Are credit unions better than FDIC banking?

Answer On One Hand: Credit Unions Are More Competitive.Credit unions are not-for-profit institutions. As such, they don't have to pay taxes. Credit unions pass this savings on to their members by offering... Read More »

Top Q&A For: Are credit unions better than FDIC banking

Are credit unions FDIC insured?

The Federal Deposit Insurance Corporation (FDIC) does not insure credit unions. The National Credit Union Administration (NCUA), however, does provide insurance coverage for credit union accounts.F... Read More »

What Is the Difference Between Regular Credit Unions & Federally Backed Credit Unions?

Credit unions are chartered by either state governments or the federal government. When people refer to a "regular" credit union, it is generally a state-chartered institution and does not have the... Read More »

Is credit unions better then banks right now?

Credit unions are not going to go belly up. Here's an excerpt from Forbes regarding credit unions:ATLANTA (9/19/08)--"If there's a calm in the economic storm, it may be credit unions, whose invest... Read More »

Why do credit unions charge lower rates than commercial banks?

Credit unions are a kind of a bank owned by their members. They exist under a separate set of laws from regular banks and, due to the differences in how credit unions are operated, they often offer... Read More »