The credit-unions tag has no wiki summary.
2
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1answer
39 views
How do credit union loans and dividends vs interest work?
Since a credit union's customer own shares/stocks, then what is really happening when a credit union makes a car or home loan to a new customer? Is it shorting selling stocks at an interest rate? ...
4
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2answers
151 views
(Almost) no credit unions in New York City, why?
After relocating from the West Coast to New York City, I was surprised to find major banks on every street corner, but only very few credit unions. And of the few ones, many aren't even open to the ...
2
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2answers
146 views
What does it mean when my Money Market account lists both a dividend share and an APY?
A few months ago I opened an account with a credit union. Now trying to get a realistic "rainy day fund" saved up, and wondering what the best account is to keep that in. The "regular share" ...
2
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2answers
111 views
Is there to (auto) insurance companies as there are credit unions to banks?
I have been paying my insurance company $250 a month for a $1k deductible, "full coverage" insurance policy.
Long story short, on coming through the policy, two major things I need after I was ...
6
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2answers
216 views
Why would you take a loan secured by your savings account?
I see at least a few credit unions offering these savings-secured loans. I can kinda see the advantage to taking a loan against a CD with penalties for breaking, but share and savings accounts have me ...
9
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3answers
411 views
Am I “cheating the system” by opening up a tiny account with a credit union and then immediately applying for a huge loan?
I've always wondered why credit unions require you to open a membership account before they'll approve a loan. Whenever I think about it, it feels like going to a credit union just for a loan is ...
2
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3answers
118 views
Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.?
With the recent news that many banks are going to start charging from debit card use, I was thinking of switching to a credit union or local community bank because I heard they would most likely not ...
2
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3answers
98 views
What banks or credit unions local to Texas are most convenient?
I'm researching credit unions and banks in Texas due to the recent announcement of Bank of America's $5/mo fee for debit card use.
I'm very mobile. I live in College Station, TX, primarily, but have ...
4
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3answers
108 views
What proactive measures can be taken before or when a lender closes your credit card?
A blogger and contributor here recommended Digital Federal Credit Union (DCU) as a possible lender in my search for cash secured credit cards to establish my credit history, and I got approved for one ...
4
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1answer
91 views
Taxation difference between income from credit union (CU) shares versus bank deposits (e.g. CDs)?
This question is a follow-up to Difference between a (credit union) "share certificate" and a (bank) CD?
What is the difference in taxation on "interest" payments versus "dividend" ...
4
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1answer
122 views
Feedback regarding online services of credit unions like Alliant
I am considering opening an online account that I can operate over the internet with a CU.
Would it be possible given that I am a international student on a F1 Visa in the US and not a US Citizen or ...
2
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1answer
92 views
Are credit unions or other non-bank financial institutions available in Mexico?
Are there credit unions, or other non-bank financial institutions available in Mexico, to the general public?
6
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2answers
3k views
Can I deposit checks into my credit union into another bank's ATM?
My wife and I have a Bank of America savings and checking account. We got hit with our first fee for the pleasure of having an account and I want to move to a credit union.
My wife feels comfortable ...
6
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1answer
1k views
Difference between a (credit union) “share certificate” and a (bank) CD?
I've seen both Share Certificates and Certificates of Deposit available. Are they the same thing? Do they have different names based on whether they are offered at a bank or credit union? Does one ...
1
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2answers
2k views
How do credit union “share certificates” work?
I recently bought a 3 month, $500 "Share Certificate" from a Federal Credit Union that I am a member of. I did this as an experiment mostly.
They list an APY, a dividend rate, and a term length... ...
13
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2answers
329 views
What's the difference between credit unions and banks?
Is one better than the other?
I've noticed that national banks seem to charge more (and higher) fees. Is that just me?
8
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1answer
187 views
What are the benefits and risks of doing your banking through a credit union, versus a bank? What's the difference?
What are the major differences to having your mortgage, credit, savings/chequing accounts with a credit union (or caisse populaire, in Québec) versus just a regular bank?
