Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
IBankrate.comI explains why CUs offer great rates
NORTH PALM BEACH, Fla. (2/19/08)--A Monday column in Bankrate.com answers a reader’s question on why credit unions offer lower loan rates and higher savings rates than traditional banks. “Credit unions are owned by their membership, so the break in the lending rate and the bump in the savings yield relate to the benefits of ownership,” Taylor wrote in his “Ask Dr. Don” column. The reader also asked how to join a credit union, and if the recent lowering of the federal funds rate means that more Americans should seek out credit unions for their financial needs. “The Credit Union National Association has a credit union locator that lets you search by either location or possible ties to the membership of a credit union,” Taylor responded. “I don’t think that the targeted federal funds rate is a motivating factor for Americans to seek out a credit union that they’re eligible to join. “If you like the loan rates, deposit yields or community feel of a credit union, there’s never a bad time to become a member,” he added.
Other Resources

RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
46 minutes ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
51 minutes ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
4 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
6 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
10 hours ago