Friday, September 26, 2008

Credit Unions Are Good (Shameless Commerce)

WaMu has now collapsed, and with other banks looking ever more shaky, what's a body to do?

Join a credit union. They're better than banks in a thousand different ways, not least being they tend to follow sound underwriting principles, they are not-for-profit, they're insured separately from banks, and most of all, they're member-oriented, indeed member-owned.

As I said, they are very different from banks. And banks hate them for it. Hate them back by joining a credit union!

Advantis is a really, really good one if you happen to be in its field of membership.

Credit Unions are a worldwide thingy, not just North American. If you live, work, or worship in the USA, chances are right around 100% that you are in at least one CU's field of membership: find out which ones here.

1 comment:

Bpaul said...

Oregonians FCU here. It's bigger than my old one, the Resource Conservation Credit Union, but it's still a CU so I'm happy.