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Does anyone belong to a Credit Union?

post #1 of 8
Thread Starter 

Do you think it is a safer and cheaper (less fees) option?  Can anyone join your credit union?

post #2 of 8

We belong to one, as well as our traditional bank.

 

We use the bank for checking because of the debit card capabilities, atms, and longer hours.

 

The credit union you must do all services in the branch locations, and they have normal office hours that are inconvenient for us, therefore, we have our savings there because it's a huge pita to get any money out lol  We also finance loans through them because their rates are amazing and customer service is far better than any normal bank I've ever been a part of.

post #3 of 8
That is so funny, I was just thinking about that this weekend!

We got information on the one through Hubby's work, but it is on the other side of the city from us, with nothing local, so we're just checking it out at this point. The 2 that ARE local to us are State Employee credit unions, so we're not eligible to join frown.gif
post #4 of 8
Quote:
Originally Posted by Karen1985 View Post

We belong to one, as well as our traditional bank.

 

We use the bank for checking because of the debit card capabilities, atms, and longer hours.

 

The credit union you must do all services in the branch locations, and they have normal office hours that are inconvenient for us, therefore, we have our savings there because it's a huge pita to get any money out lol  We also finance loans through them because their rates are amazing and customer service is far better than any normal bank I've ever been a part of.

That is one of the main reasons we have our account at the credit union. THey have stupid hours of 2:45-4 Tues and Thurs only. To join you have to be an employee of the Hobart City school system or be related to someone who is. We joined when DH was a janitor 8 yrs ago. We get the best loan rates, easier to get loans than a traditional bank, better customer service (they have even stopped by our home for signatures or to drop off a a check or cash), and way more leniency. For example, when I was pg and on bedrest they came to the house to refinance our loan and deferred payments for several months. Because we had an account DHs father and brother were able to get accounts as well. We still have traditional bank accounts as well.

post #5 of 8

We aren't a member of a credit union currently but I have been in the past. It really depends on the credit union.

 

I've had ones that were very easy to join and absolutely fantastic to deal with. One or two others, however, barely seemed to function adequately. I dare say they didn't even quite understand the concepts around adding and subtracting.

 

We will be looking for one to join in our new community, mostly because it isn't easy to find a good bank around here. The credit union associated with hubby's employer is extremely inconvenient so we're NOT going with that one.

post #6 of 8

I love my credit union. Now anyone can join.

 

They have less fees.

 

When I was going through my divorce and he was threatening to empty the bank account I arrived at the desk a tired (had worked the night before, crying mess. They took me into a private room, gave me a box of kleenex and picked a person who had recently gone through a similar situation to assist me. I will never forget how kindly they treated me. 

post #7 of 8

I've been a member of a credit union for 34 years.  It was only open to government workers and workers in the space and defense industry, but it may be open to more people now.  As a child, I was eligible through my dad who worked in the space industry.  Once you're eligible, you have the account for as long as you want to bank at the credit union.

 

I've checked around at other banks, but the credit union is still the best place to bank in this area.

post #8 of 8

Have been for years. The only fees I ever pay is $5 if I overdraw and they transfer from savings. 

Biggest drawback is location. Our nearest branch is about a 30 min drive, Lucky there are a few shared branch Credit Unions. We have 3 closer ones that we can use.

I think our may have a joining restriction. Its Washington State Employees. DH got a saving there when he was 12 (his mom being the state employee) They never kicked us out. 

I like my CU no plans to switch 

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