Fire Your Bank and Become a Member/Owner of a Credit Union

The greed of the banking industry has taken center stage for all to see in recent months. They’re all about the Benjamins for themselves, not their customers. If this isn’t sitting well with you, tell your bank “You’re fired!” and join a credit union-where you are a member/owner.

Here are five good reasons to take your money elsewhere:
Credit Unions are not-for-profit financial institutions that are member owned, same services as most banks including on-line bill pay and loans, deposits are federally insured, they have better interest rates for both savings and borrowing, you’re probably eligible for membership and it’s not a greedy bank! OK, that’s six reasons. I got carried away.

To find out more check out the Credit Union Works website at:

http://www.creditunionswork.org

They even have a search function that helps you find credit unions in your area:

http://www.findacreditunion.com/

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2 responses to “Fire Your Bank and Become a Member/Owner of a Credit Union

  1. I might re-title this post: Fire Your Bank and Become an Owner of a Credit Union

    Most credit unions are member (customer) owned, so profits (although they’re not-for-profit entities) flow back to the members in the form of dividends and lower rates on loans and fees.

  2. Good point – thanks FrugalPod!

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