Are credit unions good to put your money in?

Answer On One Hand: Credit Unions Have Many AdvantagesPutting your money in a credit union has many benefits. Credit unions are not-for-profit, unlike banks, and tend to offer higher interest rates on sav... Read More »

Top Q&A For: Are credit unions good to put your money in

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 »

How to Transfer Money to England With BC Credit Unions?

Wiring money to England or anywhere in the United Kingdom from a bank or credit union is a straightforward process. The process is the most efficient way to securely send and receive money, particu... Read More »

Who insures money deposited in credit unions?

According to the National Credit Union Administration, the NCUA oversees the National Credit Union Share Insurance Fund (NCUSIF). It's an insurance fund that works much like the federal deposit ins... Read More »

Are money market accounts at credit unions safe?

Money market accounts at credit unions are safe if they meet certain criteria. If the credit union has NCUA (National Credit Union Administration) insurance--the equivalent of FDIC insurance for cr... Read More »