Why we should leave our bank and join a credit union

So you may have had a savings account for a while, or taken out a mortgage on a house. Is your bank really helping you or is it doing you more harm than good? If you've never explored the benefits of a credit union, now may be the time to move on. There are actually many benefits, and you probably haven't heard of them. Satta king

Simply put, a bank is an establishment that exists to earn money for itself. This is not necessarily a bad thing; from which each individual business is doing business: making their own money. So what good is a credit union? What makes it different? A credit union is a nonprofit organization that exists specifically for its members. It's basically a group of people dedicated to your money. So instead of shareholders making decisions for the part-owned bank, you can own part of your credit union and be able to vote and participate in various aspects of the company. It is totally democratic and even the members elect a voluntary board of directors. Sounds good, right? Play bazaar

Credit unions generally offer higher interest rates on savings accounts, as well as lower interest rates on personal loans and lines of credit. They also offer many free services such as checking accounts, debit and credit cards and personalized attention.

Some people are skeptical about credit unions because they think their money is not safe. This rumor is no longer true and all credit unions are now required to have federal insurance, just like a bank. Therefore, there should be no question as to which establishment you should choose.

Now that you're sure, go one step further. What other corporations do you spend your money on? The grocery store, clothing centers at the local mall. When you start saving your money wisely, try to spend your money wisely too. Everything you do can be more frugal and help you in life. Learn to compare prices. Research which credit unions offer the lowest interest rates and highest interest payments.