The Difference Between Banks and Credit Unions: Part 1

because cu's are not for profit, they can help the little guy by providing lower rate loans and higher rate savings and other free services

and your rate at a bank may have been a lot higher or maybe no loan at all!

Stand up against the commercial banks! Join a CU!

Remember the Banks have to pay taxes and Credit Unions do not

OK, I agree with most all of it BUT, my credit union screwed me on a car loan. In my credit report I had one "no pay" on a medical bill for 100 bucks that I never received a letter on or a phone call on and I got hit with a usury rate of 10.8 interest rate on a used classic car! Now that rate is frozen and they will not change it because I have other credit problems but when I took out the loan I had perfect credit all but that one medical co pay I never received.

This is GREAT!

Um, sort of.

Incredibly brilliant yet simple, clear and entertaining way to tackle an otherwise boring subject. I'm in advertising in a small town in Georgia. Mind if I completely rip off your idea for our local credit union?

I could watch this video every day! It is brilliant!!

The word "fraud" in this case is more than a misnomer; it's riduclous. As not-for-profit cooperative where members are part owners, I guarantee that no one there is trying to use "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage." And if rates are all you care about in life, you should put your money elsewhere.