Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
8 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
12 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
12 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
13 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
13 hours ago