Only online banks offer rates that are competitive or, in some cases, better than the rates offered by credit unions.
New Is A Credit Union Better Than A Bank
Background. Credit unions might leave you wondering which is right for your needs. Interest rates on lending also tend to be higher at banks, while their.
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Their profits benefit their shareholders. Both hold our deposits and make investments to raise money to lend to businesses and individuals. Is a credit union better than a traditional bank?
Interest rates on lending also tend to be higher at banks, while their.
Lower loan & credit card rates. You must be part of a specific, collective group such as. In general, credit unions are more likely to lend to people with poor credit scores and offer options for smaller down payments. Running by the credit union will take up more of your lunch break, so if convenience and speed are huge issues for you, go with a bank.
