Comments on: Checking Up on the Local Credit Union http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/ Just tidbits about money and finance. Fri, 21 Nov 2008 22:58:29 +0000 http://wordpress.org/?v=2.5 By: David http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-191156 David Wed, 12 Mar 2008 04:13:57 +0000 http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-191156 My primary bank, since I was 12 or so, is my father's former employer's credit union. The company is long gone, but the credit union now has a concert arena named after it...go figure. I always have my eyes peeled to see if there is a better bank out there, but I have never found one. I have an ING savings account too, but like you, have found better rates in CDs and Money Markets at the credit union, albeit with higher required balances. But like ctmom96 said, the real benefit comes from the service...and the loan rates. I can walk in and get an auto loan 1-2% lower than any dealer could give me, and their mortgage rates are among the best around too. So I guess that is a long-winded endorsement of credit unions! My primary bank, since I was 12 or so, is my father’s former employer’s credit union. The company is long gone, but the credit union now has a concert arena named after it…go figure.

I always have my eyes peeled to see if there is a better bank out there, but I have never found one. I have an ING savings account too, but like you, have found better rates in CDs and Money Markets at the credit union, albeit with higher required balances.

But like ctmom96 said, the real benefit comes from the service…and the loan rates. I can walk in and get an auto loan 1-2% lower than any dealer could give me, and their mortgage rates are among the best around too.

So I guess that is a long-winded endorsement of credit unions!

]]> By: Chief Family Officer http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-190578 Chief Family Officer Tue, 26 Feb 2008 03:46:07 +0000 http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-190578 I think paying off those credit cards instead of building up your savings is a good move right now. It looks like your savings are enough to cover reasonable emergencies, so you can probably get away with not building it back up right now. The interest is so paltry that it's not really worth it! I think paying off those credit cards instead of building up your savings is a good move right now. It looks like your savings are enough to cover reasonable emergencies, so you can probably get away with not building it back up right now. The interest is so paltry that it’s not really worth it!

]]> By: ctmom96 http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-190570 ctmom96 Tue, 26 Feb 2008 02:59:41 +0000 http://www.mapgirl.net/mfc/2008/02/25/checking-up-on-the-local-credit-union/#comment-190570 I've been a member of the same credit union for 25 years - yikes, has it been that long? Anyway, even though I'm not an employee there any more, I still keep a savings account open - the service is great, and they've had the best auto and personal loan rates anywhere. I wish they were closer, but it's still worth staying a customer. I’ve been a member of the same credit union for 25 years - yikes, has it been that long? Anyway, even though I’m not an employee there any more, I still keep a savings account open - the service is great, and they’ve had the best auto and personal loan rates anywhere. I wish they were closer, but it’s still worth staying a customer.

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