No. of Recommendations: 0
LuluB,

You wrote, Can't speak for that CU, but my CU gave me a loan and I did not see anyone in person. Everything was done through the mail. Easy as pie. Just a thought.

Yes, I know dealing with a CU by mail is pretty easy. I did for a while nearly 20 years ago. But I chose that CU because the interest rates were so much better than anything local.

I made that statement about location because it appeared to me that Brett was probably located in the North Dallas area and there are a few equally good credit unions in the area that he probably qualifies for.

While it's certainly possible to deal with a CU by mail, nothing beats the immediacy of walking into a branch and speaking with a loan officer. If they approve your application, you can often be out the door in under half an hour with the cash in your account. When dealing with an institution by mail, the loan process can take days.

Of course some institutions are beginning to take loan applications online too. But if everything else is equal, I'll still probably prefer a local institution over one that's remote.

- Joel
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement