Are Any Of The Credit Union Locations Close To Your Home

Category: Finance.

If you ve been feeling like small potatoes at your bank lately, it s probably time to start looking at a credit union instead.

But if you compare convenience with better rates, you, service and options ll quickly realize a credit union is the best way to go. Of course, you won t find a credit union on every corner, or ATMs at every convenient location that you require. With a mere$ 5( or maybe a bit more) deposited into a credit union account, you ve become a shareholder, instead of just a customer like at a bank. But now, whatever holds together a credit union can be something less defined, a geographic region or social ties, for instance. Originally when credit unions first started popping up, the shareholders usually had something in common, union, like their church, workplace or employer. Its easy enough to find a credit union, if you are willing to look. But looking around can pay off in spades.

Most dont advertise too much( although that seems to be changing a bit of late in some areas) . Here are some ideas on how to locate one: Look around your workplace there may already be a credit union catering to your every need. Try calling the National Credit Union Administration at( 703) 518- 633They can look up credit unions in your area that you might be able to join. Or, if you are a professional, ask around to see if there is a credit union that has been created just for those in your profession, union or trade. If you attend religious services, ask the administrative staff if there is a credit union that is affiliated with your church. You never know who may have a credit union already organized that fits your interests. Contact your local chamber of commerce, or any clubs that you belong to.

Talk to friends, and ask them, family or coworkers about any credit unions they have heard about, or have used themselves. But how do you decide which credit union is the best for you? Once you ve shopped around a bit, you probably have come up with a couple of credit unions to choose from. It s quite easy, really. Make a graph if you need to, so that you can easily and clearly see the advantages and disadvantages of each one. All you have to do is compare them all by convenience, products and services, rates.

Start with convenience. Work? Are any of the credit union locations close to your home? On the way? What are their hours of operation? Are there ATMs within walking distance?

Now look at what products and services you use on a regular basis. Now compare those plans, programs and prices. Make a note of all of the ones you require, and just think are cool, but dont really need. What does it cost to do business at each credit union? Are there any up and coming costs that you anticipate, like a car loan, mortgage or general loan? What are the monthly and individual fees? If so, you may want to add these items to your comparison chart as well.

There is really no way to gauge service than by either contacting the credit union, or walking in the door. And then, there is service. So go take a peek at the top contenders on your list. You may become a shareholder faster than you thought.

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