Why?

Private banks, Chase, Bank of America etc. are FOR profit organizations. Their biggest concern is to use all of their resources to make their earnings grow. Their concern is for their customers, but in the end its about how much income they (big banks) can extract from their customers without making them want to leave their bank. 

Credit Unions are NOT for profit organizations. They offer a wide variety of financial services, the big thing with CU is they are owned by their members! Just by having an account at a credit union makes you a member and an owner, how many of you can say that of Chase, or BofA? As a member of a Credit Union you can vote and run for the Board of Directors. You money does not matter, you could have 10 dollars in an account or 10 thousand dollars in an account, you vote is still the same. Credit Unions are run by volunteers and no one gets paid in any way shape or form for their time.

 

Are Credit Unions Really Better Than Banks?

Banks have shareholders, Credit Unions do not. Shareholders want to see a profit from their investment. Credit Union profits are returned to members in the form of fewer fees and better interest rates. Everyone can join a credit union as well, where as banks will turn you away after a credit check if they feel you are a risk.

Banks spend millions every year lobbying the government to keep credit unions a secret. If most people new more about credit unions, big banks would suffer a huge loss, and so would the government.

Checking accounts with credit unions are usually free, there is no minimum balance that needs to be kept, you will not get hit with ridiculous fees. checks are at cost, meaning there is no one trying to make a profit off of them so you pay a lower cost. You can get your money from an ATM as well as credit unions are members of a national network of credit union ATMS, with no surcharges for withdrawing your money. The ATM you are using may charge you, but credit unions will not charge you as big banks do, so there is no double charge.

More often then not credit unions offer better rates on care loans then big banks, and usually as well and most times even better then the dealerships themselves. There are no service, commitment and underwriter fees for your savings, CDs, money market and mortgage rates.

 

You can direct deposit checks into a credit union

You can use ATMs with a credit union

You can get car loans, mortgage’s and CDs

You have no minimum balance charges in a credit union

You can have a checking account

You can have a savings account

Most Credit Unions now are offering online banking :Check your local Credit Union

 

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15 responses

  1. Let’s tell the banks we won’t stand up for defrauding military veterans and covering it up! Take a stand and show them who’s boss!

  2. I have been a credit union member for 13 years now! MOVE THAT MONEY!

    1. wonderful ! thx so much Laurie for sharing
      Im finding more and more people have gotten sick and tired in the last few years and changed!
      @MissRevolution_

  3. There are a few misrepresentations here. CUs are wonderful, but they do employ regular employees and pay them. The Board of Directors must be unpaid, it is true, but you should really avoid blatant falsehoods if you don’t want to wind up committing the same fraudulent “mistakes” that the big banks do.

    1. Everything on this blog is from their site, there is no misrepresentation of any information, of course the tellers are paid, but there is one thing missing from CUs that is in these big corporate banks and that’s shareholders. Period.

  4. Edit please? Third sentence should read: Their concern is for their shareholders not customers.
    Their concern is for their customers, but in the end its about how much income they (big banks) can extract from their customers without making them want to leave their bank.

    The customers are only the host body to the parasite.

    Most of these corporations would gladly operate without any customers if they could figure out a way to do that.

  5. Support your message 100%! This is a great way to help ourselves, and lessen the influence of Big Banking on our day-to-day lives,

    Just a quick observation:

    “More often then not credit unions offer better rates on care”..

    Should read: “More often than not credit unions offer better rates on car

  6. [...] Credit unions are NOT for profit organizations. They offer a wide variety of financial services, and credit unions are owned by their members! Just by having an account at a credit union makes you a member and an owner. How many of you can say that of Chase, or BofA? As a member of a credit union you can vote and run for the Board of Directors. You could have $10 or $100,000 in an account, your vote is still the same. Credit unions are run by volunteers and no one gets paid in any way shape or form for their time. (source) [...]

  7. [...] actions, for going from the theory to the praxis and the Bank Transfer Day or Transition Day, or operation CashBack is spreading faster than light! (Seen on Fox Business, Good Morning San Diego, EVBLive, Fox13, [...]

  8. [...] actions, for going from the theory to the praxis and the Bank Transfer Day or Transition Day, or operation CashBack is spreading faster than light! (Seen on Fox Business, Good Morning San Diego, EVBLive, Fox13, [...]

  9. [...] actions, for going from the theory to the praxis and the Bank Transfer Day or Transition Day, or operation CashBack is spreading faster than light! (Seen on Fox Business, Good Morning San Diego, EVBLive, Fox13, [...]

  10. [...] actions, for going from the theory to the praxis and the Bank Transfer Day or Transition Day, or operation CashBack is spreading faster than light! (Seen on Fox Business, Good Morning San Diego, EVBLive, Fox13, [...]

  11. Been in the Army for 6 years and always had BOA and Armed Forces Bank. well i litterally just got back from closing my account and moving to Navy Fed CU and i gotta say it feels great! and seeing articles in the news that the big banks are already puckering their assholes just makes feel all warm and fuzzy

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