Anonymous — Thu, 25 Jun 2009 03:04:21 +0000

Can you tell me the details of the credit union that offers land loan
-Thanks
varsityboyz

By: BaysoxFan39

BaysoxFan39 — Sat, 21 Mar 2009 13:17:32 +0000

I joined the Fort Sill Federal Credit Union in Oklahoma years ago and they where great. I received my first loan in my life there. I only use credit unions. No fees is a big draw for me. Presently I am with Tower Federal Credit Union in Maryland. I would recommend a credit union to anyone. If you are a little apprehensive about joining do this. Qualify to join and start a savings account there to test the waters. Then begin comparing your commercial bank with the credit union. I bet within a year you will transfer all your business to the credit union.

By: Nancy V

Nancy V — Fri, 27 Feb 2009 04:59:05 +0000

I noted that the only complaint on this board was about Elevations CU. Even though I moved to another state I have kept my account at Elevations. They have always had higher rates for CD’s, IRAs,etc. than commercial banks and their credit card rate is only 8.9%.
They have made a couple of strange mistakes in the past but when I called them about it they got to work and straightened it out. The employees are usually very polite. Only had one that was sort of rude.

By: AE

AE — Mon, 09 Feb 2009 17:45:25 +0000

Credit Unions pay zero taxes. Bank of America paid $2,350,491,000 in taxes (28.5% of income) to the US and local governments in 2008. That’s the reason credit union deposit rates are generally higher and loan rates are generally lower than commercial banks. Credit unions have a free ride and unfair advantage.

By: AJ Kumar

AJ Kumar — Tue, 23 Dec 2008 05:07:28 +0000

I hear amazing things about credit unions, however, I don’t have an account with one. Fortunately for me, my mom is the branch manager at a Bank of America, so almost everything is comped

By: Bill

Bill — Sat, 20 Dec 2008 20:51:05 +0000

Very good points about Credit Unions. I have been praising my Credit Union for years now and have gotten many people to switch to them. Before I joined my Credit Union I was with one of the big national banks and they sucked money from me constantly with fees of all kinds. When I ran across the differences between giving my business to a local Credit Union and the big bank I was shocked. I will never do business with a big bank again!

FYI: I posted a link to this post on my own blog discussing Credit Unions because this is great information.

By: Eric N.

Eric N. — Fri, 19 Dec 2008 19:27:34 +0000

Thanks Steve

By: Steve V.B.

Steve V.B. — Fri, 19 Dec 2008 15:14:43 +0000

-Eric

Try culookup.com to find a credit union. You can search for credit unions by zip code as well as membership type (i.e. military, community) to see where you can join.

By: Eric N.

Eric N. — Fri, 19 Dec 2008 06:43:14 +0000

I still have to research what credit union to join….I don’t even know what to look for.

By: jeff rose

jeff rose — Fri, 19 Dec 2008 06:07:13 +0000

Would have to totally agree. One key aspect is service. A couple months ago when we were shoppong rates for a land loan, we couldn’t even get our calls returned from the bigger banks (including our bank). The local credit union was extremely helpful in vetting us the info we needed.

By: Mppaul

Mppaul — Fri, 19 Dec 2008 01:52:00 +0000

Love credit unions…I have accounts at 4! Customer service, products, access, they have it all

PenFed
Alliant
MECU
DuPage

By: Mark

Mark — Fri, 19 Dec 2008 00:30:05 +0000

Good list. Credit unions are far superior to commercial banks in just about every way. They care more about their members because the members are owners and offer superior interest rates and financial products.

By: TStrump

TStrump — Thu, 18 Dec 2008 19:43:53 +0000

Very timely post as I’ve been thinking of switching to a credit union lately.
Thanks!

By: Bill M

Bill M — Thu, 18 Dec 2008 19:00:12 +0000

I love my local Credit Union, they have all kinds of little services for no extra charge, even a Coin counting Machine for the members to use free of charge.

By: poor boomer

poor boomer — Thu, 18 Dec 2008 18:14:30 +0000

My credit union kicked MY ass when I sought a $200 loan to get out of PaydayLoanLand.

I guess my credit union figured I could make the payday loan payments but not smaller payments at a reasonable interest rate.