Last login: Friday, November 4, 2011
Credit unions have more ATMs and more branches!
The host and guests of today's show left the listeners with several misconceptions about credit unions
- Myth: Credit Unions have fewer branches and ATMs than banks. Fact: my credit union has MORE California ATMs than Bank of America, and over 28,000 ATMs nationwide!
- Myth: Credit unions only have a few branches. Fact: my credit union has over 20 local branches, and a network of over 60 cooperative shared branches in San Diego and Riverside counties, and hundreds of shared branches nationwide!
- Myth: Credit union credit cards are inferior to bank credit cards. Fact: Credit union Visa and Master Card credit cards and debit cards are no different than banks, except: NO fees for debit cards and LOWER interest rates on credit cards"
- Myth: Credit unions only have a few services. Fact: My credit union has all the same products and services that my ex-bank had, except: LOWER loan interest rates, HIGHER savings and CD rates, LOW or NO fees, and a SMILE whenever I go to the branch... Which is rarely because their online and mobile banking ROCK!
November 4, 2011 at 1:51 p.m.
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