The Downside of Credit Unions
Date: Nov 28 2012
Filed under: Banking, Consumer Ally, Personal Finance
Credit union membership is at an all-time high, and much of its growth is likely a product of our rising disillusionment with traditional banks. Banks, after all, are run by executives aiming to enrich stockholders (and themselves), while credit unions are owned by, and run for the benefit of, their members/depositors.
Indeed, according to the Credit Union National Association, 1.3 million people joined credit unions last year, and reaped the benefits. Credit unions tend to offer more…
The Downside of Credit Unions originally appeared on DailyFinance.com on 2012-11-27T13:19:00Z.
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