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

Answer 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 »

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What Are the Benefits of Credit Unions Over Banks?

Credit unions are attracting more customers who are searching for an alternative to big banks. Bank customers who become unhappy with fees and low interest rates have another option that provides b... 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 »

The Difference Between a Credit Report & Credit Score?

In ads on TV, radio and the Internet and in newspapers, you hear and see announcements about credit reports and scores. It has become so constant that borrowers are getting the message that to buy... Read More »