No. of Recommendations: 2
Are these really all they're cracked up to be? I guess the main advantage to them is getting lower rate loans, and sometimes leases as well. So, how much can you save and what kind of loan rates should I look for from a credit union?

I also assume that getting approved for these loans once you're a member is easier than with a "normal" loan. Or is that not right?

Alot of credit unions also have group rate packages available for items such as insurance. I would suggest checking local credit unions to see if you're available for membership since they have various restrictions as to who can join. Then compare their rates against one another.

My experience has been that they are lenient with loans when it comes to members.

Print the post  


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.
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.
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.