Free Articles  >>  Business And Finance >>  Page 2319  >> 

Check Your Local Credit Union For Great Loans

This summer, some folks are wondering if they can afford to enjoy it as they have in the past. Ever since the recession, banks have been losing the respect of the public. Their reputation has been tarnished, and many are wondering where they can take their money for reliable, friendly and cost-effective service.

Credit unions have been around for years, but people still wonder exactly how they work, and if they can get the same features and benefits of a big bank. The answer is yes. Most credit unions not only offer every product you can find at a bank, they usually offer it at substantial savings. Let's not forget better service, too.

Banks are owned by shareholders, like any other company trying to make a profit. In order to make that profit, they need income. That comes from the high rates you pay on loans through them, or the fees you're assessed for using savings or checking accounts, or credit cards. Even deceptive totally-free offers usually come with unexpected fees later on, and limiting conditions.

At a credit union, you are the shareholder when you become a member. You'll be asked to keep anywhere from $5-$25 in a share-savings. This is your share and you are now part owner. But since credit unions are inherently non-profit, all those funds that are normally generated must be funneled back to you. There are fewer and smaller fees, and often much more leniency in refunding them. More money for training new employees and keeping talented financial advisers on staff results in more knowledgeable service. You can get higher returns on your deposits, and you can get some of the best rates on the market for loans.

Now it used to be that credit unions were smaller, and didn't have the resources to offer the same products as banks. These days, membership eligibility often includes the populations of whole cities and counties. Some boast assets of several billion dollars. This means plenty of capital for your auto loans, boat loans, or RV loans with uniquely low interest rates. You can get first and second mortgages with low closing costs and extremely competitive rates. You can even look to your credit union for great rates on mobile home and cottage loans.

These benefits seem too good to be true, but remember, you are not just a customer anymore. You're a member. You can even vote in major credit union decisions because the board of directors is simply a selection of fellow members just like you. The recession had a rough impact on banks and as a result credit unions have been flourishing.

They've grown only more secure. And this security has trickled down to its members. You no longer have to fear for the economic strength of your financial institution. Credit union members can relax and enjoy the summer fun. If fun includes a cottage or speedboat, at least you got a killer deal to brag about on the beach.

About Author Nick Messe :

Enjoy the convenience of online banking with ICCU - the Illinois Community Credit Union - Our goal is to return profits to our members by offering more service with lower rates on things such as Sycamore IL Mortgages and Dekalb Auto Loans - Call 815-895-4541 for more information - <a href="" target="_blank"></a>

Article Source:
Article Url:

Article Added on Saturday, September 4, 2010
Other Articles by Nick Messe

Get a Great Real Estate Loan And Save Money
Real estate is an important investment for people of all ages and backgrounds. After all, who doesn't want to own a home, apartment complex, or some other type of property? To invest in such properties, you will no doubt need a real estate loan. After all, everything from homes to office buildings cost thousands of dollars. A loan will help you buy the real estate of your dreams. If you want a loan with competitive rates and terms, then you need to look into dealing with credit unions. Here,...

Credit Unions Blow The Competition Out Of The Water
It's summer, the time when many of us think about cruising around the lake or hitting the open road. If that sounds like you, and you're in the market for a boat or RV, you may want to head to your local credit union for the best rates. They typically offer loan rates that will blow the competition out of the water. They can do this because credit unions are owned by their members. When you join one, you become a member. This means you are more likely to be treated like a person and receive...

You Can Get A Better Mortgage At A Credit Union
According to common sense and conventional wisdom, in order to find the greatest deals on mortgage loans you have to go to a mortgage broker. These brokers truly do offer a diverse assortment of options. However, there is one kind of loan that many mortgage brokers neglect to talk about, and that's the credit union mortgage. Credit unions seem to have a number of important advantages over the vast majority of lenders. One distinct advantage credit unions have over other lenders is that they...

A Credit Union Member Has Definite Advantages
Credit Unions are becoming an increasingly popular option for a number of borrowing needs such as mortgages, auto loans, and title loans. In these tough economic times people are turning to credit unions because they are founded in a whole different spirit than banks. They are community owned, non-profit organizations that exist more so to assist people than to enrich their bottom line. You are not just a number or a potential increase in revenue at a credit union, you are a human being that...

Your Illinois Credit Union Offers Great Real Estate Loans
When most people think about their options for real estate loans, they immediately think of the conventional banks and the standard lenders out there in the industry today. Only considering those lenders is a bit of a disservice, though, because there are quite a few quality options that can provide individuals with an even better real estate loan. Some of the best real estate loans actually come from credit unions. This is because credit unions have more flexible operation terms, so they have...

As a Credit Union Member You Will Actually Earn Profits
With the recent turmoil rocking the traditional banking industry, a number of American consumers have begun to seek out a safe and viable alternative to the major banks. Even a number of community banks have failed since 2007, though. So where is a frightened and frustrated banking customer to turn these days? To the same place that savvy American consumers have been turning for more than a hundred years, to a Credit Union. Credit Unions prove to be a totally unique concept in the financial...

You Can Get A Quick Online Loan With No Credit Check
Do you realize that even if you have a bad credit score you can get a quick online loan with no credit check? There are online companies that offer a remarkable new loan alternative to typical payday loans. There is no credit check involved and it is a great way to obtain signature loans based on your income level. If you are in a bind and find that you just cannot wait to pay a bill until your next payday, this could be the solution to your problem. If you have a pressing emergency expense...

Be a Member of Your Financial Institution and Not Just a Customer
The majority of the working people in the world use a financial institution such as a bank on a regular basis for their financial needs. Paychecks have to be cashed, bills have to be paid, money has to be borrowed, and checks have to be written. These tasks require the use of a financial institution of some sort. While many depend on banks to perform these functions, the credit unions are the financial institutions with the real perks. When a person deals with a bank, that person is a...

What Are Mortgage Home Loans And Equity Home Loans
? Mortgages loans can be a confusing topic even for the financially literate and the government's attempts to clarify matters sometimes does more harm than good. One way to start deciphering the code is by enlisting the help of a mortgage professional, but it pays to know something of the basics from the beginning. The difference between a mortgage home loans and mortgage equity loans is fundamental. First, though, they share the key similarity of being secured loans, which means that both...

Use A Pawnbroker To Get Quick Cash
Short on cash, but don't qualify for a traditional loan? You may want to consider the services of a pawnbroker. A pawnbroker is a business or individual that holds on to a person's belongings as collateral in exchange for a secured loan. Depending upon local law or business policies, a person usually has several months to purchase the item back for the loan amount, plus a small interest fee. If the loan has not been paid by the specified amount of time, the pawnbroker has the right to sell...

Click here to see More Articles by Nick Messe
Publishers / Webmasters
Article ID: 259395
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

291 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Personal eMail Provided By AwareIndia

Company IDS